Taxation (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure of Taxation [Abstract]  
Schedule of income tax expense
   2022   2021   2020 
Deferred income tax expense   (52,004)   (570,730)   (389,384)
Deferred income tax gain   62,332    549,110    410,668 
Income tax gain/(loss)   10,329    (21,620)   21,284 

 

Schedule of effective income tax expense
Reconciliation  2022   2021   2020 
Loss before income tax   (26,538,740)   (17,036,823)   (8,221,449)
Income tax at statutory tax rates applicable to results in the respective countries   3,641,775    2,348,057    991,120 
Effect of unrecognized temporary differences   (125,260)   (632,031)   (302,557)
Effect of unrecognized taxable losses   (3,015,088)   (1,885,486)   (184,881)
Effect of impairment of assets   
    (75,375)   
 
Effect of previously unrecognized deferred tax asset   
    
    97,458 
Effect of expenses not considerable for tax purposes   
    
    (47,894)
Effect of impact from application of different tax rates   (491,098)   223,215    (531,962)
Income tax gain/(loss)   10,329    (21,620)   21,284 

 

Schedule of deferred taxes assets and liabilities
   December 31,   December 31, 
Deferred Tax Liabilities  2022   2021 
Intangible assets   
    (51,914)
Deferred unrealized foreign exchange gains   
    
 
Other receivables   (167,299)   (122,449)
Total   (167,299)   (174,363)

 

   December 31,   December 31, 
Deferred Tax Asset  2022   2021 
Net operating loss (NOL)   41,429    31,879 
Total   41,429    31,879 
Deferred Tax, net   (125,870)   (142,484)

 

Schedule of recognized tax benefits deferred tax
   Opening   Recognized in   Recognized in   Exchange   Closing 
Deferred Tax 2022  Balance   Profit or Loss   Equity   Differences   Balance 
Intangible assets   (51,914)   51,958    
    —
    (44)   
 
Other receivables   (122,449)   (52,004)   
    7,154    (167,299)
Net operating loss (NOL)   31,879    10,374    
    (825)   41,429 
Total   (142,484)   10,329    
    6,285    (125,870)

 

   Opening   Recognized in   Recognized in   Exchange   Closing 
Deferred Tax 2021  Balance   Profit or Loss   Equity   Differences   Balance 
Intangible assets   (252,174)   199,056    
    —
    1,204    (51,914)
Deferred unrealized foreign exchange gains   (350,054)   350,054    
    
    
 
Derivative financial asset   
    (127,000)   
    4,551    (122,449)
Net operating loss (NOL)   476,363    (443,730)   
    (754)   31,879 
Total   (125,865)   (21,620)   
    5,001    (142,484)

 

Schedule of tax loss carry forwards
   December 31,   December 31, 
   2022   2021 
Within 1 year   27,956,899    28,909,896 
Between 1 and 3 years   31,668,498    50,673,943 
Between 3 and 7 years   41,797,708    29,007,049 
More than 7 years   1,691,572    1,264,262 
Total   103,114,677    109,855,150 

 

Schedule of tax effect of major unrecognized temporary differences and loss
   December 31,   December 31, 
   2022   2021 
Deductible temporary differences        
Deferred income   111,025    
 
Employee benefit plan   43,841    87,149 
Other accounts payable   
    344,822 
Total potential tax assets   154,866    431,971 
Potential tax assets from loss carry-forwards not recognized   13,297,723    14,271,306 
Total potential tax assets from loss carry-forwards and temporary differences not recognized   13,452,589    14,703,277