XML 72 R62.htm IDEA: XBRL DOCUMENT v3.23.1
Equity (Details) - USD ($)
1 Months Ended 3 Months Ended
Nov. 09, 2022
Jun. 13, 2022
Jun. 01, 2021
Jun. 21, 2022
Jul. 28, 2021
Feb. 23, 2021
Feb. 22, 2021
Jul. 31, 2016
Jul. 29, 2015
Mar. 31, 2023
Dec. 31, 2022
Nov. 04, 2022
Apr. 14, 2022
Equity (Details) [Line Items]                          
Tax profits percentage                   10.00%      
Registered capital percentage                   50.00%      
Asset purchase agreement, description         the Company entered into an asset purchase agreement with certain seller(the “Seller”) pursuant to which the Company agreed to purchase from the Seller digital currency mining machines for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company(“CCNC Shares”). The CCNC Shares are valued at $2.15 per share. The Company plans to use the assets to further develop its digital currency mining operation. On February 23, 2021, the Company entered into an asset purchase agreement with Sichuan RiZhanYun Jisuan Co., Ltd. (the “Seller”), which was amended and restated on April 16, 2021, and further amended on May 28, 2021. Pursuant to the asset purchase agreement, the Company purchased a total of 10,000 Bitcoin mining machines (the “Assets”) for a total purchase price of RMB 40,000,000 or US$6,160,000 based on the exchange rate as of April 8, 2021 (the “Purchase Price”), payable in the form of 1,587,800 shares of common stock of the Company, valued at US$3.88 per share, which is the closing bid price of the common stock of the Company on the Nasdaq Stock Market on April 8, 2021.              
Original agreement description.           The Seller shall cause revenue and any other source of income from the operation of the Assets to be paid to the Company, payable in cryptocurrency to be deposited into a cryptocurrency wallet held by the Company on a daily basis. The Company shall issue to the Seller or its designees RMB 5,000,000 or US$770,000 worth of common stock of the Company (the “Bonus Shares”) if the Assets generate an average net profit per day/10,000 machines (the “Daily Profit”) on behalf of the Company during the one-year period from March 19, 2021 to March 19, 2022 (the “Valuation Period”) equals to RMB 200,000 or US$30,800 and if the Assets generate an average net profit per month/10,000 machines (the “Monthly Profit”) on behalf of the Company during the Valuation Period equals to RMB 6,000,000 or US$924,000. If the Daily Profit is more than RMB 200,000 or US$30,800 and the Monthly Profit is more than RMB 6,000,000 or US$924,000, the Company shall issue to the Seller or its designees additional shares of common stock in proportion to the amount that is in excess. If the Daily Profit is less than RMB 200,000 or US$30,800 or the Monthly Profit is less than RMB 6,000,000 or US$924,000, the Company shall not issue to the Seller or its designees any Bonus Shares and such month is deemed a “Re-evaluated Month”. At the end of the Valuation Period, the Monthly Profit of such Re-evaluated Month(s) shall be aggregated (the “Aggregate Profit”), and the Company shall issue RMB5,000,000 or US$770,000 worth of common stock of the Company for every RMB6,000,000 or US$924,000 in Aggregate Profit on a pro rata basis. Such Daily Profit and Monthly Profit shall be determined on a monthly basis on the first day of the next month. Such Bonus Shares and additional shares, when applicable, shall be issued on the fifteenth day of the next month.  For any month that has 28 days or 31 days, the Monthly Profit is calculated based on the actual number of days in the month. Notwithstanding the foregoing, no share pursuant to this Agreement shall be issued earlier than May 24, 2021 in any event. The total number of shares of common stock, including the Bonus Shares, issuable to the Seller or its designees pursuant to the Agreement shall in no event be more than 19.99% of the total shares issued and outstanding of Company as of the February 23, 2021, the date of the asset purchase agreement.              
