XML 25 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities        
Net loss $ (3,981,019) $ (1,897,230) $ (10,910,288) $ (16,312,374)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 1,286 6,493 28,531 23,799
Stock-based compensation 2,544,995 366,489 1,635,708 7,036,778
Inventory allowance for valuation losses     25,975
Provision for doubtful accounts     1,455,101 184,589
Other non-cash expenses 672,016 (1,521) 2,413,746 32,350
Impairment of prepaid expenses     110,125
Loss on investment in equity securities     221,888
Deferred tax expense     115,668 864,802
Changes in operating assets and liabilities:        
Decrease (increase) in accounts receivable 113,339 228,557 (614,166)
Decrease (increase) in prepaid expenses and other current assets     101,926 238,092
Decrease (increase) in prepaid expenses and security deposits (53,380) (203,621)    
Decrease (increase) in due from related parties (140,364) (110,720) (321,776) (837,014)
Increase (decrease) in accrued expenses and other current liabilities 354,465 (146,316) 786,793 1,608,784
Increase (decrease) in contract liabilities     68,515
Increase (decrease) in tenant security deposit     13,700 (2,600)
Increase (decrease) in Taxes payables     112,946
Increase (decrease) in due to related parties 128,840 375,454 (186,860) 242,469
Net cash used in operating activities (473,161) (1,497,633) (4,235,845) (7,398,391)
Cash flows from investing activities        
Purchase of equipment     (21,201) (119,692)
Prepayment for equity investment     (338,985) (1,601,992)
Net cash used in investing activities     (360,186) (1,721,684)
Cash flows from financing activities        
Proceeds from issuance of warrants 394,071 2,406,338
Proceeds from short-term bank loans     350,000
Proceeds from convertible notes payable 282,095 3,206,587 1,462,622
Issuance of common stock     1,050,000 3,663,925
Repayment of short-term bank loans (1,000,000) (1,000,000)
Net cash provided by financing activities 676,166 2,206,587 3,918,960 4,013,925
Effect of exchange rate changes on cash and cash equivalents and restricted cash (260,783) (308,804) 2,123 (67,337)
Net increase (decrease) in cash and cash equivalents and restricted cash (57,778) 400,150 (674,948) (5,173,487)
Cash and cash equivalents and restricted cash        
Beginning 716,780 1,391,728 1,391,728 6,565,215
Ending 659,002 1,791,878 716,780 1,391,728
Cash paid during the year for:        
Income taxes paid     27,392 1,600
Supplemental disclosure of cash flows        
Interest expense paid 5,701 56,663 33,180 285,465
Non-cash financing and investing activities        
Purchase of Property and equipment by issuing common stock to a third party     7,400,000
Issuance of common stock for conversion of debt $ (681,000) $ 3,306,112