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Nature of business and organization | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Nature of business and organization | Note 1 — Nature of business and organization MicroCloud Hologram Inc. (formerly known as Golden Path Acquisition Corporation) (“Golden Path” or “the Company”), a Cayman Islands exempted company, is a leading holographic digitalization technology service provider in China, which is committed to providing first-class holographic technology services to the customers worldwide. MC Hologram Inc. (“MC”) is a holding company incorporated on November 10, 2020, under the laws of the Cayman Islands. The Company has no substantive operations other than holding all of the outstanding share capital of Quantum Edge HK Limited (“Mengyun HK”), which was established in Hong Kong on November 25, 2020. Mengyun HK is also a holding company holding all of the outstanding equity of Beijing Xihuiyun Technology Co., Ltd (“Beijing Xihuiyun”) which was established on May 11, 2021 under the law of the People’s Republic of China (“PRC” or “China”). Reorganization On September 10, 2021, MC completed a reorganization of entities under common control of its then existing shareholders, who collectively owned majority of the equity interests of MC. MC, Mengyun HK and Beijing Xihuiyun were established as the holding companies of Shanghai Mengyun. All of these entities are under common control as the same group of shareholders held more than 50% of the voting ownership interest of each entity which results in the consolidation of Shanghai Mengyun and its subsidiaries which have been accounted for as a reorganization of entities under common control at carrying value. After the reorganization, MC owns 100% equity interests of Mengyun HK, Mengyun HK owns 100% equity interests of Beijing Xihuiyun. Mengyun HK and Beijing Xihuiyun together own 100% equity interest of Shanghai Mengyun. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the consolidated financial statements. The Company, through its wholly owned subsidiaries, are mainly engaged in holographic technology: (1) Holographic solutions, and (2) Holographic technology service. The majority of Company’s business activities are carried out in Shenzhen, China. As of December 31, 2023, there are thirteen subsidiaries under the consolidation of the Shanghai Mengyun. In March 2016, Shanghai Mengyun established wholly owned subsidiaries Shenzhen Mengyun Holographic Technology Co.,Ltd. (“Shenzhen Mengyun”) and Mcloudvr Software Network Technology Co., Limited(“Mcloudvr Software”). Shenzhen Mengyun established Horgos Weiyi Software Technology Co., Ltd. (“Horgos Weiyi”) on September 6, 2016 and Shenzhen Yunao Hongxiang Technology Co., Ltd. (“Shenzhen Yunao”) on December 3, 2021. Shenzhen Mengyun and subsidiaries engaged in holographic integrated entertainment solutions. On June 26, 2017, Shanghai Mengyun acquired Shenzhen Qianhaiyoushi Technology Co., Ltd. (“Qianhai Youshi”) and Qianhai Youshi’s subsidiary Kashgar Youshi Information Technology Co., Ltd. (“Kashgar Youshi”). Qianhai Youshi established wholly owned subsidiaries Horgos Youshi Information Technology Co., Ltd. (“Horgos Youshi”) in November 2020 and acquired Shenzhen Yijia Network Technology Co., Ltd. (“Yijia Network”) in July 2020. Qianhai Youshi and subsidiaries are mainly engaged in holographic content sales and SDK software services. On July 1, 2020, Shenzhen Mengyun acquired Shenzhen Bowei BroadVision Technology Co., Ltd. (“Shenzhen Bowei”), Shenzhen Bowei established wholly owned subsidiaries Horgos BroadVision Technology Co., Ltd. (“Horgos Bowei”) and Broadvision Intelligence (Hong Kong), Ltd. (“Broadvision HK”) in November 2020. Shenzhen Bowei and subsidiaries are mainly engaged in holographic printed circuit board assembly (“PCBA”) solutions. On October 1, 2020, Shenzhen Mengyun acquired Shenzhen Tianyuemeng Technology Co., Ltd. (“Shenzhen Tianyuemeng”). Shenzhen Tianyuemeng established Horgos Tianyuemeng Technology Co., Ltd. (“Horgos Tianyuemeng”) in October 2020 and Horgos Tianyuemeng Technology Co., Ltd.