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Liquidity, Going Concern, and Restatement (Tables)

12 Months Ended

Dec. 31, 2024

Liquidity, Going Concern, and Restatement [Abstract]

Schedule of Impact of the Restatement

The impact of the restatement on the balance sheets, statements of operations, and statements of cash flows as of and for the year ended December 31, 2023 is presented below.

		December 31, 2023
Consolidated Balance Sheets		As Reported				Adjustments				As Restated
Property and equipment, net		$	7,969,278			$	(7,400,000	)		$	569,278
Prepayment for asset acquisition			-				691,900				691,900
Total Assets			14,492,599				(6,708,100	)			7,784,499

Accrued expenses and other current liabilities			3,696,380				(148,028	)			3,548,352
Convertible notes payable – third parties, net			569,456				317,066				886,522
Due to related parties			173,132				361				173,493
Current Liabilities			5,932,490				169,399				6,101,889
Total Liabilities			6,361,627				169,399				6,531,026

Additional paid-in capital			82,636,966				(8,658,586	)			73,978,380
Total stockholders’ equity			8,388,050				(6,833,940	)			1,554,110
Noncontrolling interest			(257,078	)			(43,559	)			(300,637	)
Total Equity			8,130,972				(6,877,499	)			1,253,473
Total Liabilities and Equity		$	14,492,599			$	(6,708,100	)		$	7,784,499

		Year Ended December 31, 2023
Consolidated Statements of Operations		As Reported				Adjustments				As Restated
Stock based compensation		$	1,635,708			$	(1,449,775	)		$	185,933
Interest expenses			(2,493,340	)			1,179,669				(1,313,671	)
Net loss attributable to noncontrolling interests			(394,632	)			(98,162	)			(492,794	)
Net loss			(10,910,288	)			2,629,444				(8,280,844	)
Basic and diluted net loss per common share		$	(2.43	)		$	0.63			$	(1.80	)

		Year Ended December 31, 2023
Consolidated Statements of Cash Flows		As Reported				Adjustments				As Restated
Net income (loss)		$	(10,910,288	)		$	2,629,444			$	(8,280,844	)
Stock-based compensation			1,635,708				(1,449,775	)			185,933
Other non-cash income and expenses			2,413,746				(1,169,501	)			1,244,245
Accrued expenses and other current liabilities			786,793				(148,031	)			638,762
Due to related parties			(186,860	)			186,860				-
Net cash used in operating activities			(4,235,845	)			(48,997	)			(4,186,848	)
Due to related parties*			-				(186,499	)			(186,499	)
Proceeds from subsidiary’s executive contribution			-				137,500				137,500
Net cash provided by financing activities			3,918,960				(48,999	)			3,869,961
Effect of exchange rate changes on cash and cash equivalents and restricted cash			2,125-				(2	)			2,123
Purchase of Property and equipment by issuing common stock to a third party			7,400,000				(7,400,000	)			-
Prepayment for asset acquisition by issuing common stock to a third party			-				691,600				691,900
Issuance of common stock for conversion of debt		$	3,306,112			$	(1,519,426	)		$	1,786,686

*

Due to related parties previously reported amount was reclassified to financing activities based on current year’s presentation.