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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 3,098,787 $ 4,618,670
Restricted cash 30,310
Accounts receivable, net 297,161 504,472
Prepayments 51,394 203,126
Due from related parties 472,180 1,119,099
Other receivables 234,559 137,691
Total current assets 4,154,081 6,613,368
NON-CURRENT ASSETS    
Property and equipment, net 170,972 213,891
Intangible assets, net 71,425 46,365
Operating lease right-of-use assets 246,923 353,471
Other non-current assets 28,541 36,164
Goodwill 2,973,850 2,973,850
Total non-current assets 3,491,711 3,623,741
TOTAL ASSETS 7,645,792 10,237,109
CURRENT LIABILITIES    
Accounts payable 334,718 497,484
Accounts payable-related parties 9,977 146,903
Operating lease liabilities - current 197,982 192,159
Advance from clients 479,327 626,851
Due to related parties 163,814 213,789
Taxes payable 10,776 64,120
Accruals and other payables 952,442 928,965
Total current liabilities 2,149,036 2,670,271
Operating lease liabilities - non-current 52,797 161,886
Total non-current liabilities 52,797 161,886
TOTAL LIABILITIES 2,201,833 2,832,157
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Class A ordinary shares, $0.0001 par value, 300,000,000 shares authorized, 10,963,040 and 13,963,040 shares issued and outstanding as of December 31, 2023 and June 30, 2024* [1] 1,396 1,096
Class B ordinary shares, $0.0001 par value, 200,000,000 shares authorized, 3,786,960 shares issued and outstanding as of December 31, 2023 and June 30, 2024 379 379
Additional paid-in capital 10,016,212 8,275,034
Statutory reserve 282,545 282,545
(Accumulated deficits) Retained earnings (4,589,136) (928,311)
Accumulated other comprehensive loss (267,437) (225,791)
Total shareholders’ equity 5,443,959 7,404,952
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 7,645,792 $ 10,237,109
[1] Giving retroactive effect to the nominal issuance of shares effected on January 10, 2023