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Financial instruments (Tables)
 6 Months Ended
Jun. 30, 2022
Investments, All Other Investments [Abstract]  
Schedule of Interest rate risk On June 30, 2022, the Company’s cash, cash equivalents, and financial investments were indexed as follows:
 
    
Pre-fixed
    
Post-fixed
    
Total
  
    
Amount
     
%
    
Amount
     
%
    
Amount
     
%
  
Cash and cash equivalents and financial investments
    $ 328,417,524        99.29 %    $ 2,363,683        0.71 %    $ 330,781,207        100.00 % 
 
    
Amount
     
%
  
Cash equivalents and financial investments indexed to CDI
(i)
    $ 2,363,683        100.00 % 
(i)
The interbank deposit certificate (Certificado de Depósito Interbancário), or CDI rate is an average of interbank overnight rates in Brazil.
Schedule of Foreign exchange rate risk
On June 30, 2022, the Company had the following amounts of financial assets and liabilities denominated in two currencies:
 
    
As of

June 30,
    
As of
December 31,
  
    
2022
    
2021
  
Trade account payable
     
Brazilian reais
    $ (360,177 )    $ (705,725 ) 
U.S.dollars
      (529,417 )      (171,917 ) 
     (889,594 )      (877,642 ) 
  
 
 
    
 
 
  
Cash and cash equivalents and financial investments
     
Brazilian reais
      2,429,263       329,621  
U.S.dollars
      328,351,943       14,046,902  
     330,781,206       14,376,523  
  
 
 
    
 
 
  
Net exposure
(1-2):
     
Brazilian reais
    $ 2,069,086     $ (376,103 ) 
  
 
 
    
 
 
  
U.S.dollars
    $ 327,822,526     $ 13,874,985  
  
 
 
    
 
 
  
Schedule of sensitivity analysis of financial instruments
Interest risk factor
 
                 
Additional variations in book balance (*)
  
    
Risk
factor
     
Amounts
exposed as of
June 30, 2022
    
-50%
    
-25%
    
Probable
scenario
    
+25%
    
+50%
  
Cash equivalents and financial investments
      CDI      $ 2,363,683     $ 151,867     $ 71,206     $ (9,455 )    $ (90,115 )    $ (170,776 ) 
             
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net impact
   
 
CDI
 
   
$
2,363,683
 
  
$
151,867
 
  
$
71,206
 
  
$
(9,455
) 
  
$
(90,115
) 
  
$
(170,776
) 
             
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Rates considered
      CDI        13.25 %      6.83 %      10.24 %      13.65 %      17.06 %      20.48 % 
 
(*)
The positive and negative variations of 25% and 50% were applied on the rates in effect on June 30, 2022.
Foreign
 
exchange risk factor
               
Additional variations in book balance (*)
  
   
Risk
factor
    
Amounts
exposed as of
June 30, 2022
    
-50%
    
-25%
    
Probable
scenario
    
+25%
    
+50%
  
Assets
                                                        
Cash equivalents and financial investments
     BRL     $ 2,429,263     $ 1,207,211     $ 596,185     $ (14,841 )    $ (625,867 )    $ (1,236,893 ) 
Other assets
     BRL       1,122,285       557,714       275,429       (6,856 )      (289,142 )      (571,427 ) 
                   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
           
$
3,551,548
 
  
$
1,764,925
 
  
$
871,614
 
  
$
(21,697
) 
  
$
(915,009
) 
  
$
(1,808,320
) 
           
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Liabilities
                                                        
Other liabilities
     BRL       (2,286,753 )      (1,136,392 )      (561,211 )      13,970       589,151       1,164,332  
           
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
           
 
(2,286,753
) 
  
 
(1,136,392
) 
  
 
(561,211
) 
  
 
13,970
 
  
 
589,151
 
  
 
1,164,332
 
           
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net impact
          
$
1,264,795
 
  
$
628,533
 
  
$
310,403
 
  
$
(7,727
) 
  
$
(325,858
) 
  
$
(643,988
) 
           
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Exchanges rate considered
             5.2380       2.6350       3.9525       5.2700       6.5875       7.9050  

(*)
The positive and negative variations of 25% and 50% were applied on the rates in effect on June 30, 2022.