v3.25.1
Trade and Accounts Payables
 12 Months Ended
Dec. 31, 2024
Trade and Accounts Payables [Abstract]  
Trade and Accounts Payables
16Trade and Accounts Payables

 

   2024   2023 
         
Trade accounts payable   23,470,268    24,266,237 
Capital accruals   5,615,601    5,615,601 
Accrued interest on borrowings   3,469,162    3,519,648 
Accrued expenses   5,239,291    1,512,726 
VAT payable   721,564    339,397 
SEC settlement obligation (Note 18)   Nil    5,000,000 
    38,515,886    40,253,609 

 

Trade and accounts payables (excluding accrued interest on borrowings) are non-interest bearing and are normally settled on 60-day terms.

 

On January 3, 2024, the Group paid a penalty liability of USD 5,000,000 related to SEC settlement obligation (Note 18).