Guardforce AI Co., Limited (GFAI) 6-K25 Sep 24Report of Foreign Private IssuerFinancial data

Company Profile

Document And Entity Information

Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	GUARDFORCE AI CO., LIMITED
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001804469
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-40848

Unaudited Interim Condensed Con

Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 13,979,217	$ 20,235,227
Restricted cash	26,319	100,764
Trade receivables	5,316,983	5,630,805
Other current assets	2,633,799	1,665,571
Withholding tax receivable, net	366,884	607,221
Inventories	381,155	506,403
Amounts due from related parties	13,086	2,172,638
Assets held for sale		201,963
Total current assets	22,717,443	31,120,592
Non-current assets:
Restricted cash	1,496,236	1,608,762
Property, plant and equipment	3,280,470	4,043,725
Right-of-use assets	2,588,540	2,688,208
Intangible assets, net	2,684,655	2,836,250
Goodwill	411,862	411,862
Withholding tax receivable, net	1,504,543	1,617,625
Deferred tax assets, net	1,110,164	1,085,477
Other non-current assets	390,065	402,447
Total non-current assets	13,466,535	14,694,356
Total assets	36,183,978	45,814,948
Current liabilities:
Trade and other payables	3,047,534	3,016,850
Borrowings	187,288	337,241
Borrowing from a related party		3,104,149
Current portion of operating lease liabilities	1,457,783	1,239,066
Current portion of finance lease liabilities	53,055	108,597
Other current liabilities	1,764,636	3,171,643
Amounts due to related parties	139,557	2,898,506
Liabilities directly associated with the assets held for sale		130,876
Total current liabilities	6,649,853	14,006,928
Non-current liabilities:
Borrowings		44,410
Operating lease liabilities	1,124,195	1,455,857
Finance lease liabilities	203,127	218,996
Provision for employee benefits	4,591,555	4,935,982
Total non-current liabilities	5,918,877	6,655,245
Total liabilities	12,568,730	20,662,173
Equity
Ordinary shares – par value $0.12 authorized 300,000,000 shares, issued and outstanding 10,237,282 shares at June 30, 2024; issued and outstanding 9,830,373 shares at December 31, 2023	1,228,509	1,179,680
Subscription receivable	(50,000)	(50,000)
Additional paid in capital	82,011,907	80,983,164
Legal reserve	223,500	223,500
Warrants reserve	251,036	251,036
Accumulated deficit	(60,188,269)	(58,340,675)
Accumulated other comprehensive income	209,422	985,120
Capital & reserves attributable to equity holders of the Company	23,686,105	25,231,825
Non-controlling interests	(70,857)	(79,050)
Total equity	23,615,248	25,152,775
Total liabilities and equity	$ 36,183,978	$ 45,814,948

Unaudited Interim Condensed C_2

Unaudited Interim Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of financial position [abstract]
Ordinary shares, par value (in Dollars per share)	$ 0.12	$ 0.12
Ordinary shares, shares authorized	300,000,000	300,000,000
Ordinary shares, shares issued	10,237,282	9,830,373
Ordinary shares, shares outstanding	10,237,282	9,830,373

Unaudited Interim Condensed C_3

Unaudited Interim Condensed Consolidated Statements of Profit or Loss - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Profit or loss [abstract]
Revenue	$ 17,566,844	$ 18,005,603
Cost of sales	(14,327,094)	(15,846,807)
Gross profit	3,239,750	2,158,796
Stock-based compensation	(172,655)
Recovery (Provision for and write off) of withholding tax receivable	32,980	(561,277)
Provision for expected credit loss on trade and other receivables	(184,180)	(870,408)
Provision for obsolete inventories		(3,090,283)
Impairment loss on fixed assets		(1,591,766)
Impairment on goodwill	(30,467)	(1,263,040)
Selling, distribution and administrative expenses	(4,967,290)	(6,683,850)
Operating loss from continuing operations	(2,081,862)	(11,901,828)
Other income, net	312,342	77,665
Foreign exchange losses, net	(49,041)	(584,093)
Finance costs	(81,534)	(578,308)
Loss before income tax from continuing operations	(1,900,095)	(12,986,564)
Provision for income tax benefit (expense)	22,949	(874,431)
Net loss for the period from continuing operations	(1,877,146)	(13,860,995)
Discontinued operations:
Net gain for the period from discontinued operations	38,719	11,562
Net loss for the period	(1,838,427)	(13,849,433)
Less: net profit (loss) attributable to non-controlling interests	9,167	(30,214)
Net loss attributable to equity holders of the Company	$ (1,847,594)	$ (13,819,219)
Loss per share
Basic loss attributable to the equity holders of the Company (in Dollars per share)	$ (0.18)	$ (4.35)
Loss per share from continuing operations
Basic loss attributable to the equity holders of the Company (in Dollars per share)	$ (0.19)	$ (4.36)
Weighted average number of shares used in computation:
Basic (in Shares)	9,991,600	3,174,282

Unaudited Interim Condensed C_4

Unaudited Interim Condensed Consolidated Statements of Profit or Loss (Parentheticals) - $ / shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Profit or loss [abstract]
Diluted loss attributable to the equity holders of the Company	$ (0.18)	$ (4.35)
Diluted loss attributable to the equity holders of the Company	$ (0.19)	$ (4.36)
Diluted (in Shares)	9,991,600	3,174,282

Unaudited Interim Condensed C_5

Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Consolidated Statements of Comprehensive Loss [Abstract]
Net loss for the period	$ (1,838,427)	$ (13,849,433)
Currency translation differences	(775,698)	169,410
Total comprehensive (loss) for the period	(2,614,125)	(13,680,023)
Attributable to:
Equity holders of the Company	(2,631,861)	(13,651,390)
Non-controlling interests	17,736	(28,633)
Comprehensive income (loss)	$ (2,614,125)	$ (13,680,023)

Unaudited Interim Condensed C_6

Unaudited Interim Condensed Consolidated Statement of Changes in Equity - USD ($)	Number of Shares	Subscription Receivable	Additional Paid-in Capital	Legal Reserve	Warrants Reserves	Accumulated Other Comprehensive Income	Accumulated Deficit	Non- controlling Interests	Total
Balance at Dec. 31, 2022	$ 194,313	$ (50,000)	$ 46,231,302	$ 223,500	$ 251,036	$ 1,112,494	$ (28,769,014)	$ (61,329)	$ 19,132,302
Balance (in Shares) at Dec. 31, 2022	1,618,977
Currency translation adjustments						169,410			169,410
Cancellation of shares (Note 18)	$ (29,441)		(4,880,223)						(4,909,664)
Cancellation of shares (Note 18) (in Shares)	(245,339)
Issuance of ordinary shares through CMPOs (Note 18)	$ 593,542		20,273,844						20,867,386
Issuance of ordinary shares through CMPOs (Note 18) (in Shares)	4,946,184
Issuance of ordinary shares through exercise of warrants (Note 18)	$ 15,468		491,224						506,692
Issuance of ordinary shares through exercise of warrants (Note 18) (in Shares)	128,901
Issuance of ordinary shares for acquisition of assets (Note 18)	$ 31,500		1,816,500						1,848,000
Issuance of ordinary shares for acquisition of assets (Note 18) (in Shares)	262,500
Issuance of ordinary shares for a convertible note conversion (Note 18)	$ 20,640		1,217,760						1,238,400
Issuance of ordinary shares for a convertible note conversion (Note 18) (in Shares)	172,000
Net loss for the period							(13,819,219)	(30,214)	(13,849,433)
Balance at Jun. 30, 2023	$ 826,022	(50,000)	65,150,407	223,500	251,036	1,281,904	(42,588,233)	(91,543)	25,003,093
Balance (in Shares) at Jun. 30, 2023	6,883,223
Balance at Dec. 31, 2023	$ 1,179,680	(50,000)	80,983,164	223,500	251,036	985,120	(58,340,675)	(79,050)	$ 25,152,775
Balance (in Shares) at Dec. 31, 2023	9,830,373								9,830,373
Currency translation adjustments						(775,698)			$ (775,698)
Disposal of a subsidiary (Note 18)	$ (131)		(2,651)					(974)	(3,756)
Disposal of a subsidiary (Note 18) (in Shares)	(1,091)
Issuance of ordinary shares for stock-based compensation (Note 18)	$ 48,960		1,031,394						1,080,354
Issuance of ordinary shares for stock-based compensation (Note 18) (in Shares)	408,000
Net loss for the period							(1,847,594)	9,167	(1,838,427)
Balance at Jun. 30, 2024	$ 1,228,509	$ (50,000)	$ 82,011,907	$ 223,500	$ 251,036	$ 209,422	$ (60,188,269)	$ (70,857)	$ 23,615,248
Balance (in Shares) at Jun. 30, 2024	10,237,282								10,237,282

Unaudited Interim Condensed C_7

Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net (loss) from continuing operations	$ (1,877,146)	$ (13,860,995)
Net gain from discontinued operations	38,719	11,562
Net loss	(1,838,427)	(13,849,433)
Adjustments for:
Depreciation and Amortization of fixed and intangible assets	1,556,922	2,619,001
Stock-based compensation	172,655
(Recovery) Provision for and write off of withholding tax receivable	(32,980)	561,277
Provision for expected credit loss on trade and other receivables	184,180	869,519
Provision for obsolete inventories		3,090,282
Impairment loss on fixed assets		1,591,766
Impairment on goodwill	30,467	1,263,040
Finance costs	81,778	584,897
Interest income	(261,041)
Deferred income taxes	(101,998)	874,431
(Gain) Loss from assets disposal	(31,577)	41,965
Gain on disposal of a subsidiary	(3,607)
Changes in operating assets and liabilities:
(Increase) Decrease in trade and other receivables	(90,891)	157,279
Increase in other assets	(1,005,338)	(719,595)
Decrease in inventories	114,223	296,824
(Decrease) Increase in amounts due to related parties	(386,720)	639,807
(Decrease) Increase in Trade and other payables and other current liabilities	(437,966)	1,285,317
Decrease (Increase) in withholding tax receivable	227,903	(374,013)
Increase in provision for employee benefits	13,428	20,774
Net cash used in operating activities	(1,808,989)	(1,046,862)
Cash flows from investing activities
Acquisition of property, plant and equipment	(34,442)	(829,231)
Proceeds from sale of property, plant and equipment	27,805
Acquisition of intangible assets	(114,224)	(217,077)
Disposal of a subsidiary, net of cash disposed	(28,186)
Interest received	283,750
Net cash provided by (used in) investing activities	134,703	(1,046,308)
Cash flows from financing activities
Proceeds from issue of shares		20,867,386
Proceeds from exercise of warrants		506,693
Cash paid for the cancellation of fractional shares		(49,664)
Proceeds from bank borrowings		1,756,738
Repayment of bank borrowings	(252,717)	(1,937,096)
Repayment of related party borrowings	(3,304,787)
Payment of lease liabilities	(877,553)	(1,267,979)
Net cash (used in) generated from financing activities	(4,435,057)	19,876,078
Net (decrease)/increase in cash and cash equivalents, and restricted cash	(6,109,343)	17,782,908
Effect of movements in exchange rates on cash held	(362,280)	16,840
Cash and cash equivalents, and restricted cash at January 1,	21,973,395	8,230,644
Cash and cash equivalents, and restricted cash at June 30,	15,501,772	26,030,392
Non-cash investing and financing activities
Equity portion of purchase consideration paid for acquisition of subsidiaries		$ 1,848,000

