v3.24.3
Summary of Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Disclosure of voluntary change in accounting policy [abstract]    
Estimated Useful Lives of Assets
 
Items
  
Estimated
useful lives
(years)
 
Buildings and structures
     40  
Machinery
     10  
Others
     5  
Estimated useful lives of the assets are as follows:
 
Items
  
Estimated
useful lives

(years)
 
Buildings and structures
     40  
Machinery
     10  
Others
     5  
Information by revenue categories
Revenue: The Company consists of a single operating segment.
 
            (Unit: USD)  
Classification
  
For the six
months ended
June 30, 2024
    
For the six
months ended
June 30, 2023
 
Product
     10,814,451        11,239,035  
Service
     4,500,910        563,145  
Distribution right (*)
     —         760,000  
  
 
 
    
 
 
 
Total
     15,315,361        12,562,180  
  
 
 
    
 
 
 
 
(*)
On March 27, 2023, Captivision Korea and GLAAM Malaysia Sdn. Bhd made an exclusive distribution and license agreement. Per the agreement, in consideration for the exclusive territorial distribution rights and license granted, GLAAM Malaysia Sdn. Bhd paid a royalty payment of total USD 760,000.
Revenue: The Company consists of a single operating segment.
 
                   (Unit: USD)  
Classification
  
For the year
ended 2023
    
For the year
ended 2022
    
For the year
ended 2021
 
Product
     12,276,442        12,984,977        8,096,808  
Merchandise
     —         3,309,138        662,960  
Service
     1,600,321        3,897,820        606,448  
Rent
     —         —         48,903  
Distribution right (*)
     760,000        
  
 
 
    
 
 
    
 
 
 
Total
     14,636,763        20,191,935        9,415,119  
  
 
 
    
 
 
    
 
 
 
 
(*)
On March 27, 2023, Captivision Korea and GLAAM Malaysia Sdn. Bhd made an exclusive distribution and license agreement. Per the agreement, in consideration for the exclusive territorial distribution rights and license granted to, GLAAM Malaysia Sdn. Bhd paid a royalty payment of total USD 760,000.