XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Unaudited Interim Condensed Consolidated Balance Sheet - USD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 486,201 $ 5,175,518
Loan receivable 1,919,781
Other receivables, net 9,195 9,459
Convertible notes receivable 2,656,877 2,602,027
Prepaid and other current assets 1,053,329 1,290,890
Total current assets 6,125,383 9,077,894
EQUIPMENT, NET 11,328 12,511
RIGHT-OF-USE ASSETS, NET 1,566,003 1,561,058
OTHER ASSETS    
Intangible assets, net 3,119,244 3,307,949
Other assets 250,740 250,740
Total other assets 3,369,984 3,558,689
Total assets 11,072,698 14,210,152
CURRENT LIABILITIES    
Other payables and accrued liabilities 193,422 23,338
Lease liabilities - current 308,419 358,998
Total current liabilities 542,674 403,169
OTHER LIABILITIES    
Lease liabilities – non-current 1,326,946 1,317,678
Deferred tax liabilities 328,861 327,822
Total other liabilities 1,655,807 1,645,500
Total liabilities 2,198,481 2,048,669
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively
Common stock, $0.0001 par value, 200,000,000 shares authorized, 7,941,261 and 5,453,416 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 794 545
Additional paid-in capital 81,511,298 77,530,221
Accumulated deficit (73,336,853) (69,358,225)
Accumulated other comprehensive income 309,046 175,306
Total GD Culture Group Limited shareholders’ equity 8,484,285 8,347,847
Noncontrolling interest 389,932 3,813,636
Total shareholders’ equity 8,874,217 12,161,483
Total liabilities and shareholders’ equity 11,072,698 14,210,152
Related Party    
CURRENT LIABILITIES    
Other payables - related parties $ 40,833 $ 20,833