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Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 2,749,851 $ 4,447,003
Restricted cash 23,130 31,171
Accounts receivable, net of allowance for doubtful account of $44,549 and $64,031 as of September 30, 2024 and December 31, 2023, respectively. 154,185 107,007
Inventory 50,914 121,513
Prepaid expenses 351,972 719,389
Other current assets 41,085 39,538
Total Current assets 3,371,137 5,465,621
Long term prepaid expenses 153,008
Right-of-use asset arising from operating lease 17,318 56,568
Property and equipment, net 51,322 66,581
Investment in nonconsolidated affiliate (Note 3) 1,001,625 1,655,461
Long term loans (Note 4) 438,846
Solar PV joint venture project (Note 4) 788,341
Total assets 5,821,597 7,244,231
Current Liabilities    
Accounts payable 32,842 43,539
Other liabilities 484,592 734,933
Total current liabilities 517,434 778,472
Operating lease liabilities 1,330 7,181
Total liabilities 518,764 785,653
Stockholders’ Equity    
Common stock, $ 0.0001 par value (“Common Stock”): 495,000,000 shares authorized as of September 30, 2024 and December 31, 2023; issued and outstanding 9,580,515 and 2,955,490 shares as of September 30, 2024 and December 31, 2023, respectively. 958 296
Preferred stock, $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of September 30, 2024 and December 31, 2023; no shares issued and outstanding as of September 30, 2024 and December 31, 2023.
Additional paid-in capital 38,646,023 35,866,223
Foreign currency translation adjustments (26,275) (26,275)
Accumulated deficit (33,180,457) (29,360,235)
Total Company’s stockholders’ equity 5,440,249 6,480,009
Non-controlling interests (137,416) (21,431)
Total stockholders’ equity 5,302,833 6,458,578
Total liabilities and stockholders’ equity $ 5,821,597 $ 7,244,231