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v3.25.1

SEGMENT REPORTING (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes and other explanatory information [abstract] |
SUMMARY OF DETAILED SEGMENT INFORMATION | The detailed segment information of the Company is as follows: SUMMARY OF DETAILED SEGMENT INFORMATION
|  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |
|  | For the Years ended December 31 |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |
Revenues |  | $ | 7,912,718 |  |  | $ | — |  |  | $ | 7,912,718 |  |  | $ | 18,611,370 |  |  | $ | 4,451,384 |  |  | $ | 23,062,754 |  |  |  | 13,555,495 |  |  | $ | 4,638,121 |  |  | $ | 18,193,616 |
Depreciation and amortization(1)(2) |  | $ | 2,058,527 |  |  | $ | — |  |  | $ | 2,058,527 |  |  | $ | 2,938,552 |  |  | $ | 332,498 |  |  | $ | 3,271,051 |  |  |  | 1,245,215 |  |  | $ | 1,105,425 |  |  | $ | 2,350,640 |
Loss from operations |  | $ | (30,108,322 | ) |  | $ | — |  |  | $ | (30,108,322 | ) |  | $ | (36,217,860 | ) |  | $ | 150,525 |  |  | $ | (36,067,335 | ) |  |  | (32,591,762 | ) |  | $ | (9,746,037 | ) |  | $ | (42,337,799 | )
Net Profit/(Loss) |  | $ | (24,939,822 | ) |  | $ | — |  |  | $ | (24,939,822 | ) |  | $ | (5,899,772 | ) |  | $ | 188,550 |  |  | $ | (5,711,222 | ) |  |  | (46,113,518 | ) |  | $ | (9,892,921 | ) |  | $ | (56,006,439 | )
Interest Expense, net |  | $ | 1,146,440 |  |  | $ | — |  |  | $ | 1,146,440 |  |  | $ | 3,578,911 |  |  | $ | 115,602 |  |  | $ | 3,694,513 | ) |  |  | (943,916 | ) |  | $ | (368,560 | ) |  | $ | (1,312,476 | )
Capital Expenditures |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  | $ | — |
Property and equipment, net |  | $ | 301,531 |  |  | $ | — |  |  | $ | 301,531 |  |  | $ | 456,751 |  |  | $ | — |  |  | $ | 456,751 |  |  |  | 563,131 |  |  | $ | — |  |  | $ | 563,131 |
Total Assets |  | $ | 101,055,351 |  |  | $ | — |  |  | $ | 101,055,351 |  |  | $ | 43,213,773 |  |  | $ | — |  |  | $ | 43,213,773 |  |  |  | 88,120,390 |  |  | $ | 3,139,237 |  |  | $ | 91,259,627 |
Total Liabilities |  | $ | 21,644,921 |  |  | $ | — |  |  | $ | 21,644,921 |  |  | $ | 23,498,780 |  |  | $ | — |  |  | $ | 23,498,780 |  |  |  | 71,656,141 |  |  | $ | 5,648,650 |  |  | $ | 77,304,791 |
(1) | Consists of $589,415 (2023: $575,309) of Education segment depreciation and amortization which is included in cost of revenue and $1,469,112 (2023: $2,363,243) which is included in operating expenses in the accompanying statements of operations
(2) | Consists of $0 (2023: $0) of Campus segment depreciation and amortization which is included in cost of revenue and $0 (2023: $332,498) which is included in operating expenses in the accompanying statements of operations
SUMMARY OF REVENUE AND NON-CURRENT ASSETS BY GEOGRAPHIC LOCATION | A summary of non-current assets (other than financial instruments) by geographic location appears below: SUMMARY OF REVENUE AND NON-CURRENT ASSETS BY GEOGRAPHIC LOCATION
|  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |
|  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |
|  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |
Europe / Middle East / Africa |  | $ | 13,871,549 |  |  |  | — |  |  | $ | 13,871,549 |  |  | $ | 20,318,361 |  |  |  | — |  |  | $ | 20,318,361 |
Asia / Pacific |  |  | 39,977,597 |  |  |  | — |  |  |  | 39,977,597 |  |  |  | 3,971,427 |  |  |  | — |  |  |  | 3,971,427 |
North America / South America |  |  | 4,787,378 |  |  |  | — |  |  |  | 4,787,378 |  |  |  | 9,290,120 |  |  |  | — |  |  |  | 9,290,120 |
Non-current assets |  | $ | 58,636,524 |  |  | $ | — |  |  | $ | 58,636,524 |  |  | $ | 33,579,908 |  |  | $ | — |  |  | $ | 33,579,908 |
A summary of revenue by geographic location appears below:
|  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |
|  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |
|  | Education |  |  | Campus |  |  | Total |  |  | Education |  |  | Campus |  |  | Total |
Europe / Middle East / Africa |  | $ | 3,578,181 |  |  | $ | — |  |  | $ | 3,578,181 |  |  | $ | 4,134,861 |  |  | $ | 2,524,821 |  |  | $ | 6,659,682 |
Asia / Pacific |  |  | 2,215,686 |  |  |  | — |  |  |  | 2,215,686 |  |  |  | 3,374,298 |  |  |  | 1,926,563 |  |  |  | 5,300,861 |
North America / South America |  |  | 2,118,851 |  |  |  | — |  |  |  | 2,118,851 |  |  |  | 11,102,211 |  |  |  | — |  |  |  | 11,102,211 |
Revenue |  | $ | 7,912,718 |  |  | $ | — |  |  | $ | 7,912,718 |  |  | $ | 18,611,370 |  |  | $ | 4,451,384 |  |  | $ | 23,062,754 |

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