X3 (XTKG) 20-F30 Apr 242023 FY Annual report (foreign)Financial data

Company Profile

Document And Entity Information

Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2023 shares
Document Information Line Items
Entity Registrant Name	X3 HOLDINGS CO., LTD.
Trading Symbol	XTKG
Document Type	20-F
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001754323
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-38851
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Suite 412, Tower A,
Entity Address, Address Line Two	Tai Seng Exchange
Entity Address, Address Line Three	One Tai Seng Avenue
Entity Address, Country	SG
Entity Address, City or Town	Singapore
Entity Address, Postal Zip Code	536464
Title of 12(b) Security	ordinary shares, par value $0.40
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Auditor Name	OneStop Assurance PAC
Auditor Location	Singapore
Auditor Firm ID	6732
Business Contact
Document Information Line Items
Entity Address, Address Line One	Suite 412
Entity Address, Address Line Two	Tower A
Entity Address, Address Line Three	Tai Seng ExchangeOne Tai Seng Avenue
Entity Address, Country	SG
Entity Address, City or Town	Singapore
Entity Address, Postal Zip Code	536464
Contact Personnel Name	Stewart Lor
City Area Code	+65
Local Phone Number	8038.6502
Contact Personnel Email Address	ir@x3holdings.com
Class A Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	259,464,169
Class B Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	243,902

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalent		$ 2,991,563	$ 9,380,322
Restricted cash		1,723,937
Accounts receivable, net		21,487,053	14,814,583
Notes receivable		28,169	13,049
Loan receivable, net		1,037,304	59,612,192
Prepayments, deposits and other current assets, net		2,434,714	1,447,752
Total Current Assets		31,067,719	87,408,491
Property and equipment, net		5,902,949	5,833,918
Intangible assets, net		35,032,450	5,162,724
Prepayments, deposits and other assets		76,274,752	226,544
Long term investments		11,272,965	30,764,195
Goodwill		15,031,608
Right-of-use assets-operating lease		357,007	211,585
Deferred tax assets		1,019,173	980,653
Total Assets		175,958,623	130,588,110
CURRENT LIABILITIES:
Bank loans		3,943,718	2,609,755
Accounts payable		18,567,993	12,815,532
Convertible notes		5,020,633	9,079,966
Deferred revenue		2,175,896	1,376,998
Loan from third parties		552,108
Accrued expenses and other current liabilities		1,086,194	1,733,181
Due to related party		40,208	118,114
Taxes payable		180,442	110,843
Operating lease liabilities -current		260,728	91,587
Total Current Liabilities		31,827,920	27,935,976
Operating lease liabilities -non-current		109,956	101,992
Total Liabilities		31,937,876	28,037,968
COMMITMENTS AND CONTINGENCIES
EQUITY:
Additional Paid-in Capital		243,197,192	164,753,623
Subscription receivable		(40,500,000)
Accumulated deficit		(168,679,873)	(59,081,432)
Accumulated other comprehensive loss		(5,062,516)	(3,333,541)
Total X3 Holdings Co., Ltd.’s Shareholders’ Equity		132,838,032	102,813,649
Non-controlling interest		11,182,715	(263,507)
Total Equity		144,020,747	102,550,142
Total Liabilities and Equity		175,958,623	130,588,110
Class A Common Shares
EQUITY:
Common shares value	[1]	103,785,668	474,999
Class B Common Shares
EQUITY:
Common shares value	[1]	97,561
Related Party
CURRENT ASSETS:
Due from related parties, net		1,364,979	2,140,593
CURRENT LIABILITIES:
Due to related party		$ 40,208	$ 118,114

[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares		Dec. 31, 2023	Dec. 31, 2022
Class A Common Shares
Common shares, par value (in Dollars per share)	[1]	$ 0.4	$ 0.4
Common shares, shares authorized	[1]	4,980,000,000	4,980,000,000
Common shares, shares issued	[1]	259,464,169	1,187,498
Common shares, shares outstanding	[1]	259,464,169	1,187,498
Class B Common Shares
Common shares, par value (in Dollars per share)	[1]	$ 0.4	$ 0.4
Common shares, shares authorized	[1]	20,000,000	20,000,000
Common shares, shares issued	[1]	243,902
Common shares, shares outstanding	[1]	243,902

[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES:
Total revenues		$ 16,824,823	$ 10,482,809	$ 32,092,828
COST OF REVENUES
Total cost of revenues		13,404,627	6,715,388	21,377,515
GROSS PROFIT		3,420,196	3,767,421	10,715,313
OPERATING EXPENSES
Sales and marketing		1,480,732	1,956,811	2,775,526
General and administrative		12,130,707	7,732,287	6,004,186
Provision for doubtful accounts		539,284	4,733,183	1,100,606
Research and development		4,814,463	3,459,987	2,611,742
Share based compensation		6,058,117	5,983,907	6,335,246
Impairment for intangible assets		2,272,829
Impairment for goodwill		29,686,102
Total operating expenses		56,982,234	23,866,175	18,827,306
OPERATING LOSS		(53,562,038)	(20,098,754)	(8,111,993)
OTHER INCOME (EXPENSE)
(Loss) gain from disposition of subsidiaries			(1,009)	714
Gain from equity investment		70,947
Change in fair value of convertible notes		(21,166)	(2,448,936)	(1,508,229)
Gain from fair value change in equity investments		2,402,943
Fair value loss on financial instruments		(71,006,115)
Other (expense) income		(169,107)	608	(36,881)
Total other expense		(68,722,498)	(2,449,337)	(1,544,396)
LOSS BEFORE INCOME TAXES		(122,284,536)	(22,548,091)	(9,656,389)
INCOME TAX BENEFIT		(57,341)	(999,391)	(173,941)
NET LOSS		(122,227,195)	(21,548,700)	(9,482,448)
Less: loss attributable to non-controlling interests		(12,628,754)	(43,102)	(141,106)
NET LOSS ATTRIBUTABLE TO X3 HOLDINGS CO., LTD.		(109,598,441)	(21,505,598)	(9,341,342)
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment		(1,715,719)	(6,012,211)	1,880,131
COMPREHENSIVE LOSS		(123,942,914)	(27,560,911)	(7,602,317)
Less: comprehensive loss attributable to non-controlling interest		(12,615,498)	(22,888)	(145,516)
COMPREHENSIVE LOSS ATTRIBUTABLE TO X3 HOLDINGS CO., LTD.		$ (111,327,416)	$ (27,538,023)	$ (7,456,801)
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES *
Basic (in Shares)	[1]	30,743,188	454,434	205,268
LOSS PER SHARE
Basic (in Dollars per share)		$ (3.56)	$ (47.32)	$ (45.51)
Application development services
REVENUES:
Total revenues		$ 9,780,115	$ 3,847,199	$ 20,323,422
Consulting and technical support services
REVENUES:
Total revenues		3,609,158	2,538,500	4,555,352
Subscription services
REVENUES:
Total revenues		695,010	758,526	936,913
Trading revenue
REVENUES:
Total revenues		2,549,808	3,338,584	6,277,141
Others revenue
REVENUES:
Total revenues		190,732
Cost of application development services
COST OF REVENUES
Total cost of revenues		9,236,901	2,443,460	12,785,491
Cost of consulting and technical support services
COST OF REVENUES
Total cost of revenues		1,404,193	983,700	2,198,310
Cost of subscription services
COST OF REVENUES
Total cost of revenues		102,573	104,499	156,113
Cost of trading revenue
COST OF REVENUES
Total cost of revenues		2,504,352	3,183,729	6,237,601
Cost of others revenue
COST OF REVENUES
Total cost of revenues		$ 156,608

[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Parentheticals) - $ / shares		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Diluted	[1]	30,743,188	454,434	205,268
Diluted		$ (3.56)	$ (47.32)	$ (45.51)

[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)		Class A Ordinary shares		Class B Ordinary shares		Additional Paid-in Capital	Subscription Receivable	Accumulated Deficit	Non-controlling Interest	Accumulated Other Comprehensive Loss	Total
Balance Beginning at Dec. 31, 2020		$ 76,277	[1]		[1]	$ 100,149,416		$ (28,234,492)	$ (112,027)	$ 814,343	$ 72,693,517
Balance Beginning (in Shares) at Dec. 31, 2020	[1]	190,714
Issuance shares at the market offering		$ 2,711	[1]		[1]	5,125,766					5,128,477
Issuance shares at the market offering (in Shares)	[1]	6,776
Conversion of convertible loans		$ 7,886	[1]		[1]	6,335,286					6,343,172
Conversion of convertible loans (in Shares)	[1]	19,712
Issuance of shares for services		$ 1,035	[1]		[1]	460,645					461,680
Issuance of shares for services (in Shares)	[1]	2,588
Options granted			[1]		[1]	5,873,566					5,873,566
Issuance of shares for options exercised		$ 40	[1]		[1]	$ (40)
Issuance of shares for options exercised (in Shares)	[1]	100
Issuance of reserve shares (in Shares)		6,692	[1]		[1]	(6,692)
Issuance of reserve shares (in Shares)	[1]	16,729
Capital contribution by non-controlling shareholder			[1]		[1]				$ 247		$ 247
Net loss for the year			[1]		[1]			(9,341,342)	(141,106)		(9,482,448)
Foreign currency translation adjustment			[1]		[1]				(4,410)	1,884,541	1,880,131
Balance Ending at Dec. 31, 2021		$ 94,641	[1]		[1]	117,937,947		(37,575,834)	(257,296)	2,698,884	82,898,342
Balance Ending (in Shares) at Dec. 31, 2021	[1]	236,619
Issuance shares at the market offering		$ 95	[1]		[1]	56,354					56,449
Issuance shares at the market offering (in Shares)	[1]	237
Issuance of shares for private placement		$ 66,891	[1]		[1]	6,963,628					7,030,519
Issuance of shares for private placement (in Shares)	[1]	167,225
Issuance shares for acquisitions		$ 256,079	[1]		[1]	30,073,156					30,329,235
Issuance shares for acquisitions (in Shares)	[1]	640,186
Disposition of a subsidiary			[1]		[1]				16,677		16,677
Conversion of convertible loans		$ 33,186	[1]		[1]	3,762,738					3,795,924
Conversion of convertible loans (in Shares)	[1]	82,965
Issuance of shares for services		$ 20,079	[1]		[1]	2,627,376					2,647,455
Issuance of shares for services (in Shares)	[1]	50,197
Options granted			[1]		[1]	$ 3,336,452					$ 3,336,452
Issuance of reserve shares (in Shares)		4,028	[1]		[1]	(4,028)
Issuance of reserve shares (in Shares)	[1]	10,069
Net loss for the year			[1]		[1]			$ (21,505,598)	$ (43,102)		$ (21,548,700)
Foreign currency translation adjustment			[1]		[1]				20,214	(6,032,425)	(6,012,211)
Balance Ending at Dec. 31, 2022		$ 474,999	[1]		[1]	164,753,623		(59,081,432)	(263,507)	(3,333,541)	102,550,142
Balance Ending (in Shares) at Dec. 31, 2022	[1]	1,187,498
Issuance of shares for private placement		$ 52,817,771	[1]		[1]	(3,780,052)	(40,500,000)				8,537,719
Issuance of shares for private placement (in Shares)	[1]	132,044,426
Issuance shares for acquisitions		$ 652,247	[1]		[1]	36,066,490					36,718,737
Issuance shares for acquisitions (in Shares)	[1]	1,630,616
Conversion of convertible loans		$ 44,751	[1]		[1]	3,083,702					3,128,453
Conversion of convertible loans (in Shares)	[1]	111,875
Issuance shares as prepayment for potential acquisition		$ 279,320	[1]		[1]	15,626,866					15,906,186
Issuance shares as prepayment for potential acquisition (in Shares)	[1]	698,301
Split shares		$ (342)	[1]		[1]	(3,185)					(3,527)
Split shares (in Shares)	[1]	(855)
Non-controlling interests recognized from step acquisitions			[1]		[1]				23,946,670		23,946,670
Put options compensations		$ 49,011,985	[1]		[1]	21,994,129					71,006,114
Put options compensations (in Shares)	[1]	122,529,965
Transfer Class A to Class B		$ (97,561)	[1]	$ 97,561	[1]
Transfer Class A to Class B (in Shares)	[1]	(243,902)		243,902
Issuance of shares for services		$ 602,498	[1]		[1]	5,455,619					6,058,117
Issuance of shares for services (in Shares)	[1]	1,506,245
Capital contribution by non-controlling shareholder			[1]		[1]				115,050		115,050
Net loss for the year			[1]		[1]			(109,598,441)	(12,628,754)		(122,227,195)
Foreign currency translation adjustment			[1]		[1]				13,256	(1,728,975)	(1,715,719)
Balance Ending at Dec. 31, 2023		$ 103,785,668	[1]	$ 97,561	[1]	$ 243,197,192	$ (40,500,000)	$ (168,679,873)	$ 11,182,715	$ (5,062,516)	$ 144,020,747
Balance Ending (in Shares) at Dec. 31, 2023	[1]	259,464,169		243,902

[1] Retroactively restated for one-for-eight reverse split with effective date of September 22, 2023.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (122,227,195)	$ (21,548,700)	$ (9,482,448)
Adjustments to reconcile net loss from operations to net cash used in operating activities:
Depreciation and amortization	5,458,596	2,163,197	2,016,719
Provision for credit losses	539,284	4,733,183	1,100,606
Share based compensation	6,058,117	5,983,907	6,335,246
Loss from disposal of property and equipment	188	104,091	4,661
Deferred tax benefit	(66,695)	(435,741)	(174,076)
Gain from fair value change in equity investments	(2,402,943)
Fair value loss on financial instruments	71,006,115
Gain from long term investment	(70,947)
Impairment for goodwill	29,686,102
Impairment for intangible assets	2,272,829
Change in fair value of convertible debt	21,166	2,448,936	1,508,229
Accrued interest of convertible debt	297,954	195,139	226,775
Loss (gain) from disposition of a subsidiary		1,009	(714)
Amortization of right-of-use assets-operating lease	172,435	45,381
Changes in assets and liabilities:
Notes receivable	(15,535)	(13,375)
Accounts receivable	(6,409,095)	2,980,772	(10,459,509)
Contract costs			4,088,073
Prepayments, deposits and other assets	(1,513,880)	581,031	(70,480)
Accounts payable	6,076,903	(6,150,415)	(4,444,198)
Accounts payable-related party		(695,373)	725,362
Accrued expenses and other current liabilities	(783,861)	999,500	(1,359,673)
Taxes payable	58,266	(578,597)	15,089
Deferred revenue	830,574	(406,833)	208,952
Operating lease liabilities	(141,183)	(63,837)
NET CASH USED IN OPERATING ACTIVITIES	(11,152,805)	(9,656,725)	(9,761,386)
CASH FLOWS FROM INVESTING ACTIVITIES:
(Loans to) repayment from third parties	(1,320,203)	4,039,454	1,653,246
Purchases of property and equipment	(679,146)	(2,625,731)	(2,097,163)
Purchases of intangible assets	(1,240,041)	(1,247,824)	(2,797,400)
Proceeds from disposal of property and equipment	59	45,670	1,907
Payment for long-term investment		(445,831)
Payments to related parties	(600,000)	(580,958)	(827,025)
Proceeds from related parties	1,350,425
Net cash arising from business combination	58,048
NET CASH USED IN INVESTING ACTIVITIES	(2,430,858)	(815,220)	(4,066,435)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank loans	3,954,300	3,715,262	4,340,547
Repayments of bank loans	(2,542,050)	(5,201,367)	(4,650,586)
Proceeds from private placement and market offering	8,537,719	7,027,254	5,128,477
Split shares	(3,527)
(Payment to) proceeds from issuance of convertible note	(1,250,000)	7,979,983	6,860,000
Proceeds from (payments to) related parties	40,484	(90,910)	145,552
Loan from (repayment to) third party	552,108	(445,831)	465,059
Capital contribution by non-controlling shareholder			247
NET CASH PROVIDE BY FINANCING ACTIVITIES	9,289,034	12,984,391	12,289,296
EFFECT OF EXCHANGE RATE CHANGES	(370,193)	(188,372)	205,069
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENT AND RESTRICTED CASH	(4,664,822)	2,324,074	(1,333,456)
CASH, CASH EQUIVALENT AND RESTRICTED CASH - beginning of year	9,380,322	7,056,248	8,389,704
CASH, CASH EQUIVALENT AND RESTRICTED CASH - end of year	4,715,500	9,380,322	7,056,248
Cash paid for:
Interest	144,080	203,380	211,197
Income taxes	14,138	718	3,836
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES
Right of use assets obtained in exchange of lease liabilities	324,304	262,255
Conversion of convertible loans	3,128,453	3,795,924	6,343,172
Issuance shares for third party receivable		59,714
Issuance shares as prepayment for potential acquisition	15,906,186
Issuance shares for acquisitions	36,718,737
Non-controlling interests recognized from step acquisitions	23,946,670
Due to related party transferred to non-controlling interests	115,050
Prepayments, deposits and other assets transferred from loan receivable	59,651,975
RECONCILIATION TO AMOUNTS ON CONSOLIDATED BALANCE SHEETS:
Cash	2,991,563	9,380,322	6,960,996
Restricted cash	1,723,937		95,252
Total cash and restricted cash	$ 4,715,500	$ 9,380,322	$ 7,056,248

