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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,589,784) $ (3,707,567)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of equipment 3,548 751
Amortization of intangible assets 628,834 162,500
Lease expenses of right-of-use assets 313,472 60,224
Disposal of the company 230
Goodwill impairments 2,070,753
Other-than-temporary impairment losses from convertible note 1,500,000
Other-than-temporary impairment losses from intangible assets 2,756,986
Changes in operating assets and liabilities    
Accounts receivable (52,196)
Other receivables (38,587) (51,399)
Prepaid expense - related party (100,000)
Prepaid and other current assets 1,128,935 (4,610,398)
Accounts payable (91,273)
Other payables and accrued liabilities 138,130 (16,410)
Customer deposits 68,531
Lease liabilities (294,492) (31,342)
Taxes payable (6,994)
Other payables - related party 151,528 (160,760)
Deferred tax liability (22,666)
Net cash used in operating activities (5,324,096) (6,465,350)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of intangible assets (2,500,000)
Purchase of equipment (9,617)
Purchase of convertible notes (2,500,000)
Loan to a third party (1,900,000)
Repayment of loan to a third party 1,250,000
Net cash used in investing activities (650,000) (5,009,617)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 829,879 8,618,240
Contribution by noncontrolling shareholder 4,115,519
Proceeds from exercise of pre-funded warrants 654
Net cash provided by financing activities 830,533 12,733,759
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS 14 (752)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (5,143,549) 1,258,040
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 5,175,518 389,108
CASH AND CASH EQUIVALENTS, END OF PERIOD 31,969 1,647,148
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax
Cash paid for interest
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock for acquisition right, title, and interest in and to the certain software 1,248,000 750,000
The cancellation of the common stock 948,000
Initial recognition of right-of-use assets and lease liability 205,539 1,731,824
Issuance of common stock for 13.3333% interest in SH Xianzhui 3,150,793
Exercise of November 2023 Registered Warrants 71
Exercise of pre-funded warrants pursuant to the Warrant Exchange Agreements 58
Exercise of February 2021 Registered Warrants $ 9