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Unaudited Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 7,216,058 $ 9,311,537
Short-term investments 18,139,445 8,837,445
Accounts receivable, net 1,938,191 2,118,738
Advances to suppliers, net 18,095 338,166
Inventories, net 192,683 219,505
Loans receivable 7,875,739 3,608,289
Prepaid expenses and other current assets 1,914,694 352,919
Total current assets 37,294,905 24,786,599
Non-current assets    
Non-current accounts receivable 3,862,004 4,597,214
Non-current advance to a third party 400,889 410,509
Non-current loans receivable 4,227,079
Property, equipment and software, net 946,354 403,330
Operating lease right-of-use assets 3,309
Long-term investments 1,000,000 1,000,000
Total non-current assets 6,209,247 10,641,441
Total Assets 43,504,152 35,428,040
Current liabilities    
Accounts payable 599,806 532,130
Advances from customers 1,633 4,616
Loans payable 2,545,615 493,159
Deferred revenue 65,004 166,760
Taxes payable 1,874,431 1,917,647
Accrued expenses and other current liabilities 338,183 255,131
Operating lease liabilities 3,309
Total current liabilities 5,424,672 3,372,752
Non-current Liabilities    
Advance from private placement 8,200,000
Loan payable, non- current 2,113,539
Deferred income tax liabilities, non-current 1,734,941 1,604,163
Total non-current liabilities 9,934,941 3,717,702
Total liabilities 15,359,613 7,090,454
Commitments and Contingencies
Shareholders’ Equity    
Ordinary shares value 1,439
Additional paid-in capital 16,721,551 16,721,551
Statutory reserve 836,215 836,215
Retained earnings 11,509,410 11,387,748
Accumulated other comprehensive loss (924,076) (609,367)
Total Shareholders’ Equity 28,144,539 28,337,586
Total Liabilities and Shareholders’ Equity 43,504,152 35,428,040
Class A Ordinary Shares    
Shareholders’ Equity    
Ordinary shares value 620
Class B Ordinary Shares    
Shareholders’ Equity    
Ordinary shares value $ 819