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Consolidated Condensed Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,469,661 $ 6,089,837
Prepaid expenses 3,836,315 4,748,749
Trade and other receivables, net 10,893,954 15,167,729
Total current assets 20,199,930 26,006,315
Property, plant and equipment, net 26,549,998 28,071,415
Derivative asset 6,944,557 2,884,984
Security deposits 504,403 494,403
Operating lease right-of-use asset, net 3,665,047 3,983,378
Total assets 57,863,935 61,440,495
Current liabilities:    
Trade and other payables 33,521,524 39,398,160
Current portion of operating lease liability 1,289,341 1,270,989
Current portion of finance lease liability 368,395 358,515
Current portion of long-term loans 21,763,976 20,919,754
Total current liabilities 56,943,236 61,947,418
Operating lease liability, net of current portion 2,251,867 2,523,957
Finance lease liability, net of current portion 112,858 207,957
Total liabilities 59,307,961 64,679,332
Commitments and Contingencies
Stockholders’ deficit:    
Preferred stock; 1,000,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.001 par value per share; 90,000,000 shares authorized, 18,792,360 shares issued and outstanding as of March 31, 2025 and December 31, 2024 18,792 18,792
Additional paid-in capital 227,442,416 225,341,912
Accumulated other comprehensive income 203,795 198,625
Accumulated deficit (229,109,029) (228,798,166)
Total stockholders’ deficit (1,444,026) (3,238,837)
Total liabilities and stockholders’ deficit $ 57,863,935 $ 61,440,495