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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2023
Acquisition [Abstract] |
Schedule of Estimated Fair Values of Net Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:
Accounts receivable |  | $ | 1,407,902 |
Other receivables |  |  | 27,701 |
Other current assets |  |  | 7,039 |
Property, plant and equipment, net |  |  | 53,577 |
Amount due from related party |  |  | 38,323 |
Accrued expenses and other payables |  |  | (498,515 | )
Net identifiable assets acquired |  | $ | 1,036,027 |
Less: non-controlling interests |  |  | 131,165 |
Add: goodwill |  |  | 17,164,598 |
Total purchase price for acquisition net of $275,624 of cash |  | $ | 18,069,460 |
The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:
Other receivables |  | $ | 242,087 |
Property, plant and equipment, net |  |  | 584 |
Accrued expenses and other payables |  |  | (89,888 | )
Net identifiable assets acquired |  | $ | 152,783 |
Add: goodwill |  |  | 628,938 |
Total purchase price for acquisition net of $166,676 of cash |  | $ | 781,721 |
The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:
Accounts receivable |  | $ | 1,526,360 |
Other current assets |  |  | 171,038 |
Property, plant and equipment, net |  |  | 1,458 |
Intangible assets |  |  | 127,846 |
Right of use assets |  |  | 8,875 |
Lease liability-current |  |  | (8,875 | )
Accounts payable |  |  | (4,123,903 | )
Accrued expenses and other payables |  |  | (552,484 | )
Net identifiable assets acquired |  | $ | (2,849,685 | )
Add: goodwill |  |  | 172,213 |
Total purchase price for acquisition net of $4,679,434 of cash |  | $ | (2,677,472 | )

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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