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Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Estimate the Fair Value of Stock Options | For the year ended December 31, 2022, assumptions used to estimate the fair value of stock options on the grant dates are as follows:
|  | Options granted in May 2021 |  |  | Options Amended in January, 2022 |  |  | Options Amended in May, 2022 |  |  | Options Amended in December, 2022 |
Risk-free interest rate |  |  | 0.81 | % |  |  | 1.66 | % |  |  | 0.81 | % |  |  | 4.44 | %
Expected life of the options |  |  | 5 years |  |  |  | 4.33 years |  |  |  | 4.03 years |  |  |  | 3.43 years |
Expected volatility |  |  | 96.0 | % |  |  | 96.0 | % |  |  | 96.0 | % |  |  | 96.0 | %
Expected dividend yield |  |  | - | % |  |  | - | % |  |  | - | % |  |  | - | %
Fair value |  | $ | 7,232,526 |  |  | $ | 2,106,163 |  |  | $ | 1,652,811 |  |  | $ | 689,971 |
Schedule of Activities of the Stock Options | A summary of activities of the stock options for the years ended December 31, 2023, 2022 and 2021 is presented as follows:
|  | Number of Share Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
|  |  |  |  | US$ |  |  | Year |  |  | US$ |
Outstanding as of December 31, 2020 |  |  | 5,627 |  |  |  | 1,133.36 |  |  |  | 4.37 |  |  |  | - |
Granted |  |  | 31,687 |  |  |  | 292.80 |  |  |  | - |  |  |  |  |
Exercised |  |  | (242 | ) |  |  |  |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2021 |  |  | 37,072 |  |  |  | 416.42 |  |  |  | 4.23 |  |  |  | - |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Cancelled |  |  | (4,377 | ) |  |  | 1,133.36 |  |  |  | - |  |  |  | - |
Outstanding as of December 31, 2022 |  |  | 32,695 |  |  |  | 48.00 |  |  |  | 3.49 |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Cancelled |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding as of December 31, 2023 |  |  | 32,695 |  |  |  | 47.29 |  |  |  | 2.49 |  |  |  | - |
Exercisable as of December 31, 2023 |  |  | 32,695 |  |  |  | 47.29 |  |  |  | 2.49 |  |  |  | - |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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