Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Business Combinations - Additional Information (Details)

v3.22.2
Business Combinations - Additional Information (Details)
 12 Months Ended
May 17, 2021
USD ($)
Tranche
Feb. 28, 2022
USD ($)
Jun. 24, 2022
USD ($)
Disclosure Of Business Combinations [Line Items]      
Earn-out consideration, subject to achievement of certain revenue milestones $ 3,189,972    
Risk adjusted discount rate   15.00%  
Revised Terms of Earn-out      
Disclosure Of Business Combinations [Line Items]      
Earn-out consideration, subject to achievement of certain revenue milestones     $ 2,000,000
IB Holdings Limited      
Disclosure Of Business Combinations [Line Items]      
Proportion of ownership interest in subsidiary 99.00%    
Invoice Bazaar Forfaiting Services LLC      
Disclosure Of Business Combinations [Line Items]      
Proportion of ownership interest in subsidiary 49.00%    
Invoice Bazaar      
Disclosure Of Business Combinations [Line Items]      
Consideration transferred, acquisition-date fair value $ 7,189,972    
Initial cash payment 4,000,000    
Deferred cash consideration 2,000,000.0    
Earn-out consideration, subject to achievement of certain revenue milestones $ 2,000,000    
Number of tranches | Tranche 2    
Description of changes in earn-out payable condition   The Purchase Agreement was amended in June 2022 to replace the revenue milestones established in clause (iii) of the preceding sentence, with new milestones relating to recurring revenue from assets deployed or fees collected, origination of new customers, origination of deals, and signing of distribution partnerships with financial institutions related to the remaining $2.0 million in earn-out amount payable by the Group to the sellers of Invoice Bazaar.  
Description of basis for determining amount of payment for contingent consideration arrangements and indemnification assets   Group has agreed to pay the selling shareholders in 2 years’ time additional consideration of up to US$2,000,000 if the acquiree’s cumulative revenue over the next 2 years exceeds certain revenue milestones. S$1,000,000 will be paid on the completion of the first and second year when the acquiree achieved a cumulative revenue of US$800,000 for each respective year. The earn-out of US$2,000,000 will be paid when the acquiree achieved cumulative revenue of US$10,000,000 within the next 2 years.  
Gross contractual amounts due $ 159,456    
Goodwill expected to be deductible for income tax purposes 0    
Amortization expense related to intangible assets   $ 319,907  
Acquisition related expenses recorded in general and administrative expenses   227,067  
Revenue of acquiree since acquisition date   22,697,061  
Profit (loss) of acquiree since acquisition date   $ 2,328,368  
Invoice Bazaar | Top of range [member]      
Disclosure Of Business Combinations [Line Items]      
Consideration transferred, acquisition-date fair value 8,000,000.0    
Earn-out consideration, subject to achievement of certain revenue milestones 2,000,000.0    
Additional consideration agreed to pay the selling shareholders 2,000,000    
Invoice Bazaar | Payable on First and Second Anniversary or the Achievement of Cumulative Revenue Milestones      
Disclosure Of Business Combinations [Line Items]      
Deferred cash consideration 1,000,000.0    
Invoice Bazaar | Completion of First and Second Year      
Disclosure Of Business Combinations [Line Items]      
Earn-out consideration, subject to achievement of certain revenue milestones 1,000,000    
Cumulative revenue 800,000    
Invoice Bazaar | Within Next 2 Years      
Disclosure Of Business Combinations [Line Items]      
Earn-out consideration, subject to achievement of certain revenue milestones 2,000,000    
Cumulative revenue $ 10,000,000