Financial Instruments by Categories (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Disclosure of detailed information about financial instruments [abstract]

Summary of the Financial Instruments

Financial Instruments as of June 30, 2024, by c

egories a

as follows:


							(Unit: USD)
	As of June 30, 2024
Assets in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Cash and cash equivalents		667,288		—		—		667,288
Trade receivables		9,422,256		—		—		9,422,256
Other current financial assets		53,338		—		—		53,338
Long-term trade receivables		870,733		—		—		870,733
Non-current financial assets		—		—		101,080		101,080
Lease deposits		160,973		—		—		160,973
Other deposits		—		—		—		—

Total		11,174,588		—		101,080		11,275,668


							(Unit: USD)
	As of June 30, 2024
Liabilities in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Trade payables		6,755,249		—		—		6,755,249
Short-term borrowings		13,382,311		—		—		13,382,311
Convertible Bonds ()(*)		4,289,064		—		—		4,289,064
Current portion of long-term borrowings		1,228,701		—		—		1,228,701
Current portion of lease liabilities		31,634		—		—		31,634
Long-term borrowings		5,218,481		—		—		5,218,481
Derivative warrant liabilities		—		1,940,138		—		1,940,138
Long-term lease liabilities		6,815		—		—		6,815

Total		30,912,255		1,940,138		—		32,852,393

(*)

On July 16, 2024, the Company and Captivision Korea entered into contribution agreements with Joon Soo Jeon and Daesun, Inc. According to the contribution agreements, Joon Soo Jeon and Daesun, Inc. agreed to contribute the outstanding balances remaining under the CB agreements made with Captivision Korea to the Company in exchange for the issuance by the Company of its ordinary shares, par value USD

0.0001 per share in a debt-to-equity conversion transaction. A conversion price is USD 3.00 per share.

(**)

In 2024, Captivision, Inc. entered into two subscription agreem

ents

, issuing convertible promissory notes totaling USD 1,250,000 on February 16 and USD 1,175,000 on April 16, respectively. The notes mature in one year from the issuance date, has no interest, and do not require mandatory payments before maturity. They are convertible into the Company’s ordinary shares based on the predetermined conversion price of USD 6.21 and USD 5.03 per share, respectively. These issuances rely on the private offering exemption under the U.S. Securities Act of 9133. Conversion will take place once the securities registration is approved in Korea.

Financial Instruments as of December 31, 2023, by categories are as follows:


							(Unit: USD)
	As of December 31, 2023
Assets in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Cash and cash equivalents		476,715		—		—		476,715
Trade receivables		4,176,766		—		—		4,176,766
Other current financial assets		73,284		—		—		73,284
Non-current financial assets		—		—		107,862		107,862
Lease deposits		186,573		—		—		186,573
Other deposits		—		—		—		—

Total		4,913,338		107,862		—		5,021,200


							(Unit: USD)
	As of December 31, 2023
Liabilities in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Trade payables		6,220,562		—		—		6,220,562
Short-term borrowings		13,511,319		—		—		13,511,319
Convertible Bonds (*)		1,961,792		—		—		1,961,792
Current portion of long-term borrowings		1,620,136		—		—		1,620,136
Current portion of lease liabilities		165,294		—		—		165,294
Long-term borrowings		4,864,373		—		—		4,864,373
Derivative warrant liabilities		—		2,018,349		—		2,018,349
Long-term lease liabilities		13,943		—		—		13,943

Total		28,357,419		—		2,018,349		30,375,768

(*)

On March 23, 2023, the Company issued a convertible bond (“CB”) to Charm Savings Bank in an aggregate principal amount of USD 1,931,203, equivalent to KRW 2,500,000,000. The CB accrues interest at an annual rate of 10% and is due to mature on March 23, 2024. On August 21, 2023, Charm Savings Bank and Bluming Innovation Co., Ltd (“Purchaser”) executed a convertible bond purchase agreement for the sale and transfer of a convertible bond with an aggregate principal amount of USD 1,931,203, equivalent to KRW 2,500,000,000 to the Purchaser. Joon Soo Jeon and Daesun, Inc. purchased CB from Bluming Innovation for amounts of USD 1,004,226, equivalent to KRW 1,300,000,000 and USD 926,977, equivalent to KRW 1,200,000,000 on February 19 and April 1, 2024, respectively.

Financial Instruments as of December 31, 2023, by categories are as follows:


							(Unit: USD)
	As of December 31, 2023
Assets in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total

Cash and cash equivalents		476,715		—		—		476,715
Trade receivables		4,176,766		—		—		4,176,766
Other current financial assets		73,284		—		—		73,284
Non-current financial assets		—		107,862		—		107,862
Lease deposits		186,573		—		—		186,573
Other deposits		—		—		—		—

Total		4,913,338		107,862		—		5,021,200


							(Unit: USD)
	As of December 31, 2023
Liabilities in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Trade payables		6,220,562		—		—		6,220,562
Short-term borrowings		13,511,319		—		—		13,511,319
Convertible Bonds(*)		1,961,792		—		—		1,961,792
Current portion of long-term borrowings		1,620,136		—		—		1,620,136
Current portion of lease liabilities		165,294		—		—		165,294
Long-term borrowings		4,864,373		—		—		4,864,373
Derivative warrant liabilities		—		—		2,018,349		2,018,349
Long-term lease liabilities		13,943		—		—		13,943

Total		28,357,419		—		2,018,349		30,375,768

(*)	On March 23, 2023, the Company issued a convertible bond (“CB”) to Charm Savings Bank in an aggregate principal amount of $1,931,203, equivalent to KRW 2,500,000,000. The CB accrues interest at an annual rate of 10% and is due to mature on March 23, 2024.

Financial Instruments as of December 31, 2022, by categories are as follows:


							(Unit: USD)
	As of December 31, 2022
Assets in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Cash and cash equivalents		196,627		—		—		196,627
Trade receivables		697,999		—		—		697,999
Other current financial assets		1,035,930		—		—		1,035,930
Non-current financial assets		—		107,890		—		107,890
Lease deposits		207,825		—		—		207,825
Other deposits		4,307,756		—		—		4,307,756

Total		6,446,137		107,890		—		6,554,027


							(Unit: USD)
	As of December 31, 2022
Liabilities in Financial Position	Financial assets at amortized cost		Financial assets at fair value through profit and loss		Others		Total
Trade payables		7,184,181		—		—		7,184,181
Short-term borrowings		11,863,506		—		—		11,863,506
Current portion of long-term borrowings		2,001,142		—		—		2,001,142
Current portion of lease liabilities		108,488		—		—		108,488
Long-term borrowings		4,741,358		—		—		4,741,358
Leasehold deposit received		69,836		—		—		69,836
Long-term lease liabilities		24,694		—		—		24,694

Total		25,993,205		—		—		25,993,205