Nature of Business and Organiza

Nature of Business and Organization	12 Months Ended
Nature of Business and Organization	Dec. 31, 2023
Nature of Business and Organization [Abstract]
Nature of Business and Organization	Note 1 — Nature of business and organization X3 Holdings Co., Ltd. (“X3” or the “Company”), formerly known as Powerbridge Technologies Co., Ltd. is a company that was established under the laws of the Cayman Islands on July 27, 2018 as a holding company. The Company, through its subsidiaries (collectively the “Company”), is a provider of software application and technology services to corporate and government customers engaged in global trade. Mr. Stewart Lor, the Company’s Chairman of the Board and Chief Executive Officer (“CEO”) is the ultimate Controlling Shareholders of the Company. Effective January 30, 2024, the Company has undergone a transformation, changing its corporate name from Powerbridge Technologies Co., Ltd. to X3 Holdings Co., Ltd. The Nasdaq stock symbol has also transitioned from PBTS to XTKG. This change reflects the Company’s evolving global expansion strategy and its commitment to broader technological and business horizons. As of December 31, 2023, the details of the Company’s principal subsidiaries are as follows: Major subsidiaries Percentage of Date of Place of Major Operation Powerbridge Holding Limited (“Powerbridge HK”) 100% by X3 July 27, 2018 Hong Kong, PRC Investment holding Boxinrui International Holdings Limited (“Boxinrui”) 100% by X3 August 5, 2021 BVI Investment holding Hongding Technology Co., Ltd (“Hongding”) 100% by X3 July 28, 2020 Hong Kong, PRC Investment holding Powercrypto Holding Pte. Ltd. (“Powercrypto”) 100% by X3 October 1, 2021 Singapore Management consultancy services Powercrypto Inc (1) 100% by X3 April 5, 2022 USA Management consultancy services X3 HOLDINGS PTE. LTD. 100% by X3 November 8, 2023 Singapore Investment holding Powerbridge High Technologies Holding Co., Ltd 100% by X3 January 11, 2023 Macau Investment holding Powerbridge Technology Group Co., Ltd. (“Powerbridge Zhuhai”) 100% by Powerbridge HK October 30, 1997 the PRC Software application and technology services Powerstream Supply Chain Co., Ltd. (“Powerstream”) 100% by Powerbridge HK August 17, 2021 the PRC Supply chain business Powermeta Digital Co., Ltd. (“Powermeta”) 100% by Powerbridge HK January 21, 2022 the PRC Software application and technology services Powerstream Capital Co., Ltd. (“Powerstream Capital”) (2) 100% by Powerbridge HK August 11, 2022 the PRC Investment, software application and technology services Powerbridge Digital Trade (HK) Co., Limited 51% by Powerbridge HK June 26, 2023 Hong Kong, PRC Investment holding SmartConn Co.Limited(“SmartConn”) 50.99% by Powerbridge HK December 14, 2020 Hong Kong, PRC Investment holding Hong Kong Anxin Jieda Co., Limited (“Anxin Jieda”) 100% by Boxinrui November 30, 2021 Hong Kong, PRC Investment holding Shenzhen Hongding Interconnect Technology Co., Ltd. (3) 100% by Hongding October 21, 2020 the PRC Software application and technology services Shenzhen Honghao Internet Technology Co., Ltd (“Honghao”) 100% by Hongding July 28, 2020 the PRC Software application and technology services Wuhan Honggang Technology Co., Ltd (“Honggang”) 60% by Powerbridge Zhuhai June 21, 2019 the PRC Software application and technology services Chongqing Powerbridge Zhixin Technology Co., Ltd (“Zhixin”) (4) 45% by Powerbridge Zhuhai September 2, 2019 the PRC software application and technology services Hongxi Data Technology Co., Ltd. 70% by Powerbridge Zhuhai February 8, 2021 Macau Software application and technology services Zhuhai Hongyang Supply Chain Co., Ltd. (“Zhuhai Hongyang”) 60% by Powerbridge Zhuhai July 21, 2021 the PRC Supply chain business Ningbo Zhijing Tongfu Technology Co., Ltd. (“Ningbo Zhijing”) 51% by Powerbridge Zhuhai April 25, 2021 the PRC software application and technology services Hunan Powerverse Digital Co., Ltd. 51% by Powerbridge Zhuhai March 9, 2023 the PRC Software application and technology services Metafusion Digital Co., Ltd (“Metafusion”) 66% by Powermeta Digital February 15, 2022 the PRC Software application and technology services Shanghai Stamp Technolog Co., Ltd. 100% by SmartConn December 9, 2018 the PRC Software application and technology services Ascendent Insight Education Co., Ltd. (“Ascendent”) 90% by Anxin Jieda January 7, 2020 the PRC Software application and technology services Xingtai Ningyao Technology Co., Ltd. 100% by Ascendent December 17, 2022 the PRC Software application and technology services Agro Digital Fintech Co., Ltd. (5) 51% by Powerbridge Zhuhai July 6, 2023 the PRC Digital finance business Guangdong Hongqiao 51% by Powerbridge Zhuhai November 28, 2023 the PRC Software application and technology services (1) On August 25, 2023, the name was changed to Powercrypto Inc. (2) Powerstream Capital was deregistered on April 12, 2024 subsequently. (3) Shenzhen Hongding Interconnect Technology Co., Ltd was deregistered on August 8, 2023. (4) Certain third-party shareholders of Zhixin signed consents with the Company for the year ended December 31, 2022, which stated that the Company has the power and control to direct the activities that most significantly impact Zhixin and they unconditionally vote by consensus with the Company in all the board decisions. As such, the Company consolidates the financial results of Zhixin based on the voting power. Zhixin was deregistered on June 13, 2023. (5) Agro Digital Fintech Co., Ltd. was deregistered on March 14, 2024, subsequently.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 — Summary of significant accounting policies Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All intercompany transactions and balances are eliminated upon consolidation. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. Non-controlling interest represents the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interest is presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interest’s operating result is presented on the face of the consolidated statements of income and comprehensive income as an allocation of the total income for the year between non-controlling shareholders and the shareholders of the Company. Liquidity For the year ended December 31, 2023, the Company had working capital of negative $760,201 and incurred a net loss of approximately $122.2 million. For fiscal 2023, the Company had negative operation cash flow of approximately $11.2 million. The Company has historically funded its working capital needs primarily from public offering, operations, bank loans, advance payments from customers and shareholders. The working capital requirements are affected by the efficiency of operations, the numerical volume and dollar value of revenue contracts, the progress or execution on customer contracts, and the timing of accounts receivable collections. In assessing its liquidity, the Company monitors and analyzes its cash on hand, its ability to generate sufficient revenue sources in the future and its operating and capital expenditure commitments. As of December 31, 2023, the Company had cash of approximately $3.0 million. On November 24, 2023, the Company entered into purchase agreements with twelve investors. The investors agreed to purchase an aggregate of $40,000,000 of the Company’s Class A ordinary shares at a share price of $0.3 per share. The Company issued 130,463,140 Class A ordinary shares on November 24, 2023. The Company believes that its cash on hand and financing cash flows will be sufficient to fund its operations over at least the next 12 months from the date of this report. However, the Company may need additional cash resources in the future if the Company experiences changed business conditions or other developments, and may also need additional cash resources in the future if the Company wishes to pursue opportunities for investment, acquisition, strategic cooperation or other similar actions. If it is determined that the cash requirements exceed the Company’s amounts of cash on hand, the Company may seek to issue debt or equity securities or obtain a credit facility. Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include but not limited to the useful lives of property and equipment and capitalized development cost, impairment of long-lived assets, valuation of accounts receivables, valuation of convertible loans, loans to third parties, revenue recognition and realization of deferred tax assets and uncertain tax positions. Actual results could differ from these estimates. Foreign currency translation The functional currencies of the Company are the local currency of the county in which the subsidiaries operate. The Company’s financial statements are reported using U.S. Dollars. The results of operations and the consolidated statements of cash flows denominated in foreign currencies are translated at the average rates of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currencies is translated at the historical rates of exchange at the time of capital contributions. Because cash flows are translated based on the average translation rates, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in consolidated statements of changes in equity. Gains and losses from foreign currency transactions are included in the consolidated statement of operations and comprehensive income (loss). Fair value measurement ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data. ● Level 3 — inputs to the valuation methodology are unobservable. Unless otherwise disclosed, the fair value of the Company’s financial instruments including cash, notes and accounts receivable, due from related parties, deposits and other current assets, notes and accounts payable, customer deposits, salaries and benefits payables and due to related party approximates their recorded values due to their short-term maturities. The fair value of the deposits and other assets and loans to third parties approximate their carrying amounts because the deposits were paid in cash. Assets and Liabilities Measured or Disclosed at Fair Value on a recurring basis The following tables represent the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023: As of December 31, 2023 Fair Value Measurement at the Reporting Date using Quoted Significant Significant Total Financial liabilities: Put option liability from Smartconn acquisition $ - $ - $ - $ - Put option liability from Boxinrui acquisition - - - - Convertible loan - - 5,020,633 5,020,633 Total $ - $ - $ 5,020,633 $ 5,020,633 Financial instrument -put option liabilities (i) Put option liability from Smartconn acquisition In connection with the Smartconn acquisition, the previous shareholder of Smartconn may be entitled to receive put option shares as follow: Within two years after the Company acquired, if the consideration shares’ price is lower than the payment date price, the previous shareholder will be entitled to receive compensation shares. On November 22, 2023, both parties entered into a compensation agreement. Pursuant to the agreement, the Company shall issue 53,388,709 to the previous shareholders as a compensation due to continuous declining share price. On November 23, 2023, the Company fully issued the related compensation shares. Upon the closing of the Smartconn acquisition, the Company recorded the fair value of the financial instrument resulted from put option liability and recorded the changes in fair value in earnings. The Company determined the fair value of the financial instrument using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: January 5, December 31, Risk-free interest rate 4.4 % - % Underlying share price $ 26.40 $ - Volatility 74.49 % - Exercise Price $25.68~120.00 $ - Option life (years) 2 - (ii) Put option liability from Boxinrui acquisition In connection with the Boxinrui acquisition, the previous shareholder of Boxinrui may be entitled to receive put option shares as follow: Within two years after the Company acquired, if the consideration shares’ price is lower than the payment date price, the previous shareholder will be entitled to receive compensation shares. On November 22, 2023, both parties entered into a compensation agreement. Pursuant to the agreement, the Company shall issue 69,141,256 to the previous shareholders as a compensation due to continuous declining share price. On November 23, 2023, the Company fully issued the related compensation shares. Upon the closing of the Boxinrui acquisition, the Company recorded the fair value of the financial instrument resulted from put option liability and recorded the changes in fair value from in earnings. The Company determined the fair value of the financial instrument using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: March 28, December 31, Risk-free interest rate 3.98 % - % Underlying share price $ 20.90 $ - Volatility 73.53 % - Exercise Price $ 22.38~72.00 $ - Option life (years) 2 - The following is a reconciliation of the beginning and ending balances for put options measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2023 and 2022: December 31, December 31, 2023 2022 Opening balance $ - $ - Loss on change in fair value of put options from Smartconn acquisition 30,938,757 - Loss on change in fair value of put options from Boxinrui acquisition 40,067,358 Shares issued (71,006,115 ) - Total $ - $ - Convertible loan The Company elected the fair value option to account for its convertible loan. The Company engaged an independent valuation firm to perform the valuation. The fair value of the convertible loans is calculated using the binomial tree model. The convertible loans are classified as level 3 instruments as the valuation was determined based on unobservable inputs which are supported by little or no market activity and reflect the Company’s own assumptions in measuring fair value. Significant estimates used in developing the fair value of the convertible loans include time to maturity, risk-free interest rate, straight debt discount rate, probability to convert and expected timing of conversion. Refer to Note 13 for additional information. As the inputs used in developing the fair value for level 3 instruments are unobservable, and require significant management estimate, a change in these inputs could result in a significant change in the fair value measurement. The following is a reconciliation of the beginning and ending balances for convertible notes measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2023 and 2022: December 31, December 31, 2023 2022 Opening balance $ 9,079,966 $ 2,251,832 Issuance of convertible note - 7,979,983 Loss on change in fair value of convertible notes 21,166 2,448,936 Accrued interest 297,954 195,139 Cash repaid (1,250,000 ) - Conversion of convertible notes (3,128,453 ) (3,795,924 ) Total $ 5,020,633 $ 9,079,966 Cash and cash equivalent Cash and cash equivalent comprise cash at banks and on hand, which includes deposits with original maturities of three months or less with commercial banks in PRC. As of December 31, 2023 and 2022, cash balances were $2,991,563 and $9,380,322, respectively. Restricted cash Restricted cash represents cash that cannot be withdrawn without the permission of third parties. The Company’s restricted cash is substantially cash balance in designated bank accounts as security for payment processing and lawsuit. As of December 31, 2023 and 2022, restricted cash consists of cash equivalents of $1,723,937 and $ nil Accounts receivable, net Accounts receivable represents the amounts that the Company has an unconditional right to consideration and is recorded net of allowance for credit losses. In 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASC Topic 326”), which amends previously issued guidance regarding the impairment of financial instruments by creating an impairment model that is based on expected losses rather than incurred losses. The Group has adopted this ASC Topic 326 and several associated ASUs on January 1, 2023 using a modified retrospective approach. The adoption has no material impact to the Group’s consolidated financial statements. The Company estimated allowance for credit losses to reserve for potentially uncollectible receivable amounts periodically, considering factors in assessing the collectability of its accounts receivable, such as historical distribution of the age of the amounts due, payment history, creditworthiness, forward-looking factor, historical collections data of the customers, to assess the credit risk characteristics. If there is strong evidence indicating that the accounts receivable is likely to be unrecoverable, the Group also makes specific allowance in the period in which a loss is determined to be probable. Accounts receivable are considered impaired and written-off when it is probable that all contractual payments due will not be collected after all collection efforts have been exhausted. Prepayments, deposits and other assets, net Prepayment, deposit and other assets, net, primarily consists of advances to suppliers for purchasing goods or services that have not been received or provided; security deposits made to our customers; advances to employees prepayment for potential acquisition and antique art pieces obtained in lieu of debt repayment. Prepayment, deposit and other assets are classified as either current or non-current based on the terms of the respective agreements and periods when they are expected to be realized. These advances are unsecured and these advances and antique art pieces are reviewed periodically to determine whether their carrying value has become impaired. Property and equipment, net Property and equipment, net, mainly comprise furniture and furniture, vehicles, compute, equipment and buildings are stated at cost less accumulated depreciation and impairment. Property and equipment are depreciated over the estimated useful lives of the assets on a straight-line basis, after considering the estimated residual value. The estimated useful lives are as follows: Useful Life Office equipment, fixtures and furniture 3-10 years Automobiles 5-8 years Computer equipment 5 years Buildings 28 years Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and the related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is charged to the statement of income and comprehensive income. Intangible assets, net The Company’s intangible assets mainly include capitalized development costs, purchased software and acquired software from business acquisitions. The Company follows the provisions of Accounting Standards Codification (“ASC”) 985-20, “Costs of Software to be Sold, Leased, or Marketed.” ASC 985-20 provides guidance on capitalization of the costs of software developed or obtained for sold, leased, or marketed. The Company expenses all costs incurred during the preliminary project stage of its development, and capitalizes costs incurred during the application development stage. Costs incurred relating to upgrades and enhancements to the application are capitalized if it is determined that these upgrades or enhancements add additional functionality to the application. The capitalized development cost is amortized on a straight-line basis over the estimated useful life, which is generally five years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. Useful Life Capitalized development costs 5 years Purchased software 5 years Software from business combinations 10 years Impairment for long-lived assets other than goodwill Long-lived assets, including property, equipment, furniture and fixtures and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. When these events occur, the Company measures impairment by comparing the carrying values of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flows is less than the carrying amounts of the assets, the Company would recognize an impairment loss based on the excess of the carrying value over the assessed discounted cash flow amount. For the year ended December 31, 2023, due to slow development of Smartconn, the Company evaluated the recoverability of long-lived assets by comparing the carrying amount of the assets to the future undiscounted cash flows expected to result from the use of the assets and their eventual disposition and determined that the fair value of intangible assets of Smartconn was less than carrying value. Therefore, the Company impaired the intangible assets acquired from the acquisition of Smartconn of $2,272,829 for the year ended December 31, 2023. For the years ended December 31, 2022 and 2021 the Company recognized $ nil Long-term investments Long-term investments are primarily consisted of equity investments in privately held entities accounted for using the measurement alternative and equity investments accounted for using the equity method. On January 1, 2022, the Company adopted ASU 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. According to the guidance, the Company started to record equity investments at fair value, with gains and losses recorded through net earnings. And the Company elected to measure certain equity investments without readily determinable fair value at cost, less impairments, plus or minus observable price changes and assess for impairment quarterly. Equity investments without readily determinable fair values After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known. Equity investments with readily determinable fair values Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date. Equity investments accounted for using the equity method The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control, using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entity, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investments in a privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary. Business combinations The cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any noncontrolling interests. The excess of (i) the total of the cost of the acquisition, fair value of the noncontrolling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the identifiable net assets of the acquiree, the difference is recognized directly in earnings. The determination and allocation of fair values to the identifiable net assets acquired, liabilities assumed and noncontrolling interest is based on various assumptions and valuation methodologies requiring considerable judgment. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows. The Company determines discount rates to be used based on the risk inherent in the acquiree’s current business model and industry comparisons. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from forecasted amounts and the differences could be material. Goodwill Goodwill is the cost of acquired companies in excess of the fair value of identifiable net assets at acquisition date. Goodwill is not subject to amortization, but rather is evaluated for impairment at least annually. The Company evaluates its goodwill for impairment during the fourth quarter of its fiscal year or more frequently if indicators of potential impairment exist, in accordance with ASC 350, Intangibles - Goodwill and Other. Goodwill impairment is determined by comparing the estimated fair value of a reporting unit (generally defined as the businesses for which financial information is available and reviewed regularly by management) with its respective carrying value. If the estimated fair value exceeds the carrying value, goodwill at the reporting unit level is not deemed to be impaired. However, if the estimated fair value is below carrying value, further analysis is required to determine the amount of the impairment. In the course of evaluating the potential impairment of goodwill, the Company may perform either a qualitative or a quantitative assessment. The Company’s qualitative assessment of potential impairment may result in the determination that a quantitative impairment analysis is not necessary. Under this elective process, the Company assesses qualitative factors to determine whether the existence of events or circumstances leads the Company to determine that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If after assessing the totality of events and circumstances, the Company determines it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing a quantitative analysis is not required. However, if the Company concludes otherwise, then the Company performs a quantitative impairment analysis. If the Company either chooses not to perform a qualitative assessment, or the Company chooses to perform a qualitative assessment but is unable to qualitatively conclude that no impairment has occurred, then the Company performs a quantitative evaluation. In the case of a quantitative assessment, the Company estimates the fair value of the reporting unit with which the goodwill that is subject to the quantitative analysis is associated and compares it to the carrying value. If the estimated fair value of a reporting unit is less than its carrying value, the excess is recorded as a goodwill impairment, which is limited to the total amount of goodwill allocated to that reporting unit. For the year ended December 31, 2023, the Company performed the impairment test and determined that the fair value of goodwill acquired from the acquisition of Boxinrui and Smartconn was less than carrying value. The Company impaired the goodwill acquired from the acquisition of Boxinrui and Smartconn of $8,580,543 and $21,105,559 for the year ended December 31, 2023. Revenue recognition The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“ASC 606”) on January 1, 2019 using the modified retrospective approach. Revenues for the years ended December 31, 2023, 2022 and 2021 were presented under ASC 606. There is no adjustment to the opening balance of retained earnings at January 1, 2019 since there was no change to the timing and pattern of revenue recognition upon adoption of ASC 606. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to the Company’s customers in an amount of consideration to which an entity expects to be entitled to in exchange for those goods or services and is recorded net of value-added tax (“VAT”). To achieve that core principle, the Group applies the following steps: Step 1: Identify the contract (s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation The Company derives its revenues from four sources: (1) revenue from application development services, (2) revenue from consulting and technical support services, (3) revenue from subscription services, (4) trading revenue and (5) others revenue. All of the Company’s contracts with customer do not contain cancelable and refund-type provisions. (1) Revenue from application development service The Company’s application development service contracts are primarily on a fixed-price basis, which require the Company to perform services including project planning, project design, application development and system integration based on customers’ specific needs. These services also require significant production and customization. Upon delivery of the services, customer acceptance is generally required. In the same contract, the Company is generally required to provide post-contract customer support (“PCS’) for a period from three months to three years (“PCS period”) after the customized application development services are delivered. The type of services for PCS clause is generally not specified in the contracts or as stand-ready services on when-and-if-available basis. The unspecified PCS is stand-ready service on when-and-if-available basis. It grants the customers on line and telephone access to technical support personnel during the term of the service. Specified PCS includes specified service term in the contract such as training. The Company’s application development service revenues are generated primarily from contracts with PRC government or related agencies and state-owned enterprises. The contracts contain negotiated billing terms which generally include multiple payment phases throughout the contract term and a significant portion (30% - 50%) of contract amount usually is billed upon the completion of the related projects. Pursuant to the contract terms, the Company has enforceable right on payments for the work performed. The Company sometimes provides a warranty for its application development service contracts. The warranty period is typically 12-36 months upon the completion of the application development service. In accordance with ASC 606-10-25-19, the Company believes the warranty provision in the contracts generally represents service-type warranty, which is a distinct performance obligation and the Company also provides the similar service on standalone basis and customers can benefit from the related service-type warranty service. For the service warranty component, the customer simultaneously receives and consumes the benefits provided by the company performance over the warranty term, therefore, the service warranty is satisfied over time. The revenue allocated to the service warranty is recognized over the warranty period. The Company assesses that application development service, PCS or specific service and service-type warranty, if applicable, are distinct performance obligations in the application development service contracts. The Company provides these services on standalone basis and customers are able to benefit from each of the service on its own. In addition, the timing of delivery of these performance obligations can be separately identifiable in the contracts. The transaction price is allocated to these identified performance obligations based on the relative standalone selling prices. The transaction price allocated to PCS or unspecific service and service-type warranty, if applicable, on a straight-line method over the contractual period. Revenue allocated to specified PCS is recognized as the related services are rendered. The transaction price allocated to application development service is recognized over time as the Company’s performance creates or enhances the project controlled by the customer and the control is transferred continuously to our customers. The Company uses an input method based on cost incurred as the Company believes that this method most accurately reflects the Company’s progress toward satisfaction of the performance obligation, which usually takes less than one year. Under this method, the transaction price allocated to application development service is recognized as work is performed based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligations. Incurred costs include all direct material, labor and subcontract costs, and those indirect costs related to application development performance, such as indirect labor, supplies, and tools. Cost-based input method requires the Company to make estimates of revenues and costs to compl

Acquisition

Acquisition	12 Months Ended
Acquisition	Dec. 31, 2023
Acquisition [Abstract]
Acquisition	Note 3 — Acquisition The Company accounted the following acquisitions as business combinations in accordance with ASC 805. Acquisition-related costs incurred for the acquisitions are not material. Smartconn Acquisition On January 5, 2023, the Company completed an equity acquisition with a shareholder of Smartconn. Prior to the acquisition, the Company held 19.99% in Smartconn. The Company further purchased 31% equity of Smartconn at 90% of the appraisal price. The consideration of the acquisition was paid in the form of 478,747 newly issued Class A ordinary shares of the Company with fair value of $12,640,062. Also, there was $173,243 due from Smartconn was effective settled because of the acquisition and became part of consideration. Together with the newly acquired shares, the Company holds in total 50.99% in Smartconn. The consolidated operating results of Smartconn for the years ended December 31, 2022 were not significant to the Company. The objective of the acquisition is to support the Company’s software application and technology service. The acquisition was closed on January 5, 2023. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition based on a valuation report performed by an independent valuation firm engaged by the Company. The valuation report considered generally accepted valuation methodologies such as the income, market and cost approaches. The fair value of the non-controlling interest was calculated after determination of an overall enterprise value for Smartconn under the market approach. Upon the acquisition, the Company recognized a loss of approximately $0.3 million in fair value change for the previous 19.99% equity interests in Smartconn. Amount Total consideration for step acquisition $ 12,813,305 Assets acquired and liabilities assumed: Cash acquired 49,496 Property and equipment, net 305 Intangible assets, net 19,226,106 Current liabilities (83,496 ) Total net assets acquired 19,192,411 Previous held 19.99% Equity Value (7,962,586 ) 31% Equity Value with noncontrolling interest (19,522,079 ) Goodwill $ 21,105,559 The intangible assets are mainly attributable to software acquired through the acquisition, which are amortized over 5-10 years. Due to sluggish business operations subsequent to the acquisition, the Company engaged a third-party valuation firm and performed fair value assessment using income approach, according to the valuation report, the Company recorded an impairment of intangible asset and goodwill of $2,272,829 and $21,105,559, respectively, for the year ended December 31, 2023. Boxinrui Acquisition On March 28, 2023, the Company completed an equity acquisition with fifteen individual shareholders (the “Relevant Shareholders”) of Boxinrui, pursuant to which the Company further acquired 65% equity interest in Boxinrui for a consideration in form of 1,151,869 Class A ordinary shares with fair value of $24,078,675 to the Relevant Shareholders. Prior to the acquisition, the Company held 35% in Boxinrui, which together with the newly acquired shares, the Company holds in total 100% in Boxinrui. The consolidated operating results of Boxinrui for the years ended December 31, 2022 were not significant to the Company. The objective of the acquisition is to expand the Company’s business scope. The acquisition was closed on March 28, 2023. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition based on a valuation report performed by an independent valuation firm engaged by the Company. The valuation report considered generally accepted valuation methodologies such as the income, market and cost approaches. The fair value of the non-controlling interest was calculated after determination of an overall enterprise value for Boxinrui under the market approach. Upon the acquisition, the Company recognized a gain of approximately $2.7 million in fair value change for the previous 35% equity interests in Boxinrui. Amount Total consideration for step acquisition $ 24,078,675 Assets acquired and liabilities assumed: Cash acquired 10,258 Other current assets 1,034,968 Property and equipment, net 10,975 Intangible assets, net 17,984,093 Current liabilities (211,718 ) Total net assets acquired 18,828,576 Previous held 31.5% Equity Value (13,937,461 ) 10% Equity Value with non-controlling interests (4,424,591 ) Goodwill $ 23,612,151 The intangible assets are mainly attributable to software acquired through the acquisition, which are amortized over 10 years. Due to sluggish business operations subsequent to the acquisition, the Company engaged a third-party valuation firm and performed fair value assessment using income approach, according to the valuation report, the Company recorded an impairment of goodwill of $8,580,543 for the year ended December 31, 2023.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
Accounts Receivable, Net	Dec. 31, 2023
Accounts Receivable, Net [Abstract]
Accounts receivable, net	Note 4 — Accounts receivable, net Accounts receivable, net, consists of the following: As of December 31, 2023 2022 Accounts receivable $ 28,620,423 $ 21,895,260 Less: Allowance for credit losses (7,133,370 ) (7,080,677 ) Total accounts receivable, net $ 21,487,053 $ 14,814,583 Unbilled accounts receivable included in accounts receivable above amounted to $10,030,721 and $10,027,584 as of December 31, 2023 and 2022, respectively. The unbilled accounts receivables as of December 31, 2023 are expected to be billed within one year and collected over one year. The billed accounts receivable is expected to be collected within one year. As of April 24, 2024, approximately $1.6 million (or 5.6%) of total accounts receivable as of December 31, 2023 was collected. It represented 7.6% of billed accounts receivable balance and 2.0% of unbilled accounts receivable balance as of December 31, 2023 were subsequently collected, respectively. Movement of allowance for credit losses is as follows: As of December 31, 2023 2022 2021 Beginning balance $ 7,080,677 $ 2,607,600 $ 1,581,142 Provision for credit losses 256,834 4,783,518 1,011,760 Written-off (6,214 ) - (34,879 ) Foreign currency translation adjustments (197,927 ) (310,441 ) 49,577 Ending balance $ 7,133,370 $ 7,080,677 $ 2,607,600

Prepayments, Deposits and Other

Prepayments, Deposits and Other Assets, Net	12 Months Ended
Prepayments, Deposits and Other Assets, Net	Dec. 31, 2023
Prepayments, Deposits and Other Assets, Net [Abstract]
Prepayments, deposits and other assets, net	Note 5 — Prepayments, deposits and other assets, net Prepayments, deposits and other assets, net consisted of the following: As of December 31, 2023 2022 Security deposits (1) $ 248,146 $ 216,446 Advances to suppliers 2,032,099 564,810 Advances to employees 46,293 141,249 Prepaid expense 1,099,950 976,788 Prepayment for potential acquisition (2) 15,906,186 - Antique art pieces (3) 59,651,975 - Others 6,511 139,976 78,991,160 2,039,269 Less: Long term portion (76,274,752 ) (226,544 ) Allowance for credit losses (281,694 ) (364,973 ) Prepayments, deposits and other assets – current portion $ 2,434,714 $ 1,447,752 (1) Security deposits mainly represent contract fulfillment deposits required by customer for specific projects, rent deposits and etc. (2) On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI Group Limited (“DTI”), pursuant to which the Company agreed to prepay 698,301 shares (equivalent to $15,906,186) to purchase 32% equity of DTI. (3) Details refer to Note 6 Movement of allowance for credit losses is as follows: As of December 31, 2023 2022 2021 Beginning balance $ 364,973 $ 313,844 $ 306,513 Provision for credit losses - 75,000 88,846 Written-off (75,000 ) - (88,846 ) Foreign currency translation adjustments (8,279 ) (23,871 ) 7,331 Ending balance $ 281,694 $ 364,973 $ 313,844

Loan Receivable

Loan Receivable	12 Months Ended
Loan Receivable	Dec. 31, 2023
Loan Receivable [Abstract]
Loan receivable	Note 6 — Loan receivable Loan receivable consisted of the following: As of December 31, 2023 2022 Unsecured loan receivable from third parties (1) $ 1,318,998 $ - Guaranteed loan receivable from media business (2) - 59,612,192 1,318,998 59,612,192 Allowance for doubtful accounts (281,694 ) - Loan receivable, net $ 1,037,304 $ 59,612,192 (1) As of December 31, 2023, loans to third parties represent the balance the company lend to various third-parties for their working capital needs at rate of 0%-5% per annum. (2) Pursuant to the agreement with Shenzhen Kezhi Technology Co., Ltd.(“Kezhi”) on September 25, 2020 and a series of amendments entered during the period from September 25, 2020 to May 16, 2021, the Company intends to expand to media business through Kezhi. The Company originally planned to acquire certain media business assets from Kezhi, however, due to uncertainties in COVID-19, the Company and Kezhi ultimately reached into a final agreement (“Final agreement”) on May 16, 2021. Pursuant to the Final agreement, the Company agreed to extend a working capital support loan to Kezhi in aggregated of $62,581,163 (RMB444,320,000) with expected annual returns over two years and coupon interest rate of 5%. The company collected $4,670,881 (RMB33,162,788) in fiscal year 2022. On January 5, 2023, the Company, Kezhi, the guarantor and the guarantor’s senior management Mr. Su Haoqing, entered into a debt extinguish agreement. Pursuant to the agreement, Mr. Su Haoqing settled the remaining $59,651,975 (RMB411,157,212) debt by rendering 20 antique art pieces. The company have performed a valuation for accounting recognition purposes by a third-party valuation company.

Long Term Investment

Long Term Investment	12 Months Ended
Long Term Investment	Dec. 31, 2023
Long Term Investment [Abstract]
Long term investment	Note 7 — Long term investment Equity Cost method Total Balance as of January 1, 2022 $ - $ - $ - Additions 11,120,935 19,643,260 30,764,195 Balance as of December 31, 2022 11,120,935 19,643,260 30,764,195 Share of gain in equity method investee 70,947 - 70,947 Decrease due to acquired (11,191,882 ) (8,305,222 ) (19,497,104 ) Foreign currency translation adjustments - (65,073 ) (65,073 ) Balance as of December 31, 2023 $ - $ 11,272,965 $ 11,272,965 (i) During the year ended December 31, 2022, the Company invested $434,960 (RMB3.0 million) cash and issued 23,985 Class A ordinary shares (equivalent to $1,844,377) for 5.0% equity interest in Shenzhen Chenbao Information service Co., Ltd. (“Chenbao”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On January 20, 2022, the Company invested issued 71,410 Class A ordinary shares (equivalent to $8,305,222) for 19.99% equity interest in SamartConn CO., Limited (“SamartConn”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On January 18, 2023, the Company purchased additional 31% equity of Smartconn (See note 3). On November 1, 2022, the Company invested issued 231,278 Class A ordinary shares (equivalent to $9,058,701) for 19% equity interest in DTI Group Limited (“DTI”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI which the Company agrees to prepay 698,301 Class A ordinary shares (equivalent to $15,906,186) to purchase 32% equity of DTI. On January 1, 2022, the Company gained 5% equity interest in Guangzhou Xingsheng Information Technology Limited for $0 consideration, in which the Company does not have significant influence and such investment does not have readily determinable fair values. (ii) On June 28, 2022, the Company invested issued 83,094 Class A ordinary shares (split-adjusted, equivalent to $6,674,772) for 15% equity interest in Boxinrui International Holdings Limited (“Boxinrui”) in which the Company does not have significant influence and such investment do not have readily determinable fair values. On December 28, 2022, the Company further issued 230,419 Class A ordinary shares (equivalent to $4,446,163) for 20% equity interest in Boxinrui International Holdings Limited. As a result, the Company considers it has significant influence on this investment based on its voting power. During the year ended December 31, 2023, the Company recorded shares of gain of $70,947. On March 28, 2023, the Company entered into an equity transfer agreement with fifteen individual shareholders of Boxinrui, pursuant to which the Company agreed to further acquire 65% equity interest in Boxinrui (See note 3).

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
Property and Equipment, Net	Dec. 31, 2023
Property and Equipment, Net [Abstract]
Property and equipment, net	Note 8 — Property and equipment, net Property and equipment, net, consist of the following: As of December 31, 2023 2022 Computer equipment $ 414,230 $ 380,055 Office equipment, fixtures and furniture 1,997,452 2,033,617 Automobiles 184,308 189,325 Buildings 4,580,571 4,715,189 Construction in Progress 618,661 - Subtotal 7,795,222 7,318,186 Less: accumulated depreciation (1,892,273 ) (1,484,268 ) Property and equipment, net $ 5,902,949 $ 5,833,918 Depreciation expense for the years ended December 31, 2023, 2022 and 2021 amounted to $453,628, $359,344 and $324,367, respectively. As of December 31, 2023, buildings with net book value amounted to $3,932,666 were pledged for obtaining various of loans (See Note 11). The Company capitalized development costs related to its core supporting modules of the global trade applications and solutions incurred during the application development stage.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
Intangible Assets, Net	Dec. 31, 2023
Intangible Assets, Net [Abstract]
Intangible assets, net	Note 9 — Intangible assets, net Intangible assets, net, consist of the following: As of December 31, 2023 2022 Capitalized development costs (1) $ 11,416,518 $ 10,478,966 Purchased software 395,446 407,067 Software from business combinations 36,101,237 - Subtotal 47,913,201 10,886,033 Less: accumulated amortization (10,614,005 ) (5,723,309 ) Impairment of capitalized development cost and software acquired (2,266,746 ) Intangible assets, net $ 35,032,450 $ 5,162,724 (1) The Company capitalized development costs related to its core supporting modules of the global trade applications and solutions incurred during the application development stage. Amortization expense for the years ended December 31, 2023, 2022 and 2021 amounted to $5,004,968, $1,803,853 and $1,692,352, respectively.

