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Significant Non-Cash Transaction
 12 Months Ended
Dec. 31, 2023
Significant Non-Cash Transaction [Abstract]  
SIGNIFICANT NON-CASH TRANSACTION

NOTE 12 — SIGNIFICANT NON-CASH TRANSACTION

 

The company engaged in the following significant non-cash investing and financing activities for the years ended December 31, 2023 and 2022.

 

   December 31,
2023		   December 31,
2022		 
Offsetting short-term loan payables by exercising warrants to purchase 309,430 common stock   (392,976)   
—
 
Purchase of investment by exercising warrants to purchase 500,000 shares of common stock        (635,000)
Sale of investment by receiving a non-trade receivable due by February 28, 2023        710,171 
Sales of investment by receiving a non-trade receivable due by April 30, 2023        867,987 
Total  $(392,976)  $943,158 

 

For the year ended December 31, 2023, conversion to equity by offsetting short-term loan payables was $392,976, which reflected 309,430 shares of common stock issued and a decrease of $392,976 in short-term loan payables. For the year ended December 31, 2022, investment of $635,000 was increased by exercising warrants to purchase 500,000 shares of common stock, and investments of $1,578,158 were reduced by receiving non-trade receivables with an aggregate value of $1,578,158.