Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

INTEREST EXPENSE, NET

v3.25.1
INTEREST EXPENSE, NET
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
INTEREST EXPENSE, NET

NOTE 29 — INTEREST EXPENSE, NET

 

For the years ended December 31, 2024, 2023 and 2022, the Company earned interest income and incurred interest expense as follows:

 

    2024     2023     2022  
    Year Ended December 31,  
    2024     2023     2022  
Interest (Expense) income                        
Bank and other cash   $ 6,685     $ 45,104       26,380  
Total interest income/(expense)     6,685       45,104       26,380  
                         
Interest expense/finance costs                        
Lease liabilities     -       (787,340 )     (491,336 )
Other interest paid – loans     (1,153,125 )     (2,952,277 )     (847,520 )
Total interest expense/ finance costs     (1,153,125 )     (3,739,617 )     (1,338,856 )
                         
Total interest (expense), net   $ (1,146,440 )   $ (3,694,513 )     (1,312,476 )