GlobalTech (GLTK) 10-Q/A 14 Jul 23 2023 Q1 Quarterly report (amended) Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2023 shares
Cover [Abstract]
Entity Registrant Name	GLOBALTECH CORPORATION
Entity Central Index Key	0001938338
Document Type	10-Q/A
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding	139,833,391
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-1938338
Entity Incorporation State Country Code	NV
Entity Address Address Line 1	3550 Barron Way Suite 13a
Entity Address City Or Town	Reno
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89511
City Area Code	775
Local Phone Number	624 4817
Security 12b Title	Common Stock, $0.0001 par value
Entity Interactive Data Current	Yes
Amendment Description	NA

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 526,410	$ 756,231
Restricted cash	2,040,071	2,364,341
Accounts receivable - net	5,665,676	3,302,580
Short term investments	128,850	171,529
Prepayments	25,308	14,839
Stores and spares	848,061	1,066,725
Loans and advances	3,371,047	3,668,905
Other receivables	3,835,237	1,178,698
Total current assets	16,440,660	12,523,848
Property, plant and equipment	18,487,346	23,715,533
Operating lease right-of-use assets	538,102	707,991
Intangible assets - net	13,439,165	15,486,689
Long term loans and other assets	96,159	3,637,739
Deferred tax asset	8,331,746	11,065,173
TOTAL ASSETS	57,333,178	67,136,973
Current liabilities:
Trade and other payables	23,976,831	28,027,230
Current portion of non-current liabilities	3,976,727	5,267,245
Accrued interest	1,757,690	2,041,753
Short term borrowings	1,235,098	1,531,718
Provision for taxation - net	1,325,423	1,678,731
Total current liabilities	32,271,769	38,546,677
Term finance certificates	2,946,793	4,042,807
Long term financing - secured	1,507,712	1,376,205
Long term deposits and payable	1,625,839	1,807,353
License fee payable	160,201	200,586
Operating lease liability	689,835	955,681
Other payables	1,334,869	1,866,732
TOTAL LIABILITIES	40,537,018	48,796,041
SHAREHOLDERS' EQUITY:
Preferred stock	2,978,090	2,978,090
Dividend on preferred stock	1,085,625	1,085,625
Common stock, $0.0001 par value - authorized 500,000,000 shares at March 31, 2023 and December 31, 2022 and issued 139,833,391 and 139,833,391 shares at March 31, 2023 and December 31, 2022.	13,983	13,983
Accumulated other comprehensive income	662,238	(769,359)
Non - controlling interest	49,396,266	49,773,970
Accumulated deficit	(37,340,043)	(34,741,377)
TOTAL SHAREHOLDERS' EQUITY	16,796,160	18,340,932
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 57,333,178	$ 67,136,973

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Common stock, shares par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	139,833,391	139,833,391
Common stock, shares outstanding	139,833,391	139,833,391

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED)
NET REVENUE	$ 2,468,372	$ 2,954,123
Direct operating costs	(2,138,821)	(1,813,218)
Other operating costs	(481,141)	(551,891)
Depreciation and amortization	(707,176)	(1,125,585)
Other expenses	(3,074,818)	(150,934)
OPERATING LOSS	(3,933,584)	(687,504)
Other income - net	15,553	274,724
Finance cost	(425,095)	(746,229)
LOSS BEFORE TAXATION	(4,343,127)	(1,159,010)
Taxation	(39,108)	(36,106)
NET LOSS	(4,382,235)	(1,195,116)
Common shareholders of GlobalTech Corporation - (a)	(2,598,665)	(699,143)
Non - controlling interest (NCI)	(1,783,569)	(495,973)
Net Loss Income Attributable	$ (4,382,235)	$ (1,195,116)
Net loss per common share: basic and diluted - (a/b)	$ (0.07)	$ (0.02)
Weighted-average common shares used to compute basic and diluted loss per share - (b)	139,833,391	139,833,391

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (4,382,235)	$ (1,195,116)
Adjustment for non-cash charges and other items:
Depreciation and amortization	707,176	1,125,585
Interest accretion on liabilities	369,213	494,491
Post employment benefits	11,576	56,249
Income on deposits, advances and savings accounts	(168)	(113,393)
Exchange loss on liabilities	3,071,100	145,658
Changes in operating assets and liabilities:
Stores and spares	218,665	257,499
Trade debts	(2,363,096)	(2,536,477)
Loans and advances	297,858	1,801,679
Short term investment	42,679	143,286
Prepayments	(10,469)	3,653
Other receivables	(2,656,539)	49,058
Trade and other payables	(4,050,399)	(5,727,134)
Increase / (Decrease) in non-current liabilities and assets:
Long term deposits and payables	(181,514)	(327,919)
Other payables	(531,863)	(1,446,731)
Long term loans and other assets	3,541,580	2,088,946
Post employment benefits paid	(1,232)	(830)
Income on deposit and savings accounts	168	113,393
Lease rental payments	(27,927)	(146,668)
Finance cost paid	(59,034)	(257,385)
Income tax paid	(5,642)	(10,164)
Net Cash Provided By Used In OperatingActivities	(6,010,101)	(5,482,318)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment - net	(9,087)	(123,235)
Proceeds from the encashment of short term investments	0	39,775
Net cash generated from (used in) investing activities	(9,087)	(83,459)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of term finance certificates	0	(389,187)
Repayment of long term financing	(67,237)	0
Net cash used in financing activities	(67,237)	(389,187)
Net (Decrease) in Cash and Cash Equivalents	(6,086,425)	(5,954,964)
Cash and Restricted Cash at the beginning of the Period	14,772,761	3,670,590
Exchange effect	(6,119,855)	5,991,124
Cash and Restricted Cash at the End of the Period	2,566,481	3,706,750
SUPPLEMENTAL INFORMATION - Cash paid during the period for:
Income taxes	(5,642)	(10,164)
Interest	$ (59,034)	$ (257,385)

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
NET LOSS	$ (4,382,235)	$ (1,195,116)
Remeasurement of post employment benefit obligations - net of tax	0	0
Changes in fair value of financial assets through other comprehensive income	(499,434)	(1,980,318)
Foreign currency translation adjustment	2,913,595	918,743
Other Comprehensive income (loss) - net of tax	2,414,161	(1,061,576)
COMPREHENSIVE LOSS	(1,968,073)	(2,256,692)
COMPREHENSIVE LOSS ATTRIBUTABLE TO:
Common shareholders of GlobalTech Corporation	(1,186,381)	(1,320,165)
Non - controlling interest (NCI)	(781,692)	(936,527)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO GLOBALTECH CORPORATION	$ (1,968,073)	$ (2,256,692)

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Total	Preferred Stock	Dividend On Preferred Stock	Common Stock	Additional Paid In Capital	Other Comprehensive Loss	Translation Reserve	Total Accumulated Other Comprehensive Income	Non Controlling Interest	Retained Earnings Accumulated Deficit
Balance, shares at Dec. 31, 2021		52,500		139,833,391
Balance, amount at Dec. 31, 2021	$ 25,736,431	$ 2,978,090	$ 1,085,625	$ 13,983		$ (124,914)	$ 1,335,465	$ 1,210,551	$ 48,332,168	$ (27,883,987)
Net loss attributable for the quarter	(1,195,116)	0	0	0		0	0	0	(495,973)	(699,143)
Other comprehensive loss for the quarter - net of tax	(1,061,576)	0	0	0	$ 0	(1,158,486)	537,464	(621,022)	(440,554)	0
Total comprehensive income for the quarter - net of tax	(2,256,691)	0	0	0	0	(1,158,486)	537,464	(621,022)	(936,527)	(699,143)
Translation and other adjustments duirng the quarter	2,153,526	$ 0	0	$ 0	0	0	0	0	2,153,526	0
Balance, shares at Mar. 31, 2022		52,500		139,833,391
Balance, amount at Mar. 31, 2022	25,633,263	$ 2,978,090	1,085,625	$ 13,983		(1,283,400)	1,872,930	589,529	49,549,167	(28,583,130)
Balance, shares at Dec. 31, 2022		52,500		139,833,391
Balance, amount at Dec. 31, 2022	18,340,933	$ 2,978,090	1,085,625	$ 13,983		(1,873,824)	1,104,465	(769,359)	49,773,971	(34,741,377)
Net loss attributable for the quarter	(4,382,235)	0	0	0		0	0	0	(1,783,569)	(2,598,665)
Other comprehensive loss for the quarter - net of tax	2,414,161	0	0	0	0	(296,164)	1,727,762	1,431,598	982,564	0
Total comprehensive income for the quarter - net of tax	(1,968,074)	0	0	0	0	(296,164)	1,727,762	1,431,598	(801,006)	(2,598,665)
Translation and other adjustments duirng the quarter	423,300	$ 0	0	$ 0	0	0	0	0	423,300	0
Balance, shares at Mar. 31, 2023		52,500		139,833,391
Balance, amount at Mar. 31, 2023	$ 16,796,160	$ 2,978,090	$ 1,085,625	$ 13,983	$ 0	$ 2,169,988	$ 2,832,227	$ 662,238	$ 49,396,265	$ (37,340,043)

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	3 Months Ended
	Mar. 31, 2023
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS GlobalTech Corporation (“The Company”) is a Nevada Corporation, incorporated with name of Elko Broadband Inc (“EBI”) on December 12, 2017. The Company changed its name on March 23, 2022, to GlobalTech Corporation following a plan of reorganization as disclosed in a following paragraph, GlobalTech Corporation is a broadband company and provides broadband services. A Plan and Agreement of Reorganization dated December 31, 2021, has been entered into by and between Elko Broadband Inc., (now as GlobalTech Corporation) and Worldcall Holding Inc.(“WHI”), wherein transfer of all assets, properties and business of WHI, in exchange of 117,299,473 common stocks of GlobalTech Corporation the then Elko Broadband Inc.(“EBI”) par value $0.0001 per share. Plan of reorganization required name change to WorldCall Broadband Inc (“WBI”). This requirement was subsequently amended to change name to GlobalTech Corporation However, if trading of shares of the common stock of the Company on OTC Markets is not commenced by December 31, 2022, or such later date as is agreed by WHI stockholders and EBI in writing, then such non-commencement of trading shall forthwith entitle the WHI stockholders to cancel, reverse and unwind the Overall Transaction, in consequence, whereof the 117,299,473 shares of the Company, representing eighty-five percent (85%) of the voting power in the Company, that are held by the WHI Stockholders shall be returned to the EBI Shareholders, and all of the WorldCall Services Limited shares and the Ferret Consulting shares that are then held by the Company shall be returned to the WHI Stockholders, at no further cost to either side involved. On December 16, 2023 Merger and Reorganization Agreement was amended to September 30, 2023, for trading to commence. As of the filing of this amendment trading of shares has not commenced. The Company has applied for and received a Cusip number and has also applied for a symbol. 1.1. Legal Subsidiaries 1.1.1. WorldCall Telecom Limited The Company - owned, directly and indirectly through associates in aggregate 59.3% of shares and control in WorldCall Telecom Limited (“WTL”). WTL is a public limited Company, incorporated in Pakistan on March 15, 2001, under the repealed Companies Ordinance, 1984 (now the Companies Act, 2017). Its shares are quoted on Pakistan Stock Exchange. WTL commenced its operations on December 01, 2004, and is engaged in providing Wireless Local Loop (“WLL”) and Long Distance & International (“LDI”) services in Pakistan; re-broadcasting international/national satellite/terrestrial wireless and cable television and radio signals; interactive communication and to establish, maintain and operate the licensed telephony services. The Group has been licensed by Pakistan Telecommunication Authority (“PTA”) and Pakistan Electronic Media Regulatory Authority (“PEMRA”) for these purposes. WTL is domiciled in Pakistan and its registered office cum principal place of business is situated at Plot # 112-113, Block S, Quaid -e Azam Industrial Estate, Kot Lakhpat, Lahore. 1.1.2. WorldCall Services (Pvt) Limited WorldCall Services (Private) Limited (“WSL”), a wholly owned subsidiary of the Company, was incorporated on October 05, 2009, as a private limited Company in Pakistan, under the Companies Ordinance 1984 (Repealed) now Companies Act 2017. The objects of WSL include, but not limited to carrying on and undertaking the business of providing channel placement services, payphone services and generating revenue from communication services. The registered office of WSL is situated at Plot # 112-113, Block S, Quaid -e Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan. 1.1.3. Ferret Consulting - (FZC) Ferret Consulting (FZC), a wholly owned subsidiary of the Company, is a limited liability company registered in Emirates of Ajman, UAE as a Free Zone Company, in accordance with the Free Zone laws and regulations enforced in the Emirates of Ajman, U.A.E. It was registered on 24 Aug 2016 and commenced operations thereon. 1.1.4. Rout 1 Digital (Pvt) Limited Route 1 Digital is a private limited company, a wholly owned subsidiary of Worldcall Telecom Limited, incorporated under the Companies Ordinance 1984 (now Companies Act 2017) on December 21, 2016. The primary business is to carry out the business of all transport services, sharing motor vehicle transportation with another or others, and consultancy in the field of information technology, software development and all activities ancillary thereto. The registered office of the Company is situated at Plot # 112-113, Block S, Quaid -e Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan.