Nature of Operations

Nature of Operations	6 Months Ended
Nature of Operations	Jun. 30, 2024
Nature of Operations [Abstract]
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Guardforce AI Co., Limited (“Guardforce”) is a company incorporated and domiciled in the Cayman Islands under the Cayman Islands Companies Act on April 20, 2018. The Company’s ordinary shares and warrants are listed under the symbol “GFAI” and “GFAIW”, respectively, on the Nasdaq Capital Market upon the completion of an initial public offering on September 28, 2021. Guardforce AI Holding Limited (“AI Holdings”) was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004, on May 22, 2018. AI Holdings is a 100% owned subsidiary of Guardforce. AI Holdings is an investment holding company. Guardforce AI Robots Limited (“AI Robots”) was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004, on May 22, 2018. AI Robots is a 100% owned subsidiary of Guardforce. AI Robots is an investment holding company. Guardforce AI (Hong Kong) Co., Limited (“AI Hong Kong”) was incorporated in Hong Kong under the Hong Kong Companies’ Ordinance (Chapter 622), on May 30, 2018. AI Hong Kong is a 100% owned subsidiary of Guardforce. Beginning March 2020, AI Hong Kong commenced AI&Robotics solution business of selling and leasing robots. Southern Ambition Limited (“Southern Ambition”) was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004, on August 3, 2018. Southern Ambition is a 100% owned subsidiary of AI Robots. Southern Ambition is an investment holding company. Horizon Dragon Limited (“Horizon Dragon”) was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004, on July 3, 2018. Horizon Dragon is a 100% owned subsidiary of AI Holdings. Horizon Dragon is an investment holding company. Guardforce AI Group Co., Limited (“AI Thailand”) was incorporated in Thailand under the Civil and Commercial Code at the Registry of partnerships and Companies, Bangkok Metropolis, Thailand, on September 21, 2018 and has 100,000 ordinary plus preferred shares outstanding. 48,999 of the shares in AI Thailand are owned by Southern Ambition Limited, with one share being held by Horizon Dragon Limited, for an aggregate of 49,000 ordinary shares, or 49%, and 51,000 cumulative preferred shares are owned by two individuals of Thailand. The two individuals owned in aggregate 49,000 ordinary shares with a value of approximately $16,000. The cumulative preferred shares are entitled to dividends of USD$0.03 per share when declared. The cumulative unpaid dividends of the preferred shares as of June 30, 2024 and December 31, 2023 is approximately $1,700. Pursuant to article of associates of AI Thailand, the holder of an ordinary share may cast one vote per share at a general meeting of shareholders, the holder of preferred shares may cast one vote for every 20 preferred shares held at a general meeting of shareholders. Southern Ambition is entitled to cast more than 95% of the votes at a general meeting of shareholders. No Guardforce Cash Solutions Security Thailand Co., Limited (“GF Cash (CIT)”) was incorporated in Thailand under the Civil and Commercial Code at the Registry of partnerships and Companies, Bangkok Metropolis, Thailand, on July 27, 1982 and has 3,857,144 outstanding shares. 3,799,544 ordinary shares and 21,599 preferred shares of the outstanding shares in GF Cash (CIT) (approximately 99.07% of the shares in GF Cash (CIT)) are owned by AI Thailand with one preferred share being held by Southern Ambition and 33,600 ordinary shares and 2,400 preferred shares (approximately 0.933% of the shares in GF Cash (CIT)) being held by Bangkok Bank Public Company Limited. Pursuant to the articles of association a shareholder may cast one vote per one share at a general meeting of shareholders. AI Thailand is entitled to cast 99.07% of the votes at a general meeting of shareholders. No dividends were declared for the six months ended June 30, 2024 and 2023. The Company engages principally in providing cash management and handling services located in Thailand. On March 25, 2021, the Company acquired 51% majority stake in information security consultants Handshake Networking Ltd (“Handshake”), a Hong Kong-based company specializing in penetration testing and forensics analysis in Hong Kong and the Asia Pacific region since 2004. On February 6, 2024, the Company separated with Handshake. On February 6, 2024, the Company transferred 510 shares of Handshake back to its original shareholders in exchange for returning 1,091 restricted ordinary shares issued by the Company. The cancellation of the returned 1,091 shares was effective on March 4, 2024. On November 1, 2021, the Company entered into a Transfer Agreement (the “Singapore Agreement”) to acquire 100% of the equity interests in Guardforce AI Singapore Pte. Ltd. (“AI Singapore”), a company incorporated in Singapore. Pursuant to the Agreement, AI Singapore became a wholly owned subsidiary of the Company. AI Singapore commenced AI&Robotics solution business of selling and leasing robots. On November 18, 2021, the Company entered into a Transfer Agreement (the “Macau Agreement”) to acquire 100% of the equity interests in Macau GF Robotics Limited, a company incorporated in Macau (“AI Macau”). The consideration is approximately $3,205 (MOP25, 000 On November 18, 2021, the Company entered into another Transfer Agreement (the “Malaysia Agreement”) to acquire 100% of the equity interests in GF Robotics Malaysia Sdn. Bhd., a company incorporated in Malaysia (“AI Malaysia”). The consideration is approximately $1 ( RM1 GFAI Robotics Group Co., Limited (“AI Robotics”) was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004, on December 6, 2021. AI Robotics is a 100% owned subsidiary of Guardforce. AI Robotics is an investment holding company. GFAI Robot Service (Hong Kong) Limited (“AI Robot Service”) was incorporated in Hong Kong under the Hong Kong Companies’ Ordinance (Chapter 622), on January 18, 2022. AI Robot Service is an investment holding company. AI Robot Service is a 100% owned subsidiary of AI Robotics. Guardforce AI Robot Service (Shenzhen) Co., Limited (“AI Shenzhen”) was incorporated in the People’s Republic of China (“PRC”) on February 23, 2022. AI Shenzhen is an investment holding company. AI Shenzhen is a 100% owned subsidiary of AI Robot Service. GFAI Robotics Services LLC (“AI US”) was incorporated in the State of Delaware on February 28, 2022. AI US commenced AI&Robotics solution business of selling and leasing robots. AI US is a 100% owned subsidiary of AI Robotics. GFAI Robot Service (Australia) Pty Ltd. (“AI Australia”) was incorporated in Australia on February 28, 2022. AI Australia commenced AI&Robotics solution business of selling and leasing robots. AI Australia is a 100% owned subsidiary of AI Robot Service. On September 25, 2023, AI Australia was deregistered. GFAI Robot & Smart Machines Trading LLC (“AI Dubai”) was incorporated in the United Arab Emirates (UAE) on March 13, 2022. AI Dubai commenced AI&Robotics solution business of selling and leasing robots. AI Dubai is a 100% owned subsidiary of AI Robot Service. GFAI Robotic and Innovation Solution (Thailand) Company Limited (“AI R&I”) was incorporated in Thailand on March 30, 2022. AI R&I commenced AI&Robotics solution business of selling and leasing robots. AI R&I is 98% owned by AI Thailand, 1% owned by Horizon Dragon and 1% owned by Southern Ambition. GFAI Robot Service (UK) Limited (“AI UK”) was incorporated in the United Kingdom on April 29, 2022. AI UK commenced AI&Robotics solution business of selling and leasing robots. AI UK is a 100% owned subsidiary of AI Robot Service. On February 6, 2024, AI UK was deregistered. GFAI Robot Service Limited (“AI Canada”) was incorporated in Canada on May 6, 2022. AI Canada commenced AI&Robotics solution business of selling and leasing robots. AI Canada is a 100% owned subsidiary of AI Robot Service. On January 5, 2024, AI Canada was deregistered. Guardforce AI Robot (Jian) Co., Limited (“AI Jian”) was incorporated in the People’s Republic of China (“PRC”) on May 16, 2022. AI Jian is an investment holding company. AI Jian is a 100% owned subsidiary of AI Robot Service. On November 22, 2023, AI Jian was deregistered. GFAI Robot Service GK (“AI Japan”) was incorporated in Japan on May 24, 2022. AI Japan commenced AI&Robotics solution business of selling and leasing robots. AI Japan is a 100% owned subsidiary of AI Hong Kong. GFAI Robot Service Co., Ltd. (“AI Korea”) was incorporated in South Korea on June 17, 2022. AI Korea commenced AI&Robotics solution business of selling and leasing robots. AI Korea is a 100% owned subsidiary of AI Hong Kong. On March 11, 2022, the Company entered into a Sale and Purchase Agreement (the “Kewei Agreement”) with Shenzhen Kewei Robot Technology Co., Limited (“Shenzhen Kewei”) to acquire 100% of the equity interests in Shenzhen Keweien Robot Service Co., Ltd. (“Shenzhen GFAI”) and Guangzhou Kewei Robot Technology Co., Ltd. (“Guangzhou GFAI”) from Shenzhen Kewei. Both acquirees are PRC-based companies. The acquisition serves an integral role in the growth of the Company’s AI&Robotics solution business as a service (RaaS) business initiative. The acquisition was closed on March 22, 2022. The acquisition purchase price of $10,000,000 was paid in a mix of cash (10%) and restricted ordinary shares of the Company (90%). On March 14, 2022, the Company issued 53,571 restricted Ordinary Shares to the sellers’ designated parties. On May 24, 2022, the Company entered into a Sale and Purchase Agreement (the “Yeantec Agreement”) with Shenzhen Yeantec Co., Limited (“Yeantec”) to acquire 100% of the equity interests in Beijing Wanjia Security System Co., Ltd. (“Beijing Wanjia”) from Yeantec. Beijing Wanjia is a PRC-based company with more than 25 years of experience in providing integrated security solution, focusing on fire alarm security systems, and a well-established customer base among retail businesses. The acquisition serves the growth of the Company’s other security business. The acquisition was closed on June 22, 2022. The acquisition purchase price of $8,400,000 was paid in a mix of cash (10%) and restricted ordinary shares of the Company (90%). On June 16, 2022, the Company issued 94,500 restricted Ordinary Shares to the sellers’ designated parties. GFAI Robot Service (Vietnam) Co., Ltd (“AI Vietnam”) was incorporated in Vietnam on July 8, 2022. AI Vietnam is a dormant company and is a 100% owned subsidiary of AI Hong Kong. On March 22, 2023, AI Vietnam was deregistered. On December 21, 2022, the Company entered into an asset purchase agreement (“Agreement”) with Shenzhen Kewei Robot Technology Co., Limited (“Shenzhen Kewei”) to purchase certain of Shenzhen Kewei’s robot-related business assets in China. The Company will acquire, and Yeantec will transfer to the Company, select robotic equipment assets and Kewei’s technology platform. The purchase price for these assets is $2,100,000, which will be fully paid in the form of 262,500 restricted ordinary shares of the Company based on a price of $8.0 per share. The Company issued 262,500 shares to Shenzhen Kewei on March 1, 2023. GFAI Technology Limited (“GFAI Technology”) was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004, on December 7, 2023. GFAI Technology is a 100% owned subsidiary of Guardforce. GFAI Technology is an investment holding company. GFAI Technology (Hong Kong) was incorporated in Hong Kong on January 8, 2024. GFAI Technology (Hong Kong) is a 100% owned subsidiary of GFAI Technology. InnoAI Technology (Shenzhen) Co., Ltd. (“InnoAI”) was incorporated in China on December 13, 2023. On May 13, 2024, the Company acquired 100% of the interest in InnoAI with RMB1 and InnoAI became a 100% owned subsidiary of AI Shenzhen. InnoAI is a company dedicated to the research and development of artificial intelligence projects. The following diagram illustrates the Company’s legal entity ownership structure as of June 30, 2024:

