37 results
20-F
2023 FY
WBUY
Webuy Global Ltd
15 Apr 24
Annual report (foreign)
4:30pm
At December 31, 2023 and 2022, leasehold improvements and equipment consisted of the following:
As of December 31, | ||||||||
2023 | 2022 | |||||||
Motor vehicles | $ | 465,111 | $ | 458,318 | ||||
Office equipment | 26,462 | 10,892 | ||||||
Furniture and fittings | 17,826 | 5,439 | ||||||
Computer | 43,949 | 42,225 | ||||||
Warehouse equipment | 111,397 | 97,314 | ||||||
Machinery equipment | 2,699 | — | ||||||
Leasehold improvements | 671,539 | 78,675 | ||||||
1,338,983 | 692,863 | |||||||
Accumulated depreciation | (442,444) | (269,230) | ||||||
Leasehold improvements and equipment, net of accumulated depreciation | $ | 896,539 | $ | 423,633 |
20-F
2023 FY
WBUY
Webuy Global Ltd
15 Apr 24
Annual report (foreign)
4:30pm
The components of the deferred tax assets are as follows:
As of December 31, | ||||||||
2023 | 2022 | |||||||
Tax loss carry forwards | $ | 10,358,050 | $ | 4,348,685 | ||||
Deferred tax assets | 1,760,869 | 1,408,101 | ||||||
Valuation allowance | (1,760,869) | (1,408,101) | ||||||
Total deferred tax assets, net | $ | — | $ | — |
20-F
2023 FY
WBUY
Webuy Global Ltd
15 Apr 24
Annual report (foreign)
4:30pm
2023 | 2022 | 2021 | ||||||||||
Beginning of the years January 1 | $ | 25,336 | $ | 68,786 | $ | 7,783 | ||||||
Advances for operation and administration expenses | — | 13,724 | 1,671,801 | |||||||||
Exchange difference | 593 | — | — | |||||||||
Payments made to a director | 25,929 | (25,009) | (1,610,798) | |||||||||
Reversal of a related party payable due to disposal of a subsidiary | — | (32,165) | — | |||||||||
Years ended December 31 | $ | 25,929 | $ | 25,336 | $ | 68,786 |
20-F
2023 FY
WBUY
Webuy Global Ltd
15 Apr 24
Annual report (foreign)
4:30pm
Information pertaining to lease amounts recognized in our consolidated financial statements is summarized as follows:
As of December 31, | ||||||||
2023 | 2022 | |||||||
Leasehold buildings | $ | 3,648,367 | $ | 483,401 | ||||
Accumulated amortization | (957,846) | (440,689) | ||||||
ROU assets, net of accumulated amortization | $ | 2,690,521 | $ | 42,712 |
20-F
2023 FY
WBUY
Webuy Global Ltd
15 Apr 24
Annual report (foreign)
4:30pm
As of December 31, 2023 and 2022, the weighted-average discount rate for operating leases was 6.0% and 5.0%, respectively.
Operating leases | ||||
Years Ended December 31, | ||||
2024 | $ | 854,888 | ||
2025 | 768,781 | |||
2026 | 703,306 | |||
2027 | 717,507 | |||
2028 | 215,252 | |||
Total operating lease payment | 3,259,734 | |||
Less: Imputed interest | (356,228) | |||
Present value of operating lease liabilities | 2,903,506 | |||
Operating lease liabilities – current | $ | 708,953 | ||
Operating lease liabilities – non-current | $ | 2,194,553 |
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm
20-F
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15 Apr 24
Annual report (foreign)
4:30pm