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Selling, Distribution and Administrative Expenses (Tables) | 12 Months Ended
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Dec. 31, 2023
Selling, Distribution and Administrative Expenses [Abstract] |
Schedule of Administrative Expenses |
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Staff expense |  | $ | 6,392,020 |  |  | $ | 6,753,737 |  |  | $ | 3,310,362 |
Rental expense |  |  | 536,272 |  |  |  | 452,137 |  |  |  | 2,564 |
Depreciation and amortization expense |  |  | 2,439,986 |  |  |  | 2,997,945 |  |  |  | 1,261,988 |
Utilities expense |  |  | 87,327 |  |  |  | 72,550 |  |  |  | 91,180 |
Travelling and entertainment expense |  |  | 445,714 |  |  |  | 600,362 |  |  |  | 145,247 |
Professional fees |  |  | 1,434,367 |  |  |  | 2,086,279 |  |  |  | 1,164,536 |
Repairs and maintenance |  |  | 68,696 |  |  |  | 57,782 |  |  |  | 69,805 |
Other service fees |  |  | 322,894 |  |  |  | 433,822 |  |  |  | 240,328 |
Research and development expense |  |  | 169,511 |  |  |  | 99,947 |  |  |  | - |
Other expenses* |  |  | 1,013,688 |  |  |  | 989,687 |  |  |  | 888,280 |
|  | $ | 12,910,475 |  |  | $ | 14,544,248 |  |  | $ | 7,174,290 |
| * | Other expenses mainly comprised of office expenses, stamp duties, training costs, etc.

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