-Shenzhen Branch (“Horgos Tianyuemeng-SZ”) in March 2021, which was later dissolved on December 10, 2021. Shenzhen Tianyuemeng and subsidiary engaged in holographic advertising services and SDK software services. On October 5, 2020, Shenzhen Mengyun acquired Mcloudvr Software Network Technology HK (“Mcloudvr HK”) for no consideration, which engaged in holographic integrated entertainment solutions, from the majority shareholder of Shanghai Mengyun, as of the acquisition date, there is no operation for Mcloudvr HK. Mcloudvr HK and another two investors established Ocean Cloud Technology Co., Limited. (“Ocean HK”) in November 2021 and Ocean HK established Shenzhen Haiyun Xinsheng Technology Co., Ltd. (“Shenzhen Haiyun”) in December 2021. On January 18, 2022, Shenzhen Haiyun acquired Shenzhen Tata Mutual Entertainment Information Technology Co., Ltd. (“Shenzhen Tata”) for RMB 4 (USD 0.62) from four third parties. Shenzhen Tata further established Horgos Tata Mutual Entertainment Information Technology Co., Ltd. (“Horgos Tata”) on March 22, 2022. On June 30, 2022, Shenzhen Haiyun transferred Shenzhen Tata and its subsidiary to an third party for RMB 1 (USD 0.15). On January 29, 2022, Shenzhen Haiyun established Shenzhen Youmi Technology Co., Ltd. (“Shenzhen Youmi”) under the law of PRC. Shenzhen Youmi further established Horgos Youmi Technology Co., Ltd. (“Horgos Youmi”) on March 17, 2022. On February 18, 2022, Shenzhen Haiyun established Shenzhen Yushian Technology Co., Ltd. (“Shenzhen Yushi”) under the law of PRC. Shenzhen Yushi further established Horgos Yushian Technology Co., Ltd. (“Horgos Yushi”) on March 24, 2022. On June 24, 2021 Shanghai Mengyun established Quanyou Vision Technology Co., Ltd (“Shanghai Quanyou”), which primarily engages in software development and was later dissolved on September 1, 2021. On July 31, 2022, Shenzhen Haiyun acquired Beijing Weixiaohai Technology Co., Ltd. (“Beijing Weixiaohai”), which engaged in advertising service. On October 1, 2022, Shenzhen Haiyun transferred Beijing Weixiaohai to a third party for RMB 1. On May 31, 2023, Shenzhen Haiyun transferred Shenzhen Youmi and Horgos Youmi to a third party for RMB 10. On September 30, 2023, Shanghai Mengyun transferred Qianhai Youshi, Yijia Network, Horgos Youshi, Kashgar Youshi to a third party for RMB 7,000,000. On September 30, 2023, Shenzhen Mengyun transferred Shenzhen Tianyuemeng and Horgos Tianyuemeng to a third party for RMB 3,000,000. The Company’s main recognized revenue producing assets includes patented holographic software and technology, and customer relationship. The unrecognized revenue producing assets include digital product copyright and licensing. The accompanying consolidated financial statements reflect the activities of MicroCloud and each of the following entities as of December 31, 2023:
Schedule of accompanying consolidated financial statements |  |  |  |  |
Name |  | Background |  | Ownership
MC Hologram Inc (“MC”) |  | - | A Cayman Islands company |  | 100% owned by MicroCloud
|  | - | Formed on November 10, 2020 |  |
|  | - | Registered capital of USD 50,000 |  |
|  | - | Primarily engages in holographic integrated solutions. |  |
Quantum Edge HK Limited (“Mengyun HK”) |  | - | A Hong Kong company |  | 100% owned by MC
| - | Formed on November 25, 2020 |
| - | Registered capital of HK 10,000 (USD 1,290) |
| - | A holding company |
