v3.25.1
Changes in Liabilities from Financing Activities - Schedule of Changes in Liabilities from Financing Activities (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Schedule of Changes in Liabilities from Financing Activities [Line Items]      
Beginning balance $ 16,895,974 $ 39,565,520 $ 27,389,062
Cash inflow from financing activities 16,313,048 4,508,782 7,206,746
Cash outflow from financing activities (10,380,451) (3,930,688) (3,118,944)
Interest paid [1] (66,640) (42,419) (12,586)
Payment of contingent consideration [2]   (400,000) (300,000)
Gain Loss on valuation of financial liabilities at fair value through profit or loss 676,564 (5,480,914) 8,054,506
Preferred shares conversion   (26,911,070)  
Acquisition through business combinations 4,882,211 [3] 9,654,208 91,255
Changes in other non-cash items (2,370,544) [4],[5] 66,641 829,716
Effects of foreign currency exchange (1,288,554) (134,086) (574,235)
Ending balance 24,661,608 16,895,974 39,565,520
Short-Term Borrowings [Member]      
Schedule of Changes in Liabilities from Financing Activities [Line Items]      
Beginning balance 5,250,233 976,880 1,083,815
Cash inflow from financing activities 1,861,076 1,397,615 1,005,059
Cash outflow from financing activities (4,323,616) (320,718) (1,005,059)
Interest paid [1]
Payment of contingent consideration [2]  
Gain Loss on valuation of financial liabilities at fair value through profit or loss
Preferred shares conversion    
Acquisition through business combinations [3] 3,239,093
Changes in other non-cash items (1,402,583) [4],[5]
Effects of foreign currency exchange (309,206) (42,637) (106,935)
Ending balance 1,075,904 5,250,233 976,880
Financial Liabilities at Fair Value Through Profit or Loss [Member]      
Schedule of Changes in Liabilities from Financing Activities [Line Items]      
Beginning balance 60,664 32,853,324 22,454,885
Cash inflow from financing activities 6,475,471 2,199,999
Cash outflow from financing activities  
Interest paid [1] 0
Payment of contingent consideration [2]   (400,000) (300,000)
Gain Loss on valuation of financial liabilities at fair value through profit or loss 676,564 (5,480,914) 8,054,506
Preferred shares conversion   (26,911,070)  
Acquisition through business combinations 4,612,649 [3]
Changes in other non-cash items (2,522,580) [4],[5] 472,000
Effects of foreign currency exchange (2,681) (676) (28,066)
Ending balance 9,300,087 60,664 32,853,324
Long-Term Borrowings (Including Current Portion) [Member]      
Schedule of Changes in Liabilities from Financing Activities [Line Items]      
Beginning balance 5,492,681 5,024,999 3,031,264
Cash inflow from financing activities 7,857,361 3,083,996 4,001,688
Cash outflow from financing activities (5,055,675) (2,827,853) (1,739,984)
Interest paid [1]
Payment of contingent consideration [2]  
Gain Loss on valuation of financial liabilities at fair value through profit or loss
Preferred shares conversion    
Acquisition through business combinations 269,437 [3] 210,333 91,255
Changes in other non-cash items 902,583 [4],[5]
Effects of foreign currency exchange (435,192) 1,206 (359,224)
Ending balance 9,031,195 5,492,681 5,024,999
Lease Liabilities [Mmeber]      
Schedule of Changes in Liabilities from Financing Activities [Line Items]      
Beginning balance 5,960,789 710,317 819,098
Cash inflow from financing activities    
Cash outflow from financing activities (1,001,160) (782,117) (373,901)
Interest paid [1] (66,640) (42,419) (12,586)
Payment of contingent consideration [2]  
Gain Loss on valuation of financial liabilities at fair value through profit or loss
Preferred shares conversion    
Acquisition through business combinations [3] 6,098,825
Changes in other non-cash items 652,036 [4],[5] 66,641 357,716
Effects of foreign currency exchange (541,472) (90,458) (80,010)
Ending balance 5,003,553 5,960,789 710,317
Guarantee deposits (shown as other non-current liabilities) [Member]      
Schedule of Changes in Liabilities from Financing Activities [Line Items]      
Beginning balance 131,607  
Cash inflow from financing activities 119,140 27,171  
Cash outflow from financing activities  
Interest paid [1]  
Payment of contingent consideration [2]    
Gain Loss on valuation of financial liabilities at fair value through profit or loss  
Preferred shares conversion    
Acquisition through business combinations 125 [3] 105,957  
Changes in other non-cash items [4],[5]  
Effects of foreign currency exchange (3) (1,521)  
Ending balance $ 250,869 $ 131,607
[1] presented in cashflows from operating activities.
[2] presented in cashflows from investing activities.
[3] financial liabilities at fair value through profit or loss that were acquired through business combination in 2024 includes Green Quest acquisition contingent consideration ($1,440,519) and the 2024 Sponsor Promissory Notes ($2,562,102) and warrants ($610,028) that were issued related to the Merger with Blue Ocean.
[4] Changes in other non-cash items for financial liabilities at fair value through profit or loss is due to convertibles notes that were converted into the Company’s ordinary shares during the period.
[5] Changes in other non-cash items for short-term borrowings include reclassification of short-term borrowing to long-term borrowing ($3,022,580) due to contract extension and termination of short-term borrowing excluding accumulated interest ($500,000) in exchange for convertible promissory notes.