XML 49 R37.htm IDEA: XBRL DOCUMENT v3.23.2
Summary of Significant Accounting Policies (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
shares
Jun. 30, 2022
USD ($)
shares
Jun. 30, 2023
USD ($)
shares
Jun. 30, 2023
CNY (¥)
shares
Jun. 30, 2022
USD ($)
shares
Summary of Significant Accounting Policies (Details) [Line Items]          
Net loss     $ 337,346   $ 666,269
Accumulated deficit $ 60,080,000.00   $ 60,080,000.00    
Amount of tax benefit percentage     50.00% 50.00%  
Shares of antidilutive securities under warrants and option (in Shares) | shares 30,911 30,911 30,911 30,911 30,911
PRC [Member]          
Summary of Significant Accounting Policies (Details) [Line Items]          
Insurance     $ 71,792 ¥ 500,000  
Balance not covered     $ 71,792 ¥ 500,000  
Erdos TCH [Member]          
Summary of Significant Accounting Policies (Details) [Line Items]          
Net loss $ 247,842 $ 224,810      
Business Acquisition [Member]          
Summary of Significant Accounting Policies (Details) [Line Items]          
Business acquisition, description     (“CFS”) include the accounts of SPC and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings; Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“Shanghai TCH”); Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”); and Xi’an TCH’s subsidiaries, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as of June 30, 2023. However, there was no revenue for the Company for the six and three months ended June 30, 2023 or 2022. All significant inter-company accounts and transactions were eliminated in consolidation. (“CFS”) include the accounts of SPC and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings; Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“Shanghai TCH”); Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”); and Xi’an TCH’s subsidiaries, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as of June 30, 2023. However, there was no revenue for the Company for the six and three months ended June 30, 2023 or 2022. All significant inter-company accounts and transactions were eliminated in consolidation.