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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 1,468,511 $ 2,991,563
Restricted cash 1,684,250 1,723,937
Accounts receivable, net 18,785,714 21,487,053
Notes receivable 28,169
Loan receivable, net 1,167,065 1,037,304
Prepayments, deposits and other current assets, net 18,526,903 2,434,714
Total Current Assets 43,230,927 31,067,719
Property and equipment, net 6,133,314 5,902,949
Intangible assets, net 40,052,910 35,032,450
Prepayments, deposits and other assets 46,275,401 76,274,752
Long term investments 11,221,989 11,272,965
Goodwill 22,782,354 15,031,608
Right-of-use assets-operating lease 457,292 357,007
Deferred tax assets 1,105,443 1,019,173
Total Assets 171,259,630 175,958,623
CURRENT LIABILITIES:    
Bank loans 2,752,092 3,943,718
Accounts payable 19,706,379 18,567,993
Convertible notes 5,584,422 5,020,633
Deferred revenue 1,987,674 2,175,896
Loan from third parties 562,301 552,108
Accrued expenses and other current liabilities 1,873,676 1,086,194
Taxes payable 169,370 180,442
Operating lease liabilities -current 352,167 260,728
Total Current Liabilities 33,027,364 31,827,920
Operating lease liabilities -non-current 139,820 109,956
Deferred tax liabilities 1,992,457
Total Liabilities 35,159,641 31,937,876
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Additional Paid-in Capital 251,550,068 243,197,192
Subscription receivable (40,000,000) (40,500,000)
Accumulated deficit (190,039,695) (168,679,873)
Accumulated other comprehensive loss (6,217,998) (5,062,516)
Total X3 Holdings Co., Ltd.’s Shareholders’ Equity 125,452,116 132,838,032
Non-controlling interest 10,647,873 11,182,715
Total Equity 136,099,989 144,020,747
Total Liabilities and Equity 171,259,630 175,958,623
Related Party    
CURRENT ASSETS:    
Due from related parties, net 1,598,484 1,364,979
CURRENT LIABILITIES:    
Due to related party 39,283 40,208
Class A Common Shares    
EQUITY:    
Common shares value [1] 110,062,180 103,785,668
Class B Common Shares    
EQUITY:    
Common shares value [1] $ 97,561 $ 97,561
[1] Retroactively restated for one-for-twenty reverse split with effective date of November 22, 2024.