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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 803,783 $ 756,231
Restricted cash 2,212,810 2,364,341
Accounts receivable - net 3,856,468 3,302,580
Short term investments 102,175 171,529
Prepayments 16,935 14,839
Stores and spares 819,367 1,066,725
Loans and advances 3,730,462 3,668,905
Other receivables 1,518,885 1,178,698
Total current assets 13,060,885 12,523,848
Property, plant and equipment 17,765,581 23,715,533
Operating lease right-of-use assets 440,652 707,991
Intangible assets - net 11,894,055 15,486,688
Long term loans and other assets 4,558,467 3,637,739
Deferred tax asset 8,220,907 11,065,173
TOTAL ASSETS 55,940,548 67,136,972
Current liabilities:    
Trade and other payables 24,586,470 28,027,230
Current portion of non-current liabilities 4,683,369 5,267,245
Accrued interest 2,154,145 2,041,753
Short term borrowings 1,104,522 1,531,718
Provision for taxation - net 1,314,545 1,678,731
Total current liabilities 33,843,051 38,546,677
Term finance certificates 2,347,637 4,042,807
Long term financing - secured 1,459,508 1,376,205
Long term deposits and payable 1,339,455 1,807,353
License fee payable 157,430 200,586
Operating lease liability 668,326 955,681
Other payables 1,306,220 1,866,732
Total non-current liabilities 7,278,576 10,249,364
TOTAL LIABILITIES 41,121,627 48,796,041
SHAREHOLDERS' EQUITY:    
Preferred shares 0 2,978,090
Dividend on preferred shares 0 1,085,625
Common stock, $0.0001 par value - authorized 500,000,000 shares at September 30, 2023 and December 31, 2022 and issued 139,763,391 and 139,763,391 shares at September 30, 2023 and December 31, 2022 13,976 13,976
Accumulated other comprehensive loss (1,720,916) (769,359)
Accumulated deficit (35,358,619) (35,079,562)
Shareholders' Equity Attributable to the Parent Company (37,065,559) (31,771,230)
Non - controlling interest 51,884,480 50,112,161
TOTAL SHAREHOLDERS' EQUITY 14,818,921 18,340,931
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 55,940,548 $ 67,136,972