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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,861,223 $ 6,449,876
Restricted cash 16,816,842 44,844,196
Accounts receivable, net 2,970,636 2,822,162
Loans receivable, net 549,461 517,479
Notes receivable, net 557,003
Income tax recoverable 260,120
Deposit, prepayments, and other receivables, net 1,769,582 589,786
Total current assets 25,618,972 55,756,165
Non-current assets:    
Rental deposit, net 961,253
Loans receivable, net 1,054,841 1,072,392
Property and equipment, net 1,721,284 7,359,416
Right-of-use asset, net 11,508,153
Long-term investments, net 25,201,933 36,510,803
Total non-current assets 40,969,995 45,465,168
TOTAL ASSETS 66,588,967 101,221,333
Current liabilities:    
Accounts payable and accrued liabilities 19,754,041 20,274,429
Escrow liabilities 16,816,842 29,487,616
Borrowings 1,804,950 4,477,254
Amounts due to the holding company 2,906,261 6,289,743
Income tax payable 328,720
Lease liabilities 1,229,329
Forward share purchase liability 13,491,606
Total current liabilities 47,840,143 74,020,648
Long-term liabilities:    
Lease liabilities 10,646,053
Warrant liabilities 4,548
Deferred tax liabilities 45,858
Total long-term liabilities 10,646,053 50,406
TOTAL LIABILITIES 58,486,196 74,071,054
Commitments and contingencies (Note 24)
Shareholders’ equity:    
Ordinary shares, $0.001 par value; 200,000,000 shares authorized, 68,661,998 and 58,376,985 shares issued and outstanding as of December 31, 2023 and 2022, respectively 68,662 58,377
Ordinary shares to be issued 4,854 1,665
Additional paid-in capital 74,103,494 43,870,308
Accumulated other comprehensive loss (473,087) (384,938)
Accumulated deficit (65,601,152) (16,395,133)
Total shareholders’ equity 8,102,771 27,150,279
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 66,588,967 101,221,333
Related Party    
Current assets:    
Accounts receivable, net, related parties 1,094,225 272,546
Non-current assets:    
Long-term investments, net, related party 522,531 522,557
Current liabilities:    
Borrowings, related party $ 5,000,000