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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (3,981,019) $ (1,897,230)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,286 6,493
Stock-based compensation 2,544,995 366,489
Other non-cash expenses 672,016 (1,521)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 113,339
Decrease (increase) in prepaid expenses and security deposits (53,380) (203,621)
Decrease (increase) in due from related parties (140,364) (110,720)
Increase (decrease) in accrued expenses and other current liabilities 354,465 (146,316)
Increase (decrease) in due to related parties 128,840 375,454
Net cash used in operating activities (473,161) (1,497,633)
Cash flows from financing activities    
Proceeds from issuance of warrant 394,071
Proceeds from convertible notes payable – third parties 282,095 3,206,587
Repayment of short-term bank loans   (1,000,000)
Net cash provided by financing activities 676,166 2,206,587
Effect of exchange rate changes on cash and cash equivalents and restricted cash (260,783) (308,804)
Net decrease in cash and cash equivalents and restricted cash (57,778) 400,150
Cash and cash equivalents and restricted cash    
Beginning 716,780 1,391,728
Ending 659,002 1,791,878
Supplemental disclosure of cash flows    
Interest expense paid 5,701 56,663
Non-cash financing and investing activities    
Issuance of common stock for conversion of debt $ (681,000)