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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalent $ 2,991,563 $ 9,380,322
Restricted cash 1,723,937
Accounts receivable, net 21,487,053 14,814,583
Notes receivable 28,169 13,049
Loan receivable, net 1,037,304 59,612,192
Prepayments, deposits and other current assets, net 2,434,714 1,447,752
Total Current Assets 31,067,719 87,408,491
Property and equipment, net 5,902,949 5,833,918
Intangible assets, net 35,032,450 5,162,724
Prepayments, deposits and other assets 76,274,752 226,544
Long term investments 11,272,965 30,764,195
Goodwill 15,031,608
Right-of-use assets-operating lease 357,007 211,585
Deferred tax assets 1,019,173 980,653
Total Assets 175,958,623 130,588,110
CURRENT LIABILITIES:    
Bank loans 3,943,718 2,609,755
Accounts payable 18,567,993 12,815,532
Convertible notes 5,020,633 9,079,966
Deferred revenue 2,175,896 1,376,998
Loan from third parties 552,108
Accrued expenses and other current liabilities 1,086,194 1,733,181
Due to related party 40,208 118,114
Taxes payable 180,442 110,843
Operating lease liabilities -current 260,728 91,587
Total Current Liabilities 31,827,920 27,935,976
Operating lease liabilities -non-current 109,956 101,992
Total Liabilities 31,937,876 28,037,968
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Additional Paid-in Capital 243,197,192 164,753,623
Subscription receivable (40,500,000)
Accumulated deficit (168,679,873) (59,081,432)
Accumulated other comprehensive loss (5,062,516) (3,333,541)
Total X3 Holdings Co., Ltd.’s Shareholders’ Equity 132,838,032 102,813,649
Non-controlling interest 11,182,715 (263,507)
Total Equity 144,020,747 102,550,142
Total Liabilities and Equity 175,958,623 130,588,110
Class A Common Shares    
EQUITY:    
Common shares value [1] 103,785,668 474,999
Class B Common Shares    
EQUITY:    
Common shares value [1] 97,561
Related Party    
CURRENT ASSETS:    
Due from related parties, net 1,364,979 2,140,593
CURRENT LIABILITIES:    
Due to related party $ 40,208 $ 118,114
[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.