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
Related Party Balances and Transactions	Dec. 31, 2023
Related Party Balances and Transactions [Abstract]
Related party balances and transactions	Note 10 — Related party balances and transactions The relationship of related parties Name of Related Party Relationship to the Company Guangzhou Jiatu Culture Media Co., Ltd. (formerly as Guangzhou Powerbridge Blockchain Co., Ltd.) (1) Company has significant influence over with this entity Ban Lor Co-founder, CEO’s brother Stewart Lor CEO Yuxia Xu CFO Hong Yu shareholder of Zhixin Shanghai Stamp Technology Co., Ltd. The Company owns equity interest Phillip Tao Qiu Independent Director Guangodong Guangrui Network Technology Co., Ltd. (Guangdong Guangrui) Company has significant influence over with this entity. Xiaoyan Liu Shareholder of Ascendent Zhongchuan Dadi (Beijing) Technology Co., LTD Shareholder of Ascendent Shanghai Yue See cultural development Co., LTD Shareholder of Metafusion (1) On June 2, 2022, the Company’s CFO sold the equity interest in Jiatu Culture Media Co., Ltd., so Jiatu Culture Media Co., Ltd. no longer considered as a related party. Due from related parties As of December 31, 2023 2022 Shanghai Stamp Technology Co., Ltd. (1) $ - $ 172,811 Ban Lor (2) 17,155 37,638 Stewart Lor (2) 452,598 1,566,478 Yuxia Xu 207,236 363,666 Phillip Tao Qiu (2) 600,000 - Xiaoyan Liu (2) 87,990 - Subtotal $ 1,364,979 $ 2,140,593 (1) In connection with the acquisition of Smartconn, the balance was effectively settled. (2) From time to time, the Company advances funds to senior management for business purpose. Due to related parties As of December 31, 2023 2022 Hong Yu (1) $ - $ 118,114 Shanghai Yue See cultural development Co., LTD (1) 39,985 - Zhongchuan Dadi (Beijing) Technology Co., LTD (1) 223 - Subtotal $ 40,208 $ 118,114 (1) The above balances represent unpaid loan and expenses to these related parties. Related party transactions For the years ended 2023 2022 2021 Guangzhou Guangrui (1) Service fees $ - $ - $ 725,362 Guangzhou Jiatu Culture Media Co., Ltd. Service fees $ - $ 62,667 $ - Stewart Lor Interest income $ 50,663 $ 117,569 $ - Yuxia Xu Interest income $ 16,778 $ 22,802 $ - Shanghai Stamp Technology Co., Ltd. Interest income $ - $ 1,771 $ - Shanghai Yue See cultural development Co., LTD Service revenue $ 4,195 $ - $ - (1) As the disposal of Shantou Hongrui in February 2022, Guangzhou Guangrui was no longer considered as a related party.

Bank Loans

Bank Loans	12 Months Ended
Bank Loans	Dec. 31, 2023
Bank Loans [Abstract]
Bank loans	Note 11 — Bank loans Outstanding balance of short-term bank loans consisted of the following: December 31, December 31, Loan from Bank of Communication $ 2,816,942 $ 2,174,796 Loan from Bank of China - 434,959 Loan from SPD Bank 1,126,776 - $ 3,943,718 $ 2,609,755 Loan from Bank of Communication On January 27, 2022, Powerbridge Zhuhai entered into a loan agreement with Bank of Communication to obtain a loan of $1,449,864 (RMB10.0 million) for a term of one year and at a fixed annual interest rate of 4.70%. The bank loan was guaranteed by the representative of Zhuhai Powerbridge and pledged approximately $2.4 million fixed assets as the collateral to secure the loan. The loan was fully repaid upon maturity. On December 14, 2022, Powerbridge Zhuhai entered into facility agreement with Bank of Communication, pursuant to which a total facility of up to $724,932 (RMB5.0 million) was made available to the Company. The loan facility is available for the Company to withdraw from December 12, 2022 to December 12, 2025. The bank loan was guaranteed by the Company’s CEO and CEO’s spouse. On December 16, 2022, drew down $724,932 (RMB5.0 million) for a term of one year and at a fixed annual interest rate of 4.10%. On December 5, 2023, the loan was fully repaid subsequently. On December 14, 2023, Powerbridge Zhuhai drew down $454,751 (RMB3,228,684) for a term of one year and at a fixed annual interest rate of 3.90%. On December 25, 2023, Powerbridge Zhuhai drew down $249,485 (RMB1,771,316) for a term of one year and at a fixed annual interest rate of 3.90%. On January 18, 2023, Powerbridge Zhuhai entered into facility agreement with Bank of Communication, pursuant to which a total facility of up to $1,408,471 (RMB10.0 million) was made available to the Company. The loan facility is available for the Company to withdraw from January18, 2023 to December 12,2025. The bank loan was guaranteed by the representative of Zhuhai Powerbridge and pledged approximately $2.3 million fixed assets as the collateral to secure the loan. On January 19, 2023, Powerbridge Zhuhai drew down $1,408,471 (RMB10.0 million) for a term of one year and at a fixed annual interest rate of 4.20%. On January 17, 2024, the loan was fully repaid subsequently. On January 17, 2024, Powerbridge Zhuhai drew down $1,408,471 (RMB10.0 million) for a term of one year and at a fixed annual interest rate of 3.9%. On January 11, 2023, Powerbridge Zhuhai entered into facility agreement with Bank of Communication, pursuant to which a total facility of up to $704,235 (RMB5.0 million) was made available to the Company. The loan facility is available for the Company to withdraw from January 11, 2023 to December 12,2025. The bank loan was guaranteed by the Company’s CEO and a third party. On January 16, 2023, Powerbridge Zhuhai drew down $505,323 (RMB3,587,746) for a term of one year and at a fixed annual interest rate of 4.20%. On January 16, 2024, the loan was fully repaid subsequently. On March 14, 2023, Powerbridge Zhuhai drew down $198,912 (RMB1,412,254) for a term of one year and at a fixed annual interest rate of 4.20%. On January 31, 2024, Powerbridge Zhuhai drew down $492,965 (RMB3,500,000) for a term of one year and at a fixed annual interest rate of 3.9%, subsequently Loan from Bank of China On July 15, 2022, Powerbridge Zhuhai entered into a loan agreement with Bank of China to obtain a loan of $724,932 for a term of one year and at a fixed annual interest rate of 4.50%. The bank loan was guaranteed by the representative of Zhuhai Powerbridge and pledged approximately $1.8 million fixed assets as the collateral to secure the loan. On December 30, 2022, the Company fully repaid the loan in advance. On June 10, 2022, Powerbridge Zhuhai entered into a loan agreement with Bank of China to obtain a loan of $724,932 for a term of one year and at a fixed annual interest rate of 4.50%. The bank loan was guaranteed by the representative of Zhuhai Powerbridge and pledged approximately $1.8 million fixed assets as the collateral to secure the loan. On December 30, 2022, the Company partially repaid $289,973 in advance. the remaining balance was fully repaid on April 3, 2023. Loan from SPD Bank On June 20, 2023, Powerbridge Zhuhai entered into a facility agreement with Shanghai Pudong Development Bank obtain a total facility of up to $1,126,776 (RMB8.0 million) The loan facility is available for the Company to withdraw from June 20, 2023 to May, 24, 2024. The bank loan was guaranteed by the Company’s CEO and pledged approximately $1.7 million fixed assets as the collateral to secure the loan. On June 28, 2023, Powerbridge Zhuhai drew down $1,126,776 (RMB8.0 million) for a term of one year and at a fixed annual interest rate of 4.1%. For the years ended December 31, 2023, 2022 and 2021, interest expense was $144,080, $203,380 and $211,197, respectively, with the weighted average interest rate of 4.1%, 5.1% and 5.0%, respectively.

Lease

Lease	12 Months Ended
Lease	Dec. 31, 2023
Lease [Abstract]
Lease	Note 12 — Lease The Company has several operating leases for offices. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Effective January 1, 2022, the Company adopted the new lease accounting standard using a modified retrospective transition method which allowed the Company not to recast comparative periods presented in its consolidated financial statements. In addition, the Company elected the package of practical expedients, which allowed the Company to not reassess whether any existing contracts contain a lease, to not reassess historical lease classification as operating or finance leases, and to not reassess initial direct costs. The Company has not elected the practical expedient to use hindsight to determine the lease term for its leases at transition. The Company combines the lease and non-lease components in determining the ROU assets and related lease obligation. Adoption of this standard resulted in the recording of operating lease ROU assets and corresponding operating lease liabilities as disclosed below and had no impact on accumulated deficit as of January 1, 2022. ROU assets and related lease obligations are recognized at commencement date based on the present value of remaining lease payments over the lease term. Total lease expense for the years ended December 31, 2023, 2022 and 2021 amounted to $344,775, $162,799 and $307,497, respectively. Cash paid for amounts included in the measurement of lease liabilities amounted to $141,183 and $63,837 for the years ended December 31, 2023 and 2022, respectively. Supplemental balance sheet information related to operating leases was as follows: December 31, December 31, Right-of-use assets, net $ 357,007 $ 211,585 Operating lease liabilities - current 260,728 91,587 Operating lease liabilities - non-current 109,956 101,992 Total operating lease liabilities $ 370,684 $ 193,579 The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of December 31, 2023: Remaining lease term and discount rate: Weighted average remaining lease term (years) 1.5 years Weighted average discount rate 5.0 % The following is a schedule of maturities of lease liabilities as of December 31, 2023: Twelve months ending December 31, Amount 2024 $ 271,791 2025 111,009 Total future minimum lease payments 382,800 Less: imputed interest (12,116 ) Present value of lease liabilities $ 370,684

Convertible Notes

Convertible Notes	12 Months Ended
Convertible Notes	Dec. 31, 2023
Convertible Notes [Abstract]
Convertible Notes	Note 13 — Convertible Notes On August 7, 2021, the Company entered into an amendment (the “Closing Statement”) to the securities purchase agreement initially entered into with YA on April 9, 2021 (the “Purchase Agreement”). Pursuant to the Purchase Agreement, YA agreed to purchase convertible notes (the “Notes”) in the aggregate principal amount of US$7,000,000 (the “Principal”), which shall be convertible into the Company’s Class A ordinary shares, and a warrant (the “Warrant”) to purchase 2,381 Class A ordinary shares, for gross proceeds of approximately US$6,790,000. The first closing of the offer and sale of the first Note (the “First Note”) in the principal amount of $4,000,000 was completed on April 9, 2021. Pursuant to the Closing Statement, the Company and YA agreed that, among other thing, (i) the Principal shall be increased to US$8,000,000; (ii) the principal amount of the second Note (the “Second Note”) is reduced from $3,000,000 to $2,000,000; the closing of the second Note in the principal amount of $2,000,000 was completed on August 9, 2021. (iii) the number of Class A ordinary shares to be issued pursuant to the Warrant shall be increased from 2,381 to 2,721; and (iv) promptly after the Securities and Exchange Commission (the “SEC”) declares effective a registration statement to be filed by the Company pursuant to a registration rights agreement (the “Registration Rights Agreement”), YA agrees to purchase the third Note (the “Third Note”) in the principal amount of $2,000,000, which shall have identical terms as those of the Second Note. Except as expressly amended by the Closing Statement, the Second Note has essentially identical terms to the First Note. On September 1, 2022, the Company entered into a securities purchase agreement with Streeterville Capital, LLC (“Streeterville”), pursuant to which the Company issued the Investor an unsecured promissory note on September 1, 2022 in the original principal amount of $8,640,000 (the “Note”), convertible into Class A ordinary shares of the Company, for $8,000,000 in gross proceeds. The transaction contemplated by the Purchase Agreement closed on September 1, 2022. The Note bears interest at a rate of 6% per annum compounding daily. All outstanding principal and accrued interest on the Note will become due and payable twelve months after the purchase price of the Note is delivered by Purchaser to the Company (the “Purchase Price Date”). The Note includes an original issue discount of $640,000 along with $20,000 for Streeterville’s fees, costs and other transaction expenses incurred in connection with the purchase and sale of the Note. The Company may prepay all or a portion of the Note at any time by paying 120% of the outstanding balance elected for pre-payment. Conversion of convertible notes For the year ended December 31, 2022, YA delivered conversion notice for convertible notes in an aggregate of principle of $2,000,000 to the Company and the Company issued an aggregate of 24,708 Class A ordinary shares of the Company to YA. The fair value of the conversion note was assessed at $2,261,270 upon conversion based on the binomial model assessed by the independent valuation firm. The Company has elected to recognize the convertible note at fair value and therefore there was no further evaluation of embedded features for bifurcation. The Company engaged third party valuation firm to perform the valuation of convertible note. The fair value of the convertible note is calculated using the binomial tree model based on probability of remaining as straight debt using discounted cash flow with the following assumptions February 9, Risk-free interest rate 0.53-0.91 % Expected life 0.20-0.48 year Discount rate 9.33-11.22 % Expected volatility 80.48-143.72 % Expected dividend yield 0 % Fair value $ 2,261,270 For the year ended December 31, 2022, Streeterville delivered conversion notice for convertible notes in an aggregate of principle of $1,250,310 to the Company and the Company issued an aggregate of 58,257 Class A ordinary shares of the Company to Streeterville. The fair value of the conversion note was assessed at $1,534,654 upon conversion based on the binomial model assessed by the independent valuation firm. November 8, Risk-free interest rate 4.66-4.72 % Expected life 0.70-0.83 year Discount rate 1137-11.72 % Expected volatility 99.91-103.93 % Expected dividend yield 0 % Fair value $ 1,534,654 For the year ended December 31, 2023, the Company repaid principle of $1,047,054 and interest of $202,946 to Streeterville by cash. For the year ended December 31, 2023, Streeterville delivered conversion notice for convertible notes in an aggregate of principle of $2,427,582 to the Company and the Company issued an aggregate of 111,875 Class A ordinary shares of the Company to Streeterville. The fair value of the conversion note was assessed at $3,128,453 upon conversion based on the binomial model assessed by the independent valuation firm. January 10, Risk-free interest rate 4.75-4.81 % Expected life 0.59-0.65 year Discount rate 10.96-11.37 % Expected volatility 109.85-113.95 % Expected dividend yield 0 % Fair value $ 3,128,453 The convertible notes are classified as level 3 instruments as the valuation was determined based on unobservable inputs which are supported by little or no market activity and reflect the Group’s own assumptions in measuring fair value. Significant inputs used in developing the fair value of the convertible notes include time to maturity, risk-free interest rate, straight debt discount rate, probability to convert and expected timing of conversion. The fair value of the remaining conversion note was assessed at $5,020,633 as of December 31, 2023 based on the binomial model assessed by the independent valuation firm. December 31, Risk-free interest rate 5.25 % Expected life - year Discount rate 10.66 % Expected volatility 89.66 % Expected dividend yield 0 % Fair value $ 5,020,633 For the years ended December 31, 2023, 2022 and 2021, the Company recognized a loss of change in fair value of convertible note of $ 21,166, $2,448,936 and $1,508,229, respectively. Interest expense recognized for these convertible notes for the years ended December 31, 2023, 2022 and 2021 were$297,954, $195,139 and $226,775, respectively.

Taxes

Taxes	12 Months Ended
Taxes	Dec. 31, 2023
Taxes [Abstract]
Taxes	Note 14 — Taxes Income tax Cayman Islands X3 was incorporated in the Cayman Islands and is not subject to tax on income or capital gains under the laws of Cayman Islands. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders. Hong Kong Powerbridge HK is established in Hong Kong. Under the Hong Kong tax laws, Powerbridge HK is exempted from income tax on its foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends. PRC Powerbridge Zhuhai is governed by the Enterprise Income Tax (“EIT”) laws of PRC. Under EIT laws of PRC, domestic enterprises and Foreign Investment Enterprises (the “FIE”) are usually subject to a unified 25% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis. EIT grants preferential tax treatment to certain High and New Technology Enterprises (“HNTEs”). Under this preferential tax treatment, HNTEs are entitled to an income tax rate of 15%, subject to a requirement that they re-apply for HNTE status every three years. Powerbridge Zhuhai, the Company’s operating subsidiary in PRC, has been approved as HNTEs in 2014 and successfully renewed it in 2023, which reduced its statutory income tax rate to 15%. The rest of the Company’s subsidiaries in PRC are subject to income tax rate of 25%. The impact of the preferred tax treatment noted above decreased income taxes by $477,154, $662,675 and $89,850 for the fiscal years 2023, 2022 and 2021, respectively. The benefit of the preferred tax treatment on net loss per share (basic and diluted) was $0.02, $1.46 and $0.44 for the years ended December 31, 2022, 2021 and 2020, respectively. Significant components of the provision for income taxes are as follows: For the years ended December 31, 2023 2022 2021 Current $ 9,354 $ (563,650 ) $ 135 Deferred (66,695 ) (435,741 ) (174,076 ) Total income tax benefit $ (57,341 ) $ (999,391 ) $ (173,941 ) The following table reconciles China statutory rates to the Company’s effective tax rate: For the years ended December 31, 2023 2022 2021 PRC statutory rates 25.0 % 25.0 % 25.0 % Preferential tax rates (0.4 )% (2.9 )% (25.8 )% R&D credits 0.2 % 1.5 % 3.0 % Change in valuation allowance and others (24.8 )% (19.2 )% (0.4 )% Effective tax rate 0.0 % 4.4 % 1.8 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The significant components of the deferred tax assets are as follows: As of December 31, 2023 2022 Deferred tax assets: Provision for credit losses $ 1,268,962 $ 1,260,557 Depreciation and amortization 185,676 162,980 Net operating loss carryforward 2,496,584 1,388,155 Valuation allowance (2,932,049 ) (1,831,039 ) Total deferred tax assets $ 1,019,173 $ 980,653 As of December 31, 2023, the Company has approximately $13.7 million net operating loss (“NOL”) carryforwards with expirations by 2028. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the cumulative earnings and projected future taxable income in making this assessment. Recovery of substantially all of the group’s deferred tax assets is dependent upon the generation of future income, exclusive of reversing taxable temporary differences. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are recoverable, management provided $2,932,049 and $1,831,039 valuation allowance against the deferred tax assets that the Company does not expect to realize at December 31, 2023 and 2022, respectively. Value added tax Enterprises who sell goods in the PRC are subject to a value added tax in accordance with PRC laws. VAT standard rates are 3% to 13% of the gross sales price. A credit is available whereby VAT paid on the purchases of semi-finished products or raw materials used in the production of the Company’s finished products can be used to offset the VAT due on sales of the finished products and services. Powerbridge Zhuhai obtained a VAT preferential status for its technology development business, accordingly, the certain Company’s technology development business is exempted from VAT. Tax payable Taxes payable consists of the following: As of December 31, 2023 2022 Income taxes payable $ 5,889 $ - VAT and other tax payable 174,553 110,843 Totals $ 180,442 $ 110,843 Uncertain tax positions The Company may be subject to challenges from various PRC taxing authorities regarding the amounts of taxes due, although the Company’s management believes the Company has paid or accrued for all taxes owed by the Company. As of December 31, 2022 the Company had accrued (before adjustment) total income tax liabilities of $550,602. According to PRC taxation regulation and administrative practice and procedures, the statute of limitation on tax authority’s audit or examination of previously filed tax returns expires three years from the date they were filed. The Company also obtained a written statement from the local tax authority that no additional taxes are due as of December 31, 2022. Based on these facts, the Company reversed the accrued tax liabilities in the total amount of $550,602 (or RMB3,798,484) relating to the tax liabilities accrued for the period from fiscal 2016 to fiscal 2018, resulting in the decrease of accrued income tax liabilities from $550,602 to $ nil The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of December 31, 2023 and 2022, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2023, 2022 and 2021. The Company also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2023.