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 2024
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES The accounting policies applied for the six months ended June 30, 2024 and 2023 are consistent with those of the audited consolidated financial statements for the years ended December 31, 2023 and 2022, as described in those audited consolidated financial statements, except for the adoption of new and amended International Financial Reporting Standards (“IFRS”) effective for the year ending December 31, 2023 which are relevant to the preparation of the June 30, 2024 and 2023 interim condensed consolidated financial statements. On September 25, 2024, the interim condensed consolidated financial statements were approved by the board of directors and authorized for issuance. 2.1 Basis of presentation The accompanying interim condensed consolidated financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”. These statements should be read in conjunction with the audited consolidated financial statements for the years ended December 31, 2023, 2022 and 2021, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The interim condensed consolidated financial statements have been prepared on a historical cost basis. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying unaudited condensed consolidated financial statements. The results of operations for the six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year ended December 31, 2024. All amounts are presented in United States dollars (“USD”) and have been rounded to the nearest USD. In addition, the accompanying condensed consolidated interim financial statements are presented on the basis that the Company is a going concern. The going concern assumption contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. 2.2 Basis of consolidation The consolidated statements of profit or loss and other comprehensive loss, statements of changes in equity and statements of cash flows of the Company for the relevant periods include the results and cash flows of all companies now comprising the Company from the earliest date presented or since the date when the subsidiaries and/or businesses first came under the common control of the controlling shareholders, wherever the period is shorter. The interim condensed consolidated balance sheet of the Company as of June 30, 2024 has been prepared to present the assets and liabilities of the subsidiaries under the historical cost convention. Equity interests in subsidiaries held by parties other than the controlling shareholders are presented as non-controlling interests in equity. All intra-group and inter-company transactions and balances have been eliminated on consolidation. 2.3 Segment reporting IAS 14 Segment Reporting requires reporting of financial information by business or geographical area. It requires disclosures for ‘primary’ and ‘secondary’ segment reporting formats, with the primary format based on whether the entity’s risks and returns are affected predominantly by the products and services it produces or by the fact that it operates in different geographical areas. The entity’s reportable segments are its business and geographical segments for which a majority of their revenue is earned from sales to external customers and for which: ● revenue from sales to external customers and from transactions with other segments is 10% or more of the total revenue, external and internal, of all segments; or ● segment result, whether profit or loss, is 10% or more the combined result of all segments in profit or the combined result of all segments in loss, whichever is greater in absolute amount; or ● assets are 10% or more of the total assets of all segments. Segments deemed too small for separate reporting may be combined with each other, if related, but they may not be combined with other significant segments for which information is reported internally. Alternatively, they may be separately reported. If neither combined nor separately reported, they must be included as an unallocated reconciling item. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. Transfers and sales between reportable segments, if any, are recorded at cost. The Company reports financial and operating information in the following four segments and geographical segmental data as shown in Note 22: (i) Secured logistics; (ii) AI&Robotics solution business; (iii) General security solutions; and (iv) Corporate and others The Corporate and others segment covers the non-operating activities supporting the Company. It comprises the Company’s holdings and treasury organization, including its headquarter and central functions. All listing related expenses are included in the Corporate and others segment. This segment is an administrative-operating segment rather than a revenue-generating operating segment. The Company completed the divestiture with Handshake on February 6, 2024. The business of Handshake represented the entirety of the Company’s information security operating segment through February 6, 2024, which is excluded from the Company’s segment reporting. 2.4 Business combinations The Company accounts for business combinations using the acquisition method when control is transferred to the Company, other than those between and among entities under common control. The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Any goodwill that arises is tested annually for impairment. Any gain on the bargain purchase is recognized in the statement of profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. 2.5 Critical accounting estimate and judgements The preparation of the consolidated financial statements.in conformity with IFRS requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. In preparing the interim condensed consolidated financial statements, the significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements for the year ended December 31, 2023. 2.6 Foreign currency translation The presentational currency of the Company is the USD. The functional currency of Guardforce, AI Holdings, AI Robots, Horizon Dragon, Southern Ambition, AI Robotics, AI US, AI Macau, AI Singapore, AI Malaysia, AI Hong Kong, AI Thailand, GF Cash (CIT), AI R&I, InnoAI, AI Shenzhen, Shenzhen GFAI, Guangzhou GFAI and Beijing Wanjia is the local currency where these companies operate. The functional currency of AI Korea, AI Australia, AI Canada, AI Vietnam, AI Japan, and AI Dubai is USD. The currency exchange rates and the entities that significantly impact our business are shown in the following table: Period End Rate Average Rate June 30, December 31, For the six months ended 2024 2023 2024 2023 Thai Baht (GF Cash (CIT), AI R&I) 0.0271 0.0292 0.0275 0.0293 Hong Kong Dollar (AI Hong Kong) 0.1281 0.1282 0.1279 0.1282 Chinese Renminbi (Beijing Wanjia) 0.1376 0.1409 0.1386 0.1444 2.7 Financial risk management 2.7.1 Financial risk factors The Company’s activities expose it to a variety of financial risks: foreign exchange risk, interest rate risk and liquidity risk. The Company’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company’s financial performance. The interim condensed consolidated financial statements do not include all financial risk management information and disclosures required in the audited financial statements and should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2023 and 2022. 2.7.2 Liquidity risk Prudent liquidity management implies maintaining sufficient cash and cash equivalents and the availability of funding through an adequate amount of committed credit facilities. The Company’s primary cash requirements are for operating expenses. The Company mainly finances its working capital requirements from cash generated from funds raised from the public offerings, operations, proceeds from the exercise of warrants, bank borrowings and finance leases. The Company’s policy is to regularly monitor current and expected liquidity requirements to ensure it maintains sufficient cash and cash equivalents and an adequate amount of committed credit facilities to meet its liquidity requirements in the short and long term. At the reporting date, the contractual undiscounted cash flows of the Company’s current financial liabilities approximate their respective carrying amounts due to their short maturities. 2.7.3 Capital risk management The Company’s objectives on managing capital are to safeguard the Company’s ability to continue as a going concern and support the sustainable growth of the Company in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return of capital to shareholders, issue new shares or sell assets to reduce debt. 2.7.4 Impact of COVID-19 The COVID-19 pandemic has developed since 2020, causing severe impact to the Company’s financial performance. Until the beginning of 2023, when governments of the countries where the Company is operating lifted most of the social distancing measures and other restrictions, the Company’s business has gradually recovered and the Company has resumed normal business operations in 2024. 2.8 Inventories Inventories solely consist of security equipment and are stated at the lower of cost, determined on a weighted average basis, or net realizable value (Note 5). Net realizable value is the estimated selling price in the ordinary course of business less the estimated cost of completion and the estimated costs necessary to make the sale. When inventory is sold, their carrying amount is charged to expense in the period in which the revenue is recognized. Write-downs for declines in net realizable value or for losses of inventories are recognized as an expense in the period the impairment or loss occurs. The Company recorded an allowance for slow-moving or obsolete robots’ inventories of $ nil During the six months ended June 30, 2024, no inventories were purchased from related parties. And during the six months ended June 30, 2023, all inventories were purchased from the related parties (Note 21). 2.9 Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation. The Company recognizes the contractual right to receive money or products from related parties as amounts due from related parties. For those that the contractual maturity date is less than one year, the Company records as current assets. 2.10 Assets under construction Assets under construction are stated at cost less impairment losses, if any. Cost comprises direct costs of construction as well as interest expense and exchange differences capitalized during the periods of construction and installation. Capitalization of these costs ceases and the construction in progress is transferred to property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for assets under construction until they are completed and ready for intended use. 2. 11 Goodwill Following initial recognition, goodwill is stated at cost less any accumulated impairment losses. Goodwill is reviewed for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. At the acquisition date, any goodwill acquired is allocated to the cash-generating units (CGU) which are expected to benefit from the combination’s synergies. Impairment is determined by assessing the recoverable amount of the CGU to which the goodwill related. Where the recoverable amount of the CGU is less than the carrying amount, an impairment loss is recognized. Where goodwill forms part of a CGU and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of In these circumstances is measured on the basis of the relative values of the operation disposed of and the portion of the CGU retained. The Company recorded impairment loss of $30,467 and $1,263,040 for the six months ended June 30, 2024 and 2023, respectively. 2.12 Impairment of long-lived assets At the end of each reporting period, the Company reviews the carrying amounts of its long-lived assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. For the six months ended June 30, 2024 and 2023, an impairment loss on the robots’ assets of $ nil 2.13 Offsetting Assets and Liabilities During the six months ended June 30, 2024, the Company engages in offsetting arrangements for certain financial assets and financial liabilities. These arrangements primarily involve the offsetting of related party receivables and related party payables. The Company has established legally enforceable rights to offset financial assets and financial liabilities subject to offsetting arrangements. These rights may arise from agreements, netting arrangements, or a combination of legal and contractual rights. 2.14 Revenue from contracts with customers The Company generates its revenue primarily from four service lines: (1) Secured logistics; (2) AI&Robotics solution business; (3) Information security; and (4) General security solutions. Each service line primarily renders the following services: (1) Secure logistics (i) Cash-In-Transit – Non Dedicated Vehicle (CIT Non-DV); (ii) Cash-In-Transit – Dedicated Vehicle (CIT DV); (iii) ATM management; (iv) Cash Processing (CPC); (v) Cash Center Operations (CCT); (vi) Consolidate Cash Center (CCC); (vii) Express Cash; (viii) Coin Processing Service; and (ix) Cash Deposit Management Solutions (2) AI&Robotics solution business (i) Sale of robots and (ii) Rental of robots (3) Information security – the Company generates this revenue from Handshake. After the completion of the decoupling with Handshake on February 6, 2024, the Company was no longer generating any revenues from this service line. For the six months ended June 30, 2024 and 2023, revenue and results of operations derived from this service line were presented as discontinued operations on the consolidated statements of profit or loss. (i) Penetration test; (ii) PCI ASVScan and (iii) Rapid7 Sales (4) General security solutions (i) Installation of fire alarm security systems; (ii) Sale of security equipment The Company recognizes revenue at a point in time as products are delivered and services are performed. Consultancy fees typically covers a period of time, the revenue is recognized on a ratable basis over the contract term. The Company applies the following five-step model in order to determine the amount: ● To identify the contract or quotation with the agreed service price. ● To evaluate the services engaged in the customer’s contract and identify the related performance obligations. ● To consider the contract terms and commonly accepted practices in the business to determine the transaction price. The transaction price is the consideration that the Company expects to be entitled for delivering the services engaged with the customer. The consideration engaged in a customer’s contract is generally a fixed amount. ● To allocate the transaction price, if necessary, to each performance obligation (to each good or service that is different) for an amount that represents the part of the benefit that the Company expects to receive in exchange for the right of delivering the services engaged with the customer. ● To recognize revenue when the Company satisfies the performance obligation through the rendering of services engaged. All of the conditions mentioned above are accomplished normally when the services are rendered to the customer and this moment is considered a point in time. The reported revenue reflects services delivered at the contract or agreed-upon price. Revenue is recognized when the related performance obligation is satisfied. Disaggregation information of revenue by service type which was recognized based on the nature of performance obligation disclosed above is as follows: For the six months ended 2024 Percentage of 2023 Percentage of Service Type $ Revenue $ Revenue (Unaudited) (Unaudited) Cash-In-Transit – Non-Dedicated Vehicles (CIT Non-DV) $ 6,016,286 34.2 % $ 5,988,087 33.3 % Cash-In-Transit – Dedicated Vehicle to Banks (CIT DV) 1,765,869 10.1 % 1,961,464 10.9 % ATM Management 3,293,725 18.7 % 3,895,708 21.6 % Cash Processing (CPC) 1,710,792 9.7 % 1,613,933 9.0 % Cash Center Operations (CCT) 857,109 4.9 % 958,760 5.3 % Consolidate Cash Center (CCC) 276,137 1.6 % 395,105 2.2 % Others - - % 4,332 0.0 % Cash Deposit Management Solutions (GDM) 1,842,026 10.5 % 1,125,767 6.3 % AI&Robotics solution 131,142 0.8 % 440,229 2.4 % General security solutions 1,673,758 9.5 % 1,622,218 9.0 % Total $ 17,566,844 100.0 % $ 18,005,603 100.0 % Others include primarily revenue from express cash and coin processing services. During the six months ended June 30, 2023, all revenue were generated from third parties. During the six months ended June 30, 2024, revenue amounting to $17,562,192 were generated from third parties; and $4,652 were generated from a related party (Note 21). 2.15 Cost of sales Cost of sales consists primarily of internal labor costs and related benefits, and other overhead costs that are directly attributable to services provided. 2.16 New and amended accounting standards All new standards and amendments that are effective for annual reporting period commencing January 1, 2024 have been applied by the Company for the six months ended June 30, 2024. The adoption of these new and amended standards did not have material impact on the interim condensed consolidated financial statements of the Company. A number of new standards and amendments to standards have not come into effect for the year beginning January 1, 2024, and they have not been early adopted by the Company in preparing these interim condensed consolidated financial statements. None of these new standards and amendments to standards is expected to have a significant effect on the interim condensed consolidated financial statements of the Company.

Business Combination

Business Combination	6 Months Ended
Business Combination	Jun. 30, 2024
Business Combination [Abstract]
BUSINESS COMBINATION	3. BUSINESS COMBINATION On May 13, 2024, the Company closed an acquisition of InnoAI Technology (Shenzhen) Co., Ltd. (“InnoAI”). Approximately $0.1 (RMB1) was paid in consideration of 100% of the equity interest in InnoAI. This acquisition has been accounted for in accordance with IFRS 3 guidelines under acquisition accounting, whereby the Company recognized the assets and liabilities transferred at their carrying amounts with carry-over basis. A Purchase Price Allocation exercise has been undertaken to establish the constituent parts of the acquired companies’ balance sheet at fair value on acquisition. As is customary in these circumstances, this will remain under review and subject to change during the twelve-month hindsight period. At the date of the acquisition, the total assets, total liabilities and goodwill represent $4,720, $(35,187) and $30,467, respectively. The total revenue included in the Consolidated Statement of Profit or Loss for the six months ended June 30, 2024 since the acquisition date contributed by InnoAI was $99. Total net loss for the six months ended June 30, 2024 incurred by InnoAI since the acquisition date was $95,290. Had InnoAI been consolidated from January 1, 2024, the Consolidated Statement of Profit or Loss for the six months ended June 30, 2024 would show revenue from InnoAI of $831 and net loss from InnoAI of $99,550. During the six months ended June 30, 2024, the Company recorded a full goodwill impairment loss on InnoAI of $30,467.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
Cash, Cash Equivalents and Restricted Cash	Jun. 30, 2024
Cash, Cash Equivalents and Restricted Cash [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	4. CASH, CASH EQUIVALENTS AND RESTRICTED CASH As of As of (Unaudited) Cash on hand $ 514,080 $ 472,641 Cash in bank 13,465,137 19,762,586 Subtotal 13,979,217 20,235,227 Restricted cash – current (a) 26,319 100,764 Restricted cash – non-current (b) 1,496,236 1,608,762 Cash, cash equivalents, and restricted cash 15,501,772 21,944,753 Cash at banks attributable to discontinued operations - 28,642 Cash, cash equivalents, and restricted cash $ 15,501,772 $ 21,973,395 (a) During the six months ended June 30, 2024, with regards to various labor-related lawsuits in the PRC, the PRC Court issued an order to freeze one of the Company’s bank accounts which restricted or prohibited the transfer and use of deposited funds by the Company. The sum will be released upon the Company has paid to satisfy the claims. (b) The non-current restricted cash represents cash pledged with a local bank in Thailand as collateral for bank guarantees issued by those banks in respect of the Company’s Cash-In-Transit projects.

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2024
Inventories [Abstract]
INVENTORIES	5. INVENTORIES As of As of (Unaudited) Robots in warehouse $ 4,584,078 $ 4,743,645 Security equipment* 381,155 506,403 Impairment provision for inventories (4,584,078 ) (4,743,645 ) Inventories $ 381,155 $ 506,403 * As of December 31, 2023, and June 30, 2024, the Company only had Security equipment in inventory balance. The Company recorded an allowance for slow-moving or obsolete robots’ inventories of $ nil

Trade Receivables, Net

Trade Receivables, Net	6 Months Ended
Trade Receivables, Net	Jun. 30, 2024
Trade Receivables, Net [Abstract]
TRADE RECEIVABLES, NET	6. TRADE RECEIVABLES, NET As of As of (Unaudited) Trade receivable $ 5,636,167 $ 5,780,144 Provision for doubtful accounts (319,184 ) (149,339 ) Trade receivable, net $ 5,316,983 $ 5,630,805 The Company recorded an allowance for doubtful accounts of $184,180 and $45,932 for the six months ended June 30, 2024 and 2023, respectively.

Withholding Tax Receivable

Withholding Tax Receivable	6 Months Ended
Withholding Tax Receivable	Jun. 30, 2024
Withholding Tax Receivable [Abstract]
WITHHOLDING TAX RECEIVABLE	7. WITHHOLDING TAX RECEIVABLE Withholding tax receivable movement for the six months ended June 30, 2024 and 2023: 2024 2023 (Unaudited) (Unaudited) Balance at January 1, $ 2,224,846 $ 2,691,096 Addition 376,265 401,941 Collection (604,168 ) - Recovery of (Write off)/Allowance for uncollectible 32,980 (561,277 ) Exchange difference (158,496 ) (73,713 ) Balance at June 30, $ 1,871,427 $ 2,458,047 Withholding tax receivable balance as of June 30, 2024 and December 31, 2023: As of As of (Unaudited) Current portion $ 366,884 $ 607,221 Non-current portion 1,504,543 1,617,625 Withholding tax receivable $ 1,871,427 $ 2,224,846 During the six months ended June 30, 2024, the Company received a withholding tax refund of approximately THB22.0 million Based on amounts refunded and written off for the receivable related to years 2013 to 2019, the Company recorded an allowance of approximately $ nil million

Other Current and Other Non-Cur

Other Current and Other Non-Current Assets	6 Months Ended
Other Current and Other Non-Current Assets	Jun. 30, 2024
Other Current and Other Non-Current Assets [Abstract]
OTHER CURRENT AND OTHER NON-CURRENT ASSETS	8. OTHER CURRENT AND OTHER NON-CURRENT ASSETS As of As of (Unaudited) Input VAT and other taxes receivable $ 244,025 $ 219,232 Prepayments – office and warehouse rental 1,284,395 818,997 Prepayments - insurance 383,101 91,022 Prepayments - others 393,910 187,759 Uniforms 12,876 17,417 Prepayments – independent directors’ fee 77,700 - Tools and supplies 120,355 143,760 Cash advances to employees 48,386 79,169 Interest receivable on bank deposits 69,051 108,215 Other current assets $ 2,633,799 $ 1,665,571 Deposits $ 390,065 $ 402,447 Other non-current assets $ 390,065 $ 402,447

