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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
TOTAL REVENUE [1] $ 36,672,512 $ 38,635,635 $ 24,233,463
TOTAL COST 28,902,062 29,783,354 17,003,414
GROSS PROFIT 7,770,450 8,852,281 7,230,049
Administrative expenses 6,209,596 5,600,578 6,149,981
Research and development expenses 2,424,127 2,967,043 3,606,653
Selling expenses 745,289 482,358 639,052
LOSS FROM OPERATIONS (1,608,562) (197,698) (3,165,637)
Subsidy income 58,540 292,797 148,577
(Loss) from equity method investment (8,031) (261,397)
Other income (loss), net 203,081 267,292 3,314,433
Interest income 2,241 2,100 7,956
Interest expense and debt discounts expense (460,544) (580,630) (556,434)
Loss before income taxes (1,805,244) (224,170) (512,502)
Income tax (expense) (14,143) (7,980) (69,869)
Net (loss) from continuing operations (1,819,387) (232,150) (582,371)
Net (loss) from discontinued operations (465,791) (6,499,276)
NET LOSS (1,819,387) (697,941) (7,081,647)
Less: net loss attributable to the non-controlling interest
NET LOSS ATTRIBUTABLE TO THE COMPANY $ (1,819,387) $ (697,941) $ (7,081,647) [2]
(Loss) per share - Basic and Diluted*      
Basic [3] $ (0.29) $ (0.12) $ (0.37)
Diluted [3] (0.29) (0.12) (0.37)
DISCONTINUED OPERATIONS      
Basic [3] (0.24) (4.10)
Diluted [3] (0.24) (4.10)
LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY*      
Basic [3] (0.29) (0.36) (4.47) [2]
Diluted [3] $ (0.29) $ (0.36) $ (4.47) [2]
Product [Member]      
TOTAL REVENUE $ 24,494,503 $ 24,073,593 $ 12,135,570
TOTAL COST 22,148,743 21,389,832 11,125,855
Products Related Parties [Member]      
TOTAL REVENUE 134,077 165,520 117,995
Advertising [Member]      
TOTAL REVENUE 4,290,173 5,001,695 5,397,610
TOTAL COST 4,307,542 3,945,211 3,746,585
Advertising Related Parties [Member]      
TOTAL REVENUE 11,901
Software [Member]      
TOTAL REVENUE 7,446,966 8,792,781 4,820,454
TOTAL COST 2,430,562 4,145,233 665,846
Software Related Parties [Member]      
TOTAL REVENUE 6,021
Product and Service, Other [Member]      
TOTAL REVENUE 304,484 596,025 1,729,847
TOTAL COST 15,215 303,078 1,465,128
Other Related Parties [Member]      
TOTAL REVENUE $ 2,309 $ 20,086
[1] Revenues by operating segments exclude intercompany transactions.
[2] On August 1, 2023, the Company implemented a one-for-ten reverse stock split of the Company’s issued and outstanding ordinary shares. Except shares authorized, all share and per share information has been retroactively adjusted to give effect to the reverse stock split for all periods presented, unless otherwise indicated.
[3] On August 1, 2023, the Company implemented a one-for-ten reverse stock split of the Company’s issued and outstanding ordinary shares. Except shares authorized, all references to number of shares, and to per share information in the consolidated financial statements have been retroactively adjusted.