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Principal Activities, Basis of Presentation and Organization (Tables)

6 Months Ended

Jun. 30, 2023

Principal Activities, Basis of Presentation and Organization [Abstract]

Schedule of Presents the Activity of the Deferred Batteries Development and Sales of Batteries Revenue

The table below presents the activity of the deferred batteries development and sales of batteries revenue during the six months ended June 30, 2022 and 2023, respectively:

		June 30				June 30,
		2022				2023
Balance at beginning of the year		$	784,000			$	1,869,525
Development fees collected/ deposits received			-				-
Development and sales of batteries revenue recognized			-				-
Foreign exchange adjustment			-				(51,570	)
Balance at end of period		$	784,000			$	1,817,955

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- Definition

Tabular disclosure of the entity's accounting policy for the recognition of revenue under the milestone method. Includes: (1) a description of the overall arrangement; (2) a description of each milestone and related contingent consideration; (3) a determination of whether each milestone is considered substantive; (4) the factors that the entity considered in determining whether the milestone or milestones are substantive; and (5) the amount of consideration recognized during the period for the milestone or milestones.

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