Prepayments and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2023

Prepayments and Other Receivable [Abstract]

Schedule of Prepayments and Other Receivables

Prepayments and other receivables as of December 31, 2022 and 2023 consisted of the following:

	December 31,			December 31,
	2022			2023
Value added tax recoverable	$	4,234,082		$	5,248,210
Prepayments to suppliers		220,671			1,341,596
Deposits		43,914			108,492
Staff advances		51,826			113,336
Prepaid operating expenses		706,190			645,390
Receivables from sales of vehicles		371,105			-
Others		294,292			292,458
		5,922,080			7,749,482
Less: Allowance for doubtful accounts		(7,000	)		(290,228	)
	$	5,915,080		$	7,459,254

Schedule of Allowance for Credit Losses

An analysis of the allowance for credit losses are as follows:

Balance as at December 31, 2022	$	7,000
Adoption of ASC Topic 326		-
Balance as at January 1, 2023		7,000
Current period provision, net		284,238
Foreign exchange adjustment		(1,010	)
Balance as at December 31, 2023	$	290,228