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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Expected Useful Lives of Property Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:
Buildings   20 years
Computer software   10 years
Leasehold improvements   Over the shorter of the lease term or expected useful lives
Office equipment   3-5 years
Motor vehicles   5 years
Mechanical equipment   3-10 years
Schedule of Estimated Useful Lives of Intangible Assets The estimated useful lives are as follows:
Land use right   50 years
Software   18 - 65 months
Non-patent technology   1 - 3 years
Patents   2 - 10 years
License   20 years

 

Schedule of Financial Asset Carried at Fair Value on a Recurring Basis The financial asset carried at fair value on a recurring basis as of December 31, 2023 and 2022 is as follows:
   Quoted
Prices in
Active
Markets
for Identical
Assets
(Level 1)
   Significant
Other
Observable
Inputs
(Level 2)
   Significant
Unobservable
Inputs
(Level 3)
   Total
Balance
 
                 
Short-term investments                
As of December 31, 2023  $496,122   $
   -
   $
           -
   $496,122 
As of December 31, 2022  $5,611,815   $223,562   $
-
   $5,835,377