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LONG-TERM INVESTMENT, NET, Equity Method Investments, Net (Details)
May 08, 2024
CNY (¥)
May 08, 2024
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 25, 2022
CNY (¥)
Sep. 25, 2022
USD ($)
Mar. 22, 2022
USD ($)
Mar. 22, 2022
EUR (€)
Jun. 23, 2021
CNY (¥)
Jun. 23, 2021
USD ($)
Equity Method Investment [Abstract]                    
Equity method investment     $ 2,244,174 $ 2,624,272            
Hangzhou Hezhe Energy Technology Co., Ltd. [Member]                    
Equity Method Investment [Abstract]                    
Equity method investment     $ 0 [1] 407,778 [1]         ¥ 2,000,000 $ 284,998
Percentage of equity interests to be acquired 60.00% 60.00% 60.00%              
Equity interest consideration ¥ 3,704,307 $ 527,860                
Hangzhou Hezhe Energy Technology Co., Ltd. [Member]                    
Equity Method Investment [Abstract]                    
Equity method investment                 ¥ 2,000,000 $ 284,998
Percentage of ownership interest, equity method investment                 20.00% 20.00%
Hangzhou Entropy Yu Equity Investment Partnership (Limited Partnership) [Member]                    
Equity Method Investment [Abstract]                    
Equity method investment     $ 2,152,000 [2] 2,127,062 [2] ¥ 15,400,000 $ 2,194,482        
Percentage of ownership interest, equity method investment         99.355% 99.355%        
Percentage of voting interests         50.00% 50.00%        
Able 2rent GmbH [Member]                    
Equity Method Investment [Abstract]                    
Equity method investment     $ 92,174 [3] $ 89,432 [3]     $ 111,450 € 100,000    
Percentage of ownership interest, equity method investment             50.00% 50.00%    
[1] On June 23, 2021, the Company invested RMB2,000,000 (approximately $284,998) in Hangzhou Hezhe to acquire 20% of its equity interest. On May 8, 2024, the Company entered an agreement to acquire 60% of Hangzhou Hezhe’s equity interest, with the consideration of RMB3,704,307 (approximately $527,860). As of September 30, 2024, Hangzhou Hezhe become a subsidiary of the Company.
[2] On September 25, 2022, the Company invested RMB15,400,000 (approximately $2,194,482) in Entropy Yu to acquire 99.355% of the partnership entity’s equity interest. The Company accounts for the investment under the equity method because the Company controls 50% of voting interests in partnership matters and material matters must be agreed upon by all partners. The Company has the ability to exercise significant influence over Entropy Yu.
[3] On March 22, 2022, CAE invested EUR100,000 (approximately $111,450) in Able 2rent GmbH (DEU) to acquire 50% of its equity interest. The Company accounts for the investment under the equity method.