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Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current Assets:      
Cash and cash equivalents $ 3,092,759 $ 16,060,686 $ 23,716,768
Restricted cash 1,329 1,361
Accounts receivable, net 1,988,344 2,874,494 4,043,473
Due from related party 168,935 117,141
Advances to suppliers, net 13,841,526 774,467 1,382,172
Inventories, net 92,934 95,124 344,823
Other current assets 767,213 465,480 386,954
Total Current Assets 19,953,040 20,388,753 29,874,190
Non-Current Assets:      
Property and equipment, net 58,112 76,470 183,386
Right-of-use assets 66,466 119,056 227,603
Deferred Offering Costs     9,893
Goodwill 7,700,569
Total Non-Current Assets 124,578 195,526 8,121,451
TOTAL ASSETS 20,077,618 20,584,279 37,995,641
Current Liabilities:      
Short-term loan 408,685 418,315 332,309
Accounts payable 1,792,866 2,547,805 4,990,647
Contract liabilities 1,093,706 1,004,832 747,093
Lease liabilities 79,628 119,434 107,467
Tax Payable 52,011 429,485 204,232
Accrued expenses and other current liabilities 4,122,133 3,115,282 1,964,469
Total Current Liabilities 7,549,029 7,635,153 8,346,217
Non-Current Liabilities:      
Due to related parties 3,815,182 3,912,606 3,679,717
Long-term loan 218,722
Convertible notes 5,550,607
Lease liabilities 20,613 144,163
Total Non-Current Liabilities 3,815,182 3,933,219 9,593,209
TOTAL LIABILITIES 11,364,211 11,568,372 17,939,426
STOCKHOLDERS’ EQUITY      
Ordinary shares, no par value, unlimited shares authorized; 2,923,325 and 1,741,295 shares issued and outstanding as of December 31, 2023 and 2022, respectively [1] [1] [2]
Additional paid-in capital 44,515,833 44,515,833 38,571,534
Accumulated deficit (33,483,614) (33,147,714) (17,081,329)
Accumulated other comprehensive loss (1,910,655) (1,953,766) (1,281,864)
Equity attributable to owners of the Company 9,121,564 9,414,353 20,208,341
Non-controlling interests (408,157) (398,446) (152,126)
TOTAL STOCKHOLDERS’ EQUITY 8,713,407 9,015,907 20,056,215
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 20,077,618 20,584,279 $ 37,995,641
Previously Reported [Member]      
Current Assets:      
Cash and cash equivalents   16,060,686  
Restricted cash   1,361  
Accounts receivable, net   2,874,494  
Due from related party   117,141  
Advances to suppliers, net   774,467  
Inventories, net   95,124  
Other current assets   465,480  
Total Current Assets   20,388,753  
Non-Current Assets:      
Property and equipment, net   76,470  
Right-of-use assets   119,056  
Deferred Offering Costs    
Goodwill    
Total Non-Current Assets   195,526  
TOTAL ASSETS   20,584,279  
Current Liabilities:      
Short-term loan   294,370  
Accounts payable   2,547,805  
Contract liabilities   1,004,832  
Lease liabilities   119,434  
Tax Payable   429,485  
Accrued expenses and other current liabilities   3,115,282  
Total Current Liabilities   7,511,208  
Non-Current Liabilities:      
Due to related parties   3,912,606  
Long-term loan   123,945  
Convertible notes    
Lease liabilities   20,613  
Total Non-Current Liabilities   4,057,164  
TOTAL LIABILITIES   11,568,372  
Commitment and Contingencies    
STOCKHOLDERS’ EQUITY      
Ordinary shares, no par value, unlimited shares authorized; 2,923,325 and 1,741,295 shares issued and outstanding as of December 31, 2023 and 2022, respectively [2]    
Additional paid-in capital   44,515,833  
Accumulated deficit   (33,147,714)  
Accumulated other comprehensive loss   (1,953,766)  
Equity attributable to owners of the Company   9,414,353  
Non-controlling interests   (398,446)  
TOTAL STOCKHOLDERS’ EQUITY   9,015,907  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 20,584,279  
[1] The shares and per share data are presented on a retroactive basis to reflect the Company’s Share Consolidation. (Note 12)
[2] The shares and per share data are presented on a retroactive basis to reflect the Company’s Share Consolidation. (Note 12)