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
Property, Plant and Equipment	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	9. PROPERTY, PLANT AND EQUIPMENT Leasehold Machinery Office Vehicles Assets GDM Robots Total Cost At December 31, 2022 $ 3,146,864 $ 4,868,015 $ 5,354,351 $ 15,518,987 $ 33,222 $ 1,948,698 $ 7,194,815 $ 38,064,952 Additions - 1,750 6,964 - - 624,126 273,779 906,619 Disposals (104,773 ) (105,939 ) (48,955 ) (47,155 ) - - (56,389 ) (363,211 ) Impairment of fixed assets - - - - - - (1,591,766 ) (1,591,766 ) Exchange differences (60,518 ) (95,521 ) (106,807 ) (353,552 ) (652 ) (38,238 ) (141,241 ) (796,529 ) At June 30, 2023 (Unaudited) 2,981,573 4,668,305 5,205,553 15,118,280 32,570 2,534,586 5,679,198 36,220,065 At December 31, 2023 $ 3,073,809 $ 4,829,343 $ 5,335,825 $ 15,505,385 $ 108,909 $ 3,133,883 $ 3,954,153 $ 35,941,307 Additions - 24,171 14,640 - - - - 38,811 Transfer in (out) - - - 70,842 (70,842 ) - - - Disposals (955,753 ) - (1,073,690 ) (278,087 ) - - (9,900 ) (2,317,430 ) Exchange differences (204,895 ) (350,278 ) (359,132 ) (1,107,555 ) (6,902 ) (227,085 ) (126,900 ) (2,382,747 ) At June 30, 2024 (Unaudited) 1,913,161 4,503,236 3,917,643 14,190,585 31,165 2,906,798 3,817,353 31,279,941 Accumulated Depreciation At December 31, 2022 $ 2,577,341 $ 4,748,031 $ 4,889,742 $ 13,493,656 $ - $ 1,230,247 $ 3,059,174 $ 29,998,191 Depreciation charged for the period 48,922 34,180 87,164 263,962 - 202,983 516,626 1,153,837 Disposals (108,213 ) (109,514 ) (44,542 ) (48,748 ) - - (14,847 ) (325,864 ) Exchange differences (48,443 ) (90,705 ) (101,287 ) (275,519 ) - (30,774 ) (77,779 ) (624,507 ) As June 30, 2023 (Unaudited) 2,469,607 4,581,992 4,831,077 13,433,351 - 1,402,456 3,483,174 30,201,657 At December 31, 2023 $ 2,605,039 $ 4,761,599 $ 5,015,520 $ 13,880,678 $ - $ 1,680,593 $ 3,954,153 $ 31,897,582 Depreciation charged for the period 48,918 28,323 64,202 175,152 - 209,611 - 526,206 Disposals (955,747 ) - (1,072,429 ) (276,081 ) - - (9,900 ) (2,314,157 ) Exchange differences (174,655 ) (345,427 ) (340,421 ) (998,055 ) - (124,702 ) (126,900 ) (2,110,160 ) As June 30, 2024 (Unaudited) 1,523,555 4,444,495 3,666,872 12,781,694 - 1,765,502 3,817,353 27,999,471 Net book value At June 30, 2023 (Unaudited) $ 511,966 $ 86,313 $ 374,476 $ 1,684,929 $ 32,570 $ 1,132,130 $ 2,196,024 $ 6,018,408 At June 30, 2024 (Unaudited) $ 389,606 $ 58,741 $ 250,771 $ 1,408,891 $ 31,165 $ 1,141,296 $ - $ 3,280,470 Depreciation expense related to property, plant and equipment was $526,206 and $1,057,117, respectively for the six months ended June 30, 2024 and 2023. For the six months ended June 30, 2024 and 2023, the Company recorded an impairment loss on robots’ assets of $ nil As of June 30, 2024 and 2023, net book value of robot assets was approximately $ nil

Right-of-Use Assets and Operati

Right-of-Use Assets and Operating Lease Liabilities	6 Months Ended
Right-of-Use Assets and Operating Lease Liabilities	Jun. 30, 2024
Right-Of-Use Assets And Operating Lease Liabilties [Abstract]
RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES	10. RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES The right-of-use assets movement for the six months ended June 30, 2024 and 2023 and the carrying amounts are as below: 2024 2023 (Unaudited) (Unaudited) Balance at January 1, $ 2,688,208 $ 4,171,409 New leases 1,003,988 271,004 Termination of a lease (112,912 ) - Depreciation expense (816,084 ) (1,042,981 ) Exchange difference (174,660 ) (75,562 ) Net book amount $ 2,588,540 $ 3,323,870 The total operating lease liabilities are as below: As of As of Current portion $ 1,457,783 $ 1,239,066 Non-current portion 1,124,195 1,455,857 Operating lease liabilities $ 2,581,978 $ 2,694,923 Lease liabilities were measured at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate. The weighted average incremental borrowing rate applied to new leases during the six months ended June 30, 2024 was 5.37%. The weighted average incremental borrowing rate applied to new leases during the six months ended June 30, 2023 was 3.52%. For the six months ended June 30, 2024 and 2023, interest expense of $58,248 and $58,602 arising from lease liabilities was included in finance costs, respectively. Depreciation expense related to right-of-use assets was $816,084 and $1,026,316, respectively for the six months ended June 30, 2024 and 2023.

Intangible Assets

Intangible Assets	6 Months Ended
Intangible Assets	Jun. 30, 2024
Intangible Assets [Abstract]
INTANGIBLE ASSETS	11. INTANGIBLE ASSETS Computer Right-of-use Customer Technical Security Intelligent Assets under Total Cost At December 31, 2022 $ 887,745 $ 673,029 $ 1,042,110 $ 499,344 $ 1,360,898 $ 3,000,000 $ 194,495 $ 7,657,621 Additions - - - - 195,087 1,597,754 - 1,792,841 Exchange differences (17,419 ) (31,974 ) (49,509 ) (23,723 ) (306,604 ) - (3,816 ) (433,045 ) At June 30, 2023 (Unaudited) 870,326 641,055 992,601 475,621 1,249,381 4,597,754 190,679 9,017,417 At December 31, 2023 $ 919,222 $ 114,659 $ 829,560 $ 486,112 $ 1,524,224 $ 1,604,580 $ 194,082 $ 5,672,439 Additions 115,164 - - - - - - 115,164 Exchange differences (67,805 ) (2,687 ) (19,440 ) (11,392 ) (35,720 ) (3,095 ) (14,063 ) (154,202 ) At June 30, 2024 (Unaudited) 966,581 111,972 810,120 474,720 1,488,504 1,601,485 180,019 5,633,401 Accumulated amortization At December 31, 2022 $ 767,168 $ 50,477 $ 405,868 $ 28,405 $ 612,560 $ - $ - $ 1,864,478 Amortization charged for the period 26,139 33,582 201,013 28,346 63,817 182,671 - 535,568 Exchange differences (15,908 ) (3,927 ) (28,438 ) (2,641 ) (286,182 ) - - (337,096 ) As June 30, 2023 (Unaudited) 777,399 80,132 578,443 54,110 390,195 182,671 - 2,062,950 At December 31, 2023 $ 830,600 $ 114,659 $ 706,271 $ 82,956 $ 699,123 $ 402,580 $ - $ 2,836,189 Amortization charged for the period 28,236 - 40,430 27,204 52,152 66,610 - 214,632 Exchange differences (60,535 ) (2,687 ) (16,848 ) (2,144 ) (16,766 ) (3,095 ) - (102,075 ) As June 30, 2024 (Unaudited) 798,301 111,972 729,853 108,016 734,509 466,095 - 2,948,746 Net book value At June 30, 2023 (Unaudited) $ 92,927 $ 560,923 $ 414,158 $ 421,511 $ 859,186 $ 4,415,083 $ 190,679 $ 6,954,467 At June 30, 2024 (Unaudited) $ 168,280 $ - $ 80,267 $ 366,704 $ 753,995 $ 1,135,390 $ 180,019 $ 2,684,655 Amortization expense related to intangible assets was $214,632 and $535,568, respectively for the six months ended June 30, 2024 and 2023.

Trade and Other Payables and Ot

Trade and Other Payables and Other Current Liabilities	6 Months Ended
Trade and Other Payables and Other Current Liabilities	Jun. 30, 2024
Trade and Other Payables and Other Current Liabilities [Abstract]
TRADE AND OTHER PAYABLES AND OTHER CURRENT LIABILITIES	12. TRADE AND OTHER PAYABLES AND OTHER CURRENT LIABILITIES As of As of (Unaudited) Trade payables – third parties $ 2,553,826 $ 2,113,401 Accrued salaries and bonus 369,275 603,112 Other payables, accrued customer claims, cash loss and shortage* 124,433 300,337 Trade and other payables $ 3,047,534 $ 3,016,850 Output VAT and other taxes payable $ - $ 100,166 Accrued expenses 525,467 639,556 Payroll payable 715,467 925,142 Provision for stock-based compensation expense** - 830,000 Other payables 487,172 419,964 Deferred revenue 36,530 256,815 Other current liabilities $ 1,764,636 $ 3,171,643 * Includes a provision for penalty for failure to meet certain performance indicators as stipulated in certain customer contracts for approximately $5,462 and $7,108 as of June 30, 2024 and 2023, respectively. ** During the year ended December 31, 2023, provision was made upon the management decision to grant restricted shares to officers and certain employees based on their performance in 2023 under the Company’s 2022 Equity Incentive Plan. 288,000 shares were granted to officers and certain employees on May 7, 2024 to settle such provision balance (Note 18).

Borrowings

Borrowings	6 Months Ended
Borrowings	Jun. 30, 2024
Borrowings [Abstract]
BORROWINGS	13. BORROWINGS As of As of (Unaudited) Short-term bank borrowing $ 55,040 $ 140,902 Current portion of long-term bank borrowings 132,248 196,339 Long-term bank borrowings - 44,410 Total borrowings $ 187,288 $ 381,651 The Company maintains two borrowings with two financial institutions. The borrowings are used for working capital purposes to support its business operations in China and Thailand. Those borrowings carry interest at the rates of 4.69% and 3.77% per annum with maturity dates of April 7, 2025 and September 25, 2024. For the six months ended June 30, 2024 and 2023, the interest expense recorded for bank borrowings was $10,002 and $33,394, respectively. As of June 30, 2024, the Company has no unused bank overdraft availability and no unused trust receipts availability. Prior to entering into a loan conversion agreement with WK Venture on September 28, 2023 to discharge the entire loan amount and accrued unpaid interest, as of June 30, 2023, the Company maintained a loan in the principal amount of $13.42 million with WK Venture which bears interest at 4% and is due on December 31, 2024. For the six months ended June 30, 2024 and 2023, interest expense recorded for this third-party borrowing was $ nil

Convertible Note Payable

Convertible Note Payable	6 Months Ended
Convertible Note Payable	Jun. 30, 2024
Convertible Note Payable [Abstract]
CONVERTIBLE NOTE PAYABLE	14. CONVERTIBLE NOTE PAYABLE On October 25, 2022, the Company issued Streeterville Capital, LLC (“CVP”) an unsecured convertible promissory note in the principal amount of $1,707,500 (the “Note”). Prior to the Company’s full settlement on the outstanding convertible note payable with CVP on October 25, 2023, on April 17, 2023, CVP delivered to the Company a conversion notice informing the Company that CVP has elected to convert a portion of the balances $1,238,400 at the conversion price pf $7.20. Upon this conversion, the Company issued 172,000 restricted ordinary shares to CVP on April 19, 2023. On October 25, 2023, the Company paid $554,238 to CVP to fully settle the remaining Note balance. For the six months ended June 30, 2024 and 2023, the interest expense recorded for the Note was $ nil

Finance Lease Liabilities

Finance Lease Liabilities	6 Months Ended
Finance Lease Liabilities	Jun. 30, 2024
Schedule of Operating Lease Liabilities [Abstract]
FINANCE LEASE LIABILITIES	15. FINANCE LEASE LIABILITIES As of As of (Unaudited) Current portion $ 53,055 $ 108,597 Non-current portion 203,127 218,996 Finance lease liabilities $ 256,182 $ 327,593 For the six months ended June 30, 2024 and 2023, interest expense was $8,954 and $15,987, respectively. The minimum lease payments under finance lease agreements are as follows: As of As of (Unaudited) Within 1 year $ 60,407 $ 126,042 After 1 year but within 5 years 219,171 236,293 Less: Finance charges (23,396 ) (34,742 ) Present value of finance lease liabilities, net $ 256,182 $ 327,593 Finance lease assets comprise primarily vehicles and office equipment as follow: As of As of (Unaudited) Cost $ 673,722 $ 655,371 Less: Accumulated depreciation (227,152 ) (215,038 ) Net book value $ 446,570 $ 440,333

Taxation

Taxation	6 Months Ended
Taxation	Jun. 30, 2024
Taxation [Abstract]
TAXATION	16. TAXATION Value added tax (“VAT”) GF Cash (CIT) and AI R&I are subsidiaries operating in Thailand, which are subject to a statutory VAT of 7% for services in Thailand. Shenzhen GFAI, Guangzhou GFAI, InnoAI and Beijing Wanjia are the subsidiaries operating in the PRC, which are subject to a statutory VAT of 13% for goods delivered and rental provided, 6% for services provided and 9% for construction projects in the PRC. The output VAT is charged to customers who receive services from the Company and the input VAT is paid when the Company purchases goods and services from its vendors. The input VAT can be offset against the output VAT. The VAT payable is presented on the balance sheets when input VAT is less than the output VAT. A recoverable balance is presented on the balance sheets when input VAT is larger than the output VAT. Income tax Current income tax is provided on the basis of net income for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Deferred income tax is accounted for using an asset and liability method. Under this method, deferred income tax is recognized for the tax consequences of temporary differences by applying enacted statutory rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax base of an asset or liability is the amount attributed to that asset or liability for tax purposes. The effect on deferred tax of a change in tax rates is recognized in the consolidated statements of profit or loss in the period of change. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered more likely than not that some portion of, or all of the deferred tax assets will not be realized. The Company offsets deferred tax assets and deferred tax liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income tax levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered. During the six months ended June 30, 2024 and 2023, the Company made a valuation allowance of $22,949 and $874,431 on the portion of deferred tax assets not expected to be realized.

Provision for Employee Benefits

Provision for Employee Benefits	6 Months Ended
Provision for Employee Benefits	Jun. 30, 2024
Provision for Employee Benefits [Abstract]
PROVISION FOR EMPLOYEE BENEFITS	17. PROVISION FOR EMPLOYEE BENEFITS The Company maintains two retired benefit plans. Both plans are based on the requirements of the Thailand Labor Protection Act B.E.2541 (1988) to provide retirement benefits to employees based on pensionable remuneration and length of service which are considered as unfunded. The plan asset is unfunded and the Company will pay benefits when needed. Movement for the defined benefit obligations for the six months ended June 30, 2024 and 2023: Provision 2024 2023 (Unaudited) (Unaudited) Defined benefit obligations at January 1, $ 4,935,982 $ 4,849,614 Estimate for the six months period* (344,427 ) (74,552 ) Defined benefit obligations at June 30, $ 4,591,555 $ 4,775,062 * The estimate represents the difference between the Company’s estimated defined benefit obligations based on employees’ past service and expected future salary at the beginning of the fiscal year and the end of the six-month period.

