v3.25.1
Business Combinations - Schedule of Consideration Transferred for Acquisition (Details) - USD ($)
Sep. 01, 2024
May 25, 2023
Acquisition of MG [Member]    
Purchase consideration    
Equity instruments   $ 70,629,011
Cash and cash equivalents   1,903,424
Accounts receivables and notes receivables   2,633,089
Other receivables   130,238
Inventories   130,150
Prepayments   373,905
Property, plant and equipment, net   525,791
Right-of-use assets   6,371,979
Intangible assets   30,960,827
Non-current financial assets at fair value through profit or loss   40,654
Non-current financial assets at fair value through other comprehensive income   118,400
Deferred tax assets   403,458
Other non-current assets   729,435
Short-term borrowings   (3,239,093)
Contract liabilities   (367,500)
Accounts payable   (915,805)
Income tax payable   (10,207)
Other payables   (697,286)
Other current liabilities   (742,761)
Bonds payable   (469,476)
Long-term borrowings   (210,333)
Lease liabilities   (6,098,825)
Deferred tax liabilities   (10,500,374)
Provision   (667,522)
Other non-current liabilities   (842,610)
Fair value of identifiable net assets   19,559,558
Transfer considerations   70,629,011
Less: Fair value of identifiable net assets   (19,559,558)
Goodwill   $ 51,069,453
Dragon Marketing [Member]    
Purchase consideration    
Equity instruments $ 4,625,055  
Cash and cash equivalents 1,552,346  
Contract Assets 61,278  
Accounts receivables 78,816  
Other receivables 643,607  
Prepayments 303,398  
Investment Properties 2,437,957  
Intangibles assets 474,852  
Contract liabilities (45,762)  
Other payables (98,791)  
Other current liabilities (2,355,122)  
Long-term borrowings (269,437)  
Deferred tax liabilities (101,812)  
Other non-current liabilities (125)  
Fair value of identifiable net assets 2,681,205  
Transfer considerations 4,625,055  
Less: Fair value of identifiable net assets (2,681,205)  
Goodwill $ 1,943,850