BASIS OF PREPARATION OF CONSOLI

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS	3 Months Ended
	Mar. 31, 2023
BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS	2. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS Basis of Consolidation Significant Accounting Policies: Revenue Recognition We derive revenue from six primary sources: (1) International Termination Services, (2) Indefeasible Right of Use (IRU) Services, (3) Cable TV and Internet Services, (4) Metro Fiber Solutions, (5) Capacity Sale Services, and (6) Advertisement Services. All our revenue arrangements are based on contracts with customers. Most of our contracts with customers contain single performance obligations, although certain contracts do contain multiple performance obligations where we perform more than one service for the same customer. We account for individual performance obligations separately if they are distinct within the context of the contract. For contracts where we provide multiple services such as where we perform multiple ancillary services, each service represents its own performance obligation. Selling or transaction prices are based on the contractual prices for each service at its stand-alone selling price. A five-step approach is applied in the recognition of revenue under ASC 606: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when we satisfy a performance obligation. Payment of invoices is due as specified in the underlying customer agreement, typically advance payments to 30 days from the invoice date, which occurs on the date of transfer of control of the services to the customer. Since payment terms are less than a year, we have elected the practical expedient and do not assess whether a customer contract has a significant financing component. The Company’s revenue arrangements generally do not include a general right of refund for services provide. Direct Operating Costs — Other Operating Costs — Business Combinations The Plan and Agreement of Reorganization (as disclosed in note 1) has been accounted for as a reverse acquisition where EBI is a legal acquirer (the accounting acquiree) and WHI; is a legal acquiree (the accounting acquirer). The fair value of WHI’s net assets was reliably measured using trading price of WTL Stock, which was $0.012 as on the date of reorganization i.e., December 31, 2021. In accordance with ASC 805-40, the fair value of the consideration effectively transferred has been calculated using the number of WHI’s shares that would have been issued to the shareholders of EBI on the acquisition date to give EBI’s shareholders an equivalent ownership interest in WHI as it has in the Company (WHI would had to issue 35,294 shares to EBI’s shareholders). Consideration effectively transferred has been computed to be approximately $423.53 (35,294 shares multiplied by the fair value of WHI’s shares of $0.012) against the assumed fair value of EBI’s net assets amounting to $419,181. Cash $ 1,193 Non-current assets (incl. tangible and intangible assets) 458,287 Current liabilities (incl. trade and other payables) (40,299 ) $ 419,181 The Company determined the fair value of the EBI’s assets acquired and liabilities assumed, as well as the valuation of the WHI’s shares to be issued to compute effective consideration. The Company used generally accepted valuation techniques and methodologies to arrive at the fair values disclosed above i.e., discounted cash flow and replacement cost method. As per Guidance ASC 805-40-45-1, ASC 805-40-30-2, ASC 805-40-55-8 through ASC 805-40-55-10 (2.10 Reverse Acquisitions-Viewpoint-PwC): CR. Common stock $ 11,730 CR. Bargain Purchase Gain $ 407,451 DR. Net Assets of EBI $ 419,181 $ 419,181 $ 419,181 This transaction resulted into a bargain purchase gain due to several factors including eventual listing of shares of common stock of the Company on NASDAQ in accordance with the applicable laws and regulations. Income Taxes Fair Value Measurements Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets. Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. These financial instruments are subject to fair value adjustments only in certain circumstances and include cash, restricted cash, accounts receivable, accounts payable and accrued expenses, borrowings under term loans and line of credit, and other payables. Due to the short-term nature of these financial instruments and that the borrowings bear interest at prevailing market rates, the carrying value approximates the fair value. Accounts Receivable - net Property, Plant, and Equipment Depreciation on owned assets is charged to the statement of profit or loss account on the straight-line method to write off the cost or revalued amount of an asset over its estimated useful life. Depreciation on additions is charged from the month in which the assets are available for use while no depreciation is charged in the month in which the assets are disposed of. The depreciation method, residual value, and useful lives of assets are reviewed at least at each financial year end and adjusted if the impact on depreciation is significant. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount. The gain or loss on disposal of an asset represented by the difference between the sale proceeds and the carrying amount of the asset is recognized as an income or expense. Loans and advances — Advances to vendors are provided for provision of goods and services and they are secured either by a security deposit or a legally enforceable right to recover. Loans and advances are carried at fair value through profit or loss and are initially recognized at fair value and transaction costs are expensed in the statement of profit or loss account. The fair value is determined using inputs observable in the market, which are classified as level 2 in the fair value hierarchy. They are considered a non-recurring fair value measurement and are measured at fair value on a recurring basis. The fair value measurement considers market interest rates and the creditworthiness of the borrowers or other parties. Long term loans and other assets These assets are carried at fair value through profit or loss and are initially recognized at fair value and transaction costs are expensed in the statement of profit or loss account. The fair value is determined using inputs observable in the market, which are classified as level 2 in the fair value hierarchy. They are considered a non-recurring fair value measurement and are measured at fair value on a recurring basis. The fair value measurement considers market interest rates and the creditworthiness of the borrowers or other parties. Intangible Assets Evaluation of Long-Lived Assets — There was no impairment of internal-use software costs, intangible assets or property and equipment during the three months ended March 31, 2023 and 2022. Leases — ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Earnings Per Share The company presents both basic and diluted EPS on the face of the income statement. The company also provides a reconciliation of the numerator and denominator used in the EPS calculations in the footnotes to the financial statements, in case of any change occurred during the year. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for the effects of all dilutive potential ordinary shares. Foreign Currency Translation Use of Estimates Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments. The guidance in Accounting Standards Update (“ASU”) 2016-13 replaces the incurred loss impairment methodology under current GAAP. The new impairment model requires immediate recognition of estimated credit losses expected to occur for most financial assets and certain other instruments. It will apply to all entities. For trade receivables, loans, and held-to-maturity debt securities, entities will be required to estimate lifetime expected credit losses. This may result in the earlier recognition of credit losses. In November, the FASB issued ASU No. 2019-10, which delays this standard’s effective date for SEC smaller reporting companies to the fiscal years beginning on or after December 15, 2022. The Company has recognized its impact in the prior period as a result of early adoption and credit losses amounting to approximately $0.741 million has been recognized in the consolidated financial statements of the current reporting period. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. This ASU simplifies accounting for income taxes to reduce complexity in the accounting standards. The amendments consist of the removal of certain exceptions to the general principles of ASC 740 and some additional simplifications. The amendments are not required to be implemented until 2021 for public entities. The Company adopted this guidance effective January 1, 2021. There was no impact on the consolidated financial statements as a result of this standard. In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40). This ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The amendments are not required to be implemented until 2022 for public entities. There was no impact on the consolidated financial statements as a result of this standard. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The amendments in this update require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments are effective for public business entities for fiscal years beginning after December 15, 2022. The Company determined that this update will not have a significant impact on the consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2023
ACQUISITIONS
ACQUISITIONS	3. ACQUISITIONS Ferret WSL Date of acquisition(s) 30-Nov-2021 30-Nov-2021 Property and equipment - 30,983 Long term loans 16,576,630 2,987,911 Long term investments 5,849,298 5,197,957 Receivable from associates - 7,216,311 Trade and other receivables 59,581 411,002 Short term investment 4,875,764 10,679 Cash and bank balances 375,600 20,753 Total assets 27,736,873 15,875,596 Long term loans - (6,163,627 ) Loan from directors - (1,873,446 ) long term payables (1,613,556 ) (4,814,974 ) Short term borrowings (47,993 ) (2,113,637 ) Accrued interest (84,972 ) (1,897,713 ) Trade and other payables (1,348 ) (15,787 ) Provision for taxation - (9,645 ) Total liabilities (1,747,869 ) (16,888,829 ) Net assets $ 25,989,004 $ (1,013,233 ) As on November 30, 2021, WHI entered into its 100,000 shares swap agreement with the shareholders of Ferret Consulting (FZC), a UAE-based corporation, to acquire i).all of the issued and outstanding capital stock of Ferret, and (ii) all of the Ferret assets and liabilities that were used in business. As on November 30, 2021, WHI entered into its 100,000 shares swap agreement with the shareholders of WSL, a Pakistan based corporation, to acquire i).all of the issued and outstanding capital stock of WSL, and (ii) all of the WSL assets and liabilities that were used in business. Under the common control method, we recognize the business combination by combining the historical carrying amounts of the assets, liabilities, and equity of the combining entities as of the date of combination. No fair value adjustments are made to the carrying amounts of the combining entities' assets, liabilities, and equity, as the transaction is considered a transfer of ownership interests between entities under common control.

CASH AND BANK

CASH AND BANK	3 Months Ended
	Mar. 31, 2023
CASH AND BANK
CASH AND BANK	4. CASH AND BANK March 31, 2023 December 31, 2022 Cash at bank Current accounts $ 203,309 $ 182,270 Savings accounts 2,101 112,438 205,410 294,708 Cash in hand 321,000 461,323 Pay orders in hand - 200 $ 526,410 $ 756,231

RESTRICTED CASH

RESTRICTED CASH	3 Months Ended
	Mar. 31, 2023
RESTRICTED CASH
RESTRICTED CASH	5. RESTRICTED CASH March 31, 2023 December 31, 2022 Deposit in escrow account $ 1,802,108 $ 2,061,124 Margin and other deposits 237,963 303,217 $ 2,040,071 $ 2,364,341 Deposits in escrow account The formation of ICH was declared anti-competitive by the Competition Commission of Pakistan, and resultantly PTA issued a policy directive in June 2014 terminating ICH arrangement. Some operators challenged this termination and obtained interim relief from Sindh High Court and Lahore High Court. However, Supreme Court adjudicated the matter in February 2015 in favor of termination of ICH, and pursuant upon this, PTA issued its notification of termination of ICH arrangement. As of now, the mechanism of the adjustment of the amount available in Escrow Account remains to be finalized. Margin and other deposits include deposits placed with banks against various guarantees. This amount also includes approximately $70,398 deposited in a Court of Law as disclosed in a relevant note of contingencies and commitments.

