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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF ACCOUNTS RECEIVABLE

Accounts receivable as at December 31, 2024 and 2023 are as follows:

 

   December 31, 2024   December 31, 2023 
Accounts Receivable  $15,317,545   $19,471,159 
Allowance for credit losses   (7,436,456)   (11,407,879)
Accounts Receivable, net  $7,881,089   $8,063,280 
Accounts Receivable - related parties  $295,490   $14,814,842 
Allowance for credit losses   (252,035)   (14,184,067)
Accounts Receivable - related parties, net  $43,455   $630,775 
SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES

 

Balance at January 1, 2023  $25,484,295 
Increase in allowance for credit losses   794,087 
Foreign exchange difference   (686,436)
Balance at December 31, 2023  $25,591,946 
Increase in allowance for credit losses   2,646,969 
Amounts recovered during the year   (62,786)
Decrease from dissolution of a subsidiary   (1,122)
Amounts written off as uncollectible   (19,505,099)
Foreign exchange difference   (981,417)
Balance at December 31, 2024  $7,688,491 
SCHEDULE OF PROPERTY , EQUIPMENT AND SOFTWARE ESTIMATED USEFUL LIVES

 

Office buildings 20-50 years
Lease improvement Shorter of lease term or assets lives
Electronics equipment, furniture and fixtures 3-5 years
Motor vehicles 5 years
Purchased software 5 years
Media display equipment 5 years
SCHEDULE OF ANNUAL MINIMUM RENTAL INCOME RECEIVED

 

Annual minimum rental income to be received in the next 5 years:     
2025   263,951 
2026   99,109 
Total   363,060 
SCHEDULE OF FOREIGN CURRENCY TRANSLATION

The exchange rates adopted are as follows:

 

   December 31, 2024   December 31, 2023 
Year-end RMB to US$ exchange rate   7.2995    7.0898 
Average yearly RMB to US$ exchange rate   7.1905    7.0723 
Year-end HKD to US$ exchange rate   7.7655    7.8081 
Average yearly HKD to US$ exchange rate   7.8024    7.8284