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Prepayments, Deposits and Other Assets, Net - Schedule of Prepayments, Deposits and Other Assets, Net (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Schedule of Prepayments, Deposits and Other Assets, Net [Abstract]        
Security deposits [1] $ 631,211 $ 248,146    
Advances to suppliers 1,659,609 2,032,099    
Advances to employees 129,971 46,293    
Prepaid expense 529,751 1,099,950    
Prepayment for potential acquisition [2] 15,906,186    
Antique art pieces [3] 36,970,600 59,651,975    
Others 19,286 6,511    
Prepayments, deposits and other assets, net 39,940,428 78,991,160    
Less: Long term portion (37,689,697) (76,274,752)    
Allowance for credit losses (548,248) (281,694) $ (364,973) $ (313,844)
Prepayments, deposits and other assets – current portion $ 1,702,483 $ 2,434,714    
[1] Security deposits mainly represent contract fulfillment deposits required by customer for specific projects, rent deposits and etc.
[2] On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI Group Limited (“DTI”), pursuant to which the Company agreed to prepay 34,911 (post-reverse stock split adjusted to 5,818) Class A ordinary shares (equivalent to $15,906,186) to purchase 32% equity of DTI. On January 29, 2025, the Company cancelled 34,911 (post-reverse stock split adjusted to 5,818) Class A ordinary shares according to the equity transfer agreement, due to the failure to achieve the acquisition purpose for unforeseeable reasons. The prepayment of $15,906,186 as of December 31, 2024 was reclassified to subscription receivables.
[3] On January 5, 2023, the Group received 20 antique art pieces to settle $59,651,975 (RMB411,157,212) from a debt extinguish agreement. On May 1, 2024, the Group settled 7 antique art pieces as a purchase consideration to acquire Hongchuangxin (details refer to Note 3). The Group engaged an independent valuation firm to perform the valuation for the rest antique art pieces, the fair value was $36,970,600 as of December 31, 2024