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Unaudited Interim Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (3,660,825) $ (1,078,673)
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Provision for doubtful accounts (14,357) 114,462
Depreciation and amortization 48,661 144,947
Non-cash operating lease expenses 106,548
Share based compensation expenses 1,773,600
Foreign exchange gain (42,850)
Deferred tax expenses 118,159
Changes in assets and liabilities    
Accounts receivable 238,212 (761,458)
Other receivables (96,868) (68,925)
Prepayments 151,732 (366,835)
Accounts receivable - related party (379,248)
Due from related parties (234,387)
Other non-current assets 7,623 1,971
Accounts payable (162,766) 257,028
Accruals and other payables 23,477 1,026,012
Advance from clients (147,524) 423,795
Taxes payable (53,344) 43,880
Operating lease liabilities (103,266) (102,504)
Net cash used in operating activities (2,166,334) (627,389)
Cash flows from investing activities    
Purchase of property and equipment (5,690) 13,284
Purchase of intangible assets (29,761) (4,028,815)
Net cash used in investing activities (35,451) (4,015,531)
Cash flows from financing activities    
IPO proceeds net of deferred offering cost 8,047,056
Due from related parties 881,306
Due to related parties (186,901) (1,099,907)
Net cash provided by financing activities 694,405 6,947,149
Effect of exchange rates on cash (42,813) (65,734)
Net increase (decrease) in cash and restricted cash (1,550,193) 2,238,495
Cash and restricted cash at beginning of period 4,648,980 2,654,185
Cash and restricted cash at end of period 3,098,787 4,892,680
Cash at end of period 3,098,787 4,892,680
Restricted cash at end of period
Cash and restricted cash at end of period 3,098,787 4,892,680
Supplemental disclosure information    
Cash paid for interest expenses
Cash paid for income tax 420
Supplemental disclosure of non-cash financing activities:    
Operating lease asset obtained in exchange for operating lease obligation $ 103,499