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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination [Abstract] |
Schedule of Purchase Price | The following table presents the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date, which represents the net purchase price allocation on the date of the acquisition of Alpha Mind based on valuation performed by an independent valuation firm engaged by the Company:
|  | USD |
Assets |  |  |
Cash and cash equivalents |  | $ | 916,840 |
Accounts receivable, net |  |  | 1,963,755 |
Prepayments |  |  | 996,701 |
Other receivables, net |  |  | 78,183 |
Short-term investment |  |  | 271,381 |
Other current assets |  |  | 62,254 |
Restricted Cash- non-current |  |  | 706,005 |
Property and equipment, net |  |  | 57,742 |
Right-of-use asset |  |  | 46,123 |
Deferred tax assets |  |  | 72,228 |
Intangible assets, net |  |  | 5,224,439 |
Goodwill |  |  | 108,218,586 |
|  |  | 118,614,237 |
Liabilities |  |  |  |
Accounts payables |  | $ | 1,402,583 |
Salary payable |  |  | 54,709 |
Other payables |  |  | 812,170 |
Taxes payable |  |  | 43,833 |
Advance from customer |  |  | 93 |
Deferred tax liability |  |  | 1,306,110 |
Lease liabilities |  |  | 46,123 |
|  |  | 3,665,621 |
Total allocated purchase price |  | $ | 114,948,616 |
Schedule of Purchase Price | The following table presents the purchase price of Alpha Mind for the Company and non-controlling shareholders at the acquisition date. The discount for lack of control (DLOC) is used when valuing the non-controlling interests in the acquisition.
|  | USD |
Purchase price for the Company |  | $ | 99,650,000 |
Fair value of non-controlling interest |  |  | 15,298,616 |
Total allocated purchase price |  | $ | 114,948,616 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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