ACCOUNTS RECEIVABLE NET

ACCOUNTS RECEIVABLE NET	3 Months Ended
	Mar. 31, 2023
ACCOUNTS RECEIVABLE NET
ACCOUNTS RECEIVABLE - NET	6. ACCOUNTS RECEIVABLE – NET March 31, 2023 December 31, 2022 Considered good - unsecured $ 5,665,676 $ 3,302,580 Considered doubtful - unsecured 2,174,759 2,174,759 7,840,435 5,477,339 Less: Provision for expected credit loss (2,174,759 ) (2,174,759 ) $ 5,665,676 $ 3,302,580 Provision for expected credit losses has been approximately nil and $741,603 for the three months ended March 31, 2023 and 2022, respectively.

PROPERTY PLANT AND EQUIPMENT

PROPERTY PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2023
PROPERTY PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	7. PROPERTY, PLANT AND EQUIPMENT March 31, 2023 December 31, 2022 Operating fixed assets $ 18,439,783 $ 23,658,654 Capital work-in-progress 47,563 56,879 $ 18,487,346 $ 23,715,533 Operating fixed assets Building on freehold land $ 435,829 $ 429,705 Freehold land 181,169 225,729 Leasehold improvements 850,104 806,713 Plant and equipment 36,152,665 36,335,401 Office equipment 470,521 458,815 Vehicles 137,127 135,200 Computers 803,834 785,610 Furniture and fixtures 155,620 149,969 Laboratory and other equipment 96,037 94,687 39,282,906 39,421,829 Less: Accumulated depreciation (20,843,123 ) (15,763,175 ) $ 18,439,783 $ 23,658,654 Useful life of operating fixed assets is ranging between 5 years to over 20 years. There has not been significant additions and disposals have been made during the three months ended March 31, 2023 and 2022. Moreover, depreciation on operating assets has been allocated to depreciation and amortization on face of the statement of profit or loss.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
LEASES
LEASES	8. LEASES We determine if an arrangement is a lease at inception. We have operating leases for office and temporary living space. Operating leases are included in operating lease ROU assets, current operating lease liability and non-current operating lease liability in our consolidated balance sheets as of March 31, 2023 and December 31, 2022. The Company does not have any finance leases. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our estimated incremental borrowing rates, which are derived from information available at the lease commencement date, in determining the present value of lease payments. We give consideration to our bank financing arrangements, geographical location and collateralization of assets when calculating our incremental borrowing rates. Our lease terms include options to extend the lease when it is reasonably certain that we will exercise that option. Leases with a term of less than 12 months are not recorded in the consolidated balance sheets. Our lease agreements do not contain any residual value guarantees. For real estate leases, we account for the lease and non-lease components as a single lease component. Some leases include escalation clauses and termination options that are factored in the determination of the lease payments when appropriate. If a lease is modified after the effective date, the operating lease ROU asset and liability is re-measured using the current incremental borrowing rate. We review our incremental borrowing rate for our portfolio of leases on a quarterly basis. Lease expense is included in direct operating costs and general and administrative expenses in the consolidated statements of operations based on the nature of the expense. Break down of operating lease expense: Three Months Ended March 31, 2023 2022 Operating lease cost $ 80,058 $ 113,261 Short term lease cost 8,336 11,794 $ 88,394 $ 125,055 Supplemental balance sheet information related to leases was as follows: March 31, 2023 December 31, 2022 Operating leases Operating lease ROU assets, net $ 538,102 $ 707,991 Current operating lease liabilities 198,971 418,607 Non-Current operating lease liabilities 689,835 955,681 $ 888,806 $ 1,374,288 Operating leases ROU Assets 707,991 1,346,359 Asset lease expense (49,866 ) (318,297 ) Foreign exchange loss (120,023 ) -320,071 ROU Assets - net $ 538,102 $ 707,991 Weighted average remaining lease term (in years): Operating leases 7.68 6.34 Weighted average discount rate: Operating leases 13.35 % 13.35 % Supplemental cash flow and other information related to leases was as follows: Three Months Ended March, 31 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 27,927 $ 146,668 ROU assets obtained in exchange for lease liabilities: Operating leases, net of impairment and terminations $ - $ - Maturities of lease liabilities are as follows: Operating leases - Years Ending December 31, 2023 (nine months) $ 149,228 2024 145,746 2025 158,382 2026 171,452 2027 176,084 Thereafter 611,733 Total lease payments $ 1,412,626 Less: imputed interest $ (523,820 ) Total lease obligations $ 888,806 Less: current obligations $ 198,971 Long-term lease obligations $ 689,835

INTANGIBLE ASSETS NET

INTANGIBLE ASSETS NET	3 Months Ended
	Mar. 31, 2023
INTANGIBLE ASSETS NET
INTANGIBLE ASSETS - NET	9. INTANGIBLE ASSETS – NET March 31, 2023 December 31, 2022 Licenses $ 4,636,199 $ 4,636,199 Patents and copyrights 29,848 29,848 IRU - media cost 19,478,961 22,706,755 Softwares 63,133 63,133 24,208,141 27,435,935 Less: Accumulated amortization - net (10,768,976 ) (11,949,246 ) $ 13,439,165 $ 15,486,689 Useful life of intangible assets is ranging between 5 years to 20 years. Moreover, amortization expense on intangible assets of approximately $273,000 and $495,000 has been recognized during the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, future amortization expense scheduled to be expensed is as follows: Year ending December 31, 2023 (nine months) $ 599,653 2024 799,537 2025 799,537 2026 799,537 2026 799,537 Thereafter 9,641,364 $ 13,439,165

TRADE AND OTHER PAYABLES

TRADE AND OTHER PAYABLES	3 Months Ended
	Mar. 31, 2023
TRADE AND OTHER PAYABLES
TRADE AND OTHER PAYABLES	10. TRADE AND OTHER PAYABLES March 31, 2023 December 31, 2022 Trade creditors $ 9,793,068 $ 11,634,923 Accrued and other liabilities 4,601,585 4,961,552 Payable to PTA against APC charges 6,216,790 7,784,002 Payable against long term investment 154,875 193,918 Contract liabilities 2,485,512 2,541,600 Withholding taxes payable 249,368 297,868 Sales tax payable 351,957 458,515 Security deposits 123,676 154,852 $ 23,976,831 $ 28,027,230 Trade creditors: This includes payable to PTA amounting to $2.05 million and $2.54 million as on March 31, 2023 and December 31, 2022, respectively. Out of this $1.82 million (December 31, 2022: $2.26 million) represents payable regarding Annual Radio Spectrum Fee in respect of WLL licenses. PTA has issued multiple determinations that have been challenged and contested by the Company on legal grounds as well as on account of preoccupation of frequency / spectrums and losses suffered by the Company due to such preoccupancy for which the Company has demanded due compensation from PTA. In all these matters, the Company has filed appeals against PTA's determinations before the honorable Lahore High Court and the honorable Islamabad High Court and stay orders were obtained against the recovery. This matter has been decided in favor of the Company; however, PTA has gone into appeal before the Honorable Supreme Court of Pakistan. Accrued and other liabilities: Security Deposits

CURRENT PORTION OF NONCURRENT L

CURRENT PORTION OF NONCURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2023
TRADE AND OTHER PAYABLES
CURRENT PORTION OF NON-CURRENT LIABILITIES	11. CURRENT PORTION OF NON-CURRENT LIABILITIES March 31, 2023 December 31, 2022 Term finance certificates $ 2,167,157 $ 2,463,732 Mark-up payable on TFCs 1,250,004 1,422,080 Long term financing 360,595 962,825 Lease liabilities 198,971 418,608 $ 3,976,727 $ 5,267,245 Details of the current portion of non -current liabilities are provided in their respective notes.

ACCRUED INTEREST

ACCRUED INTEREST	3 Months Ended
	Mar. 31, 2023
ACCRUED INTEREST
ACCRUED INTEREST	12. ACCRUED INTEREST March 31, 2023 December 31, 2022 Short term borrowings $ 168,693 $ 219,329 Term finance certificates 1,588,997 1,760,140 Long term financing - 62,284 $ 1,757,690 $ 2,041,753

SHORT TERM BORROWINGS

SHORT TERM BORROWINGS	3 Months Ended
	Mar. 31, 2023
SHORT TERM BORROWINGS
SHORT TERM BORROWINGS	13. SHORT TERM BORROWINGS March 31, 2023 December 31, 2022 Line of credit facility -commercial banks $ 160,790 $ 202,541 Line of credit facility - others 1,074,308 1,329,177 $ 1,235,098 $ 1,531,718 Line of credit facility – commercial banks: During the year ended 31 December 2022, Company restructured one of its line of credit facility with Bank Islami Limited amounting $1.37 million which is transferred to long term financing due to restructuring for detail refer Note 15. Line of credit facilities available from commercial banks under interest arrangements amounting to $0.11 million and $0.14 million, as on 31 March 2023 and 31 December 2022, respectively. These facilities are available at interest rate from 1 month to 3 months KIBOR (Karachi Interbank Offered Rate) plus 1.5% per annum (31 December 2022: 1 month to 3 months KIBOR plus 1.5% to 2.5% per annum), payable quarterly, on the balance outstanding. The mark up charged during the three months ended 31 March, 2023 on outstanding balances at 18.52% (31 December 2022: 11.19% to 17.60%) per annum, effectively. The Company is in negotiation with Banks for roll over of these facilities. As on 31 March 2023 and 31 December 2022, the Company had no available yet-to-be-drawn available / committed borrowing facilities. This credit facility with commercial banks are secured against first pair passu hypothecation charge on all present and future current and fixed assets excluding building, Wireless Local Loop ("WLL")/Long Distance and International ("LDI") receivables, first joint pari passu hypothecation charge over all present and future current and fixed assets of the Company with security margin over the facility amount, pledge of shares of listed companies in Central Depository Company ("CDC") account of the Company, lien over cash deposit of $0.152 million first exclusive assignment of all present and future receivables of LDI business arm of the Company, collection accounts with Bank for routing of LDI receivables, counter guarantee of the Company, equitable mortgage over the property of office # 302, 303, 304, 3rd Floor, the Plaza on Plot # G-7, Block-9, KDA Scheme # 5, Kehkashan Clifton, Karachi and equitable mortgage over the property of office # 07, 08, 09 situated on 1st Floor, Ali Tower, MM Alam Road, Gulberg III. Line of credit facility – others: This represents various interest bearing and interest free loans from different parties. March 31, 2023 December 31, 2022 Loan from other parties $ 89,502 $ 96,108 Loan from related party 210,431 263,479 Loan from Elahi Group of Companies 774,375 969,590 $ 1,074,308 $ 1,329,177 Loan from other parties: March 31, 2023 December 31, 2022 HTS Tel Communication $ 68,747 $ 68,747 TLT Communication 20,755 3,973 Wisdom Information Technology Solution - 23,388 $ 89,502 $ 96,108 Loan from related party: This represents payable to AMB Management Consultants (Pvt.) Ltd (AMB) (related party) against short term borrowings, which is due to payments made by AMB on behalf of the Company.

