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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 1,714,964 $ (2,004,612)
Reconciliation of net income (loss) to net cash used in operating activities:    
Depreciation expenses 70,920 68,634
Amortization of operating lease right-of-use lease assets 98,773 179,774
Deferred tax assets 571,296 (545,938)
Stock-based compensation 36,000 34,333
Inventory allowance 645,379 1,054,242
Changes in operating assets and liabilities:    
Accounts receivable (5,594) 30,045
Inventory (1,026,905) 3,329,545
Prepaid expenses and other current assets 37,203 (130,528)
Accounts payable 1,875,374 (1,549,988)
Credit cards payable (2,120,514) (2,884,424)
Accrued expenses and other current liabilities (888,522) (813,678)
Operating lease liabilities (92,899) (191,845)
Income taxes payable 33,700
Net cash provided by (used in) operating activities 949,175 (3,424,440)
Cash flows from investing activities:    
Purchases of property and equipment (34,593) (5,881)
Net cash used in investing activities (34,593) (5,881)
Effect of changes in foreign currency exchange rates (51,838) (13,597)
Net change in cash 862,744 (3,443,918)
Cash at beginning of the period 2,484,153 4,562,589
Cash at end of the period 3,346,897 1,118,671
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,883 167,017
Cash paid for income tax 109,260
Noncash investing and financing activities:    
Operating lease right-of-use of assets and operating lease liabilities recognized $ 172,903 $ 28,407