Equity

Equity	12 Months Ended
Equity	Dec. 31, 2023
Equity [Abstract]
Equity	Note 15 — Equity Ordinary Shares On December 5, 2022, the Company held its 2022 special general meeting of shareholders. At the Meeting, the Company’s shareholders approved an amendment to the Company’s amended and restated Memorandum and Articles of Association (“A&R M&A”) to increase the authorized share capital. As a result, the Company’s authorized share capital is $16,666,700 divided into 10,000,000,000 shares of a par value of $0.00166667 each, with an increase of an additional 9,700,000,000 shares of a par value of $0.00166667 each. On May 30, 2023, the Company held an extraordinary general shareholders meeting. At the Meeting, the Company’s shareholders approved (i) a share consolidation of thirty (30) issued and unissued Class A ordinary shares with par value of $0.00166667 each in the Company’s issued and unissued share capital into one (1) share with par value of US$ 0.050 (the “Share Consolidation”) and (ii) an increase in the authorized share capital of the Company from $16,666,700 (divided in to 333,333,333 shares) to $50,000,000 (divided in to 1,000,000,000 shares), all of which will rank pari passu in all respects with all existing shares of the Company. On September 5, 2023, the Company held its 2023 special general meeting of shareholder. At the Meeting, the Company’s shareholders approved the following among other items: (i) a share consolidation of every eight (8) issued and unissued Class A ordinary shares with par value of $0.050 each in the Company’s issued and unissued share capital be consolidated into one (1) share with par value of $0.40 (the “Share Consolidation”); (ii) an increase in the authorized share capital of the Company from $50,000,000 divided into 125,000,000 shares of a nominal or par value of $0.40 each, to $200,000,000 divided into 500,000,000 shares of a nominal or par value of $0.40 each (the “Share Capital Increase”); (iii) a dual-class share structure of Class A and Class B ordinary shares of the Company, with each Class A and Class B ordinary share ranking pari passu and having the same rights, preferences, privileges and restrictions, except that, voting as the same class, each Class B ordinary share is entitled to thirty (30) votes and each Class A ordinary is entitled one (1) vote (the “Dual-class Share Structure”); (iv) a re-designation of 2,000,000 shares of the 500,000,000 authorized shares as Class B ordinary shares and 498,000,000 shares of the 500,000,000 authorized shares as Class A ordinary shares; (v) a re-designation of the 243,903 shares (after giving effect to the Share Consolidation) held by Mr. Stewart Lor, CEO and Chairman of the Board of the Company, as Class B ordinary shares (together with item (iv), the “Share Re-designation”). On December 1, 2023, the Company held an extraordinary general meeting. At the Meeting, the Company’s shareholders approved the following among other items: (a) the name of the Company be changed from Powerbridge Technologies Co., Ltd. to X3 Holdings Co., Ltd., and ticker symbol of the Company be changed from “PBTS” to “XTKG” (the “Name Change”). (b) the authorized share capital of the Company be increased from $200,000,000 divided into 500,000,000 shares of a nominal or par value of $0.40 each to $2,000,000,000 divided into 5,000,000,000 ordinary shares of a nominal or par value of $0.40 each by creation of an additional 4,500,000,000 ordinary shares of a nominal or par value of US$0.40 each (the “Share Capital Increase”). (c) 18,000,000 ordinary shares of the additional 4,500,000,000 authorized ordinary shares be re-designated as Class B ordinary shares and 4,482,000,000 ordinary shares of the additional 4,500,000,000 authorized ordinary shares as Class A ordinary shares (together, the “Share Re-designation”), such the authorized share capital of the Company shall be changed to “$2,000,000,000 divided into (i) 4,980,000,000 Class A ordinary shares of a par value of US$0.40 each, and (ii) 20,000,000 Class B ordinary shares of a par value of $0.40 each.” On June 21, 2023, the Company paid cash to certain minor shareholders and cancelled 220 shares due to share consolidation reconciliation. On October 2, 2023, the Company paid cash to certain minor shareholders and cancelled 635 shares due to share consolidation reconciliation. The Company had 259,464,169 and 1,187,498 Class A ordinary shares issued and outstanding as of December 31, 2023 and 2022, respectively. The Company had 243,902 and nil Public Offering Warrants In connection with the initial public offering (“IPO”) on April 4, 2019, the Company issued warrants totaling 510 units to the placement agents (the “Public Offering Warrants”). The warrants carry a term of five years and shall be exercisable at $1,320 per share. Management determined that these warrants are equity instruments because the warrants are both a) indexed to its own stock; and b) classified in shareholders’ equity. The warrants were recorded at their fair value on the date of grant as a component of shareholders’ equity. As of December 31, 2023 and 2022, no warrants were exercised. weighted average remaining life of 0.26 years and 1.24 years, respectively. The fair value of this Public Offering Warrants was $356,200, which was considered a direct cost of IPO and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following weighted-average assumptions: market value of underlying share of $1,200, risk free rate of 2.2%; expected term of 5 years; exercise price of the warrants of $1,320, volatility of 71.9%; and expected future dividends of nil. Shares issued for consulting services On September 30, 2019, the Company entered into a marketing development service agreement with an external consultant for service term of three years and agreed to 208 restricted Class A ordinary shares as compensation. The fair value of those restricted shares was assessed at $164,000 based on the stock price of contract dates. On November 28, 2019, the Company entered into a marketing development service agreement with another external consultants for service term of three years and agreed to 240 restricted Class A ordinary shares as compensation. The fair value of those restricted shares was assessed at $171,469 based on the stock price of contract dates. On March 15, 2020, the Company signed a consulting agreement with an independent marketing professional with term of one year. Pursuant to the agreement, the Company agreed to pay total of 625 restricted Class A ordinary shares as compensation for the services after signing of the agreement. The Company issued 625 restricted Class A ordinary shares on April 14, 2020. The fair value of those restricted shares was assessed at approximately $358,500 based on the stock price of contract date. On July 30, 2020, the Company issued 101 Class A ordinary shares as compensation to an advisory firm for the related investor relations advisory service during the period ended from January 2020 to July 2020. The fair value of those shares was assessed at approximately $65,001 based on the stock price of contract date On September 26, 2020, the Company signed a consulting agreement with a third-party consultant. Pursuant to the agreement, the Company agreed to pay a total of 417 restricted Class A ordinary shares for service term of three years as compensation. The Company has issued the above 417 restricted Class A ordinary shares on June 1, 2021. The fair value of those restricted shares was assessed at $209,000 based on the stock price of contract dates. On August 17, 2020, the Company signed a consulting agreement with a third-party consultant. Pursuant to the agreement, the Company agreed to pay a total of 42 restricted Class A ordinary shares for service term of two years as compensation. The Company has issued the above 42 restricted Class A ordinary shares on March 1, 2022. The fair value of those restricted shares was assessed at $27,900 based on the stock price of contract date. On September 23, 2021, the Company signed a consulting agreement with a third-party consultant. Pursuant to the agreement, the Company agreed to pay a total of 1,042 restricted Class A ordinary shares for service term of one year as compensation. The fair value of those restricted shares was assessed at $320,000 based on the stock price of contract dates. On September 23, 2021, the Company signed a consulting agreement with a third-party consultant. Pursuant to the agreement, the Company agreed to pay a total of 1,042 restricted Class A ordinary shares for service term of one year as compensation. The fair value of those restricted shares was assessed at $320,000 based on the stock price of contract dates. On October 19, 2021, the Company issued 88 Class A ordinary shares as compensation to an advisory firm for the related investor relations advisory service. The fair value of those shares was assessed at $21,394 based on the stock price of contract dates. On May 18, 2022, the Company issued 155 Class A ordinary shares as compensation to an advisory firm for the related investor relations advisory service. The fair value of those shares was assessed at $11,564 based on the stock price of contract dates. On January 4, 2023, March 14, 2023, March 27, 2023, April 23, 2023, June 26, 2023 and August 4, 2023, the Company issued 3,788, 12,500, 9,470, 12,626, 43,706 and 79,618 Class A ordinary shares as compensation to an advisory firm for the related investor relations advisory service. The aggregated fair value of those shares was assessed at $1,520,867 based on the stock price of contract dates. On November 29, 2023, the Company signed a consulting agreement with an advisory firm with term of six months. The Company agreed to pay $1,000,000 worth restricted shares as compensation to the advisory firm for the related investor relations advisory service. On December 18, 2023, the Company issued 84,033 restricted Class A ordinary shares to the advisory firm based on the fair market value. On December 8, 2023, the Company signed a consulting agreement with an advisory firm with term of six months. The Company agreed to pay $1,500,000 worth restricted shares as compensation to the advisory firm for the related investor relations advisory service. On December 18, 2023, the Company issued 1,260,504 restricted Class A ordinary shares to the advisory firm based on the fair market value. For the year ended December 31, 2023, 2022 and 2021, the Company recorded a consulting fee expense of $1,698,117, $649,122 and $461,680 included in the share-based compensation expense. As of December 31, 2023 and 2022, there were unrecognized share-based compensation expense related to the shares issued for consulting services amounted to $1,474,999 and $52,249. Restricted share units (“RSUs”) issued for consulting services On June 16, 2022, the board of directors proposed to modify the Company’s Amended 2018 Stock Option Plan), by supplementing various clauses in relation to the grant of Restricted Shares and Restricted Share Units to the employees, Directors and consultants of the Company. On July 15, 2022 the Company signed six consulting agreements with six third-party consultants with term of three years. Pursuant to the agreements, the Company agreed to pay total of 50,000 RSUs (representing 1 ordinary shares of the Company) as compensation for the services after signing of the agreements. The Company issued 50,000 RSUs on July 22, 2022. The fair value of those shares was assessed at $13,080,000 based on the stock price of contract date. For the year ended December 31, 2023 and 2022, the Company recorded a consulting fee expense of $4,360,000 and $1,998,333 included in the share-based compensation expense. As of December 31, 2023 and 2022, there were unrecognized share-based compensation expense related to RSUs issued for consulting services amounted to $6,721,667 and $11,081,667. 2018 Stock option plan On August 18, 2018 and further amended on February 10, 2019, the Board of Directors (“Board”) approved an amended the 2018 Stock Option Plan (the “2018 Plan”). The Plan provides for discretionary grants of stock options to key employees, directors and consultants of the Company. The purpose of the Plan is to attract and retain the best available personnel and to promote the success of the Company’s business. The Board authorized that the maximum aggregate number of ordinary shares reserved and available pursuant to this Plan shall be the aggregate of (i) 4,316 shares, and (ii) on each January 1, starting with January 1, 2019, an additional number of shares equal to the lesser of (A) 2% of the outstanding number of ordinary shares (on a fully-diluted basis) on the immediately preceding December 31, and (B) such lower number of ordinary shares as may be determined by the Committee. The Plan shall become effective on the effective date of the Company’s contemplated initial public offering is completed, which was on April 4, 2019. The grants under the Plan generally have a maximum contractual term of ten years from the date of grant. Stock option awards granted under the plan at the determination of the Board shall be effective and exercisable after the Company’ completion of IPO of its securities. The terms of individual agreements for various grants under the Plan will be determined by the Board (or its Compensation Committee) and might contain both service and performance conditions. The Company believes the options contain an explicit service condition and a performance condition. On July 2, 2020, the Board approved to amend the 2018 Plan to adjust that the maximum aggregate number of ordinary shares reserved and available pursuant to the 2018 Plan shall not at any time exceed 20% of the total number of outstanding Ordinary Shares at the time of issuance, from time to time. Such amendment was approved during shareholders’ annual meeting on July 27, 2020. On January 20, 2023, the Board approved to register all the shares issuable under the Company’s Amended 2018 Plan in a registration statement on a Form S-8 (File No. 333-269513) representing additional 259,473 Class A ordinary shares of the Company reserved for issuance under the Amended 2018 Plan, which are in addition to the 83,211 Class A ordinary shares s registered on the Prior Registration Statement. Accordingly, the number of ordinary shares of the Company issuable upon the exercise of all outstanding options granted under the Amended 2018 Plan is 342,684 Class A ordinary shares. On April 4, 2019, the Board approved to issue 4,377 stock options to its employees under 2018 stock option plan with exercise price of $ 1,200 per share. These options generally have vesting periods of 1-3 years and will expire no later than April 3, 2024. On January 29, 2022, the Board cancelled this plan. On April 4, 2019, the Board approved to issue 1,250 stock options to an external consultant under 2018 stock option plan with exercise price of $900 per share. These options were fully vested upon grant and will expire no later than April 3, 2029. On February 18, 2021, the consultant excised 242 shares options on a cashless basis. On February 6, 2021, the Company issued 100 Class A ordinary shares to the consultant. On May 26, 2021, the Board approved to issue 31,687 stock options to its employees under 2018 stock option plan with exercise price of $292.8 per share. 16,729 of these stock options were fully vested upon grant; 14,958 of these stock options generally have vesting periods of 1-3 years. The options will expire no later than May 26, 2026. On January 26, 2022, the Board approved to amend the exercise price from $292.8 to $ 81.6 per share, 24,208 of these stock options were fully vested upon grant; 7,479 of these stock options was vested in one year after grant. The Company recorded modification expense of $2,139,555. On May 16, 2022, the Board further approved to amend the exercise price from $81.6 to $ 63.6 per share. The Company recorded modification expense of $137,641. On December 20, 2022, the Board further approved to amend the exercise price from $63.6 to $20.16 per share. The Company recorded modification expense of $206,461. The fair value of stock options was determined at the date of grant using the Black-Scholes option pricing model. The Black-Scholes option model requires management to make various estimates and assumptions, including expected term, expected volatility, risk-free rate, and dividend yield. The expected term represents the period of time that stock-based compensation awards granted are expected to be outstanding and is estimated based on considerations including the vesting period, contractual term and anticipated employee exercise patterns. Expected volatility is based on the historical volatility of the Company’s stock. The risk-free rate is based on the U.S. Treasury yield curve in relation to the contractual life of stock-based compensation instruments. The dividend yield assumption is based on historical patterns and future expectations for the Company dividends. For the year ended December 31, 2022, assumptions used to estimate the fair value of stock options on the grant dates are as follows: Options Options Options Amended in May, Options Amended in December, Risk-free interest rate 0.81 % 1.66 % 0.81 % 4.44 % Expected life of the options 5 years 4.33 years 4.03 years 3.43 years Expected volatility 96.0 % 96.0 % 96.0 % 96.0 % Expected dividend yield - % - % - % - % Fair value $ 7,232,526 $ 2,106,163 $ 1,652,811 $ 689,971 A summary of activities of the stock options for the years ended December 31, 2023, 2022 and 2021 is presented as follows: Number of Weighted Weighted Aggregate US$ Year US$ Outstanding as of December 31, 2020 5,627 1,133.36 4.37 - Granted 31,687 292.80 - Exercised (242 ) Outstanding as of December 31, 2021 37,072 416.42 4.23 - Granted - - - - Cancelled (4,377 ) 1,133.36 - - Outstanding as of December 31, 2022 32,695 48.00 3.49 Granted - - - - Cancelled - - - - Outstanding as of December 31, 2023 32,695 47.29 2.49 - Exercisable as of December 31, 2023 32,695 47.29 2.49 - For the year ended December 31, 2023, 2022 and 2021, total share-based compensation expenses recognized for the share options granted were $ nil Private placement On September 1, 2022, the Company entered into a securities purchase agreement with White Lion Capital LLC (“White Lion”). Pursuant to the agreement, White Lion shall purchase up to $15 million of the Company’s Class A ordinary shares at the lowest daily VWAP of the Class A ordinary shares during the Valuation Period by 97%. As of December 31, 2022, the Company issued 95,313 Class A ordinary shares and net proceeds was $3,519,202. In 2023, the Company issued 58,333 Class A ordinary shares and net proceeds was $596,504. On September 9, 2022, the Company entered into a securities purchase agreement with YA II PN, LTD. Pursuant to the agreement, YA II PN, LTD. shall purchase up to $30 million of the Company’s Class A ordinary shares at the market price by 96%, and the company shall issue to YA II PN, LTD. 933 Class A ordinary shares as a commitment fee. As of December 31, 2022, the Company issued 70,979 Class A ordinary shares and net proceeds was $3,511,317. The Company issued 933 Class A ordinary shares for commitment fee on January 1, 2023. In 2023, the Company issued 1,473,634 Class A ordinary shares and net proceeds was $6,864,652. On December 29, 2022, the Company entered into a securities purchase agreement with TBS Capital LP, (“TBS”). Pursuant to the agreement, TBS shall purchase up to $15 million of the Company’s Class A ordinary shares at the market price by 96%, and the company shall issue to Yorkville 933 Class A ordinary shares as a commitment fee. The Company issued 933 Class A ordinary shares for commitment fee on December 15, 2022. In 2023, the Company issued 49,319 Class A ordinary shares and net proceeds was $476,563, the remaining gross balance of $500,000 was collected by March 22, 2024, subsequently. On May 17, 2023, the Company entered into a securities purchase agreement with Spring Field Fund SPC. Pursuant to the agreement, Spring Field Fund SPC shall purchase $600,000 of the Company’s Class A ordinary shares at a higher price of (i)80% of the closing bid price at May 17, 2023; or (ii) a price further negotiated and agreed by both parties upon closing; or (iii) $0.05. Net proceeds of $600,000 was received on May 18, 2023. On November 24, 2023, the Company entered into purchase agreements with twelve investors. The investors agreed to purchase an aggregate of $40,000,000 of the Company’s Class A ordinary shares at a share price of $0.3 per share. The Company issued 130,463,140 Class A ordinary shares on November 24, 2023. Conversion of convertible notes On August 13, 2021, The Company issued an aggregate of 12,727 Class A ordinary shares of the Company YA. The fair value of the conversion note was assessed at $4,445,433 upon conversion based on the binomial model assessed by the independent valuation firm. On September 8 2021, Uptown delivered conversion notice for all convertible notes in an aggregate of principle of $1,650,000. The Company issued an aggregate of 6,985 Class A ordinary shares of the Company to Uptown. The fair value of the conversion note was assessed at $1,897,739 upon conversion based on the binomial model assessed by the independent valuation firm. On May 25, 2022, The Company issued an aggregate of 24,708 Class A ordinary shares of the Company YA (Note 13). The fair value of the conversion note was assessed at $2,261,270 upon conversion based on the binomial model assessed by the independent valuation firm. On December 12, 2022, The Company issued an aggregate of 58,257 Class A ordinary shares of the Company Streeterville (Note 13). The fair value of the conversion note was assessed at $1,534,654 upon conversion based on the binomial model assessed by the independent valuation firm. On February 3, 2023, the Company issued an aggregate of 111,875 Class A ordinary shares of the Company to Streeterville (Note 13). The fair value of the conversion note was assessed at $3,128,453 upon conversion based on the binomial model assessed by the independent valuation firm. Shares issued for reserve On August 5, 2021, the Company issued 16,729 Class A ordinary shares held in an escrow account as reserve solely for potential stock options. On September 20, 2022, the Company issued 10,069 Class A ordinary shares held in an escrow account as reserve solely for potential stock options. As of December 31, 2023, no shares were transferred to the holders. At the market(“ATM”) offering On February 23, 2021, the Company entered into a Sales Agreement (the “Sales Agreement”) with A.G.P./Alliance Global Partners, as sales agent (the “Agent”), pursuant to which the Company may offer and sell, from time to time, through or to the Agent, as sales agent and/or principal (the “Offering”) up to $30,000,000 of its Class A ordinary shares (the “Shares”). Any Shares offered and sold in the Offering will be issued pursuant to the Company’s Registration Statement on Form F-3 (the “Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) on February 23, 2021, and the sales agreement prospectus that forms a part of such Registration Statement, following such time as the Registration Statement is declared effective by the SEC, for an aggregate offering price of up to $200 million. For the year ended December 31, 2021, the Company sold 6,776 Class A ordinary shares through the ATM offering with net proceeds of $5,128,477. For the year ended December 31, 2022, the Company sold 237 Class A ordinary shares through the ATM offering with net proceeds of $56,449, the amount was received on January 28, 2023. Shares issued for long-term investments/acquisitions In connection of the long-term investment of Smartconn, on January 20, 2022, the Company issued 71,410 Class A ordinary shares to the original shareholders of Smartconn as consideration of 19.99% equity interest. The fair value of the shares issued amounted to $8,305,222. In connection of the long-term investment of Boxinrui on June 28, 2022, the Company issued 83,094 Class A ordinary shares to the original shareholders of Boxinrui as consideration of 15% equity interest. The fair value of the shares issued amounted to $6,674,772. On December 28, 2022, the Company further issued 230,419 Class A ordinary shares to the original shareholders of Boxinrui as consideration of 20% equity interest. The fair value of the shares issued amounted to $4,446,163. In connection of the long-term investment of Chenbao, on August 24, 2022, the Company issued23,985 In connection of the long-term investment of DTI, on November 1, 2022, the Company issued 231,278 Class A ordinary shares to the original shareholders of DTI as consideration of 19% equity interest. The fair value of the shares issued amounted to $9,058,701. On January 5, 2023, the Company entered into an equity transfer agreement with a shareholder of Smartconn which the Company agrees to purchase 31% equity of Smartconn at 90% of the appraisal price. The consideration of the Acquisition will be paid in the form of 478,747 Class A ordinary shares of the Company. The fair value of the shares issued amounted to $12,640,062 On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI which the Company agrees to prepaid 698,301Class On March 28, 2023, the Company entered into an equity transfer agreement with fifteen individual shareholders of Boxinrui, pursuant to which the Company agreed to pre-issue 1,151,869 shares to further acquire 65% equity interest in Boxinrui for a consideration in form of 1,151,869 Class A ordinary shares to the Relevant Shareholders. The fair value of the shares issued amounted to $24,078,675. On November 22, 2023, the Company entered into a compensation agreement with the original shareholders of Smartconn. Pursuant to the agreement, the Company shall issue 53,388,709 Class A ordinary shares to the previous shareholders as a compensation due to continuous declining share price. On November 23,2023, the Company fully issued the related compensation shares. The fair value of the shares issued amounted to $30,938,757. On November 22, 2023, the Company entered into a compensation agreement with the original shareholders of Boxinrui. Pursuant to the agreement, the Company shall issue 69,141,256 Class A ordinary shares to the previous shareholders as a compensation due to continuous declining share price. On November 23,2023, the Company fully issued the related compensation shares. The fair value of the shares issued amounted to $40,067,357. Statutory reserve Under PRC law, the Company’s subsidiary located in the PRC (collectively referred as the (“PRC entities”) are required to provide for certain statutory reserves. The PRC entities are required to allocate at least 10% of their after-tax profits on an individual company basis as determined under PRC accounting standards to the statutory reserve and has the right to discontinue allocations to the statutory reserve if such reserve has reached 50% of registered capital on an individual company basis. The Company’s subsidiaries in PRC had accumulated deficits for the years ended December 31, 2023 and 2022, as a result, the statutory reserve balances were $ nil

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Commitments and contingencies	Note 16 — Commitments and contingencies Contingencies In the ordinary course of the business, the Company subject to periodic legal or administrative proceedings. The Company accrues liability when the loss is probable and reasonably estimable. On August 22, 2023, one supplier of the Company filed a lawsuit against the Company for a debt dispute of $1,422,555 (RMB 10,100,000). On November 16, 2023, the court ordered the Company to pay the supplier $1,422,555 (RMB 10,100,000) and related interest. On March 26, 2024. the Court made the final judgement to maintain the original ruling on November 16, 2023. The Company has recorded the disputed amount $1,422,555 (RMB 10,100,000) in the accounts payable and related interest $23,988 (RMB170,311) in accrued expenses and other current liabilities based on the best estimate of the management and the Company’s legal counsel as of December 31, 2023. The supplier also applied an order to freeze total cash of $1,442,243 (RMB10,239,780), which was recorded as restricted cash as of December 31, 2023.

