v3.25.2
Unaudited Interim Condensed Consolidated Statements of Shareholders' Equity - USD ($)
Total
Common Stock No of common shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Retained Earnings/ (Accumulated Deficit)
Beginning Balance at Dec. 31, 2023 $ 16,410,375   $ 4,225,265 $ 1,449,963 $ 10,735,147
Issuance of common shares/ capital stock, shares   100      
Net income (loss) 1,870,881       1,870,881
Foreign currency translation 22,953     22,953  
Ending Balance, Shares at Jun. 30, 2024   100      
Ending Balance at Jun. 30, 2024 18,304,209   4,225,265 1,472,916 12,606,028
Beginning Balance, Shares at Dec. 31, 2024   100      
Beginning Balance at Dec. 31, 2024 18,215,410   4,225,265 1,341,547 12,648,598
Dividends declared/ paid (distribution of $80,000 per common share) (8,000,000)       (8,000,000)
Conversion of shares due to business combination   (100)      
Issuance of common shares/ capital stock, shares   57,102,588      
Issuance of common shares/ capital stock 14,258,460 $ 57,102 14,201,358    
Fair value of the earnout shares to be issued (Note 16) 3,917,767   3,917,767    
Issuance of stock-based compensation (Note 15), Shares   1,060,753      
Issuance of stock-based compensation (Note 15) 3,638,114 $ 1,061 3,637,053    
Net income (loss) (19,758,486)       (19,758,486)
Foreign currency translation 534,181     534,181  
Ending Balance, Shares at Jun. 30, 2025   58,163,341      
Ending Balance at Jun. 30, 2025 $ 12,805,446 $ 58,163 $ 25,981,443 $ 1,875,728 $ (15,109,888)