XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.25.2

SUBSEQUENT EVENTS | 6 Months Ended
--- | ---
Jun. 30, 2025
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 18 - SUBSEQUENT EVENTS Management has evaluated subsequent events through August 18, 2025 the date that the consolidated financial statements were available for issuance. On July 11, 2025, the Company entered into a twelfth amendment to its loan documents with Capital Foundry Funding LLC governing its revolving line of credit. The amendment reaffirmed a $5 million capacity including $4 million in overline availability, if necessary, at the discretion of Capital Foundry based on certain facts and circumstances concerning the Company’s accounts receivables and unbilled receivables. The amendment also clarified the definition of unbilled accounts for eligibility, set an overline fee of $37,000 to be paid in four installments by October 2025, and set the maturity date to March 7, 2027, unless extended further. The facility automatically renews for successive one year periods unless either party terminates by providing 90-day notice. On July 18, 2025, Freight Opportunities, LLC exercised 117,647 Ordinary Share warrants for 100,000 Ordinary shares on a cashless basis. On August 6, 2025, the Company entered into a securities purchase agreement with an accredited wherein the Company issued an aggregate of (i) 12,540,000 series B preferred shares; and (ii) 126,005 series A4 preferred shares for a total purchase price of $500,000. The Offering raised net cash proceeds of approximately $485,000 after deducting the transfer agent and legal fees and expenses.

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

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration