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Statutory Reserves and Restricted Net Assets | 12 Months Ended
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Dec. 31, 2023
Statutory Reserves and Restricted Net Assets [Abstract] |
Statutory reserves and restricted net assets | Note 15 – Statutory reserves and restricted net assets As a result of the PRC laws and regulations and the requirement that distributions by PRC entities can only be paid out of distributable profits computed in accordance with PRC GAAP, the PRC entities are restricted from transferring a portion of their net assets to the Company. Amounts restricted include paid-in capital, additional paid-in capital, and the statutory reserves of the Company’s PRC subsidiaries.
|  | As of December 31 |  |  | As of December 31, |
|  | 2023 |  |  | 2022 |
PRC entities |  |  |  |  |  |
Paid-in capital |  | $ | 86,131,578 |  |  | $ | 83,872,972 |
Additional paid-in capital |  |  | 144,532,239 |  |  |  | 93,759,405 |
Statutory reserves |  |  | 10,848,816 |  |  |  | 10,848,816 |
Total restricted net assets |  | $ | 241,512,633 |  |  | $ | 188,481,193 |
As of December 31, 2023 and 2022, total restricted net assets were US$241,512,633 and US$188,481,193, respectively.

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