v3.25.1
Fair Value Information (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of Fair Value of Equity Consideration [Abstract]  
Schedule of the Related Information of Natures of the Assets and Liabilities The related information of nature of the assets and liabilities is as follows:
December 31, 2024  Level 1   Level 2   Level 3   Total 
Assets                
Recurring fair value measurements                
Financial assets at fair value through profit or loss                
Investment in a rent-a-captive company  $
-
   $
      -
   $1,000   $1,000 
                     
Liabilities                    
Recurring fair value measurements                    
Financial liabilities at fair value through profit or loss                    
Warrant liabilities  $910,263   $
-
   $19,172,009   $20,082,272 
December 31, 2023  Level 1   Level 2   Level 3   Total 
Assets                
Recurring fair value measurements                
Financial assets at fair value through profit or loss                
Investment in a rent-a-captive company  $
-
   $
       -
   $995,101   $995,101 
                     
Liabilities                    
Recurring fair value measurements                    
Financial liabilities at fair value through profit or loss                    
Warrant liabilities  $287,482   $
-
   $5,934,000   $6,221,482 
Convertible preference share liabilities   
-
    
-
    7,767,238    7,767,238 
   $287,482   $
-
   $13,701,238   $13,988,720 
Schedule of Qualitative Information of Significant Unobservable Inputs and Sensitivity Analysis The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:
    Fair value at
December 31,
2024		     Valuation
technique		   Significant
unobservable
input		   Range
(weighted
average)		     Relationship of inputs to
fair value
Investment in a rent-a-captive company   $ 1,000     Net asset value   Not applicable     Not applicable     Not applicable
                             
Warrant liabilities   $ 19,172,009     Black-Scholes Model    Risk free rate-series A     4.37 %   The higher the risk free rate, the higher the fair value
                Risk free rate-series B     4.40 %   The higher the risk free rate, the higher the fair value
                Price volatility - series A     119.07 %   No certain positive and negative relationship between stock price volatility and fair value
                Price volatility -series B     119.07 %   No certain positive and negative relationship between stock price volatility and fair value
                Dividend yield     0.00 %   The higher the dividend rate, the lower the fair value

 

    Fair value at
December 31,
2023		     Valuation
technique		   Significant
unobservable
input		   Range
(weighted
average)		     Relationship of inputs to
fair value
Investment in a rent-a-captive company   $ 995,101     Net asset value   Not applicable     Not applicable     Not applicable
                             
Warrant liabilities   $ 5,934,000     Black-Scholes Model   Risk free rate     3.90 %   The higher the risk free rate, the higher the fair value
                Price volatility     93.45 %   No certain positive and negative relationship between stock price volatility and fair value
                Dividend yield     0.00 %   The higher the dividend rate, the lower the fair value
                             
Convertible preference share liabilities   $ 7,767,238    

Option Pricing Model

   Risk free rate     3.90 %   The higher the risk free rate, the higher the fair value
                Price volatility     93.23 %   No certain positive and negative relationship between stock price volatility and fair value
                Dividend yield     0.00 %   The higher the dividend rate, the lower the fair value