Beijing Xihuiyun Technology Co., Ltd (“Beijing Xihuiyun”) |  | - | PRC limited liability company |  | 100% owned by Mengyun HK
| - | Formed on May 11, 2021 |
| - | Registered capital of RMB 207,048,000 (USD 30,000,000) |
| - | A holding company |
Shanghai Mengyun Holographic Technology Co., Ltd. (“Shanghai Mengyun”) |  | - | A PRC limited liability company |  | 81.63% owned by Beijing Xihuiyun and 18.37% owned by Mengyun HK
| - | Formed on March 24, 2016 |
| - | Registered capital of RMB 27,000,000 (USD 4,316,665) |
| - | Primarily engages in holographic integrated solutions. |
Name |  | Background |  | Ownership
Shenzhen Mengyun Holographic Technology Co., Ltd. (“Shenzhen Mengyun”) |  | - | A PRC limited liability company |  | 100% owned by Shanghai Mengyun
| - | Formed on March 15, 2016 |
| - | Registered capital of RMB 10,000,000 (USD 1,538,461) |
| - | Primarily engages in holographic integrated solutions. |
Shenzhen Qianhai Youshi Technology Co., Ltd. (“Qianhai Youshi”) |  | - | A PRC limited liability company |  | 100% owned by Shanghai Mengyun
| - | Formed on August 14, 2014 |
| - | Registered capital of RMB 10,000,000 (USD 1,538,461) |
| - | Primarily engages in holographic content sales and SDK software services. |
|  | - | Sold on September 30, 2023 |
Shenzhen Yijia Network Technology Co., Ltd. (“Yijia Network”) |  | - | A PRC limited liability company |  | 100% owned by Qianhai Youshi
| - | Formed on September 25, 2008 |
| - | Registered capital of RMB 10,000,000 (USD 1,538,461) |
| - | Primarily engages in holographic content sales and SDK software services. |
|  | - | Sold on September 30, 2023 |
Horgos Youshi Network Technology Co., Ltd. (“Horgos Youshi”) |  | - | A PRC limited liability company |  | 100% owned by Qianhai Youshi
| - | Formed on November 2, 2020 |
| - | Registered capital of RMB 10,000,000 (USD 1,538,461) |
| - | Primarily engages in holographic content sales and SDK software services. |
|  | - | Sold on September 30, 2023 |  |
Horgos Weiyi Software Technology Co., Ltd. (“Horgos Weiyi”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Mengyun
| - | Formed on September 6, 2016 |
| - | Registered capital of RMB 10,000,000 (USD 1,538,461) |
| - | Primarily engages in holographic integrated solutions. |
Shenzhen BroadVision Technology Co., Ltd. (“Shenzhen Bowei”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Mengyun
| - | Formed on April 12, 2016 |
| - | Registered capital of RMB 10,000,000 (USD 1,538,461) |
| - | Primarily engages in holographic PCBA solutions. |
Mcloudvr Software Network Technology HK Co., Limited (“Mcloudvr HK”) |  | - | A Hong Kong company |  | 100% owned by Shenzhen Mengyun
| - | Formed on February 2, 2016 |
| - | Registered capital of HKD 100,000 (USD 12,882) |
| - | Primarily engages in holographic integrated solutions. |
Name |  | Background |  | Ownership
Shenzhen Tianyuemeng Technology Co., Ltd. (“Shenzhen Tianyuemeng”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Mengyun
| - | Formed on January 6, 2014 |
| - | Registered capital of RMB 20,000,000 (USD 3,076,922) |
| - | Primarily engages in holographic advertising services. |
|  | - | Sold on September 30, 2023 |
Shenzhen Yunao Hongxiang Technology Co., Ltd. (“Shenzhen Yunao”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Mengyun
| - | Formed on December 3, 2021 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
| - | Advertising service |
|  | - | Dissolved on August 11, 2023 |
Broadvision Intelligence (Hong Kong), Ltd. (“Broadvision HK”) |  | - | A Hong Kong company |  | 100% owned by Shenzhen Bowei
| - | Formed on November 5, 2020 |
| - | Registered capital of HKD 10,000 (USD 1,288) |
| - | No operation |
Horgos BroadVision Technology Co., Ltd. (“Horgos Bowei”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Bowei
