Other current liabilities

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

11. Other current liabilities

As of June 30, 2025 and December 31, 2024, other current liabilities consist of the following:

Schedule of other current liabilities
	June 30, 2025		December 31, 2024
(Amounts in thousands)	(Unaudited)
Accrued expenses⁽¹⁾	$	320	$	388
Other short-term payables		1,842		1,303
Taxes and duties payable		302		330
Social security funds		226		189
Fischer settlement – current liability		411		-
Total	$	3,101	$	2,210

Other short-term payables largely consist of salary payable to the Company’s officers who have not received a salary payment since May 2024.

(1)

Accrued expenses are analyzed as follows:

Schedule of accrued expenses
	June 30, 2025		December 31, 2024
(Amounts in thousands)	(Unaudited)
Accrued expenses for legal and consulting fees	$	50	$	183
Other accrued expenses		270		205
Total	$	320	$	388

Other accrued expenses mainly consist of accrual of staff expenses and audit fees.

11. Other current liabilities

As of December 31, 2024 and 2023, other current liabilities consist of the following:

Schedule of other current liabilities
(Amounts in thousands)	December 31, 2024		December 31, 2023
Accrued expenses⁽¹⁾	$	388	$	653
Other short-term payables		1,303		44
Taxes and duties payable		330		255
Provision for unused vacation		-		4
Social security funds		189		70
Overtime provision		-		9
Total	$	2,210	$	1,035

Other short-term payables largely consist of salary payable to the Company’s officers who have not received a salary payment since May 2024.

(1)

Accrued expenses are analyzed as follows:

Schedule of accrued expenses
(Amounts in thousands)	December 31, 2024		December 31, 2023
Accrued expenses for legal and consulting fees	$	183	$	219
Accrued payroll fees		-		139
Other accrued expenses		205		295
Total	$	388	$	653

Other accrued expenses mainly consist of accrued staff expenses and audit fees.