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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net loss $ (6,775,419) $ (5,162,454) $ (6,701,203)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization of intangible assets 737,842 591,321 314,023
Depreciation of leasehold improvements and equipment and right of use assets 995,003 742,030 123,289
Gain on disposal of subsidiaries (825,153)
Provision for expected credit loss on accounts receivable 128,098 520,555 44,827
Provision for expected credit loss on note receivable 263,992
Provision for expected credit loss on prepaid expenses and other assets 150,000
Share-based compensation 630,000 1,266,890
Non-cash lease costs 148,921 128,266 191,385
Interest income (1,204,839)
Changes in operating assets and liabilities:      
Inventories 615,492 368,954 (385,598)
Accounts receivable 5,806,862 (8,109,852) (2,625,580)
Prepaid expenses and other assets (951,484) (4,782,202) (80,092)
Operating lease liability (599,701) (295,416) (177,779)
Accounts payable (4,956,091) 5,564,165 3,689,193
Deferred revenue 492,575 823,874 657,938
Other current liabilities (2,441,616) 2,457,509 415,288
Amount due from/to related parties (26,836) (7,288) (24,979)
Net Cash used in Operating Activities (6,987,201) (7,160,538) (4,117,551)
Cash Flows From Investing Activities:      
Purchase of intangible assets (596,469) (890,377) (853,049)
Purchase of leasehold improvements and equipment (347,902) (698,282) (286,009)
Purchase of a promissory note   (3,000,000)
Net Cash used in Investing Activities (944,371) (4,588,659) (1,139,058)
Cash Flows From Financing Activities      
Disposal of subsidiaries (8,867)
Proceeds from issuance of ordinary shares 5,035,670 15,543,750 300,000
Proceeds from issuance of convertible notes 2,000,000 1,489,200 3,333,200
Proceeds from issuance of SAFE note 750,000
Proceeds from term loan 521,730 1,923,179
Repayment of loan payables (1,217,823) (1,503,945) (945,528)
Net Cash provided by Financing Activities 6,339,577 15,529,005 5,351,984
Effect of Exchange Rate Changes on Cash 346,426 59,576 (80,259)
Net changes in cash (1,245,569) 3,839,384 15,116
Cash at beginning of the year 5,393,848 1,554,464 1,539,348
Cash at end of the year 4,148,279 5,393,848 1,554,464
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 467,633 294,140 283,521
Cash paid for taxes
Supplemental Disclosure of Non-Cash Financing Activities:      
Conversion of convertible notes into ordinary shares 1,300,000 2,920,800
Conversion of SAFE note into ordinary shares $ 750,000