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Condensed Financial Information of the Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information of the Parent Company [Abstract] |
Schedule of Condensed Unconsolidated Financial Information | The following represents condensed unconsolidated financial information of the parent company only:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
ASSETS |  |  |  |  |  |
Current Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 678,347 |  |  | $ | 1,930,241 |
Prepayments and other current assets |  |  | - |  |  |  | - |
Total current assets |  |  | 678,347 |  |  |  | 1,930,241 |
Investment in subsidiaries |  |  | 172,382,428 |  |  |  | 184,806,532 |
Total Assets |  | $ | 173,060,775 |  |  | $ | 186,736,773 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |
Inter-company payable |  | $ | 4,026,904 |  |  | $ | 4,070,160 |
Due to related parties |  |  | 727,433 |  |  |  | 727,433 |
Accrued payroll and employee benefit |  |  | - |  |  |  | - |
Accrued liabilities |  |  | - |  |  |  | - |
Income tax payable |  |  | - |  |  |  | - |
Total current liabilities |  |  | 4,754,337 |  |  |  | 4,797,593 |
Derivative liability |  |  | 54 |  |  |  | 646,283 |
Total liabilities |  | $ | 4,754,391 |  |  | $ | 5,443,876 |
Total stockholders’ equity |  |  | 168,306,384 |  |  |  | 181,292,897 |
Total Liabilities and Stockholders’ Equity |  | $ | 173,060,775 |  |  | $ | 186,736,773 |
Condensed Statements of Income and Comprehensive Income (Loss) |
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Revenue |  | - |  |  | - |
Selling, general and administrative expenses |  | $ | 708,638 |  |  | $ | 515,294 |
Loss from Operations |  |  | (708,638 | ) |  |  | (515,294 | )
Equity in earnings of unconsolidated subsidiaries |  |  | (9,883,626 | ) |  |  | (17,489,197 | )
Loss on derivative liability |  |  | 646,229 |  |  |  | 1,417,251 |
Other Income (Expense) |  |  | - |  |  |  | - |
Income before Income Taxes |  |  | (9,946,035 | ) |  |  | (16,587,240 | )
Provision for Income Taxes |  |  | - |  |  |  | (15,062 | )
Net Income |  | $ | (9,946,035 | ) |  | $ | (16,602,302 | )
Other comprehensive income /(loss) |  |  | (3,040,994 | ) |  |  | (18,010,708 | )
Total Comprehensive Income (loss) |  | $ | (12,987,029 | ) |  | $ | (34,613,010 | )
Schedule of Cash Flow |
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Net Cash Used in Operating Activities |  | $ | (708,641 | ) |  | $ | (374,357 | )
Net Cash Used in Investing Activities |  |  | (500,000 | ) |  |  | (6,502,000 | )
Net Cash Provided by Financing Activities |  |  | (43,253 | ) |  |  | (329,399 | )
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | (1,251,894 | ) |  |  | (7,205,755 | )
Cash and Cash Equivalents - Beginning of Year |  |  | 1,930,241 |  |  |  | 9,135,996 |
Cash and Cash Equivalents - End of Year |  | $ | 678,347 |  |  | $ | 1,930,241 |

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