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Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 2024
Supplemental Cash Flow Information [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 22 – SUPPLEMENTAL CASH FLOW INFORMATION

 

Set out below are non-cash investing and financing activities during the years ended December 31, 2024, 2023 and 2022:

 

Non-cash investing and financing activities:

 

   Year Ended December 31, 
   2024   2023   2022 
Reallocation of opening deficit to reserve 
-
   (1,028,578)  (267,222)
Recognition of right-of-use assets from lease extension  41,944  
-
  
-
 
Recognition of right-of-use assets from lease addition 
-
   19,353   109,506 
Conversion from related party loan to capital contribution  600,000  
-
  
-
 
Derecognition of right-of-use assets 
-
  
-
   34,777 

  

During the years ended December 31, 2024, 2023 and 2022, the Company paid interest of €168,030, €404,093 and €202,368, respectively, and income taxes of €0, €0 and €405,347, respectively.