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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of financial assets and liabilities measured at fair value
Concentration of risk  Three months ended June 30,  
   2024  2023  
   Amount   % of Total
Revenue
  Amount   % of Total
Revenue
 
Customer A  $12,750     65%   $(*)      (*) 
Customer B   6,000     30%    (*)      (*) 
Customer C   (*)     (*)    105,000      49%  
Customer D   (*)     (*)    38,253      18%  

_________________

  (*) Revenue had not exceeded 10% or more of the Company’s consolidated revenue of the Company.

 

 

    Six months ended June 30,  
    2024     2023  
    Amount     % of Total
Revenue
    Amount     % of Total
Revenue
 
Customer F   $ 69,325       29%     $ (*)       (*)  
Customer G     51,761       22%       (*)       (*)  
Customer H     34,492       14%       (*)       (*)  
Customer C     (*)       (*)       105,000       23%  
Customer D     (*)       (*)       63,711       7%  

_________________

  (*) Revenue had not exceeded 10% or more of the Company’s consolidated revenue of the Company.

 

  

    June 30, 2024     December 31, 2023  
    Amount     % of Total
Accounts
Receivable
    Amount     % of Total
Accounts
Receivable
 
Customer G   $ 12,941       65%     $ (*)       (*)  
Customer I     3,584       19%       (*)       (*)  
Customer B     3,250       16%       (*)       (*)  
Customer C     (*)       (*)       70,000       43%  

_________________

  (*) Accounts receivable had not exceeded 10% or more of the Company’s consolidated accounts receivable of the Company.

 

Major vendors

 

No major vendor accounted more than 10% of total purchase during six months ended June 30, 2024 and 2023.

 

Schedule of financial assets and liabilities measured at fair value
                
   June 30, 2024 (unaudited) 
   Fair Value   Carrying 
   Level 1   Level 2   Level 3   Value 
Assets                
Marketable securities:                    
Stock  $27,580   $   $   $27,580 
Total assets measured at fair value  $27,580   $   $   $27,580 

 

                 
   December 31, 2023 
   Fair Value   Carrying 
   Level 1   Level 2   Level 3   Value 
Assets                
Marketable securities:                    
Stock  $36,735   $   $   $36,735 
Total assets measured at fair value  $36,735   $   $   $36,735 
Schedule of revenue by product type
        
   June 30, 2024   June 30, 2023 
IoT Products  $11,234   $64,867 
IoT Project Construction and Installation Services   8,519    150,524 
Total  $19,753   $215,391 

 

A summary of our revenue by product type for the six months ended June 30, 2024 and 2023 is as follows:

         
   June 30, 2024   June 30, 2023 
IoT Products  $190,739   $78,148 
IoT Project Construction and Installation Services   48,172    373,338 
Total  $238,911   $451,486 

 

Schedule of anti-dilutive shares
        
Six Months Ended June 30,  2024   2023 
Stock options   570,124    457,934 
Total   570,124    457,934 
Schedule of exchange rates
        
  

Average Rate for the Six Months Ended

June 30,

 
  

2024

  

2023

 
   (Unaudited)   (Unaudited) 
China Yuan (RMB)  RMB7.1970   RMB6.9243 
United States Dollar ($)  $1.0000   $1.0000 

 

   Exchange Rate at 
   June 30, 2024   December 31, 2023 
   (Unaudited)     
China Yuan (RMB)  RMB7.2651   RMB7.0698 
United States Dollar ($)  $1.0000   $1.0000