Issued aggregate shares 133,333                 1,711,544 1,844,877    
Bonus shares     925,494                    
Bonus shares value per share (in Dollars per share)     $ 2.51                    
Issue an aggregate                   9,000,000      
Common stock at per share (in Dollars per share)                   $ 0.25      
Media shall pay service fees                   100.00%      
Common stock, par value (in Dollars per share) $ 0.0001                 $ 0.0001 $ 0.0001 $ 0.0001  
Share of common stock 1                        
Common stock, shares authorized 200,000,000                 200,000,000 200,000,000    
Preferred stock, shares authorized 20,000,000                 20,000,000 20,000,000    
Preferred stock, par value (in Dollars per share) $ 0.0001                 $ 0.0001 $ 0.0001    
Wuge [Member]                          
Equity (Details) [Line Items]                          
Media amounted (in Dollars)                   $ 134,851      
Makesi WFOE [Member]                          
Equity (Details) [Line Items]                          
Media amounted (in Dollars)                     $ 492,315    
Common Stock [Member]                          
Equity (Details) [Line Items]                          
Issued aggregate shares     2,513,294                   7,680,000
Shares of common stock     1,587,800                    
Issued aggregate per share (in Dollars per share)                         $ 1
Issuance shares of common stock   7,680,000   7,680,000                  
Issue an aggregate                   310,168      
Note Warrant [Member]                          
Equity (Details) [Line Items]                          
Units at a purchase price                 10,000,000        
Purchase price per share (in Dollars per share)                 $ 5        
Warrants and options                 the Company’s common stock, $0.0001 par value, and one warrant. Each warrant will entitle the holder to purchase one-half of one share of common stock at an exercise price of $2.88 per half share ($5.75 per whole share). Warrants may be exercised only for a whole number of shares of common stock. No fractional shares will be issued upon exercise of the warrants. The warrants will become exercisable on 30 days after the consummation of its initial Business Combination with China Sunlong on February 6, 2018. The warrants will expire February 5, 2023. The warrants will be redeemable by the Company at a price of $0.01 per warrant upon 30 days prior written notice after the warrants become exercisable, only in the event that the last sale price of the common stock equals or exceeds $12.00 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which notice of redemption is given.        
Securities Purchase Agreement Member                          
Equity (Details) [Line Items]                          
Common stock, description             (i) 4,166,666 shares of common stock, par value $0.0001 of the Company (the “Shares”) and (ii) registered investor warrants, with a term of five years, exercisable immediately upon issuance, to purchase an aggregate of up to 1,639,362 shares of common stock (the “Registered Investor Warrant Shares”) at an exercise price of $6.72 per share, subject to adjustments thereunder, including a reduction in the exercise price, in the event of a subsequent offering at a price less than the then current exercise price, to the same price as the price in such offering (a “Price Protection Adjustment”) (the “Registered Investor Warrants”), and (b) a concurrent private placement (the “Private Placement” and collectively with the Registered Direct Offering, the “Offering”) for the sale of unregistered investor warrants, with a term of five and one-half years, first exercisable on the date that is the earlier of (i) six months after the date of issuance or (ii) the date on which the Company obtains stockholder approval approving the sale of all of the securities offered and sold under the Purchase Agreement (the “Stockholder Approval”) to purchase an aggregate of up to 2,527,304 shares of common stock (the “Unregistered Investor Warrant Shares”) at an exercise price of $6.72 per share, subject to adjustments thereunder, including (x) a Price Protection Adjustment and (y) in the event the exercise price is more than $6.10, a reduction of the exercise price to $6.10, upon obtaining the Stockholder Approval (the “Unregistered Investor Warrants”). The Shares, the Registered Investor Warrants, the Unregistered Investor Warrants, the Registered Investor Warrant Shares and the Unregistered Investor Warrant Shares are collectively referred to as the “Securities.” The Company received gross proceeds from the sale of the Securities of $24,999,996, before deducting placement agent fees and other Offering expenses.            
Director [Member]                          
Equity (Details) [Line Items]                          
Common stock at per share (in Dollars per share)               $ 4.9          
Series of Individually Immaterial Business Acquisitions [Member] | Director [Member]                          
Equity (Details) [Line Items]                          
Acquire shares of common stock               12,000          
Sponsor [Member]                          
Equity (Details) [Line Items]                          
Units at a purchase price                 500,000        
Purchase price per share (in Dollars per share)                 $ 5        
Aggregate price (in Dollars)                 $ 2,500,000        
Underwriter Member                          
Equity (Details) [Line Items]                          
Common stock, description                   The Company sold to the underwriter (and/or its designees), for $100, as additional compensation, an option to purchase up to a total of 800,000 units exercisable at $5.00 per unit (or an aggregate exercise price of $4,000,000) upon the closing of the Public Offering. Since the option is not exercisable until the earliest on the closing the initial Business Combination, the option will effectively represent the right to purchase up to 800,000 shares of common stock and 800,000 warrants to purchase 400,000 shares at $5.75 per full share for an aggregate maximum amount of $6,300,000.