Notes to the Statements of Cash Flows

12 Months Ended

Dec. 31, 2023

Notes to the Statements of Cash Flows [Abstract]

NOTES TO THE STATEMENTS OF CASH FLOWS

29. NOTES TO THE STATEMENTS OF CASH FLOWS

(a) Changes in liabilities arising from financing activities

2023				Lease
	Loan notes			liabilities
	US$			US$
At January 1, 2023		8,745,192			785,687
Changes from financing cash flows		(27,720,827	)		(730,908	)
Interest paid classified as operating cash flows		-			(48,363	)
Non-cash transactions:
New leases		-			549,622
Finance costs accrued		18,975,635			48,363
Exchange realignment		-			1,660
At December 31, 2023		-			606,061

2022				Convertible						Lease
	Loan notes			loans			Bridge loan			Liabilities
	US$			US$			US$			US$
At January 1, 2022		-			4,294,265			12,274,215			486,678
Changes from financing cash flows		22,397,271			12,656,069			610,000			(873,308	)
Interest paid classified as operating cash flows		-			-			-			(42,130	)
Non-cash transactions:
Finance costs accrued		786,058			2,894,050			4,074,175			42,130
New leases		-			-			-			1,237,069
Remeasurement on lease modifications		-			-			-			(64,390	)
Recognition of warrant liabilities		(11,642,006	)		-			-			-
Initial recognition of derivative financial instruments		(2,796,131	)		(10,024,014	)		(842,181	)		-
Derecognition of derivative financial instruments		-			735,688			3,229,291			-
Issuance of convertible loan for settlement of bridge loan		-			18,960,000			(18,960,000	)		-
Conversion to Preference Shares		-			(29,381,027	)		-			-
Other non-cash transactions		-			(135,031	)		(385,500	)		-
Exchange realignment		-			-			-			(362	)
At December 31, 2022		8,745,192			-			-			785,687

2021	Convertible						Lease
	loan			Bridge loan			Liabilities
	US$			US$			US$
At January 1 2021		4,123,563			—			1,116,912
Changes from financing cash flows		—			13,150,000			(785,494	)
Interest paid classified as operating cash flows		—			—			(48,171	)
Non-cash transactions:
Initial recognition of derivative financial instruments		(544,327	)		(1,418,222	)		—
Finance costs accrued		715,029			936,937			48,171
Remeasurement on lease modifications		—			—			206,250
Other non-cash transactions		—			(394,500	)		—
Exchange realignment		—			—			(50,990	)
At 31 December 2021		4,294,265			12,274,215			486,678

(b) Total cash outflow for leases

The total cash outflow for leases included in the statements of cash flows is as follows:

	2023		2022		2021
	US$		US$		US$
Within operating activities		91,294		199,394		378,571
Within financing activities		730,908		873,308		785,494
		822,202		1,072,702		1,164,065