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Shareholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2024

Shareholders’ Equity [Abstract]

Schedule of Converted Shares and Stockholder’ Equity

Subsequent to loan to equity conversion, the amount of $1,974,140 was converted to 411,280 shares and recorded in stockholder’ equity as follows:

Nature of loan:		Amount:				Conversion price:				Number of share  converted:				Financial impact of conversion:
Advance from shareholders to pay outstanding legal fee, salaries, Edgar filing fee, audit fee, which accumulated from January 2023 to March 2024.		$	594,140			$	4.80				123,780 shares			Reclassification from amount due to related parties to equity
Accounting and compliance fee, which accumulated from January 2023 to March 2024.		$	420,000			$	4.80				87,500 shares			Reclassification from other payables to equity
Legal advisory fee in relation to BTC transaction which accumulated from January 2023 to March 2024.		$	480,000			$	4.80				100,000 shares			Reclassification from other payables to equity
BTC Consultant fee, which accumulated from January 2023 to March 2024.		$	480,000			$	4.80				100,000 shares			Reclassification from other payables to equity
Total		$	1,974,140								411,280 shares

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- References

No definition available.

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

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