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Consolidated Statement of Financial Position - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Non-current assets    
Property and equipment $ 276,325 $ 268,053
Intangible assets 2,042,846 1,576,002
Right-of-use assets 169,769 254,653
Investment in a joint venture 48,142
Total non-current assets 2,537,082 2,098,708
Current assets    
Trade and other receivables 5,405,547 4,824,189
Government grants 601,612
Amount due from related parties 1,666,909 447,241
Contract assets 2,164,205 1,272,390
Cash and bank balances 649,972 5,614,770
Total current assets 10,488,245 12,158,590
TOTAL ASSETS 13,025,327 14,257,298
Deficiency of assets    
Share capital 8,540 30,093
Share premium 32,102,426 24,882,564
Share-based payment reserves 3,162,544 2,361,094
Other reserves (100,774) (100,774)
Accumulated losses (62,015,211) (44,228,530)
Deficiency of assets attributed to equity holders of the Parent (26,842,475) (17,055,553)
Non-controlling interests (1,120,946) (857,320)
Total deficiency of assets (27,963,421) (17,912,873)
Non-current liabilities    
Provision for employees’ end-of-service benefits 166,013 131,109
Loans and borrowings   5,106,092
Lease liabilities 135,967 240,199
Government grants 310,163  
Deferred tax liabilities 14,625 17,898
Total non-current liabilities 626,768 5,495,298
Current liabilities    
Trade and other payables 15,892,129 14,409,807
Government grants 81,606
Contract liabilities 3,150,431 2,306,502
Loans and borrowings 18,526,802 7,629,743
Amount due to related parties 2,070,847 1,885,132
Income tax payable 518,500 358,016
Bank overdrafts 17,432 6,459
Lease liabilities 104,233 79,214
Total current liabilities 40,361,980 26,674,873
Total liabilities 40,988,748 32,170,171
TOTAL DEFICIENCY OF ASSETS AND LIABILITIES $ 13,025,327 $ 14,257,298