Registration statement for securities of certain foreign private issuers

INTEREST EXPENSE, NET

v3.23.3
INTEREST EXPENSE, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Notes and other explanatory information [abstract]    
INTEREST EXPENSE, NET

NOTE 24 — INTEREST EXPENSE, NET

 

For the six months ended June 30, 2023 and June 30, 2022, the Company earned interest income and incurred interest expense as follows:

    2023     2022  
    Six months Ended June 30,  
    2023     2022  
Interest (expense) income                
Bank and other cash   $ 32,328     $ 10,418  
Total interest (expense) income     32,328       10,418  
                 
Interest expense/finance costs                
Lease liabilities     (427,134 )     (58,026 )
Other interest paid – loans     (1,604,555 )     (51,690 )
Amortization of debt discount     —       —  
Total interest expense/ finance costs     (2,031,689 )     (109,716 )
Total interest (expense), net    $ (1,999,361 )   $ (99,298 )

 

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 )