v3.26.1
Cash, Cash Equivalents and Restricted Cash
 6 Months Ended
Jun. 30, 2026
Cash, Cash Equivalents and Restricted Cash [Abstract]  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH

NOTE 7 – CASH, CASH EQUIVALENTS AND RESTRICTED CASH

 

For the purpose of condensed consolidated statement of cash flows, cash, cash equivalents and restricted cash (current & non-current) consists of the following as of:

 

        June 30,
2026		     December 31,
2025		  
                 
Cash and cash equivalents       $ 13,647,430     $ 3,206,406  
                     
Fixed Deposit   Lien Against Overdraft Facility     8,563,972       5,922,160  
    Lien Against Bank Guarantee     84,489       43  
    Lien Against Credit Card Facility     -       15,447  
Restricted cash (current)         8,648,461       5,937,650  
                     
Fixed Deposit   Lien Against Bank Guarantee     357,386       458,964  
    Lien Against Credit Card Facility     17,746       -  
Restricted cash (non-current)         375,132       458,964  
                     
Total Cash, cash equivalents and restricted cash       $ 22,671,023     $ 9,603,020  

 

The Company has classified fixed deposits (FDs), which are subject to withdrawal restrictions, as Restricted cash. Additionally, time deposits with remaining maturity of over one year have been classified as non-current.

 

The Company has secured a bank overdraft facility from HDFC Bank, collateralized by fixed deposits held with HDFC Bank. This facility includes a withdrawal restriction tied to the fixed deposit. (Refer Note 11 – Bank Overdraft.)