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Pension Liability (Tables)
12 Months Ended
Dec. 31, 2021
Pension Liability [Abstract]  
Schedule of information on the pension plan
   2021   2020   2019 
Service cost  $48,641   $24,875   $25,206 
Interest cost   732    832    2,992 
Expected return on assets   (6,314)   (1,713)   (4,249)
Effect of settlement   
-
    (28,754)   (5,810)
Actuarial loss outside corridor recognized   983    
-
    
-
 
Administrative expenses   3,141    1,185    1,946 
                
Net periodic pension cost  $47,183   ($3,575)  $20,085 

 

Schedule of projected benefit obligation and the changes to the fair value of the plan assets of the pension plan
   2021   2020 
Projected benefit obligation, beginning of period  $273,675   $386,064 
Service cost   48,641    24,875 
Interest cost   732    832 
Transfers-in and (-out), net   442,557    (169,942)
Actuarial (gain)/ loss   167,864    3,561 
Currency conversion adjustments   (6,100)   28,285 
Projected benefit obligation, end of period  $927,369   $273,675 
           
Plan assets, beginning of period  $95,406   $205,816 
Actual return on plan assets   70,634    (620)
Employer contributions   34,062    15,207 
Participant contributions   20,738    6,954 
Transfers-in and (-out), net   392,021    (142,931)
Administration expenses   (3,141)   (1,185)
Currency conversion adjustments   (1,242)   12,165 
Plan assets, end of period  $608,478   $95,406 
           
Accrued pension liability  $318,891   $178,269 

 

Schedule of unrecognized pension cost in accumulated other comprehensive income/loss
   2021   2020 
Net loss, beginning of period  $19,381   $18,698 
Other gain/loss during the period   103,544    5,895 
Other prior year gain/loss recognized in period   (983)     
Effect of settlement   
-
    (5,212)
Amortization of pension related net loss   
-
    
-
 
Net loss, end of period   121,942    19,381 
           
Prior service cost, beginning of period   
-
    
-
 
Amortization of prior service cost   29,797    
-
 
Prior service cost end of period   29,797    
-
 
           
Total unrecognized pension cost, end of period  $151,739   $19,381 

 

Schedule of weighted average of the key assumptions used to compute the benefit obligations
   2021   2020 
Discount rate   0.30%   0.15%
Rate of increase in compensation level   0.00%   0.00%
Interest credit rate on savings accounts   1.00%   1.00%
Expected long-term rate of return on plan assets   2.00%   2.00%
Inflation rate   0.60%   0.60%