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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Information [Abstract]  
Schedule of Chief Operating Decision-Maker for the Reportable Segments The segment information provided to the chief operating decision-maker for the reportable segments is as follows:
   Six months ended June 30, 2024 
   Security
Convergence		   Video IoT   Other
segment
(Note 1)		   Adjustment and
write-off
(Note 2)		   Consolidation 
Revenue from external customers  $19,225,852   $1,448,839   $
-
   $
-
   $20,674,691 
Inter-segment revenue   506,478    1,941    
-
    (508,419)   
-
 
Total segment revenue  $19,732,330   $1,450,780   $
-
   $(508,419)  $20,674,691 
Segment gain (loss) before tax  $10,331,305   $581,944   $(9,268,068)  $104,298   $1,749,479 
Segment including:                         
Depreciation  $(164,733)  $(18,406)  $(92,607)  $
-
   $(275,746)
Amortization  $(69,251)  $(4,328)  $(368,663)  $
-
   $(442,242)
Interest income  $158,031   $12,545   $221,879   $
-
   $392,455 
Interest expense  $(256,131)  $(36,267)  $(124,207)  $
-
   $(416,605)
Tax expense  $121,055   $14,330   $2,506        $137,891 
Segment assets  $89,569,681   $11,856,603   $121,854,568   $(90,167,488)  $133,113,364 
Segment liabilities  $47,090,280   $18,218,480   $83,395,402   $(87,646,410)  $61,057,682 

 

    Six months ended June 30, 2023  
    Security
Convergence		     Video IoT     Other
segment
(Note 1)		     Adjustment and
write-off
(Note 2)		     Consolidation  
Revenue from external customers   $ 4,971,940     $ 1,457,395     $
-
     $
-
     $ 6,429,335  
Inter-segment revenue     85,817       30,482      
-
       (116,299 )    
-
  
Total segment revenue   $ 5,057,757     $ 1,487,877     $
-
     $ (116,299 )   $ 6,429,335  
Segment loss before tax   $ (948,206 )   $ (5,970 )   $ (6,313,410 )   $
-
     $ 7,267,586  
Segment including:                                        
Depreciation   $ (249,437 )   $ (68,639 )   $ (3,826 )   $
-
     $ (321,902 )
Amortization   $ (24,021 )   $ (7,552 )   $ (375,000 )   $
-
     $ (406,573 )
Interest income   $ 124,216     $ 40,622     $ 235,678     $
-
     $ 400,516  
Interest expense   $ (226,547 )   $ (53,412 )   $ (96,587 )   $
-
     $ (376,546 )
Tax expense   $
-
     $
-
     $ 2,172     $
-
     $ (2,172 )
Segment assets   $ 35,950,283     $ 18,834,567     $ 50,250,746     $ (40,472,530 )   $ 64,563,066  
Segment liabilities   $ 29,668,610     $ 21,389,037     $ 23,088,311     $ (38,660,114 )   $ 35,485,844  
Note 1: Other segment is composed of holding companies and oversea subsidiaries which are excluded from reportable segments of Security Convergence or Video IoT.
Note 2: Adjustment and write-off represent elimination for intercompany transactions for consolidation purpose.