Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

FAIR VALUE INFORMATION (Tables)

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FAIR VALUE INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
SUMMARY OF FINANCIAL ASSETS AND LIABILITIES BY LEVEL WITHIN THE FAIR VALUE HIERARCHY

As of December 31, 2023 and 2022, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows:

 

    Level 1     Level 2     Level 3     Total  
    As of December 31, 2023  
    Level 1     Level 2     Level 3     Total  
FINANCIAL ASSETS                                
Cash and Restricted Cash   $ 1,325,779     $ —     $ —     $ 1,325,779  
                                 
FINANCIAL LIABILITIES                                
Contingent liabilities     —       —       3,714,000       3,714,000  

 

    Level 1     Level 2     Level 3     Total  
    As of December 31, 2022  
    Level 1     Level 2     Level 3     Total  
FINANCIAL ASSETS                                
Cash and Restricted Cash   $ 16,829,385     $ —     $ —     $ 16,829,385  
                                 
FINANCIAL LIABILITIES                                
Contingent liabilities     —       —       36,488,594       36,488,594