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Consolidated Statements of Financial Position - EUR (€)
Dec. 31, 2024
Dec. 31, 2023
Current    
Cash and cash equivalents € 2,384,625 € 620,531
Accounts receivable and other receivables, net 2,926,132 2,221,080
Inventory, net 1,951,822 5,585,959
Amount due from related parties 246,220 1,601,273
Prepaid expense 1,020,384 1,048,154
Investments 52,050 2,044,050
Total Current Assets 8,581,233 13,121,047
Non-Current Assets    
Property and equipment, net 273,862 159,084
Intangible assets, net 1,712,975 835,706
Right-of-use assets 35,311 54,935
Deferred tax assets 2,043,812 1,056,608
Total Assets 12,647,193 15,227,380
Current Liabilities    
Accounts payable and accrued liabilities 2,910,818 2,043,559
Accrued interest payable 14,901
Amount due to related parties 1,792,045 3,847,950
Lease liabilities - current portion 32,367 37,579
Bank loans - current portion 4,369,949 3,895,585
Debt bond - current portion 91,411
Total Current Liabilities 9,211,491 9,824,673
Non-Current Liabilities    
Lease liabilities 3,958 18,487
Bank loans 94,313
Deferred tax liabilities 33,339 32,783
Debt bond - noncurrent portion 774,471
Total Liabilities 10,023,259 9,970,256
Shareholders’ Equity    
Share Capital 2,754,285 2,754,285
Additional paid in capital 3,808,591 3,104,781
Reserve 1,411,846 1,411,846
Accumulated Deficit (5,350,788) (2,013,788)
Total Shareholders’ Equity 2,623,934 5,257,124
Total Liabilities and Shareholders’ Equity € 12,647,193 € 15,227,380