v3.25.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,246,875) $ (2,652,776)
Adjustment for non-cash charges and other items:    
Depreciation and amortization 1,075,971 1,488,433
Interest accretion on liabilities 650,495 907,487
Liabilities written off on settlements with parties (179,139) (1,771)
Post-employment benefits 70,854 93,111
Income on deposits, advances and savings accounts (142,999) (222,669)
Exchange loss on liabilities 425,854 (216,710)
Changes in operating assets and liabilities:    
Stores and spares 10,105 (1,981)
Trade debts (284,888) 81,416
Loans and advances 234,691 (52,523)
Short term investment 10,773 0
Prepayments (62,614) (18,562)
Other receivables 290,768 (787,644)
Trade and other payables (135,797) 271,064
Increase / (Decrease) in non-current liabilities and assets:    
Long term deposits and payables 266,033 (466,194)
Other payables (235,901) 252,940
Long term loans and other assets 23,733 2,839,934
Post employment benefits paid 0 (19,121)
Income on deposit and savings accounts 142,999 222,669
Lease rental payments (67,902) (70,194)
Finance cost paid (210,933) (319,318)
Income tax paid (43,133) (92,383)
Net cash generated from operating activities (407,905) 1,235,205
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from disposal (Payment on purchase) of property and equipment - net (35,905) (88,094)
Net cash used in investing activities (35,905) (88,094)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term financing (112,584) (228,456)
Payment against directors' loan (94,785) 0
Net cash used in financing activities (207,369) (228,456)
Net increase in Cash and Cash Equivalents (651,179) 1,135,365
Cash and Cash Equivalent at the beginning of the Period 3,455,270 2,862,972
Exchange effect 575,994 (783,871)
Cash and Cash Equivalent at the End of the Period 3,380,085 2,997,754
SUPPLEMENTAL INFORMATION - Cash paid during the period for:    
Income taxes (43,133) (92,383)
Interest (210,933) (319,318)
The cash and cash equivalent, for cashflow statements, comprises of the following:    
Cash and cash equivalent 709,127 439,519
Restricted cash 2,670,958 2,558,235
Total Cash and cash equivalent $ 3,380,085 $ 2,997,754