| Schedule of Other Income |
Other income
| | |
2025 | | |
2024 | | |
2023 | |
| | |
USD | | |
USD | | |
USD | |
| Government grant income* | |
| 696,161 | | |
| 852,843 | | |
| 1,207,154 | |
| Other operating income** | |
| 378,422 | | |
| 544,080 | | |
| 455,943 | |
| Others | |
| 95,135 | | |
| 303,589 | | |
| 167,802 | |
| Total
other income | |
| 1,169,718 | | |
| 1,700,512 | | |
| 1,830,899 | |
| * | Government grant income in FY2025 was provided by Singapore Government mainly through the Progressive Wage Credit Scheme and Enabling Employment Credit. |
| ** | Other operating income was related to a license grant fee charge to YY Circle (Thailand) Ltd and YY Circle (HK) Pte Ltd, which are unrelated parties with the Company. |
|
| Schedule of Total Cost of Revenue, Selling and Marketing Expenses, General and Administrative Expenses |
Total
cost of revenue, selling and marketing expenses, general and administrative expenses include expenses of the following nature:
| | |
2025 | | |
2024 | | |
2023 | |
| | |
USD | | |
USD | | |
USD | |
| Advertisement and promotions | |
| 579,170 | | |
| 328,586 | | |
| 191,582 | |
| Agent fee | |
| 2,080,000 | | |
| - | | |
| - | |
| Allowance for impairment loss on receivables | |
| 756,241 | | |
| - | | |
| - | |
| Amortization and depreciation | |
| 934,211 | | |
| 371,517 | | |
| 288,557 | |
| Legal and professional fee | |
| 1,676,481 | | |
| 603,411 | | |
| 584,145 | |
| Office expenses | |
| 1,179,440 | | |
| 327,733 | | |
| 216,332 | |
| Rental of equipment and others | |
| 247,363 | | |
| 277,005 | | |
| 292,897 | |
| Staff expenses and wages | |
| 46,959,174 | | |
| 34,215,044 | | |
| 27,172,767 | |
| Share-based compensation | |
| 6,650,179 | | |
| 5,158,990 | | |
| - | |
| Transportation | |
| 140,098 | | |
| 86,561 | | |
| 90,737 | |
| Insurance expenses | |
| 277,795 | | |
| 187,111 | | |
| 237,097 | |
| Impairment loss on net investment | |
| 307,732 | | |
| - | | |
| - | |
| Other operating expenses | |
| 9,970,620 | | |
| 5,388,898 | | |
| 3,084,341 | |
| Total
cost of revenue, selling and marketing expenses, general and administrative expenses | |
| 71,758,504 | | |
| 46,944,856 | | |
| 32,158,455 | |
|