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Long-Term Investments, Net (Tables)
12 Months Ended
Dec. 31, 2023
Long-Term Investments, Net [Abstract]  
Schedule of Long-Term Investments Long-term investments, net consisted of the following:
   As of December 31, 
   Ownership interest   2023   Ownership interest   2022 
                 
Marketable equity securities:                
Investment C   0.00%*  $595    0.46%  $2,443,593 
                     
Non-marketable equity securities:                    
Investment A   8.37%   5,826,703    8.37%   5,717,678 
Investment B   3.63%   342,000    3.63%   513,000 
Investment D   4.47%#   16,880,384    4.92%   16,030,943 
Investment E, related party   4.00%   522,531    4.00%   522,557 
Investment F   4.00%   2,152,251    4.00%   11,805,589 
Total        25,723,869         34,589,767 
                     
Net carrying value       $25,724,464        $37,033,360 
*Less than 0.001%
#Decrease in percentage due to share dilution
Schedule of Changes in Fair Value of Non-Market Equity Securities The following table presents the movement of non-marketable equity securities as of December 31, 2023 and 2022:
   As of December 31, 
   2023   2022 
Balance at beginning of year  $34,589,767   $25,496,534 
Additions   288,581    16,228,690 
Adjustments:          
Upward adjustments   
    2,137,021 
Downward adjustments (note)   (10,092,729)   (6,898,549)
Foreign exchange adjustment   938,250    (2,373,929)
Balance at end of year  $25,723,869   $34,589,767 
Schedule of Cumulative Unrealized Gains and Losses Cumulative unrealized gains and losses, included in the carrying value of the Company’s non-marketable equity securities:
   As of December 31, 
   2023   2022 
Downward adjustments (including impairment)  $(37,347,329)  $(27,254,600)
Upward adjustments   6,209,357    6,209,357 
Total  $(31,137,972)  $(21,045,243)
Schedule of Investment Loss (Income), Net Investment loss, net is recorded as other expense in the Company’s consolidated statements of operations and comprehensive loss, and consisted of the following:
   For the years ended
December 31,
 
   2023   2022 
Marketable equity securities:          
Unrealized gain (loss) from the changes in fair value – Investment C  $272   $(5,330,652)
Realized gain from sale of Investment C   1,543,543    
 
           
Non-marketable equity securities:          
Unrealized (loss)/gains (including impairment) – Investment F   (9,922,184)   2,137,021 
Unrealized (loss) (including impairment) – Investment B   (170,545)   (756,478)
Unrealized (loss) (including impairment) – Investment A   
    (6,142,071)
Dividend income   1,670,045    1,154,749 
Investment loss, net  $(6,878,869)  $(8,937,431)