v3.25.1
Consolidated Statements of Shareholders' Equity - USD ($)
Total
Share Capital Common shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning Balance, Shares at Dec. 31, 2021   96      
Beginning Balance at Dec. 31, 2021 $ 3,901,337   $ 2,225,265 $ 1,676,072  
Net income for the year 16,180,949       $ 16,180,949
Capital contributions 2,000,000   2,000,000    
Foreign currency translation (292,218)     (292,218)  
Ending Balance, Shares at Dec. 31, 2022   96      
Ending Balance at Dec. 31, 2022 21,790,068   4,225,265 1,383,854 16,180,949
Net income for the year 19,554,198       19,554,198
Dividends declared and paid (distributions of $260,417 per common share) (Note 8) (25,000,000)       (25,000,000)
Foreign currency translation 66,109     66,109  
Ending Balance, Shares at Dec. 31, 2023   96      
Ending Balance at Dec. 31, 2023 16,410,375   4,225,265 1,449,963 10,735,147
Net income for the year 1,913,451       1,913,451
Foreign currency translation (108,416)     (108,416)  
Ending Balance, Shares at Dec. 31, 2024   96      
Ending Balance at Dec. 31, 2024 18,215,410   4,225,265 1,341,547 12,648,598
Ending Balance, Shares at Dec. 31, 2024   96      
Ending Balance at Dec. 31, 2024 $ 18,215,410   $ 4,225,265 $ 1,341,547 $ 12,648,598