TERM FINANCE CERTIFICATES (TFCs

TERM FINANCE CERTIFICATES (TFCs)	3 Months Ended
	Mar. 31, 2023
TERM FINANCE CERTIFICATES (TFCs)
TERM FINANCE CERTIFICATES (TFCs)	14. TERM FINANCE CERTIFICATES (TFCs) March 31, 2023 December 31, 2022 Opening balance $ 7,458,750 $ 7,847,937 Repayments - (389,187 ) 7,458,750 7,458,750 Current portion (2,167,156 ) (2,463,737 ) 5,291,594 4,995,013 Add: Deferred markup (2,344,801 ) (952,205 ) Closing balance $ 2,946,793 $ 4,042,807 Term finance certificates (TFCs) have a face value of $17.60 per certificate. These TFCs carry mark up at the rate of six months average KIBOR plus 1.0% per annum (2022: six-month average KIBOR plus 1.0% per annum), payable quarterly. The mark up rate charged during the three months ended 31 March 2023, on the outstanding balance ranged from 17.10% to 22.15% (31 December 2022: 8.76% to 17.10%) per annum. IGI Holding Limited (previously IGI Investment Bank Limited) is the Trustee (herein referred to as the Trustee) under the Trust Deed. The liability of these TFCs has been rescheduled in December 2012 and then on April 03, 2015. During the year ended 31 December 2018, third rescheduling of these TFCs was successfully executed through signing of the Third Supplemental Trust Deed between the Trustees and the Company. In accordance with the 3rd Supplemental Trust Deed executed during the year ended 31 December 2018, the outstanding principal is repayable by way of quarterly staggered instalments with downward revision in interest of 0.60% i.e. revised interest rate of six months average KIBOR + 1%. The outstanding interest payable as at the date of restructuring and up to December 20, 2018 is agreed to be deferred and shall be paid from March 20, 2021 in quarterly instalments. 50% of the interest accrued for the period between December 20, 2018, to December 20, 2020, shall be paid on regular quarterly basis commencing from March 20, 2019, and the remaining 50% shall be deferred and paid from March 20, 2021. Interest deferred has been measured at present value. Under the revised term sheet, these TFCs are due to mature on September 20, 2026. The other main terms included appointment of one representative as a nominee director nominated by the Trustee which has been complied with. Further, 175 million sponsor's shares were pledged for investors which was to be released with quarterly scheduled principal repayments proportionately starting from June 2019. The pledged shares have not been released in proportion to the payments made during the year. The Company has not paid due quarterly installments of June 2019 to March 2023 amounting USD 1.791 million. In case of failure to make due payments by the Company, Trustee can instruct the security agent to enforce the letter of pledge and sell the quantum of the pledged shares to generate the amount required for the settlement of the outstanding redemption amount. Due to non-payment of due instalments, Trustee enforced the letter of pledge and called 128.2 million shares from sponsors account out of which 13.6 million shares were sold for approximately $0.26 million ($0.16 million settled against principal and $0.10 million against accrued interest) during the year. After sale remaining number of shares held by trustees and pledged are 161.3 million shares. Last year in January 2022 Trustee has sold 24.63 million shares for the amount of $0.198 million ($0.128 million settled against principal and $0.069 million against accrued mark-up) and in February 2022 Trustee has sold further 25.75 million shares for the amount of $ 0.202 million ($0.153 million settled against principal and $0.079 million against accrued mark-up) to recover o/s installments of June 2019, September 2019 and Dec 2019. These TFCs are secured against first pair passu charge over the Company's present and future fixed assets including equipment, plant and machinery, fixtures excluding land and building with 25% margin in addition to all rights, benefits, claims and interests procured by the Company under: A. Long Distance and International ("LDI") and Wireless Local Loop ("WLL") license issued by PTA to the Company; and B. Assigned frequency spectrum as per deed of assignment.

LONG TERM FINANCING SECURED

LONG TERM FINANCING SECURED	3 Months Ended
	Mar. 31, 2023
LONG TERM FINANCING SECURED
LONG TERM FINANCING - SECURED	15. LONG TERM FINANCING – SECURED March 31, 2023 December 31, 2022 Bank Islami Limited 292,386 $ 400,847 Allied Bank Limited 206,329 288,073 Askari Bank Limited 1,008,997 687,285 $ 1,507,712 $ 1,376,205 Allied Bank Limited: th th Bank Islami Limited: Askari Bank Limited: This represents balance transferred as a result of settlement agreement from short term running finance (RF) facility to Term Loan Facility as on November 02, 2022. Principal will be repaid in 48 installments starting from Nov 2022 till Oct 2026. Markup outstanding after effective discounts / waivers as per settlement agreement and markup to be accrued will be serviced in 36 monthly installments, starting from Nov 2024. Effective markup rate applicable will be 1MK - 2% (Floor 10%). The mark up charged during the period on the outstanding balance ranged from 14.4% to 17.38% (2022: 13.46% to 14.61%). The facility is secured against 1st joint pair passu charge on present and future current and fixed assets (excluding land & building & licenses) of the Company with Margin 25%, collection account with AKBL for routing of LDI receivables along with additional mortgage on Properties situated in Sindh., Pakistan.

LINCENSE FEE PAYABLE

LINCENSE FEE PAYABLE	3 Months Ended
	Mar. 31, 2023
LINCENSE FEE PAYABLE
LINCENSE FEE PAYABLE	16. LINCENSE FEE PAYABLE March 31, 2023 December 31, 2022 License fee payable $ 160,201 $ 200,586 $ 160,201 $ 200,586 This represents the balance amount of the license fee payable to the Pakistan Telecommunication Authority (PTA) for WLL licenses. The Company had filed an application with PTA for a grant of moratorium overpayment of balance amount of WLL license. However, PTA rejected the Company's application and demanded its payment. Being aggrieved by this, the Company filed an appeal before Islamabad High Court ("IHC") against PTA's order. Meanwhile, the Ministry of Information Technology ("Ministry") through its letter dated August 30, 2011, allowed the operators, the staggering for settlement of Access Promotion Contribution ("APC") and Initial Spectrum Fee ("ISF") dues and required PTA to submit an installment plan for this purpose after consultations with the operators. In respect of an appeal filed by the Company, IHC took notice of the Ministry's letter and directed PTA through its order dated January 20, 2015, to expeditiously proceed with the preparation and submission of the said installment plan. As of this date, no such installment plan has been submitted by PTA. PTA has withdrawn the frequencies 3.5 GHz, 479 MHz, 450 MHz, and 1900 MHz. PTA in haste and unilaterally has withdrawn 3.5 GHz and 479 MHz frequencies which have already been paid in full till 2024. Through said decision PTA has also withdrawn 1900 MHz frequency spectrum which was already withdrawn by PTA/FAB in 2015 (11th year) until which the spectrum is fully paid on the basis of actual period of usage by the Company, The WLL License provides for such eventuality that when frequency spectrum is withdrawn, the licensee is to be compensated for the balance life of the frequency spectrum, therefore, after withdrawal of spectrum, there is no outstanding amount to be paid related to 1900 MHz frequency spectrum. As a consequence of above, during last year the outstanding liability for 1900 MHz was reduced to zero on the basis that 1900 MHz frequency had been fully paid for until 2015 (11th year). Similarly, liability for 450MHz frequency spectrum was reduced on pro-rata after withdrawal. Owing to these circumstances, the management does not expect the liability to materialize fully in the near future.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	3 Months Ended
	Mar. 31, 2023
CONTINGENCIES AND COMMITMENTS
CONTINGENCIES AND COMMITMENTS	17. CONTINGENCIES AND COMMITMENTS There is no significant change in the status of contingencies and commitments from our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 31, 2023.

NET REVENUE

NET REVENUE	3 Months Ended
	Mar. 31, 2023
NET REVENUE
NET REVENUE	18. NET REVENUE Three Months Ended March 31, 2023 2022 Telecom services $ 2,108,861 $ 1,456,725 Broadband services 368,858 1,576,829 Other services 8,356 4,030 Gross Revenue 2,486,075 3,037,584 Less: Discounts (579 ) (1,650 ) Less: Sales tax (17,123 ) (81,811 ) $ 2,468,372 $ 2,954,123 Introduction The Company accounts for revenue in accordance with ASC 606, Revenue from Contracts with Customers. All revenue is recognized as our performance obligations are satisfied. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer and is the unit of account under ASC 606. Most of our current contracts with customers contain a single performance obligation. For contracts where we provide multiple services, such as where we perform multiple ancillary services, each service represents its own performance obligation. The standalone selling prices are based on the contractual price for the service. Our contracts generally include standard commercial payment terms. We have no significant obligations for refunds, warranties or similar obligations and our revenue includes sales taxes collected from our customers. Disaggregation of Revenue from Contracts with Customers We derive revenue from six primary sources: (1) International Termination Services, (2) Indefeasible Right of Use (IRU), (3) Cable TV and Internet Services, (4) Metro Fiber Solutions, (5) Capacity Sale Services and (6) Advertisement Services. The following table represents a disaggregation of revenue for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Telecom Services: International termination services 2,108,861 1,456,725 $ 2,108,861 $ 1,456,725 Broadband Services: IRU services - 1,107,052 Cable TV and internet services 134,091 204,627 Metro fibre solutions 100,630 196,849 Capacity sale services 134,137 65,865 Advertisement services - 2,435 $ 2,477,719 $ 3,033,554 International termination services: This service represents the international inbound traffic terminated in Pakistan via Company’s network to the local mobile network operators such as Mobilink, Zong, Telenor and Ufone etc. Revenue from terminating minutes is recognized at the time the call is made over the network of the Company. Revenue from terminating minutes is recognized at the time the call is made over the network of the Company. There is a postpaid billing invoicing cycle for such services. Indefeasible Right of Use (IRU) services: It is a distinct performance obligation whereby the Company enters into a contractual agreement to grant Indefeasible Right of Use (IRU) of dark fiber up to 20 years or more. Revenue from IRU services is recognized at point in time, when the asset is transferred, and a customer obtains control over it. Cable TV and internet services: Cable television is a video delivery service provided by the Company to retail and commercial subscribers via a coaxial cable and fiber optics, whereas Internet service is the delivery of data service provided by the Company to the subscribers via a coaxial cable and fiber optics. The Company is providing Fiber to the Home (“FTTH”) services which is not a distinct performance obligation, but rather a component of a connectivity services. The Company charges connection and membership fee at the time of setting up of connection. Subscription revenue from Cable TV, internet over cable, cable connectivity and channels subscription fee is recognized on provision of services. Connection and membership fee is recognized as revenue when future services are provided. Such fee is paid by the customer at the time of the sale of the connection, and it entitles the customer to access the cable TV and internet services provided by the company. The Company follows an advance billing invoicing cycle for such services. Metro fiber solutions: This revenue stream represents point to point (P2P) connectivity, the latest Dark Fiber internet technology to its high-end large scale multinational companies, IT companies and leading educational institutions in major cities of Pakistan. Dark Fiber refers to fiber optic networks with no service or traffic running on the fiber strands. Unlike managed fiber services, Dark Fiber gives the maximum level of control to businesses, allowing them to use their preferred protocol and manage and maintain their own equipment. Dark Fiber has the capability to offer near limitless capacity, as well as providing the assurance of dedicated connectivity. It can be termed as a fiber corridor offering Committed information rate (CIR), fiber and data services, making it an excellent choice for organizations who require a dedicated, high capacity, secure service. Revenue from metro fiber solutions is recognized at point in time, when the asset is transferred, and a customer obtains control over it. Capacity sale services: These are the services arrangements whereby the Company enters into a contractual agreement to provide a portion of the capacity of fiber, wherein the rights are given to the customers for a longer period i.e., 20 years or more. Revenue from capacity sale services is recognized at point in time, when the asset is transferred, and a customer obtains control over it. Advertisement services: This revenue relates to the commercials of the different businesses, which are aired on the Company’s cable TV network. The Company offers advertisement to corporate, SME and retail customers on its in-house entertainment channels. There is vast range of advertising packages tailor-made and customized according to specific client requirements at high economical rates. Clients can opt for multiple modes of advertising like: Multiple Scroll, Multiple Logo, L-Shape, Time-checks, TVC, Documentary and Channel Branding. Advertisement income is recognized based on spots run when commercials are aired on the network. The Company follows a postpaid billing invoicing cycle for such services. Deferred revenue has been $1,448 as on March 31, 2023, and $34,442 as on December 31, 2022.

