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Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Schedule of Lease Payments Over the Term | For leases with terms greater than 12 months, the Company records the related asset and liability at the present value of lease payments over the term.
|  | September 30, 2023 |  |  | December 31, 2022 |
Weighted average discount rate: |  |  |  |  |  |
Operating lease |  |  | 5.25 years |  |  |  | N/A |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating lease |  |  | 4.24 | % |  |  | N/A |
Schedule of Balances for the Operating Leases | The balances for the operating leases where the Group is the lessee are presented as follows within the consolidated balance sheets:
|  | September 30, 2023 |  |  | December 31, 2022 |
Operating lease right-of-use assets, net |  |  |  |  |  |
Operating lease |  |  | 1,683,518 |  |  |  | - |
Lease liabilities |  |  |  |  |  |  |  |
Current portion of operating lease liabilities |  |  | 324,162 |  |  |  | - |
Non-current portion of operating lease liabilities |  |  | 1,388,238 |  |  |  | - |
|  |  | 1,712,400 |  |  |  | - |
Schedule of Future Lease Payments under Operating Leases | Future lease payments under operating leases as of September 30, 2023 were as follows:
|  | Operating Leases |
FY2024 |  |  | 344,768 |
FY2025 |  |  | 383,632 |
FY2026 |  |  | 391,305 |
FY2027 |  |  | 399,131 |
FY2028 |  |  | 407,114 |
Total lease payments |  |  | 1,925,949 |
Less: imputed interest |  |  | 213,549 |
Present value of lease liabilities (1) |  |  | 1,712,400 |
(1) | Present value of future operating lease payments consisted of current portion of operating lease liabilities and non-current portion of operating lease liabilities, amounting to $324,162 and $1,388,238 for the nine months ended September 30, 2023, respectively.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
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