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LINES OF CREDIT (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022
Line of credit description |  |  | The Company has three lines of credit with the National Bank of Greece, which are renewed annually. The three lines have interest rates of 6.00% (the “National Bank LOC”), 3.6% (the “COSME 2 Facility”), and 3.6% plus the six-month Euribor rate and any contributions currently in force by law on certain lines of credit (the “COSME 1 Facility”) |  |  |
Line of credit facility outstanding balance |  |  |  |  | $ 1,908,195 |
Interest Expense | $ 181,429 | $ 151,274 | $ 692,547 | $ 529,782 | 866,476 | $ 2,345,410
Line of Credit [Member] | National Bank of Greece Two [Member] |  |  |  |  |  |
Borrowing | 1,114,500 |  | 1,114,500 |  | 1,106,200 | 1,069,800
Outstanding debt balance |  |  |  |  | 1,099,255 | 984,653
Line of credit facility outstanding balance |  |  | 943,466 |  | 1,099,255 |
Line of Credit [Member] | Alpha Bank of Greece [Member] |  |  |  |  |  |
Borrowing | 1,114,500 |  | 1,114,500 |  | 1,106,200 | 1,069,800
Outstanding debt balance |  |  |  |  | 1,130,141 | 991,429
Line of credit facility outstanding balance |  |  | 1,030,944 |  | 1,130,141 |
Line of Credit [Member] | Pancreta Bank of Greece [Member] |  |  |  |  |  |
Borrowing | 1,549,155 |  | 1,549,155 |  | 1,537,618 | 1,487,022
Outstanding debt balance |  |  |  |  | 1,122,210 | 1,232,128
Line of credit facility outstanding balance |  |  | 1,560,802 |  | 1,122,210 |
National Bank of Greece One [Member] | Line of Credit [Member] |  |  |  |  |  |
Borrowing | 3,315,638 |  | 3,315,638 |  | 3,290,945 | 3,182,655
Outstanding debt balance |  |  |  |  | 2,829,828 | 2,118,952
Line of credit facility outstanding balance |  |  | 2,102,765 |  | 2,829,828 |
EGF [Member] | Line of Credit [Member] |  |  |  |  |  |
Borrowing | 445,800 |  | 445,800 |  | 442,480 | 427,920
Line of credit facility outstanding balance |  |  | 386,577 |  | 459,400 | 431,512
Lines of credit [Member] |  |  |  |  |  |
Interest Expense | $ 89,868 | $ 37,536 | $ 275,246 | $ 204,654 | $ 393,628 | $ 294,156

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- Definition Carrying value as of the balance sheet date of the sum of the obligations to contract holders to provide to them an agreed upon rate of return pursuant to the terms of the underlying contract. These contracts represent lending by the contract holders to the entity in return for a guaranteed (primarily fixed) interest rate until maturity, unless called earlier if the contracts provide that option to the contract holders (usually institutions). There is little or no insurance risk for the entity. + References Reference 1: 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)(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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