DIRECT OPERATING COSTS

DIRECT OPERATING COSTS	3 Months Ended
	Mar. 31, 2023
DIRECT OPERATING COSTS
DIRECT OPERATING COSTS	19. DIRECT OPERATING COSTS Three Months Ended March 31, 2023 2022 Interconnect, settlement and other charges $ 1,736,783 $ 1,005,286 Salaries, wages and benefits 126,697 183,998 Bandwidth and other PTCL charges 61,033 53,637 Power consumption and rent 49,906 141,802 Network maintenance and insurance 9,162 39,245 PTA fees 14,325 17,929 Cable license fee 9,859 29,010 Annual spectrum fee 16,317 47,825 Stores and spares consumed - - Metro fiber cost - 55,231 Fees and subscriptions 29,370 34,761 Content cost 1,096 5,585 Security services 1,616 1,661 Others 82,658 197,249 $ 2,138,821 $ 1,813,218

FINANCE COST

FINANCE COST	3 Months Ended
	Mar. 31, 2023
FINANCE COST
FINANCE COST	20. FINANCE COST Three Months Ended March 31, 2023 2022 Unwinding of discount on liabilities $ 55,883 $ 251,738 Mark up on term finance certificates 203,746 153,958 Mark-up on long term loan 128,792 294,850 Finance charges on lease liabilities 30,192 45,415 Bank charges and commission 6,482 268 $ 425,095 $ 746,229

TAXATION

TAXATION	3 Months Ended
	Mar. 31, 2023
TAXATION
TAXATION	21. TAXATION The provision (benefit) for income taxes for the three months ended March 31, 2023 and 2022 consisted of the following: Three Months Ended March 31, 2023 2022 Current For the period $ 39,108 $ 36,106 Prior periods - - 39,108 36,106 Deferred - - $ 39,108 $ 36,106 The provision for current taxation represents minimum / final tax under the provisions of the Income Tax Ordinance, 2001 (ITO), as applicable in Pakistan. Three Months Ended March 31, 2023 2022 Current Federal $ - $ - State - - Foreign 39,108 36,106 39,108 36,106 Deferred Federal - - State - - Foreign - - $ 39,108 $ 36,106 The components of the Company’s deferred income taxes as of March 31, 2023 and December 31, 2022 are as follows: March 31, 2023 December 31, 2022 Asset for deferred taxation comprising temporary differences related to: Unused tax losses $ 10,406,558 $ 19,169,614 Provision for doubtful debts 3,168,581 4,878,530 Post employment benefits 215,642 314,490 Provision for stores and spares & stock-in-trade 4,129 6,565 Provision for doubtful advances and other receivables 292,084 464,426 14,086,994 24,833,625 Liability for deferred taxation comprising temporary differences on other liabilities (5,755,248 ) (10,380,642 ) Exchange translation adjustment - (3,387,811 ) $ 8,331,746 $ 11,065,173 Deferred tax asset on tax losses available for carry forward has been recognized to the extent that the realization of related tax benefit is probable from reversal of existing taxable temporary differences and future taxable profit. These unused tax losses mainly represent allowable depreciation expenses for indefinite period. However, there are no such tax benefits which remain unrecognized into the financial statements and tax related contingencies have been adequately disclosed in note 17 of these financial statements. Management's assertion of future taxable profit is mainly based on income due to write back of liabilities and business plan to initiate fiber to home services with monetary support from the majority shareholder.

RELATED PARTIES

RELATED PARTIES	3 Months Ended
	Mar. 31, 2023
RELATED PARTIES
RELATED PARTIES	22. RELATED PARTIES Related parties comprise the parent Company, associated companies / undertakings, directors of the Company and their close relatives and key management personnel of the Company. The Company in the normal course of business carries out transactions with various related parties. Credit terms with related parties are more than normal business arrangements. Amounts due from and due to related parties are shown under respective notes to these financial statements. Three Months Ended March 31 2023 2022 Worldcall Business Solutions (Private) Limited Expenses borne on behalf of associate $ 10,194 $ 14,641 Worldcall Business Solutions (Private) Limited Interest charges $ 11,756 $ 13,378 Worldcall Cable (Private) Limited Interest charges $ 771 $ 325 ACME Telecom (Private) Limited Interest charges $ 4 $ 6 Worldcall Ride Hail (Private) Limited Interest charges $ 8 $ 5 Key management personnel Advances against expenses disbursed (adjusted) - net $ 49,667 $ 62,577 March 31, 2023 December 31, 2022 Outstanding receivables (payables) Worldcall Business Solutions (Private) Limited Other receivable $ 398,926 $ 474,774 Worldcall Cable (Private) Limited Other receivable $ 9,447 $ 11,516 AMB Management Consultants (Pvt.) Ltd Short term loan $ (210,431 ) $ (263,479 ) ACME Telecom (Private) Limited Other receivable $ 134 $ 163 Worldcall Ride Hail (Private) Limited Other receivable $ 82 $ 99 As on 31 March 2023 and 31 December 2022, outstanding balance from key management personnel was approximately $570,000 and $759,000, respectively against miscellaneous expenses including salaries and other employee benefits etc. The Company owes approximately $0.59 million and $0.94 million interest free loan to its director as on 31 March 2023 and 31 December 2022, respectively, which is repayable at discretion of the Company.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	23. SUBSEQUENT EVENTS Subsequent to March 31, 2023, the Company has acquired the remaining 52,500 Covertible Preference Shares (“CPS”) of WTL from Oman Telecommunication Company (S.O.A.G) as on May 26, 2023.

BASIS OF PREPARATION OF CONSO_2

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS (Policies)	3 Months Ended
	Mar. 31, 2023
BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
Basis of Consolidation	Basis of Consolidation
Revenue Recognition	Revenue Recognition We derive revenue from six primary sources: (1) International Termination Services, (2) Indefeasible Right of Use (IRU) Services, (3) Cable TV and Internet Services, (4) Metro Fiber Solutions, (5) Capacity Sale Services, and (6) Advertisement Services. All our revenue arrangements are based on contracts with customers. Most of our contracts with customers contain single performance obligations, although certain contracts do contain multiple performance obligations where we perform more than one service for the same customer. We account for individual performance obligations separately if they are distinct within the context of the contract. For contracts where we provide multiple services such as where we perform multiple ancillary services, each service represents its own performance obligation. Selling or transaction prices are based on the contractual prices for each service at its stand-alone selling price. A five-step approach is applied in the recognition of revenue under ASC 606: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when we satisfy a performance obligation. Payment of invoices is due as specified in the underlying customer agreement, typically advance payments to 30 days from the invoice date, which occurs on the date of transfer of control of the services to the customer. Since payment terms are less than a year, we have elected the practical expedient and do not assess whether a customer contract has a significant financing component. The Company’s revenue arrangements generally do not include a general right of refund for services provide.
Direct operating cost	Direct Operating Costs —
Other Operating Costs	Other Operating Costs —
Business Combinations	Business Combinations The Plan and Agreement of Reorganization (as disclosed in note 1) has been accounted for as a reverse acquisition where EBI is a legal acquirer (the accounting acquiree) and WHI; is a legal acquiree (the accounting acquirer). The fair value of WHI’s net assets was reliably measured using trading price of WTL Stock, which was $0.012 as on the date of reorganization i.e., December 31, 2021. In accordance with ASC 805-40, the fair value of the consideration effectively transferred has been calculated using the number of WHI’s shares that would have been issued to the shareholders of EBI on the acquisition date to give EBI’s shareholders an equivalent ownership interest in WHI as it has in the Company (WHI would had to issue 35,294 shares to EBI’s shareholders). Consideration effectively transferred has been computed to be approximately $423.53 (35,294 shares multiplied by the fair value of WHI’s shares of $0.012) against the assumed fair value of EBI’s net assets amounting to $419,181. Cash $ 1,193 Non-current assets (incl. tangible and intangible assets) 458,287 Current liabilities (incl. trade and other payables) (40,299 ) $ 419,181 The Company determined the fair value of the EBI’s assets acquired and liabilities assumed, as well as the valuation of the WHI’s shares to be issued to compute effective consideration. The Company used generally accepted valuation techniques and methodologies to arrive at the fair values disclosed above i.e., discounted cash flow and replacement cost method. As per Guidance ASC 805-40-45-1, ASC 805-40-30-2, ASC 805-40-55-8 through ASC 805-40-55-10 (2.10 Reverse Acquisitions-Viewpoint-PwC): CR. Common stock $ 11,730 CR. Bargain Purchase Gain $ 407,451 DR. Net Assets of EBI $ 419,181 $ 419,181 $ 419,181 This transaction resulted into a bargain purchase gain due to several factors including eventual listing of shares of common stock of the Company on NASDAQ in accordance with the applicable laws and regulations. Income Taxes
Fair Value Measurements	Fair Value Measurements Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets. Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. These financial instruments are subject to fair value adjustments only in certain circumstances and include cash, restricted cash, accounts receivable, accounts payable and accrued expenses, borrowings under term loans and line of credit, and other payables. Due to the short-term nature of these financial instruments and that the borrowings bear interest at prevailing market rates, the carrying value approximates the fair value.
Accounts Receivable - net	Accounts Receivable - net
Property, Plant, and Equipment	Property, Plant, and Equipment Depreciation on owned assets is charged to the statement of profit or loss account on the straight-line method to write off the cost or revalued amount of an asset over its estimated useful life. Depreciation on additions is charged from the month in which the assets are available for use while no depreciation is charged in the month in which the assets are disposed of. The depreciation method, residual value, and useful lives of assets are reviewed at least at each financial year end and adjusted if the impact on depreciation is significant. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount. The gain or loss on disposal of an asset represented by the difference between the sale proceeds and the carrying amount of the asset is recognized as an income or expense.
Loans and advances	Loans and advances — Advances to vendors are provided for provision of goods and services and they are secured either by a security deposit or a legally enforceable right to recover. Loans and advances are carried at fair value through profit or loss and are initially recognized at fair value and transaction costs are expensed in the statement of profit or loss account. The fair value is determined using inputs observable in the market, which are classified as level 2 in the fair value hierarchy. They are considered a non-recurring fair value measurement and are measured at fair value on a recurring basis. The fair value measurement considers market interest rates and the creditworthiness of the borrowers or other parties.
Long term loans and other assets	Long term loans and other assets These assets are carried at fair value through profit or loss and are initially recognized at fair value and transaction costs are expensed in the statement of profit or loss account. The fair value is determined using inputs observable in the market, which are classified as level 2 in the fair value hierarchy. They are considered a non-recurring fair value measurement and are measured at fair value on a recurring basis. The fair value measurement considers market interest rates and the creditworthiness of the borrowers or other parties.
Intangible Assets	Intangible Assets
Evaluation of Long-Lived Assets	Evaluation of Long-Lived Assets — There was no impairment of internal-use software costs, intangible assets or property and equipment during the three months ended March 31, 2023 and 2022.
Leases	Leases — ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term.
Earnings Per Share	Earnings Per Share The company presents both basic and diluted EPS on the face of the income statement. The company also provides a reconciliation of the numerator and denominator used in the EPS calculations in the footnotes to the financial statements, in case of any change occurred during the year. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for the effects of all dilutive potential ordinary shares.
Foreign Currency Translation	Foreign Currency Translation
Use of Estimates	Use of Estimates
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments. The guidance in Accounting Standards Update (“ASU”) 2016-13 replaces the incurred loss impairment methodology under current GAAP. The new impairment model requires immediate recognition of estimated credit losses expected to occur for most financial assets and certain other instruments. It will apply to all entities. For trade receivables, loans, and held-to-maturity debt securities, entities will be required to estimate lifetime expected credit losses. This may result in the earlier recognition of credit losses. In November, the FASB issued ASU No. 2019-10, which delays this standard’s effective date for SEC smaller reporting companies to the fiscal years beginning on or after December 15, 2022. The Company has recognized its impact in the prior period as a result of early adoption and credit losses amounting to approximately $0.741 million has been recognized in the consolidated financial statements of the current reporting period. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. This ASU simplifies accounting for income taxes to reduce complexity in the accounting standards. The amendments consist of the removal of certain exceptions to the general principles of ASC 740 and some additional simplifications. The amendments are not required to be implemented until 2021 for public entities. The Company adopted this guidance effective January 1, 2021. There was no impact on the consolidated financial statements as a result of this standard. In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40). This ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The amendments are not required to be implemented until 2022 for public entities. There was no impact on the consolidated financial statements as a result of this standard. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The amendments in this update require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments are effective for public business entities for fiscal years beginning after December 15, 2022. The Company determined that this update will not have a significant impact on the consolidated financial statements.

