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Acquisition (Tables)
12 Months Ended
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)