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Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,239,632 $ 6,089,837
Prepaid expenses 3,829,437 4,748,749
Trade and other receivables, net 11,922,238 15,167,729
Total current assets 18,991,307 26,006,315
Property, plant and equipment, net 25,132,016 28,071,415
Derivative asset 4,807,505 2,884,984
Security deposits 479,323 494,403
Operating lease right-of-use asset, net 3,329,613 3,983,378
Total assets 52,739,764 61,440,495
Current liabilities:    
Trade and other payables 34,476,831 39,398,160
Current portion of operating lease liability 1,281,944 1,270,989
Current portion of finance lease liability 388,447 358,515
Current portion of long-term loans 23,109,001 20,919,754
Total current liabilities 59,256,223 61,947,418
Operating lease liability, net of current portion 1,818,730 2,523,957
Finance lease liability, net of current portion 4,713 207,957
Total liabilities 61,079,666 64,679,332
Commitments and Contingencies
Stockholders’ deficit:    
Preferred stock, 1,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.001 par value per share; 90,000,000 shares authorized, 20,832,116 and 18,792,360 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 20,832 18,792
Additional paid-in capital 228,418,637 225,341,912
Accumulated other comprehensive income 351,091 198,625
Accumulated deficit (237,130,462) (228,798,166)
Total stockholders’ deficit (8,339,902) (3,238,837)
Total liabilities and stockholders’ deficit $ 52,739,764 $ 61,440,495