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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net loss $ (5,162,454) $ (6,701,203) $ (8,167,154)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization of intangible assets 591,321 314,023 87,723
Depreciation of leasehold improvements and equipment and right of use assets 742,030 123,289 90,345
Gain on disposal of subsidiaries (825,153)
Provision for expected credit loss on accounts receivable 520,555
Impairment losses of other assets 44,827
Share-based compensation 1,266,890 1,973,454
Non-cash lease costs 128,266 191,385 249,749
Changes in operating assets and liabilities:      
Inventories 368,954 (385,598) (381,945)
Accounts receivable (8,109,852) (2,625,580) (104)
Prepaid expenses and other assets (4,782,202) (80,092) (48,753)
Operating lease liability (295,416) (177,779) (233,903)
Accounts payable 5,564,165 3,689,193 1,078,955
Deferred revenue 823,874 657,938 484,115
Other current liabilities 2,457,509 415,288 811,543
Amount due from/to related parties (7,288) (24,979) 61,003
Net Cash used in Operating Activities (7,160,538) (4,117,551) (3,994,972)
Cash Flows From Investing Activities:      
Purchase of intangible assets (890,377) (853,049) (459,198)
Purchase of leasehold improvements and equipment (698,282) (286,009) (156,570)
Purchase of a promissory note (3,000,000)
Net Cash used in Investing Activities (4,588,659) (1,139,058) (615,768)
Cash Flows From Financing Activities      
Disposal of subsidiaries (8,867)
Proceeds from issuance of ordinary shares 15,543,750 300,000
Proceeds from issuance of convertible notes 1,489,200 3,333,200
Proceeds from issuance of SAFE note 750,000
Increase in investment in subsidiary 8,426
Investment in subsidiaries by non-controlling interest
Proceeds from term loan 1,923,179 1,004,978
Repayment of loan payables (1,503,945) (945,528) (44,464)
Net Cash provided by Financing Activities 15,529,005 5,351,984 968,940
Effect of Exchange Rate Changes on Cash 59,576 (80,259) (74,893)
Net changes in cash 3,839,384 15,116 (3,716,693)
Cash at beginning of the period 1,554,464 1,539,348 5,256,041
Cash at end of the period 5,393,848 1,554,464 1,539,348
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 294,140 283,521 25,992
Cash paid for taxes
Supplemental Disclosure of Non-Cash Financing Activities:      
Conversion of convertible notes into ordinary shares 2,920,800
Conversion of SAFE note into ordinary shares $ 750,000