Condensed Financial Information of the Parent Company (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Condensed Financial Information of the Parent Company [Abstract] |
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| Schedule of Parent Company Balance Sheet |
PARENT COMPANY BALANCE SHEETS
| | |
December 31,
2024 | | |
December 31,
2023 | |
| ASSETS | |
| | |
| |
| Cash and cash equivalents | |
$ | 1,088,565 | | |
$ | 150,071 | |
| Short-term investment | |
| 4,040,000 | | |
| 5,241,677 | |
| Other current assets | |
| 54,383 | | |
| 143,208 | |
| Due from subsidiaries, VIE and VIE’s subsidiaries | |
| 12,247,807 | | |
| 7,948,307 | |
| Investment in subsidiaries, VIE and VIE’s subsidiaries | |
| 5,113,612 | | |
| 5,756,419 | |
| Total Assets | |
$ | 22,544,367 | | |
$ | 19,239,682 | |
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| | | |
| | |
| LIABILITIES AND EQUITY | |
| | | |
| | |
| Total Liabilities | |
$ | - | | |
$ | - | |
| | |
| | | |
| | |
| Commitments and Contingencies | |
| | | |
| | |
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| | | |
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| Shareholders’ Equity | |
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| | |
| Class A Ordinary Share (par value $0.001 per share, 450,000,000 shares authorized; 24,839,131 and 2,054,943* shares issued and outstanding on December 31, 2024 and 2023, respectively) | |
| 24,840 | | |
| 2,056 | |
| Class B Ordinary Share (par value $0.001 per share, 50,000,000 shares authorized; 549,772 and 549,772* shares issued and outstanding on December 31, 2024 and 2023, respectively) | |
| 550 | | |
| 550 | |
| Additional paid-in capital | |
| 29,059,063 | | |
| 25,133,933 | |
| Accumulated deficit | |
| (6,540,086 | ) | |
| (5,896,857 | ) |
| Total Shareholders’ Equity | |
| 22,544,367 | | |
| 19,239,682 | |
| Total Liabilities and Shareholders’ Equity | |
$ | 22,544,367 | | |
$ | 19,239,682 | |
| * | Retrospectively restated for the effect of share consolidation (see Note 18). |
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| Schedule of Parent Company Statements of Operations and Comprehensive (Loss) Income |
PARENT COMPANY STATEMENTS OF OPERATIONS
| | |
For the Years Ended
December 31, | |
| | |
2024 | | |
2023 | | |
2022 | |
| Equity in loss of subsidiaries | |
$ | (642,807 | ) | |
$ | (11,440,721 | ) | |
$ | (2,919,423 | ) |
| General and administrative expenses | |
| (192,233 | ) | |
| (82,620 | ) | |
| (23,193 | ) |
| Interest income | |
| 191,811 | | |
| 187,430 | | |
| 1,725 | |
| Net Loss | |
$ | (643,229 | ) | |
| (11,335,911 | ) | |
| (2,940,891 | ) |
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| Schedule of Parent Company Statements of Cash Flows |
PARENT COMPANY STATEMENTS OF CASH FLOWS
| | |
For the Years Ended
December 31, | |
| | |
2024 | | |
2023 | | |
2022 | |
| Cash Flows from Operating Activities: | |
| | |
| | |
| |
| Net Cash Provided by (Used in) Operating Activities | |
$ | 198,117 | | |
$ | (193,778 | ) | |
$ | 139,309 | |
| | |
| | | |
| | | |
| | |
| Cash Flows from Investing Activities: | |
| | | |
| | | |
| | |
| Proceeds from redemption of short-term investments | |
| 10,269,677 | | |
| - | | |
| - | |
| Investments in short-term investments | |
| (9,068,000 | ) | |
| (5,241,677 | ) | |
| - | |
| Loans (made to) repaid from subsidiaries, VIE and VIE’s subsidiaries | |
| (4,299,500 | ) | |
| 1,475,310 | | |
| (1,638,455 | ) |
| Net Cash Used in Investing Activities | |
| (3,097,823 | ) | |
| (3,766,367 | ) | |
| (1,638,455 | ) |
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| Cash Flows from Financing Activities: | |
| | | |
| | | |
| | |
| Proceeds from issuance of common stocks in connection with direct offering, net off issuance cost | |
| 3,838,200 | | |
| - | | |
| 1,850,744 | |
| Net Cash Provided by Financing Activities | |
| 3,838,200 | | |
| - | | |
| 1,850,744 | |
| | |
| | | |
| | | |
| | |
| Net increase (decrease) in cash and cash equivalents | |
| 938,494 | | |
| (3,960,145 | ) | |
| 351,598 | |
| Cash and cash equivalents at beginning of year | |
| 150,071 | | |
| 4,110,216 | | |
| 3,758,618 | |
| Cash and cash equivalents at end of year | |
$ | 1,088,565 | | |
$ | 150,071 | | |
$ | 4,110,216 | |
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