Segment Reporting

Segment Reporting	12 Months Ended
Segment Reporting	Dec. 31, 2023
Segment Reporting [Abstract]
Segment reporting	Note 17 — Segment reporting For the years ended December 31, 2023 and 2022, the Company’s CODM reviewed the financial information of the business carried out by the Company on a consolidated basis. Therefore, the Company has one operating segment, which is the provision of global trade software application and technology services. The Company operates solely in the PRC and all of the Company’s long-lived assets are located in the PRC. The following table presents revenues by the service lines: For the Years Ended December 31, 2023 2022 2021 REVENUES: Application development services* $ 9,780,115 $ 3,847,199 $ 20,323,422 Consulting and technical support services 3,609,158 2,538,500 4,555,352 Subscription services 695,010 758,526 936,913 Trading revenue 2,549,808 3,338,584 6,277,141 Other revenue 190,732 - - Total revenues $ 16,824,823 $ 10,482,809 $ 32,092,828 * For the years ended December 31, 2023, 2022 and 2021, certain application development service arrangements included sales of IT equipment. Such revenue of $2,001,750, $2,609,531 and $14,472,010 was included in the application development service revenue for years ended December 31, 2023, 2022 and 2021, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent events	Note 18 — Subsequent events The Company evaluated all events and transactions that occurred after December 31, 2023 up through the date the Company issued these consolidated financial statements, for disclosure or recognition in the consolidated financial statements of the Company as appropriate.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).
Principles of consolidation	Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All intercompany transactions and balances are eliminated upon consolidation. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. Non-controlling interest represents the portion of the net assets of a subsidiary attributable to interests that are not owned by the Company. The non-controlling interest is presented in the consolidated balance sheets, separately from equity attributable to the shareholders of the Company. Non-controlling interest’s operating result is presented on the face of the consolidated statements of income and comprehensive income as an allocation of the total income for the year between non-controlling shareholders and the shareholders of the Company.
Liquidity	Liquidity For the year ended December 31, 2023, the Company had working capital of negative $760,201 and incurred a net loss of approximately $122.2 million. For fiscal 2023, the Company had negative operation cash flow of approximately $11.2 million. The Company has historically funded its working capital needs primarily from public offering, operations, bank loans, advance payments from customers and shareholders. The working capital requirements are affected by the efficiency of operations, the numerical volume and dollar value of revenue contracts, the progress or execution on customer contracts, and the timing of accounts receivable collections. In assessing its liquidity, the Company monitors and analyzes its cash on hand, its ability to generate sufficient revenue sources in the future and its operating and capital expenditure commitments. As of December 31, 2023, the Company had cash of approximately $3.0 million. On November 24, 2023, the Company entered into purchase agreements with twelve investors. The investors agreed to purchase an aggregate of $40,000,000 of the Company’s Class A ordinary shares at a share price of $0.3 per share. The Company issued 130,463,140 Class A ordinary shares on November 24, 2023. The Company believes that its cash on hand and financing cash flows will be sufficient to fund its operations over at least the next 12 months from the date of this report. However, the Company may need additional cash resources in the future if the Company experiences changed business conditions or other developments, and may also need additional cash resources in the future if the Company wishes to pursue opportunities for investment, acquisition, strategic cooperation or other similar actions. If it is determined that the cash requirements exceed the Company’s amounts of cash on hand, the Company may seek to issue debt or equity securities or obtain a credit facility.
Use of estimates	Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include but not limited to the useful lives of property and equipment and capitalized development cost, impairment of long-lived assets, valuation of accounts receivables, valuation of convertible loans, loans to third parties, revenue recognition and realization of deferred tax assets and uncertain tax positions. Actual results could differ from these estimates.
Foreign currency translation	Foreign currency translation The functional currencies of the Company are the local currency of the county in which the subsidiaries operate. The Company’s financial statements are reported using U.S. Dollars. The results of operations and the consolidated statements of cash flows denominated in foreign currencies are translated at the average rates of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currencies is translated at the historical rates of exchange at the time of capital contributions. Because cash flows are translated based on the average translation rates, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in consolidated statements of changes in equity. Gains and losses from foreign currency transactions are included in the consolidated statement of operations and comprehensive income (loss).
Fair value measurement	Fair value measurement ASC 825-10 requires certain disclosures regarding the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: ● Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived from or corroborated by observable market data. ● Level 3 — inputs to the valuation methodology are unobservable. Unless otherwise disclosed, the fair value of the Company’s financial instruments including cash, notes and accounts receivable, due from related parties, deposits and other current assets, notes and accounts payable, customer deposits, salaries and benefits payables and due to related party approximates their recorded values due to their short-term maturities. The fair value of the deposits and other assets and loans to third parties approximate their carrying amounts because the deposits were paid in cash. Assets and Liabilities Measured or Disclosed at Fair Value on a recurring basis The following tables represent the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023: As of December 31, 2023 Fair Value Measurement at the Reporting Date using Quoted Significant Significant Total Financial liabilities: Put option liability from Smartconn acquisition $ - $ - $ - $ - Put option liability from Boxinrui acquisition - - - - Convertible loan - - 5,020,633 5,020,633 Total $ - $ - $ 5,020,633 $ 5,020,633 Financial instrument -put option liabilities (i) Put option liability from Smartconn acquisition In connection with the Smartconn acquisition, the previous shareholder of Smartconn may be entitled to receive put option shares as follow: Within two years after the Company acquired, if the consideration shares’ price is lower than the payment date price, the previous shareholder will be entitled to receive compensation shares. On November 22, 2023, both parties entered into a compensation agreement. Pursuant to the agreement, the Company shall issue 53,388,709 to the previous shareholders as a compensation due to continuous declining share price. On November 23, 2023, the Company fully issued the related compensation shares. Upon the closing of the Smartconn acquisition, the Company recorded the fair value of the financial instrument resulted from put option liability and recorded the changes in fair value in earnings. The Company determined the fair value of the financial instrument using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: January 5, December 31, Risk-free interest rate 4.4 % - % Underlying share price $ 26.40 $ - Volatility 74.49 % - Exercise Price $25.68~120.00 $ - Option life (years) 2 - (ii) Put option liability from Boxinrui acquisition In connection with the Boxinrui acquisition, the previous shareholder of Boxinrui may be entitled to receive put option shares as follow: Within two years after the Company acquired, if the consideration shares’ price is lower than the payment date price, the previous shareholder will be entitled to receive compensation shares. On November 22, 2023, both parties entered into a compensation agreement. Pursuant to the agreement, the Company shall issue 69,141,256 to the previous shareholders as a compensation due to continuous declining share price. On November 23, 2023, the Company fully issued the related compensation shares. Upon the closing of the Boxinrui acquisition, the Company recorded the fair value of the financial instrument resulted from put option liability and recorded the changes in fair value from in earnings. The Company determined the fair value of the financial instrument using binomial model, which includes significant unobservable inputs that are classified as level 3 in the fair value hierarchy. A binomial model uses random numbers, together with the assumption of volatility, risk-free rate, expected dividend rate, to generate individual stock price paths. The major assumptions used in the binomial model are as follows: March 28, December 31, Risk-free interest rate 3.98 % - % Underlying share price $ 20.90 $ - Volatility 73.53 % - Exercise Price $ 22.38~72.00 $ - Option life (years) 2 - The following is a reconciliation of the beginning and ending balances for put options measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2023 and 2022: December 31, December 31, 2023 2022 Opening balance $ - $ - Loss on change in fair value of put options from Smartconn acquisition 30,938,757 - Loss on change in fair value of put options from Boxinrui acquisition 40,067,358 Shares issued (71,006,115 ) - Total $ - $ - Convertible loan The Company elected the fair value option to account for its convertible loan. The Company engaged an independent valuation firm to perform the valuation. The fair value of the convertible loans is calculated using the binomial tree model. The convertible loans are classified as level 3 instruments as the valuation was determined based on unobservable inputs which are supported by little or no market activity and reflect the Company’s own assumptions in measuring fair value. Significant estimates used in developing the fair value of the convertible loans include time to maturity, risk-free interest rate, straight debt discount rate, probability to convert and expected timing of conversion. Refer to Note 13 for additional information. As the inputs used in developing the fair value for level 3 instruments are unobservable, and require significant management estimate, a change in these inputs could result in a significant change in the fair value measurement. The following is a reconciliation of the beginning and ending balances for convertible notes measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2023 and 2022: December 31, December 31, 2023 2022 Opening balance $ 9,079,966 $ 2,251,832 Issuance of convertible note - 7,979,983 Loss on change in fair value of convertible notes 21,166 2,448,936 Accrued interest 297,954 195,139 Cash repaid (1,250,000 ) - Conversion of convertible notes (3,128,453 ) (3,795,924 ) Total $ 5,020,633 $ 9,079,966
Cash and cash equivalent	Cash and cash equivalent Cash and cash equivalent comprise cash at banks and on hand, which includes deposits with original maturities of three months or less with commercial banks in PRC. As of December 31, 2023 and 2022, cash balances were $2,991,563 and $9,380,322, respectively.
Restricted cash	Restricted cash Restricted cash represents cash that cannot be withdrawn without the permission of third parties. The Company’s restricted cash is substantially cash balance in designated bank accounts as security for payment processing and lawsuit. As of December 31, 2023 and 2022, restricted cash consists of cash equivalents of $1,723,937 and $ nil
Accounts receivable, net	Accounts receivable, net Accounts receivable represents the amounts that the Company has an unconditional right to consideration and is recorded net of allowance for credit losses. In 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASC Topic 326”), which amends previously issued guidance regarding the impairment of financial instruments by creating an impairment model that is based on expected losses rather than incurred losses. The Group has adopted this ASC Topic 326 and several associated ASUs on January 1, 2023 using a modified retrospective approach. The adoption has no material impact to the Group’s consolidated financial statements. The Company estimated allowance for credit losses to reserve for potentially uncollectible receivable amounts periodically, considering factors in assessing the collectability of its accounts receivable, such as historical distribution of the age of the amounts due, payment history, creditworthiness, forward-looking factor, historical collections data of the customers, to assess the credit risk characteristics. If there is strong evidence indicating that the accounts receivable is likely to be unrecoverable, the Group also makes specific allowance in the period in which a loss is determined to be probable. Accounts receivable are considered impaired and written-off when it is probable that all contractual payments due will not be collected after all collection efforts have been exhausted.
Prepayments, deposits and other assets, net	Prepayments, deposits and other assets, net Prepayment, deposit and other assets, net, primarily consists of advances to suppliers for purchasing goods or services that have not been received or provided; security deposits made to our customers; advances to employees prepayment for potential acquisition and antique art pieces obtained in lieu of debt repayment. Prepayment, deposit and other assets are classified as either current or non-current based on the terms of the respective agreements and periods when they are expected to be realized. These advances are unsecured and these advances and antique art pieces are reviewed periodically to determine whether their carrying value has become impaired.
Property and equipment, net	Property and equipment, net Property and equipment, net, mainly comprise furniture and furniture, vehicles, compute, equipment and buildings are stated at cost less accumulated depreciation and impairment. Property and equipment are depreciated over the estimated useful lives of the assets on a straight-line basis, after considering the estimated residual value. The estimated useful lives are as follows: Useful Life Office equipment, fixtures and furniture 3-10 years Automobiles 5-8 years Computer equipment 5 years Buildings 28 years Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments which substantially extend the useful life of assets are capitalized. The cost and the related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is charged to the statement of income and comprehensive income.
Intangible assets, net	Intangible assets, net The Company’s intangible assets mainly include capitalized development costs, purchased software and acquired software from business acquisitions. The Company follows the provisions of Accounting Standards Codification (“ASC”) 985-20, “Costs of Software to be Sold, Leased, or Marketed.” ASC 985-20 provides guidance on capitalization of the costs of software developed or obtained for sold, leased, or marketed. The Company expenses all costs incurred during the preliminary project stage of its development, and capitalizes costs incurred during the application development stage. Costs incurred relating to upgrades and enhancements to the application are capitalized if it is determined that these upgrades or enhancements add additional functionality to the application. The capitalized development cost is amortized on a straight-line basis over the estimated useful life, which is generally five years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. Useful Life Capitalized development costs 5 years Purchased software 5 years Software from business combinations 10 years
Impairment for long-lived assets other than goodwill	Impairment for long-lived assets other than goodwill Long-lived assets, including property, equipment, furniture and fixtures and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. When these events occur, the Company measures impairment by comparing the carrying values of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flows is less than the carrying amounts of the assets, the Company would recognize an impairment loss based on the excess of the carrying value over the assessed discounted cash flow amount. For the year ended December 31, 2023, due to slow development of Smartconn, the Company evaluated the recoverability of long-lived assets by comparing the carrying amount of the assets to the future undiscounted cash flows expected to result from the use of the assets and their eventual disposition and determined that the fair value of intangible assets of Smartconn was less than carrying value. Therefore, the Company impaired the intangible assets acquired from the acquisition of Smartconn of $2,272,829 for the year ended December 31, 2023. For the years ended December 31, 2022 and 2021 the Company recognized $ nil
Long-term investments	Long-term investments Long-term investments are primarily consisted of equity investments in privately held entities accounted for using the measurement alternative and equity investments accounted for using the equity method. On January 1, 2022, the Company adopted ASU 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. According to the guidance, the Company started to record equity investments at fair value, with gains and losses recorded through net earnings. And the Company elected to measure certain equity investments without readily determinable fair value at cost, less impairments, plus or minus observable price changes and assess for impairment quarterly. Equity investments without readily determinable fair values After the adoption of this new accounting standard, the Company elected to record equity investments without readily determinable fair values and not accounted for under the equity method at cost, less impairment, adjusted for subsequent observable price changes on a nonrecurring basis, and report changes in the carrying value of the equity investment in current earnings. Changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. Reasonable efforts shall be made to identify price changes that are known or that can reasonably be known. Equity investments with readily determinable fair values Equity investments with readily determinable fair values are measured and recorded at fair value using the market approach based on the quoted prices in active markets at the reporting date. Equity investments accounted for using the equity method The Company accounts for its equity investment over which it has significant influence but does not own a majority equity interest or otherwise control, using the equity method. The Company adjusts the carrying amount of the investment and recognizes investment income or loss for its share of the earnings or loss of the investee after the date of investment. The Company assesses its equity investment for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the entity, including current earnings trends and undiscounted cash flows, and other entity-specific information. The fair value determination, particularly for investments in a privately held entity, requires judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investment and determination of whether any identified impairment is other-than-temporary.
Business combinations	Business combinations The cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any noncontrolling interests. The excess of (i) the total of the cost of the acquisition, fair value of the noncontrolling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the identifiable net assets of the acquiree, the difference is recognized directly in earnings. The determination and allocation of fair values to the identifiable net assets acquired, liabilities assumed and noncontrolling interest is based on various assumptions and valuation methodologies requiring considerable judgment. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows. The Company determines discount rates to be used based on the risk inherent in the acquiree’s current business model and industry comparisons. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from forecasted amounts and the differences could be material.
Goodwill	Goodwill Goodwill is the cost of acquired companies in excess of the fair value of identifiable net assets at acquisition date. Goodwill is not subject to amortization, but rather is evaluated for impairment at least annually. The Company evaluates its goodwill for impairment during the fourth quarter of its fiscal year or more frequently if indicators of potential impairment exist, in accordance with ASC 350, Intangibles - Goodwill and Other. Goodwill impairment is determined by comparing the estimated fair value of a reporting unit (generally defined as the businesses for which financial information is available and reviewed regularly by management) with its respective carrying value. If the estimated fair value exceeds the carrying value, goodwill at the reporting unit level is not deemed to be impaired. However, if the estimated fair value is below carrying value, further analysis is required to determine the amount of the impairment. In the course of evaluating the potential impairment of goodwill, the Company may perform either a qualitative or a quantitative assessment. The Company’s qualitative assessment of potential impairment may result in the determination that a quantitative impairment analysis is not necessary. Under this elective process, the Company assesses qualitative factors to determine whether the existence of events or circumstances leads the Company to determine that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If after assessing the totality of events and circumstances, the Company determines it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing a quantitative analysis is not required. However, if the Company concludes otherwise, then the Company performs a quantitative impairment analysis. If the Company either chooses not to perform a qualitative assessment, or the Company chooses to perform a qualitative assessment but is unable to qualitatively conclude that no impairment has occurred, then the Company performs a quantitative evaluation. In the case of a quantitative assessment, the Company estimates the fair value of the reporting unit with which the goodwill that is subject to the quantitative analysis is associated and compares it to the carrying value. If the estimated fair value of a reporting unit is less than its carrying value, the excess is recorded as a goodwill impairment, which is limited to the total amount of goodwill allocated to that reporting unit. For the year ended December 31, 2023, the Company performed the impairment test and determined that the fair value of goodwill acquired from the acquisition of Boxinrui and Smartconn was less than carrying value. The Company impaired the goodwill acquired from the acquisition of Boxinrui and Smartconn of $8,580,543 and $21,105,559 for the year ended December 31, 2023.
Revenue recognition	Revenue recognition The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“ASC 606”) on January 1, 2019 using the modified retrospective approach. Revenues for the years ended December 31, 2023, 2022 and 2021 were presented under ASC 606. There is no adjustment to the opening balance of retained earnings at January 1, 2019 since there was no change to the timing and pattern of revenue recognition upon adoption of ASC 606. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to the Company’s customers in an amount of consideration to which an entity expects to be entitled to in exchange for those goods or services and is recorded net of value-added tax (“VAT”). To achieve that core principle, the Group applies the following steps: Step 1: Identify the contract (s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation The Company derives its revenues from four sources: (1) revenue from application development services, (2) revenue from consulting and technical support services, (3) revenue from subscription services, (4) trading revenue and (5) others revenue. All of the Company’s contracts with customer do not contain cancelable and refund-type provisions. (1) Revenue from application development service The Company’s application development service contracts are primarily on a fixed-price basis, which require the Company to perform services including project planning, project design, application development and system integration based on customers’ specific needs. These services also require significant production and customization. Upon delivery of the services, customer acceptance is generally required. In the same contract, the Company is generally required to provide post-contract customer support (“PCS’) for a period from three months to three years (“PCS period”) after the customized application development services are delivered. The type of services for PCS clause is generally not specified in the contracts or as stand-ready services on when-and-if-available basis. The unspecified PCS is stand-ready service on when-and-if-available basis. It grants the customers on line and telephone access to technical support personnel during the term of the service. Specified PCS includes specified service term in the contract such as training. The Company’s application development service revenues are generated primarily from contracts with PRC government or related agencies and state-owned enterprises. The contracts contain negotiated billing terms which generally include multiple payment phases throughout the contract term and a significant portion (30% - 50%) of contract amount usually is billed upon the completion of the related projects. Pursuant to the contract terms, the Company has enforceable right on payments for the work performed. The Company sometimes provides a warranty for its application development service contracts. The warranty period is typically 12-36 months upon the completion of the application development service. In accordance with ASC 606-10-25-19, the Company believes the warranty provision in the contracts generally represents service-type warranty, which is a distinct performance obligation and the Company also provides the similar service on standalone basis and customers can benefit from the related service-type warranty service. For the service warranty component, the customer simultaneously receives and consumes the benefits provided by the company performance over the warranty term, therefore, the service warranty is satisfied over time. The revenue allocated to the service warranty is recognized over the warranty period. The Company assesses that application development service, PCS or specific service and service-type warranty, if applicable, are distinct performance obligations in the application development service contracts. The Company provides these services on standalone basis and customers are able to benefit from each of the service on its own. In addition, the timing of delivery of these performance obligations can be separately identifiable in the contracts. The transaction price is allocated to these identified performance obligations based on the relative standalone selling prices. The transaction price allocated to PCS or unspecific service and service-type warranty, if applicable, on a straight-line method over the contractual period. Revenue allocated to specified PCS is recognized as the related services are rendered. The transaction price allocated to application development service is recognized over time as the Company’s performance creates or enhances the project controlled by the customer and the control is transferred continuously to our customers. The Company uses an input method based on cost incurred as the Company believes that this method most accurately reflects the Company’s progress toward satisfaction of the performance obligation, which usually takes less than one year. Under this method, the transaction price allocated to application development service is recognized as work is performed based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligations. Incurred costs include all direct material, labor and subcontract costs, and those indirect costs related to application development performance, such as indirect labor, supplies, and tools. Cost-based input method requires the Company to make estimates of revenues and costs to complete the construction. In making such estimates, significant judgment is required to evaluate assumptions related to the costs to complete the application development, including materials, labor, and other system costs. The Company’s estimates are based upon the professional knowledge and experience of our engineers and project managers to assess the contract’s schedule, performance, technical matters. The Company has adequate cost history and estimating experience, and with respect to which management believes it can reasonably estimate total development costs. If the estimated costs are greater than the related revenues, the Company recognizes the entire estimated loss in the period the loss becomes known and can be reasonably estimated. Changes in estimates for application development services include but not limited to cost forecast changes and change orders. The cumulative effect of changes in estimates is recorded in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. To date, the Company has not incurred a material loss on any contracts. However, as a policy, provisions for estimated losses on such engagements will be made during the period in which a loss becomes probable and can be reasonably estimated. If contract modifications result in additional goods or services that are distinct from those transferred before the modification, they are accounted for prospectively as if the Company entered into a new contract. If the goods or services in the modification are not distinct from those in the original contract, sales and gross profit are adjusted using the cumulative catch-up method for revisions in estimated total contract costs and contract values. In certain application development service arrangements, the Company sells and delivers IT equipment on standalone basis prior to the delivery of the services. In these cases, the Company controls the IT equipment before they are transferred to the customer. The Company has the right to direct the suppliers and control the goods or assets transferred to its customers. Thus, the Company considers it should recognize revenue as a principal in the gross amount of consideration to which it is entitled in exchange for the IT equipment delivered. The Company assesses the sale of equipment is separately identifiable from other promises in the contract and it is distinct performance obligation within the context of the contract. Accordingly, the revenue from the related IT equipment based on its relative standalone selling price is recognized upon customer acceptance after delivery. (2) Revenue from consulting and technical support services Revenue from consulting and technical support services is primarily comprised of fixed-fee contracts, which require the Company to provide professional consulting and technical support services over contract terms beginning on the commencement date of each contract, which is the date its service is made available to customers. Billings to the customers are generally on a monthly or quarterly basis over the contract term, which is typically 12 to 24 months. The consulting and technical support services contracts typically include a single performance obligation. The revenue from consulting and technical support services is recognized over the contract term on a straight-line basis as customers receive and consume benefits of such services. (3) Revenue from subscription services Revenue from subscription services is comprised of subscription fees from customers accessing the Company’s software-as-a-service applications for a subscribed period. The Company’s monthly or quarterly billing to customer is on the basis of number of uses or the actual usage by the customers. The subscription arrangements are considered service contracts because customers do not have the right to take possession of the software and can only benefit from the software when provided the right to access the software. Accordingly, the subscription services contracts typically include a single performance obligation. The revenue from subscription services is recognized over the contract term on a straight-line basis or based on the actual usage as customers receive and consume benefits of such services. (4) Trading revenue The Company started trading business for the year ended December 31, 2021 and recognized revenue at a point in time when control of such products transfers to the customer, which generally occurs upon shipment or delivery depending on the terms of the contracts with the customer. Product sale contracts typically include a single performance obligation and there are no rights of return. The transaction price is based on the fixed contractual price with the customer. Billings to the customer for the sale of products occur at the time the products are transferred to the customer. (5) Others revenue In April 2023, the Company started regional authorization membership program to engage independent merchant to assist in developing specified geographical regions. The program grants non-exclusive geographical territory business development to the authorized distributors within that defined territory. The Company’s services under regional cooperation agreements include marketing support to advertise as well as utilization of the Company’s trademark and copyrights for business promotion purpose. The term of cooperation agreements is typically one to two years. The Company charges a fixed amount authorization fee which is non-refundable and to be paid upon execution of an authorization agreement. For all the Company’s cooperation agreements, the amount of fee is fixed or determinable and no right of return provision indicated in the agreement. Since the Company provides no financing to authorized distributors and offers no guarantees on their behalf, the services provided by the Company are considered to represent a single performance obligation. The agreement price is fully allocated to the single performance obligation. The total authorization fees are recognized ratably on a straight-line basis over the term of the cooperation agreements. Other revenues accounted for 1.1% of the Company’s revenue for the year ended December 31, 2023. Revenue includes reimbursements of travel and out-of-pocket expense, with equivalent amounts of expense recorded in cost of revenue. The Company reports revenues net of value added tax (“VAT”). The Company’s subsidiaries in PRC are subject to a 3% to 13% value added tax (“VAT”) and related surcharges on the revenues earned from providing services or products. Practical Expedient and Exemptions The Company does not disclose the value of unsatisfied performance obligations within one year by applying the right to invoice practical expedient provided by ASC 606-10-55-18.
Contract balance	Contract balance The accounts receivable includes both unbilled accounts receivable and billed accounts receivable. The Company records unbilled accounts receivable for revenue that has been recognized in advance of billing the customer, which is common for application development service contracts. The unbilled accounts receivable represents the Company’s right to consideration in exchange for the service that the Company has performed to the customer before payment is due and the unbilled account receivable will be reclassified into billed accounts receivable when the Company has the right to invoice. Contract liabilities are presented as deferred revenue on the consolidated balance sheet. Contract liabilities relate to payments received in advance of completion of performance obligations under a contract. Contract liabilities are recognized as revenue upon the completion of performance obligations. As of December 31, 2023 and 2022 the balance of deferred revenue amounted to $2,175,896 and $1,376,998, respectively.
Government subsidies	Government subsidies Government subsidies mainly represent amounts granted by local government authorities as an incentive for companies to promote development of the local technology industry. The Company receives government subsidies related to government sponsored projects, and records such government subsidies as a liability when it is received. The Company records government subsidies as other income when there is no further performance obligation.
Advertising expenditures	Advertising expenditures Advertising expenditures are expensed as incurred and such expenses were minimal for the periods presented. Advertising expenditures have been included as part of selling and marketing expenses. For the years ended December 31, 2023, 2022 and 2021, the advertising expense amounted to $44,120, $25,373 and $279,979, respectively.
Operating leases	Operating leases The Company adopted Topic 842 on January 1, 2022 using the modified retrospective transition approach. The Company has lease contracts for factory and office space under operating leases. The Company determines whether an arrangement constitutes a lease and records lease liabilities and right-of-use assets on its consolidated balance sheets at lease commencement. The Company measures its lease liabilities based on the present value of the total lease payments not yet paid discounted based on the more readily determinable of the rate implicit in the lease or its incremental borrowing rate, which is the estimated rate the Company would be required to pay for a collateralized borrowing equal to the total lease payments over the term of the lease. The Company estimates its incremental borrowing rate based on an analysis of weighted average interest rate of its own bank loans. The Company measures right-of-use assets based on the corresponding lease liability adjusted for payments made to the lessor at or before the commencement date, and initial direct costs it incurs under the lease. The Company begins recognizing lease expense when the lessor makes the underlying asset available to the Company. For leases with lease term less than one year (short-term leases), the Company records operating lease expense in its consolidated statements of operations on a straight-line basis over the lease term and record variable lease payments as incurred.
Income taxes	Income taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. No significant penalties or interest relating to income taxes have been incurred during the years ended December 31, 2023, 2022 and 2021. All of the tax returns of the Company’s subsidiary in China remain subject to examination by the tax authorities for five years from the date of filing.
Value added tax	Value added tax Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13%, depending on the type of service provided. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in taxes payable. All of the VAT returns filed by the Company’s subsidiary in China, have been and remain subject to examination by the tax authorities for five years from the date of filing.
Employee defined contribution plan	Employee defined contribution plan Full time employees of the Company in the PRC participate in a government mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the Company make contributions to the government for these benefits based on a certain percentage of the employee’s salaries. The Company has no legal obligation for the benefits beyond the contributions. The total amount was expensed as incurred.
Loss per share	Loss per share The Company computes (loss) earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential Ordinary Shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential Ordinary Shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the years ended December 31, 2023, 2022 and 2021, since the company had a loss, basic and dilutive loss per share is the same.
Share-Based compensation	Share-Based compensation The Company accounts for share-based awards to employees and nonemployees directors and consultants in accordance with the provisions of ASC 718, Compensation—Stock Compensation, and under the recently issued guidance following FASB’s pronouncement, ASU 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. Under ASC 718, and applicable updates adopted, for employee stock-based awards, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight-line basis over the requisite service period for the entire award. For the non-employee stock-based awards, the fair value of the awards to non-employees are measured every reporting period based on the value of the Company’s common stock.
Comprehensive income (loss)	Comprehensive income (loss) Comprehensive income (loss) consists of two components, net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) refers to revenue, expenses, gains and losses that under U.S. GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive income (loss) consists of a foreign currency translation adjustment resulting from the Company not using the U.S. dollar as its functional currencies.
Statement of Cash Flows	Statement of Cash Flows In accordance with ASC 230, “Statement of Cash Flows,” cash flows from the Company’s operations are formulated based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statements of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Company is subject to contingencies, including legal proceedings and claims arising out of the business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments including historical and the specific facts and circumstances of each matter.
Segment reporting	Segment reporting The Company’s chief operating decision maker (“CODM”) has been identified as its CEO, who reviews the consolidated results when making decisions about allocating resources and assessing performance of the Company as a whole and hence, the Company has only one reportable segment. The Company does not distinguish between markets or segments for the purpose of internal reporting. The Company’s long-lived assets are substantially all located in the PRC and all of the Company’s revenues are derived from the PRC. Therefore, no geographical segments are presented.
Concentrations of Risks	Concentrations of Risks (a) Concentration of credit risk Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash, restricted cash, accounts receivable and other current assets. The maximum exposure of such assets to credit risk is their carrying amounts as at the balance sheet dates. As of December 31, 2023 and 2022, the aggregate amount of cash and restricted cash of $4,056,150 and $5,418,450, respectively, were held at major financial institutions in PRC mainland, which the management believes are of high credit quality. On May 1, 2015, China’s new Deposit Insurance Regulation came into effect, pursuant to which banking financial institutions, such as commercial banks, established in China are required to purchase deposit insurance for deposits in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Group’s accounts, as its aggregate deposits are much higher than the compensation limit. However, the Group believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in China and the Group believes that those Chinese banks are financially sound based on public available information. The Company conducts credit evaluations of its customers and suppliers, and generally does not require collateral or other security from them. The Company establishes an accounting policy for allowance for doubtful accounts on the individual customer’s and supplier’s financial condition, credit history, and the current economic conditions. (b) Foreign currency risk A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance. The Company’s functional currency is the RMB, and the Company’s financial statements are presented in U.S. dollars. The RMB deprecation by 8.2% in fiscal year 2022 and further deprecation by 2.9% in fiscal year 2023. It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the RMB and the U.S. dollar in the future. The change in the value of the RMB relative to the U.S. dollar may affect our financial results reported in the U.S. dollar terms without giving effect to any underlying changes in our business or results of operations. Currently, our assets, liabilities, revenues and costs are denominated in RMB. To the extent that the Company needs to convert U.S. dollars into RMB for capital expenditures and working capital and other business purposes, appreciation of RMB against U.S. dollar would have an adverse effect on the RMB amount the Company would receive from the conversion. Conversely, if the Company decides to convert RMB into U.S. dollar for the purpose of making payments for dividends, strategic acquisition or investments or other business purposes, appreciation of U.S. dollar against RMB would have a negative effect on the U.S. dollar amount available to the Company. (c) Significant customers For the year ended December 31, 2023, three customers accounted for 27.1%, 15.5% and 15.1% of the Company’s total revenues. For the year ended December 31, 2022, one customer accounted for 31.8% of the Company’s total revenues. For the year ended December 31, 2021, one customer accounted for 12.8% of the Company’s total revenues. As of December 31, 2023, one customer accounted for 15.9% of the Company’s accounts receivable. As of December 31, 2022, no customer accounted for more than 10% of the Company’s accounts receivable. (d) Significant suppliers For the year ended December 31, 2023, three suppliers accounted for 36.8%, 21.0% and 20.2% of the Company’s total purchases, respectively. For the year ended December 31, 2022, three suppliers accounted for 38.1%, 14.8% and 12.1% of the Company’s total purchases, respectively. For the year ended December 31, 2021, one supplier accounted for 15.8% of the Company’s total purchases. As of December 31, 2023, one supplier accounted for 24.5% of the Company’s total accounts payable. As of December 31, 2022, one supplier accounted for 10.9% of the Company’s total accounts payable.
Reclassifications	Reclassifications Intangible asset was separated from property and equipment as of December 31, 2023 and retroactively reclassified as of December 31, 2022. Customer deposits was combined to deferred revenue as of December 31, 2023 and retroactively reclassified as of December 31, 2022.
Recently issued accounting pronouncements	Recently issued accounting pronouncements The Company considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (“the JOBS Act”), the Company meets the definition of an emerging growth company, or EGC, and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. In October 2021, the FASB issued ASU No. 2021-08, “‘Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (“ASU 2021-08”). This ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The amendments are effective for the Company beginning after December 15, 2023, and are applied prospectively to business combinations that occur after the effective date. The Company does not expect the adoption of ASU 2021-04 will have a material effect on the financial statements. Except for the above-mentioned pronouncements, there are no new recent issued accounting standards that will have a material impact on the consolidated financial position, statements of operations and cash flows.

Nature of Business and Organi_2

Nature of Business and Organization (Tables)	12 Months Ended
Nature of Business and Organization (Tables)	Dec. 31, 2023
Nature of Business and Organization [Abstract]
Schedule of Details of Company's Principal Subsidiaries	As of December 31, 2023, the details of the Company’s principal subsidiaries are as follows: Major subsidiaries Percentage of Date of Place of Major Operation Powerbridge Holding Limited (“Powerbridge HK”) 100% by X3 July 27, 2018 Hong Kong, PRC Investment holding Boxinrui International Holdings Limited (“Boxinrui”) 100% by X3 August 5, 2021 BVI Investment holding Hongding Technology Co., Ltd (“Hongding”) 100% by X3 July 28, 2020 Hong Kong, PRC Investment holding Powercrypto Holding Pte. Ltd. (“Powercrypto”) 100% by X3 October 1, 2021 Singapore Management consultancy services Powercrypto Inc (1) 100% by X3 April 5, 2022 USA Management consultancy services X3 HOLDINGS PTE. LTD. 100% by X3 November 8, 2023 Singapore Investment holding Powerbridge High Technologies Holding Co., Ltd 100% by X3 January 11, 2023 Macau Investment holding Powerbridge Technology Group Co., Ltd. (“Powerbridge Zhuhai”) 100% by Powerbridge HK October 30, 1997 the PRC Software application and technology services Powerstream Supply Chain Co., Ltd. (“Powerstream”) 100% by Powerbridge HK August 17, 2021 the PRC Supply chain business Powermeta Digital Co., Ltd. (“Powermeta”) 100% by Powerbridge HK January 21, 2022 the PRC Software application and technology services Powerstream Capital Co., Ltd. (“Powerstream Capital”) (2) 100% by Powerbridge HK August 11, 2022 the PRC Investment, software application and technology services Powerbridge Digital Trade (HK) Co., Limited 51% by Powerbridge HK June 26, 2023 Hong Kong, PRC Investment holding SmartConn Co.Limited(“SmartConn”) 50.99% by Powerbridge HK December 14, 2020 Hong Kong, PRC Investment holding Hong Kong Anxin Jieda Co., Limited (“Anxin Jieda”) 100% by Boxinrui November 30, 2021 Hong Kong, PRC Investment holding Shenzhen Hongding Interconnect Technology Co., Ltd. (3) 100% by Hongding October 21, 2020 the PRC Software application and technology services Shenzhen Honghao Internet Technology Co., Ltd (“Honghao”) 100% by Hongding July 28, 2020 the PRC Software application and technology services Wuhan Honggang Technology Co., Ltd (“Honggang”) 60% by Powerbridge Zhuhai June 21, 2019 the PRC Software application and technology services Chongqing Powerbridge Zhixin Technology Co., Ltd (“Zhixin”) (4) 45% by Powerbridge Zhuhai September 2, 2019 the PRC software application and technology services Hongxi Data Technology Co., Ltd. 70% by Powerbridge Zhuhai February 8, 2021 Macau Software application and technology services Zhuhai Hongyang Supply Chain Co., Ltd. (“Zhuhai Hongyang”) 60% by Powerbridge Zhuhai July 21, 2021 the PRC Supply chain business Ningbo Zhijing Tongfu Technology Co., Ltd. (“Ningbo Zhijing”) 51% by Powerbridge Zhuhai April 25, 2021 the PRC software application and technology services Hunan Powerverse Digital Co., Ltd. 51% by Powerbridge Zhuhai March 9, 2023 the PRC Software application and technology services Metafusion Digital Co., Ltd (“Metafusion”) 66% by Powermeta Digital February 15, 2022 the PRC Software application and technology services Shanghai Stamp Technolog Co., Ltd. 100% by SmartConn December 9, 2018 the PRC Software application and technology services Ascendent Insight Education Co., Ltd. (“Ascendent”) 90% by Anxin Jieda January 7, 2020 the PRC Software application and technology services Xingtai Ningyao Technology Co., Ltd. 100% by Ascendent December 17, 2022 the PRC Software application and technology services Agro Digital Fintech Co., Ltd. (5) 51% by Powerbridge Zhuhai July 6, 2023 the PRC Digital finance business Guangdong Hongqiao 51% by Powerbridge Zhuhai November 28, 2023 the PRC Software application and technology services (1) On August 25, 2023, the name was changed to Powercrypto Inc. (2) Powerstream Capital was deregistered on April 12, 2024 subsequently. (3) Shenzhen Hongding Interconnect Technology Co., Ltd was deregistered on August 8, 2023. (4) Certain third-party shareholders of Zhixin signed consents with the Company for the year ended December 31, 2022, which stated that the Company has the power and control to direct the activities that most significantly impact Zhixin and they unconditionally vote by consensus with the Company in all the board decisions. As such, the Company consolidates the financial results of Zhixin based on the voting power. Zhixin was deregistered on June 13, 2023. (5) Agro Digital Fintech Co., Ltd. was deregistered on March 14, 2024, subsequently.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables represent the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023: As of December 31, 2023 Fair Value Measurement at the Reporting Date using Quoted Significant Significant Total Financial liabilities: Put option liability from Smartconn acquisition $ - $ - $ - $ - Put option liability from Boxinrui acquisition - - - - Convertible loan - - 5,020,633 5,020,633 Total $ - $ - $ 5,020,633 $ 5,020,633
Schedule of Fair Value Measurement	The major assumptions used in the binomial model are as follows: January 5, December 31, Risk-free interest rate 4.4 % - % Underlying share price $ 26.40 $ - Volatility 74.49 % - Exercise Price $25.68~120.00 $ - Option life (years) 2 - March 28, December 31, Risk-free interest rate 3.98 % - % Underlying share price $ 20.90 $ - Volatility 73.53 % - Exercise Price $ 22.38~72.00 $ - Option life (years) 2 -
Schedule of Recurring Basis using Significant Unobservable Inputs	The following is a reconciliation of the beginning and ending balances for put options measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2023 and 2022: December 31, December 31, 2023 2022 Opening balance $ - $ - Loss on change in fair value of put options from Smartconn acquisition 30,938,757 - Loss on change in fair value of put options from Boxinrui acquisition 40,067,358 Shares issued (71,006,115 ) - Total $ - $ - December 31, December 31, 2023 2022 Opening balance $ 9,079,966 $ 2,251,832 Issuance of convertible note - 7,979,983 Loss on change in fair value of convertible notes 21,166 2,448,936 Accrued interest 297,954 195,139 Cash repaid (1,250,000 ) - Conversion of convertible notes (3,128,453 ) (3,795,924 ) Total $ 5,020,633 $ 9,079,966
Schedule of Estimated Useful Lives	The estimated useful lives are as follows: Useful Life Office equipment, fixtures and furniture 3-10 years Automobiles 5-8 years Computer equipment 5 years Buildings 28 years Useful Life Capitalized development costs 5 years Purchased software 5 years Software from business combinations 10 years

