v3.24.3
Leases (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Presentation of leases for lessee [abstract]    
Summary of Changes in Right-of-Use Assets
Changes in
Right-of-Use
assets as of June 30, 2024 and December 31, 2023, are as follows:
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
(Unit: USD)
 
As of June 30, 2024
 
Classification
  
 
Beginning
 
  
 
Acquisition
 
  
 
Depreciation
 
 
 
Contract
termination
 
 
 
 
Loss from
translating
foreign
operations
 
 
 
 
 
 
Ending
 
Buildings
      158,962        18,193        (105,197 )      (30,813 )      (7,376 )      33,769  
Vehicles
      25,336        —         (18,034 )      —        (1,192 )      6,110  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Total
      184,298        18,193        (123,231 )      (30,813 )      (8,568 )      39,879  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
  
 
 
 
 
 
 
(Unit: USD)
 
As of December 31, 2023
 
Classification
  
Beginning
 
  
Acquisition
 
  
Depreciation
 
 
Change in
contract
 
  
Contract
termination
 
 
Loss from
translating
foreign
operations
 
 
Ending
 
Buildings
      104,083        276,290        (217,724 )      —         (1,589 )      (2,098 )      158,962  
Vehicles
      30,764        21,787        (26,398 )      —         —        (817 )      25,336  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total
      134,847        298,077        (244,122 )      —         (1,589 )      (2,915 )      184,298  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Changes in
 
Right-of-Use
 
assets as of December 31, 2023, and December 31, 2022, are as follows:
 
 
  
 
 
  
 
 
  
 
 
 
 
 
  
 
 
 
 
 
 
(Unit: USD)
 
As of December 31, 2023
 
Classification
  
Beginning
 
  
Acquisition
 
  
Depreciation
 
 
Change in
contract
 
  
Contract
termination
 
 
Loss from
translating
foreign
operations
 
 
Ending
 
Buildings
      104,083        276,290        (217,724 )      —         (1,589 )      (2,098 )      158,962  
Vehicles
      30,764        21,787        (26,398 )      —         —        (817 )      25,336  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total
      134,847        298,077        (244,122 )      —         (1,589 )      (2,915 )      184,298  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
 
                                            (Unit: USD)  
As of December 31, 2022
  
Classification
   
Beginning
     
Acquisition
     
Depreciation
    
Change in
contract
     
Contract
termination
    
Loss from
translating
foreign
operations
    
Ending
  
Buildings
      304,063        24,525        (202,977 )      6,612        (6,425 )      (21,715 )      104,083  
Vehicles
      55,480        —         (21,004 )      —         —        (3,712 )      30,764  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total
      359,543        24,525        (223,981 )      6,612        (6,425 )      (25,427 )      134,847  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Summary of Changes in Lease Liabilities
Changes in lease liabilities as of June 30, 2024 and December 31, 2023, are as follows:
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
 
(Unit: USD)
 
As of June 30, 2024
 
Classification
  
Beginning
 
  
Acquisition
 
  
Interest
 
  
Payments
 
 
Contract
termination
 
 
Loss from
transactin
g foreign
operations
 
 
Ending
 
Liabilities
      179,237        16,411        5,090        (124,384 )      (29,582 )      (8,323 )      38,449  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
  
 
 
 
(Unit: USD)
 
As of December 31, 2023
 
Classification
  
Beginning
 
  
Acquisition
 
  
Interest
 
  
Payments
 
 
Change in
contract
 
  
Contract
termination
 
 
Loss from
transacting
foreign
operations
 
 
Ending
 
Liabilities
      133,182        281,854        16,033        (247,419 )      —         (1,510 )      (2,903 )      179,237  
Amount recognized of profit or loss in relation to the lease is as follows:
Changes in lease liabilities as of December 31, 2023, and December 31, 2022, are as follows:
 
                                             (Unit: USD)  
As of December 31, 2023
  
Classification
   
Beginning
     
Acquisition
     
Interest
     
Payments
    
Change in
contract
     
Contract
termination
    
Loss from
transacting
foreign
operations
    
Ending
  
Liabilities
      133,182        281,854        16,033        (247,419 )      —         (1,510 )      (2,903 )      179,237  
 
                                             (Unit: USD)  
As of December 31, 2022
  
Classification
   
Beginning
     
Acquisition
     
Interest
     
Payments
    
Change in
contract
     
Contract
termination
    
Loss from
transacting
foreign
operations
    
Ending
  
Liabilities
      350,973        21,801        15,601        (231,156 )      6,305        (5,555 )      (24,787 )      133,182  
Schedule of Amounts Recognized in Net Profit or Loss
 
 
  
 
 
  
(Unit: USD)
 
Classification
  
For the six
months ended
June 30, 2024
 
  
For the six
months ended
June 30, 2023
 
Right-of-Use
assets
  
  
  
 
 
 
  
 
 
 
Buildings
      105,197        106,587  
Vehicles
      18,034        7,815  
  
 
 
     
 
 
  
Subtotal
      123,231        114,402  
Interest expense relating to lease liabilities
      5,090        6,301  
Expense relating to leases of low-value assets that are not short-term leases
      16,448        9,840  
Expense relating to short-term leases
      133,778        141,293  
Miscellaneous loss (profit)
      (1,121 )       (91 ) 
  
 
 
     
 
 
  
Subtotal
      154,195        157,343  
  
 
 
     
 
 
  
Total
      277,426        271,745  
  
 
 
     
 
 
  
Amount recognized of profit or loss in relation to the lease is as follows:
 
 
  
 
 
  
(Unit: USD)
 
Classification
  
For the year
ended 2023
 
  
For the year
ended 2022
 
  
 
 
 
  
 
 
 
Right-of-Use
assets
      
Buildings
      217,724        202,977  
Vehicles
      26,398        21,004  
Subtotal
      244,122        223,981  
Interest expense relating to lease liabilities
      16,033        15,601  
Expense relating to leases of
low-value
assets that are not short-term leases
      23,011        16,572  
Expense relating to short-term leases
      276,400        117,784  
Miscellaneous loss (profit)
      (90 )       (54 ) 
  
 
 
     
 
 
  
Subtotal
      315,354        149,903  
  
 
 
     
 
 
  
Total
      559,476        373,884  
Summary of Amounts Recognized in Consolidated Statements of Cash Flows
The total cash payments for leases for the six months ended June 30, 2024 and 2023, are as follows:
 
 
  
 
 
  
(Unit: USD)
 
Classification
  
For the six
months ended
June 30, 2024
 
  
For the six
months ended
June 30, 2023
 
Repayments of lease (Cash Flow)
      124,384        116,502  
Expense relating to leases of low-value assets that are not short-term leases
      16,448        9,840  
Expense relating to short-term leases
      133,778        141,293  
  
 
 
     
 
 
  
Total Cash payments for leases
      274,610        267,635  
  
 
 
     
 
 
  
The total cash payments for leases for the twelve months ended December 31, 2023, and 2022, are as follows:
 
            (Unit: USD)  
Classification
   
For the year
ended 2023
     
For the year
ended 2022
  
Repayments of lease (Cash Flow)
      247,419        231,156  
Expense relating to leases of
low-value
assets that are not short-term leases
      23,011        16,572  
Expense relating to short-term leases
      276,400        117,784  
  
 
 
     
 
 
  
Total Cash payments for leases
      546,830        365,512