XML 66 R55.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

NOTES PAYABLE (Details Narrative) |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 03, 2022 USD ($) | May 12, 2020 USD ($) | Jul. 30, 2021 USD ($) | Nov. 19, 2020 USD ($) | Jun. 23, 2020 USD ($) | Mar. 31, 2024 USD ($) | Mar. 31, 2024 CAD ($) | Dec. 31, 2023 CAD ($) shares | Dec. 31, 2022 USD ($) | Jan. 23, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 30, 2020 USD ($) | Oct. 17, 2018 USD ($)
Outstanding principal loan balance | $ 3,950,000 |  | $ 578,850 |  |  | $ 1,618,650 |  |  |  |  | $ 1,908,195 |  |
Stock issued for debt obligation | shares |  |  |  |  |  |  |  | 420,471 |  |  |  |  |
Accrued interest expenses |  |  |  |  |  | 100,288 |  |  |  |  | 166,348 |  |
Accrued interest expenses |  |  |  |  |  | 42,412 |  |  |  |  | 161,274 |  |
Interest rate description |  |  |  |  |  |  |  | one-month Euribor (3.90% as of December 31, 2023), and 6% plus one-month LIBOR (fully paid as of December 31, 2023), respectively |  |  |  |  |
Non cash interest expenses |  |  |  |  |  |  |  |  | $ 200,000 |  |  |  |
Repayments of debt |  |  |  |  |  | 242,798 |  |  |  |  |  |  |
Notes payable long term portion |  |  |  |  |  | 2,700,349 |  |  |  |  | 3,035,341 |  |
Capitalized fees | $ 221,060 |  |  |  |  |  |  |  |  |  |  |  |
Notes payable long term |  |  |  |  |  | 1,213,988 |  |  |  |  | 1,327,440 |  |
Final repayment | shares |  |  |  |  |  |  |  | 1,965,600 |  |  |  |  |
Unaffiliated Third Party [Member] | Senior Promissory Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Description of loan repayment |  |  |  |  |  |  |  | CAD $2 million cash received noted in (b) above, the Company accounted for its obligation to issue a variable number of the Company’s Common Shares as Share-settled debt obligation in accordance with ASC 480 measured at fair value or the settlement amount of $1,554,590 (CAD $2 million) |  |  |  |  |
June 23, 2020 [Member] | National Bank of Greece SA [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  | 190,429 |  |  |  |  | 227,747 |  |
Interest rate description |  |  |  |  | The note is interest bearing from the date of receipt and is payable every three (3) months at an interest rate of 3.06% plus 3-month Euribor (3.94% as of March 31, 2024) |  |  |  |  |  |  |  |
Repayments of debt |  |  |  |  |  | 31,738 |  |  |  |  |  |  |
Debt amount received from related party |  |  |  |  | $ 611,500 |  |  |  |  |  |  |  |
Notes payable long term |  |  |  |  |  | 63,477 |  |  |  |  | 97,606 |  |
Maturity date |  |  |  |  | 60 years |  |  |  |  |  |  |  |
July 14, 2023 [Member] | Promissory Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  | 1,055,036 |  |  |  |  | 1,081,532 |  |
Accrued interest expenses |  |  |  |  |  | 24,124 |  |  |  |  | 11,865 |  |
Repayments of debt |  |  |  |  |  | 0 |  |  |  |  |  |  |
Agreement description |  |  |  |  |  |  |  | the Company entered into an agreement with a third-party lender in the principal amount of €1,000,000 ($1,123,700), the “Note”. The Note matures on July 31, 2028 and bears an annual interest rate of 2.46% plus the 3-month Euribor (3.96% as of December 31, 2023). Pursuant to the agreement, there is a nine-month grace period for interest and principal repayment. The principal is to be repaid in 18 equal quarterly installments of €55,556 commencing on May 2, 2024 |  |  |  |  |
Notes payable long term |  |  |  |  |  | 815,918 |  |  |  |  | 897,165 |  |
June 9, 2022 Debt Agreement One [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  | 258,984 |  |  |  |  | 287,612 |  |
Accrued interest expenses |  |  |  |  |  | 5,841 |  |  |  |  | 12,215 |  |
Repayments of debt |  |  |  |  |  | 21,582 |  |  |  |  |  |  |
Agreement description |  |  |  |  |  |  |  | the Company entered into an agreement with a third-party lender in the principal amount of €320,000 ($335,008), the “Note”. The Note matures on June 16, 2027 and bears an annual interest rate of 3.89% plus an additional rate of 0.60%, plus the 3-month Euribor (3.96% as of December 31, 2023). Pursuant to the agreement, there is a twelve-month grace period for principal repayment during which interest is accrued. The principal is to be repaid in 17 equal quarterly installments of €18,824 commencing on June 30, 2023 |  |  |  |  |
Notes payable long term |  |  |  |  |  | 177,734 |  |  |  |  | 204,322 |  |
Debt Exchange Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  | $ 611,500 |  | 209,825 |  |  |  |  | 245,822 |  |
Accrued interest expenses |  |  |  |  |  | 5,982 |  |  |  |  | 12,379 |  |
Repayments of debt |  |  |  |  |  | 29,975 |  |  |  |  |  |  |
Agreement description |  |  |  | bears an annual interest rate, based on a 360-day year, of 3% plus 0.6% plus 6-month Euribor when Euribor is positive (3.91% as of March 31, 2024). The principal is to be repaid in 18 quarterly installments of €27,778 ($30,333) |  |  |  |  |  |  |  |  |
Notes payable long term |  |  |  |  |  | 89,925 |  |  |  |  | 122,911 |  |
Synthesis Facility Agreement [Member] | TFF [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  |  |  |  |  |  |  |  | $ 5,629,555
Accrued expenses |  |  |  |  |  |  |  |  |  |  |  |  | 524,094
Synthesis Facility Agreement [Member] | TFF [Member] | Principal Balance One [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Debt instrument, accrue interest rate |  |  |  |  |  |  |  |  |  |  |  | 5.50% |
Debt repayment installment |  |  |  |  |  |  |  |  |  |  |  | $ 54,600 |
Debt intrument split, principal balance |  |  |  |  |  |  |  |  |  |  |  |  | $ 2,316,000
Synthesis Facility Agreement [Member] | TFF [Member] | Principal balance 2 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  |  |  |  |  |  |  |  |  |  | 6.00%
Debt split, balance |  |  |  |  |  |  |  |  |  |  |  |  | $ 4,000,000
July 30, 2021 Debt Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  | 312,894 |  |  |  |  | 350,555 |  |
Accrued interest expenses |  |  |  |  |  | 13,961 |  |  |  |  | 12,063 |  |
Repayments of debt |  |  |  |  |  | 29,073 |  |  |  |  |  |  |
Notes payable long term portion |  |  |  |  |  | 191,381 |  |  |  |  | 227,065 |  |