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
Acquisition (Tables)	Dec. 31, 2023
Acquisition [Abstract]
Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed	Upon the acquisition, the Company recognized a loss of approximately $0.3 million in fair value change for the previous 19.99% equity interests in Smartconn. Amount Total consideration for step acquisition $ 12,813,305 Assets acquired and liabilities assumed: Cash acquired 49,496 Property and equipment, net 305 Intangible assets, net 19,226,106 Current liabilities (83,496 ) Total net assets acquired 19,192,411 Previous held 19.99% Equity Value (7,962,586 ) 31% Equity Value with noncontrolling interest (19,522,079 ) Goodwill $ 21,105,559 Boxinrui. Amount Total consideration for step acquisition $ 24,078,675 Assets acquired and liabilities assumed: Cash acquired 10,258 Other current assets 1,034,968 Property and equipment, net 10,975 Intangible assets, net 17,984,093 Current liabilities (211,718 ) Total net assets acquired 18,828,576 Previous held 31.5% Equity Value (13,937,461 ) 10% Equity Value with non-controlling interests (4,424,591 ) Goodwill $ 23,612,151

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
Accounts Receivable, Net (Tables)	Dec. 31, 2023
Accounts Receivable, Net [Abstract]
Schedule of Accounts Receivable, Net	Accounts receivable, net, consists of the following: As of December 31, 2023 2022 Accounts receivable $ 28,620,423 $ 21,895,260 Less: Allowance for credit losses (7,133,370 ) (7,080,677 ) Total accounts receivable, net $ 21,487,053 $ 14,814,583
Schedule of Movement of Allowance for Doubtful Accounts	Movement of allowance for credit losses is as follows: As of December 31, 2023 2022 2021 Beginning balance $ 7,080,677 $ 2,607,600 $ 1,581,142 Provision for credit losses 256,834 4,783,518 1,011,760 Written-off (6,214 ) - (34,879 ) Foreign currency translation adjustments (197,927 ) (310,441 ) 49,577 Ending balance $ 7,133,370 $ 7,080,677 $ 2,607,600

Prepayments, Deposits and Oth_2

Prepayments, Deposits and Other Assets, Net (Tables)	12 Months Ended
Prepayments, Deposits and Other Assets, Net (Tables)	Dec. 31, 2023
Prepayments, Deposits and Other Assets, Net [Abstract]
Schedule of Prepayments, Deposits and Other Assets, Net	Prepayments, deposits and other assets, net consisted of the following: As of December 31, 2023 2022 Security deposits (1) $ 248,146 $ 216,446 Advances to suppliers 2,032,099 564,810 Advances to employees 46,293 141,249 Prepaid expense 1,099,950 976,788 Prepayment for potential acquisition (2) 15,906,186 - Antique art pieces (3) 59,651,975 - Others 6,511 139,976 78,991,160 2,039,269 Less: Long term portion (76,274,752 ) (226,544 ) Allowance for credit losses (281,694 ) (364,973 ) Prepayments, deposits and other assets – current portion $ 2,434,714 $ 1,447,752 (1) Security deposits mainly represent contract fulfillment deposits required by customer for specific projects, rent deposits and etc. (2) On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI Group Limited (“DTI”), pursuant to which the Company agreed to prepay 698,301 shares (equivalent to $15,906,186) to purchase 32% equity of DTI. (3) Details refer to Note 6
Schedule of Allowance for Credit Losses	Movement of allowance for credit losses is as follows: As of December 31, 2023 2022 2021 Beginning balance $ 364,973 $ 313,844 $ 306,513 Provision for credit losses - 75,000 88,846 Written-off (75,000 ) - (88,846 ) Foreign currency translation adjustments (8,279 ) (23,871 ) 7,331 Ending balance $ 281,694 $ 364,973 $ 313,844

Loan Receivable (Tables)

Loan Receivable (Tables)	12 Months Ended
Loan Receivable (Tables)	Dec. 31, 2023
Loan Receivable [Abstract]
Schedule of Loan Receivable	Loan receivable consisted of the following: As of December 31, 2023 2022 Unsecured loan receivable from third parties (1) $ 1,318,998 $ - Guaranteed loan receivable from media business (2) - 59,612,192 1,318,998 59,612,192 Allowance for doubtful accounts (281,694 ) - Loan receivable, net $ 1,037,304 $ 59,612,192 (1) As of December 31, 2023, loans to third parties represent the balance the company lend to various third-parties for their working capital needs at rate of 0%-5% per annum. (2) Pursuant to the agreement with Shenzhen Kezhi Technology Co., Ltd.(“Kezhi”) on September 25, 2020 and a series of amendments entered during the period from September 25, 2020 to May 16, 2021, the Company intends to expand to media business through Kezhi. The Company originally planned to acquire certain media business assets from Kezhi, however, due to uncertainties in COVID-19, the Company and Kezhi ultimately reached into a final agreement (“Final agreement”) on May 16, 2021. Pursuant to the Final agreement, the Company agreed to extend a working capital support loan to Kezhi in aggregated of $62,581,163 (RMB444,320,000) with expected annual returns over two years and coupon interest rate of 5%. The company collected $4,670,881 (RMB33,162,788) in fiscal year 2022. On January 5, 2023, the Company, Kezhi, the guarantor and the guarantor’s senior management Mr. Su Haoqing, entered into a debt extinguish agreement. Pursuant to the agreement, Mr. Su Haoqing settled the remaining $59,651,975 (RMB411,157,212) debt by rendering 20 antique art pieces. The company have performed a valuation for accounting recognition purposes by a third-party valuation company.

Long Term Investment (Tables)

Long Term Investment (Tables)	12 Months Ended
Long Term Investment (Tables)	Dec. 31, 2023
Long Term Investment [Abstract]
Schedule of Long Term Investment	Equity Cost method Total Balance as of January 1, 2022 $ - $ - $ - Additions 11,120,935 19,643,260 30,764,195 Balance as of December 31, 2022 11,120,935 19,643,260 30,764,195 Share of gain in equity method investee 70,947 - 70,947 Decrease due to acquired (11,191,882 ) (8,305,222 ) (19,497,104 ) Foreign currency translation adjustments - (65,073 ) (65,073 ) Balance as of December 31, 2023 $ - $ 11,272,965 $ 11,272,965 (i) During the year ended December 31, 2022, the Company invested $434,960 (RMB3.0 million) cash and issued 23,985 Class A ordinary shares (equivalent to $1,844,377) for 5.0% equity interest in Shenzhen Chenbao Information service Co., Ltd. (“Chenbao”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On January 20, 2022, the Company invested issued 71,410 Class A ordinary shares (equivalent to $8,305,222) for 19.99% equity interest in SamartConn CO., Limited (“SamartConn”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On January 18, 2023, the Company purchased additional 31% equity of Smartconn (See note 3). On November 1, 2022, the Company invested issued 231,278 Class A ordinary shares (equivalent to $9,058,701) for 19% equity interest in DTI Group Limited (“DTI”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI which the Company agrees to prepay 698,301 Class A ordinary shares (equivalent to $15,906,186) to purchase 32% equity of DTI. On January 1, 2022, the Company gained 5% equity interest in Guangzhou Xingsheng Information Technology Limited for $0 consideration, in which the Company does not have significant influence and such investment does not have readily determinable fair values. (ii) On June 28, 2022, the Company invested issued 83,094 Class A ordinary shares (split-adjusted, equivalent to $6,674,772) for 15% equity interest in Boxinrui International Holdings Limited (“Boxinrui”) in which the Company does not have significant influence and such investment do not have readily determinable fair values. On December 28, 2022, the Company further issued 230,419 Class A ordinary shares (equivalent to $4,446,163) for 20% equity interest in Boxinrui International Holdings Limited. As a result, the Company considers it has significant influence on this investment based on its voting power. During the year ended December 31, 2023, the Company recorded shares of gain of $70,947. On March 28, 2023, the Company entered into an equity transfer agreement with fifteen individual shareholders of Boxinrui, pursuant to which the Company agreed to further acquire 65% equity interest in Boxinrui (See note 3).

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
Property and Equipment, Net (Tables)	Dec. 31, 2023
Property and Equipment, Net [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net, consist of the following: As of December 31, 2023 2022 Computer equipment $ 414,230 $ 380,055 Office equipment, fixtures and furniture 1,997,452 2,033,617 Automobiles 184,308 189,325 Buildings 4,580,571 4,715,189 Construction in Progress 618,661 - Subtotal 7,795,222 7,318,186 Less: accumulated depreciation (1,892,273 ) (1,484,268 ) Property and equipment, net $ 5,902,949 $ 5,833,918

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
Intangible Assets, Net (Tables)	Dec. 31, 2023
Intangible Assets, Net [Abstract]
Schedule of Intangible Assets, Net	Intangible assets, net, consist of the following: As of December 31, 2023 2022 Capitalized development costs (1) $ 11,416,518 $ 10,478,966 Purchased software 395,446 407,067 Software from business combinations 36,101,237 - Subtotal 47,913,201 10,886,033 Less: accumulated amortization (10,614,005 ) (5,723,309 ) Impairment of capitalized development cost and software acquired (2,266,746 ) Intangible assets, net $ 35,032,450 $ 5,162,724 (1) The Company capitalized development costs related to its core supporting modules of the global trade applications and solutions incurred during the application development stage.

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
Related Party Balances and Transactions (Tables)	Dec. 31, 2023
Related Party Balances and Transactions [Abstract]
Schedule of Relationship of Related Parties	The relationship of related parties Name of Related Party Relationship to the Company Guangzhou Jiatu Culture Media Co., Ltd. (formerly as Guangzhou Powerbridge Blockchain Co., Ltd.) (1) Company has significant influence over with this entity Ban Lor Co-founder, CEO’s brother Stewart Lor CEO Yuxia Xu CFO Hong Yu shareholder of Zhixin Shanghai Stamp Technology Co., Ltd. The Company owns equity interest Phillip Tao Qiu Independent Director Guangodong Guangrui Network Technology Co., Ltd. (Guangdong Guangrui) Company has significant influence over with this entity. Xiaoyan Liu Shareholder of Ascendent Zhongchuan Dadi (Beijing) Technology Co., LTD Shareholder of Ascendent Shanghai Yue See cultural development Co., LTD Shareholder of Metafusion (1) On June 2, 2022, the Company’s CFO sold the equity interest in Jiatu Culture Media Co., Ltd., so Jiatu Culture Media Co., Ltd. no longer considered as a related party.
Schedule of Due from Related Parties	Due from related parties As of December 31, 2023 2022 Shanghai Stamp Technology Co., Ltd. (1) $ - $ 172,811 Ban Lor (2) 17,155 37,638 Stewart Lor (2) 452,598 1,566,478 Yuxia Xu 207,236 363,666 Phillip Tao Qiu (2) 600,000 - Xiaoyan Liu (2) 87,990 - Subtotal $ 1,364,979 $ 2,140,593 (1) In connection with the acquisition of Smartconn, the balance was effectively settled. (2) From time to time, the Company advances funds to senior management for business purpose. Due to related parties As of December 31, 2023 2022 Hong Yu (1) $ - $ 118,114 Shanghai Yue See cultural development Co., LTD (1) 39,985 - Zhongchuan Dadi (Beijing) Technology Co., LTD (1) 223 - Subtotal $ 40,208 $ 118,114 (1) The above balances represent unpaid loan and expenses to these related parties.
Schedule of Related Party Transactions	Related party transactions For the years ended 2023 2022 2021 Guangzhou Guangrui (1) Service fees $ - $ - $ 725,362 Guangzhou Jiatu Culture Media Co., Ltd. Service fees $ - $ 62,667 $ - Stewart Lor Interest income $ 50,663 $ 117,569 $ - Yuxia Xu Interest income $ 16,778 $ 22,802 $ - Shanghai Stamp Technology Co., Ltd. Interest income $ - $ 1,771 $ - Shanghai Yue See cultural development Co., LTD Service revenue $ 4,195 $ - $ - (1) As the disposal of Shantou Hongrui in February 2022, Guangzhou Guangrui was no longer considered as a related party.

Bank Loans (Tables)

Bank Loans (Tables)	12 Months Ended
Bank Loans (Tables)	Dec. 31, 2023
Bank Loans [Abstract]
Schedule of Outstanding Balance of Short-Term Bank Loans	Outstanding balance of short-term bank loans consisted of the following: December 31, December 31, Loan from Bank of Communication $ 2,816,942 $ 2,174,796 Loan from Bank of China - 434,959 Loan from SPD Bank 1,126,776 - $ 3,943,718 $ 2,609,755

Lease (Tables)

Lease (Tables)	12 Months Ended
Lease (Tables)	Dec. 31, 2023
Lease [Abstract]
Schedule of Operating Leases	Supplemental balance sheet information related to operating leases was as follows: December 31, December 31, Right-of-use assets, net $ 357,007 $ 211,585 Operating lease liabilities - current 260,728 91,587 Operating lease liabilities - non-current 109,956 101,992 Total operating lease liabilities $ 370,684 $ 193,579
Schedule of Weighted Average Remaining Lease Terms and Discount Rates for all of Operating Leases	The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of December 31, 2023: Remaining lease term and discount rate: Weighted average remaining lease term (years) 1.5 years Weighted average discount rate 5.0 %
Schedule of Maturities of Lease Liabilities	The following is a schedule of maturities of lease liabilities as of December 31, 2023: Twelve months ending December 31, Amount 2024 $ 271,791 2025 111,009 Total future minimum lease payments 382,800 Less: imputed interest (12,116 ) Present value of lease liabilities $ 370,684

Convertible Notes (Tables)

Convertible Notes (Tables)	12 Months Ended
Convertible Notes (Tables)	Dec. 31, 2023
Convertible Notes Payable [Member]
Convertible Notes (Tables) [Line Items]
Schedule of Conversion of Convertible Notes	The fair value of the convertible note is calculated using the binomial tree model based on probability of remaining as straight debt using discounted cash flow with the following assumptions February 9, Risk-free interest rate 0.53-0.91 % Expected life 0.20-0.48 year Discount rate 9.33-11.22 % Expected volatility 80.48-143.72 % Expected dividend yield 0 % Fair value $ 2,261,270 November 8, Risk-free interest rate 4.66-4.72 % Expected life 0.70-0.83 year Discount rate 1137-11.72 % Expected volatility 99.91-103.93 % Expected dividend yield 0 % Fair value $ 1,534,654 January 10, Risk-free interest rate 4.75-4.81 % Expected life 0.59-0.65 year Discount rate 10.96-11.37 % Expected volatility 109.85-113.95 % Expected dividend yield 0 % Fair value $ 3,128,453 December 31, Risk-free interest rate 5.25 % Expected life - year Discount rate 10.66 % Expected volatility 89.66 % Expected dividend yield 0 % Fair value $ 5,020,633

Taxes (Tables)

Taxes (Tables)	12 Months Ended
Taxes (Tables)	Dec. 31, 2023
Taxes [Abstract]
Schedule of Provision for Income Taxes	Significant components of the provision for income taxes are as follows: For the years ended December 31, 2023 2022 2021 Current $ 9,354 $ (563,650 ) $ 135 Deferred (66,695 ) (435,741 ) (174,076 ) Total income tax benefit $ (57,341 ) $ (999,391 ) $ (173,941 )
Schedule of Effective Tax Rate	The following table reconciles China statutory rates to the Company’s effective tax rate: For the years ended December 31, 2023 2022 2021 PRC statutory rates 25.0 % 25.0 % 25.0 % Preferential tax rates (0.4 )% (2.9 )% (25.8 )% R&D credits 0.2 % 1.5 % 3.0 % Change in valuation allowance and others (24.8 )% (19.2 )% (0.4 )% Effective tax rate 0.0 % 4.4 % 1.8 %
Schedule of Deferred Tax Assets	The significant components of the deferred tax assets are as follows: As of December 31, 2023 2022 Deferred tax assets: Provision for credit losses $ 1,268,962 $ 1,260,557 Depreciation and amortization 185,676 162,980 Net operating loss carryforward 2,496,584 1,388,155 Valuation allowance (2,932,049 ) (1,831,039 ) Total deferred tax assets $ 1,019,173 $ 980,653
Schedule of Taxes Payable	Taxes payable consists of the following: As of December 31, 2023 2022 Income taxes payable $ 5,889 $ - VAT and other tax payable 174,553 110,843 Totals $ 180,442 $ 110,843

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Dec. 31, 2023
Equity [Abstract]
Schedule of Estimate the Fair Value of Stock Options	For the year ended December 31, 2022, assumptions used to estimate the fair value of stock options on the grant dates are as follows: Options Options Options Amended in May, Options Amended in December, Risk-free interest rate 0.81 % 1.66 % 0.81 % 4.44 % Expected life of the options 5 years 4.33 years 4.03 years 3.43 years Expected volatility 96.0 % 96.0 % 96.0 % 96.0 % Expected dividend yield - % - % - % - % Fair value $ 7,232,526 $ 2,106,163 $ 1,652,811 $ 689,971
Schedule of Activities of the Stock Options	A summary of activities of the stock options for the years ended December 31, 2023, 2022 and 2021 is presented as follows: Number of Weighted Weighted Aggregate US$ Year US$ Outstanding as of December 31, 2020 5,627 1,133.36 4.37 - Granted 31,687 292.80 - Exercised (242 ) Outstanding as of December 31, 2021 37,072 416.42 4.23 - Granted - - - - Cancelled (4,377 ) 1,133.36 - - Outstanding as of December 31, 2022 32,695 48.00 3.49 Granted - - - - Cancelled - - - - Outstanding as of December 31, 2023 32,695 47.29 2.49 - Exercisable as of December 31, 2023 32,695 47.29 2.49 -

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
Segment Reporting (Tables)	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Revenues	The following table presents revenues by the service lines: For the Years Ended December 31, 2023 2022 2021 REVENUES: Application development services* $ 9,780,115 $ 3,847,199 $ 20,323,422 Consulting and technical support services 3,609,158 2,538,500 4,555,352 Subscription services 695,010 758,526 936,913 Trading revenue 2,549,808 3,338,584 6,277,141 Other revenue 190,732 - - Total revenues $ 16,824,823 $ 10,482,809 $ 32,092,828 * For the years ended December 31, 2023, 2022 and 2021, certain application development service arrangements included sales of IT equipment. Such revenue of $2,001,750, $2,609,531 and $14,472,010 was included in the application development service revenue for years ended December 31, 2023, 2022 and 2021, respectively.

Nature of Business and Organi_3

Nature of Business and Organization (Details) - Schedule of Details of Company's Principal Subsidiaries	12 Months Ended
	Dec. 31, 2023
Powerbridge Holding Limited (“Powerbridge HK”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3
Date of Incorporation	Jul. 27, 2018
Place of Incorporation	Hong Kong, PRC
Major Operation	Investment holding
Boxinrui International Holdings Limited (“Boxinrui”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3
Date of Incorporation	Aug. 05, 2021
Place of Incorporation	BVI
Major Operation	Investment holding
Hongding Technology Co., Ltd (“Hongding”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3
Date of Incorporation	Jul. 28, 2020
Place of Incorporation	Hong Kong, PRC
Major Operation	Investment holding
Powercrypto Holding Pte. Ltd. (“Powercrypto”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3
Date of Incorporation	Oct. 01, 2021
Place of Incorporation	Singapore
Major Operation	Management consultancy services
Powercrypto Inc [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3	[1]
Date of Incorporation	Apr. 05, 2022	[1]
Place of Incorporation	USA	[1]
Major Operation	Management consultancy services	[1]
X3 HOLDINGS PTE. LTD. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3
Date of Incorporation	Nov. 08, 2023
Place of Incorporation	Singapore
Major Operation	Investment holding
Powerbridge High Technologies Holding Co., Ltd [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by X3
Date of Incorporation	Jan. 11, 2023
Place of Incorporation	Macau
Major Operation	Investment holding
Powerbridge Technology Group Co., Ltd. (“Powerbridge Zhuhai”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Powerbridge HK
Date of Incorporation	Oct. 30, 1997
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Powerstream Supply Chain Co., Ltd. (“Powerstream”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Powerbridge HK
Date of Incorporation	Aug. 17, 2021
Place of Incorporation	the PRC
Major Operation	Supply chain business
Powermeta Digital Co., Ltd. (“Powermeta”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Powerbridge HK
Date of Incorporation	Jan. 21, 2022
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Powerstream Capital Co., Ltd. (“Powerstream Capital”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Powerbridge HK	[2]
Date of Incorporation	Aug. 11, 2022	[2]
Place of Incorporation	the PRC	[2]
Major Operation	Investment, software application and technology services	[2]
Powerbridge Digital Trade (HK) Co., Limited [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	51% by Powerbridge HK
Date of Incorporation	Jun. 26, 2023
Place of Incorporation	Hong Kong, PRC
Major Operation	Investment holding
SmartConn Co.Limited(“SmartConn”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	50.99% by Powerbridge HK
Date of Incorporation	Dec. 14, 2020
Place of Incorporation	Hong Kong, PRC
Major Operation	Investment holding
Hong Kong Anxin Jieda Co., Limited (“Anxin Jieda”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Boxinrui
Date of Incorporation	Nov. 30, 2021
Place of Incorporation	Hong Kong, PRC
Major Operation	Investment holding
Shenzhen Hongding Interconnect Technology Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Hongding	[3]
Date of Incorporation	Oct. 21, 2020	[3]
Place of Incorporation	the PRC	[3]
Major Operation	Software application and technology services	[3]
Shenzhen Honghao Internet Technology Co., Ltd (“Honghao”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Hongding
Date of Incorporation	Jul. 28, 2020
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Wuhan Honggang Technology Co., Ltd (“Honggang”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	60% by Powerbridge Zhuhai
Date of Incorporation	Jun. 21, 2019
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Chongqing Powerbridge Zhixin Technology Co., Ltd (“Zhixin”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	45% by Powerbridge Zhuhai	[4]
Date of Incorporation	Sep. 02, 2019	[4]
Place of Incorporation	the PRC	[4]
Major Operation	software application and technology services	[4]
Hongxi Data Technology Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	70% by Powerbridge Zhuhai
Date of Incorporation	Feb. 08, 2021
Place of Incorporation	Macau
Major Operation	Software application and technology services
Zhuhai Hongyang Supply Chain Co., Ltd. (“Zhuhai Hongyang”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	60% by Powerbridge Zhuhai
Date of Incorporation	Jul. 21, 2021
Place of Incorporation	the PRC
Major Operation	Supply chain business
Ningbo Zhijing Tongfu Technology Co., Ltd. (“Ningbo Zhijing”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	51% by Powerbridge Zhuhai
Date of Incorporation	Apr. 25, 2021
Place of Incorporation	the PRC
Major Operation	software application and technology services
Hunan Powerverse Digital Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	51% by Powerbridge Zhuhai
Date of Incorporation	Mar. 09, 2023
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Metafusion Digital Co., Ltd (“Metafusion”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	66% by Powermeta Digital
Date of Incorporation	Feb. 15, 2022
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Shanghai Stamp Technolog Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by SmartConn
Date of Incorporation	Dec. 09, 2018
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Ascendent Insight Education Co., Ltd. (“Ascendent”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	90% by Anxin Jieda
Date of Incorporation	Jan. 07, 2020
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Xingtai Ningyao Technology Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	100% by Ascendent
Date of Incorporation	Dec. 17, 2022
Place of Incorporation	the PRC
Major Operation	Software application and technology services
Agro Digital Fintech Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	51% by Powerbridge Zhuhai	[5]
Date of Incorporation	Jul. 06, 2023	[5]
Place of Incorporation	the PRC	[5]
Major Operation	Digital finance business	[5]
Guangdong Hongqiao Digital Technology Co ., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of Ownership	51% by Powerbridge Zhuhai
Date of Incorporation	Nov. 28, 2023
Place of Incorporation	the PRC
Major Operation	Software application and technology services

