TERM FINANCE CERTIFICATES (TFCs) (Tables)

9 Months Ended

Sep. 30, 2023

TERM FINANCE CERTIFICATES (TFCs)

Summary of term finance certificate

	September 30, 2023			December 31,  2022
	(Unaudited)
Opening balance	$	7,458,750		$	7,847,937
Repayments		-			(389,187	)
		7,458,750			7,458,750
Current portion		(2,510,149	)		(2,463,737	)
		4,948,601			4,995,013
Add: Deferred markup		748,988			1,421,704
Exchange adjustment		(3,349,952	)		(2,373,910	)
Closing balance	$	2,347,637		$	4,042,807