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SCHEDULE OF PREPAID EXPENSES (Details) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Payables and Accruals [Abstract]    
Prepayment to vendors $ 7,398,181 $ 5,784,530
Deferred IPO Costs [1] 1,282,570
Advances to employees [2] 53,393 29,380
Others [3] 376,684 210,998
Prepaid expenses and other current assets $ 7,828,258 $ 7,307,478
[1] The balance represented the incremental costs incurred for the IPO, which was deducted from the proceeds of the IPO upon the completion of the IPO.
[2] The balance represented advances that the Company’s subsidiaries have advanced to non-director/officer employees. The advance is interest-free.
[3] The balance primarily represented a deductible VAT input tax of $