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

INTEREST EXPENSE, NET (Tables)

v3.25.1
INTEREST EXPENSE, NET (Tables)
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
SCHEDULE OF COMPANY EARNED INTEREST INCOME AND INCURRED INTEREST EXPENSE

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 )