v3.25.2
Share capital
12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
Share capital

 

16 Share capital

                                    
   2024   2023    2022    2024   2023    2022  
   Number   Number      Number              

Ordinary share capital Authorised

Par value of €.01

   100,000,000    100,000,000      100,000,000     1,000,000    1,000,000      1,000,000  
                                     

Issued and fully paid

Par value of €.01

   25,000,000    20,000,000      12,258,458     250,000    200,000      122,585  

 

 

Shares Issued and Fully Paid  2024   2023    2022  
                 
As of January 1,   20,000,000    12,258,458       
Additions   5,000,000    7,741,542      12,258,458  
As of December 31,   25,000,000    20,000,000      12,258,458  

 

On November 29, 2022, the Company was formed with an initial issuance of 12,258,458 shares of stock at € .01 par value for a total of € 122,585.

 

During the year ended 2023, the Company exchanged the outstanding 12,258,458 shares of stock in exchange for the purchase of intangible assets valued at € 65,000,000 and issued an additional 7,741,542 shares of stock at € .01 par value for a total of € 77,415.

 

During the year ended 2024, the Company issued 4,401,800 shares of stock to various creditors and shareholders in exchange of amounts due to them of € 919,663 and issued 598,246 shares of stock to its officers in exchange for amounts due to them of € 5,600,000.