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PREPAYMENT AND OTHER CURRENT ASSETS (Details) - USD ($)
1 Months Ended 12 Months Ended
Jan. 31, 2023
Jan. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
PREPAYMENT AND OTHER CURRENT ASSETS [Abstract]        
Advance to suppliers     $ 12,579,554 $ 9,877,337
Deductible input value added tax     6,238,040 4,097,162
Receivable from a third party     1,000,000 [1] 0
Loans to a third party [2]     0 1,044,181
Receivable from third parties     0 678,887
Others     573,556 440,763
Prepayment and other current assets     20,391,150 16,138,330
PREPAYMENT AND OTHER CURRENT ASSETS [Abstract]        
Loan principal converted     $ 1,000,000 0
Subsequent Event [Member]        
PREPAYMENT AND OTHER CURRENT ASSETS [Abstract]        
Proceeds from third party   $ 1,000,000    
HW Electro Co., Ltd. [Member]        
PREPAYMENT AND OTHER CURRENT ASSETS [Abstract]        
Aggregate principal amount       $ 1,000,000
Annual interest rate       5.00%
Maturity period       Feb. 07, 2023
Loan principal converted $ 1,000,000      
Conversion shares (in shares) 1,143,860   1,143,860  
Percentage of equity interest 3.00%   3.00%  
[1] Receivable from a third party represented the redemption receivable of equity investment in Micro Money Fund SPC. The Company redeemed the investment of $1,000,000 in November 2023 and received the payment subsequently in January 2024.
[2] Loans to a third party represented an interest-bearing loan to HW Electro Co., Ltd. with principal amount of $1,000,000 as of December 31, 2022, with the annual interest rate of 5.00%, which will be due on February 7, 2023. On January 31, 2023, the Company entered into a debt conversion agreement with HW Electro Co., Ltd., to convert the loan principal of $1,000,000 for 1,143,860 shares of HW Electro Co., Ltd.’s common stock totaling 3.00% of its equity interest. The interest of the loan was repaid in February 2023.