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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S- K, we are providing the following information about the relationship of “compensation actually paid” (“CAP”) to our principal executive officer (“PEO”) and other named executive officers (“Non-PEO NEOS”) and our performance.

 

Pay Versus Performance Table

 

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Customer Protection Act, and item 402(v) of Regulation S-K promulgated under the Exchange Act, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company.

 

For purposes of the tables below, the principal executive officer (“PEO”) and non-PEO named executive officers for 2024 and 2023 are the following:

 

Year   PEO   Non-PEO named executive officers
2024   Shanchun Huang, Hu Li   Ming Yi, Peng Lei
2023   Shanchun Huang   Ming Yi, Yongke Xue, Peng Lei
2022   Shanchun Huang   Ming Yi, Yongke Xue, Peng Lei, Kai Xu

 

   SCT Total for PEO #1 (Shanchun Huang) (1)   CAP to PEO #1 (2)   SCT Total for PEO #2 (Li Hu) (3)   CAP to PEO #2 (4)  

Avg Summary

Compensation Table for Non-PEO NEOs (5)

  

Avg Compensation Actually Paid to Non-PEO

NEOs (6)

  

Value of Initial
Fixed

$100 Investment

Based On Total Shareholder

Return (7)

   Net Income (Loss) (8) 
Year  ($)   ($)   ($)   ($)   ($)   ($)   ($)   ($) 
(a)  (b1)   (c1)   (b1)   (c2)   (d)   (e)   (f)   (g) 
2022   336,001    336,001    -    -    960,356    960,356    (67.93)   (16,652,688)
2023   248,001    248,001    -    -    49,924    49,924    (3.76)   (34,124,499)
2024   90,740    90,740    49,389    49,389    48,967    48,967    (83.43)   (32995434)

 

(1)The dollar amounts reported in column (b1) represent the amounts of total compensation reported for PEO #1 (Mr. Shanchun Huang) for each corresponding year in the “Total” column of the Summary Compensation Table.

 

(2)The dollar amounts reported in column (c1) represent the amount of “compensation actually paid” to PEO #1 (Mr. Shanchun Huang), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.

 

(3)The dollar amounts reported in column (b2) represent the amounts of total compensation reported for PEO #2 (Mr. Li Hu) for each corresponding year in the “Total” column of the Summary Compensation Table.

 

(4)The dollar amounts reported in column (c2) represent the amount of “compensation actually paid” to PEO #2 (Mr. Li Hu), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.

 

(5)The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year.

 

(6)The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-PEO named executive officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO named executive officers as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.
(7)Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.

 

(8)The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year.
   
Non-PEO NEO Average Total Compensation Amount [1] $ 48,967 $ 49,924 $ 960,356
Non-PEO NEO Average Compensation Actually Paid Amount [2] $ 48,967 49,924 960,356
Compensation Actually Paid vs. Total Shareholder Return

   
Compensation Actually Paid vs. Net Income

   
Compensation Actually Paid vs. Company Selected Measure

   
Total Shareholder Return Amount [3] $ (83.43) (3.76) (67.93)
Net Income (Loss) [4] $ (32,995,434) $ (34,124,499) $ (16,652,688)
PEO Name Shanchun Huang, Hu Li Shanchun Huang Shanchun Huang
Shanchun Huang [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount [5] $ 90,740 $ 248,001 $ 336,001
PEO Actually Paid Compensation Amount [6] 90,740 248,001 336,001
Li Hu [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount [7] 49,389
PEO Actually Paid Compensation Amount [8] $ 49,389
[1] The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year.
[2] The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-PEO named executive officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO named executive officers as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.
[3] Cumulative total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
[4] The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year.
[5] The dollar amounts reported in column (b1) represent the amounts of total compensation reported for PEO #1 (Mr. Shanchun Huang) for each corresponding year in the “Total” column of the Summary Compensation Table.
[6] The dollar amounts reported in column (c1) represent the amount of “compensation actually paid” to PEO #1 (Mr. Shanchun Huang), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.
[7] The dollar amounts reported in column (b2) represent the amounts of total compensation reported for PEO #2 (Mr. Li Hu) for each corresponding year in the “Total” column of the Summary Compensation Table.
[8] The dollar amounts reported in column (c2) represent the amount of “compensation actually paid” to PEO #2 (Mr. Li Hu), as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.