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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Total revenues $ 16,824,823 $ 10,482,809 $ 32,092,828
COST OF REVENUES      
Total cost of revenues 13,404,627 6,715,388 21,377,515
GROSS PROFIT 3,420,196 3,767,421 10,715,313
OPERATING EXPENSES      
Sales and marketing 1,480,732 1,956,811 2,775,526
General and administrative 12,130,707 7,732,287 6,004,186
Provision for doubtful accounts 539,284 4,733,183 1,100,606
Research and development 4,814,463 3,459,987 2,611,742
Share based compensation 6,058,117 5,983,907 6,335,246
Impairment for intangible assets 2,272,829
Impairment for goodwill 29,686,102
Total operating expenses 56,982,234 23,866,175 18,827,306
OPERATING LOSS (53,562,038) (20,098,754) (8,111,993)
OTHER INCOME (EXPENSE)      
(Loss) gain from disposition of subsidiaries (1,009) 714
Gain from equity investment 70,947
Change in fair value of convertible notes (21,166) (2,448,936) (1,508,229)
Gain from fair value change in equity investments 2,402,943
Fair value loss on financial instruments (71,006,115)
Other (expense) income (169,107) 608 (36,881)
Total other expense (68,722,498) (2,449,337) (1,544,396)
LOSS BEFORE INCOME TAXES (122,284,536) (22,548,091) (9,656,389)
INCOME TAX BENEFIT (57,341) (999,391) (173,941)
NET LOSS (122,227,195) (21,548,700) (9,482,448)
Less: loss attributable to non-controlling interests (12,628,754) (43,102) (141,106)
NET LOSS ATTRIBUTABLE TO X3 HOLDINGS CO., LTD. (109,598,441) (21,505,598) (9,341,342)
OTHER COMPREHENSIVE (LOSS) INCOME      
Foreign currency translation adjustment (1,715,719) (6,012,211) 1,880,131
COMPREHENSIVE LOSS (123,942,914) (27,560,911) (7,602,317)
Less: comprehensive loss attributable to non-controlling interest (12,615,498) (22,888) (145,516)
COMPREHENSIVE LOSS ATTRIBUTABLE TO X3 HOLDINGS CO., LTD. $ (111,327,416) $ (27,538,023) $ (7,456,801)
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES *      
Basic (in Shares) [1] 30,743,188 454,434 205,268
LOSS PER SHARE      
Basic (in Dollars per share) $ (3.56) $ (47.32) $ (45.51)
Application development services      
REVENUES:      
Total revenues $ 9,780,115 $ 3,847,199 $ 20,323,422
Consulting and technical support services      
REVENUES:      
Total revenues 3,609,158 2,538,500 4,555,352
Subscription services      
REVENUES:      
Total revenues 695,010 758,526 936,913
Trading revenue      
REVENUES:      
Total revenues 2,549,808 3,338,584 6,277,141
Others revenue      
REVENUES:      
Total revenues 190,732
Cost of application development services      
COST OF REVENUES      
Total cost of revenues 9,236,901 2,443,460 12,785,491
Cost of consulting and technical support services      
COST OF REVENUES      
Total cost of revenues 1,404,193 983,700 2,198,310
Cost of subscription services      
COST OF REVENUES      
Total cost of revenues 102,573 104,499 156,113
Cost of trading revenue      
COST OF REVENUES      
Total cost of revenues 2,504,352 3,183,729 6,237,601
Cost of others revenue      
COST OF REVENUES      
Total cost of revenues $ 156,608
[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.