Shareholders_ Equity

Shareholders’ Equity	6 Months Ended
Shareholders’ Equity	Jun. 30, 2024
Shareholders’ Equity [Abstract]
SHAREHOLDERS’ EQUITY	18. SHAREHOLDERS’ EQUITY Equity transactions during the six months ended June 30, 2023: On January 31, 2023, the Company completed a 1 for 40 share consolidation of its authorized and issued ordinary shares whereby every forty shares were consolidated into one share. In addition, the par value of each ordinary share increased from $0.003 to $0.12. Immediately following the completion of the share consolidation, the Company increased its authorized ordinary shares from 7,500,000 ordinary shares to 300,000,000 ordinary shares. All shares disclosed in these condensed consolidated financial statement represent post-consolidation number of shares. On February 17, 2023, a total of 2,339 fractional shares were canceled as a result of the share consolidation. In connection with the restricted ordinary shares issued on June 16, 2022 as a deposit to acquire 100% of the equity interests in seven Kewei Group companies and such acquisition was terminated on September 13, 2022 , on February 13, 2023, a total of 243,000 shares were returned and cancelled. In connection with an asset purchase agreement entered between the Company and Shenzhen Kewei Robot Technology Co., Limited (“Shenzhen Kewei”) on December 21, 2022 to purchase certain of Shenzhen Kewei’s robot-related business assets in China (Note 1), on March 1, 2023, a total of 262,500 restricted ordinary shares were issued to the shareholders of Shenzhen Kewei. In connection with the conversion of the convertible note with Streeterville Capital, LLC (“CVP”) (Note 14), the Company issued 172,000 restricted ordinary shares to CVP on April 19, 2023. A total of 128,901 warrants were exercised during the six months ended June 30, 2023. As of June 30, 2023, we have an aggregate of 2,013,759 warrants issued and outstanding. On March 8, 2023, the Company issued a Notice regarding Adjustment of Exercise Price (for Public Warrants) after share consolidation to the Company’s public warrant holders. As a result of the share consolidation, the exercise price under the public warrant was proportionately increased from $0.16 to $6.40, the exercise price under the private warrant was proportionately increased from $0.18 to $7.20. If any holder exercises one warrant, one-40th (1/40) ordinary share will be received in cash (by Cash in Lieu), holders must exercise at least 40 warrants to receive 1 ordinary share. On May 5, 2023, the Company completed an underwritten public offering (“CMPO 1”) to issue 1,720,430 ordinary shares and an additional 258,064 ordinary shares for the exercise of an over-allotment option at the time of the closing at a public offering price of $4.65 per share for aggregate gross proceeds of approximately $9.2 million. On May 12, 2023, the Company completed another underwritten public offering (“CMPO 2”) to issue 2,580,600 ordinary shares and an additional 387,090 ordinary shares for the exercise of an over-allotment option at the time of the closing at a public offering price of $4.65 per share for aggregate gross proceeds of approximately $13.8 million. Equity transactions during the six months ended June 30, 2024: The Company completed the separation with Handshake that the returning 1,091 restricted ordinary shares which were canceled on March 4, 2024 (Note 23). On March 6, 2024, the Company issued an aggregate number of 120,000 restricted ordinary shares to three independent directors on the Board of Directors, representing 60,000 restricted ordinary shares for their service performed in 2023 and 60,000 restricted ordinary shares for their service to be performed in 2024. The fair value for the 60,000 restricted ordinary shares for 2024 full-year service was $155,400. The Company recorded stock-based compensation expense of $77,700 for the six months ended June 30, 2024 and a prepayments for independent directors’ fee of $77,700 as of June 30, 2024 (Note 12). On May 7, 2024, the Company issued an aggregate number of 288,000 restricted ordinary shares to officers and certain employees for their service performed in 2023. Fair value for the 288,000 restricted ordinary shares for 2023 full-year service was $924,955. As of December 31, 2023, the Company made a provision for the stock-based compensation of $830,000. For the six months ended June 30, 2024, the Company recorded the under-provided amount of $94,955. Equity transactions subsequent to June 30, 2024: From July 1, 2024 through the date of the release of these condensed consolidated financial statements, the Company issued a total of 1,628,368 ordinary shares to various investors through an “At the Market Offering” (“the ATM Offering”) for aggregate gross proceeds of $2,593,842.

Selling, Distribution and Admin

Selling, Distribution and Administrative Expenses	6 Months Ended
Selling, Distribution and Administrative Expenses	Jun. 30, 2024
Selling, Distribution and Administrative Expenses [Abstract]
SELLING, DISTRIBUTION AND ADMINISTRATIVE EXPENSES	19. SELLING, DISTRIBUTION AND ADMINISTRATIVE EXPENSES For the six months ended 2024 2023 (Unaudited) (Unaudited) Staff expense $ 3,141,756 $ 3,602,127 Rental expense 173,246 345,026 Depreciation and amortization expense 452,299 1,251,359 Utilities expense 34,783 53,015 Travelling and entertainment expense 170,596 135,186 Marketing expense 187,858 150,203 Professional fees 582,489 774,553 Repairs and maintenance 26,280 35,298 Employee benefits 38,741 29,316 Research and development expense 106,835 95,322 Other expenses 52,407 212,445 $ 4,967,290 $ 6,683,850 Other expenses mainly comprised of office expenses, stamp duties, training costs, transportation costs for robots, etc.

Legal Reserve

Legal Reserve	6 Months Ended
Legal Reserve	Jun. 30, 2024
Legal Reserve [Abstract]
LEGAL RESERVE	20. LEGAL RESERVE Thailand Under the provisions of the Civil and Commercial Code, GF Cash (CIT) is required to set aside as a legal reserve at least 5% of the profits arising from the business of the Company at each dividend distribution until the reserve is at least 10% of the registered share capital. The legal reserve is non-distributable. The Company’s reserve has met the legal reserve requirement of $223,500 as of June 30, 2024 and December 31, 2023. The PRC Pursuant to the laws applicable to the PRC’s Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations are at the Company’s discretion. These reserves can only be used for specific purposes of enterprise expansion and are not distributable as cash dividends. For the six months ended June 30, 2024 and 2023, the Company did not accrue any legal reserve.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	21. RELATED PARTY TRANSACTIONS The principal related party balances as of June 30, 2024 and December 31, 2023 are as follows: Amounts due from related parties: As of As of (Unaudited) Guardforce TH Group Company Limited (a) $ 2,506 $ 1,804 Shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries (b) - 2,160,000 CSF Mingda Technology Co., Ltd. (a) 10,580 10,834 $ 13,086 $ 2,172,638 (a) Amounts due from these related parties represent business advances for operational purposes. (b) Amount due from shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries was settled upon offsetting certain amounts due to related parties pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024. Amounts due to related parties: As of As of (Unaudited) Tu Jingyi (a) $ - $ 152,725 Guardforce Holdings (HK) Limited (a) - 43,337 Guardforce Security (Thailand) Company Limited (b) 139,287 74,429 Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries (c) - 2,528,916 Shenzhen Zhongzhi Yonghao Robot Co., Ltd. (c) - 63,718 Guardforce Security Service (Shanghai) Co., Ltd. (c) - 35,225 Guardforce Aviation Security Company Limited (b) 270 156 $ 139,557 $ 2,898,506 (a) Amounts due to Tu Jingyi and Guardforce Holdings (HK) Limited represents accrued interest on loans. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off these balances in cash on May 3, 2024. (b) Amounts due to related parties represent business advances for operational purposes. (c) Amounts due to these related parties were settled upon offsetting the amount due from shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024. Short-term borrowings from related parties: As of As of (Unaudited) Guardforce Holdings (HK) Limited (a) $ - $ 1,666,846 Tu Jingyi (b) - 1,437,303 $ - $ 3,104,149 (a) On April 17, 2020, the Company borrowed $2,735,000 from Guardforce Holdings (HK) Limited. As of December 31, 2023, the outstanding principal amount of this loan was $1,666,846. The loan is unsecured with an interest rate at 2%. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off this balance in cash on May 3, 2024. (b) On September 1, 2018, the Company entered into an agreement with Tu Jingyi whereby Tu Jingyi loaned $1,437,303 (RMB10 million) to the Company. The loan is unsecured with an interest rate at 1.5%. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off this balance in cash on May 3, 2024. For the six months ended June 30, 2024 and 2023, interest expense recorded for borrowings from related parties was $4,575 and $39,949, respectively. The principal related party transactions for the six months ended June 30, 2024 and 2023 are as follows: Related party transactions: For the six months ended Nature 2024 2023 (Unaudited) (Unaudited) Service/ Products received from related parties: Guardforce Security (Thailand) Company Limited (a) $ 431,193 $ 68,897 Guardforce Aviation Security Company Limited (b) 925 600 Shenzhen Kewei Robot Technology Co., Limited (c) - 141,569 $ 432,118 $ 211,066 Service/ Products delivered to related parties: Shenzhen Kewei Robot Technology Co., Limited (d) $ 4,652 $ - Nature of transactions: (a) Guardforce Security (Thailand) Company Limited provided security guard services to the Company; (b) Guardforce Aviation Security Company Limited provided escort services to the Company; (c) During the six months ended June 30, 2023, the Company purchased 207 robots amounting to $229,162 through an asset purchase agreement and $50,927 through placing standard purchase orders. 124 robots amounting to $138,520 were returned by the Company. During the six months ended June 30, 2024, the Company did not make purchases from Shenzhen Kewei Robot Technology Co., Ltd. (d) The Company rented robots to Shenzhen Kewei Robot Technology Co., Limited.

Consolidated Segment Data

Consolidated Segment Data	6 Months Ended
Consolidated Segment Data	Jun. 30, 2024
Consolidated Segment Data [Abstract]
CONSOLIDATED SEGMENT DATA	22. CONSOLIDATED SEGMENT DATA Selected information by segment is presented in the following tables for the six months ended June 30, 2024 and 2023: For the six months ended Revenues (1) 2024 2023 (Unaudited) (Unaudited) Secured logistics $ 15,761,944 $ 15,943,156 AI&Robotics solution 131,142 440,229 General security solutions 1,673,758 1,622,218 $ 17,566,844 $ 18,005,603 (1) Revenue excludes intercompany sales. For the six months ended Operating loss 2024 2023 (Unaudited) (Unaudited) Secured logistics $ 770,737 $ (1,101,369 ) AI&Robotics solution (894,556 ) (8,320,982 ) General security solutions (109,979 ) (542,569 ) Corporate and others (1) (1,848,064 ) (1,936,908 ) Operating profit (loss) from continuing operations (2,081,862 ) (11,901,828 ) Total other income from four segments 312,342 77,665 Foreign exchange losses (gain), net: - Secured logistics (1,544 ) (598,053 ) - AI&Robotics solution (30,030 ) 13,150 - Corporate and others (17,467 ) 810 Finance costs: - Secured logistics (56,727 ) (423,440 ) - AI&Robotics solution (17,427 ) - - General security solutions (2,430 ) - - Corporate and others (4,950 ) (154,868 ) Loss before income tax from continuing operations (1,900,095 ) (12,986,564 ) Provision for income tax benefit (expense) 22,949 (874,431 ) Net loss for the period from continuing operations (1,877,146 ) (13,860,995 ) Net loss for the period from discontinued operations – Information security segment 38,719 11,562 Net loss for the period (1,838,427 ) (13,849,433 ) Less: net profit (loss) attributable to the non-controlling interest 9,167 (30,214 ) Net loss attributable to equity holders of the Company $ (1,847,594 ) $ (13,819,219 ) (1) Includes impairment of goodwill on acquired subsidiaries, non-cash compensation, legal and professional fees and consultancy fees for the Company. Depreciation and amortization by segment for six months ended June 30, 2024 and 2023 are as follows: For the six months ended Depreciation and amortization: 2024 2023 (Unaudited) (Unaudited) Secured logistics $ 1,258,825 $ 1,570,069 AI&Robotics solution 173,368 924,219 General security solutions 124,729 124,713 $ 1,556,922 $ 2,619,001 Total assets by segment as of June 30, 2024 and December 31, 2023 are as follows: Total assets As of As of (Unaudited) Secured logistics $ 20,897,829 $ 21,613,383 Information security - 201,963 * AI&Robotics solution 2,296,023 3,127,857 General security solutions 3,697,691 2,836,403 Corporate and others 9,292,435 18,035,342 $ 36,183,978 $ 45,814,948 * As of December 31, 2023, the total assets for information security segment were presented as assets held for sale on the consolidated balance sheets. Total non-current assets by geographical segment as of June 30, 2024 and December 31, 2023 are as follows: Total non-current assets As of As of (Unaudited) The PRC (including Hong Kong and Macau) $ 3,471,387 $ 3,289,170 Thailand 9,979,287 10,472,012 Other countries 15,861 933,174 $ 13,466,535 $ 14,694,356