[1]On August 25, 2023, the name was changed to Powercrypto Inc.[2] Powerstream Capital was deregistered on April 12, 2024 subsequently. Certain third-party shareholders of Zhixin signed consents with the Company for the year ended December 31, 2022, which stated that the Company has the power and control to direct the activities that most significantly impact Zhixin and they unconditionally vote by consensus with the Company in all the board decisions. As such, the Company consolidates the financial results of Zhixin based on the voting power. Zhixin was deregistered on June 13, 2023. Agro Digital Fintech Co., Ltd. was deregistered on March 14, 2024, subsequently.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)				12 Months Ended
	Nov. 24, 2023	Nov. 22, 2023	Mar. 24, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 18, 2023	May 18, 2022	Oct. 19, 2021	Sep. 08, 2021	Aug. 13, 2021	Feb. 18, 2021	Feb. 06, 2021	Jul. 30, 2020
Summary of Significant Accounting Policies [Line Items]
Working capital (in Dollars)				$ 760,201
Net loss (in Dollars)				122,200,000
Operation cash flow (in Dollars)				11,200,000
Cash (in Dollars)				2,991,563	$ 9,380,322
Share issued (in Shares)					95,313		84,033	155		6,985	12,727			101
Shareholders compensation (in Shares)			698,301
Cash balances (in Dollars)				2,991,563	$ 9,380,322
Restricted cash (in Dollars)				1,723,937
Intangible assets acquired (in Dollars)				2,272,829
Impairment long-lived assets (in Dollars)
Goodwill acquired (in Dollars)				$ 19,497,104
Revenue rate				1.10%
Balance of customer deposits (in Dollars)				$ 2,175,896	1,376,998
Advertising expense (in Dollars)				$ 44,120	25,373	$ 279,979
Income tax benefit percentage				50%
VAT rates				13%
Cash and restricted cash (in Dollars)				$ 4,715,500	$ 9,380,322	$ 7,056,248
Depreciation percentage				2.90%	8.20%
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Contract amount				30%
VAT percentage				3%
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Contract amount				50%
VAT percentage				13%
Customer One [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				27.10%	31.80%	12.80%
Customer One [Member] \| Accounts Receivable Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				15.90%
Customers Two [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				15.50%
Customers Three [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				15.10%
Class A Ordinary Shares [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate Purchase (in Dollars)	$ 40,000,000
Share price (in Dollars per share)	$ 0.3
Share issued (in Shares)	130,463,140			49,319			1,260,504		88			242	100
Suppliers One [Member] \| Purchases Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				36.80%	38.10%	15.80%
Suppliers One [Member] \| Accounts Payable Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				24.50%	10.90%
Suppliers Two [Member] \| Purchases Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				21%	14.80%
Suppliers Three [Member] \| Purchases Benchmark [Member] \| Customer Concentration Risk [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage				20.20%	12.10%
Cash Equivalents [Member]
Summary of Significant Accounting Policies [Line Items]
Cash and restricted cash (in Dollars)				$ 4,056,150	$ 5,418,450
Smartconn Acquisition [Member]
Summary of Significant Accounting Policies [Line Items]
Shareholders compensation (in Shares)		53,388,709
Goodwill acquired (in Dollars)				21,105,559
Boxinrui Acquisition [Member]
Summary of Significant Accounting Policies [Line Items]
Shareholders compensation (in Shares)		69,141,256
Goodwill acquired (in Dollars)				$ 8,580,543

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - Fair Value, Recurring [Member]	Dec. 31, 2023 USD ($)
Financial liabilities:
Total	$ 5,020,633
Put Option Liability from Smartconn Acquisition [Member]
Financial liabilities:
Total
Put Option Liability from Boxinrui Acquisition [Member]
Financial liabilities:
Total
Convertible Loan [Member]
Financial liabilities:
Total	5,020,633
Quoted price in active markets for identical assets Level 1 [Member]
Financial liabilities:
Total
Quoted price in active markets for identical assets Level 1 [Member] \| Put Option Liability from Smartconn Acquisition [Member]
Financial liabilities:
Total
Quoted price in active markets for identical assets Level 1 [Member] \| Put Option Liability from Boxinrui Acquisition [Member]
Financial liabilities:
Total
Quoted price in active markets for identical assets Level 1 [Member] \| Convertible Loan [Member]
Financial liabilities:
Total
Significant other observable inputs Level 2 [Member]
Financial liabilities:
Total
Significant other observable inputs Level 2 [Member] \| Put Option Liability from Smartconn Acquisition [Member]
Financial liabilities:
Total
Significant other observable inputs Level 2 [Member] \| Put Option Liability from Boxinrui Acquisition [Member]
Financial liabilities:
Total
Significant other observable inputs Level 2 [Member] \| Convertible Loan [Member]
Financial liabilities:
Total
Significant unobservable inputs Level 3 [Member]
Financial liabilities:
Total	5,020,633
Significant unobservable inputs Level 3 [Member] \| Put Option Liability from Smartconn Acquisition [Member]
Financial liabilities:
Total
Significant unobservable inputs Level 3 [Member] \| Put Option Liability from Boxinrui Acquisition [Member]
Financial liabilities:
Total
Significant unobservable inputs Level 3 [Member] \| Convertible Loan [Member]
Financial liabilities:
Total	$ 5,020,633

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurement - $ / shares			12 Months Ended
	Mar. 28, 2023	Jan. 05, 2023	Dec. 31, 2023
Put Option Liability from Smartconn Acquisition [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate		4.40%
Underlying share price		$ 26.4
Volatility		74.49%
Exercise Price
Option life (years)		2 years
Put Option Liability from Smartconn Acquisition [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise Price		$ 25.68
Put Option Liability from Smartconn Acquisition [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise Price		$ 120
Put Option Liability from Boxinrui Acquisition [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate	3.98%
Underlying share price	$ 20.9
Volatility	73.53%
Exercise Price
Option life (years)	2 years
Put Option Liability from Boxinrui Acquisition [Member] \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise Price	$ 22.38
Put Option Liability from Boxinrui Acquisition [Member] \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise Price	$ 72

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Recurring Basis using Significant Unobservable Inputs - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening balance
Loss on change in fair value of put options from Smartconn acquisition	30,938,757
Loss on change in fair value of put options from Boxinrui acquisition	40,067,358
Shares issued	(71,006,115)
Loss on change in fair value of convertible notes	(21,166)	(2,448,936)	$ (1,508,229)
Ending balance
Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Opening balance	9,079,966	2,251,832
Issuance of convertible note		7,979,983
Loss on change in fair value of convertible notes	21,166	2,448,936
Accrued interest	297,954	195,139
Cash repaid	(1,250,000)
Conversion of convertible notes	(3,128,453)	(3,795,924)
Ending balance	$ 5,020,633	$ 9,079,966	$ 2,251,832

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives	Dec. 31, 2023
Office equipment, fixtures and furniture [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	3 years
Office equipment, fixtures and furniture [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	10 years
Automobiles [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years
Automobiles [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	8 years
Computer equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years
Buildings [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	28 years
Capitalized development costs and software acquired [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years
Purchased software [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	5 years
Software from business combinations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives [Line Items]
Estimated useful lives	10 years

Acquisition (Details)

Acquisition (Details) - USD ($)			12 Months Ended
Acquisition (Details) - USD ($)	Mar. 28, 2023	Jan. 05, 2023	Dec. 31, 2023
Acquisition (Details) [Line Items]
Appraisal price percentage		90%
Newly issued shares (in Shares)	1,151,869	478,747
Fair value of shares (in Dollars)	$ 24,078,675	$ 12,640,062
Recognized loss (in Dollars)			$ 300,000
Percentage of acquisition	35%
Recognized gain (in Dollars)			2,700,000
Impairment of goodwill (in Dollars)			8,580,543
Minimum [Member]
Acquisition (Details) [Line Items]
Impairment of intangible asset and goodwill (in Dollars)			2,272,829
Maximum [Member]
Acquisition (Details) [Line Items]
Impairment of intangible asset and goodwill (in Dollars)			$ 21,105,559
Smartconn Acquisition [Member]
Acquisition (Details) [Line Items]
Equity interest percentage			19.99%
Boxinrui Acquisition [Member]
Acquisition (Details) [Line Items]
Equity interest percentage			35%
Smartconn Acquisition [Member]
Acquisition (Details) [Line Items]
Equity interest		31%
Consideration amount (in Dollars)		$ 173,243
Smartconn Acquisition [Member] \| Minimum [Member]
Acquisition (Details) [Line Items]
Acquisition percentage		19.99%
Intangible assets			5 years
Smartconn Acquisition [Member] \| Maximum [Member]
Acquisition (Details) [Line Items]
Acquisition percentage		50.99%
Intangible assets			10 years
Boxinrui Acquisition [Member]
Acquisition (Details) [Line Items]
Acquisition percentage	100%
Equity interest	65%
Business Combination [Member]
Acquisition (Details) [Line Items]
Intangible assets			10 years

Acquisition (Details) - Schedul

Acquisition (Details) - Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed - USD ($)	Mar. 28, 2023	Jan. 05, 2023
Smartconn Acquisition [Member]
Acquisition (Details) - Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed [Line Items]
Total consideration for step acquisition		$ 12,813,305
Assets acquired and liabilities assumed:
Cash acquired		49,496
Property and equipment, net		305
Intangible assets, net		19,226,106
Current liabilities		(83,496)
Total net assets acquired		19,192,411
Previous held Equity Value		(7,962,586)
Equity Value with noncontrolling interest		(19,522,079)
Goodwill		$ 21,105,559
Boxinrui Acquisition [Member]
Acquisition (Details) - Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed [Line Items]
Total consideration for step acquisition	$ 24,078,675
Assets acquired and liabilities assumed:
Cash acquired	10,258
Other current assets	1,034,968
Property and equipment, net	10,975
Intangible assets, net	17,984,093
Current liabilities	(211,718)
Total net assets acquired	18,828,576
Previous held Equity Value	(13,937,461)
Equity Value with noncontrolling interest	(4,424,591)
Goodwill	$ 23,612,151

Acquisition (Details) - Sched_2

Acquisition (Details) - Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed (Parentheticals)	Mar. 28, 2023	Jan. 05, 2023
Smartconn Acquisition [Member]
Acquisition (Details) - Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed (Parentheticals) [Line Items]
Equity Value		19.99%
Equity Value noncontrolling interest		31%
Boxinrui Acquisition [Member]
Acquisition (Details) - Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed (Parentheticals) [Line Items]
Equity Value	31.50%
Equity Value noncontrolling interest	10%

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	Apr. 24, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Net [Line Items]
Unbilled accounts receivable		$ 10,030,721	$ 10,027,584
Total account receivable		$ 21,487,053	$ 14,814,583
Percentage of billed accounts receivable	5.60%	7.60%
Accounts Receivable [Member]
Accounts Receivable, Net [Line Items]
Percentage of billed accounts receivable		2%
Forecast [Member] \| Accounts Receivable [Member]
Accounts Receivable, Net [Line Items]
Total account receivable	$ 1,600,000

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable, Net - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Accounts Receivable, Net [Line Items]
Accounts receivable	$ 28,620,423	$ 21,895,260
Less: Allowance for credit losses	(7,133,370)	(7,080,677)
Total accounts receivable, net	$ 21,487,053	$ 14,814,583

Accounts Receivable, Net (Det_3

Accounts Receivable, Net (Details) - Schedule of Movement of Allowance for Doubtful Accounts - Allowance for Credit Losses [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Movement of Allowance for Doubtful Accounts [Line Items]
Beginning balance	$ 7,080,677	$ 2,607,600	$ 1,581,142
Provision for credit losses	256,834	4,783,518	1,011,760
Written-off	(6,214)		(34,879)
Foreign currency translation adjustments	(197,927)	(310,441)	49,577
Ending balance	$ 7,133,370	$ 7,080,677	$ 2,607,600

Prepayments, Deposits and Oth_3

Prepayments, Deposits and Other Assets, Net (Details) - USD ($)				1 Months Ended
	Mar. 28, 2023	Mar. 24, 2023	Jan. 05, 2023	Mar. 24, 2023
Prepayments, Deposits and Other Assets, Net [Line Items]
Prepayment of company		698,301
Fair value	$ 24,078,675		$ 12,640,062	$ 15,906,186
Percentage of equity		32%		32%
DTI Group Limited [Member]
Prepayments, Deposits and Other Assets, Net [Line Items]
Fair value		$ 15,906,186

Prepayments, Deposits and Oth_4

Prepayments, Deposits and Other Assets, Net (Details) - Schedule of Prepayments, Deposits and Other Assets, Net - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Schedule of Prepayments, Deposits and Other Assets, Net [Abstract]
Security deposits	[1]	$ 248,146	$ 216,446
Advances to suppliers		2,032,099	564,810
Advances to employees		46,293	141,249
Prepaid expense		1,099,950	976,788
Prepayment for potential acquisition	[2]	15,906,186
Antique art pieces	[3]	59,651,975
Others		6,511	139,976
Prepayments, deposits and other assets, net		78,991,160	2,039,269
Less: Long term portion		(76,274,752)	(226,544)
Allowance for credit losses		(281,694)	(364,973)
Prepayments, deposits and other assets – current portion		$ 2,434,714	$ 1,447,752

[1] Security deposits mainly represent contract fulfillment deposits required by customer for specific projects, rent deposits and etc. On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI Group Limited (“DTI”), pursuant to which the Company agreed to prepay 698,301 shares (equivalent to $15,906,186) to purchase 32% equity of DTI. Details refer to Note 6

Prepayments, Deposits and Oth_5

Prepayments, Deposits and Other Assets, Net (Details) - Schedule of Allowance for Credit Losses - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Allowance for Credit Losses [Abstract]
Beginning balance	$ 364,973	$ 313,844	$ 306,513
Provision for credit losses		75,000	88,846
Written-off	(75,000)		(88,846)
Foreign currency translation adjustments	(8,279)	(23,871)	7,331
Ending balance	$ 281,694	$ 364,973	$ 313,844

Loan Receivable (Details)

Loan Receivable (Details)			12 Months Ended
Loan Receivable (Details)	Jan. 05, 2023 USD ($)	Jan. 05, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Sep. 01, 2022
Loan Receivable [Line Items]
Working capital loan			$ 62,581,163	¥ 444,320,000
Interest rate, percentage			5%	5%			6%
Collected value					$ 4,670,881	¥ 33,162,788
Agreement amount settled	$ 59,651,975	¥ 411,157,212
Minimum [Member]
Loan Receivable [Line Items]
Loans to third parties, percentage			0%	0%
Maximum [Member]
Loan Receivable [Line Items]
Loans to third parties, percentage			5%	5%

Loan Receivable (Details) - Sch

Loan Receivable (Details) - Schedule of Loan Receivable - Loans Receivable [Member] - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unsecured loan receivable from third parties	[1]	$ 1,318,998
Guaranteed loan receivable from media business	[2]		59,612,192
Loan receivable, gross		1,318,998	59,612,192
Allowance for doubtful accounts		(281,694)
Loan receivable, net		$ 1,037,304	$ 59,612,192

[1] As of December 31, 2023, loans to third parties represent the balance the company lend to various third-parties for their working capital needs at rate of 0%-5% per annum.

Long Term Investment (Details)

Long Term Investment (Details) ¥ in Millions

1 Months Ended

12 Months Ended

Nov. 01, 2022 USD ($) shares

Jan. 01, 2022 USD ($)

Sep. 23, 2021 shares

May 26, 2021 shares

Nov. 28, 2019 shares

Sep. 30, 2019 shares

Mar. 24, 2023 USD ($) shares

Dec. 28, 2022 USD ($) shares

Jun. 28, 2022 USD ($) shares

Jan. 20, 2022 USD ($) shares

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($) shares

Mar. 28, 2023

Dec. 31, 2022 CNY (¥)

Long Term Investment [Line Items]

Amount invested

$ 434,960

¥ 3

Split adjusted shares

1,042

14,958

240

208

Equivalent value | $

$ 9,058,701

$ 15,906,186

$ 4,446,163

$ 6,674,772

$ 8,305,222

$ 1,844,377

Additional equity percentage

32%

31%

Consideration amount | $

$ 0

Shares of gain | $

$ 70,947

Shenzhen Chenbao Information service Co., Ltd [Member]

Long Term Investment [Line Items]

Equity interest percentage

SamartConn CO.,Limited [Member]

Long Term Investment [Line Items]

Equity interest percentage

19.99%

DTI Group Limited [Member]

Long Term Investment [Line Items]

Equity interest percentage

19%

Guangzhou Xingsheng Information Technology Limited [Member]

Long Term Investment [Line Items]

Equity interest percentage

Boxinrui International Holdings Limited (“Boxinrui”) [Member]

Long Term Investment [Line Items]

Equity interest percentage

20%

15%

Boxinrui Acquisition [Member]

Long Term Investment [Line Items]

Percentage of equity interest

65%

Shenzhen Chenbao Information service Co., Ltd [Member] | Class A Ordinary Shares [Member]

Long Term Investment [Line Items]

Split adjusted shares

23,985

SamartConn CO.,Limited [Member] | Class A Ordinary Shares [Member]

Long Term Investment [Line Items]

Split adjusted shares

71,410

DTI Group Limited [Member] | Class A Ordinary Shares [Member]

Long Term Investment [Line Items]

Split adjusted shares

231,278

698,301

Boxinrui International Holdings Limited (“Boxinrui”) [Member] | Class A Ordinary Shares [Member]

Long Term Investment [Line Items]

Split adjusted shares

230,419

83,094

Long Term Investment (Details)

Long Term Investment (Details) - Schedule of Long Term Investment - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Long Term Investment (Details) - Schedule of Long Term Investment [Line Items]
Balance Beginning		$ 30,764,195
Balance Ending		11,272,965	30,764,195
Additions			30,764,195
Share of gain in equity method investee		70,947
Decrease due to acquired		(19,497,104)
Foreign currency translation adjustments		(65,073)
Equity investments accounted for using the equity method [Member]
Long Term Investment (Details) - Schedule of Long Term Investment [Line Items]
Balance Beginning	[1]	11,120,935
Balance Ending	[1]		11,120,935
Additions	[1]		11,120,935
Share of gain in equity method investee	[1]	70,947
Decrease due to acquired	[1]	(11,191,882)
Foreign currency translation adjustments	[1]
Cost method investments without readily determinable fair value [Member]
Long Term Investment (Details) - Schedule of Long Term Investment [Line Items]
Balance Beginning	[2]	19,643,260
Balance Ending	[2]	11,272,965	19,643,260
Additions	[2]		$ 19,643,260
Share of gain in equity method investee	[2]
Decrease due to acquired	[2]	(8,305,222)
Foreign currency translation adjustments	[2]	$ (65,073)

[1] On June 28, 2022, the Company invested issued 83,094 Class A ordinary shares (split-adjusted, equivalent to $6,674,772) for 15% equity interest in Boxinrui International Holdings Limited (“Boxinrui”) in which the Company does not have significant influence and such investment do not have readily determinable fair values. On December 28, 2022, the Company further issued 230,419 Class A ordinary shares (equivalent to $4,446,163) for 20% equity interest in Boxinrui International Holdings Limited. As a result, the Company considers it has significant influence on this investment based on its voting power. During the year ended December 31, 2023, the Company recorded shares of gain of $70,947. On March 28, 2023, the Company entered into an equity transfer agreement with fifteen individual shareholders of Boxinrui, pursuant to which the Company agreed to further acquire 65% equity interest in Boxinrui (See note 3). During the year ended December 31, 2022, the Company invested $434,960 (RMB3.0 million) cash and issued 23,985 Class A ordinary shares (equivalent to $1,844,377) for 5.0% equity interest in Shenzhen Chenbao Information service Co., Ltd. (“Chenbao”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On January 20, 2022, the Company invested issued 71,410 Class A ordinary shares (equivalent to $8,305,222) for 19.99% equity interest in SamartConn CO., Limited (“SamartConn”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On January 18, 2023, the Company purchased additional 31% equity of Smartconn (See note 3). On November 1, 2022, the Company invested issued 231,278 Class A ordinary shares (equivalent to $9,058,701) for 19% equity interest in DTI Group Limited (“DTI”) in which the Company does not have significant influence and such investment does not have readily determinable fair values. On March 24, 2023, the Company entered into an equity transfer agreement with a shareholder of DTI which the Company agrees to prepay 698,301 Class A ordinary shares (equivalent to $15,906,186) to purchase 32% equity of DTI. On January 1, 2022, the Company gained 5% equity interest in Guangzhou Xingsheng Information Technology Limited for $0 consideration, in which the Company does not have significant influence and such investment does not have readily determinable fair values.

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	12 Months Ended
Property and Equipment, Net (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property and Equipment, Net [Abstract]
Depreciation and amortization expense	$ 453,628	$ 359,344	$ 324,367
Book value amount	$ 3,932,666

Property and Equipment, Net (_2

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,795,222	$ 7,318,186
Less: accumulated depreciation	(1,892,273)	(1,484,268)
Property and equipment, net	5,902,949	5,833,918
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	414,230	380,055
Office equipment, fixtures and furniture [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,997,452	2,033,617
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	184,308	189,325
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,580,571	4,715,189
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 618,661

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($)	12 Months Ended
Intangible Assets, Net (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net [Abstract]
Amortization expense	$ 5,004,968	$ 1,803,853	$ 1,692,352

Intangible Assets, Net (Detai_2

Intangible Assets, Net (Details) - Schedule of Intangible Assets, Net - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Schedule of Intangible Assets, Net [Line Items]
Subtotal		$ 47,913,201	$ 10,886,033
Less: accumulated amortization		(10,614,005)	(5,723,309)
Impairment of capitalized development cost and software acquired		(2,266,746)
Intangible assets, net		35,032,450	5,162,724
Capitalized development costs [Member]
Schedule of Intangible Assets, Net [Line Items]
Subtotal	[1]	11,416,518	10,478,966
Purchased software [Member]
Schedule of Intangible Assets, Net [Line Items]
Subtotal		395,446	407,067
Software from business combinations [Member]
Schedule of Intangible Assets, Net [Line Items]
Subtotal		$ 36,101,237

[1] The Company capitalized development costs related to its core supporting modules of the global trade applications and solutions incurred during the application development stage.

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details) - Schedule of Relationship of Related Parties	12 Months Ended
	Dec. 31, 2023
Guangzhou Jiatu Culture Media Co., Ltd. (formerly as Guangzhou Powerbridge Blockchain Co., Ltd.) [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Company has significant influence over with this entity	[1]
Ban Lor [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Co-founder, CEO’s brother
Stewart Lor [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	CEO
Yuxia Xu [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	CFO
Hong Yu [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	shareholder of Zhixin
Shanghai Stamp Technology Co., Ltd. [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	The Company owns equity interest
Phillip Tao Qiu [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Independent Director
Guangodong Guangrui Network Technology Co., Ltd. (Guangdong Guangrui) [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Company has significant influence over with this entity.
Xiaoyan Liu [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Shareholder of Ascendent
Zhongchuan Dadi (Beijing) Technology Co., LTD [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Shareholder of Ascendent
Shanghai Yue See cultural development Co., LTD [Member]
Schedule of Relationship of Related Parties [Line Items]
Relationship to the Company	Shareholder of Metafusion

[1] On June 2, 2022, the Company’s CFO sold the equity interest in Jiatu Culture Media Co., Ltd., so Jiatu Culture Media Co., Ltd. no longer considered as a related party.

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details) - Schedule of Due from Related Parties - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Schedule of Due From Related Parties [Line Items]
Due to related parties		$ 40,208	$ 118,114
Shanghai Stamp Technology Co., Ltd. [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties	[1]		172,811
Ban Lor [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties	[2]	17,155	37,638
Stewart Lor [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties	[2]	452,598	1,566,478
Yuxia Xu [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties		207,236	363,666
Phillip Tao Qiu [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties	[2]	600,000
Xiaoyan Liu [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties	[2]	87,990
Related Party [Member]
Schedule of Due From Related Parties [Line Items]
Due from related parties		1,364,979	2,140,593
Hong Yu [Member]
Schedule of Due From Related Parties [Line Items]
Due to related parties	[3]		118,114
Shanghai Yue See cultural development Co., LTD [Member]
Schedule of Due From Related Parties [Line Items]
Due to related parties	[3]	39,985
Zhongchuan Dadi (Beijing) Technology Co., LTD [Member]
Schedule of Due From Related Parties [Line Items]
Due to related parties	[3]	$ 223

[1] In connection with the acquisition of Smartconn, the balance was effectively settled. From time to time, the Company advances funds to senior management for business purpose. The above balances represent unpaid loan and expenses to these related parties.

Related Party Balances and Tr_5

Related Party Balances and Transactions (Details) - Schedule of Related Party Transactions - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Guangzhou Guangrui [Member]
Schedule of Related Party Transactions [Line Items]
Related party transactions	[1]			$ 725,362
Guangzhou Jiatu Culture Media Co., Ltd. [Member]
Schedule of Related Party Transactions [Line Items]
Related party transactions			62,667
Stewart Lor [Member]
Schedule of Related Party Transactions [Line Items]
Related party transactions		50,663	117,569
Yuxia XU [Member]
Schedule of Related Party Transactions [Line Items]
Related party transactions		16,778	22,802
Shanghai Stamp Technology Co., Ltd. [Member]
Schedule of Related Party Transactions [Line Items]
Related party transactions			1,771
Shanghai Yue See cultural development Co., LTD [Member]
Schedule of Related Party Transactions [Line Items]
Related party transactions		$ 4,195

[1] As the disposal of Shantou Hongrui in February 2022, Guangzhou Guangrui was no longer considered as a related party.

