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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income(loss) from continuing operations $ (4,783,651) $ (1,851,332)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 6,352 9,183
Gain on disposal of subsidiary (12,400,373)
Bad-debt expense of other assets 16,179,823
Loss on disposal of tangible assets 23,937
Impairment loss on intangible assets 94,264
Changes in operating assets and liabilities:    
Non-trade receivable 2,170
Prepaid expenses and other current assets (357) (739)
Other assets 414,610
Accrued expenses and other current liabilities 6,812
Net cash used in operating activities of continuing operations (456,413) (1,842,888)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Receipt from collection of short-term loan receivable 84,154 11,988
Payment for short-term loan receivable (14,103) (6,037,561)
Disposal of property and equipment 84,097
Purchase of property and equipment (131,692)
Net cash provided by/(used in) investing activities of continuing operations 154,148 (6,157,265)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term loan payable 10,264 505
Proceeds from short-term loan payable from related parties 364,172
Proceeds from exercising warrants 420,000
Net proceeds from IPO 7,708,016
Repayment of short-term loan payable (2,933) (505)
Repayment of short-term loan payable from related parties (3,351)
Net cash provided by financing activities of continuing operations 368,152 8,128,016
Net change in cash – continued operations 65,887 127,863
Cash from discontinued operations:    
Net cash used in operating activities of discontinued operations (1,222,364) (13,851,297)
Net cash (used in) provided by investing activities of discontinued operations (5,235,253) 2,161,641
Net cash (used in) provided by financing activities of discontinued operations 311,413 16,718,667
Net change in cash – discontinued operations (6,146,204) 5,029,011
Cash beginning of the year- continued operations 69,688 8,343
Cash beginning of the year - discontinued operations 5,358,142 110,615
Beginning cash 5,427,830 118,958
Cash end of the year – continued operations 2,352 69,688
Cash end of the year - discontinued operations 1,408 5,358,142
Ending cash 3,760 5,427,830
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,080,317) 5,156,874
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 656,247 151,998
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 5,427,830 118,958
CASH AND CASH EQUIVALENTS AT END OF THE YEAR 3,760 5,427,830
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash receipt (paid) for interest – all operations 63 70,122
Less Cash receipt for interest - discontinued operations 63 4
Cash receipt (paid) for interest – continued operations 70,118
Cash receipt (paid) during the period for interest $ 63 $ 70,122