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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net loss $ (10,503,700) $ (4,680,200) $ (9,298,200)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 4,599,000 111,100
Share-based compensation for employees 1,355,800 53,000
Share-based compensation for a non-employee 146,400 237,700
Gain of digital assets from revenues (14,300) (47,800) (328,600)
(Gain) loss from exchange of digital assets (24,600) 900
Changes in fair value of digital assets (2,238,700) (1,721,900)
Interest income from loans receivable due from a related party (16,000)    
Share of equity loss in an equity method investee 19,200 75,200
Loss from dissolution of subsidiaries 1,033,100
Changes in fair value of trading securities 36,400
Impairment of intangible assets 888,900
Impairment of digital assets 78,900
Impairment of long-term investments 770,800
Impairment of goodwill 4,688,600
Deferred tax benefits (277,000)
Gain from reversal of accounts and other payables (1,478,800)
Changes in operating assets and liabilities:      
Stable coins 1,500,000 821,000
Digital assets 12,307,100
Accounts receivable (99,300)
Prepaid expenses and other assets (2,300,700)
Current content assets, net (4,555,200) 324,400 (116,200)
Taxes receivable 1,095,600 139,600
Accounts payable 957,100    
Contract liabilities 1,700,500
Income taxes payable 1,600 124,200 4,800
Other current liabilities and accrued expenses 756,800 557,400 (1,419,700)
Net cash provided by (used in) operating activities 4,121,200 (3,001,400) (5,855,600)
Investing activities:      
Purchases of digital assets (3,146,600) (46,300)
Purchases of stable coins (610,000) (139,900)
Investment in equity investees (500,000) (1,546,000)
Loans made to a related party (850,000)
Investment in trading securities (267,800)
Redemption of investments in trading securities 224,400
Proceeds paid to acquire a subsidiary under common control (10,000)
Acquisition of net assets of a subsidiary 118,300 3,800
Net cash used in investing activities (1,885,100) (4,832,500) (52,500)
Financing activities:      
Subscription fee advanced from investors 3,504,900 2,280,100 3,441,000
Proceeds from issuance of common stocks pursuant to private placements 1,420,000 2,350,000
Capital injection from a non-controlling shareholder 88,900
Capital withdrawal by a non-controlling shareholder (88,900)
Net cash provided by financing activities 3,504,900 3,700,100 5,791,000
Net increase (decrease) in cash and cash equivalents 5,741,000 (4,133,800) (117,100)
Cash, cash equivalents, beginning of year 3,129,800 7,263,600 7,380,700
Cash, cash equivalents, end of year 8,870,800 3,129,800 7,263,600
Supplemental Cash Flow Information      
Payment of interest expenses 120,000
Payment of income tax expenses
Non-cash Investing and Financing activities      
Subscription fee advanced from investors in the form of USDC and USDT 2,675,000 475,000 1,743,000
Proceeds from private placements in the form of USDC 2,050,000
Issuance of common stocks to settle subscription fee advanced from investors $ 2,755,100 $ 6,604,000