v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
Share capital
Treasury shares
Other reserve
Foreign currency translation reserve
Equity component of convertible loan
Retained earnings/ (Accumulated deficit)
Total
Non- controlling interest
Total
Balance at Dec. 31, 2022 $ 1,228,037 $ 13,238 $ 7,587 $ (306,537) $ 942,325 $ (676) $ 941,649
Comprehensive income/(loss) for the year                  
Profit Loss for the year 852,334 852,334 11,703 864,037
Other comprehensive income/(loss)                  
Exchange differences on translation of foreign operations 7,429 7,429 (128) 7,301
Total comprehensive income/(loss) for the year 7,429 852,334 859,763 11,575 871,338
Transactions with owners of the Company                  
Conversion of convertible notes 736,113 (7,587) 728,526 728,526
Issuance of convertible notes 1,600,000 1,600,000 1,600,000
Transactions with owners of the Company 2,336,113 (7,587) 2,328,526 2,328,526
Balance at Dec. 31, 2023 3,564,150 20,667 545,797 4,130,614 10,899 4,141,513
Comprehensive income/(loss) for the year                  
Profit Loss for the year (4,837,765) (4,837,765) (6,733) (4,844,498)
Other comprehensive income/(loss)                  
Exchange differences on translation of foreign operations 200,396 200,396 1,018 201,414
Total comprehensive income/(loss) for the year 200,396 (4,837,765) (4,637,369) (5,715) (4,643,084)
Transactions with owners of the Company                  
Issue of ordinary shares 4,500,000 4,500,000 4,500,000
Offering costs (2,783,744) (2,783,744) (2,783,744)
Establishment of a non-wholly owned subsidiary 38,150 38,150
Equity-settled share-based payments 6,239,990 6,239,990 6,239,990
Shares repurchase (1,298,250) (1,298,250) (1,298,250)
Transactions with owners of the Company                  
Transactions with owners of the Company 1,716,256 (1,298,250) 6,239,990 6,657,996 38,150 6,696,146
Balance at Dec. 31, 2024 5,280,406 (1,298,250) 6,239,990 221,063 (4,291,968) 6,151,241 43,334 6,194,575
Comprehensive income/(loss) for the year                  
Profit Loss for the year           (21,419,142) (21,419,142) (164,656) (21,583,798)
Other comprehensive income/(loss)                  
Exchange differences on translation of foreign operations       457,239     457,239 (3,631) 453,608
Total comprehensive income/(loss) for the year       457,239   (21,419,142) (20,961,903) (168,287) (21,130,190)
Dividend declared to NCI               (88,611) (88,611)
Transactions with owners of the Company                  
Issue of ordinary shares for business combination 13,376,000           13,376,000 3,525,616 16,901,616
Issue of ordinary shares for assets acquisition 5,760,000           5,760,000   5,760,000
Transfer shares from treasury shares for business combination 11,819 6,560         18,379   18,379
Transfer shares from treasury shares for service fee 13,424 39,355         52,779   52,779
Issue of ordinary shares and warrants in connection with follow-on offering 384,188           384,188   384,188
Equity-settled share-based payments     5,516,400       5,516,400   5,516,400
Transactions with owners of the Company                  
Transactions with owners of the Company 19,545,431 45,914 5,516,400   25,107,745 3,525,616 28,633,361
Capital contribution from NCI               582 582
Balance at Dec. 31, 2025 $ 24,825,837 $ (1,252,336) $ 11,756,390 $ 678,302   $ (25,711,110) $ 10,297,084 $ 3,312,634 $ 13,609,718