XML 86 R76.htm IDEA: XBRL DOCUMENT v3.23.3
Equity (Details) - USD ($)
1 Months Ended 9 Months Ended
Jun. 22, 2023
Feb. 22, 2021
Feb. 17, 2021
Jul. 29, 2015
Sep. 30, 2023
May 16, 2023
Dec. 31, 2022
Apr. 29, 2021
Equity (Details) [Line Items]                
Tax profits percentage         10.00%      
Registered capital percentage         50.00%      
Restricted net assets           $ 492,315  
Asset purchase agreement, description         In the concurrent PIPE offering, the Company sold warrants to purchase up to 1,154,519 shares of common stock to the Purchasers, pursuant to a private warrant securities purchase agreement, dated May 1, 2023. In connection with the offering, the Company paid Univest Securities, LLC, the placement agent, a total cash fee equal to 7.0% of the aggregate gross proceeds received in the offering, a non-accountable expense allowance equal to 1% of the aggregate gross proceeds, and reimbursement for certain out-of-pocket accountable expenses incurred in this offering in the amount of $150,000. In addition, the Company issued to the placement agent warrants to purchase up to 115,452 shares of common stock at an exercise price of $10.02 per share, which represents 120% of the offering price of each share. The net proceeds from the Offering, after deducting placement agent discounts and commissions and estimated offering expenses payable by the Company, are approximately $8.5 million (assuming the warrants are not exercised).      
Price per share $ 4       $ 0.0001      
Common stock, shares issued         3,053,563   1,844,877 231,802
Purchase shares   84,244            
Exercise price         $ 201.6     $ 183
Purchase price per share         $ 183      
Cash         $ 2,310,000      
Aggregate gross proceeds percentage         120.00%      
Non-accountable expense         $ 250,000      
Accountable expenses         $ 60,000      
Options granted         180      
Common stock shares outstanding, percentage     19.99%   9.99%      
Aggregate common stock shares         310,168      
Pre-funded warrant         $ 8.349      
Public offering price per sahre         $ 0.001      
Exercise price per share         0.001      
Warrant is outstanding price per share         $ 0.001      
Warrants to purchase shares         1,154,519      
Aggregate percentage         7.00%      
Incurred offering cost         $ 150,000      
Common stock, shares issued         115,452      
Minimum [Member]                
Equity (Details) [Line Items]                
Outstanding common stock, percentage         4.99%      
Maximum [Member]                
Equity (Details) [Line Items]                
Outstanding common stock, percentage         9.99%      
Warrant [Member]                
Equity (Details) [Line Items]                
Warrants and options         On July 29, 2015, the Company sold 10,000,000 units at a purchase price of $5.00 per unit (“Public Units”) in its initial public offering. Each Public Unit consists of one share of 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 expired on 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.      
Warrant [Member]                
Equity (Details) [Line Items]                
Aggregate gross proceeds percentage         1.00%      
Software [Member]                
Equity (Details) [Line Items]                
Purchase price $ 750,000              
Common Stock [Member]                
Equity (Details) [Line Items]                
issuance of shares of common stock as purchase consideration 187,500              
Price per share         $ 10.02      
Common stock, shares issued         84,244      
Aggregate gross proceeds percentage         5.00%      
Securities Purchase Agreement [Member]                
Equity (Details) [Line Items]                
Common stock, description         On May 4, 2023, the Company sold an aggregate of 310,168 shares of common stock of the Company, par value $0.0001 per share, and pre-funded warrants to purchase up to an aggregate of 844,351 shares of common stock are sold to certain purchasers, pursuant to a securities purchase agreement, dated May 1, 2023, as amended on May 16, 2023. The purchase price of each share of common stock is $8.35. The purchase price of each pre-funded warrant is $8.349, which equals the price per share of common stock being sold to the public in this offering, minus $0.001. The RD Offering is being made pursuant to a shelf registration statement (No. 333-254366) on Form S-3, which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 26, 2021, and related prospectus supplement.      
Common stock, shares issued   138,889            
Unregistered Warrants [Member]                
Equity (Details) [Line Items]                
Common stock, shares issued   54,646            
Exercise price         $ 8.35      
Price Protection Adjustment [Member]                
Equity (Details) [Line Items]                
Exercise price         201.6      
Stockholder Approval [Member]                
Equity (Details) [Line Items]                
Common stock, shares issued               231,802
Purchase price per share         $ 183      
Placement Agency Agreement [Member]                
Equity (Details) [Line Items]                
Common stock, shares issued         6,945      
Commission fee         $ 2,000,000      
Aggregate gross proceeds percentage         8.00%      
Pre-Funded Warrants [Member]                
Equity (Details) [Line Items]                
Common stock shares outstanding, percentage         4.99%      
Aggregate common stock shares         844,351      
RD Securities Purchase Agreement [Member]                
Equity (Details) [Line Items]                
Purchase price per share           $ 8.35    
Placement Agent [Member]                
Equity (Details) [Line Items]                
Aggregate gross proceeds percentage         1.00%      
Sponsor [Member]                
Equity (Details) [Line Items]                
Number of shares in a unit       500,000        
PricePerUnit       $ 5        
Aggregate price       $ 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.