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Financial Instruments and Risk Management (Tables)

6 Months Ended

Jun. 30, 2023

Financial Instruments and Risk Management [Abstract]

Schedule of Financial Instruments and Fair Value Measurement

Set out below are categories of financial instruments and fair value measurements as of June 30, 2023 and December 31, 2022:

Financial assets at fair value		June 30, 2023				December 31, 2022
Cash		€	498,099			€	502,585

Financial assets at amortized cost
Accounts receivable and other receivables			1,730,467				3,137,609
Amount due from related parties			79,835				140,264

Financial liabilities at amortized cost
Accounts payable and accrued liabilities			(2,231,281	)			(2,652,868	)
Amount due to related parties			(3,801,385	)			(237,285	)
Lease liabilities			(67,380	)			(95,059	)
Bank loans			(3,844,731	)			(8,334,530	)
		€	(7,636,376	)		€	(7,539,284	)