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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 4,447,003 $ 5,700,709
Restricted cash (Note 2D) 31,171 50,062
Accounts receivable, net of allowance for doubtful account of $64,031 and $24,259 as of December 31, 2023 and 2022. respectively 107,007 192,597
Inventories 121,513 81,706
Prepaid expenses 719,389 223,238
Other current assets (Note 3) 39,538 24,132
Total Current assets 5,465,621 6,272,444
Right-of-use asset arising from operating leases (Note 9) 56,568 121,855
Property and equipment, net (Note 4) 66,581 97,914
Investment in nonconsolidated affiliate (Note 5) 1,655,461
Total assets 7,244,231 6,492,213
Current Liabilities    
Accounts payable 43,539 127,484
Other liabilities (Note 7) 734,933 587,365
Total current liabilities 778,472 714,849
Non current operating lease liabilities (Note 9) 7,181 40,023
Total liabilities 785,653 754,872
Stockholders’ Equity (*) (Note 10)    
Common stock of $ 0.0001 par value each (“Common Stock”): 495,000,000 shares authorized as of December 31, 2023 and 2022; issued and outstanding 2,955,490 and 688,272 shares as of December 31, 2023 and 2022, respectively. [1] 296 69
Preferred stock of $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of December 31, 2023 and 2022; issued and outstanding 0 shares as of December 31, 2023 and 2022. [1]
Additional paid-in capital [1] 35,866,223 28,710,412
Foreign currency translation adjustments [1] (26,275) (26,275)
Accumulated deficit [1] (29,360,235) (22,837,827)
Total Company’s stockholders’ equity 6,480,009 5,846,379
Non-controlling interest (21,431) (109,038)
Total stockholders’ equity 6,458,578 5,737,341
Total liabilities and stockholders’ equity $ 7,244,231 $ 6,492,213
[1] Adjusted to reflect