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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Profit/ (loss) $ 12,619,286 [1] $ (302,775)
Fair value gain from digital assets (15,595,778)
Loss from discontinued operation (1,853,570)
Changes in operating assets and liabilities:    
Accounts receivables 2,452
Account payables (2,329)
Director fee payable 82,000
Accrued expenses 49,500
Tax payables (8)
Other payables 543,000
Deferred tax liabilities [2] 2,301,348
Net cash flows used in continued operating activities (529) (2,156,345)
Net cash flows used in discontinued operating activities 1,508,093
Net cash flows used in operating activities (529) (648,252)
Cash flow from financing activities:    
Shareholders’ loan [3] (593,506) 318,000
Proceeds from stock issuances [3] 594,140
Net cash flows provided by financing activities [3] 634 318,000
Effect of exchange rate changes on cash (105) 310,576
Change in cash and cash equivalents: (19,676)
Cash and cash equivalents, beginning of period 668,387 22,926
Cash and cash equivalents, end of period 668,387 3,250
Supplemental cash flow information:    
Cash paid for interest
Cash paid for taxes
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses.
[2] There is an adjustment of $10,530 in both tax expenses and deferred tax liabilities due to under-provision of tax expenses, which also result in net profit decrease by $10,530.
[3] There is a reclassification amount of $594,140 from shareholders’ loan to proceeds from stock issuances as these related parties loans have been converted to equity.