| Schedule of Fair Values of Financial Instruments and their Level within the Fair Value Hierarchy |
The following
table presents the fair values of the Company’s financial instruments and their level within the fair value hierarchy:
| | |
| | |
As of March 31, | | |
As of December 31, | |
| Measurement | |
2026 | | |
2025 | |
| | |
| | |
| | |
| |
| Financial assets at amortized cost | |
| | |
| | |
| |
| Cash | |
Level 1 | | |
| 357,277 | | |
| 573,462 | |
| Restricted cash | |
Level 1 | | |
| 41,075 | | |
| 57,500 | |
| Accounts receivable, net | |
Level 2 | | |
| 5,357 | | |
| 5,471 | |
| Other receivables | |
Level 2 | | |
| 131 | | |
| 1,405 | |
| Security deposits for energy | |
Level 2 | | |
| 5,157 | | |
| 5,157 | |
| Other refundable deposits | |
Level 3 | | |
| 350 | | |
| 350 | |
| Financial assets at fair value through profit and loss | |
| | |
| | | |
| | |
| Derivative assets | |
Level 2 | | |
| 1,760 | | |
| 7,487 | |
| Total fair value of financial assets | |
| | |
| 411,107 | | |
| 650,832 | |
| | |
| | |
| | | |
| | |
| Financial liabilities at amortized cost | |
| | |
| | | |
| | |
| Accounts payable and accrued expenses | |
Level 2 | | |
| 45,101 | | |
| 34,974 | |
| Long-term debt* | |
Level 2 | | |
| 594,775 | | |
| 699,657 | |
| | |
| | |
| | | |
| | |
| Financial liabilities at fair value through profit and loss | |
| | |
| | | |
| | |
| Derivative liabilities | |
Level 2 | | |
| — | | |
| 2,922 | |
| Total fair value of financial liabilities | |
| | |
| 639,876 | | |
| 737,553 | |
| | |
| | |
| | | |
| | |
| Net fair value | |
| | |
| (228,769 | ) | |
| (86,721 | ) |
| * | The Credit Facility and the Convertible Notes are recognized
at amortized cost using the effective interest rate method. As of December 31, 2025, their carrying amounts amounted to $94,808 and $571,315,
respectively, whereas their fair values, which are based on discounted cash flows using a current borrowing rate, amounted to $106,060
and $590,252, respectively. As of March 31, 2026, the carrying amount and the fair value of
the Convertible Notes amounted to $574,228 and $591,559, respectively. |
|