BASIS OF PREPARATION OF CONSO_3

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
Schedule of EBI Net Assets	Cash $ 1,193 Non-current assets (incl. tangible and intangible assets) 458,287 Current liabilities (incl. trade and other payables) (40,299 ) $ 419,181
Schedule of consolidated statement of changes in equity	CR. Common stock $ 11,730 CR. Bargain Purchase Gain $ 407,451 DR. Net Assets of EBI $ 419,181 $ 419,181 $ 419,181

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2023
ACQUISITIONS
Schedule of Acquisition	Ferret WSL Date of acquisition(s) 30-Nov-2021 30-Nov-2021 Property and equipment - 30,983 Long term loans 16,576,630 2,987,911 Long term investments 5,849,298 5,197,957 Receivable from associates - 7,216,311 Trade and other receivables 59,581 411,002 Short term investment 4,875,764 10,679 Cash and bank balances 375,600 20,753 Total assets 27,736,873 15,875,596 Long term loans - (6,163,627 ) Loan from directors - (1,873,446 ) long term payables (1,613,556 ) (4,814,974 ) Short term borrowings (47,993 ) (2,113,637 ) Accrued interest (84,972 ) (1,897,713 ) Trade and other payables (1,348 ) (15,787 ) Provision for taxation - (9,645 ) Total liabilities (1,747,869 ) (16,888,829 ) Net assets $ 25,989,004 $ (1,013,233 )

CASH AND BANK (Tables)

CASH AND BANK (Tables)	3 Months Ended
	Mar. 31, 2023
CASH AND BANK
Schedule of cash and bank	March 31, 2023 December 31, 2022 Cash at bank Current accounts $ 203,309 $ 182,270 Savings accounts 2,101 112,438 205,410 294,708 Cash in hand 321,000 461,323 Pay orders in hand - 200 $ 526,410 $ 756,231

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	3 Months Ended
	Mar. 31, 2023
RESTRICTED CASH
Schedule of restricted cash	March 31, 2023 December 31, 2022 Deposit in escrow account $ 1,802,108 $ 2,061,124 Margin and other deposits 237,963 303,217 $ 2,040,071 $ 2,364,341

ACCOUNTS RECEIVABLE NET (Tables

ACCOUNTS RECEIVABLE NET (Tables)	3 Months Ended
	Mar. 31, 2023
ACCOUNTS RECEIVABLE NET
Schedule of accounts receivable	March 31, 2023 December 31, 2022 Considered good - unsecured $ 5,665,676 $ 3,302,580 Considered doubtful - unsecured 2,174,759 2,174,759 7,840,435 5,477,339 Less: Provision for expected credit loss (2,174,759 ) (2,174,759 ) $ 5,665,676 $ 3,302,580

PROPERTY PLANT AND EQUIPMENT (T

PROPERTY PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2023
PROPERTY PLANT AND EQUIPMENT
Schedule of operating assets	March 31, 2023 December 31, 2022 Operating fixed assets $ 18,439,783 $ 23,658,654 Capital work-in-progress 47,563 56,879 $ 18,487,346 $ 23,715,533 Operating fixed assets Building on freehold land $ 435,829 $ 429,705 Freehold land 181,169 225,729 Leasehold improvements 850,104 806,713 Plant and equipment 36,152,665 36,335,401 Office equipment 470,521 458,815 Vehicles 137,127 135,200 Computers 803,834 785,610 Furniture and fixtures 155,620 149,969 Laboratory and other equipment 96,037 94,687 39,282,906 39,421,829 Less: Accumulated depreciation (20,843,123 ) (15,763,175 ) $ 18,439,783 $ 23,658,654

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
LEASES
Schedule of breakdown of opreating lease expenses	Three Months Ended March 31, 2023 2022 Operating lease cost $ 80,058 $ 113,261 Short term lease cost 8,336 11,794 $ 88,394 $ 125,055
Schedule of Supplemental balance sheet information related to leases	March 31, 2023 December 31, 2022 Operating leases Operating lease ROU assets, net $ 538,102 $ 707,991 Current operating lease liabilities 198,971 418,607 Non-Current operating lease liabilities 689,835 955,681 $ 888,806 $ 1,374,288 Operating leases ROU Assets 707,991 1,346,359 Asset lease expense (49,866 ) (318,297 ) Foreign exchange loss (120,023 ) -320,071 ROU Assets - net $ 538,102 $ 707,991 Weighted average remaining lease term (in years): Operating leases 7.68 6.34 Weighted average discount rate: Operating leases 13.35 % 13.35 %
Schedule of Supplemental cash flow and other information related to leases	Three Months Ended March, 31 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 27,927 $ 146,668 ROU assets obtained in exchange for lease liabilities: Operating leases, net of impairment and terminations $ - $ -
Schedule of maturities of lease liabilities	Operating leases - Years Ending December 31, 2023 (nine months) $ 149,228 2024 145,746 2025 158,382 2026 171,452 2027 176,084 Thereafter 611,733 Total lease payments $ 1,412,626 Less: imputed interest $ (523,820 ) Total lease obligations $ 888,806 Less: current obligations $ 198,971 Long-term lease obligations $ 689,835

INTANGIBLE ASSETS NET (Tables)

INTANGIBLE ASSETS NET (Tables)	3 Months Ended
	Mar. 31, 2023
INTANGIBLE ASSETS NET
Schedule of Intangible assets	March 31, 2023 December 31, 2022 Licenses $ 4,636,199 $ 4,636,199 Patents and copyrights 29,848 29,848 IRU - media cost 19,478,961 22,706,755 Softwares 63,133 63,133 24,208,141 27,435,935 Less: Accumulated amortization - net (10,768,976 ) (11,949,246 ) $ 13,439,165 $ 15,486,689
Schedule of future amortization expense	Year ending December 31, 2023 (nine months) $ 599,653 2024 799,537 2025 799,537 2026 799,537 2026 799,537 Thereafter 9,641,364 $ 13,439,165

TRADE AND OTHER PAYABLES (Table

TRADE AND OTHER PAYABLES (Tables)	3 Months Ended
	Mar. 31, 2023
TRADE AND OTHER PAYABLES
Schedule of Accounts payable and Accrued Expenses	March 31, 2023 December 31, 2022 Trade creditors $ 9,793,068 $ 11,634,923 Accrued and other liabilities 4,601,585 4,961,552 Payable to PTA against APC charges 6,216,790 7,784,002 Payable against long term investment 154,875 193,918 Contract liabilities 2,485,512 2,541,600 Withholding taxes payable 249,368 297,868 Sales tax payable 351,957 458,515 Security deposits 123,676 154,852 $ 23,976,831 $ 28,027,230

CURRENT PORTION OF NONCURRENT_2

CURRENT PORTION OF NONCURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2023
TRADE AND OTHER PAYABLES
Schedule of current portion of noncurrent liabilities	March 31, 2023 December 31, 2022 Term finance certificates $ 2,167,157 $ 2,463,732 Mark-up payable on TFCs 1,250,004 1,422,080 Long term financing 360,595 962,825 Lease liabilities 198,971 418,608 $ 3,976,727 $ 5,267,245

ACCRUED INTEREST (Tables)

ACCRUED INTEREST (Tables)	3 Months Ended
	Mar. 31, 2023
ACCRUED INTEREST
Schedule of accrued interest	March 31, 2023 December 31, 2022 Short term borrowings $ 168,693 $ 219,329 Term finance certificates 1,588,997 1,760,140 Long term financing - 62,284 $ 1,757,690 $ 2,041,753

SHORT TERM BORROWINGS (Tables)

SHORT TERM BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2023
SHORT TERM BORROWINGS
Schedule of line of credit facility	March 31, 2023 December 31, 2022 Line of credit facility -commercial banks $ 160,790 $ 202,541 Line of credit facility - others 1,074,308 1,329,177 $ 1,235,098 $ 1,531,718
Schedule of interest free loans from different parties	March 31, 2023 December 31, 2022 Loan from other parties $ 89,502 $ 96,108 Loan from related party 210,431 263,479 Loan from Elahi Group of Companies 774,375 969,590 $ 1,074,308 $ 1,329,177
Schedule of loan from other parties	March 31, 2023 December 31, 2022 HTS Tel Communication $ 68,747 $ 68,747 TLT Communication 20,755 3,973 Wisdom Information Technology Solution - 23,388 $ 89,502 $ 96,108

TERM FINANCE CERTIFICATES (TF_2

TERM FINANCE CERTIFICATES (TFCs) (Tables)	3 Months Ended
	Mar. 31, 2023
TERM FINANCE CERTIFICATES (TFCs)
Summary of term finance certificate	March 31, 2023 December 31, 2022 Opening balance $ 7,458,750 $ 7,847,937 Repayments - (389,187 ) 7,458,750 7,458,750 Current portion (2,167,156 ) (2,463,737 ) 5,291,594 4,995,013 Add: Deferred markup (2,344,801 ) (952,205 ) Closing balance $ 2,946,793 $ 4,042,807

LONG TERM FINANCING SECURED (Ta

LONG TERM FINANCING SECURED (Tables)	3 Months Ended
	Mar. 31, 2023
LONG TERM FINANCING SECURED
Schedule of long term financing	March 31, 2023 December 31, 2022 Bank Islami Limited 292,386 $ 400,847 Allied Bank Limited 206,329 288,073 Askari Bank Limited 1,008,997 687,285 $ 1,507,712 $ 1,376,205

LINCENSE FEE PAYABLE (Tables)

LINCENSE FEE PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2023
LINCENSE FEE PAYABLE
Schedule of lincense fee payable	March 31, 2023 December 31, 2022 License fee payable $ 160,201 $ 200,586 $ 160,201 $ 200,586

NET REVENUE (Tables)

NET REVENUE (Tables)	3 Months Ended
	Mar. 31, 2023
NET REVENUE
Schedule of revenue	Three Months Ended March 31, 2023 2022 Telecom services $ 2,108,861 $ 1,456,725 Broadband services 368,858 1,576,829 Other services 8,356 4,030 Gross Revenue 2,486,075 3,037,584 Less: Discounts (579 ) (1,650 ) Less: Sales tax (17,123 ) (81,811 ) $ 2,468,372 $ 2,954,123
Schedule of disaggregation of revenue	Three Months Ended March 31, 2023 2022 Telecom Services: International termination services 2,108,861 1,456,725 $ 2,108,861 $ 1,456,725 Broadband Services: IRU services - 1,107,052 Cable TV and internet services 134,091 204,627 Metro fibre solutions 100,630 196,849 Capacity sale services 134,137 65,865 Advertisement services - 2,435 $ 2,477,719 $ 3,033,554

DIRECT OPERATING COSTS (Tables)

