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

INTEREST EXPENSE, NET (Tables)

v3.25.4
INTEREST EXPENSE, NET (Tables)
12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
SCHEDULE OF COMPANY EARNED INTEREST INCOME AND INCURRED INTEREST EXPENSE

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 )