XML 62 R32.htm IDEA: XBRL DOCUMENT v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Life Depreciation is calculated on the straight-line method generally based on the following useful lives:
   Estimated Life
in Years
Buildings and leasehold improvements  5 ~ 50
Machinery and equipment  5 ~ 10
Office equipment  3 ~ 6
Schedule of Revenue and Gross Profit Information of our Reportable Segment

The following tables present revenue and gross profit information for each of our only reportable segment:

 

   For The Years Ended
December 31
 
   2024   2023 (Restated) 
Revenue  $509,589   $152,430 
Cost of Revenue   763    302,037 
Segment Gross Profit (Loss)  $508,826   $(149,607)
           
Depreciation expense  $32,025   $28,531 
Schedule of Reconciliation of Total Segment Gross Profit

The following table provides a reconciliation of total segment gross profit to the Company's loss before provision for income tax:

 

   For The Years Ended
December 31
 
   2024   2023 (Restated) 
Segment Gross Profit (Loss)  $508,826   $(149,607)
Less:          
Selling, general and administrative expenses   2,261,336    5,368,278 
Research and development expenses   179,272    1,062,916 
Stock-based compensation   2,773,460    185,933 
Add (Less):          
Interest income   87,358    185,481 
Interest expense   (825,899)   (1,313,671)
Operating sublease income   48,478    65,900 
Gain (loss) on foreign exchange changes   (25,135)   22,690 
Loss on investment in equity securities   (339,171)   (221,888)
Write off unclaimed accrued liabilities   255,592    
-
 
Other income, net   134,443    3,384 
Loss before provision for income tax  $(5,369,576)  $(8,024,838)