XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.25.1

Financial Instruments by Category | 3 Months Ended
--- | ---
Mar. 31, 2025
Financial Instruments by Category [Abstract] |
Financial Instruments by Category |
| (6) | Financial instruments by category
The carrying value of financial instruments category as of March 31, 2025 and December 31, 2024 are as follows:
|  | March 31, 2025 |
Fianancial assets: |  | Financial assets at amortized cost |  |  | Financial assets at fair value |  |  | Financial liabilities at amortized cost |  |  | Total |
Cash and cash equivalents |  | $ | 1,595,697 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,595,697 |
Trade and other receivables |  |  | 799,537 |  |  |  | - |  |  |  | - |  |  |  | 799,537 |
Other current financial assets |  |  | 54,552 |  |  |  | - |  |  |  | - |  |  |  | 54,552 |
Other non-current financial assets |  |  | 349,964 |  |  |  | - |  |  |  | - |  |  |  | 349,964 |
Fianancial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | - |  |  |  | - |  |  |  | 7,296,793 |  |  |  | 7,296,793 |
Accrued expenses |  |  | - |  |  |  | - |  |  |  | 726,325 |  |  |  | 726,325 |
Current financial liabilities |  |  | - |  |  |  | - |  |  |  | 4,457,657 |  |  |  | 4,457,657 |
Non-current financial liabilities |  |  | - |  |  |  | - |  |  |  | 253,042 |  |  |  | 253,042 |
|  | December 31, 2024 |
Fianancial assets: |  | Financial assets at amortized cost |  |  | Financial assets at fair value |  |  | Financial liabilities at amortized cost |  |  | Total |
Cash and cash equivalents |  | $ | 341,543 |  |  | $ | - |  |  | $ | - |  |  | $ | 341,543 |
Trade and other receivables |  |  | 933,824 |  |  |  | - |  |  |  | - |  |  |  | 933,824 |
Other current financial assets |  |  | 54,422 |  |  |  | - |  |  |  | - |  |  |  | 54,422 |
Other non-current financial assets |  |  | 329,252 |  |  |  | - |  |  |  | - |  |  |  | 329,252 |
Fianancial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | - |  |  |  | - |  |  |  | 1,078,760 |  |  |  | 1,078,760 |
Accrued expenses |  |  | - |  |  |  | - |  |  |  | 459,883 |  |  |  | 459,883 |
Borrowings |  |  | - |  |  |  | - |  |  |  | 2,297,411 |  |  |  | 2,297,411 |
Net gains or losses by financial instrument category for the three-months ended March 31, 2025 and 2024 are as follows:
|  | For the three-month ended March 31, 2025 |  |  | For the three-month ended March 31, 2024 |
Amortized cost: |  |  |  |  |  |
Interest income |  | $ | 4,318 |  |  | $ | 5,526 |
Foreign exchange gains |  |  | 491 |  |  |  | 11,726 |
Gains on foreign currency translation |  |  | 18,582 |  |  |  | 12,619 |
Interest expense |  |  | (16,399 | ) |  |  | (13,545 | )
Losses on foreign currrency transaction |  |  | (9,274 | ) |  |  | (20,695 | )
Losses on foreign currrency translation |  |  | (15,507 | ) |  |  | (47,391 | )

X
- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/825/tableOfContent + Details
Name: | us-gaap_FinancialInstrumentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration