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Condensed Financial Information of the Parent Company (Tables)
12 Months Ended
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