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Consolidated Statements of Changes in Equity - USD ($)
Share Capital
Share Premium
Shared Based Payment Reserve
Warrant Reserves
Other Reserves
Foreign currency translation reserve
Redemption Reserve
Accumulated Deficit
Total Shareholders' equity
Convertible loans issued
Non- controlling Interest
Total
Balance at Dec. 31, 2020 $ 1,779 $ 14,677,090 $ 280,808 $ (2,704,614) $ 12,255,063     $ 12,255,063
Issuance of ordinary shares 64 10,999,566 10,999,630     10,999,630
Share issuance fees (240,000) (240,000)     (240,000)
Convertible loans issued   $ 40,000,000   40,000,000
Issuance fees on convertible loans   (960,000)   (960,000)
Share issuance fees 9,988,094 9,988,094     9,988,094
Total transactions with shareholders 64 10,759,566 9,988,094 20,747,724 39,040,000   59,787,724
Total loss for the year (18,002,646) (18,002,646)   $ (176,238) (18,178,884)
Balance at Dec. 31, 2021 1,843 25,436,656 9,988,094 280,808 (20,707,260) 15,000,141 39,040,000 (176,238) 53,863,903
Movements in convertible loans (40,000,000) 40,000,000
Conversion of convertible loans 960,000 (960,000)
Recognition of subscription shares 50,000,000 50,000,000
Transaction costs on issuance of subscription shares (2,500,000) (2,500,000)
Movements in shared based payment reserve 15,495,254 (15,495,254)
Issuance of ordinary shares 1,258 1,258 1,258
Total transactions with shareholders 1,258 15,495,254 (15,495,254) 1,258 (39,040,000) 86,540,000 47,501,258
Total loss for the year (23,583,342) (23,583,342) (1,910,878) (25,494,220)
Total other comprehensive income for the year 115,864 115,864 115,864
Balance at Dec. 31, 2022 3,101 25,436,656 25,483,348 (15,495,254) 115,864 280,808 (44,290,602) (8,466,079) 84,452,884 75,986,805
Exercise of share options 83 573,515 (11,103,650) 10,640,556 110,504 110,504
Exercise of RSUs 150 9,524,850 (14,379,698) 4,854,698
Share for share exchange 2,934 (2,934)
Public warrants 8 (6,944,463) 14,409,832 (6,587,352) 878,025 878,025
Private placement warrants (380,475) 607,425 (226,950)
Earnouts to shareholders 248,464,035 248,464,035 248,464,035
Earnouts to sponsors 17,094,750 17,094,750 17,094,750
Issuances to SPAC shareholders and sponsors 800 79,960,740 79,961,540 79,961,540
Issuance to PIPE Investors 702 70,172,468 70,173,170 70,173,170
Issuance to Simulus shareholders 50 6,029,950 6,030,000 6,030,000
Equity issuance costs (5,683,979) (5,683,979)   (5,683,979)
Total transactions with shareholders 4,727 153,249,672 240,075,437 15,017,257 8,680,952 417,028,045 417,028,045
Total loss for the year (363,874,560) (363,874,560) (788,832) (364,663,392)
Total other comprehensive income for the year (37,931) (37,931) (37,931)
Balance at Dec. 31, 2023 $ 7,828 $ 178,686,328 $ 265,558,785 $ 15,017,257 $ (6,814,302) $ 77,933 $ 280,808 $ (408,165,162) $ 44,649,475 $ 83,664,052 $ 128,313,527