Quarterly report [Sections 13 or 15(d)]

Loans Payable (Tables)

v3.25.1
Loans Payable (Tables)
3 Months Ended
Mar. 31, 2025
Loans Payable [Abstract]  
Schedule of Loans Payable

The following table summarizes the activity of loans payable during the three months ended March 31, 2025:

 

    Principal
balance at
December 31,
2024
    Principal
additions
    Principal
repayments
in cash
    Effects
of foreign
exchange
rates
    Principal
balance at
March 31,
2025
 
Bounce Back Loan Scheme   $ 19,602     $
            -
    $ (3,321 )   $ 632     $ 16,913  
First Insurance - 2024     584      
-
     
-
     
-
      584  
Other loans payable     134,319      
-
     
-
     
-
      134,319  
Total loans payable   $ 154,505     $
-
    $ (3,321 )   $ 632     $ 151,816  
Less: loans payable – current portion     147,889                               148,391  
Loans payable – noncurrent portion   $ 6,616                             $ 3,425