Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

16. Leases

The Company has entered into non-cancellable operating leases for offices and vehicles. Lease cost recognized in the Company’s consolidated statements of income is summarized as follows:

	Period ended December 31, 2024
Operating lease costs in the period from December 16th to December 31st	$	54,914
Total lease cost:	$	54,914

There were no cash payments during the reporting period.

Other information about lease amounts recognized in the consolidated financial statements, as of December 31, 2024) is as follows:

Weighted-average remaining lease term – 6.44 years

Weighted-average discount rate – 2.15%

The following table depicts the undiscounted cashflow on an annual basis of each of the next five years and the sum for all the years thereafter:

	Year ended December 31, 2024
1 year	$	1,208,417
1-2 years		1,201,290
2-3 years		1,193,803
3-4 years		1,193,803
4-5 years		1,193,803
5+ years		2,387,606
Total undiscounted cashflow		8,378,722
Interest		(607,743	)
Lease Liability as of December 31, 2024	$	7,770,979