Loss Before Tax

12 Months Ended

Dec. 31, 2023

Loss Before Tax [Abstract]

LOSS BEFORE TAX

6. LOSS BEFORE TAX

The Group’s loss before tax is arrived at after charging/(crediting):

	Notes	2023			2022			2021
		US$			US$			US$
Amortization of intangible assets (other than development costs)	11		-			187,198			192,028
Amortization of development costs	11		6,202,250			3,401,957			2,588,320
Depreciation of property and equipment	12		218,471			328,438			335,971
Depreciation of right-of-use assets	13(a)		743,956			871,157			784,029
Employee benefit expense:
Salaries, allowances and other benefits			18,392,916			26,805,750			22,792,357
Equity-settled share option expense			6,629,044			14,430,835			9,352,862
Other long-term employee benefits expense/(credit)			109,702			(4,951,482	)		(240,028	)
Pension scheme contributions			1,179,399			1,419,470			1,176,767
Retirement benefits expense			56,672			75,376			156,279
Less:
Amount capitalized			(1,357,537	)		(2,756,415	)		(3,260,037	)
Government grant recognized*			(78,703	)		(733,655	)		(424,479	)
			24,931,493			34,289,879			29,553,721
Lease payments not included in measurement of lease liabilities (included in general, administrative and other operating expenses)	13(c)		42,931			157,264			330,400
Provision for expected credit losses	14		3,757			-			53,558
Impairment of goodwill (included in general, administrative and other operating expenses)	10		-			4,382,926			-
Impairment of intangible assets (included in general, administrative and other operating expenses)	11		3,105,507			1,450,781			-
Changes in fair value of other derivative financial instruments (included in other income/expenses)	20, 21		9,536,904			1,139,938			178,859
Changes in fair value of warrant liabilities	22		47,796,528			(38,454	)		-
Other equity-settled transactions (included in general, administrative and other operating expenses)	26		500,000			882,115			-
Gain on disposal of items of property and equipment, net (included in other income/expenses)			(3,690	)		(4,539	)		(542	)
Gain on derecognition of convertible loans and bridge loan (included in other income/expenses)			-			(135,031	)		-
Reversal of provision for expected credit losses	14		(1,558	)		(14,242	)		(26,898	)
Foreign exchange differences, net			(656,605	)		4,051,710			2,953,299

* Various government grants have been received for employment support schemes in related to covid-19 and other job support schemes.