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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies [Abstract]

Schedule of Future Payments for Employment Agreements

	Amount
Years ending December 31:
2024	$	1,446,590
2025		633,744
Total minimum payment required	$	2,080,334

Schedule of Capital Expenditure Commitments

		Payments Due by Period
				Less than						More than
Contractual Obligations	Nature	Total		1 year		1-2 years		3-5 years		5 years
Service fee commitments	(a)	$	398,521	$	246,592	$	151,929	$	-	$	-
Operating lease commitments	(b)		3,121,052		1,927,835		1,124,445		68,772		-
Purchase commitments	(c)		3,079,373		3,079,373		-		-		-
		$	6,598,946	$	5,253,800	$	1,276,374	$	68,772	$	-

(a)

The Company has engaged Stander Information Company Limited (“Stander”) to provide technical services relating to the cash management systems for the Company’s secure logistics business. The service agreement with Stander is comprised of a monthly fixed service fee and certain other fees as specified in the agreement, which will expire in August 2025.

(b)

From time to time, the Company entered into various short-term lease agreements to rent warehouses and offices. In addition, the Company has various low value items with various lease terms that the Company is committed to pay in the future.

(c)

AI Hong Kong entered into various purchase agreements with Shenzhen Intelligent Guardforce Robot Technology Co., Limited (“CIOT”) and Shenzhen Kewei Robot Technology Co., Ltd. (“Shenzhen Kewei”) to establish mutual contractual obligations for future purchases of robots. These agreements do not contain the scheduled delivery dates. These agreements with CIOT and Shenzhen Kewei will become void upon fulfillment of the settlement agreement.