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Condensed Financial Information of the Parent Company (Tables)
12 Months Ended
Dec. 31, 2024
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, 
   2024   2023 
ASSETS        
         
Current Assets        
Cash and cash equivalents  $1,694   $678,347 
Prepayments and other current assets   -    - 
           
Total current assets   1,694    678,347 
           
Investment in subsidiaries   160,751,140    172,382,428 
           
Total Assets  $160,752,834   $173,060,775 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
Current Liabilities          
Inter-company payable  $4,726,897   $4,026,904 
Due to related parties   
-
    727,433 
Income tax payable   -    - 
           
Total current liabilities   4,726,897    4,754,337 
           
Derivative liability   5,651    54 
           
Total liabilities  $4,732,548   $4,754,391 
           
Total stockholders’ equity   156,020,286    168,306,384 
           
Total Liabilities and Stockholders’ Equity  $160,752,834   $173,060,775 
Schedule of Condensed Statements of Income and Comprehensive Income (Loss)

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)

 

   Year Ended December 31, 
   2024   2023 
         
Revenue   
-
    
-
 
Selling, general and administrative expenses  $562,421   $708,638 
Loss from Operations   (562,421)   (708,638)
Equity in earnings of unconsolidated subsidiaries   (9,238,283)   (9,883,626)
Loss on derivative liability   (5,597)   646,229 
Other Income (Expense)   -      - 
Income before Income Taxes   (9,806,301)   (9,946,035)
Provision for Income Taxes   (36,793)      - 
Net Income  $(9,843,094)  $(9,946,035)
Other comprehensive income /(loss)   (2,443,452)   (3,040,994)
Total Comprehensive Income (loss)  $(12,286,546)  $(12,987,029)
Schedule of Condensed Statements of Cashflow
   Year Ended December 31, 
   2024   2023 
Net Cash Used in Operating Activities  $(591,173)  $(708,641)
           
Net Cash Used in Investing Activities   (50,000)   (500,000)
           
Net Cash Provided by Financing Activities   (35,480)   (43,253)
           
Net Increase (Decrease) in Cash and Cash Equivalents   (676,653)   (1,251,894)
           
Cash and Cash Equivalents - Beginning of Year   678,347    1,930,241 
           
Cash and Cash Equivalents - End of Year  $1,694   $678,347