v3.25.2
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 23,452,268 $ 21,936,422
Restricted cash 7,059 27,642
Trade receivables, net 5,002,723 5,922,345
Other current assets 2,684,427 2,291,439
Withholding tax receivable, net 416,975 393,960
Inventories 287,812 274,854
Other financial assets at amortized cost 76,440
Total current assets 31,927,704 30,846,662
Non-current assets:    
Restricted cash 1,517,155 1,432,738
Property, plant and equipment 3,282,609 3,183,856
Right-of-use assets 2,448,872 2,268,022
Intangible assets, net 2,125,975 2,300,951
Goodwill 411,862 411,862
Withholding tax receivable, net 2,460,829 1,967,826
Deferred tax assets, net 1,305,423 1,281,531
Other non-current assets 2,028,231 998,971
Total non-current assets 15,580,956 13,845,757
Total assets 47,508,660 44,692,419
Current liabilities:    
Trade payables and other current liabilities 4,527,716 4,549,364
Borrowings 44,232
Current portion of operating lease liabilities 1,432,441 1,574,537
Current portion of finance lease liabilities, net 105,314 96,372
Total current liabilities 6,065,471 6,264,505
Non-current liabilities:    
Operating lease liabilities 1,085,675 768,174
Finance lease liabilities, net 302,863 121,746
Provision for employee benefits 5,830,087 5,548,726
Total non-current liabilities 7,218,625 6,438,646
Total liabilities 13,284,096 12,703,151
Equity    
Ordinary shares – par value $0.12 authorized 300,000,000 shares, issued and outstanding 21,821,589 shares at June 30, 2025; issued and outstanding 17,808,974 shares at December 31, 2024 2,618,626 2,137,108
Subscription receivable (50,000) (50,000)
Additional paid in capital 96,363,125 93,102,042
Legal reserve 223,500 223,500
Warrants reserve 251,036 251,036
Accumulated deficit (66,440,917) (64,204,840)
Accumulated other comprehensive income 1,310,798 590,981
Capital & reserves attributable to equity holders of the Company 34,276,168 32,049,827
Non-controlling interests (51,604) (60,559)
Total equity 34,224,564 31,989,268
Total liabilities and equity $ 47,508,660 $ 44,692,419