Bank Loans (Details)

Bank Loans (Details)																											12 Months Ended
Bank Loans (Details)	Jan. 31, 2024 USD ($)	Jan. 31, 2024 CNY (¥)	Jan. 17, 2024 USD ($)	Jan. 17, 2024 CNY (¥)	Dec. 25, 2023 USD ($)	Dec. 25, 2023 CNY (¥)	Dec. 14, 2023 USD ($)	Dec. 14, 2023 CNY (¥)	Jun. 28, 2023 USD ($)	Jun. 28, 2023 CNY (¥)	Jun. 20, 2023 USD ($)	Jun. 20, 2023 CNY (¥)	Mar. 14, 2023 USD ($)	Mar. 14, 2023 CNY (¥)	Jan. 19, 2023 USD ($)	Jan. 19, 2023 CNY (¥)	Jan. 18, 2023 USD ($)	Jan. 18, 2023 CNY (¥)	Jan. 16, 2023 USD ($)	Jan. 16, 2023 CNY (¥)	Jan. 11, 2023 USD ($)	Jan. 11, 2023 CNY (¥)	Dec. 16, 2022 USD ($)	Dec. 16, 2022 CNY (¥)	Dec. 14, 2022 USD ($)	Dec. 14, 2022 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023 USD ($)	Dec. 30, 2022 USD ($)	Jul. 15, 2022 USD ($)	Jun. 10, 2022 USD ($)	Jan. 27, 2022 USD ($)	Jan. 27, 2022 CNY (¥)
Bank Loans (Details) [Line Items]
Obtain loan amount \| ¥																																			¥ 10
Fixed annual interest rate percentage	3.90%	3.90%	3.90%	3.90%	3.90%	3.90%	3.90%	3.90%	4.10%	4.10%			4.20%	4.20%	4.20%	4.20%			4.20%	4.20%			4.10%	4.10%
Fixed assets																																$ 1,800,000	$ 1,800,000	$ 2,400,000
Total facility amount											$ 1,126,776	¥ 8					$ 1,408,471	¥ 10			$ 704,235	¥ 5			$ 724,932	¥ 5
Drew down amount	$ 492,965	¥ 3,500,000	$ 1,408,471	¥ 10	$ 249,485	¥ 1,771,316	$ 454,751	¥ 3,228,684	$ 1,126,776	¥ 8			$ 198,912	¥ 1,412,254	$ 1,408,471	¥ 10			$ 505,323	¥ 3,587,746			$ 724,932	¥ 5
Advance repaid amount																															$ 289,973
Approximately bank loan amount											$ 1,700,000
Interest expense																											$ 144,080	$ 203,380	$ 211,197
Bank Loan [Member]
Bank Loans (Details) [Line Items]
Weighted average interest rate																											4.10%	5.10%
Loan from SPD Bank [Member]
Bank Loans (Details) [Line Items]
Weighted average interest rate																													5%
Zhuhai Powerbridge [Member]
Bank Loans (Details) [Line Items]
Fixed assets																														$ 2,300,000
Bank Loan [Member]
Bank Loans (Details) [Line Items]
Obtain loan amount																																$ 724,932	$ 724,932	$ 1,449,864
Fixed annual interest rate percentage																																		4.70%	4.70%
Fixed annual interest																																4.50%	4.50%

Bank Loans (Details) - Schedule

Bank Loans (Details) - Schedule of Outstanding Balance of Short-Term Bank Loans - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Loan from bank	$ 3,943,718	$ 2,609,755
Loan from Bank of Communication [Member]
Short-Term Debt [Line Items]
Loan from bank	2,816,942	2,174,796
Loan from Bank of China [Member]
Short-Term Debt [Line Items]
Loan from bank		434,959
Loan from SPD Bank [Member]
Short-Term Debt [Line Items]
Loan from bank	$ 1,126,776

Lease (Details)

Lease (Details) - USD ($)	12 Months Ended
Lease (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease [Abstract]
Total lease expense	$ 344,775	$ 162,799	$ 307,497
Lease liabilities amount	$ 141,183	$ 63,837

Lease (Details) - Schedule of O

Lease (Details) - Schedule of Operating Leases - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Operating Leases [Abstract]
Right-of-use assets, net	$ 357,007	$ 211,585
Operating lease liabilities - current	260,728	91,587
Operating lease liabilities - non-current	109,956	101,992
Total operating lease liabilities	$ 370,684	$ 193,579

Lease (Details) - Schedule of W

Lease (Details) - Schedule of Weighted Average Remaining Lease Terms and Discount Rates for all of Operating Leases	Dec. 31, 2023
Schedule of Weighted Average Lease Terms and Discount Rates for all of Operating Leases [Abstract]
Weighted average remaining lease term (years)	1 year 6 months
Weighted average discount rate	5%

Lease (Details) - Schedule of M

Lease (Details) - Schedule of Maturities of Lease Liabilities - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Maturities of Lease Liabilities [Abstract ]
2024	$ 271,791
2025	111,009
Total future minimum lease payments	382,800
Less: imputed interest	(12,116)
Present value of lease liabilities	$ 370,684	$ 193,579

Convertible Notes (Details)

Convertible Notes (Details) - USD ($)					1 Months Ended	12 Months Ended
Convertible Notes (Details) - USD ($)	Sep. 01, 2022	Aug. 09, 2021	Aug. 07, 2021	Apr. 09, 2021	Mar. 24, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Convertible Notes (Details) [Line Items]
Aggregate principal amount	$ 8,640,000		$ 7,000,000			$ 2,427,582	$ 1,250,310
Gross proceeds	$ 8,000,000		6,790,000
Principal amount		$ 2,000,000	2,000,000	$ 4,000,000
Interest rate	6%					5%
Original issue discount	$ 640,000
Streeterville’s fees	$ 20,000
Outstanding balance elected for pre payment percentage	120%
Shares issued (in Shares)					698,301
Conversion note amount						$ 3,128,453
Interest cost						202,946
Fair value						5,020,633
Fair value of convertible loan						21,166	2,448,936	$ 1,508,229
Interest expense recognized for these convertible loans						297,954	$ 195,139	$ 226,775
Maximum [Member]
Convertible Notes (Details) [Line Items]
Principal amount			$ 3,000,000
Warrant issued (in Shares)			2,721
Minimum [Member]
Convertible Notes (Details) [Line Items]
Principal amount			$ 2,000,000
Warrant issued (in Shares)			2,381
Class A Ordinary Shares [Member]
Convertible Notes (Details) [Line Items]
Warrants to purchase shares (in Shares)			2,381
Principal amount			$ 8,000,000
Shares issued (in Shares)							24,708
Convertible Notes [Member]
Convertible Notes (Details) [Line Items]
Aggregate principal amount							$ 2,000,000
Conversion note amount							2,261,270
Conversion of Convertible Note [Member]
Convertible Notes (Details) [Line Items]
Conversion note amount							$ 1,534,654
Repaid principal						$ 1,047,054
Conversion of Convertible Note [Member] \| Class A Ordinary Shares [Member]
Convertible Notes (Details) [Line Items]
Shares issued (in Shares)						111,875	58,257

Convertible Notes (Details) - S

Convertible Notes (Details) - Schedule of Conversion of Convertible Notes	1 Months Ended	2 Months Ended	4 Months Ended	12 Months Ended
	Feb. 03, 2023 USD ($)	Dec. 24, 2022 USD ($)	May 25, 2022 USD ($)	Dec. 31, 2023 USD ($)
Measurement Input, Risk Free Interest Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input				5.25
Measurement Input, Expected Term [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input
Measurement Input, Discount Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input				10.66
Measurement Input, Price Volatility [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input				89.66
Measurement Input, Expected Dividend Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	0	0	0	0
Measurement Input, Fair Value [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note fair value (in Dollars)	$ 3,128,453	$ 1,534,654	$ 2,261,270	$ 5,020,633
Minimum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	4.75	4.66	0.53
Minimum [Member] \| Measurement Input, Expected Term [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	0.59	0.7	0.2
Minimum [Member] \| Measurement Input, Discount Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	10.96	1,137	9.33
Minimum [Member] \| Measurement Input, Price Volatility [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	109.85	99.91	80.48
Maximum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	4.81	4.72	0.91
Maximum [Member] \| Measurement Input, Expected Term [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	0.65	0.83	0.48
Maximum [Member] \| Measurement Input, Discount Rate [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	11.37	11.72	11.22
Maximum [Member] \| Measurement Input, Price Volatility [Member]
Schedule of Conversion of Convertible Notes [Line Items]
Convertible note measurement input	113.95	103.93	143.72

Taxes (Details)

Taxes (Details)	12 Months Ended
Taxes (Details)	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2023 CNY (¥)
Taxes [Line Items]
Income tax rate while preferential tax rates	25%
Income tax rate	15%
Statutory income tax rate	15%
Subject to income tax rate	25%
Decreased income taxes	$ 477,154	$ 662,675	$ 89,850
Net income per share (in Dollars per share) \| $ / shares	$ 0.02	$ 1.46	$ 0.44
Net operating loss carryforwards	$ 13,700,000
Valuation allowance against deferred tax assets	2,932,049	$ 1,831,039
Accrued income tax liabilities	$ 550,602			¥ 3,798,484
PRC [Member]
Taxes [Line Items]
Accrued income tax liabilities		550,602
Minimum [Member]
Taxes [Line Items]
Value add tax standard rates	3%
Decrease of accrued income tax liabilities
Maximum [Member]
Taxes [Line Items]
Value add tax standard rates	13%
Decrease of accrued income tax liabilities		$ 550,602

Taxes (Details) - Schedule of P

Taxes (Details) - Schedule of Provision for Income Taxes - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Provision For Income Taxes [Abstract]
Current	$ 9,354	$ (563,650)	$ 135
Deferred	(66,695)	(435,741)	(174,076)
Total income tax benefit	$ (57,341)	$ (999,391)	$ (173,941)

Taxes (Details) - Schedule of E

Taxes (Details) - Schedule of Effective Tax Rate	12 Months Ended
Taxes (Details) - Schedule of Effective Tax Rate	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Effective Tax Rate [Abstract]
PRC statutory rates	25%	25%	25%
Preferential tax rates	(0.40%)	(2.90%)	(25.80%)
R&D credits	0.20%	1.50%	3%
Change in valuation allowance and others	(24.80%)	(19.20%)	(0.40%)
Effective tax rate	0%	4.40%	1.80%

Taxes (Details) - Schedule of D

Taxes (Details) - Schedule of Deferred Tax Assets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Provision for credit losses	$ 1,268,962	$ 1,260,557
Depreciation and amortization	185,676	162,980
Net operating loss carryforward	2,496,584	1,388,155
Valuation allowance	(2,932,049)	(1,831,039)
Total deferred tax assets	$ 1,019,173	$ 980,653

Taxes (Details) - Schedule of T

Taxes (Details) - Schedule of Taxes Payable - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Taxes Payable [Abstract]
Income taxes payable	$ 5,889
VAT and other tax payable	174,553	110,843
Totals	$ 180,442	$ 110,843

Equity (Details)

Equity (Details) - USD ($)

1 Months Ended

12 Months Ended

Dec. 08, 2023

Nov. 29, 2023

May 30, 2023

May 18, 2023

Mar. 28, 2023

Feb. 03, 2023

Jan. 20, 2023

Jan. 05, 2023

Jan. 01, 2023

Dec. 29, 2022

Dec. 28, 2022

Dec. 20, 2022

Dec. 15, 2022

Dec. 12, 2022

Dec. 05, 2022

Nov. 01, 2022

Sep. 20, 2022

Sep. 09, 2022

Sep. 01, 2022

Aug. 24, 2022

Jul. 15, 2022

Jun. 28, 2022

May 25, 2022

May 16, 2022

Jan. 28, 2022

Jan. 26, 2022

Jan. 20, 2022

Sep. 23, 2021

Sep. 08, 2021

Aug. 13, 2021

Aug. 05, 2021

Jun. 01, 2021

May 26, 2021

Mar. 01, 2021

Sep. 26, 2020

Jul. 02, 2020

Mar. 15, 2020

Nov. 28, 2019

Sep. 30, 2019

Apr. 04, 2019

Aug. 18, 2018

Mar. 24, 2023

Feb. 23, 2021

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 18, 2023

Nov. 24, 2023

Nov. 23, 2023

Nov. 22, 2023

Jun. 30, 2023

Jul. 22, 2022

May 18, 2022

Oct. 19, 2021

Feb. 18, 2021

Feb. 06, 2021

Jul. 30, 2020

Equity (Details) [Line Items]

Authorized share capital

16,666,700

Divided shares

10,000,000,000

Prepaid shares

698,301

Share par value

0.05

Share capital (in Dollars)

$ 50,000,000

Description of shareholder agreement

(i) a share consolidation of every eight (8) issued and unissued Class A ordinary shares with par value of $0.050 each in the Company’s
issued and unissued share capital be consolidated into one (1) share with par value of $0.40 (the “Share Consolidation”);
(ii) an increase in the authorized share capital of the Company from $50,000,000 divided into 125,000,000 shares of a nominal or par value
of $0.40 each, to $200,000,000 divided into 500,000,000 shares of a nominal or par value of $0.40 each (the “Share Capital Increase”);
(iii) a dual-class share structure of Class A and Class B ordinary shares of the Company, with each Class A and Class B ordinary share
ranking pari passu and having the same rights, preferences, privileges and restrictions, except that, voting as the same class, each Class
B ordinary share is entitled to thirty (30) votes and each Class A ordinary is entitled one (1) vote (the “Dual-class Share Structure”);
(iv) a re-designation of 2,000,000 shares of the 500,000,000 authorized shares as Class B ordinary shares and 498,000,000 shares of the
500,000,000 authorized shares as Class A ordinary shares; (v) a re-designation of the 243,903 shares (after giving effect to the Share
Consolidation) held by Mr. Stewart Lor, CEO and Chairman of the Board of the Company, as Class B ordinary shares (together with item

Cancelled shares

1,042

14,958

240

208

Restricted shares, stock price (in Dollars)

$ 320,000

$ 209,000

$ 164,000

$ 1,520,867

Restricted share

625

Stock price (in Dollars)

$ 358,500

$ 11,564

$ 21,394

$ 65,001

Share issued

6,985

12,727

95,313

84,033

155

101

Investor relations advisory service

On January 4, 2023, March
14, 2023, March 27, 2023, April 23, 2023, June 26, 2023 and August 4, 2023, the Company issued 3,788, 12,500, 9,470, 12,626, 43,706 and
79,618 Class A ordinary shares as compensation to an advisory firm for the related investor relations advisory service.

Restricted share price (in Dollars)

$ 1,500,000

$ 1,000,000

Consulting fee expense (in Dollars)

$ 1,698,117

$ 649,122

$ 461,680

Share-based compensation expenses (in Dollars)

$ 1,474,999

$ 52,249

Fair value of shares (in Dollars)

$ 13,080,000

Board authorized, description

Pursuant to the agreement, Spring Field Fund SPC shall purchase
$600,000 of the Company’s Class A ordinary shares at a higher price of (i)80% of the closing bid price at May 17, 2023; or (ii)
a price further negotiated and agreed by both parties upon closing; or (iii) $0.05.

Contractual term

10 years

Number of outstanding percentage

20%

Additional ordinary shares

83,211

Stock options

1,151,869

478,747

933

230,419

933

231,278

10,069

83,094

24,708

71,410

16,729

70,979

Modification expense (in Dollars)

$ 206,461

$ 137,641

$ 2,139,555

Net proceeds amount (in Dollars)

$ 111,875

$ 56,449

5,128,477

Net proceeds (in Dollars)

$ 600,000

Purchase of common stock (in Dollars)

$ 40,000,000

Principle amount (in Dollars)

$ 1,650,000

Conversion amount (in Dollars)

$ 3,128,453

$ 3,795,924

6,343,172

Sale of ordinary shares

30,000,000

Aggregate offering price (in Dollars)

$ 200,000,000

Consideration of equity interest percentage

65%

32%

Fair value of shares issued (in Dollars)

$ 24,078,675

$ 12,640,062

$ 15,906,186

Allocation of statutory reserve percentage

10%

Registered capital percentage

50%

Statutory reserve balances (in Dollars)

Other Long-Term Investments [Member]

Equity (Details) [Line Items]

Consideration of equity interest percentage

19.99%

Long-Term Investment [Member]

Equity (Details) [Line Items]

Ordinary shares, shares issued

23,985

Consideration of equity interest percentage

20%

19%

15%

Fair value of shares issued (in Dollars)

$ 4,446,163

$ 9,058,701

$ 1,844,377

$ 6,674,772

$ 8,305,222

Warrant [Member]

Equity (Details) [Line Items]

Public offering warrants, description

the Company issued warrants totaling 510 units to the placement agents (the
“Public Offering Warrants”). The warrants carry a term of five years and shall be exercisable at $1,320 per share. Management
determined that these warrants are equity instruments because the warrants are both a) indexed to its own stock; and b) classified in
shareholders’ equity. The warrants were recorded at their fair value on the date of grant as a component of shareholders’
equity. As of December 31, 2023 and 2022, no warrants were exercised. weighted average remaining life of 0.26 years and 1.24 years, respectively.
The fair value of this Public Offering Warrants was $356,200, which was considered a direct cost of IPO and included in additional paid-in
capital. The fair value has been estimated using the Black-Scholes pricing model with the following weighted-average assumptions: market
value of underlying share of $1,200, risk free rate of 2.2%; expected term of 5 years; exercise price of the warrants of $1,320, volatility
of 71.9%; and expected future dividends of nil.

Shares Issued for Consulting Services [Member]

Equity (Details) [Line Items]

Restricted shares, stock price (in Dollars)

$ 320,000

$ 27,900

$ 171,469

Restricted Stock Units (RSUs) [Member]

Equity (Details) [Line Items]

Restricted share

50,000

Share issued

50,000

IPO [Member]

Equity (Details) [Line Items]

Initial public offering , description

the Board
approved to issue 4,377 stock options to its employees under 2018 stock option plan with exercise price of $ 1,200 per share.

Private Placement [Member]

Equity (Details) [Line Items]

Cancelled shares

500,000

Purchase of ordinary shares (in Dollars)

$ 15,000,000

$ 30,000,000

$ 15,000,000

Market price percentage

96%

97%

Net proceeds amount (in Dollars)

3,511,317

Net proceeds (in Dollars)

$ 596,504

Powerbridge Technologies Co., Ltd. [Member]

Equity (Details) [Line Items]

Equity description

(a)
the name of the Company be changed from Powerbridge Technologies Co., Ltd. to X3 Holdings Co., Ltd., and ticker symbol of the Company
be changed from “PBTS” to “XTKG” (the “Name Change”). (b) the authorized share capital of the Company
be increased from $200,000,000 divided into 500,000,000 shares of a nominal or par value of $0.40 each to $2,000,000,000 divided into
5,000,000,000 ordinary shares of a nominal or par value of $0.40 each by creation of an additional 4,500,000,000 ordinary shares of a
nominal or par value of US$0.40 each (the “Share Capital Increase”). (c) 18,000,000 ordinary shares of the additional 4,500,000,000
authorized ordinary shares be re-designated as Class B ordinary shares and 4,482,000,000 ordinary shares of the additional 4,500,000,000
authorized ordinary shares as Class A ordinary shares (together, the “Share Re-designation”), such the authorized share capital
of the Company shall be changed to “$2,000,000,000 divided into (i) 4,980,000,000 Class A ordinary shares of a par value of US$0.40
each, and (ii) 20,000,000 Class B ordinary shares of a par value of $0.40 each.”

Conversion Convertible Loan [Member]

Equity (Details) [Line Items]

Conversion amount (in Dollars)

$ 3,128,453

$ 1,534,654

$ 2,261,270

Director [Member]

Equity (Details) [Line Items]

Ordinary shares, shares outstanding

Equity Option [Member]

Equity (Details) [Line Items]

Cancelled shares

16,729

Share-based compensation expenses (in Dollars)

$ 4,360,000

1,998,333

Restricted Stock Units (RSUs) [Member]

Equity (Details) [Line Items]

Share-based compensation expenses (in Dollars)

6,721,667

11,081,667

2018 Stock Option Plan [Member]

Equity (Details) [Line Items]

Share-based compensation expenses (in Dollars)

3,336,452

$ 5,873,566

Board authorized, description

The Board authorized that the maximum aggregate number of ordinary shares reserved and available pursuant to this Plan shall be the aggregate
of (i) 4,316 shares, and (ii) on each January 1, starting with January 1, 2019, an additional number of shares equal to the lesser of
(A) 2% of the outstanding number of ordinary shares (on a fully-diluted basis) on the immediately preceding December 31, and (B) such
lower number of ordinary shares as may be determined by the Committee.

Stock option, description

On April 4, 2019, the Board
approved to issue 1,250 stock options to an external consultant under 2018 stock option plan with exercise price of $900 per share. These
options were fully vested upon grant and will expire no later than April 3, 2029.

Stock Plan 2018 [Member]

Equity (Details) [Line Items]

Cancelled shares

31,687

Board approved to issue

292.8

Minimum [Member]

Equity (Details) [Line Items]

Divided shares

333,333,333

Cancelled shares

7,479

stock options vesting period

1 year

Stock options

63.6

81.6

292.8

Minimum [Member] | Smartconn [Member]

Equity (Details) [Line Items]

Equity percentage

31%

Maximum [Member]

Equity (Details) [Line Items]

Divided shares

1,000,000,000

Cancelled shares

24,208

stock options vesting period

3 years

Stock options

20.16

63.6

81.6

Maximum [Member] | Smartconn [Member]

Equity (Details) [Line Items]

Equity percentage

90%

Conversion of Convertible Notes [Member]

Equity (Details) [Line Items]

Stock options

58,257

Conversion note amount (in Dollars)

$ 1,897,739

$ 4,445,433

White Lion Capital LLC [Member]

Equity (Details) [Line Items]

Net proceeds amount (in Dollars)

$ 3,519,202

White Lion Capital LLC [Member] | Private Placement [Member]

Equity (Details) [Line Items]

Ordinary shares, shares issued

476,563

YA II PN, LTD. [Member]

Equity (Details) [Line Items]

Stock options

933

A.G.P./Alliance Global [Member]

Equity (Details) [Line Items]

Stock options

237

6,776

Boxinrui Acquisition [Member]

Equity (Details) [Line Items]

Stock options

1,151,869

Ordinary Shares [Member]

Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.00166667

Prepaid shares

9,700,000,000

Additional par value (in Dollars per share)

$ 0.00166667

Class A Ordinary Shares [Member]

Equity (Details) [Line Items]

Prepaid shares

24,708

Ordinary shares, shares issued

[1]

259,464,169

1,187,498

Ordinary shares, shares outstanding

[1]

259,464,169

1,187,498

Restricted share

417

625

417

Share issued

49,319

1,260,504

130,463,140

242

100

Term compensation

1 year

Additional ordinary shares

259,473

Ordinary share issued

342,684

Share price of per share (in Dollars per share)

$ 0.3

Class A Ordinary Shares [Member] | Shares Issued for Consulting Services [Member]

Equity (Details) [Line Items]

Restricted share

Class A Ordinary Shares [Member] | Private Placement [Member]

Equity (Details) [Line Items]

Share issued

58,333

Class B Ordinary Shares [Member]

Equity (Details) [Line Items]

Ordinary shares, shares issued

[1]

243,902

Ordinary shares, shares outstanding

[1]

243,902

YA II PN, LTD. [Member] | Private Placement [Member]

Equity (Details) [Line Items]

Net proceeds (in Dollars)

$ 6,864,652

YA II PN, LTD. [Member] | Class A Ordinary Shares [Member] | Private Placement [Member]

Equity (Details) [Line Items]

Share issued

1,473,634

Shareholders of Smartconn [Member]

Equity (Details) [Line Items]

Share issued

53,388,709

Fair value, shares issued (in Dollars)

$ 30,938,757

Shareholders of Boxinrui [Member]

Equity (Details) [Line Items]

Share issued

69,141,256

Fair value, shares issued (in Dollars)

$ 40,067,357

[1] Retroactively
restated for one-for-eight reverse split with effective date of September 22, 2023.

Equity (Details) - Schedule of

Equity (Details) - Schedule of Estimate the Fair Value of Stock Options $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Options Amended in January, 2022 [Member]
Schedule of Estimate the Fair Value of Stock Options [Line Items]
Risk-free interest rate	1.66%
Expected life of the options	4 years 3 months 29 days
Expected volatility	96%
Expected dividend yield
Fair value (in Dollars)	$ 2,106,163
Options Amended in May, 2022 [Member]
Schedule of Estimate the Fair Value of Stock Options [Line Items]
Risk-free interest rate	0.81%
Expected life of the options	4 years 10 days
Expected volatility	96%
Expected dividend yield
Fair value (in Dollars)	$ 1,652,811
Options Amended in December, 2022 [Member]
Schedule of Estimate the Fair Value of Stock Options [Line Items]
Risk-free interest rate	4.44%
Expected life of the options	3 years 5 months 4 days
Expected volatility	96%
Expected dividend yield
Fair value (in Dollars)	$ 689,971
Options Granted in May 2021 [Member]
Schedule of Estimate the Fair Value of Stock Options [Line Items]
Risk-free interest rate	0.81%
Expected life of the options	5 years
Expected volatility	96%
Expected dividend yield
Fair value (in Dollars)	$ 7,232,526

Equity (Details) - Schedule o_2

Equity (Details) - Schedule of Activities of the Stock Options - Stock option [Member] - USD ($)		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Activities of the Stock Options [Line Items]
Number of Share Options, Outstanding	5,627	32,695	32,695	37,072
Weighted Average Exercise Price, Outstanding (in Dollars per share)	$ 1,133.36	$ 47.29	$ 48	$ 416.42
Weighted Average Remaining Contractual Term, Outstanding	4 years 4 months 13 days	2 years 5 months 26 days	3 years 5 months 26 days	4 years 2 months 23 days
Aggregate Intrinsic Value, Outstanding (in Dollars)
Number of Share Options, Exercisable		32,695
Weighted Average Exercise Price, Exercisable (in Dollars per share)		$ 47.29
Weighted Average Remaining Contractual Term, Exercisable		2 years 5 months 26 days
Aggregate Intrinsic Value, Exercisable (in Dollars)
Number of Share Options, Granted				31,687
Weighted Average Exercise Price, Granted (in Dollars per share)				$ 292.8
Aggregate Intrinsic Value, Granted (in Dollars)
Number of Share Options, Cancelled			(4,377)
Weighted Average Exercise Price, Cancelled (in Dollars per share)			$ 1,133.36
Aggregate Intrinsic Value, Cancelled (in Dollars)
Number of Share Options, Exercised				(242)

Commitments and Contingencies (

Commitments and Contingencies (Details)					12 Months Ended
Commitments and Contingencies (Details)	Nov. 16, 2023 USD ($)	Nov. 16, 2023 CNY (¥)	Aug. 22, 2023 USD ($)	Aug. 22, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Commitments and contingencies [Line Items]
Disputed amount			$ 1,422,555	¥ 10,100,000	$ 1,422,555	¥ 10,100,000
Payments of debt	$ 1,422,555	¥ 10,100,000
Accounts payable and related interest					23,988		¥ 170,311
Restricted cash					1,723,937				$ 95,252
Supplier [Member]
Commitments and contingencies [Line Items]
Restricted cash					$ 1,442,243		¥ 10,239,780

Segment Reporting (Details)

Segment Reporting (Details)	12 Months Ended
Segment Reporting (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting (Details) [Line Items]
Number of operating segment	1
Revenue	$ 16,824,823	$ 10,482,809	$ 32,092,828
Application Development Service [Member]
Segment Reporting (Details) [Line Items]
Revenue	$ 2,001,750	$ 2,609,531	$ 14,472,010

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of Revenues - Other Segments [Member] - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES:
Total revenues		$ 16,824,823	$ 10,482,809	$ 32,092,828
Application development services [Member]
REVENUES:
Total revenues	[1]	9,780,115	3,847,199	20,323,422
Consulting and technical support services [Member]
REVENUES:
Total revenues		3,609,158	2,538,500	4,555,352
Subscription services [Member]
REVENUES:
Total revenues		695,010	758,526	936,913
Trading revenue [Member]
REVENUES:
Total revenues		2,549,808	3,338,584	6,277,141
Other revenue [Member]
REVENUES:
Total revenues		$ 190,732

[1] For the years ended December 31, 2023, 2022 and 2021, certain application development service arrangements included sales of IT equipment. Such revenue of $2,001,750, $2,609,531 and $14,472,010 was included in the application development service revenue for years ended December 31, 2023, 2022 and 2021, respectively.