v3.25.1
Capital Management (Tables)
12 Months Ended
Dec. 31, 2024
Capital Management [Abstract]  
Schedule of Gearing Ratios

The gearing ratios at December 31, 2024 and 2023 were as follows:

 

   December 31,
2024
   December 31,
2023
 
Total borrowings  $21,418,016   $25,089,421 
Less: Cash and cash equivalents   (21,699,202)   (5,306,857)
Net (cash) / debt   (281,186)   19,782,564 
Total equity   73,103,853    54,151,733 
Total capital  $73,103,853   $73,934,297 
Gearing ratio   0%   27%