CURRENT LIABILITIES (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Other Liabilities Disclosure [Abstract] |
|
| SCHEDULE OF ACCOUNTS PAYABLE |
SCHEDULE OF ACCOUNTS PAYABLE
| Accounts Payable Ageing | |
June
30, 2025 | | |
December
31, 2024 | |
| 1-30 days | |
| 233,865 | | |
| 710,438 | |
| 31-60 days | |
| 40,094 | | |
| 272,627 | |
| 61-90 days | |
| 77,507 | | |
| 169,515 | |
| +90 days | |
| 1,073,288 | | |
| 964,296 | |
| Total | |
| 1,424,754 | | |
| 2,116,876 | |
| Accounts
Payable | |
| 1,424,754 | | |
| 2,116,876 | |
|
| SUMMARY OF OUTSTANDING CONVERTIBLE NOTES AND ACCRUED INTEREST |
A
summary of these outstanding convertible notes and accrued interest as of June 30, 2025, is summarized below:
SUMMARY OF OUTSTANDING CONVERTIBLE NOTES AND
ACCRUED INTEREST
Debt
& Interest Payable
| Lender | |
Date of Issue | | |
Maturity Date | |
Principal Amount | | |
Default Interest/Fees | | |
Paid | | |
Converted | | |
Outstanding | | |
Interest | |
| | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| |
| RB Capital Partners Inc. | |
| 3 Aug 2022 | | |
31 Dec 2024 | |
| 1,100,000 | | |
| - | | |
| - | | |
| - | | |
| 1,100,000 | | |
| 224,249 | |
| RB Capital Partners Inc. | |
| 17 Mar 2023 | | |
16 Mar 2025 | |
| 200,000 | | |
| - | | |
| - | | |
| - | | |
| 200,000 | | |
| 32,104 | |
| Jefferson | |
| 23 May 2023 | | |
31 Dec 2024 | |
| 220,000 | | |
| 123,949 | | |
| - | | |
| 241,495 | | |
| 102,454 | | |
| - | |
| Sky Holdings | |
| 16 Jun 2023 | | |
31 Dec 2024 | |
| 550,000 | | |
| - | | |
| - | | |
| 77,000 | | |
| 473,000 | | |
| 76,015 | |
| RB Capital Partners Inc. | |
| 21 Dec 2023 | | |
20 Dec 2024 | |
| 100,000 | | |
| - | | |
| - | | |
| - | | |
| 100,000 | | |
| 14,986 | |
| Sean Levi | |
| 8 Jan 2024 | | |
8 Jan 2025 | |
| 100,000 | | |
| - | | |
| - | | |
| - | | |
| 100,000 | | |
| 29,589 | |
| Exchange Listing LLC | |
| 6 Feb 2024 | | |
31 Dec 2024 | |
| 35,000 | | |
| - | | |
| - | | |
| - | | |
| 35,000 | | |
| 6,636 | |
| Jefferson | |
| 21 May 2024 | | |
21 Feb 2025 | |
| 71,500 | | |
| 47,311 | | |
| - | | |
| 54,500 | | |
| 64,311 | | |
| 7,150 | |
| 1800 Diagonal Lending | |
| 3 Jul 2024 | | |
25 Apr 2025 | |
| 179,400 | | |
| 93,915 | | |
| 39,456 | | |
| 233,859 | | |
| - | | |
| - | |
| 1800 Diagonal Lending | |
| 25 Sep 2024 | | |
30 Jun 2025 | |
| 115,000 | | |
| 69,162 | | |
| 12,778 | | |
| 171,384 | | |
| - | | |
| - | |
| J.J. Astor & Co | |
| 20 Sep 2024 | | |
30 Jun 2025 | |
| 405,000 | | |
| - | | |
| 65,925 | | |
| - | | |
| 339,075 | | |
| - | |
| | |
| | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Less: Interest Paid | |
| | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| (52,352 | ) |
| Total | |
| | | |
| |
| 3,075,900 | | |
| 334,337 | | |
| 118,158 | | |
| 778,238 | | |
| 2,513,840 | | |
| 338,377 | |
Discount
on Convertible Notes
| Lender | |
Date of Issue | | |
Maturity Date | |
Discount | |
| | |
| | |
| |
| |
| 1800 Diagonal Lending | |
| 18 Jan 2024 | | |
30 Oct 2024 | |
| 20,117 | |
| 1800 Diagonal Lending | |
| 12 Mar 2024 | | |
15 Dec 2024 | |
| 13,617 | |
| Jefferson | |
| 21 May 2024 | | |
21 Feb 2025 | |
| 6,500 | |
| J.J. Astor & Co | |
| 20 Sep 2024 | | |
4 Jul 2025 | |
| 105,000 | |
| 1800 Diagonal Lending | |
| 25 Sep 2024 | | |
30 Jun 2025 | |
| 15,000 | |
| 1800 Diagonal Lending | |
| 3 Jul 2024 | | |
25 Apr 2025 | |
| 23,400 | |
| Jefferson Capital (JC) | |
| 21 May 2024 | | |
21 Feb 2025 | |
| 24,179 | |
| | |
| | | |
| |
| | |
| Less: Amortized | |
| | | |
| |
| (206,349 | ) |
| | |
| | | |
| |
| | |
| Balance as of June 30, 2025 | |
| | | |
| |
| 1,463 | |
|
| SCHEDULE OF OTHER PAYABLES CURRENT |
SCHEDULE OF OTHER PAYABLES CURRENT
| Other Payables Current | |
June 30, 2025 | | |
December 31, 2024 | |
| Payable to Shareholders of Al Shola Gas | |
| 6,425,000 | | |
| 5,500,000 | |
| Carsten expenses payable | |
| - | | |
| 12,229 | |
| Bank Borrowings- Current | |
| 164,854 | | |
| 265,692 | |
| Total | |
| 6,589,854 | | |
| 5,777,920 | |
|
| SCHEDULE OF OTHER CURRENT LIABILITIES |
SCHEDULE
OF OTHER CURRENT LIABILITIES
| Other Current Liabilities | |
June 30, 2025 | | |
December 31, 2024 | |
| Lease Liabilities | |
| - | | |
| - | |
| Accrued Interest on Convertible note | |
| 338,377 | | |
| 263,551 | |
| Payroll Liabilities (Group)* | |
| 1,329,906 | | |
| 148,675 | |
| Audit fee provision | |
| 62,000 | | |
| 48,000 | |
| Retirement benefits | |
| 132,090 | | |
| 139,985 | |
| Corporate Tax payable | |
| 287,987 | | |
| 203,601 | |
| Total | |
| 2,150,360 | | |
| 803,812 | |
| Total Other Current Liabilities | |
| 2,150,360 | | |
| 803,812 | |
| Payroll Liabilities (Group)* | |
June 30, 2025 | | |
December 31, 2024 | |
| QIND | |
| - | | |
| - | |
| Salary and bonus payable – CEO | |
| 648,264 | | |
| 35,000 | |
| Salary, bonus and expenses payable – CCO | |
| 612,101 | | |
| 113,675 | |
| ASG | |
| | | |
| | |
| Salary Payable -Staff | |
| 69,541 | | |
| - | |
| Total | |
| 1,329,906 | | |
| 148,675 | |
| Payroll Liabilities (Group) | |
| 1,329,906 | | |
| 148,675 | |
|