Disposal of a Subsidiary

Disposal of a Subsidiary	6 Months Ended
Disposal of a Subsidiary	Jun. 30, 2024
Disposal of a Subsidiary [Abstract]
DISPOSAL OF A SUBSIDIARY	23. DISPOSAL OF A SUBSIDIARY On February 6, 2024, the Company completed the disposal of its 51% equity interest in Handshake. The Company recorded a gain on disposal of $3,607 for the six months ended June 30, 2024. This disposal was classified as a discontinued operation. The business of Handshake represented the entirety of the Company’s information security segment through the disposal date, which is excluded from the Company’s segment reporting.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	24. COMMITMENTS AND CONTINGENCIES Executives/directors agreements The Company has several employment agreements with executives and directors with the latest expiring in May 2027. All agreements provide for automatic renewal options with varying terms of one year or three years unless terminated by either party. Future payments for employment agreements as of June 30, 2024, are as follows: Amount Twelve months ending June 30: 2025 $ 1,135,957 2026 254,167 2027 183,333 Total minimum payment required $ 1,573,457 Contracted expenditure commitments The Company’s contracted expenditures commitments as of June 30, 2024 but not provided in the interim condensed consolidated financial statements are as follows: Payments Due by Period Less than 1-3 4-5 Contractual Obligations Nature Total 1 year years years Service fee commitments (a) $ 250,946 $ 215,716 $ 35,230 $ - Operating lease commitments (b) 2,690,062 1,671,619 946,402 72,041 $ 2,941,008 $ 1,887,335 $ 981,632 $ 72,041 (a) The Company has engaged Stander Information Company Limited (“Stander”) to provide technical services relating to the cash management systems for the Company’s secure logistics business. The service agreement with Stander is comprised of a monthly fixed service fee and certain other fees as specified in the agreement, which will expire in August 2025. (b) From time to time, the Company entered into various short-term lease agreements to rent warehouses and offices. In addition, the Company has various low value items with various lease terms that the Company is committed to pay in the future. Bank guarantees As of June 30, 2024, the Company had no commitments with banks for bank guarantees in favor of government agencies and others.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	25. SUBSEQUENT EVENTS Numerous subsequent events disclosures are being made elsewhere in these condensed consolidated financial statements. Subsequent events have been reviewed through the date of filing and required no adjustments or disclosures.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
Accounting Policies, by Policy (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of presentation	2.1 Basis of presentation The accompanying interim condensed consolidated financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”. These statements should be read in conjunction with the audited consolidated financial statements for the years ended December 31, 2023, 2022 and 2021, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The interim condensed consolidated financial statements have been prepared on a historical cost basis. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying unaudited condensed consolidated financial statements. The results of operations for the six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year ended December 31, 2024. All amounts are presented in United States dollars (“USD”) and have been rounded to the nearest USD. In addition, the accompanying condensed consolidated interim financial statements are presented on the basis that the Company is a going concern. The going concern assumption contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.
Basis of consolidation	2.2 Basis of consolidation The consolidated statements of profit or loss and other comprehensive loss, statements of changes in equity and statements of cash flows of the Company for the relevant periods include the results and cash flows of all companies now comprising the Company from the earliest date presented or since the date when the subsidiaries and/or businesses first came under the common control of the controlling shareholders, wherever the period is shorter. The interim condensed consolidated balance sheet of the Company as of June 30, 2024 has been prepared to present the assets and liabilities of the subsidiaries under the historical cost convention. Equity interests in subsidiaries held by parties other than the controlling shareholders are presented as non-controlling interests in equity. All intra-group and inter-company transactions and balances have been eliminated on consolidation.
Segment reporting	2.3 Segment reporting IAS 14 Segment Reporting requires reporting of financial information by business or geographical area. It requires disclosures for ‘primary’ and ‘secondary’ segment reporting formats, with the primary format based on whether the entity’s risks and returns are affected predominantly by the products and services it produces or by the fact that it operates in different geographical areas. The entity’s reportable segments are its business and geographical segments for which a majority of their revenue is earned from sales to external customers and for which: ● revenue from sales to external customers and from transactions with other segments is 10% or more of the total revenue, external and internal, of all segments; or ● segment result, whether profit or loss, is 10% or more the combined result of all segments in profit or the combined result of all segments in loss, whichever is greater in absolute amount; or ● assets are 10% or more of the total assets of all segments. Segments deemed too small for separate reporting may be combined with each other, if related, but they may not be combined with other significant segments for which information is reported internally. Alternatively, they may be separately reported. If neither combined nor separately reported, they must be included as an unallocated reconciling item. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. Transfers and sales between reportable segments, if any, are recorded at cost. The Company reports financial and operating information in the following four segments and geographical segmental data as shown in Note 22: (i) Secured logistics; (ii) AI&Robotics solution business; (iii) General security solutions; and (iv) Corporate and others The Corporate and others segment covers the non-operating activities supporting the Company. It comprises the Company’s holdings and treasury organization, including its headquarter and central functions. All listing related expenses are included in the Corporate and others segment. This segment is an administrative-operating segment rather than a revenue-generating operating segment. The Company completed the divestiture with Handshake on February 6, 2024. The business of Handshake represented the entirety of the Company’s information security operating segment through February 6, 2024, which is excluded from the Company’s segment reporting.
Business combinations	2.4 Business combinations The Company accounts for business combinations using the acquisition method when control is transferred to the Company, other than those between and among entities under common control. The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Any goodwill that arises is tested annually for impairment. Any gain on the bargain purchase is recognized in the statement of profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities.
Critical accounting estimate and judgements	2.5 Critical accounting estimate and judgements The preparation of the consolidated financial statements.in conformity with IFRS requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. In preparing the interim condensed consolidated financial statements, the significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements for the year ended December 31, 2023.
Foreign currency translation	2.6 Foreign currency translation The presentational currency of the Company is the USD. The functional currency of Guardforce, AI Holdings, AI Robots, Horizon Dragon, Southern Ambition, AI Robotics, AI US, AI Macau, AI Singapore, AI Malaysia, AI Hong Kong, AI Thailand, GF Cash (CIT), AI R&I, InnoAI, AI Shenzhen, Shenzhen GFAI, Guangzhou GFAI and Beijing Wanjia is the local currency where these companies operate. The functional currency of AI Korea, AI Australia, AI Canada, AI Vietnam, AI Japan, and AI Dubai is USD. The currency exchange rates and the entities that significantly impact our business are shown in the following table: Period End Rate Average Rate June 30, December 31, For the six months ended 2024 2023 2024 2023 Thai Baht (GF Cash (CIT), AI R&I) 0.0271 0.0292 0.0275 0.0293 Hong Kong Dollar (AI Hong Kong) 0.1281 0.1282 0.1279 0.1282 Chinese Renminbi (Beijing Wanjia) 0.1376 0.1409 0.1386 0.1444
Financial risk management	2.7 Financial risk management 2.7.1 Financial risk factors The Company’s activities expose it to a variety of financial risks: foreign exchange risk, interest rate risk and liquidity risk. The Company’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company’s financial performance. The interim condensed consolidated financial statements do not include all financial risk management information and disclosures required in the audited financial statements and should be read in conjunction with the Company’s audited consolidated financial statements as of December 31, 2023 and 2022. 2.7.2 Liquidity risk Prudent liquidity management implies maintaining sufficient cash and cash equivalents and the availability of funding through an adequate amount of committed credit facilities. The Company’s primary cash requirements are for operating expenses. The Company mainly finances its working capital requirements from cash generated from funds raised from the public offerings, operations, proceeds from the exercise of warrants, bank borrowings and finance leases. The Company’s policy is to regularly monitor current and expected liquidity requirements to ensure it maintains sufficient cash and cash equivalents and an adequate amount of committed credit facilities to meet its liquidity requirements in the short and long term. At the reporting date, the contractual undiscounted cash flows of the Company’s current financial liabilities approximate their respective carrying amounts due to their short maturities. 2.7.3 Capital risk management The Company’s objectives on managing capital are to safeguard the Company’s ability to continue as a going concern and support the sustainable growth of the Company in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return of capital to shareholders, issue new shares or sell assets to reduce debt. 2.7.4 Impact of COVID-19 The COVID-19 pandemic has developed since 2020, causing severe impact to the Company’s financial performance. Until the beginning of 2023, when governments of the countries where the Company is operating lifted most of the social distancing measures and other restrictions, the Company’s business has gradually recovered and the Company has resumed normal business operations in 2024.
Inventories	2.8 Inventories Inventories solely consist of security equipment and are stated at the lower of cost, determined on a weighted average basis, or net realizable value (Note 5). Net realizable value is the estimated selling price in the ordinary course of business less the estimated cost of completion and the estimated costs necessary to make the sale. When inventory is sold, their carrying amount is charged to expense in the period in which the revenue is recognized. Write-downs for declines in net realizable value or for losses of inventories are recognized as an expense in the period the impairment or loss occurs. The Company recorded an allowance for slow-moving or obsolete robots’ inventories of $ nil During the six months ended June 30, 2024, no inventories were purchased from related parties. And during the six months ended June 30, 2023, all inventories were purchased from the related parties (Note 21).
Related parties	2.9 Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation. The Company recognizes the contractual right to receive money or products from related parties as amounts due from related parties. For those that the contractual maturity date is less than one year, the Company records as current assets.
Assets under construction	2.10 Assets under construction Assets under construction are stated at cost less impairment losses, if any. Cost comprises direct costs of construction as well as interest expense and exchange differences capitalized during the periods of construction and installation. Capitalization of these costs ceases and the construction in progress is transferred to property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for assets under construction until they are completed and ready for intended use.
Goodwill	2. 11 Goodwill Following initial recognition, goodwill is stated at cost less any accumulated impairment losses. Goodwill is reviewed for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. At the acquisition date, any goodwill acquired is allocated to the cash-generating units (CGU) which are expected to benefit from the combination’s synergies. Impairment is determined by assessing the recoverable amount of the CGU to which the goodwill related. Where the recoverable amount of the CGU is less than the carrying amount, an impairment loss is recognized. Where goodwill forms part of a CGU and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of In these circumstances is measured on the basis of the relative values of the operation disposed of and the portion of the CGU retained. The Company recorded impairment loss of $30,467 and $1,263,040 for the six months ended June 30, 2024 and 2023, respectively.
Impairment of long-lived assets	2.12 Impairment of long-lived assets At the end of each reporting period, the Company reviews the carrying amounts of its long-lived assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. For the six months ended June 30, 2024 and 2023, an impairment loss on the robots’ assets of $ nil
Offsetting Assets and Liabilities	2.13 Offsetting Assets and Liabilities During the six months ended June 30, 2024, the Company engages in offsetting arrangements for certain financial assets and financial liabilities. These arrangements primarily involve the offsetting of related party receivables and related party payables. The Company has established legally enforceable rights to offset financial assets and financial liabilities subject to offsetting arrangements. These rights may arise from agreements, netting arrangements, or a combination of legal and contractual rights.
Revenue from contracts with customers	2.14Revenue from contracts with customersThe Company generates its revenue primarily from four service lines: (1) Secured logistics; (2) AI&Robotics solution business; (3) Information security; and (4) General security solutions.Each service line primarily renders the following services: (1)Secure logistics (i)Cash-In-Transit – Non Dedicated Vehicle (CIT Non-DV); (ii) Cash-In-Transit – Dedicated Vehicle (CIT DV); (iii) ATM management; (iv) Cash Processing (CPC); (v) Cash Center Operations (CCT); (vi) Consolidate Cash Center (CCC); (vii) Express Cash; (viii) Coin Processing Service; and (ix) Cash Deposit Management Solutions (2) AI&Robotics solution business (i)Sale of robots and (ii) Rental of robots (3)Information security – the Company generates this revenue from Handshake. After the completion of the decoupling with Handshake on February 6, 2024, the Company was no longer generating any revenues from this service line. For the six months ended June 30, 2024 and 2023, revenue and results of operations derived from this service line were presented as discontinued operations on the consolidated statements of profit or loss. (i)Penetration test; (ii) PCI ASVScan and (iii) Rapid7 Sales (4) General security solutions (i)Installation of fire alarm security systems; (ii) Sale of security equipment The Company recognizes revenue at a point in time as products are delivered and services are performed. Consultancy fees typically covers a period of time, the revenue is recognized on a ratable basis over the contract term. The Company applies the following five-step model in order to determine the amount: ● To identify the contract or quotation with the agreed service price. ● To evaluate the services engaged in the customer’s contract and identify the related performance obligations. ● To consider the contract terms and commonly accepted practices in the business to determine the transaction price. The transaction price is the consideration that the Company expects to be entitled for delivering the services engaged with the customer. The consideration engaged in a customer’s contract is generally a fixed amount. ● To allocate the transaction price, if necessary, to each performance obligation (to each good or service that is different) for an amount that represents the part of the benefit that the Company expects to receive in exchange for the right of delivering the services engaged with the customer. ● To recognize revenue when the Company satisfies the performance obligation through the rendering of services engaged. All of the conditions mentioned above are accomplished normally when the services are rendered to the customer and this moment is considered a point in time. The reported revenue reflects services delivered at the contract or agreed-upon price.Revenue is recognized when the related performance obligation is satisfied.Disaggregation information of revenue by service type which was recognized based on the nature of performance obligation disclosed above is as follows: For the six months ended June 30, 2024 Percentage of Total 2023 Percentage of Total Service Type $ Revenue $ Revenue (Unaudited) (Unaudited) Cash-In-Transit – Non-Dedicated Vehicles (CIT Non-DV) $6,016,286 34.2% $5,988,087 33.3% Cash-In-Transit – Dedicated Vehicle to Banks (CIT DV) 1,765,869 10.1% 1,961,464 10.9% ATM Management 3,293,725 18.7% 3,895,708 21.6% Cash Processing (CPC) 1,710,792 9.7% 1,613,933 9.0% Cash Center Operations (CCT) 857,109 4.9% 958,760 5.3% Consolidate Cash Center (CCC) 276,137 1.6% 395,105 2.2% Others - -% 4,332 0.0% Cash Deposit Management Solutions (GDM) 1,842,026 10.5% 1,125,767 6.3% AI&Robotics solution 131,142 0.8% 440,229 2.4% General security solutions 1,673,758 9.5% 1,622,218 9.0% Total $17,566,844 100.0% $18,005,603 100.0% Others include primarily revenue from express cash and coin processing services. During the six months ended June 30, 2023, all revenue were generated from third parties. During the six months ended June 30, 2024, revenue amounting to $17,562,192 were generated from third parties; and $4,652 were generated from a related party (Note 21).
Cost of sales	2.15 Cost of sales Cost of sales consists primarily of internal labor costs and related benefits, and other overhead costs that are directly attributable to services provided.
New and amended accounting standards	2.16 New and amended accounting standards All new standards and amendments that are effective for annual reporting period commencing January 1, 2024 have been applied by the Company for the six months ended June 30, 2024. The adoption of these new and amended standards did not have material impact on the interim condensed consolidated financial statements of the Company. A number of new standards and amendments to standards have not come into effect for the year beginning January 1, 2024, and they have not been early adopted by the Company in preparing these interim condensed consolidated financial statements. None of these new standards and amendments to standards is expected to have a significant effect on the interim condensed consolidated financial statements of the Company.

