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Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES

NOTE 16 – LEASES

 

As of December 31, 2025 and 2024, the Company had the following lease obligations:   

 

   Discount     December 31,   December 31, 
   Rate  Maturity  2025   2024 
Current  3.0 % - 4.5%  2025-2028  €12,203   €32,367 
Non-current  3.0 % - 4.5%  2026-2028   10,059    3,958 
         €22,261   €36,325 

 

Balance - December 31, 2022  €95,059 
Lease liability additions   19,353 
Repayment of Lease liability   (60,523)
Interest expense on lease liabilities   2,177 
Balance - December 31, 2023  €56,066 
Lease liability additions from lease modification   41,944 
Repayment of Lease liability   (63,996)
Interest expense on lease liabilities   2,311 
Balance - December 31, 2024  €36,325 
Lease liability additions   42,644 
Cancellation of lease   (11,795)
Repayment of Lease liability   (47,941)
Interest expense on lease liabilities   3,028 
Balance – December 31, 2025  €22,261 

  

On September 8, 2020, the Company entered into a vehicle lease agreement under a four-year term and monthly lease payment of €527. The lease expired on September 8, 2024 and was fully paid off.

 

On June 1, 2022, the Company entered into an office lease agreement under a two-year term extensible for three years upon expiry and monthly lease payment of €3,384 during the first year and €3,492 during the second year. On April 1, 2024, the Company extended the office lease for one additional year starting from June 2024 through May 2025 with a monthly payment of €3,618.

 

On September 26, 2022, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €420.

 

On November 15, 2022, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €417. The lease was cancelled on January 1, 2025. During the six months ended June 30, 2025, the Company recognized gain from cancellation of the lease of €137.

 

On August 17, 2023, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €572.

 

On February 2, 2024, the Company entered into a vehicle lease agreement under a three-year term and monthly lease payment of €458.

 

On April 27, 2024, the Company entered into a vehicle lease agreement under a four-year term and monthly lease payment of €619.

The following table summarizes the maturity of our lease liabilities as of December 31, 2025:

 

For the year ended December 31,    
2026  €12,922 
2027   7,887 
2028   2,476 
Total lease payments   23,286 
Less: financing cost   (1,025)
Lease liabilities  €22,261 

 

As of December 31, 2025 and 2024, the Company has right-of-use assets as follows:

 

Balance - December 31, 2022  €94,106 
Additions   19,353 
Depreciation   (58,524)
Balance - December 31, 2023  €54,935 
Additions from lease modification   41,944 
Depreciation   (61,568)
Balance - December 31, 2024  €35,311 
Additions from lease modification   42,644 
Depreciation   (45,162)
Cancellation of lease   (11,349)
Balance – December 31, 2025  €21,444