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

FAIR VALUE INFORMATION

v3.25.1
FAIR VALUE INFORMATION
12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
FAIR VALUE INFORMATION

NOTE 33 — FAIR VALUE INFORMATION

 

Fair value hierarchy

 

The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows:

 

Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access at measurement date.

 

Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly.

 

Level 3: Unobservable inputs for the asset or liability.

 

As of December 31, 2024 and 2023, 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, 2024  
    Level 1     Level 2     Level 3     Total  
FINANCIAL ASSETS                                
Cash   $ 1,614,933                 $ 1,614,933  

 

    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