v3.24.3
Consolidated Statements of Changes in Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from (used in) operating activities [abstract]          
Cash generated from operating activities $ (4,007,152) $ (5,584,883) $ (8,923,630) $ (5,376,735) $ (6,108,644)
Interest received 31 186 349 2,837 65
Interest paid (612,417) (765,118) (1,549,640) (755,650) (1,040,473)
Income taxes benefit (1,037) (1,164) (6,344) 629,544 2,160,306
Cash flows from operating activities (4,620,575) (6,350,979) (10,479,265) (5,500,004) (4,988,746)
Cash flows from (used in) investing activities [abstract]          
Proceeds from short term loans 0 1,159,356 404,461 4,787,148 10,398,441
Proceeds from sales of property, plant and equipment     4,593 0 15,878
Decrease in deposits 29,985 383,355 610,295 15,480 682,789
Proceeds from sales of non-current financial assets     0 0 325,626
Proceeds from investing activities 29,985 1,542,711   4,802,628 11,422,734
Increase in short-term loan 0 (1,782,646)   (4,433,863) (5,440,400)
Acquisition of investments in affiliates     0 (1,423,701) 0
Acquisition of property plant and equipment (13,682) (161,774) (191,215) 0 (181,408)
Acquisition of intangible assets (903) 0 (15,309) 0 (160,849)
Increase in deposit (7,404) (22,474) (33,886) (47,394) (442,753)
Cash outflows from investing activities (21,989) (1,966,894)   (5,904,958) (6,225,410)
Cash flows from investing activities 7,996 (424,183) 297,910 (1,102,330) 5,197,324
Cash flows from (used in) financing activities [abstract]          
Proceeds from short-term borrowings 2,460,555 15,032,478   13,074,687 6,273,360
Proceeds from long-term borrowings 556,507 185,372 240,180 4,257,002 179,854
Proceeds from issuance of CB 2,425,000 1,867,458      
Proceeds from disposal of stocks 1,675,000 810,557 0 764,712 0
Fluctuations in convertible bonds     1,852,435 157,699 0
Proceeds from issuance of stocks       907,129 2,619,890
Funds acquired on reverse acquisition     3,004,613 0 0
Proceeds from financing activities 7,117,062 17,895,865 19,677,641 19,161,229 9,073,104
Repayments of short-term borrowings (1,883,000) (10,315,394)   (9,056,738) (1,064,873)
Repayments of liquid long-term borrowings (296,149) (694,511)   (1,282,529) (7,499,098)
Acquisition of own stocks     0 (1,735,614) 0
Decrease in deposits for rent     0 (116,100) (8,733)
Repayments of current portion of long-term borrowings     (327,627) 0 (397,235)
Repayments of lease (124,384) (116,502) (247,419) (231,156) (228,280)
Increase in other deposits 0 (68,007)      
Increase in Leasehold deposits     (67,460) (137,994) 0
Cash outflows from financing activities (2,303,533) (11,194,414) (9,165,617) (12,560,131) (9,198,219)
Cash flows from financing activities 4,813,529 6,701,451 10,512,024 6,601,098 (125,115)
Effects of changes in foreign exchange rates (10,377) (49,291) (50,581) (41,479) (18,934)
Increase (Decrease) in cash and cash equivalents 190,573 (123,002) 280,088 (42,715) 64,529
Beginning balance of cash and cash equivalent 476,715 196,627 196,627 239,342 174,813
Ending balance of cash and cash equivalent $ 667,288 $ 73,625 476,715 $ 196,627 $ 239,342
Previously Reported [Member]          
Cash flows from (used in) investing activities [abstract]          
Proceeds from investing activities     1,019,349    
Increase in short-term loan     (481,029)    
Cash outflows from investing activities     (721,439)    
Cash flows from (used in) financing activities [abstract]          
Proceeds from short-term borrowings     13,776,408    
Proceeds from issuance of stocks     804,005    
Repayments of short-term borrowings     (8,523,111)    
Repayments of liquid long-term borrowings     $ 0