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Debt and other liabilities (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Debt and Other Liabilities [Abstract]    
Schedule of Short-Term Debt and Other Liabilities

 

 

June 30, 2024

$

 

 

December 31, 2023

$

 

Short-term debt

 

 

 

 

 

 

Short-term debt from Related parties (5.1)

 

860,778

 

 

6,225,815

 

Short-term debt to related party (5.2)

 

 

 

132,269

 

Convertible debt (5.3)

 

 

 

31,088,259

 

Promissory loan note (5.5)

 

437,956

 

 

 

Total short-term debt

 

1,298,734

 

 

37,446,343

 

Long-term debt

 

 

 

 

 

 

Convertible promissory notes (5.4)

 

5,395,702

 

 

 

Convertible loans (5.3)

 

38,737,594

 

 

 

Total long-term debt

 

44,133,296

 

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(as restated)

 

 

(as restated)

 

Short-term debt and other liabilities

 

 

 

 

 

 

Short-term debt to related parties (8.1)

 

$

6,225,815

 

 

$

697,067

 

Short term convertible debt to related party (8.4)

 

 

132,269

 

 

 

 

Ordinary shares payable (8.2)

 

 

8,223,928

 

 

 

 

Share-based payment liability (8.5)

 

 

1,311,028

 

 

 

 

Convertible debt (8.3)

 

 

31,088,259

 

 

 

 

Non-current debt and other liabilities

 

 

 

 

 

 

Share-based payment liability (8.4)

 

 

 

 

 

1,177,617

 

Convertible debt (8.3)

 

 

 

 

 

25,302,709

 

Schedule of Convertible debt

The carrying amount of the convertible debt was as follows:

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Convertible debt

 

 

 

 

 

 

Convertible debt under troubled debt

   restructuring

 

38,737,594

 

 

31,220,528

 

 

 

38,737,594

 

 

31,220,528

 

The carrying amount of the convertible debt was as follows:

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(as restated)

 

 

(as restated)

 

Convertible debt

 

 

 

 

 

 

Principal amount of notes

 

$

 

 

$

24,000,000

 

Accrued interest

 

 

 

 

 

3,221,233

 

Discount on convertible debt

 

 

 

 

 

(1,918,524

)

Short term convertible debt to related party

 

 

132,269

 

 

 

 

Convertible debt under troubled debt restructuring

 

 

31,088,259

 

 

 

 

 

 

31,220,528

 

 

 

25,302,709

 

Schedule of convertible promissory notes
5.4.
Convertible promissory notes:

 

Convertible promissory notes

 

 

 

 

 

Convertible promissory note

 

2,508,685

 

 

Promissory loan note

 

2,887,017

 

 

Total convertible promissory notes

 

5,395,702

 

 

 
Schedule of the senior secured convertible note and secured convertible loans  

The following table sets forth the interest expense recognized related to the senior secured convertible notes and unsecured convertible loans:

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(as restated)

 

 

(as restated)

 

Convertible debt

 

 

 

 

 

 

Accrued interest

 

$

7,269

 

 

$

3,221,233

 

Amortization of debt discount

 

 

 

 

 

163,976

 

 

 

7,269

 

 

 

3,385,209