XML 121 R106.htm IDEA: XBRL DOCUMENT v3.25.1
INCOME TAXES - Schedule of Income Tax Statutory Rate (Details)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of Income Tax Provision to the Luxembourg income tax rate    
Statutory tax rate 24.94% 24.94%
Change in valuation allowance (110.68%) (186.89%)
State tax expense (0.18%) (0.33%)
Uncertain tax positions (5.02%) (2.98%)
Unrealized losses (27.90%) 0.00%
Tax rate differences on foreign earnings 0.89% (1.58%)
Tax exempt income 0.04% 0.18%
Provision to return 0.06% 0.00%
Loss on treasury shares 1.1255 1.6011
Other (2.55%) (0.54%)
Effective tax rate (7.85%) (7.09%)