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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 2,184,611 $ (2,019,668)
Reconciliation of net income (loss) to net cash used in operating activities:    
Depreciation expenses 98,624 100,441
Amortization of operating lease right-of-use lease assets 157,520 262,913
Deferred tax 736,868 (508,390)
Stock-based compensation 60,042 34,333
Inventory allowance 578,622 972,582
Changes in operating assets and liabilities:    
Accounts receivable 199,426 (384,775)
Inventory (15,383,373) (5,896,260)
Prepaid expenses and other current assets (254,418) (412,309)
Accounts payable 11,640,380 5,439,274
Credit cards payable (174,768) (412,770)
Accrued expenses and other current liabilities (922,149) (842,318)
Operating lease liabilities (153,270) (280,333)
Net cash used in operating activities (1,231,885) (3,947,280)
Cash flows from investing activities:    
Purchases of property and equipment (35,031) (14,024)
Net cash used in investing activities (35,031) (14,024)
Effect of changes in foreign currency exchange rates (22,998) (38,673)
Net change in cash (1,289,914) (3,999,977)
Cash at beginning of the period 2,484,153 4,562,589
Cash at end of the period 1,194,239 562,612
Supplemental disclosures of cash flow information:    
Cash paid for interest 15,266 172,964
Cash paid for income tax 210,811 362
Noncash investing and financing activities:    
Operating lease right-of-use of assets and operating lease liabilities recognized $ 248,917 $ 27,330