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Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 124,296 $ 60,155
Restricted cash 618,473 656,625
Accounts receivable, net 1,530 1,530
Short-term investments 75,683 79,312
Prepaid expense and other current assets 100,810 101,051
Total Current Assets 2,189,567 1,656,709
Property and equipment, net 7,929,121 7,969,278
Operating lease right-of-use assets 607,001 809,283
Long-term investments 2,377,549 2,527,740
Deferred tax assets, net
Prepaid expenses - non-current 74,210 78,789
Security deposits 60,017 62,442
Prepayment for long-term investments 1,274,842 1,274,842
Total Assets 14,633,699 14,492,599
Current Liabilities    
Short-term bank loans 847,000 899,250
Accrued expenses and other current liabilities 3,961,050 3,696,380
Contract liabilities 79,500 79,500
Taxes payables   112,946
Operating lease liabilities - current portion 378,199 401,826
Convertible notes payable - third parties, net 956,880 569,456
Total Current Liabilities 6,548,927 5,932,490
Tenant security deposit 27,680 21,680
Operating lease liability - non-current portion 228,802 407,457
Total Liabilities 6,805,409 6,361,627
COMMITMENTS AND CONTINGENCIES
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 12,051,823 and 7,940,298 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively(1) [1] 12,052 7,940
Additional paid-in capital 87,082,558 82,636,966
Stock subscription receivable (451,480)
Stock to be issued 31,040
Accumulated deficit (70,365,716) (65,420,095)
Accumulated other comprehensive income 435,892 516,387
Treasury stock (8,902,371) (8,901,668)
Total Stockholders’ equity 8,293,455 8,388,050
Noncontrolling interest (465,165) (257,078)
Total Equity 7,828,290 8,130,972
Total Liabilities and Equity 14,633,699 14,492,599
Related Party    
Current Assets    
Accounts receivable - related parties, net 10,463 10,463
Due from related parties - current 1,258,312 747,573
Due from related parties - non-current, net 121,392 113,516
Current Liabilities    
Due to related parties $ 326,298 $ 173,132
[1] Prior period results have been adjusted to reflect the 1-for-10 reverse stock split effected on July 25, 2023.