Registration statement for securities of certain foreign private issuers

INTEREST EXPENSE, NET

v3.23.2
INTEREST EXPENSE, NET
 12 Months Ended
Dec. 31, 2022
INTEREST EXPENSE, NET

NOTE 26 — INTEREST EXPENSE, NET

 

For the years ended December 31, 2022 and 2021, the Company earned interest income and incurred interest expense as follows:

 

    2022     2021  
    Years Ended December 31,  
    2022     2021  
Interest (expense) income                
Bank and other cash   $ 26,380   $ (74,081 )
Total interest (expense) income     26,380     (74,081 )
                 
Interest expense/finance costs                
Lease liabilities     (491,336 )     (131,291 )
Other interest paid – loans     (847,520 )     (103,357 )
Amortization of debt discount     —       (140,837 )
Total interest expense/ finance costs     (1,338,856 )     (375,485 )
Total interest (expense), net    $ (1,312,476 )   $ (449,566 )