| - | Formed on November 4, 2020 |
| - | Registered capital of RMB 1,000,000 (USD 153,846) |
| - | Primarily engages in holographic PCBA solutions. |
Horgos Tianyuemeng Technology Co., Ltd. (“Horgos Tianyuemeng”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Tianyuemeng
| - | Formed on October 23, 2020 |
| - | Registered capital of RMB 1,000,000 (USD 153,846) |
| - | Primarily engages in SDK software services. |
|  | - | Sold on September 30, 2023 |
Horgos Tianyuemeng Technology Co., Ltd.-Shenzhen Branch (“Horgos Tianyuemeng-SZ”) |  | - | A PRC limited liability company |  | 100% owned by Horgos Tianyuemeng
| - | Formed on March 19, 2021 |
| - | Registered capital of RMB 1,000,000 (USD 153,846) |
| - | No operation |
| - | Dissolved on December 10, 2021 |
Ocean Cloud Technology Co., Limited. (“Ocean HK”) |  | - | A Hong Kong company |  | 56% owned by Mcloudvr HK
| - | Formed on November 4, 2021 |
| - | Registered capital of HKD 10,000 (USD 1,288) |
| - | No operation |
Shenzhen Haiyun Xinsheng Technology Co., Ltd. (“Shenzhen Haiyun”) |  | - | A PRC limited liability company |  | 100% owned by Ocean HK
| - | Formed on December 3, 2021 |
| - | Registered capital of RMB 50,000,000 (USD 7,846,707) |
| - | No operation |
Name |  | Background |  | Ownership
Shenzhen Tata Mutual Entertainment Information Technology Co., Ltd. (“Shenzhen Tata”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Haiyun
| - | Formed on January 16, 2020 |
| - | Disposed on June 30, 2022 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
Shenzhen Youmi Technology Co., Ltd. (“Shenzhen Youmi”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Haiyun
| - | Formed on March 17, 2022 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
| - | Game promotion and advertising service |
|  | - | Disposed on May 31, 2023 |
Shenzhen Yushian Technology Co., Ltd. (“Shenzhen Yushi”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Haiyun
| - | Formed on February 18, 2022 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
| - | Advertising service |
Horgos Tata Mutual Entertainment Information Technology Co., Ltd. (“Horgos Tata”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Tata
| - | Formed on March 22, 2022 |
| - | Sold on June 30, 2022 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
| - | Game promotion service |
Horgos Youmi Technology Co., Ltd. (“Horgos Youmi”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Youmi
| - | Formed on January 29, 2022 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
| - | Advertising service |
|  | - | Disposed on May 31, 2023 |
Horgos Yushian Technology Co., Ltd. (“Horgos Yushi”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Yushi
| - | Formed on March 24, 2022 |
| - | Registered capital of RMB 5,000,000 (USD 784,671) |
| - | Advertising service |
|  | - | Dissolved on December 18, 2023 |
Kashgar Youshi Information Technology Co., Ltd. (“Kashgar Youshi”) |  | - | A PRC limited liability company |  | 100% owned by Qianhai Youshi
| - | Formed on May 5, 2016 |
| - | Registered capital of RMB 5,000,000 (USD 769,230) |
| - | Primarily engages in holographic content sales and SDK software services. |
|  | - | Disposed on September 30, 2023 |
Beijing Weixiaohai Technology Co., Ltd. (“Beijing Weixiaohai”) |  | - | A PRC limited liability company |  | 100% owned by Shenzhen Haiyun
| - | Formed on April 17, 2019 |
| - | Registered capital of RMB 8,000,000 (USD 1,124,622) |
| - | Primarily engages in Advertising service. |
|  | - | Disposed on October 1, 2022 |

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- Definition The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//235/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205/tableOfContent + Details
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