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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 1,217,956 $ 758,130
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Depreciation and amortization expense 91,548 428
Amortization of operating lease ROU assets 60,286
Stock-based compensation 30,177
Changes in assets and liabilities    
Increase in accounts receivable (1,102,097)
Increase in due from relates parties (1,054,963)
Decrease in interest receivables 1
(Increase) decrease in prepaid expense and other current assets (25,617) (1,087,784)
Increase in account payable 227,969 116,064
Increase in other payable and taxes payable 574,012
(Decrease) Increase in contract liability (91,911) 225,722
Due to related parties 114,078  
Increase in operating lease liabilities 159,744
Net cash provided by (used in) operating activities 201,182 12,561
Cash flows from investing activities    
Purchase of fixed assets (14,376) (55,172)
Increase in ROU (154,316)
Net cash provided by (used in) investing activities (168,692) (55,172)
Cash flows from financing activities    
Proceeds from borrowings 99,519
Repayment to related party payables
Net cash provided by (used in) financing activities 99,519
Net increase of cash and cash equivalents 32,490 56,908
Effect of foreign currency translation on cash and cash equivalents 2,183
Cash and cash equivalents – beginning of period 109,187 52,279
Cash, and cash equivalents – end of period 143,860 109,187
Supplementary cash flow information:    
Income taxes paid
Non-cash financing and investing activities:    
Repayment of related party debt 360,000
Recognized ROU assets through lease liabilities 154,613
Income taxes payable $ 473,047