XML 50 R29.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives
   Estimated useful life
Office equipment and furniture  3 - 5 Years
Leasehold improvement  The lesser of remaining lease term or 2 - 3 Years
Software  1 - 3 Years
Finance lease right-of-use asset  4 Years
Schedule of Disaggregate the Revenue The following table disaggregates the Company’s revenue by revenue type:
   For the Years Ended December 31, 
   2023   2022   2021 
   US$   US$   US$ 
Consulting services  $800,000   $
-
   $
-
 
Software development and post-contract maintenance   24,098    676,049    
-
 
Placement agent services   45,837    372,677    
-
 
Market data services   
-
    20,619    107,184 
Commissions   
-
    
-
    390,569 
Fund management services   
-
    
-
    69,078 
Other revenue   
-
    4,006    1,789 
Total revenues  $869,935   $1,073,351   $568,620 
Schedule of Disaggregate the Company's Revenue Geographic Area The following table disaggregates the Company’s revenue by geographic area:
   For the Years Ended December 31, 
   2023   2022   2021 
   US$   US$   US$ 
             
China  $824,098   $696,668   $176,262 
United States   45,837    376,683    392,358 
Total revenues  $869,935   $1,073,351   $568,620 
Schedule of Earnings Per Share, Basic and Diluted
   Year Ended
December 31,
2023
   Year Ended
December 31,
2022
   Year Ended
December 31,
2021
 
Net loss from continuing operations for basic and diluted net loss per share of common stock
  $(4,391,980)  $(5,664,379)  $(7,117,307)
Net income from discontinued operations for basic and diluted net income per share of common stock
  $53,267,761   $19,003   $66,552 
Weighted average common stock outstanding – basic and diluted *
   105,243,671    3,497,109    2,450,447 
Net loss per common share from continuing operations - basic and diluted*
  $(0.04)  $(1.62)  $(2.90)
Net income per common share from discontinued operations - diluted and diluted*
  $0.51   $0.01   $0.02 

 

* After giving effect to the reverse stock split effected on July 13, 2022. Also see Note 15.