v3.24.1.1.u2
Pension and Other Employee Obligations (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of performance obligations [abstract]  
Schedule of Net Defined Benefit Obligation
Defined benefit 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
  
Present value of defined benefit obligations
      1,942,451        1,459,979  
Fair value of plan assets
      (116,768 )       (118,121 ) 
  
 
 
     
 
 
  
Net defined benefit obligations
      1,825,683        1,341,858  
  
 
 
     
 
 
  
Schedule of Changes in the Defined Benefit Obligation and Planned Assets
The details of changes in the defined benefit obligation are as follows:
 
            (Unit: USD)  
Classification
   
As of

December 31,

2023
     
As of

December 31,

2022
  
Beginning
      1,459,979        1,174,807  
Current service cost
      394,636        286,420  
Re-measurement
element
      
- Actuarial gain due to changes in financial assumptions
      279,938        360,625  
Payment made
      (157,519 )       (293,684 ) 
Foreign currency translation differences for foreign operations
      (34,583 )       (68,189 ) 
  
 
 
     
 
 
  
Ending
      1,942,451        1,459,979  
  
 
 
     
 
 
  
The details of changes in the planned assets are as follows:
 
            (Unit: USD)  
Classification
   
As of
December 31,

2023
     
As of
December 31,

2022
  
Beginning
      118,121        123,845  
Re-measurement
Element
      
- Gain from plan assets
      6,455        3,287  
- Actuarial gain due to changes in financial assumptions
      (4,894 )       (1,919 ) 
Foreign currency translation differences for foreign operations
      (2,914 )       (7,092 ) 
  
 
 
     
 
 
  
Ending
      116,768        118,121  
  
 
 
     
 
 
  
Schedule of Composition of Planned Assets
The details of the composition of planned assets are as follows:
 
            (Unit: USD)  
Classification
   
As of
December 31,

2023
     
As of
December 31,

2022
  
Deposit
      116,768        118,121  
Summary of Major Actuarial Assumptions
The details of major actuarial assumptions are as follows:
 
           (Unit: USD)  
Classification
   
As of

December 31,

2023
    
As of

December 31,

2022
  
Expected salary increase rate
   
 
4,50
% 
  
 
4,50
% 
Discount rate
   
 
4.32
% 
  
 
5.18
%