v3.26.1
Operating Expenses (Tables)
 3 Months Ended
Mar. 31, 2026
Operating Expenses [Abstract]  
Schedule of Operating Expenses

For the periods ended March 31, 2026 and 2025, expenses comprised of the following:

 

   January 1 -   January 1 - 
   March 31,
2026		   March 31,
2025		 
Cost of revenues   4,327,360    3,803,868 
General  and administrative expenses   7,485,048    6,687,675 
Selling and marketing expenses   2,043,056    1,248,304 
Research and development expenses   1,016,492    631,432 
Total   14,871,956    12,371,279 
Schedule of Cost of Revenue

For the periods ended March 31, 2026 and 2025, cost of revenues comprised of the following:

 

   January 1 -   January 1 - 
   March 31,
2026		   March 31,
2025		 
         
Personnel expenses   1,381,653    1,476,622 
Data cost expenses   792,356    359,614 
Depreciation and amortization expense   693,616    891,341 
  Operating lease expense   263,455    311,589 
Commission expenses   407,796    135,763 
Rental vehicle maintenance and repair expenses   321,044    196,435 
Fuel expenses   55,490    47,934 
Other   411,950    384,570 
Total   4,327,360    3,803,868 
Schedule of General and Administrative Expenses

For the periods ended March 31, 2026 and 2025 general and administrative expenses comprised of the following:

 

   January 1 -   January 1 - 
   March 31,
2026		   March 31,
2025		 
         
Personnel expenses (*)   4,983,965    4,894,981 
Consulting and legal expenses   1,383,876    904,852 
Transportation expense   47,245    48,947 
Office expenses   234,152    184,518 
Depreciation and amortization expense   160,463    97,985 
Travelling expenses   106,965    50,282 
Other   568,382    506,110 
Total   7,485,048    6,687,675 

 

(*) The amount includes US$2,221,922 (2025: US$3,142,089) relating to compensation expenses for various shares granted to employees and non-employees.
Schedule of Selling and Marketing Expenses

For the periods ended March 31, 2026 and 2025, selling and marketing expenses comprised of the following:

 

   January 1 -   January 1 - 
   March 31,
2026		   March 31,
2025		 
Social media expense   974,906    785,145 
Advertising consulting expense   631,405    320,611 
Promotion expense   299,028    34,066 
Other   137,717    108,482 
Total   2,043,056    1,248,304