Quarterly report pursuant to Section 13 or 15(d)

Loans Payable (Tables)

v3.24.2.u1
Loans Payable (Tables)
6 Months Ended
Jun. 30, 2024
Loans Payable [Abstract]  
Schedule of Loans Payable The following table summarizes the activity of loans payable during the six months ended June 30, 2024:
    Principal
balance at
December 31,
2023
    Principal
additions
    Principal
repayments
in cash
    Noncash
settlement
    Effects
of foreign
exchange
rates
    Principal
balance at
June 30,
2024
 
Bounce Back Loan Scheme   $ 32,818     $
-
    $ (6,518 )   $
-
    $ (212 )   $ 26,088  
First Insurance - 2023     785,150               (523,434 )    
-
     
-
      261,716  
Other loans payable     236,092      
 
     
-
      (81,720 )     109       154,481  
Total loans payable   $ 1,054,060     $ 77,702     $ (529,952 )   $ (131,720 )   $ (103 )   $ 442,285  
Less: loans payable – current portion     1,034,124                                       428,996  
Loans payable – noncurrent portion   $ 19,936                                     $ 13,289