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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net Loss $ (16,312,705) $ (11,219,851) $ (1,117,586)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization 183,097 87,973 388,319
Gains on withdrawal of right-of-use assets (53,816)
Interest expense   for convertible notes 221,788
Bad debt expense 349,419 491,868 144,520
Gain on disposal of subsidiaries 28,648 (14,002) (26,049)
Impairment of goodwill 7,362,187 6,244,555
Change in operating assets and liabilities:      
Account receivable, net 1,026,666 (4,102,339) 17,009
Prepaid expenses 2,104
Inventories, net 240,497 88,132 1,124,567
Other current assets (198,684) (345,447) (176,613)
Advances to suppliers, net 366,038 (1,150,942) 361,443
Rent deposit 44,347
Accounts payable (2,306,527) 3,331,146 (4,123,850)
Contract liabilities 279,817 (406,624) (4,251,510)
Tax payable 231,703 204,232 33,690
Lease liabilities (104,678) 232,562 (256,432)
Accrued expenses and other current liabilities 1,207,791 1,036,397 (799,545)
Net cash used in operating activities (7,422,839) (5,522,340) (8,691,506)
Cash flows from investing activities:      
Proceeds from the investment in loan receivable 26,500,000
Purchase of property and equipment (5,539) (25,916) (81,197)
Net cash (used in) provided by investing activities (5,539) (25,916) 26,418,803
Cash flows from financing activities:      
(Payment to) Proceeds from related parties loans 222,218 (2,763,012) (750,490)
Proceeds from convertible promissory notes 5,550,607
Proceeds from borrowings 285,255 455,756
Repayment of Bank loans (117,298) (195,350)
Capital contributions 171,874 1,408,013
Net cash provided by financing activities 276,794 2,877,500 1,113,279
Effect of changes of foreign exchange rate on cash (503,137) (246,808) 765,792
Net (decrease) increase in cash (7,654,721) (2,917,564) 19,606,368
Cash and cash equivalents at the Beginning of financial year 23,716,768 26,634,332 7,027,964
Cash and cash equivalents at the end of financial year 16,062,047 23,716,768 26,634,332
SUPPLEMENTARY CASH FLOW INFORMATION:      
Right of use assets obtained in exchange for operating lease liabilities 302,631 37,270
Deferred offering cost reduces additional paid-in capital $ (9,893)