|
The following table summarizes
the activity of loans payable during the six months ended June 30, 2025:
| |
|
Principal
balance at
December 31,
2024 |
|
|
Principal
additions |
|
|
Principal
repayments
in cash |
|
|
Other |
|
|
Effects
of foreign
exchange
rates |
|
|
Principal
balance at
June 30,
2025 |
|
| Bounce Back Loan Scheme |
|
$ |
19,602 |
|
|
$ |
- |
|
|
$ |
(7,079 |
) |
|
$ |
- |
|
|
$ |
1,903 |
|
|
$ |
14,426 |
|
| First Insurance - 2024 |
|
|
584 |
|
|
|
- |
|
|
|
-
|
|
|
|
(584 |
) |
|
|
- |
|
|
|
- |
|
| First Insurance - 2025 |
|
|
- |
|
|
|
613,700 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
613,700 |
|
| Other loans payable |
|
|
134,319 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
134,319 |
|
| Total loans payable |
|
$ |
154,505 |
|
|
$ |
- |
|
|
$ |
(7,079 |
) |
|
$ |
(584 |
) |
|
$ |
1,903 |
|
|
$ |
762,445 |
|
| Less: loans payable – current portion |
|
|
147,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
762,445 |
|
| Loans payable – noncurrent portion |
|
$ |
6,616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
- |
|
|