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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
REVENUES:    
Total revenues $ 4,994,044 $ 6,584,729
COST OF REVENUES    
Total cost of revenues 2,773,304 4,739,749
GROSS PROFIT 2,220,740 1,844,980
OPERATING EXPENSES    
Sales and marketing 548,885 698,587
General and administrative 3,773,296 8,999,287
Provision for credit losses 3,773,492 483,137
Research and development 2,156,721 2,516,986
Share based compensation 3,654,999 3,576,470
Total operating expenses 13,907,393 16,274,467
OPERATING LOSS (11,686,653) (14,429,487)
OTHER INCOME (EXPENSE)    
Loss from deregistering of a subsidiary (113,361)
Gain from equity investment 70,947
Gain from fair value change in equity investment 2,402,943
Change in fair value of convertible debt 1,048,271 (530,501)
Fair value loss on financial instruments (45,063,404)
Other expense (585,759) (85,537)
Total other income (expense) 349,151 (43,205,552)
LOSS BEFORE INCOME TAXES (11,337,502) (57,635,039)
INCOME TAX BENEFIT (144,951) (74,856)
NET LOSS (11,192,551) (57,560,183)
Less: loss attributable to non-controlling interests (705,479) (97,230)
NET LOSS ATTRIBUTABLE TO X3 HOLDINGS CO., LTD (10,487,072) (57,462,953)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustment (1,098,206) (2,674,701)
COMPREHENSIVE LOSS (12,290,757) (60,234,884)
Less: comprehensive loss attributable to non-controlling interest (648,203) (85,268)
COMPREHENSIVE LOSS ATTRIBUTABLE TO X3 HOLDINGS CO., LTD $ (11,642,554) $ (60,149,616)
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES*    
Basic (in Shares) [1] 13,140,537 145,057
Diluted (in Shares) [1] 13,140,537 145,057
LOSS PER SHARE    
Basic (in Dollars per share) $ (0.8) $ (396.14)
Diluted (in Dollars per share) $ (0.8) $ (396.14)
Application development services    
REVENUES:    
Total revenues $ 884,538 $ 2,179,167
Consulting and technical support services    
REVENUES:    
Total revenues 2,383,000 1,477,740
Subscription services    
REVENUES:    
Total revenues 215,355 294,528
Trading revenue    
REVENUES:    
Total revenues 1,375,319 2,605,970
Others revenue    
REVENUES:    
Total revenues 135,832 27,324
Cost of application development services    
COST OF REVENUES    
Total cost of revenues 301,601 1,497,466
Cost of consulting and technical support services    
COST OF REVENUES    
Total cost of revenues 1,019,261 607,587
Cost of subscription services    
COST OF REVENUES    
Total cost of revenues 27,749 37,293
Cost of trading revenue    
COST OF REVENUES    
Total cost of revenues 1,371,067 2,559,490
Cost of others revenue    
COST OF REVENUES    
Total cost of revenues $ 53,626 $ 37,913
[1] Retroactively restated for one-for-twenty reverse split with effective date of November 22, 2024.