DIRECT OPERATING COSTS (Tables)	3 Months Ended
	Mar. 31, 2023
DIRECT OPERATING COSTS
Schedule of direct operating costs	Three Months Ended March 31, 2023 2022 Interconnect, settlement and other charges $ 1,736,783 $ 1,005,286 Salaries, wages and benefits 126,697 183,998 Bandwidth and other PTCL charges 61,033 53,637 Power consumption and rent 49,906 141,802 Network maintenance and insurance 9,162 39,245 PTA fees 14,325 17,929 Cable license fee 9,859 29,010 Annual spectrum fee 16,317 47,825 Stores and spares consumed - - Metro fiber cost - 55,231 Fees and subscriptions 29,370 34,761 Content cost 1,096 5,585 Security services 1,616 1,661 Others 82,658 197,249 $ 2,138,821 $ 1,813,218

FINANCE COST (Tables)

FINANCE COST (Tables)	3 Months Ended
	Mar. 31, 2023
FINANCE COST
Schedule of finance cost	Three Months Ended March 31, 2023 2022 Unwinding of discount on liabilities $ 55,883 $ 251,738 Mark up on term finance certificates 203,746 153,958 Mark-up on long term loan 128,792 294,850 Finance charges on lease liabilities 30,192 45,415 Bank charges and commission 6,482 268 $ 425,095 $ 746,229

TAXATION (Tables)

TAXATION (Tables)	3 Months Ended
	Mar. 31, 2023
TAXATION
Schedule of income tax provision	Three Months Ended March 31, 2023 2022 Current For the period $ 39,108 $ 36,106 Prior periods - - 39,108 36,106 Deferred - - $ 39,108 $ 36,106
Schedule of provision for current taxation	Three Months Ended March 31, 2023 2022 Current Federal $ - $ - State - - Foreign 39,108 36,106 39,108 36,106 Deferred Federal - - State - - Foreign - - $ 39,108 $ 36,106
Schedule of deferred income taxes	March 31, 2023 December 31, 2022 Asset for deferred taxation comprising temporary differences related to: Unused tax losses $ 10,406,558 $ 19,169,614 Provision for doubtful debts 3,168,581 4,878,530 Post employment benefits 215,642 314,490 Provision for stores and spares & stock-in-trade 4,129 6,565 Provision for doubtful advances and other receivables 292,084 464,426 14,086,994 24,833,625 Liability for deferred taxation comprising temporary differences on other liabilities (5,755,248 ) (10,380,642 ) Exchange translation adjustment - (3,387,811 ) $ 8,331,746 $ 11,065,173

RELATED PARTIES (Tables)

RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2023
RELATED PARTIES
Schedule of related parties	Three Months Ended March 31 2023 2022 Worldcall Business Solutions (Private) Limited Expenses borne on behalf of associate $ 10,194 $ 14,641 Worldcall Business Solutions (Private) Limited Interest charges $ 11,756 $ 13,378 Worldcall Cable (Private) Limited Interest charges $ 771 $ 325 ACME Telecom (Private) Limited Interest charges $ 4 $ 6 Worldcall Ride Hail (Private) Limited Interest charges $ 8 $ 5 Key management personnel Advances against expenses disbursed (adjusted) - net $ 49,667 $ 62,577 March 31, 2023 December 31, 2022 Outstanding receivables (payables) Worldcall Business Solutions (Private) Limited Other receivable $ 398,926 $ 474,774 Worldcall Cable (Private) Limited Other receivable $ 9,447 $ 11,516 AMB Management Consultants (Pvt.) Ltd Short term loan $ (210,431 ) $ (263,479 ) ACME Telecom (Private) Limited Other receivable $ 134 $ 163 Worldcall Ride Hail (Private) Limited Other receivable $ 82 $ 99

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details Narrative) - Worldcall Holding Inc. [Member] - $ / shares	Mar. 31, 2023	Dec. 31, 2021
Assets, properties, business and goodwill exchanged into common stocks	117,299,473
Number of shares issued	117,299,473
Percentage of voting shares	85%
Issued price per share		$ 0.0001

BASIS OF PREPARATION OF CONSO_4

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS (Details) - WHI [Member]	Mar. 31, 2023 USD ($)
Cash	$ 1,193
Non-current assets (incl. tangible and intangible assets)	458,287
Current liabilities (incl. trade and other payables)	40,299
Total	$ 419,181

BASIS OF PREPARATION OF CONSO_5

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS (Details 1) - WHI [Member] - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Common stock		$ 11,730
Bargain Purchase Gain		407,451
Net Assets of EBI		419,181
Total	$ 419,181	$ 419,181

BASIS OF PREPARATION OF CONSO_6

BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($) shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 shares
Other Operating Costs | $	$ 214,000	$ 281,000
USD/PKR exchange rates	284.10		226.90
Payroll costs | $	$ 126,700	$ 184,000
Shares issued | shares	139,833,391		139,833,391
WHI [Member]
Shares issued | shares	35,294

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Trade and other receivables	$ 3,835,237	$ 1,178,698
Short term investment	128,850	171,529
Short term borrowings	1,235,098	$ 1,531,718
30-Nov-2021 [Member] | Ferret [Member]
Property and equipment	0
Long term loans	16,576,630
Long term investments	5,849,298
Receivable from associates	0
Trade and other receivables	59,581
Short term investment	4,875,764
Cash and bank balances	375,600
Total assets acquired	27,736,873
Loan from directors	0
long term payables	1,613,556
Short term borrowings	47,993
Accrued interest	(84,972)
Trade and Other Payables	(1,348)
Provision for taxation	0
Net liability assumed	1,747,869
Net assets acquired	(25,989,004)
30-Nov-2021 [Member] | WSL [Member]
Property and equipment	30,983
Long term loans	2,987,911
Long term investments	5,197,957
Receivable from associates	7,216,311
Trade and other receivables	411,002
Short term investment	10,679
Cash and bank balances	20,753
Total assets acquired	15,875,596
long term payables	4,814,974
Short term borrowings	2,113,637
Accrued interest	(1,897,713)
Trade and Other Payables	(15,787)
Provision for taxation	(9,645)
Net assets acquired	1,013,233
Long term loans - Liabilities	(6,163,627)
Loan from directors	(1,873,446)
Net liability assumed	$ (16,888,829)

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - WHI [Member]	Nov. 30, 2021 shares
Shares issued	100,000
30-Nov-2021 [Member]
Shares issued	100,000

CASH AND BANK (Details)

CASH AND BANK (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
CASH AND BANK
Current accounts	$ 203,309	$ 182,270
Savings accounts	2,101	112,438
Net Cash at Bank	205,410	294,708
Cash in hand	321,000	461,323
Pay Orders in hand	0	200
Total Cash	$ 526,410	$ 756,231

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
RESTRICTED CASH
Deposit in escrow account	$ 1,802,108	$ 2,061,124
Margin and other deposits	237,963	303,217
Restricted cash net	$ 2,040,071	$ 2,364,341

RESTRICTED CASH (Details Narrat

RESTRICTED CASH (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($)
Cort Of Law [Member]
Other deposits	$ 70,398

ACCOUNTS RECEIVABLE NET (Detail

ACCOUNTS RECEIVABLE NET (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
ACCOUNTS RECEIVABLE NET
Considered good - unsecured	$ 5,665,676	$ 3,302,580
Considered doubtful - unsecured	2,174,759	2,174,759
Accounts receivable, gross	7,840,435	5,477,339
Less: Provision for expected credit loss	(2,174,759)	(2,174,759)
Accounts receivable, net	$ 5,665,676	$ 3,302,580

ACCOUNTS RECEIVABLE NET (Deta_2

ACCOUNTS RECEIVABLE NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
ACCOUNTS RECEIVABLE NET
Provision for expected credit losss	$ 741,603	$ 739,682

PROPERTY PLANT AND EQUIPMENT (D

PROPERTY PLANT AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Operating fixed assets	$ 18,439,783	$ 23,658,654
Capital work-in-progress	47,563	56,879
Property and equipment, net	18,487,346	23,715,533
Operating Fixed assets ,gross	39,282,906	39,421,829
Less: Accumulated Depreciation	(20,843,123)	(15,763,175)
Operating Fixed assets ,net	18,439,783	23,658,654
Plant and equipment
Property, plant and equipment, gross	36,152,665	36,335,401
Building on freehold land
Property, plant and equipment, gross	435,829	429,705
Freehold land
Property, plant and equipment, gross	181,169	225,729
Leasehold improvements
Property, plant and equipment, gross	850,104	806,713
Office equipment
Property, plant and equipment, gross	470,521	458,815
Vehicles
Property, plant and equipment, gross	137,127	135,200
Computers
Property, plant and equipment, gross	803,834	785,610
Furniture and fixtures
Property, plant and equipment, gross	155,620	149,969
Laboratory and other equipment
Property, plant and equipment, gross	$ 96,037	$ 94,687

PROPERTY PLANT AND EQUIPMENT _2

PROPERTY PLANT AND EQUIPMENT (Details Narrative) - Operating Fixed Assets	3 Months Ended
	Mar. 31, 2023
Minimum
Useful Lives	5 years
Maximum
Useful Lives	20 years

LEASES (Details)

LEASES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
LEASES
Operating lease cost	$ 80,058	$ 113,261
Short term lease cost	8,336	11,794
Operating lease expense	$ 88,394	$ 125,055

LEASES (Details 1)

LEASES (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Operating leases
Operating lease ROU assets, net	$ 538,102	$ 707,991
Current operating lease liabilities	198,971	418,607
Non-Current operating lease liabilities	689,835	955,681
Total operating leases	888,806	1,374,288
ROU Assets	707,991	1,346,359
Asset lease expense	(49,866)	(318,297)
Foreign exchange (gain) loss	(120,023)	(320,071)
ROU Assets - net	$ 538,102	$ 707,991
Weighted average remaining lease term Operating leases	7 years 8 months 4 days	6 years 4 months 2 days
Weighted average discount rate Operating leases	13.35%	13.35%

LEASES (Details 2)

LEASES (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating cash flows from operating leases	$ 80,058	$ 113,261
Measurement Of Lease Liabilities [Member]
Operating cash flows from operating leases	27,927	146,668
Operating leases, net of impairment and terminations	$ 0	$ 0

LEASES (Details 3)

LEASES (Details 3)	Mar. 31, 2023 USD ($)
LEASES
2023	$ 149,228
2024	145,746
2025	158,382
2026	171,452
2027	176,084
Thereafter	611,733
Total lease payments	1,412,626
Less: Imputed interest	(523,820)
Total lease obligations	888,806
Less : current obligations	198,971
Long-term lease obligations	$ 689,835

INTANGIBLE ASSETS NET (Details)

INTANGIBLE ASSETS NET (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Intangible assets Gross	$ 24,208,141	$ 27,435,935
Less: Accumulated amortization - net	(10,768,976)	(11,949,246)
Intangible assets - net	13,439,165	15,486,689
Licenses [Member]
Intangible assets Gross	4,636,199	4,636,199
Patents and copyrights [Member]
Intangible assets Gross	29,848	29,848
IRU - media cost [Member]
Intangible assets Gross	19,478,961	22,706,755
Softwares [Member]
Intangible assets Gross	$ 63,133	$ 63,133

INTANGIBLE ASSETS NET (Details

INTANGIBLE ASSETS NET (Details 1) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
INTANGIBLE ASSETS NET
2023	$ 599,653
2024	799,537
2025	799,537
2026	799,537
2027	799,537
Thereafter	9,641,364
Total	$ 13,439,165	$ 15,486,689

INTANGIBLE ASSETS NET (Detail_2

INTANGIBLE ASSETS NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Amortization of Intangible Assets	$ 273,000	$ 495,000
Minimum
Useful life of intangible assets	5 years
Maximum
Useful life of intangible assets	20 years

