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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Taxes [Abstract]  
Schedule of Effective Income Tax Rate and PRC Statutory Income Tax The reconciliation of tax computed by applying the statutory income tax rate of 25% for the years ended December 31, 2023, 2022 and 2021 applicable to the PRC operations to income tax expenses is as follows:
   For the year
ended
December 31,		   For the year
ended
December 31,		   For the year
ended
December 31,		 
   2023   2022   2021 
Statutory income tax rate   25.00%   25.00%   25.00%
Effect of expenses not deductible for tax purposes   (0.20)%   0.00%   0.40%
Effect of additional deduction of research and development expense   4.80%   0.70%   (35.10)%
Effect of income tax exemptions and reliefs   (8.00)%   2.90%   60.90%
Recovery from deferred income tax assets   5.20%   5.50%   
-
 
Effect of valuation allowance on deferred income tax assets   (27.10)%   (28.00)%   2.20%
Income tax difference under different tax jurisdictions   4.30%   (6.10)%   (45.70)%
Prior year true-ups   
-
    
-
    (23.60)%
Others   (1.40)%   
-
    
-
 
Total   2.60%   (0.00)%   (15.90)%
Schedule of Provision for Income Taxes Significant components of the provision for income taxes are as follows:
    For the year
ended
December 31,		     For the year
ended
December 31,		     For the year
ended
December 31,		  
    2023     2022     2021  
Current income tax expense   $
-
     $ 7,666     $ 2,466,745  
Deferred tax benefit     (1,031,461 )     (80,599 )     (2,845,588 )
Income taxes benefit   $ (1,031,461 )   $ (72,933 )   $ (378,843 )

 
Schedule of Deferred Tax Assets and Liabilities For the purpose of presentation in the consolidated balance sheets, deferred income tax assets and liabilities have been offset. Significant components of deferred tax assets and liabilities are as follows:
  

As of

December 31,

  

As of

December 31,

 
   2023   2022 
Provision for doubtful accounts  $2,007,749   $1,986,464 
Net operating loss carryforward   30,276,268    23,052,402 
Impairment of VAT recoverable, inventory write-down and others   5,835,385    3,672,475 
    38,119,402    28,711,341 
Less: valuation allowance   (38,119,402)   (28,711,341)
           
Deferred tax assets  $
-
   $
-
 
           
Intangible assets  $
-
   $1,004,365 
Property, plant and equipment   74,225    129,174 
Deferred tax liabilities  $74,225   $1,133,539 
           
Total deferred tax liabilities  $74,225   $1,133,539 
Schedule of Cumulative Net Operating Loss of Major Tax Juridistions and the Year of Expiration The amounts of cumulative net operating loss in 2023 of major tax jurisdictions and the year of expiration are as follows:
Tax Jurisdiction  Amount in USD (in thousands)   Earliest year of expiration if not utilized
PRC   127,740   2025
Hong Kong   19,087   No expiration
Australia   10,279   No expiration
Singapore   2,452   No expiration
United States   3,776   No expiration