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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 137,344 $ 60,155
Restricted cash 632,529 656,625
Accounts receivable, net 1,529 1,530
Short-term investments 70,809 79,312
Prepaid expenses and other current assets 91,291 101,051
Total Current Assets 2,148,327 1,656,709
Property and equipment, net 7,931,478 7,969,278
Operating lease right-of-use assets 507,659 809,283
Long-term investments 2,333,904 2,527,740
Prepaid expenses - non-current 75,898 78,789
Security deposits 60,916 62,442
Prepayment for long-term investments 1,280,512 1,274,842
Total Assets 14,462,845 14,492,599
Current Liabilities    
Short-term bank loans 866,250 899,250
Accrued expenses and other current liabilities 3,632,927 3,696,380
Contract liabilities 79,500 79,500
Taxes payables 112,946
Operating lease liabilities - current portion 365,458 401,826
Due to related parties 419,270 173,132
Total Current Liabilities 6,315,642 5,932,490
Tenant security deposit 25,680 21,680
Operating lease liability - non-current portion 142,201 407,457
Total Liabilities 6,483,523 6,361,627
COMMITMENTS AND CONTINGENCIES  
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 12,711,345 and 7,940,298 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively(1) [1] 12,712 7,940
Additional paid-in capital 87,308,080 82,636,966
Stock subscription receivable (451,480)
Stock to be issued 31,040
Accumulated deficit (70,552,277) (65,420,095)
Accumulated other comprehensive income 461,282 516,387
Treasury stock (8,902,371) (8,901,668)
Total Stockholders’ equity 8,358,466 8,388,050
Noncontrolling interest (379,144) (257,078)
Total Equity 7,979,322 8,130,972
Total Liabilities and Equity 14,462,845 14,492,599
Related Party    
Current Assets    
Accounts receivable - related parties, net 10,463 10,463
Due from related parties - current 1,204,362 747,573
Due from related parties - non-current, net 124,151 113,516
Current Liabilities    
Convertible notes payable - third parties, net $ 952,237 $ 569,456
[1] Prior period results have been adjusted to reflect the 1-for-10 reverse stock split effected on July 25, 2023.