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Short - Term Investment | 6 Months Ended
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Jun. 30, 2024
Short - Term Investment [Abstract] |
SHORT - TERM INVESTMENT | 7. SHORT - TERM INVESTMENT As of June 30, 2024, the balance of short - term investment was nil. On March 5, 2024, the Company sold the short – team investments amount of $0.95 million, with an investment loss $0.01 million. As of December 31, 2023, the balance of short - term investment was $0.96 million. On September 6, 2021, Future Private Equity Fund Management (Hainan) Co., Ltd. invested $1.87 million (RMB13,000,000) to entrust Shanghai Yuli Enterprise Management Consulting Firm to invest in various types of investment portfolios. According to the market value, the Company’s balance of the short - term investments was $ 0.98 on December 31, 2023. Due to fluctuations of the quoted shares included in its investment portfolios, the Company recognized an impairment to the investment portfolio of $12,633 for the years ended December 31, 2023.

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- Definition The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent + Details
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