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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Basis of Presentation and Summary of Significant Accounting Policies

Schedule of restricted cash

		March 31, 2024				December 31, 2023
		(Unaudited)
Deposit held by a US financial institution as collateral for ACH transactions and business credit cards – US Segment		$	356,510			$	354,504
Less: current portion			-				-
Noncurrent portion		$	356,510			$	354,504

Schedule of estimated useful life of property and equipment

Automobiles	4-5 years
Furniture and equipment	3-10 years
Leasehold improvements	Shorter of the asset’s useful life or lease term
Solar systems leased to customers	Lease term, 10-20 years

Schedule of fair value measurements of cash, loans and borrowings

		Fair Value												Carrying
		Level 1				Level 2				Level 3				Value
Assets
Cash equivalents		$	359,996			$	-			$	-			$	359,996
Customer loans receivable			-				-				6,237,101				5,840,006
Short- term investments			7,000,000												7,000,000
Liabilities
Bank and other loans			-				2,000,000				-				2,000,000
Secured loans from related parties			-				-				14,053,042				15,000,000
Secured convertible debt			-				-				12,425,272				14,943,217

		Fair Value												Carrying
		Level 1				Level 2				Level 3				Value
Assets
Cash equivalents		$	358,290			$	-			$	-			$	358,290
Customer loans receivable			-				-				6,847,185				6,535,516
Liabilities
Bank and other loans			-				2,000,000				-				2,000,000
Secured loans from related parties			-				-				16,200,860				17,000,000
Secured convertible debt			-				-				13,324,921				15,949,768

Schedule of company's revenue by business line

		Three Months Ended March 31,
		2024				2023
		(Unaudited)
Solar energy and battery storage systems
Sales on non-installment basis		$	4,332,490			$	12,027,898
Third party leasing arrangements			289,178				-
Operating lease revenues			18,820				22,417
Power purchase agreement revenues			3,958				-
Total solar energy and battery storage systems			4,644,446				12,050,315
LED projects			1,018,010				666,744
Financing related			101,618				151,419
Total revenues		$	5,764,074			$	12,868,478

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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