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Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 4,467,529 $ 4,447,003
Restricted cash 22,737 31,171
Accounts receivable, net of allowance for doubtful account of $56,954 and $64,031 as of June 30, 2024 and December 31, 2023, respectively. 157,963 107,007
Inventory 106,342 121,513
Prepaid expenses 653,358 719,389
Other current assets 55,798 39,538
Total Current assets 5,463,727 5,465,621
Right-of-use asset arising from operating lease 28,756 56,568
Property and equipment, net 56,102 66,581
Investment in nonconsolidated affiliate (Note 3) 1,931,129 1,655,461
Total assets 7,479,714 7,244,231
Current Liabilities    
Short term loan (Note 5(1)) 1,200,000
Accounts payable 24,973 43,539
Other liabilities 365,762 734,933
Total current liabilities 1,590,735 778,472
Operating lease liabilities 3,305 7,181
Total liabilities 1,594,040 785,653
Stockholders’ Equity    
Common stock, $ 0.0001 par value (“Common Stock”): 495,000,000 shares authorized as of June 30, 2024 and December 31, 2023; issued and outstanding 4,161,097 and 2,955,490 shares as of June 30, 2024 and December 31, 2023, respectively. 416 296
Preferred stock, $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of June 30, 2024 and December 31, 2023; no shares issued and outstanding as of June 30, 2024 and December 31, 2023.
Additional paid-in capital 36,915,699 35,866,223
Foreign currency translation adjustments (26,275) (26,275)
Accumulated deficit (30,917,247) (29,360,235)
Total Company’s stockholders’ equity 5,972,593 6,480,009
Non-controlling interests (86,919) (21,431)
Total stockholders’ equity 5,885,674 6,458,578
Total liabilities and stockholders’ equity $ 7,479,714 $ 7,244,231