v3.25.1
Consolidated Statement of Financial Position - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 13,447,206 $ 7,718,655
Restricted bank balance 6,898,540 12,195,847
Trade accounts receivable 3,215,631 41,592
Inventories 357,007 412,743
Other receivable and prepayments 3,331,922 1,847,968
Total Current Assets 27,250,306 22,216,805
Non-Current Assets    
Restricted bank balance 8,500,000 8,500,000
Property, plant and equipment 447,625,968 449,453,242
Derivative financial instrument 2,260,336 5,610,000
Advances to contractor 204,000
Total Non-Current Assets 458,386,304 463,767,242
Total Assets 485,636,610 485,984,047
Current Liabilities    
Borrowings 149,296,134 160,496,134
Trade and accounts payables 38,515,886 40,253,609
Lease liabilities 9,183,475 9,003,395
Derivative warrant liability 314,188
Contract liabilities 4,208,137 2,539,404
Income tax payable 31,326
Other payable 135,285,479 130,000,000
Total Current Liabilities 336,520,437 342,606,730
Non-Current Liabilities    
Borrowings 990,335 1,386,469
Lease liabilities 84,553,172 82,987,919
Employees’ end of service benefits 172,669 112,133
Asset retirement obligation 2,194,590 2,124,299
Total Non-Current Liabilities 87,910,766 86,610,820
Equity    
Share capital 8,959 8,804
Share premium 101,777,058 101,777,058
Statutory reserve 680,643 680,643
(Accumulated losses) / Retained earnings (111,652,885) (116,091,795)
Shareholder’s account 70,391,632 70,391,787
Total Equity Attributable to the Shareholders 61,205,407 56,766,497
Total Liabilities and Equity $ 485,636,610 $ 485,984,047