TRADE AND OTHER PAYABLES (Detai

TRADE AND OTHER PAYABLES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
TRADE AND OTHER PAYABLES
Trade creditors	$ 9,793,068	$ 11,634,923
Accrued and other liabilities	4,601,585	4,961,552
Payable to PTA against APC charges	6,216,790	7,784,002
Payable against long term investment	154,875	193,918
Contract liabilities	2,485,512	2,541,600
Withholding taxes payable	249,368	297,868
Sales tax payable	351,957	458,515
Security deposits	123,676	154,852
Total trade and other payables	$ 23,976,831	$ 28,027,230

TRADE AND OTHER PAYABLES (Det_2

TRADE AND OTHER PAYABLES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
TRADE AND OTHER PAYABLES
Annual radio spectrum fee	$ 1,820	$ 2,260
Trade creditors payable amount	2,050	2,540
Accrued and other liabilities	$ 650	$ 80

CURRENT PORTION OF NONCURRENT_3

CURRENT PORTION OF NONCURRENT LIABILITIES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
TRADE AND OTHER PAYABLES
Term finance certificates	$ 2,167,157	$ 2,463,732
Mark-up payable on TFCs	1,250,004	1,422,080
Long terms financing	360,595	962,825
Lease liabilities	198,971	418,608
current portion non -current liabilities	$ 3,976,727	$ 5,267,245

ACCRUED INTEREST (Details)

ACCRUED INTEREST (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
ACCRUED INTEREST
Short term borrowings	$ 168,693	$ 219,329
Term finances certificates	1,588,997	1,760,140
Long term financing	0	62,284
Accrued interest	$ 1,757,690	$ 2,041,753

SHORT TERM BORROWINGS (Details)

SHORT TERM BORROWINGS (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
SHORT TERM BORROWINGS
Line of credit facility - commercial banks	$ 160,790	$ 202,541
Line of credit facility - others	1,074,308	1,329,177
Line of credit	$ 1,235,098	$ 1,531,718

SHORT TERM BORROWINGS (Details

SHORT TERM BORROWINGS (Details 1) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
SHORT TERM BORROWINGS
Loan from other parties	$ 89,502	$ 96,108
Loan from related party	210,431	263,479
Loan from Elahi Group of Companies	774,375	969,590
Total Loan due	$ 1,074,308	$ 1,329,177

SHORT TERM BORROWINGS (Detail_2

SHORT TERM BORROWINGS (Details 2) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Loan from related party	$ 89,502	$ 96,108
HTS TEL Communication [Member]
Loan from related party	68,747	68,747
TLT Communication [Member]
Loan from related party	0	3,973
Wisdom Information Technology Solution [Member]
Loan from related party	$ 20,755	$ 23,388

SHORT TERM BORROWINGS (Detail_3

SHORT TERM BORROWINGS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Description of interest rate	from 1 month to 3 months KIBOR (Karachi Interbank Offered Rate) plus 1.5% per annum (31 December 2022: 1 month to 3 months KIBOR plus 1.5% to 2.5% per annum), payable quarterly, on the balance outstanding. The mark up charged during the three months ended 31 March, 2023 on outstanding balances at 18.52% (31 December 2022: 11.19% to 17.60%) per annum
Line of credit	$ 110	$ 140
Bank Islami Limited [Member]
Line of credit long term		$ 1,370

TERM FINANCE CERTIFICATES (Deta

TERM FINANCE CERTIFICATES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
TERM FINANCE CERTIFICATES (TFCs)
Opening balance	$ 7,458,750	$ 7,847,937
Repayments	0	(389,187)
Repayments net	7,458,750	7,458,750
Current portion	(2,167,156)	(2,463,737)
Current portion, net	5,291,594	4,995,013
Add: Deferred markup - net	(2,344,801)	(952,205)
Closing balance	$ 2,946,793	$ 4,042,807

TERM FINANCE CERTIFICATES (De_2

TERM FINANCE CERTIFICATES (Details Narrative) - USD ($) $ / shares in Units, shares in Millions	1 Months Ended		3 Months Ended	12 Months Ended
	Mar. 20, 2021	Jun. 30, 2019	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2018
Average KIBOR plus			1%	1%		1%
Face value per certificate			$ 17.60
Outstanding balance mark up rate						0.60%
Accrued interest percentage					50%
Remaining accrued interest paid percentage	50%
Sponsor's shares pledged		175	161.3
Sponsor's shares called			128.2
Shares sold			13.6
Principal settelment amont			$ 260,000	$ 1,600
Accrued interest			100,000
Installment payment due			$ 1,791,000
Minimum
Outstanding balance mark up rate			17.10%	8.76%
Maximum
Outstanding balance mark up rate			22.15%	17.10%

LONG TERM FINANCING SECURED (De

LONG TERM FINANCING SECURED (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Long-term financing secured	$ 1,507,712	$ 1,376,205
Allied Bank Limited [Member]
Long-term financing secured	206,329	288,073
Askari Bank Limited [Member]
Long-term financing secured	1,008,997	687,285
Bank Islami Limited [Member]
Long-term financing secured	$ 292,386	$ 400,847

LONG TERM FINANCING SECURED (_2

LONG TERM FINANCING SECURED (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Allied Bank Limited [Member]
Pledge amount	$ 2,350
Term loan facility, description	Effective interest rate applicable will be 3 Month KIBOR + 85 bps. The interest charged during the year on the outstanding balance ranged from 17.5% (2022: 11.39% to 16.62%) per annum
Askari Bank Limited [Member]
Term loan facility, description	Effective markup rate applicable will be 1MK - 2% (Floor 10%). The mark up charged during the period on the outstanding balance ranged from 14.4% to 17.38% (2022: 13.46% to 14.61%)
Bank Islami Limited [Member]
Carrying value	$ 83
Pledge amount	$ 3,096
Term loan facility, description	Effective interest rate applicable will be 6 Month KIBOR (Floor 7.5% & Capping 17%). The interest charged during the year on the outstanding balance ranged from 15.87% to 17% (2022: 7.65% to 15.87%) per annum

LINCENSE FEE PAYABLE (Details)

LINCENSE FEE PAYABLE (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
LINCENSE FEE PAYABLE
License fee payable	$ 160,201	$ 200,586
License fee payable Net	$ 160,201	$ 200,586

NET REVENUE (Details)

NET REVENUE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gross Revenue	$ 2,486,075	$ 3,037,584
Less: Discounts	(579)	(1,650)
Less: Sales tax	(17,123)	(81,811)
Net revenue	2,468,372	2,954,123
Telecom services [Member]
Gross Revenue	2,108,861	1,456,725
Broadband services [Member]
Gross Revenue	368,858	1,576,829
Other service [Member]
Gross Revenue	$ 8,356	$ 4,030

NET REVENUE (Details 1)

NET REVENUE (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Total telecom sevices	$ 2,108,861	$ 1,456,725
Total broadband services	2,477,719	3,033,554
Telecom services [Member]
International termination services	2,108,861	1,456,725
Broadband services [Member]
IRU services	0	1,107,052
Cable TV and internet services	134,091	204,627
Metro fibre solutions	100,630	196,849
Capacity sale services	134,137	65,865
Advertisement services	$ 0	$ 2,435

DIRECT OPERATING COSTS (Details

DIRECT OPERATING COSTS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Direct Operating Costs	$ 2,138,821	$ 1,813,218
Interconnect, settlement and other charges [Member]
Direct Operating Costs	1,736,783	1,005,286
Salaries, wages and benefits [Member]
Direct Operating Costs	126,697	183,998
Bandwidth and other PTCL charges [Member]
Direct Operating Costs	61,033	53,637
Power consumption and rent [Member]
Direct Operating Costs	49,906	141,802
Network maintenance and insurance [Member]
Direct Operating Costs	9,162	39,245
PTA fees [Member]
Direct Operating Costs	14,325	17,929
Cable license fee [Member]
Direct Operating Costs	9,859	29,010
Annual spectrum fee [Member]
Direct Operating Costs	16,317	47,825
Stores And Spares Consumed [Member]
Direct Operating Costs	0	0
Metro Fiber Cost [Member]
Direct Operating Costs	0	55,231
Fees and subscriptions [Member]
Direct Operating Costs	29,370	34,761
Content cost [Member]
Direct Operating Costs	1,096	5,585
Security services [Member]
Direct Operating Costs	1,616	1,661
Others [Member]
Direct Operating Costs	$ 82,658	$ 197,249

DIRECT OPERATING COSTS (Detai_2

DIRECT OPERATING COSTS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
DIRECT OPERATING COSTS
Deferred revenue	$ 1,448	$ 34,442

FINANCE COST (Details)

FINANCE COST (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
FINANCE COST
Unwinding of discount on liabilities	$ 55,883	$ 251,738
Mark up on term finance certificates	203,746	153,958
Mark-up on long term loan	128,792	294,850
Finance charges on lease liabilities	30,192	45,415
Bank charges and commission	6,482	268
Total finance cost	$ 425,095	$ 746,229

TAXATION (Details)

TAXATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Deferred provision (benefit) for income taxes	$ 39,108	$ 36,106
Current provision (benefit) for income taxes	39,108	36,106
Current Prior Year [Member]
Deferred provision (benefit) for income taxes	0	0
Current provision (benefit) for income taxes	0	0
Curren Year [Member]
Current provision (benefit) for income taxes	$ 39,108	$ 36,106

TAXATION (Details 1)

TAXATION (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
TAXATION
Current Federal Tax Expense Benefit	$ 0	$ 0
Current State and Local Tax Expense (Benefit)	0	0
Current Foreign Tax Expense (Benefit)	39,108	36,106
Current Income Tax Expense (Benefit)	39,108	36,106
Deferred Federal Income Tax Expense (Benefit)	0	0
Deferred State and Local Income Tax Expense (Benefit)	0	0
Deferred Foreign Income Tax Expense (Benefit)	0	0
Deferred Income Tax Expense (Benefit)	$ 39,108	$ 36,106

TAXATION (Details 3)

TAXATION (Details 3) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
TAXATION
Unused tax losses	$ 10,406,558	$ 19,169,614
Provision for doubtful debts	3,168,581	4,878,530
Post employment benefits	215,642	314,490
Provision for stores and spares & stock-in-trade	4,129	6,565
Provision for doubtful advances and other receivables	292,084	464,426
Deferred income taxes gross	14,086,994	24,833,625
Liability for deferred taxation comprising temporary differences on other liabilities	(5,755,248)	(10,380,642)
Exchange translation adjustment	0	(3,387,811)
Deferred income taxes	$ (8,331,746)	$ (11,065,173)

RELATED PARTIES (Details)

RELATED PARTIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Other receivable	$ 3,835,237		$ 1,178,698
Key management personnel [Member]
Advances against expenses disbursed (adjusted) - net	49,667	$ 62,577
AMB Management Consultants (Pvt.) Ltd [Member]
Short term loan	(210,431)		(263,479)
Worldcall Business Solutions Private Limited [Member]
Expenses borne on behalf of associate	10,194	14,641
Interest charges	11,756	13,378
Other receivable	398,926		474,774
Worldcall Cable (Private) Limited [Member]
Interest charges	771	325
Other receivable	9,447		11,516
ACME Telecom (Private) Limited [Member]
Interest charges	4	6
Other receivable	134		163
Worldcall Ride Hail (Private) Limited [Member]
Interest charges	8	$ 5
Other receivable	$ 82		$ 99

RELATED PARTIES (Details Narrat

RELATED PARTIES (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Outstanding balance	$ 570,000	$ 759,000
Director [Member]
Interest free loan	$ 590,000	$ 940,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	3 Months Ended
	Mar. 31, 2023 shares
SUBSEQUENT EVENTS
Remaining covertible preference shares acquired	52,500