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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2023
Property and Equipment, Net [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE 8 – PROPERTY AND EQUIPMENT, NET As of December 31, 2023 and 2022, property and equipment consisted of the following:
|  | Useful life |  | December 31, 2023 |  |  | December 31, 2022 |
Office equipment and furniture |  | 3 - 5 Years |  | $ | 143,545 |  |  | $ | 155,062 |
Leasehold improvement |  | The lesser of remaining lease term or 2 - 3 Years |  |  | 83,139 |  |  |  | 84,549 |
Software |  | 1 - 3 Years |  |  | 11,719 |  |  |  | 11,917 |
Finance lease right-of-use asset |  | 4 Years |  |  | 152,540 |  |  |  | 152,859 |
|  |  |  |  | 390,943 |  |  |  | 404,387 |
Less: accumulated depreciation |  |  |  |  | (261,871 | ) |  |  | (219,964 | )
|  |  |  | $ | 129,072 |  |  | $ | 184,423 |
For the years ended December 31, 2023, 2022 and 2021, depreciation expense amounted to $45,782, $66,428 and $40,130, respectively, all of which were included in operating expenses. The Company entered into a finance vehicle lease in 2021 and the finance lease right-of-use asset with a net carrying amount of $65,077 and $103,998 as of December 31, 2023 and 2022, respectively, were included in property and equipment net. Finance lease liabilities were nil as of December 31, 2023 and 2022. The Company made cash payments of $163,301 for finance lease liabilities during the year ended December 31, 2021, which is included within the financing activities section on the consolidated statements of cash flows.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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