Interest expense and other financial costs

12 Months Ended

Dec. 31, 2018

Interest expense and other financial costs [Abstract]

Interest expense and other financial costs

20 Interest expense and other financial costs

This line at December 31, 2018, 2017 and 2016 is comprised as follows:

	2018		2017		2016
Interest on other loans	$	80,580	$	97,590	$	98,630
Amortization of transaction cost associated with other loans		2,164		4,137		6,011
Other financial expenses		2,146		3,802		3,645
Interest on trust certificates		-		942,266		684,829
Transaction cost of mandatorily convertible debentures into shares		-		87,482		-
Amortization of trust certificate transaction cost		-		75,209		76,152
	$	84,890	$	1,210,486	$	869,267