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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,316,322) $ (11,192,551)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation and amortization 1,387,003 2,928,124
Recovery of (provision for) credit losses (1,427,183) 3,773,492
Share based compensation 4,040,000 3,654,999
Loss from disposal of property and equipment 59
Deferred tax benefit (1,693,253) (144,541)
Change in fair value of convertible notes (1,048,271)
Settlement loss on disposition of assets 318,129
Accrued interest for liabilities 181,559 192,471
Loss from disposition of a subsidiary 113,361
Impairment charges 12,012,569
Loss from long term investment 4,853
Amortization of right-of-use assets-operating lease 123,813 185,657
Changes in assets and liabilities:    
Notes receivable 27,720
Accounts receivable 2,392,961 (357,380)
Prepayments, deposits and other assets (115,600) 25,289
Accounts payable (1,888,287) 8,762
Accrued expenses and other current liabilities (292,571) 1,110,024
Taxes payable (121,077) (7,406)
Deferred revenue (15,011) (519,449)
Operating lease liabilities (144,040) (164,221)
NET CASH USED IN OPERATING ACTIVITIES (1,870,527) (1,095,791)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Repayment from (loans to) third parties 53,107 (94,494)
Purchases of property and equipment (26,302) (605,746)
Purchases of intangible assets (307,686) (396,847)
Repayment from (loans to) related parties 274,969 (245,472)
Net cash arising from business combination 47,240
Payment for long-term investment (48,259)
NET CASH USED IN INVESTING ACTIVITIES (54,171) (1,295,319)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term bank loans 1,103,053 2,079,002
Repayments of short-term bank loans (1,792,461) (3,187,803)
Proceeds from private placement and market offering 8,591,203 601,639
(Repayment of) proceeds from convertible notes (533,333) 1,419,589
Proceeds from related parties 7,173 8,182
(Repayment to) loan from third party (6,641,906) 10,193
Payment of deferred financing costs (480,000)
NET CASH PROVIDE BY FINANCING ACTIVITIES 253,729 930,802
EFFECT OF EXCHANGE RATE CHANGES 55,620 (102,431)
NET DECREASE IN CASH, CASH EQUIVALENT AND RESTRICTED CASH (1,615,349) (1,562,739)
CASH, CASH EQUIVALENT AND RESTRICTED CASH - beginning of period 4,264,560 4,715,500
CASH, CASH EQUIVALENT AND RESTRICTED CASH - end of period 2,649,211 3,152,761
Cash paid for:    
Interest 139,221 152,140
Income taxes 2,621 (271)
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES    
Right of use assets obtained in exchange of lease liabilities 436,685 293,269
Prepayments, deposits and other assets as consideration for acquisition 13,854,016
RECONCILIATION TO AMOUNTS ON CONSOLIDATED BALANCE SHEETS:    
Cash and cash equivalent 2,649,211 1,468,511
Restricted cash 1,684,250
Total cash, cash equivalent and restricted cash $ 2,649,211 $ 3,152,761