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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]    
Net revenues $ 31,297,393 $ 10,425,659
Cost of goods sold (23,688,846) (8,808,257)
Gross profit 7,608,547 1,617,402
OPERATING EXPENSES:    
Selling and marketing expenses (7,364,678) (4,175,784)
General and administrative expenses (26,321,333) (32,964,644)
Research and development expenses (5,160,803) (7,721,459)
Provision for credit losses (393,873) 0
Impairment of goodwill (209,130) 0
Total operating expenses (39,449,817) (44,861,887)
Loss from operations (31,841,270) (43,244,485)
OTHER EXPENSE:    
Interest (expense) income, net (183,662) 402,414
Gain on redemption of convertible promissory notes 0 12,507
(Loss) gain from long-term investments (299,772) 70,759
Change in fair value of convertible promissory notes and derivative liability 7,194 75,341
Change in fair value of equity securities 1,019,285 (2,600,721)
Foreign currency exchange gain (loss), net 44,481 (941,995)
Loss from acquisition in relation to the revaluation of the previously held equity interest (149,872) (136,302)
Loss from early termination of lease contract (2,218,120) 0
Gain (loss) on exercise of warrants 900 (228,903)
(Loss) gain from cross-currency swaps (9,463) 8,664
Other (expense) income, net (518,150) 521,709
Net loss from continuing operations before taxes (34,148,449) (46,061,012)
Income tax benefit (expense) 35,524 (8,988)
Net loss from continuing operations (34,112,925) (46,070,000)
Discontinued operations:    
Loss from discontinued operations, net of tax (10,795,692) (8,290,755)
Net loss (44,908,617) (54,360,755)
Less: net loss attributable to non-controlling interests (41,804) (161,430)
Net loss attributable to the Company's shareholders (44,866,813) (54,199,325)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustment (2,627,692) (1,162,080)
Unrealized holding gains and losses for available-for-sale securities 41,712 0
Total comprehensive loss (47,494,597) (55,522,835)
Less: total comprehensive loss attributable to non-controlling interests (42,770) (185,997)
Total comprehensive loss to the Company's shareholders $ (47,451,827) $ (55,336,838)
Weighted average number of shares outstanding, basic (in shares) [1] 30,841,396 30,424,686
Weighted average number of shares outstanding, diluted (in shares) [1] 30,841,396 30,424,686
Loss per common share    
Continuing operations - Basic (in dollars per share) $ (1.08) $ (1.51)
Continuing operations - Diluted (in dollars per share) (1.08) (1.51)
Discontinued operations - Basic (in dollars per share) (0.37) (0.27)
Discontinued operations - Diluted (in dollars per share) (0.37) (0.27)
Net loss per common share, basic (in dollars per share) (1.45) (1.78)
Net loss per common share, diluted (in dollars per share) $ (1.45) $ (1.78)
[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 common stock 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.