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Fair Value Information (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Information [Abstract]  
Schedule of the Related Information of Natures of the Assets and Liabilities The related information of natures of the assets and liabilities is as follows:
June 30, 2024  Level 1   Level 2   Level 3   Total 
Assets               
Recurring fair value measurements                
Financial assets at fair value through profit or loss                
Investment in a rent-a-captive company  $-   $        -   $1,544,045   $1,544,045 
                     
Liabilities                    
Recurring fair value measurements                    
Financial liabilities at fair value through profit or loss    
       
Warrant liabilities   $

506,846

    $-     $

4,984,057

    $

5,490,903

 
Convertible preference share liabilities   -    -    14,570,968    14,570,968 
   $506,846   $-   $19,555,025  $
20,061,870
 

 

December 31, 2023  Level 1   Level 2   Level 3   Total 
Assets                
Recurring fair value measurements                
Financial assets at fair value through profit or loss                
Investment in a rent-a-captive company  $
-
   $
          -
   $995,101   $995,101 
                     
Liabilities                    
Recurring fair value measurements                    
Financial liabilities at fair value through profit or loss        
 
           
Warrant liabilities  $287,482   $
-
   $5,934,000   $6,221,482 
Convertible preference share liabilities  $-   $
-
   $7,767,238   $7,767,238 
   $287,482   $-   $13,701,238   $13,988,720 
Schedule of the Changes in Level 3 Instrument The following table represents the changes in Level 3 instrument for the six months period ended June 30, 2024 and 2023:
   2024   2023 
Financial assets at fair value through profit or loss        
At January 1  $995,101   $1,073,229 
Losses recognized in profit or loss   548,944    (78,128)
At June 30 and December 31  $1,544,045   $995,101 
   2024   2023 
Private warrant liabilities at fair value        
At January 1  $5,934,000   $
-
 
Granted in the year   3,642,663    9,222,288 
Losses recognized in profit or loss   (4,592,606)   (3,288,288)
At June 30 and December 31  $4,984,057   $5,934,000 
   2024   2023 
Convertible preference share liabilities at fair value        
At January 1  $7,767,238   $
-
 
Granted in the year   6,007,337    14,067,712 
Exercised in the year   (6,855,259)   (5,214,962)
Losses recognized in profit or loss   7,651,652    (1,085,512)
At June 30 and December 31   14,570,968   $7,767,238 
Schedule of Qualitative Information of Significant Unobservable Inputs and Sensitivity Analysis The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:
   Fair value at
June 30,
2024		   Valuation
technique		  Significant
unobservable input		  Range
(weighted
average)		   Relationship of inputs to fair value
Investment in a rent-a-captive company  $1,544,045   Net asset value  Not applicable   
Not applicable
   Not applicable
           Risk free rate-series A   4.46%  The higher the risk free rate, the higher the fair value
           Risk free rate-series B   4.44%  The higher the risk free rate, the higher the fair value
Warrant liabilities  $4,984,058   Black-Scholes Model  Price volatility-series A   105.29%  No certain positive and negative relationship between stock price volatility and fair value
           Price volatility-series B   100.32%  No certain positive and negative relationship between stock price volatility and fair value
           Dividend yield   0.00%  The higher the dividend rate, the lower the fair value
           Risk free rate   4.42%  The higher the risk free rate, the higher the fair value
Convertible preference share liabilities  $14,570,968   Black-Scholes Model  Price volatility   97.33%  No certain positive and negative relationship between stock price volatility and fair value
       Dividend yield   0.00%  The higher the dividend rate, the lower the fair value

 

    Fair value at
December 31,
2023		   Valuation
technique		  Significant
unobservable
input		   Range
(weighted average)		   Relationship
of inputs to
fair value
Investment in a rent -a- captive company  $995,101   Net asset value  Not applicable   
Not applicable
   Not applicable
Warrant liabilities  $5,934,000   Black-Scholes Model  Risk free rate   3.90%  The higher
           Price volatility   93.45%  No certain
           Dividend yield   0.00%  The higher
           Risk free rate   3.90%  The higher
Convertible preference share liabilities  $7,767,238   Black-Scholes Model  Price volatility   93.23% 

No certain positive and negative relationship between stock price

volatility and fair value
           Dividend yield   0.00%  The higher the dividend rate, the lower the fair value