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

FINANCIAL RISK MANAGEMENT (Tables)

v3.24.1.1.u2
FINANCIAL RISK MANAGEMENT (Tables)
12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Disclosure of maturity analysis for non-derivative financial liabilities

    Stage 1     Stage 2     Stage 3        
    2023  
    ECL staging  
    Stage 1     Stage 2     Stage 3        
   

Lifetime

ECL

   

Lifetime

ECL

   

Lifetime

ECL

    Total  
    USD     USD     USD     USD  
Accounts receivable        -           -       8,411,825       8,411,825  
Other receivable     -       -       50,465       50,465  
Gross receivable     -       -       8,462,290       8,462,290  
Credit impairment losses     -       -       (6,542,904 )     (6,542,904 )
Carrying amount     -       -       1,919,396       1,919,396  

 

    Stage 1     Stage 2     Stage 3        
    2022  
    ECL staging  
    Stage 1     Stage 2     Stage 3        
   

Lifetime

ECL

   

Lifetime

ECL

   

Lifetime

ECL

    Total  
    USD     USD     USD     USD  
Accounts receivable        -           -       8,577,930       8,577,930  
Other receivable     -       -       120,304       120,304  
Gross receivable     -       -       8,698,234       8,698,234  
Credit impairment losses     -       -       (3,721,293 )     (3,721,293 )
Carrying amount     -       -       4,976,941       4,976,941  
SCHEDULE OF CONTRACTUAL MATURITY

 

    Carrying amount     Total contractual undiscounted cash flow     0-365 days     Over 1 year  
Accounts payable   $ 4,406,850     $ 4,406,850     $ 4,406,850     $ -  
Due to related parties     2,148,148       2,148,148       2,148,148       -  
Loans payable     2,722,111       2,722,111       2,467,656       254,455  
Short term debt     122,415       122,415       122,415       -  
                                 
Total   $ 9,399,524     $ 9,399,524     $ 9,145,069     $ 254,455  

 

2022

 

    Carrying amount     Total contractual undiscounted cash flow     0-365 days     Over 1 year  
Accounts payable   $ 1,672,306     $ 1,672,306     $ 1,672,306     $ -  
Due to related parties     2,299,231       2,299,231       2,299,231       -  
Operating lease liabilities     12,984,875       12,984,875       1,590,538       11,394,337  
Loans payable     762,416       762,416       334,391       428,025  
Convertible debt obligations     7,975,851       7,975,851       5,752,328       2,223,523  
Short term debt     539,245       539,245       539,245       -  
                                 
Total   $ 26,233,924     $ 26,233,924     $ 12,188,039     $ 14,045,885