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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets
A summary of the changes in projected benefit obligations (“PBO”) and plan assets is presented below:

December 31, 2023December 31, 2022
Beginning PBO $1,321,969 $1,322,874 
Service cost 122,698 451,075 
Interest cost30,639 5,056 
Contributions by plan participants200,424 138,243 
Actuarial (gain) / losses 487,991(374,317)
Benefits paid229,902(204,695)
Foreign currency exchange rates changes208,608(16,267)
Plan amendment(107,750)—
Ending PBO$2,494,481$1,321,969

December 31, 2023December 31, 2022
Beginning fair value of plan assets$1,039,763 $1,083,014 
Expected return on plan assets36,523 15,522 
Return on plan assets above expected return48,938 (115,877)
Contributions by the employer200,424 138,243 
Contributions by plan participants200,424138,243
Benefits paid 229,902(204,695)
Foreign currency exchange rates changes155,082(14,687)
Ending fair value of plan assets$1,911,056$1,039,763
Schedule of Defined Benefit Plans Disclosures Amounts recorded on the consolidated balance sheets:
December 31, 2023December 31, 2022
Fair value of plan assets$1,911,056 $1,039,763 
Present value of projected benefit obligation(2,494,481)(1,321,969)
Funded status$(583,425)$(282,206)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recorded in accumulated other comprehensive (income) / loss:
December 31, 2023December 31, 2022
Actuarial (gain) / loss - beginning of year$(101,716)$168,177 
Actuarial (gain) / loss of current year444,329(268,076)
Amortization—(1,817)
Prior service (cost) / credit recognized in current year(107,750)—
Total$234,863$(101,716)
Defined Benefit Plan, Assumptions
The assumptions used to calculate the ASC 715 liabilities are summarized in the table below:

December 31, 2023December 31, 2022
Discount rate1.35%p.a.2.20%p.a.
Expected return on plan assets3.00%p.a.3.80%p.a.
Inflation1.80%p.a.1.80%p.a.
Long-term expected rate of salary increase2.30%p.a.2.30%p.a.
Defined Benefit Plan, Plan Assets, Allocation
The allocation of plan assets is presented below:

December 31, 2023December 31, 2022
Equities34.00 %34.11 %
Bonds32.00 %28.89 %
Mortgages4.00 %3.86 %
Liquidity1.00 %2.41 %
Real estate26.00%27.17%
Alternative investments3.00%3.40%
Infrastructure—%0.16%