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Capital Management (Tables) | 6 Months Ended
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Jun. 30, 2024
Capital Management [Abstract] |
Schedule of Gearing Ratios | The gearing ratios at June 30, 2024 and December 31, 2023 were as follows:
|  | June 30, 2024 |  |  | December 31, 2023 |
Total borrowings |  | $ | 20,514,895 |  |  | $ | 25,089,421 |
Less: Cash and cash equivalents |  |  | (11,218,496 | ) |  |  | (5,306,857 | )
Net debt |  |  | 9,296,397 |  |  |  | 19,782,564 |
Total equity |  | $ | 72,055,682 |  |  |  | 54,151,733 |
Total capital |  | $ | 81,352,081 |  |  | $ | 73,934,297 |
Gearing ratio |  |  | 11 | % |  |  | 27 | %

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