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INTEREST EXPENSE, NET
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
INTEREST EXPENSE, NET

NOTE 29 — INTEREST EXPENSE, NET

 

For the years ended December 31, 2024, 2023 and 2022, the Company earned interest income and incurred interest expense as follows:

 

   2024   2023   2022 
   Year Ended December 31, 
   2024   2023   2022 
Interest (Expense) income               
Bank and other cash  $6,685   $45,104    26,380 
Total interest income/(expense)   6,685    45,104    26,380 
                
Interest expense/finance costs               
Lease liabilities   -    (787,340)   (491,336)
Other interest paid – loans   (1,153,125)   (2,952,277)   (847,520)
Total interest expense/ finance costs   (1,153,125)   (3,739,617)   (1,338,856)
                
Total interest (expense), net  $(1,146,440)  $(3,694,513)   (1,312,476)