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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Total revenue $ 10,376,170 $ 7,295,439
Cost of revenues:    
Total cost of revenue (6,052,831) (2,236,718)
Gross Profit 4,323,339 5,058,721
Operating Expenses    
Selling and marketing expenses (3,945,328) (1,316,733)
General and administrative expenses (4,639,182) (3,046,045)
Research and development expenses (298,987) (153,290)
Impairment of property and equipment (1,464,413)
Total Operating Expenses (10,347,910) (4,516,068)
(Loss) Income from Operations (6,024,571) 542,653
Interest income, net 57,430 82,913
Other income (expenses), net 784,979 (247,327)
(Loss) Income Before Income Taxes (5,182,162) 378,239
Income tax benefits (expenses) 402,304 (284,695)
Net (Loss) Income (4,779,858) 93,544
Less: net loss attributable to noncontrolling interests 58,268
Net (Loss) Income Attributable to Zhongchao Inc.’s shareholders (4,721,590) 93,544
Other Comprehensive Loss    
Foreign currency translation adjustment (1,129,443) (1,328,591)
Comprehensive Loss (5,909,301) (1,235,047)
Less: comprehensive loss attributable to noncontrolling interests 206,616
Net Loss Attributable to Zhongchao Inc.’s shareholders $ (5,702,685) $ (1,235,047)
Weighted average number of ordinary share outstanding    
Basic (in Shares) 26,029,138 25,976,000
(Loss) Earnings per share    
Basic (in Dollars per share) $ (0.18) $ 0
Services    
Revenues:    
Total revenue $ 4,856,333 $ 7,295,439
Cost of revenues:    
Total cost of revenue (2,710,770) (2,236,718)
Products    
Revenues:    
Total revenue 5,519,837
Cost of revenues:    
Total cost of revenue $ (3,342,061)