Selling and Administrative Expenses - Summary of Selling and Administrative Expenses (Details) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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| Selling, general and administrative expense [abstract] | |||
| Salaries | $ 2,348,048 | $ 2,124,171 | $ 2,712,236 |
| Sundry allowances | 110,106 | 91,199 | 79,529 |
| Miscellaneous salaries | 0 | 9,288 | 11,894 |
| Severance benefit | 198,097 | 158,813 | 228,936 |
| Employee benefits | 276,654 | 252,445 | 241,410 |
| Travel expenses | 314,736 | 268,660 | 209,412 |
| Entertainment expenses | 75,260 | 37,393 | 34,537 |
| Communication expenses | 22,156 | 14,593 | 17,502 |
| Utilities | 7,285 | 18,398 | 9,626 |
| Electricity | 64,427 | 52,249 | 46,764 |
| Taxes and dues | 120,438 | 121,199 | 274,993 |
| Depreciation | 303,608 | 411,596 | 479,139 |
| Rent | 363,459 | 195,134 | 71,008 |
| Repairing cost | 10,939 | 106,354 | 6,755 |
| Insurance | 212,261 | 27,816 | 33,332 |
| Vehicle maintenance | 11,313 | 4,574 | 10,797 |
| Research and development expenses | 750,309 | 300,486 | 927,206 |
| Transportation | 183,664 | 308,279 | 156,697 |
| Training | 828 | 12 | 2,240 |
| Publication expenses | 17,772 | 17,819 | 10,934 |
| Packing charge | 0 | 0 | 8,568 |
| Office supplies | 26,475 | 26,043 | 12,496 |
| Consumable supplies | 37,747 | 39,790 | 25,353 |
| Commission | 1,093,270 | 484,107 | 514,879 |
| Professional fee | 1,907,205 | 1,358,068 | 3,191,779 |
| Advertisement expense | 349,661 | 225,067 | 70,549 |
| Export expense | 0 | 0 | 7,149 |
| Bad debt expenses | 2,427,642 | 46,005 | 15,586,247 |
| Product warranty expense | 29,637 | 5,503 | 33,573 |
| Miscellaneous expense | 7,788 | 19,116 | 20,370 |
| Amortization | 1,750,177 | 1,412,799 | 1,046,403 |
| Employee share compensation Cost | 2,532,821 | 687,888 | 277,638 |
| Safety | 0 | 2,755 | 3,844 |
| Total | $ 15,553,783 | $ 8,827,619 | $ 26,363,795 |
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- Definition Bad debt expenses. No definition available.
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- Definition Consumable supplies expenses. No definition available.
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- Definition Electricity expenses. No definition available.
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- Definition Employee share compensation cost. No definition available.
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- Definition Entertainment expenses. No definition available.
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- Definition Export expense. No definition available.
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- Definition Miscellaneous salaries. No definition available.
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- Definition Office supplies expenses. No definition available.
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- Definition Packing charge expenses. No definition available.
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- Definition Product warranty expenses No definition available.
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- Definition Publication expenses. No definition available.
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- Definition Rent expenses. No definition available.
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- Definition Safety expense. No definition available.
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- Definition Severance benefit. No definition available.
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- Definition Sundry allowances. No definition available.
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- Definition Taxes and dues. No definition available.
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- Definition Training expenses No definition available.
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- Definition Vehicle maintenance expenses. No definition available.
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- Definition The amount of expense arising from advertising. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of amortisation expense. Amortisation is the systematic allocation of depreciable amounts of intangible assets over their useful lives. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from communication. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expense relating to fees and commissions. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from purchased insurance. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of miscellaneous other operating expenses. [Refer: Other operating income (expense)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of fees paid or payable for professional services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expenses incurred for the day-to-day servicing of assets, which may include the cost of labour, consumables or small parts. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expenditure directly attributable to research or development activities, recognised in profit or loss. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to selling, general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of expense arising from transportation services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from travel. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from purchased utilities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition A class of employee benefits expense that represents wages and salaries. [Refer: Employee benefits expense] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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