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SCHEDULE OF PREPAYMENT AND OTHER CURRENT ASSETS (Details) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Prepaid Expenses And Other Current Assets Net      
Loan to a third party $ 906,356 [1] $ 581,229 [1],[2] [2]
Deductible input VAT 179,891 225,735 103,753
Advance to suppliers 21,467 20,682 18,376
Prepaid expense 405 13,073 14,645
Advance to employee 186 109 20,844
Deposit 34,291
Total $ 1,108,305 $ 875,119 $ 157,618
[1] On November 1, 2023, MKD BVI lent US$575,000 to Cetus Sponsor LLC with an annual interest of 6.5%. The loan is used to pay the application fee for the extension of business combination between the Company and Cetus Capital and shall be repaid on the earlier of i) the date on which the Cetus Capital consummates an initial business combination with a target business, and ii) May 2, 2024. The Company is currently negotiating with Cetus Sponsor LLC to postpone the repayment date of the loan to December 31, 2025.
[2] On November 1, 2023, MKD BVI lent US$575,000 to Cetus Sponsor LLC with an annual interest of 6.5%. The loan is used to pay the application fee for the extension of business combination between the Company and Cetus Capital Acquisition Corp. (“Cetus Capital”) and shall be repaid on the earlier of i) the date on which the Cetus Capital consummates an initial business combination with a target business, and ii) May 2, 2024. The Company is currently negotiating with Cetus Sponsor LLC to postpone the repayment date of the loan to December 31, 2025.