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Warrant Liabilities (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Warrant Liabilities [Abstract] |  |
Schedule of Warrant Liabilities | Movement of the balances for Class A and Class C Warrants during during the six months ended June 30, 2023 are as follows:
|  | Class A |  |  | Class C |  |  |  |
|  | Warrants |  |  | Warrants |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
|  | US$ |  |  | US$ |  |  | US$ |
At January 1, 2023 |  |  | 807,139 |  |  |  | 11,642,006 |  |  |  | 12,449,145 |
Changes in fair value |  |  | 11,015,636 |  |  |  | 37,834,481 |  |  |  | 48,850,117 |
At June 30, 2023 |  |  | 11,822,775 |  |  |  | 49,476,487 |  |  |  | 61,299,262 |
|  | Public |  |  | Sponsor |  |  |  |
|  | warrants |  |  | warrants |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
|  | US$ |  |  | US$ |  |  | US$ |
At January 1, 2024 |  |  | 1,388,313 |  |  |  | 451,495 |  |  |  | 1,839,808 |
Changes in fair value |  |  | 178,497 |  |  |  | 58,050 |  |  |  | 236,547 |
At June 30, 2024 |  |  | 1,566,810 |  |  |  | 509,545 |  |  |  | 2,076,355 |
| Movements of the balance of warrant liabilities during the years ended December 31, 2023 and 2022 are as follow:
|  | Class A |  |  | Class C |  |  | Public |  |  | Sponsor |  |  |  |
|  | Warrants |  |  | Warrants |  |  | Warrants |  |  | Warrants |  |  | Total |
|  | US$ |  |  | US$ |  |  | US$ |  |  | US$ |  |  | US$ |
At January 1, 2022 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Issued during the year |  |  | 845,593 |  |  |  | 11,642,006 |  |  |  | - |  |  |  | - |  |  |  | 12,487,599 |
Change in fair value |  |  | (38,454 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (38,454 | )
At December 31, 2022 and January 1, 2023 |  |  | 807,139 |  |  |  | 11,642,006 |  |  |  | - |  |  |  | - |  |  |  | 12,449,145 |
Issuance of warrants upon the Capital Reorganization |  |  | - |  |  |  | - |  |  |  | 3,768,277 |  |  |  | 1,225,488 |  |  |  | 4,993,765 |
Change in fair value |  |  | 11,242,507 |  |  |  | 39,707,978 |  |  |  | (2,379,964 | ) |  |  | (773,993 | ) |  |  | 47,796,528 |
Exercised during the year |  |  | - |  |  |  | (51,349,984 | ) |  |  | - |  |  |  | - |  |  |  | (51,349,984 | )
Reclassified to equity upon Capital Reorganization |  |  | (12,049,646 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (12,049,646 | )
At December 31, 2023 |  |  | - |  |  |  | - |  |  |  | 1,388,313 |  |  |  | 451,495 |  |  |  | 1,839,808 |
Schedule of Inputs to the Models used to Determine the Fair Value of Class A Warrants |  | The following table lists the inputs to the models used to determine the fair value of Class A Warrants for the year ended December 31, 2022 and upon Capital Reorganization:
|  |  | 2022 |
Risk-free rate (%) |  |  | 4.06 - 4.33 |
Volatility (%) |  |  | 61 - 62 |
Dividend yield (%) |  |  | - |
Upon Capital Reorganization
Risk-free rate (%) |  |  | 4.76 |
Volatility (%) |  |  | 63 |
Dividend yield (%) |  |  | - |

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