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Bank Loans (Tables)
 6 Months Ended
Jun. 30, 2023
Bank Loans [Abstract]  
Schedule of Bank Loans Bank loans as of June 30, 2023 and December 31, 2022 are summarized as follows:
   June 30,
2023		   December 31,
2022		 
Bank loans  €440,170   €556,386 
Lines of credit   3,404,561    7,778,145 
    3,844,731    8,334,531 
less: current portion   (3,636,961)   (8,010,239)
   €207,770   €324,292 
Schedule of Terms and Conditions of Outstanding Bank Loans The terms and conditions of outstanding bank loans are as follows:
      Nominal       June 30, 2023   December 31, 2022 
Bank Loans  Currency  interest
rate		   Year of
maturity		   Face
Value		   Carrying
Amount		   Face
Value		   Carrying
Amount		 
Bankia SA  EUR   1.50%  2025    400,000    186,560    400,000    236,243 
Targobank SA  EUR   1.87%  2025    100,000    50,874    100,000    63,317 
Banco de Sabadell SA  EUR   1.50%  2025    250,000    116,446    250,000    149,366 
Liberbank  EUR   1.55%  2025    170,000    86,291    170,000    107,460 
               €920,000   €440,170   €920,000   €556,386 
Schedule of Principal Repayments to Maturity by Fiscal Year Principal repayments to maturity by fiscal year are as follows:
Year ended December 31,    
2023 (excluding the six months ended June 30, 2023)  €114,157 
2024   233,926 
2025   92,087 
Thereafter   
-
 
Total  €440,170 
Schedule of Company Maintains the Following Lines of Credit the Company maintains the following lines of credit
             June 30,
2023		 
Line of credit  Credit
Limit		   Nominal
interest rate		  Maturity  Carrying
Value		 
Caixabank  €2,500,000   2.00% + Euribor  3/25/2024  €1,307,300 
Sabadell   1,700,000   2.75% + Euribor  2/28/2024   332,514 
BBVA   1,500,000   1.90% + Euribor  12/22/2023   1,331,874 
BBVA   1,500,000   1.90% + Euribor  03/01/2024     
Santander   2,000,000   2.25% + Euribor  2/28/2024   432,872 
Abanca ICO   150,000   1.40% + Euribor  10/31/2023   
-
 
Abanca   700,000   2.00% + Euribor  11/30/2024   
-
 
Bankinter ICO   500,000   1.40% + Euribor  6/21/2024   
-
 
Bankinter   500,000   1.5% + Euribor  6/6/2024   
-
 
   €11,050,000         €3,404,561 

 

             December 31,
2022		 
Line of credit  Credit
Limit		   Nominal
interest rate		  Maturity  Carrying
Value		 
Caixabank  €2,500,000   2.00% + Euribor  3/25/2023  €2,108,807 
Sabadell   1,700,000   2.75% + Euribor  2/28/2023   1,623,953 
BBVA   650,000   1.90% + Euribor  12/22/2023   381,000 
BBVA   650,000   1.90% + Euribor  12/22/2023   628,951 
Santander   2,000,000   2.25% + Euribor  2/28/2023   1,928,786 
Abanca ICO   150,000   1.40% + Euribor  10/31/2023   150,000 
Abanca   700,000   2.00% + Euribor  11/30/2024   319,103 
Bankinter ICO   500,000   1.40% + Euribor  6/21/2023   485,830 
Bankinter   500,000   1.50% + Euribor  6/6/2023   151,715 
   €9,350,000         €7,778,145