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Disposal of Subsidiaries and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2024
Disposal of Subsidiaries and Discontinued Operations [Abstract]  
Schedule of Disposal of Subsidiaries and Discontinued Operations

The following table outlines the calculation of the gain on disposal related to the sale of the subsidiaries on November 5, 2024, and December 28, 2024.

 

   As of December 28,
2024		 
Consideration received (sale price)  $3,300 
      
The carrying amount of any noncontrolling interest   
—
 
Net liabilities   11,502,964 
foreign exchange difference   894,109 
Gain on disposal of subsidiaries  $12,400,373 

The financials of the three companies for the years ended December 31, 2024 and December 31, 2023 are as follows.

 

   December 31,
2024		   December 31,
2023		 
CURRENT ASSETS:  $39,653,805   $17,415,555 
Cash and Cash Equivalents   1,408    5,358,142 
Short-term loans   26,550,250    3,658,820 
Accounts receivable, net of allowance   5,971,432    324,413 
Non-trade receivables   24,320    171,893 
Prepaid expenses and other receivables   7,106,395    7,902,287 
PROPERTY PLANTAND EQUIPMENT, NET   247,188    505,155 
Operating lease right-of-use asset   
—
    1,918,966 
Other Asset   216,258    379,735 
Total Assets  $40,117,251   $20,219,411 
           
CURRENT LIABILITIES:  $51,620,215   $
—
 
Short-term borrowings   40,248,754    1,589,887 
Non-trade accounts payable   8,211,344    2,312,669 
Bonds with Warrants   3,061,224    3,489,995 
Accrued expenses and other current liabilities   98,893    83,940 
Total Liabilities  $51,620,215   $7,476,491 
Total Stockholder’s Equity (Deficiency)  $(11,502,964)  $12,742,920 

 

   December 31,
2024		   December 31,
2023		 
Sales   196    827,489 
Cost of Revenue   
—
    79,097 
Gross profit (Loss)  $196   $748,392 
OPERATING EXPENSES:   1,489,006    10,483,401 
OPERATING LOSS   (1,488,810)   (9,735,009)
OTHER INCOME(EXPENSE):   100,492    (2,178,706)
           
Net loss before taxes   (1,338,318)   (7,556,303)
Income tax expense   
—
    
—
 
NET INCOME(LOSS)  $(1,338,318)  $(7,556,303)