v3.25.2
Capital Surplus (Tables)
 12 Months Ended
Dec. 31, 2024
Capital Surplus [Abstract]  
Schedule of Capital Surplus Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.
 

2022
   

Share
premium

  

Employee
stock
options

  

Employee
stock
options-
expired

  

Changes in
ownership
interest in
subsidiaries

  

Total

January 1

  

$

5,998,682

  

$

109,305

  

$

6,997

  

$

47,173

  

$

6,162,157

From share of changes in equities of subsidiaries

  

 

—

  

 

—

  

 

—

  

 

88,455

  

 

88,455

Share-based payments

  

 

—

  

 

237,301

  

 

—

  

 

—

  

 

237,301

December 31

  

$

5,998,682

  

$

346,606

  

$

6,997

  

$

135,628

  

$

6,487,913
 

2023
   

Share
premium

  

Employee
stock
options

  

Employee
stock
options-
expired

  

Changes in
ownership
interest in
subsidiaries

  

Total

January 1

  

$

5,998,682

  

$

346,606

 

  

$

6,997

  

$

135,628

  

$

6,487,913

Issuance of ordinary shares

  

 

600,952

  

 

—

 

  

 

—

  

 

—

  

 

600,952

Preferred shares conversion

  

 

26,907,495

  

 

—

 

  

 

—

  

 

—

  

 

26,907,495

Acquisition of subsidiaries

  

 

70,619,903

  

 

—

 

  

 

—

  

 

—

  

 

70,619,903

Changes in non-controlling interests

  

 

—

  

 

—

 

  

 

—

  

 

708,719

  

 

708,719

Share-based payments

  

 

162,029

  

 

118,800

 

  

 

—

  

 

—

  

 

280,829

Employee stock options exercised

  

 

62,923

  

 

(62,923

)

  

 

—

  

 

—

  

 

—

Employee stock options forfeited

  

 

—

  

 

(1,482

)

  

 

1,482

  

 

—

  

 

—

December 31

  

$

104,351,984

  

$

401,001

 

  

$

8,479

  

$

844,347

  

$

105,605,811
 

2024
   

Share
premium

  

Employee
stock
options

  

Employee
stock
options-
expired

  

Restricted
stocks

  

Changes in
ownership
interest in
subsidiaries

  

Total

January 1

  

$

104,351,984

  

$

401,001

 

  

$

8,479

  

$

—

  

$

844,347

  

$

105,605,811

Share-based payments

  

 

22,884

  

 

212,374

 

  

 

—

  

 

—

  

 

—

  

 

235,258

Employee stock options
exercised

  

 

6,091

  

 

(6,091

)

  

 

—

  

 

—

  

 

—

  

 

—

Employee stock options forfeited

  

 

—

  

 

(16,942

)

  

 

16,942

  

 

—

  

 

—

  

 

—

Restricted stocks

  

 

—

  

 

—

 

  

 

—

  

 

147,816

  

 

—

  

 

147,816

Issuance of ordinary shares, net of issuance costs (Note 1)

  

 

45,060,227

  

 

—

 

  

 

—

  

 

—

  

 

—

  

 

45,060,227

Reverse share split as part of the recapitalization

  

 

19,489

  

 

—

 

  

 

—

  

 

—

  

 

—

  

 

19,489

Commitment shares (Note 2)

  

 

450,000

  

 

—

 

  

 

—

  

 

—

  

 

—

  

 

450,000

Acquisition of subsidiaries (Note 3)

  

 

3,184,536

  

 

—

 

  

 

—

  

 

—

  

 

—

  

 

3,184,536

December 31

  

$

153,095,211

  

$

590,342

 

  

$

25,421

  

$

147,816

  

$

844,347

  

$

154,703,137

Note 1:    In connection with the Recapitalization, the Company recognized capital surplus of $45,060,227 due to issuance of ordinary shares. Please refer to Note 19 for details.

Note 2:    On November 25, 2024, the Company entered an Agreement with Tumim (the “Tumim ELOC SPA”) and became obligated to issue a number of the Company’s ordinary shares (the “Commitment Shares”) to Tumim as consideration for its irrevocable commitment for the equity line of credit. The Commitment Shares amounted to $450,000 was accounted under IFRS 2 in capital surplus. Please refer to Note 19 j) for details.

Note 3:    In connection with the acquisition of Green Quest, the Company recognized capital surplus of $3,184,536 for the purchase price consideration. Please refer to Note 32 for details.