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ORDINARY SHARES | 6 Months Ended | 12 Months Ended
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Jun. 30, 2024 | Dec. 31, 2023
Ordinary Shares |  |
ORDINARY SHARES | 13. ORDINARY SHARES As of December 31, 2022, MKD Taiwan had issued an aggregate of 27,278,652 ordinary shares, with par value of NT$10 each share. In connection with the recapitalization, the Company has issued 17,011,476 ordinary shares to MKD Taiwan’s former shareholders in exchange for their MKD Taiwan shares on one-to-one basis at a price of US$0.33 per share and a total consideration of US$5.6 million, which equals to the amount of capital injection to MKD BVI from these former shareholders. In execution of the business combination agreement with Cetus Capital, the Company acquired 42% equity interests of MKD Jiaxing from Ming-Chao Huang at US$1,627,729 in July 2023. Subsequently, Ming-Chao Huang injected the same amount of US$1,627,729 to MKD BVI in August 2023 and acquired 4,932,512 ordinary shares of the Company. In August 2023, the Company issued totaled 2,500,001 ordinary shares to certain new investors at a price ranging from US$0.33 to US$0.35 per share, for a total consideration of US$882,000. As of June 30, 2024, the authorized number of ordinary shares was 50,000,000 shares without par value, and the Company’s total issued and outstanding ordinary shares were 24,443,989. | 14. ORDINARY SHARES As of December 31, 2022, MKD Taiwan had issued an aggregate of 27,278,652 ordinary shares, with par value of NT$10 each share. In connection with the recapitalization, the Company has issued 17,011,476 ordinary shares to MKD Taiwan’s former shareholders in exchange for their MKD Taiwan shares on one-to-one basis at a price of US$0.33 per share and a total consideration of US$5.6 million, which equals to the amount of capital injection to MKD BVI from these former shareholders. In execution of the business combination agreement with Cetus Capital, the Company acquired 42% equity interests of MKD Jiaxing from Ming-Chao Huang at US$1,627,729 in July 2023. Subsequently, Ming-Chao Huang injected the same amount of US$1,627,729 to MKD BVI in August 2023 and acquired 4,932,512 ordinary shares of the Company. In August 2023, the Company issued totaled 2,500,001 ordinary shares to certain new investors at a price ranging from US$0.33 to US$0.35 per share, for a total consideration of US$882,000. As of December 31, 2023, the authorized number of ordinary shares was 50,000,000 shares without par value, and the Company’s total issued and outstanding ordinary shares were 24,443,989.

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