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

INTEREST EXPENSE, NET

v3.25.4
INTEREST EXPENSE, NET
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
INTEREST EXPENSE, NET

NOTE 30 — INTEREST EXPENSE, NET

 

For the years ended December 31, 2025, 2024 and 2023, the Company earned interest income and incurred interest expense as follows:

 

    2025     2024     2023  
    Year Ended December 31,  
    2025     2024     2023  
Interest income                        
Bank and other cash   $ 177,218     $ 6,673       44,481  
Total interest income     177,218       6,673       44,481  
                         
Interest expense/finance costs                        
Lease liabilities     (79,939 )     -       (787,341 )
Other interest paid – loans     (3,488,756 )     (1,139,785 )     (2,951,188 )
Total interest expense/ finance costs     (3,568,695 )     (1,139,785 )     (3,738,529 )
                         
Total interest (expense), net   $ (3,391,477 )   $ (1,133,112 )     (3,694,048 )