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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalent $ 4,193,839 $ 2,991,563
Restricted cash 70,721 1,723,937
Accounts receivable, net 17,281,112 21,487,053
Notes receivable 28,169
Loan receivable, net 1,351,915 1,037,304
Prepayments, deposits and other current assets, net 1,702,483 2,434,714
Total Current Assets 25,497,485 31,067,719
Property and equipment, net 5,980,692 5,902,949
Intangible assets, net 11,072,858 35,032,450
Prepayments, deposits and other assets 37,689,697 76,274,752
Long term investments 11,272,965
Goodwill 4,838,820 15,031,608
Right-of-use assets-operating lease 338,017 357,007
Deferred tax assets 977,450 1,019,173
Total Assets 86,395,019 175,958,623
CURRENT LIABILITIES:    
Short term bank loans 3,877,084 3,943,718
Operating lease liabilities -current 215,253 260,728
Accounts payable 18,073,964 18,567,993
Convertible notes 6,574,380 5,020,633
Deferred revenue 1,855,313 2,175,896
Loan from third parties 578,573 552,108
Taxes payable 244,770 180,442
Accrued expenses and other current liabilities 3,038,236 1,086,194
Total Current Liabilities 34,457,791 31,827,920
Operating lease liabilities -non-current 146,932 109,956
Deferred tax liabilities 1,882,829
Total Liabilities 36,487,552 31,937,876
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Additional paid-in capital 363,712,513 347,080,357
Subscription receivable (55,906,186) (40,500,000)
Accumulated deficit (255,789,851) (168,679,873)
Accumulated other comprehensive loss (6,072,241) (5,062,516)
Total X3 Holdings Co., Ltd.’s Shareholders’ Equity 45,944,303 132,838,032
Non-controlling interest 3,963,164 11,182,715
Total Equity 49,907,467 144,020,747
Total Liabilities and Equity 86,395,019 175,958,623
Related Party    
CURRENT ASSETS:    
Due from related parties, net 897,415 1,364,979
CURRENT LIABILITIES:    
Due to related party 218 40,208
Class A Common Shares    
EQUITY:    
Common shares value [1] 68 64
Class B Common Shares    
EQUITY:    
Common shares value [1]
[1] Retroactively restated for one-for-six reverse split with effective date of February 10, 2025.