Debt and other liabilities (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2024 |
Dec. 31, 2023 |
| Debt and Other Liabilities [Abstract] |
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| Schedule of Short-Term Debt and Other Liabilities |
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June 30, 2024 $ |
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December 31, 2023 $ |
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Short-term debt |
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Short-term debt from Related parties (5.1) |
|
860,778 |
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6,225,815 |
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Short-term debt to related party (5.2) |
|
— |
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|
132,269 |
|
Convertible debt (5.3) |
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— |
|
|
31,088,259 |
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Promissory loan note (5.5) |
|
437,956 |
|
|
— |
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Total short-term debt |
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1,298,734 |
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|
37,446,343 |
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Long-term debt |
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|
|
|
|
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Convertible promissory notes (5.4) |
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5,395,702 |
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— |
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Convertible loans (5.3) |
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38,737,594 |
|
|
— |
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Total long-term debt |
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44,133,296 |
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— |
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December 31, 2023 |
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December 31, 2022 |
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(as restated) |
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(as restated) |
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Short-term debt and other liabilities |
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Short-term debt to related parties (8.1) |
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$ |
6,225,815 |
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|
$ |
697,067 |
|
Short term convertible debt to related party (8.4) |
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|
132,269 |
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|
|
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Ordinary shares payable (8.2) |
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8,223,928 |
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|
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— |
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Share-based payment liability (8.5) |
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1,311,028 |
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— |
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Convertible debt (8.3) |
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31,088,259 |
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|
|
— |
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Non-current debt and other liabilities |
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|
|
|
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Share-based payment liability (8.4) |
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— |
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1,177,617 |
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Convertible debt (8.3) |
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— |
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25,302,709 |
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| Schedule of Convertible debt |
The carrying amount of the convertible debt was as follows:
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June 30, 2024 |
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December 31, 2023 |
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Convertible debt |
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Convertible debt under troubled debt restructuring |
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38,737,594 |
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|
31,220,528 |
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38,737,594 |
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|
31,220,528 |
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|
The carrying amount of the convertible debt was as follows:
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December 31, 2023 |
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|
December 31, 2022 |
|
|
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(as restated) |
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(as restated) |
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Convertible debt |
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Principal amount of notes |
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$ |
— |
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$ |
24,000,000 |
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Accrued interest |
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— |
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|
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3,221,233 |
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Discount on convertible debt |
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|
— |
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(1,918,524 |
) |
Short term convertible debt to related party |
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|
132,269 |
|
|
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Convertible debt under troubled debt restructuring |
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|
31,088,259 |
|
|
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— |
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31,220,528 |
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25,302,709 |
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| Schedule of convertible promissory notes |
5.4.Convertible promissory notes:
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Convertible promissory notes |
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Convertible promissory note |
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2,508,685 |
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— |
Promissory loan note |
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2,887,017 |
|
|
— |
Total convertible promissory notes |
|
5,395,702 |
|
|
— |
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| Schedule of the senior secured convertible note and secured convertible loans |
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The following table sets forth the interest expense recognized related to the senior secured convertible notes and unsecured convertible loans:
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December 31, 2023 |
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|
December 31, 2022 |
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|
|
(as restated) |
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(as restated) |
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Convertible debt |
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|
|
|
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Accrued interest |
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$ |
7,269 |
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$ |
3,221,233 |
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Amortization of debt discount |
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— |
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163,976 |
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7,269 |
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3,385,209 |
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