XML 59 R34.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Summary of Significant Accounting Policies and Use of Estimates (Tables)
 12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies and Use of Estimates [Abstract]  
Schedule of Key Financial Information Regarding the Operating Segments Comprise For the year ended December 31 2023, 2022 and 2021, the key financial information regarding the operating segments comprise the following:
   January 1 - December 31, 2023 
   Ride-hailing  

Two-wheeled electric

vehicle rentals

   Unallocated   Total 
                 
Revenue   
--
    20,029,552    --    20,029,552 
-Cost of revenue   
--
    (24,084,598)   --    (24,084,598)
-Selling and marketing expenses   (6,371,668)   (976,109)   --    (7,347,777)
-General and administrative expenses   (4,757,661)   (10,372,384)   --    (15,130,045)
-Research and development expenses   --    --    (1,954,842)   (1,954,842)
-Other expense   (524,914)   (2,248,729)   --    (2,773,643)
-Other income   --    --    657,926    657,926 
-Financial income   --    --    3,561,427    3,561,427 
-Financial expense   --    --    (6,772,719)   (6,772,719)
Segment Loss Before Income Tax Expense   (11,654,243)   (17,652,268)   --    -- 
Loss Before Income Tax Expense   (11,654,243)   (17,652,268)   (4,508,208)   (33,814,719)
   January 1 - December 31, 2022 
   Ride-hailing  

Two-wheeled electric

vehicle rentals

   Unallocated   Total 
                 
Revenue   
--
    24,988,171    --    24,988,171 
-Cost of revenue   (170,797)   (26,921,780)   --    (27,092,577)
-Selling and marketing expenses   (803,033)   (843,111)   --    (1,646,144)
-General and administrative expenses   (409,931)   (8,630,658)   --    (9,040,589)
-Research and development expenses   --    --    (1,877,907)   (1,877,907)
-Other expense   
--
    (399,124)   --    (399,124)
-Other income   --    --    187,063    187,063 
-Financial income   --    --    2,567,118    2,567,118 
-Financial expense   --    --    (1,931,889)   (1,931,889)
Segment Loss Before Income Tax Expense   (1,383,761)   (11,806,502)   --    -- 
Loss Before Income Tax Expense   (1,383,761)   (11,806,502)   (1,055,615)   (14,245,878)
   January 1 - December 31, 2021 
   Ride-hailing  

Two-wheeled electric

vehicle rentals

   Unallocated   Total 
                 
Revenue   
           --
    16,999,437               --    16,999,437 
-Cost of revenue   
--
    (16,955,555)   --    (16,955,555)
-Selling and marketing expenses   
--
    (1,256,315)   --    (1,256,315)
-General and administrative expenses   
--
    (6,053,503)   --    (6,053,503)
-Research and development expenses   --    (1,038,547)   --    (1,038,547)
-Other expense   
--
    (882,127)   --    (882,127)
-Other income   --    133,899    --    133,899 
-Financial income   --    180,267    --    180,267 
-Financial expense   --    (4,712,402)   --    (4,712,402)
Segment Loss Before Income Tax Expense   
--
    (13,584,846)   --    -- 
Loss Before Income Tax Expense   --    (13,584,846)   --    (13,584,846)
Schedule of Useful Lives for Depreciation Calculation Using the Straight-Line Method The table below, shows the useful lives for the depreciation calculation using the straight-line method:
Type of asset  Estimated economic life (year)
Rental vehicles   
- Rental electric scooters  2-3 years
- Rental electric e-bikes  2-3 years
- Rental electric mopeds  3-4 years
Furniture and fixtures  7 years
Leasehold improvements  1-5 years