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DEFERRED TAX ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
SUMMARY OF DEFERRED TAX ASSETS AND LIABILITIES

Deferred tax assets and (liabilities) as of December 31, 2023 and 2022 and the related activity for the years ended December 31, 2023 and 2022 are as follows:

 

   Carrying amount as of
December 31,
2022		   Recognized in
equity		   Recognized in
Provision for
Income Taxes		   Carrying amount as of
December 31,
2023		 
Non-current assets:                    
Intangible Assets  $(3,901,425)  $-   $597,954   $(3,303,471)
Property and equipment   (87,695)   795,115    (111,509)   595,911 
Other   (2,240)   —    9,173    6,933 
    (3,991,360)   795,115    495,618    (2,700,627)
                     
Current assets:                    
Prepaid expenses   —    —    333,551    333,551 
Other (Section 24C allowance)   134,390    —    851,977    986,367 
    134,390    —    1,185,528    1,319,918 
                     
Current liabilities:                    
Income in Advance   365,377    (33,663)   76,492    408,206 
Tax Losses   100,464    (761,452)   (646,832)   (1,307,820)
Net deferred tax assets and (liabilities)  $(3,391,129)  $-   $1,110,806   $(2,280,323)

 

   Carrying amount as of
December 31,
2021		   Recognized in
Business
Combination		   Recognized in
Provision for
Income Taxes		   Carrying amount as of
December 31,
2022		 
Non-current assets:                    
Intangible Assets  $-   $(4,425,990)  $524,565   $(3,901,425)
Property and equipment   (883,075)   (341,825)   1,137,205    (87,695)
Other   -    —    (2,240)   (2,240)
    (883,075)   (4,767,815)   1,659,530    (3,991,360)
                     
Current assets:                    
Prepaid expenses   (17,195)   —    17,195    — 
Other (Section 24C allowance)   50,019    799,647    (715,276)   134,390 
    32,824    799,647    (698,081)   134,390 
                     
Current liabilities:                    
Income in Advance   127,129    —    238,248    365,377 
Tax Losses   —    15,995    84,469    100,464 
Net deferred tax assets and (liabilities)  $(723,122)  $(3,952,173)  $1,284,166   $(3,391,129)
SUMMARY OF UNUSED TAX LOSSES FOR WHICH NO DEFERRED TAX ASSETS HAVE BEEN RECOGNIZED

Unused tax losses for which no deferred tax assets have been recognized as of December 31, 2023 and 2022 are as follows:

  

   2023   2022 
   As of December 31, 
   2023   2022 
         
Unused tax losses for which no deferred tax assets has been recognized  $(43,402,517)  $(29,195,914)
Potential tax benefit of such unused tax losses at applicable statutory tax rates  $(7,722,631)  $(6,338,526)
SUMMARY OF JURISDICTIONS AND TAX YEARS

The following jurisdictions and tax years are open to audit:

 

Jurisdiction   Open Tax Years
Indonesia   2019 - 2023
New Zealand   2020 - 2023
Singapore   2020 - 2023
South Africa   2020 - 2023
United Kingdom   2022
United States   2021 - 2023