Agreement description |  |  | The note matures on August 5, 2026 and bears an annual interest rate that applies to 60% of the principal of the note that is based on a 365-day year, of 5.84% plus 3-month Euribor when Euribor is positive (3.96% as of December 31, 2023). Pursuant to the terms of the agreement, there is a nine-month grace period for principal repayment during which interest is accrued. The principal is to be repaid in 18 quarterly installments of €27,778 commencing three months from the end of the grace period |  |  |  |  |  |  |  |  |  |
Covid Ninteen [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  | 126,457 |  |  |  |  | 134,818 |  |
Repayments of debt |  |  |  |  |  | 5,058 |  |  |  |  |  |  |
Loan received from related party |  | $ 366,900 |  |  |  |  |  |  |  |  |  |  |
Notes payable long term |  |  |  |  |  | 106,224 |  |  |  |  |  |  |
Covid Ninteen [Member] | United Kingdom Government [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Loan prinipal amount |  |  |  |  |  | 49,647 |  |  |  |  | 52,066 |  |
Distribution and Equity Acquisition Agreement [Member] | Marathon Global Inc [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Cash received upon gross sales |  |  |  |  |  |  | $ 2,750,000 | $ 2,750,000 |  |  |  |  |
Upfront cash received |  |  |  |  |  |  | $ 2,000,000 | $ 2,000,000 |  |  |  |  |
Equity interest acquired description |  |  |  |  |  |  |  | a 33 1/3% equity interest or 5 million shares in Marathon as partial consideration for the Company’s distribution services |  |  |  |  |
Distribution and Equity Acquisition Agreement [Member] | Marathon Global Inc [Member] | Gross Sales [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Cash received upon gross sales |  |  |  |  |  |  |  | $ 2,750,000 |  |  |  |  |
Gross sales |  |  |  |  |  |  |  | $ 13,000,000 |  |  |  |  |
Cloudscreen Promissory Note [Member] |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal loan balance |  |  |  |  |  | 312,213 |  |  |  | $ 324,870 | 317,880 |  |
Repayments of debt |  |  |  |  |  | 0 |  |  |  |  |  |  |
Notes payable long term |  |  |  |  |  | $ 0 |  |  |  |  | $ 0 |  |

X
- References No definition available. + Details
Name: | cosm_AgreementDescription
Namespace Prefix: | cosm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_CapitalizedFees
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_CashReceivedUponGrossSales
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_DebtAmountReceivedFromRelatedParty
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_DebtInstallment
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | cosm_DebtInstrumentAccrueInterestRate
Namespace Prefix: | cosm_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | cosm_DebtIntrumentSplitPrincipalBalance
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | cosm_DebtSplitBalance
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | cosm_DescriptionOfLoanRepayment
Namespace Prefix: | cosm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_EquityInterestAcquiredpercentageDescription
Namespace Prefix: | cosm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_FinalRepaymentShares
Namespace Prefix: | cosm_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_GrossSalesValue
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_LoanReceivedFromRelatedParty
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_MaturityDates
Namespace Prefix: | cosm_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_NonCashInterestExpenses
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_PrincipalAmountLoan
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | cosm_RepaymentsOfDebtsExchange
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_RepaymentsOfDebtsTwo
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_StockIssuedForDebtObligation
Namespace Prefix: | cosm_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_TotalRepaymentsOfDebt
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_TradeFinanceFacilityAgreementInterestRateDescription
Namespace Prefix: | cosm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cosm_UpfrontCashReceived
Namespace Prefix: | cosm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. + References No definition available. + Details
Name: | us-gaap_AccruedLiabilitiesAndOtherLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of debt and lease obligation, classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_InterestPayableCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of interest payable on debt, including, but not limited to, trade payables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(15)(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(15)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_InterestPayableCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LongTermNotesPayable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=cosm_UnaffiliatedThirdPartyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cosm_SeniorPromissoryNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardDateAxis=cosm_JuneTwentyThreeTwoThousandTwentyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=cosm_NationalBankOfGreeceSAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardDateAxis=cosm_JulyFourteenTwoThousandTwentyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cosm_PromissoryNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=cosm_DebtAgreementJuneOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=cosm_DebtExchangeAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=cosm_SynthesisFacilityAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_TitleOfIndividualAxis=cosm_TFFMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=cosm_PrincipalBalanceOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=cosm_PrincipalBalanceTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=cosm_DebtAgreementJuneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=cosm_CovidNinteenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis=cosm_UnitedKingdomGovernmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=cosm_DistributionAndEquityAcquisitionAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=cosm_MarathonGlobalIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cosm_CloudscreenPromissoryNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |