| General and Administration Expenses |
| 8 | General and Administration Expenses |
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Legal and professional | |
| 9,910,704 | | |
| 6,795,869 | |
| Sales and marketing | |
| 3,125,116 | | |
| 3,855,029 | |
| Employees’ cost | |
| 2,957,573 | | |
| 2,741,321 | |
| Legal settlement* | |
| 2,041,928 | | |
| Nil | |
| Write-off of other receivables (Note 11) | |
| 272,257 | | |
| Nil | |
| Board fees and expenses | |
| 243,750 | | |
| 392,448 | |
| Office expenses | |
| 235,284 | | |
| 203,098 | |
| Insurance | |
| 189,568 | | |
| 895,157 | |
| Rent | |
| 13,651 | | |
| 2,836 | |
| (Reversal) / provision of expected credit loss on trade accounts receivables (Note 11) | |
| (3,162,470 | ) | |
| 18,202,132 | |
| Write-off of advances to contractor (Note 14) | |
| Nil | | |
| 15,006,262 | |
| SEC settlement charges (Note 16) | |
| Nil | | |
| 5,000,000 | |
| Write-off of trade accounts receivables (Note 11) | |
| Nil | | |
| 927,519 | |
| Others | |
| 47,550 | | |
| 54,015 | |
| | |
| 15,874,911 | | |
| 54,075,686 | |
| * | During 2024, the Company was unable to provide the allocated
storage capacity by the agreed-upon date due to delays from another customer in taking his product. This resulted in a claim of USD 2,041,928,
which was settled under a Settlement Agreement. This expense reflects the Company’s commitment to resolving operational challenges
and maintaining strong customer relationships. |
|