XML 181 R55.htm IDEA: XBRL DOCUMENT v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
6 Months Ended 7 Months Ended 12 Months Ended
Feb. 26, 2024
USD ($)
shares
Jan. 31, 2024
USD ($)
shares
Feb. 03, 2023
USD ($)
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2023
CNY (¥)
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Idle capacity expenses       $ 49,667        
Customer advance       303,898     $ 304,489   $ 189,193
Impairment of long lived assets             0   0
Revenue recognized             44,169   91,467
Employee social benefits             153,741   $ 81,888
Under payment taxes             $ 14,089 ¥ 100,000  
VAT Rate             13.00% 13.00% 13.00%
Provision for income taxes          
Earnings per share diluted | $ / shares       $ (0.06) $ (0.03)   $ (0.06)   $ (0.05)
Weighted average shares basic | shares       24,443,989 26,042,934   25,280,472 25,280,472 26,042,934
Earnings per share basic | $ / shares       $ (0.06) $ (0.03)   $ (0.06)   $ (0.05)
Cetus Capital Acquisition Corp [Member]                  
Cash       $ 181,795   $ 20,000 $ 320,971   $ 20,000
Cash equivalents       0   0 0   0
Cash held in trust       22,127,715   60,158,872  
Payments of stock issuance costs       $ 334,720 5,000 334,720    
Offering costs, temporary equity     $ 3,200,091            
Temporary equity     146,759 22,055,715   59,723,899  
Unrecognized tax benefits       0     0    
Provision for income taxes       $ 175,677 $ 210,730 $ 255,097    
Earnings per share diluted | $ / shares       $ (0.07) $ 0.06 $ (0.00) $ 0.01    
Cash FDIC insured amount       $ 250,000     $ 250,000    
Temporary equity, accretion value       $ 9,077,646     7,739,022    
Stock redeemed shares | shares 3,691,066 3,691,066              
Stock redeemed value $ 38,792,466 $ 38,792,466     $ (51,770,535)   (51,770,535)    
Offering costs           $ 216,185   $ 216,185
Weighted average shares basic | shares       4,976,522 6,320,746 1,250,000 6,980,877 6,980,877  
Earnings per share basic | $ / shares       $ (0.07) $ 0.06 $ (0.00) $ 0.01    
Cetus Capital Acquisition Corp [Member] | Common Class B [Member]                  
Weighted average shares basic | shares             187,500 187,500  
Cetus Capital Acquisition Corp [Member] | Common Stock [Member]                  
Earnings per share diluted | $ / shares       $ (0.10) $ 0.06        
Cetus Capital Acquisition Corp [Member] | Common Stock [Member] | Common Class B [Member]                  
Stock redeemed value              
Cetus Capital Acquisition Corp [Member] | IPO [Member]                  
Payments of stock issuance costs     3,752,350            
Cash underwriting fees     862,500            
Deferred underwriting fee     1,725,000            
Other offering costs     759,350            
Estimated fair value of Representative Shares     137,448            
Offering costs     $ 3,346,850