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Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Taxes  
Schedule of reconciliation of income tax

 

 

 

 

 

 

 

 

    

December 31, 2019

    

December 31, 2018

    

December 31, 2017

Loss before tax

 

14,780,604

 

1,644,798

 

3,280,406

Tax calculated at a tax rate of 23.4%

 

3,458,661

 

384,883

 

767,615

Effect of different tax rates in other countries

 

(1,660)

 

(1,719)

 

(3,687)

Expenses charged against equity

 

(39,876)

 

(693,439)

 

(5,984)

Expenses not deductible for tax purposes

 

(418,356)

 

(542,632)

 

(191,812)

Total tax losses not recognized as deferred tax asset

 

(2,998,769)

 

852,907

 

(566,132)

Income tax expense

 

 —

 

 —

 

 —

 

Schedule of tax losses carry forwards

 

 

 

 

 

 

 

 

    

December 31, 2019

    

December 31, 2018

    

December 31, 2017

2018

 

 —

 

 —

 

28,861,010

2019

 

 —

 

27,481,171

 

28,287,766

2020

 

15,982,220

 

15,982,220

 

15,982,220

2021

 

1,224,210

 

1,224,210

 

1,224,210

2022

 

3,540,541

 

3,540,541

 

3,540,541

2023

 

141,425,567

 

3,309,636

 

3,309,636

2024

 

290,949

 

290,949

 

1,125,258

2025

 

3,586,490

 

3,586,490

 

 —

2026

 

23,467,858

 

 —

 

 —

Total unrecorded tax losses carry forwards

 

189,517,835

 

55,415,217

 

82,330,641