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	6 Months Ended
Significant Accounting Policies (Tables)	Jun. 30, 2024
Significant Accounting Policies [Abstract]
Schedule of currency exchange rates impact	The currency exchange rates and the entities that significantly impact our business are shown in the following table: Period End Rate Average Rate June 30, December 31, For the six months ended 2024 2023 2024 2023 Thai Baht (GF Cash (CIT), AI R&I) 0.0271 0.0292 0.0275 0.0293 Hong Kong Dollar (AI Hong Kong) 0.1281 0.1282 0.1279 0.1282 Chinese Renminbi (Beijing Wanjia) 0.1376 0.1409 0.1386 0.1444
Schedule of Disaggregation Information of Revenue by Service Type	Disaggregation information of revenue by service type which was recognized based on the nature of performance obligation disclosed above is as follows: For the six months ended 2024 Percentage of 2023 Percentage of Service Type $ Revenue $ Revenue (Unaudited) (Unaudited) Cash-In-Transit – Non-Dedicated Vehicles (CIT Non-DV) $ 6,016,286 34.2 % $ 5,988,087 33.3 % Cash-In-Transit – Dedicated Vehicle to Banks (CIT DV) 1,765,869 10.1 % 1,961,464 10.9 % ATM Management 3,293,725 18.7 % 3,895,708 21.6 % Cash Processing (CPC) 1,710,792 9.7 % 1,613,933 9.0 % Cash Center Operations (CCT) 857,109 4.9 % 958,760 5.3 % Consolidate Cash Center (CCC) 276,137 1.6 % 395,105 2.2 % Others - - % 4,332 0.0 % Cash Deposit Management Solutions (GDM) 1,842,026 10.5 % 1,125,767 6.3 % AI&Robotics solution 131,142 0.8 % 440,229 2.4 % General security solutions 1,673,758 9.5 % 1,622,218 9.0 % Total $ 17,566,844 100.0 % $ 18,005,603 100.0 % Others include primarily revenue from express cash and coin processing services.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
Cash, Cash Equivalents and Restricted Cash (Tables)	Jun. 30, 2024
Cash, Cash Equivalents and Restricted Cash [Abstract]
Schedule of Cash, Cash Equivalents and Restricted Cash	As of As of (Unaudited) Cash on hand $ 514,080 $ 472,641 Cash in bank 13,465,137 19,762,586 Subtotal 13,979,217 20,235,227 Restricted cash – current (a) 26,319 100,764 Restricted cash – non-current (b) 1,496,236 1,608,762 Cash, cash equivalents, and restricted cash 15,501,772 21,944,753 Cash at banks attributable to discontinued operations - 28,642 Cash, cash equivalents, and restricted cash $ 15,501,772 $ 21,973,395 (a) During the six months ended June 30, 2024, with regards to various labor-related lawsuits in the PRC, the PRC Court issued an order to freeze one of the Company’s bank accounts which restricted or prohibited the transfer and use of deposited funds by the Company. The sum will be released upon the Company has paid to satisfy the claims. (b) The non-current restricted cash represents cash pledged with a local bank in Thailand as collateral for bank guarantees issued by those banks in respect of the Company’s Cash-In-Transit projects.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2024
Inventories [Abstract]
Schedule of Inventories	As of As of (Unaudited) Robots in warehouse $ 4,584,078 $ 4,743,645 Security equipment* 381,155 506,403 Impairment provision for inventories (4,584,078 ) (4,743,645 ) Inventories $ 381,155 $ 506,403 * As of December 31, 2023, and June 30, 2024, the Company only had Security equipment in inventory balance.

Trade Receivables, Net (Tables)

Trade Receivables, Net (Tables)	6 Months Ended
Trade Receivables, Net (Tables)	Jun. 30, 2024
Trade Receivables, Net [Abstract]
Schedule of Trade Receivable	As of As of (Unaudited) Trade receivable $ 5,636,167 $ 5,780,144 Provision for doubtful accounts (319,184 ) (149,339 ) Trade receivable, net $ 5,316,983 $ 5,630,805

Withholding Tax Receivable (Tab

Withholding Tax Receivable (Tables)	6 Months Ended
Withholding Tax Receivable (Tables)	Jun. 30, 2024
Withholding Tax Receivable [Abstract]
Schedule of Withholding Tax Receivable Movement	Withholding tax receivable movement for the six months ended June 30, 2024 and 2023: 2024 2023 (Unaudited) (Unaudited) Balance at January 1, $ 2,224,846 $ 2,691,096 Addition 376,265 401,941 Collection (604,168 ) - Recovery of (Write off)/Allowance for uncollectible 32,980 (561,277 ) Exchange difference (158,496 ) (73,713 ) Balance at June 30, $ 1,871,427 $ 2,458,047
Schedule of Withholding Tax Receivable	Withholding tax receivable balance as of June 30, 2024 and December 31, 2023: As of As of (Unaudited) Current portion $ 366,884 $ 607,221 Non-current portion 1,504,543 1,617,625 Withholding tax receivable $ 1,871,427 $ 2,224,846

Other Current and Other Non-C_2

Other Current and Other Non-Current Assets (Tables)	6 Months Ended
Other Current and Other Non-Current Assets (Tables)	Jun. 30, 2024
Other Current and Other Non-Current Assets [Abstract]
Schedule of Other Current and Other Non-Current Assets	As of As of (Unaudited) Input VAT and other taxes receivable $ 244,025 $ 219,232 Prepayments – office and warehouse rental 1,284,395 818,997 Prepayments - insurance 383,101 91,022 Prepayments - others 393,910 187,759 Uniforms 12,876 17,417 Prepayments – independent directors’ fee 77,700 - Tools and supplies 120,355 143,760 Cash advances to employees 48,386 79,169 Interest receivable on bank deposits 69,051 108,215 Other current assets $ 2,633,799 $ 1,665,571 Deposits $ 390,065 $ 402,447 Other non-current assets $ 390,065 $ 402,447

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
Property, Plant and Equipment (Tables)	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Leasehold Machinery Office Vehicles Assets GDM Robots Total Cost At December 31, 2022 $ 3,146,864 $ 4,868,015 $ 5,354,351 $ 15,518,987 $ 33,222 $ 1,948,698 $ 7,194,815 $ 38,064,952 Additions - 1,750 6,964 - - 624,126 273,779 906,619 Disposals (104,773 ) (105,939 ) (48,955 ) (47,155 ) - - (56,389 ) (363,211 ) Impairment of fixed assets - - - - - - (1,591,766 ) (1,591,766 ) Exchange differences (60,518 ) (95,521 ) (106,807 ) (353,552 ) (652 ) (38,238 ) (141,241 ) (796,529 ) At June 30, 2023 (Unaudited) 2,981,573 4,668,305 5,205,553 15,118,280 32,570 2,534,586 5,679,198 36,220,065 At December 31, 2023 $ 3,073,809 $ 4,829,343 $ 5,335,825 $ 15,505,385 $ 108,909 $ 3,133,883 $ 3,954,153 $ 35,941,307 Additions - 24,171 14,640 - - - - 38,811 Transfer in (out) - - - 70,842 (70,842 ) - - - Disposals (955,753 ) - (1,073,690 ) (278,087 ) - - (9,900 ) (2,317,430 ) Exchange differences (204,895 ) (350,278 ) (359,132 ) (1,107,555 ) (6,902 ) (227,085 ) (126,900 ) (2,382,747 ) At June 30, 2024 (Unaudited) 1,913,161 4,503,236 3,917,643 14,190,585 31,165 2,906,798 3,817,353 31,279,941 Accumulated Depreciation At December 31, 2022 $ 2,577,341 $ 4,748,031 $ 4,889,742 $ 13,493,656 $ - $ 1,230,247 $ 3,059,174 $ 29,998,191 Depreciation charged for the period 48,922 34,180 87,164 263,962 - 202,983 516,626 1,153,837 Disposals (108,213 ) (109,514 ) (44,542 ) (48,748 ) - - (14,847 ) (325,864 ) Exchange differences (48,443 ) (90,705 ) (101,287 ) (275,519 ) - (30,774 ) (77,779 ) (624,507 ) As June 30, 2023 (Unaudited) 2,469,607 4,581,992 4,831,077 13,433,351 - 1,402,456 3,483,174 30,201,657 At December 31, 2023 $ 2,605,039 $ 4,761,599 $ 5,015,520 $ 13,880,678 $ - $ 1,680,593 $ 3,954,153 $ 31,897,582 Depreciation charged for the period 48,918 28,323 64,202 175,152 - 209,611 - 526,206 Disposals (955,747 ) - (1,072,429 ) (276,081 ) - - (9,900 ) (2,314,157 ) Exchange differences (174,655 ) (345,427 ) (340,421 ) (998,055 ) - (124,702 ) (126,900 ) (2,110,160 ) As June 30, 2024 (Unaudited) 1,523,555 4,444,495 3,666,872 12,781,694 - 1,765,502 3,817,353 27,999,471 Net book value At June 30, 2023 (Unaudited) $ 511,966 $ 86,313 $ 374,476 $ 1,684,929 $ 32,570 $ 1,132,130 $ 2,196,024 $ 6,018,408 At June 30, 2024 (Unaudited) $ 389,606 $ 58,741 $ 250,771 $ 1,408,891 $ 31,165 $ 1,141,296 $ - $ 3,280,470

Right-of-Use Assets and Opera_2

Right-of-Use Assets and Operating Lease Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Right-Of-Use Assets And Operating Lease Liabilties [Abstract]
Schedule of Carrying Amounts of Right-of-Use Assets	The right-of-use assets movement for the six months ended June 30, 2024 and 2023 and the carrying amounts are as below: 2024 2023 (Unaudited) (Unaudited) Balance at January 1, $ 2,688,208 $ 4,171,409 New leases 1,003,988 271,004 Termination of a lease (112,912 ) - Depreciation expense (816,084 ) (1,042,981 ) Exchange difference (174,660 ) (75,562 ) Net book amount $ 2,588,540 $ 3,323,870
Schedule of Operating Lease Liabilities	The total operating lease liabilities are as below: As of As of Current portion $ 1,457,783 $ 1,239,066 Non-current portion 1,124,195 1,455,857 Operating lease liabilities $ 2,581,978 $ 2,694,923

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
Intangible Assets (Tables)	Jun. 30, 2024
Intangible Assets [Abstract]
Schedule of Intangible Assets	Computer Right-of-use Customer Technical Security Intelligent Assets under Total Cost At December 31, 2022 $ 887,745 $ 673,029 $ 1,042,110 $ 499,344 $ 1,360,898 $ 3,000,000 $ 194,495 $ 7,657,621 Additions - - - - 195,087 1,597,754 - 1,792,841 Exchange differences (17,419 ) (31,974 ) (49,509 ) (23,723 ) (306,604 ) - (3,816 ) (433,045 ) At June 30, 2023 (Unaudited) 870,326 641,055 992,601 475,621 1,249,381 4,597,754 190,679 9,017,417 At December 31, 2023 $ 919,222 $ 114,659 $ 829,560 $ 486,112 $ 1,524,224 $ 1,604,580 $ 194,082 $ 5,672,439 Additions 115,164 - - - - - - 115,164 Exchange differences (67,805 ) (2,687 ) (19,440 ) (11,392 ) (35,720 ) (3,095 ) (14,063 ) (154,202 ) At June 30, 2024 (Unaudited) 966,581 111,972 810,120 474,720 1,488,504 1,601,485 180,019 5,633,401 Accumulated amortization At December 31, 2022 $ 767,168 $ 50,477 $ 405,868 $ 28,405 $ 612,560 $ - $ - $ 1,864,478 Amortization charged for the period 26,139 33,582 201,013 28,346 63,817 182,671 - 535,568 Exchange differences (15,908 ) (3,927 ) (28,438 ) (2,641 ) (286,182 ) - - (337,096 ) As June 30, 2023 (Unaudited) 777,399 80,132 578,443 54,110 390,195 182,671 - 2,062,950 At December 31, 2023 $ 830,600 $ 114,659 $ 706,271 $ 82,956 $ 699,123 $ 402,580 $ - $ 2,836,189 Amortization charged for the period 28,236 - 40,430 27,204 52,152 66,610 - 214,632 Exchange differences (60,535 ) (2,687 ) (16,848 ) (2,144 ) (16,766 ) (3,095 ) - (102,075 ) As June 30, 2024 (Unaudited) 798,301 111,972 729,853 108,016 734,509 466,095 - 2,948,746 Net book value At June 30, 2023 (Unaudited) $ 92,927 $ 560,923 $ 414,158 $ 421,511 $ 859,186 $ 4,415,083 $ 190,679 $ 6,954,467 At June 30, 2024 (Unaudited) $ 168,280 $ - $ 80,267 $ 366,704 $ 753,995 $ 1,135,390 $ 180,019 $ 2,684,655

Trade and Other Payables and _2

Trade and Other Payables and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Trade and Other Payables and Other Current Liabilities [Abstract]
Schedule of Trade and Other Payables and Other Current Liabilities	As of As of (Unaudited) Trade payables – third parties $ 2,553,826 $ 2,113,401 Accrued salaries and bonus 369,275 603,112 Other payables, accrued customer claims, cash loss and shortage* 124,433 300,337 Trade and other payables $ 3,047,534 $ 3,016,850 Output VAT and other taxes payable $ - $ 100,166 Accrued expenses 525,467 639,556 Payroll payable 715,467 925,142 Provision for stock-based compensation expense** - 830,000 Other payables 487,172 419,964 Deferred revenue 36,530 256,815 Other current liabilities $ 1,764,636 $ 3,171,643 * Includes a provision for penalty for failure to meet certain performance indicators as stipulated in certain customer contracts for approximately $5,462 and $7,108 as of June 30, 2024 and 2023, respectively. ** During the year ended December 31, 2023, provision was made upon the management decision to grant restricted shares to officers and certain employees based on their performance in 2023 under the Company’s 2022 Equity Incentive Plan. 288,000 shares were granted to officers and certain employees on May 7, 2024 to settle such provision balance (Note 18).

