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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]    
Net revenues $ 22,079,905 $ 8,941,835
Cost of goods sold (19,821,645) (9,455,805)
Gross profit (loss) 2,258,260 (513,970)
OPERATING EXPENSES:    
Selling and marketing expenses (7,868,773) (6,525,255)
General and administrative expenses (35,768,786) (32,822,709)
Research and development expenses (8,469,241) (6,362,770)
Provision for doubtful accounts 0 (5,986,308)
Impairment loss of right-of-use assets 0 (371,695)
Impairment loss of intangible assets 0 (2,995,440)
Reverse of deferred tax liabilities 0 898,632
Impairment loss of property, plant and equipment (431,319) (550,402)
Total operating expenses (52,538,119) (54,715,947)
Loss from operations (50,279,859) (55,229,917)
OTHER EXPENSE:    
Interest (income)/expense, net 402,414 (844,231)
Gain (Loss) on redemption of convertible promissory notes 12,507 (7,435)
(Loss) income from long-term investments (1,377,760) (12,651)
Change in fair value of convertible promissory notes and derivative liability 75,341 (37,774,928)
Change in fair value of equity securities (2,600,721) (240,805)
Convertible bond issuance cost 0 (5,589,336)
Foreign currency exchange loss, net (848,781) (409,207)
Impairment loss of goodwill 0 (11,111,886)
Loss from acquisition of Antric (136,302) 0
Loss on exercise of warrants (228,903) 0
Gain from cross-currency swaps 8,664 0
Other income/(expense), net 621,633 (924,867)
Loss before income taxes (54,351,767) (112,145,263)
Income tax expense (8,988) 0
Net loss (54,360,755) (112,145,263)
Less: net loss attributable to non-controlling interests (161,430) (2,057,022)
Net loss attributable to the Company's shareholders (54,199,325) (110,088,241)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustment (1,162,080) (3,889,706)
Total comprehensive loss (55,522,835) (116,034,969)
Less: total comprehensive loss attributable to non-controlling interests (185,997) (2,032,455)
Total comprehensive loss to the Company's shareholders $ (55,336,838) $ (114,002,514)
Weighted average number of shares outstanding, basic (in shares) 30,424,686 [1] 26,332,324
Weighted average number of shares outstanding, diluted (in shares) 30,424,686 [1] 26,332,324
Loss per share, basic (in dollars per share) $ (1.78) $ (4.18)
Loss per share, diluted (in dollars per share) $ (1.78) $ (4.18)
[1] On September 1, 2023 the Company held its annual general meeting of shareholders where among other proposals, the shareholders of the Company did approve the consolidation of the ordinary shares of the Company on a one-for-ten (1:10) basis with effect from December 8, 2023. The one-for-ten reverse stock split decreased the number of outstanding shares and increased net loss per common share. All per share and share amounts presented have been retroactively adjusted for the effect of this share consolidation for all periods presented.