XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,232,117 $ 1,012,479
Accounts receivable 2,578,855 2,623,682
Investments in marketable securities 7,349,575 642,348
Investment in equity securities 300,000
Prepaid expenses 769,183 536,865
Current portion of long-term note receivable 100,000 100,000
Other current assets 177,381 234,761
Total current assets 12,250,963 5,494,893
Non-current assets:    
Accounts receivable, non-current 766,972
Property and equipment, net 663,447 763,730
Operating lease right-of-use assets 2,184,344 2,467,889
Intangible asset, net 4,037,500 4,515,625
Goodwill 3,276,441 3,276,441
Long-term investment in SAFE 350,000
Long-term investment in equity securities 300,000
Long-term investment in warrants 551,787 2,004,308
Deferred tax assets 392,617 369,436
Security deposits 336,117 348,428
Other non-current assets 15,812 71
Total non-current assets 13,221,391 14,128,874
Total assets 25,472,354 19,623,767
Current liabilities:    
Accrued payroll and other employee costs 633,514 723,305
Short-term debt 135,937
Current portion of long-term debts 462,121 371,783
Insurance premium financing 65,392
Factoring liability 305,472 562,767
Operating lease liabilities, current 382,594 396,535
Finance lease liabilities, current 17,375 17,445
Income tax payables 170,453 162,689
Deferred revenue 1,927,582 2,166,175
Total current liabilities 6,531,278 6,511,555
Non-current liabilities:    
Long-term debts 1,382,048 1,770,352
Operating lease liabilities, non-current 1,859,948 2,135,160
Finance lease liabilities, non-current 52,005 66,779
Deferred tax liabilities 1,130,500 1,264,375
Other non-current liabilities 200,818 208,732
Total non-current liabilities 4,625,319 5,445,398
Total liabilities 11,156,597 11,956,953
Shareholders’ equity:    
Preferred shares ($0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and December 31, 2023)
Common shares ($0.0001 par value, 200,000,000 shares authorized; 20,864,144 and 20,842,690 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) 2,085 2,083
Additional paid-in capital 18,997,059 19,594,801
Accumulated deficit (6,990,113) (14,763,469)
Accumulated other comprehensive income 392,397 331,881
Total HeartCore Enterprises, Inc. shareholders’ equity 12,401,428 5,165,296
Non-controlling interests 1,914,329 2,501,518
Total shareholders’ equity 14,315,757 7,666,814
Total liabilities and shareholders’ equity 25,472,354 19,623,767
Related Party [Member]    
Current assets:    
Due from related party 43,852 44,758
Non-current assets:    
Long-term loan receivable 146,354 182,946
Current liabilities:    
Accounts payable and accrued expenses 28,772
Other current liabilities 1,438 1,476
Nonrelated Party [Member]    
Non-current assets:    
Long-term loan receivable 200,000 200,000
Current liabilities:    
Accounts payable and accrued expenses 1,779,799 1,757,038
Other current liabilities $ 756,766 $ 216,405