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Trade and Other payables and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Trade and Other payables and Other Current Liabilities [Abstract]

Schedule of Trade and Other Payables and Other Current Liabilities

		As of December 31,
		2023				2022
Trade payables – third parties		$	2,113,401			$	2,060,856
Accrued salaries and bonus			603,112				515,758
Other payables, accrued customer claims, cash loss and shortage*			300,337				57,381
Trade and other payables		$	3,016,850			$	2,633,995

Output VAT and other taxes payable		$	100,166			$	118,125
Accrued Expenses			639,556				522,059
Payroll Payable			925,142				979,027
Provision for stock-based compensation expense**			830,000				-
Other Payables			419,964				289,494
Deferred revenue			256,815				568,664
Other current liabilities		$	3,171,643			$	2,477,369

*	Includes a provision for penalty for failure to meet certain performance indicators as stipulated in certain customer contracts for approximately $10,000 and $11,800 respectively.

**	During the year ended December 31, 2023, management of the Company decided to grant restricted shares to officers and certain employees based on their performance in 2023 under the Company’s 2022 Equity Incentive Plan. The Board of Directors approved the number of restricted shares to be granted to each individual on March 14, 2024 (Note 20).