v3.24.1.1.u2
Other Current Payables and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Other current payables and liabilities [abstract]  
Summary of Other current payables
Other payables as of December 31, 2023, and December 31, 2022, are as follows:
 
            (Unit: USD)  
Classification
   
As of
December 31,
2023
     
As of
December 31,
2022
  
Non-trade
Payables (*)
      25,324,072        4,132,680  
Accrued Expense
      1,518,801        1,558,085  
  
 
 
     
 
 
  
Total
      26,842,873        5,690,765  
  
 
 
     
 
 
  
 
(*)
As of December 31, 2023, the balance of
non-trade
payables primarily consists of USD 17,361,197 of legal and other professional fees incurred in preparation for and execution of the
De-SPAC
transaction, which are
non-recurring.
The Company has entered into deferred fee agreements (“DFA”) with numerous transaction advisors to spread payments over two years. The current balance represents 50% of the total deferred fee payables.
Summary of Other current liabilities
Other current liabilities as of December 31, 2023, and December 31, 2022, are as follows:
 
            (Unit: USD)  
Classification
   
As of
December 31,
2023
     
As of
December 31,
2022
  
Withholdings
      21,184        15,086  
Value added tax withheld
      207,310        208,186  
Advance Received
      746,417        576,299  
  
 
 
     
 
 
  
Total
      974,911        799,571