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

FINANCIAL RISK MANAGEMENT (Tables)

v3.25.1
FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
DISCLOSURE OF MATURITY ANALYSIS FOR NON-DERIVATIVE FINANCIAL LIABILITIES

    Stage 1     Stage 2     Stage 3        
    2024  
    ECL staging  
    Stage 1     Stage 2     Stage 3        
   

Lifetime

ECL

    

Lifetime

ECL

    

Lifetime

ECL

     Total  
    USD     USD     USD     USD  
Accounts receivable     -       -       7,620,758       7,620,758  
Other receivables     -       -       1,741,176       1,741,176  
Gross receivables     -       -       9,361,934       9,361,934  
Credit impairment losses     -       -       (5,967,520 )     (5,967,520 )
Carrying amount     -       -       3,394,414       3,394,414  

 

    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     -       -       8,009,342       8,009,342  
Other receivables     -       -       50,465       50,465  
Gross receivables     -       -       8,059,807       8,059,807  
Credit impairment losses     -       -       (6,140,411 )     (6,140,411 )
Carrying amount     -       -       1,919,396       1,919,396  
SCHEDULE OF CONTRACTUAL MATURITY

 

    Carrying amount     Total contractual undiscounted cash flow     0-365 days     Over 1 year  
Accounts payable   $ 3,285,495     $ 3,285,495     $ 3,285,495     $ -  
Due to related parties     4,002,880       4,002,880       4,001,091       1,789  
Loans payable     10,263,804       10,263,804       229,815       10,033,989  
Short term debt     40,000       40,000       40,000       -  
                                 
Total   $ 17,592,179     $ 17,592,179     $ 7,556,401     $ 10,035,778  

 

2023

 

    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