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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
CURRENT ASSETS      
Cash and cash equivalents $ 17,795,126 ¥ 126,037,538 ¥ 151,119,985
Accounts receivable, net 1,389,700 9,842,827 80,352,463
Prepayments and other current assets 2,100,344 14,876,106 6,169,398
Due from related parties 60,280
Inventories, net 193,981 1,373,911 1,757,949
Total current assets 21,479,151 152,130,382 239,460,075
NON-CURRENT ASSETS      
Prepayment and deposits, net 43,835 310,468 417,004
Property and equipment, net 225,639 1,598,134 1,647,876
Intangible assets, net 15,376,524
Investments in unconsolidated entities 84,713 600,000
Right-of-use assets, net 421,971 2,988,691 4,064,525
Goodwill 21,155,897
Deferred tax assets 413,900 2,931,528
Total non-current assets 1,190,058 8,428,821 42,661,826
Total assets 22,669,209 160,559,203 282,121,901
CURRENT LIABILITIES      
Accounts payable 185,575 1,314,370 61,208,297
Advance from customers 314,972 2,230,852 3,404,038
Other payables and accrued liabilities 1,284,520 9,097,870 13,549,553
Due to related parties 350,000
Operating lease liabilities - current 150,140 1,063,396 1,596,584
Loan payable 409,998 2,903,896 410,000
Taxes payable 88,329 625,608 602,254
Total current liabilities 2,433,534 17,235,992 81,120,726
NON-CURRENT LIABILITIES      
Operating lease liabilities - noncurrent 290,577 2,058,068 2,574,711
Deferred tax liabilities 1,106,519
Warrant liabilities 8,782 62,200 425,619
Total non-current liabilities 299,359 2,120,268 4,106,849
Total liabilities 2,732,893 19,356,260 85,227,575
SHAREHOLDERS’ EQUITY      
Ordinary shares($0.001 par value; 5,941,204 shares authorized; 5,081,204 and 5,941,204 shares issued and outstanding as of December 31,2022 and December 31, 2023, respectively) [1] 5,941 42,318 36,144
Additional paid-in capital 41,180,750 286,296,970 254,138,709
Accumulative Deficit (20,668,617) (146,909,851) (65,500,622)
Statutory reserves 431,019 3,052,776 11,110,699
Accumulated other comprehensive loss (1,026,964) (1,365,466) (3,182,525)
Total MICROCLOUD HOLOGRAM INC. shareholders' equity 19,922,129 141,116,747 196,602,405
NON-CONTROLLING INTERESTS 14,187 86,196 291,921
Total Equity 19,936,316 141,202,943 196,894,326
Total liabilities and shareholders' equity $ 22,669,209 ¥ 160,559,203 ¥ 282,121,901
[1] All period results have been adjusted for the reverse stock split effective February 2, 2024 (See Note 18 - Subsequent Event).