| Schedule of Carrying Value of Financial Instruments |
The
carrying value of financial instruments category as of March 31, 2025 and December 31, 2024
are as follows:
| | |
March 31, 2025 | |
| Fianancial
assets: | |
Financial assets at
amortized cost | | |
Financial
assets at
fair value | | |
Financial liabilities at
amortized cost | | |
Total | |
| Cash and cash equivalents | |
$ | 1,595,697 | | |
$ | - | | |
$ | - | | |
$ | 1,595,697 | |
| Trade and other receivables | |
| 799,537 | | |
| - | | |
| - | | |
| 799,537 | |
| Other current financial assets | |
| 54,552 | | |
| - | | |
| - | | |
| 54,552 | |
| Other non-current financial assets | |
| 349,964 | | |
| - | | |
| - | | |
| 349,964 | |
| | |
| | | |
| | | |
| | | |
| | |
| Fianancial liabilities: | |
| | | |
| | | |
| | | |
| | |
| Trade and other payables | |
| - | | |
| - | | |
| 7,296,793 | | |
| 7,296,793 | |
| Accrued expenses | |
| - | | |
| - | | |
| 726,325 | | |
| 726,325 | |
| Current financial liabilities | |
| - | | |
| - | | |
| 4,457,657 | | |
| 4,457,657 | |
| Non-current financial liabilities | |
| - | | |
| - | | |
| 253,042 | | |
| 253,042 | |
| | |
December 31, 2024 | |
| Fianancial assets: | |
Financial assets at
amortized cost | | |
Financial
assets at
fair value | | |
Financial liabilities at
amortized cost | | |
Total | |
| Cash and cash equivalents | |
$ | 341,543 | | |
$ | - | | |
$ | - | | |
$ | 341,543 | |
| Trade and other receivables | |
| 933,824 | | |
| - | | |
| - | | |
| 933,824 | |
| Other current financial assets | |
| 54,422 | | |
| - | | |
| - | | |
| 54,422 | |
| Other non-current financial assets | |
| 329,252 | | |
| - | | |
| - | | |
| 329,252 | |
| Fianancial liabilities: | |
| | | |
| | | |
| | | |
| | |
| Trade and other payables | |
| - | | |
| - | | |
| 1,078,760 | | |
| 1,078,760 | |
| Accrued expenses | |
| - | | |
| - | | |
| 459,883 | | |
| 459,883 | |
| Borrowings | |
| - | | |
| - | | |
| 2,297,411 | | |
| 2,297,411 | |
|
| Schedule of Net gains or Losses by Financial Instrument |
Net
gains or losses by financial instrument category for the three-months ended March 31, 2025 and 2024 are as follows:
| | |
For the
three-month ended March 31, 2025 | | |
For the
three-month ended March 31, 2024 | |
| Amortized cost: | |
| | |
| |
| Interest income | |
$ | 4,318 | | |
$ | 5,526 | |
| Foreign exchange gains | |
| 491 | | |
| 11,726 | |
| Gains on foreign currency translation | |
| 18,582 | | |
| 12,619 | |
| Interest expense | |
| (16,399 | ) | |
| (13,545 | ) |
| Losses on foreign currrency transaction | |
| (9,274 | ) | |
| (20,695 | ) |
| Losses on foreign currrency translation | |
| (15,507 | ) | |
| (47,391 | ) |
|