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
Borrowings (Tables)	Jun. 30, 2024
Borrowings [Abstract]
Schedule of Borrowings	As of As of (Unaudited) Short-term bank borrowing $ 55,040 $ 140,902 Current portion of long-term bank borrowings 132,248 196,339 Long-term bank borrowings - 44,410 Total borrowings $ 187,288 $ 381,651

Finance Lease Liabilities (Tabl

Finance Lease Liabilities (Tables)	6 Months Ended
Finance Lease Liabilities (Tables)	Jun. 30, 2024
Schedule of Operating Lease Liabilities [Abstract]
Schedule of Finance Lease Liabilities	As of As of (Unaudited) Current portion $ 53,055 $ 108,597 Non-current portion 203,127 218,996 Finance lease liabilities $ 256,182 $ 327,593
Schedule of Minimum Lease Payments Under Finance Lease Agreements	The minimum lease payments under finance lease agreements are as follows: As of As of (Unaudited) Within 1 year $ 60,407 $ 126,042 After 1 year but within 5 years 219,171 236,293 Less: Finance charges (23,396 ) (34,742 ) Present value of finance lease liabilities, net $ 256,182 $ 327,593
Schedule of Finance Lease Assets	Finance lease assets comprise primarily vehicles and office equipment as follow: As of As of (Unaudited) Cost $ 673,722 $ 655,371 Less: Accumulated depreciation (227,152 ) (215,038 ) Net book value $ 446,570 $ 440,333

Provision for Employee Benefi_2

Provision for Employee Benefits (Tables)	6 Months Ended
Provision for Employee Benefits (Tables)	Jun. 30, 2024
Provision for Employee Benefits [Abstract]
Schedule of Movement for the Defined Benefit Obligations	Movement for the defined benefit obligations for the six months ended June 30, 2024 and 2023: Provision 2024 2023 (Unaudited) (Unaudited) Defined benefit obligations at January 1, $ 4,935,982 $ 4,849,614 Estimate for the six months period* (344,427 ) (74,552 ) Defined benefit obligations at June 30, $ 4,591,555 $ 4,775,062 * The estimate represents the difference between the Company’s estimated defined benefit obligations based on employees’ past service and expected future salary at the beginning of the fiscal year and the end of the six-month period.

Selling, Distribution and Adm_2

Selling, Distribution and Administrative Expenses (Tables)	6 Months Ended
Selling, Distribution and Administrative Expenses (Tables)	Jun. 30, 2024
Selling, Distribution and Administrative Expenses [Abstract]
Schedule of Selling, Distribution and Administrative Expenses	For the six months ended 2024 2023 (Unaudited) (Unaudited) Staff expense $ 3,141,756 $ 3,602,127 Rental expense 173,246 345,026 Depreciation and amortization expense 452,299 1,251,359 Utilities expense 34,783 53,015 Travelling and entertainment expense 170,596 135,186 Marketing expense 187,858 150,203 Professional fees 582,489 774,553 Repairs and maintenance 26,280 35,298 Employee benefits 38,741 29,316 Research and development expense 106,835 95,322 Other expenses 52,407 212,445 $ 4,967,290 $ 6,683,850 Other expenses mainly comprised of office expenses, stamp duties, training costs, transportation costs for robots, etc.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
Related Party Transactions (Tables)	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Amounts Due from Related Parties	The principal related party balances as of June 30, 2024 and December 31, 2023 are as follows: As of As of (Unaudited) Guardforce TH Group Company Limited (a) $ 2,506 $ 1,804 Shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries (b) - 2,160,000 CSF Mingda Technology Co., Ltd. (a) 10,580 10,834 $ 13,086 $ 2,172,638 (a) Amounts due from these related parties represent business advances for operational purposes. (b) Amount due from shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries was settled upon offsetting certain amounts due to related parties pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024.
Schedule of Amounts Due to Related Parties	Amounts due to related parties: As of As of (Unaudited) Tu Jingyi (a) $ - $ 152,725 Guardforce Holdings (HK) Limited (a) - 43,337 Guardforce Security (Thailand) Company Limited (b) 139,287 74,429 Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries (c) - 2,528,916 Shenzhen Zhongzhi Yonghao Robot Co., Ltd. (c) - 63,718 Guardforce Security Service (Shanghai) Co., Ltd. (c) - 35,225 Guardforce Aviation Security Company Limited (b) 270 156 $ 139,557 $ 2,898,506 (a) Amounts due to Tu Jingyi and Guardforce Holdings (HK) Limited represents accrued interest on loans. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off these balances in cash on May 3, 2024. (b) Amounts due to related parties represent business advances for operational purposes. (c) Amounts due to these related parties were settled upon offsetting the amount due from shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024.
Schedule of Short-Term Borrowing from Related Party	Short-term borrowings from related parties: As of As of (Unaudited) Guardforce Holdings (HK) Limited (a) $ - $ 1,666,846 Tu Jingyi (b) - 1,437,303 $ - $ 3,104,149 (a) On April 17, 2020, the Company borrowed $2,735,000 from Guardforce Holdings (HK) Limited. As of December 31, 2023, the outstanding principal amount of this loan was $1,666,846. The loan is unsecured with an interest rate at 2%. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off this balance in cash on May 3, 2024. (b) On September 1, 2018, the Company entered into an agreement with Tu Jingyi whereby Tu Jingyi loaned $1,437,303 (RMB10 million) to the Company. The loan is unsecured with an interest rate at 1.5%. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off this balance in cash on May 3, 2024. For the six months ended June 30, 2024 and 2023, interest expense recorded for borrowings from related parties was $4,575 and $39,949, respectively.
Schedule of Related Party Transactions	The principal related party transactions for the six months ended June 30, 2024 and 2023 are as follows: For the six months ended Nature 2024 2023 (Unaudited) (Unaudited) Service/ Products received from related parties: Guardforce Security (Thailand) Company Limited (a) $ 431,193 $ 68,897 Guardforce Aviation Security Company Limited (b) 925 600 Shenzhen Kewei Robot Technology Co., Limited (c) - 141,569 $ 432,118 $ 211,066 Service/ Products delivered to related parties: Shenzhen Kewei Robot Technology Co., Limited (d) $ 4,652 $ - (a) Guardforce Security (Thailand) Company Limited provided security guard services to the Company; (b) Guardforce Aviation Security Company Limited provided escort services to the Company; (c) During the six months ended June 30, 2023, the Company purchased 207 robots amounting to $229,162 through an asset purchase agreement and $50,927 through placing standard purchase orders. 124 robots amounting to $138,520 were returned by the Company. During the six months ended June 30, 2024, the Company did not make purchases from Shenzhen Kewei Robot Technology Co., Ltd. (d) The Company rented robots to Shenzhen Kewei Robot Technology Co., Limited.

Consolidated Segment Data (Tabl

Consolidated Segment Data (Tables)	6 Months Ended
Consolidated Segment Data (Tables)	Jun. 30, 2024
Consolidated Segment Data [Abstract]
Schedule of Revenue and Non-Cash Compensation	Selected information by segment is presented in the following tables for the six months ended June 30, 2024 and 2023: For the six months ended Revenues (1) 2024 2023 (Unaudited) (Unaudited) Secured logistics $ 15,761,944 $ 15,943,156 AI&Robotics solution 131,142 440,229 General security solutions 1,673,758 1,622,218 $ 17,566,844 $ 18,005,603 (1) Revenue excludes intercompany sales. For the six months ended Operating loss 2024 2023 (Unaudited) (Unaudited) Secured logistics $ 770,737 $ (1,101,369 ) AI&Robotics solution (894,556 ) (8,320,982 ) General security solutions (109,979 ) (542,569 ) Corporate and others (1) (1,848,064 ) (1,936,908 ) Operating profit (loss) from continuing operations (2,081,862 ) (11,901,828 ) Total other income from four segments 312,342 77,665 Foreign exchange losses (gain), net: - Secured logistics (1,544 ) (598,053 ) - AI&Robotics solution (30,030 ) 13,150 - Corporate and others (17,467 ) 810 Finance costs: - Secured logistics (56,727 ) (423,440 ) - AI&Robotics solution (17,427 ) - - General security solutions (2,430 ) - - Corporate and others (4,950 ) (154,868 ) Loss before income tax from continuing operations (1,900,095 ) (12,986,564 ) Provision for income tax benefit (expense) 22,949 (874,431 ) Net loss for the period from continuing operations (1,877,146 ) (13,860,995 ) Net loss for the period from discontinued operations – Information security segment 38,719 11,562 Net loss for the period (1,838,427 ) (13,849,433 ) Less: net profit (loss) attributable to the non-controlling interest 9,167 (30,214 ) Net loss attributable to equity holders of the Company $ (1,847,594 ) $ (13,819,219 ) (1) Includes impairment of goodwill on acquired subsidiaries, non-cash compensation, legal and professional fees and consultancy fees for the Company.
Schedule of Depreciation and Amortization by Segment	Depreciation and amortization by segment for six months ended June 30, 2024 and 2023 are as follows: For the six months ended Depreciation and amortization: 2024 2023 (Unaudited) (Unaudited) Secured logistics $ 1,258,825 $ 1,570,069 AI&Robotics solution 173,368 924,219 General security solutions 124,729 124,713 $ 1,556,922 $ 2,619,001
Schedule of the Total Assets by Segment	Total assets by segment as of June 30, 2024 and December 31, 2023 are as follows: Total assets As of As of (Unaudited) Secured logistics $ 20,897,829 $ 21,613,383 Information security - 201,963 * AI&Robotics solution 2,296,023 3,127,857 General security solutions 3,697,691 2,836,403 Corporate and others 9,292,435 18,035,342 $ 36,183,978 $ 45,814,948 * As of December 31, 2023, the total assets for information security segment were presented as assets held for sale on the consolidated balance sheets.
Schedule of Total Non-Current Assets by Geographical Segment	Total non-current assets by geographical segment as of June 30, 2024 and December 31, 2023 are as follows: Total non-current assets As of As of (Unaudited) The PRC (including Hong Kong and Macau) $ 3,471,387 $ 3,289,170 Thailand 9,979,287 10,472,012 Other countries 15,861 933,174 $ 13,466,535 $ 14,694,356

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Schedule of Future Payments for Employment Agreements	Future payments for employment agreements as of June 30, 2024, are as follows: Amount Twelve months ending June 30: 2025 $ 1,135,957 2026 254,167 2027 183,333 Total minimum payment required $ 1,573,457
Schedule of Expenditure Commitments	The Company’s contracted expenditures commitments as of June 30, 2024 but not provided in the interim condensed consolidated financial statements are as follows: Payments Due by Period Less than 1-3 4-5 Contractual Obligations Nature Total 1 year years years Service fee commitments (a) $ 250,946 $ 215,716 $ 35,230 $ - Operating lease commitments (b) 2,690,062 1,671,619 946,402 72,041 $ 2,941,008 $ 1,887,335 $ 981,632 $ 72,041 (a) The Company has engaged Stander Information Company Limited (“Stander”) to provide technical services relating to the cash management systems for the Company’s secure logistics business. The service agreement with Stander is comprised of a monthly fixed service fee and certain other fees as specified in the agreement, which will expire in August 2025. (b) From time to time, the Company entered into various short-term lease agreements to rent warehouses and offices. In addition, the Company has various low value items with various lease terms that the Company is committed to pay in the future.

Nature of Operations (Details)

1 Months Ended

6 Months Ended

12 Months Ended

Mar. 04, 2024 shares

Feb. 06, 2024 shares

Dec. 21, 2022 USD ($) $ / shares shares

Mar. 14, 2022 shares

Jun. 16, 2022 shares

Sep. 21, 2018 USD ($) $ / shares shares

Jun. 30, 2024 USD ($) shares

Dec. 31, 2023 USD ($) shares

Jul. 01, 2024 shares

Jun. 30, 2024 MOP (MOP$) shares

May 13, 2024

Mar. 06, 2024 shares

Jun. 30, 2023 USD ($)

May 12, 2023 shares

May 05, 2023 shares

Apr. 19, 2023 shares

Mar. 01, 2023 shares

May 24, 2022

Mar. 11, 2022

Nov. 18, 2021 USD ($)

Nov. 18, 2021 MYR (RM)

Nov. 01, 2021

Mar. 25, 2021

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

Ordinary plus preferred shares outstanding (in Shares)

100,000

Shares owned by southern ambition limited (in Shares)

48,999

Aggregate ordinary shares (in Shares)

49,000

Aggregate ordinary shares percentage

49%

Cumulative preferred shares (in Shares)

51,000

Approximately ordinary shares amount (in Dollars) | $

$ 16,000

Dividends per share (in Dollars per share) | $ / shares

$ 0.03

Votes percentage

99.07%

Dividends (in Dollars) | $

Shares outstanding (in Shares)

10,237,282

9,830,373

10,237,282

Preferred shares outstanding shares (in Shares)

21,599

Preferred shares outstanding shares percentage

99.07%

Preferred shares (in Shares)

2,400

Preferred shares percentage

0.933%

Acquired majority percentage

51%

Restricted ordinary shares (in Shares)

1,091

262,500

Returned shares (in Shares)

1,091

Consideration amount

$ 3,205

MOP$ 25000

Acquisition purchase price paid amount (in Dollars) | $

$ 10,000,000

Mix of cash percentage

10%

Percentage of restricted ordinary shares

90%

Purchase price of assets (in Dollars) | $

$ 2,100,000

Restricted ordinary shares per share (in Dollars per share) | $ / shares

$ 8

Issued shares (in Shares)

10,237,282

9,830,373

1,628,368

10,237,282

120,000

2,580,600

1,720,430

172,000

262,500

Guardforce AI Group Co., Limited [Member]

Nature of Operations [Line Items]

Cumulative unpaid dividends of the preferred shares (in Dollars) | $

$ 1,700

Guardforce Cash Solutions Security Thailand Co., Limited [Member]

Nature of Operations [Line Items]

Shares outstanding (in Shares)

3,857,144

Handshake [Member]

Nature of Operations [Line Items]

Transferred shares (in Shares)

510

Shenzhen Kewei [Member]

Nature of Operations [Line Items]

Restricted ordinary shares (in Shares)

53,571

Beijing Wanjia [Member]

Nature of Operations [Line Items]

Restricted ordinary shares (in Shares)

94,500

Acquisition purchase price paid amount (in Dollars) | $

$ 8,400,000

Mix of cash percentage

10%

Restricted ordinary shares percentage

90%

AI Holding Limited [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robotics [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robotics [Member] | BVI Business Companies Act [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Hong Kong Limited [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

Southern Ambition [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

Votes percentage

95%

Southern Ambition [Member] | BVI Business Companies Act [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

Horizon Dragon Limited [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

Aggregate ordinary shares (in Shares)

49,000

Horizon Dragon Limited [Member] | BVI Business Companies Act [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Thailand [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

98%

Shares outstanding (in Shares)

3,799,544

Singapore Agreement [Member]

Nature of Operations [Line Items]

Acquire equity interest

100%

Macau Agreement [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

Acquire equity interest

100%

Malaysia Agreement [Member]

Nature of Operations [Line Items]

Acquire equity interest

100%

Consideration amount

$ 1

RM 1

AI Malaysia [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | AI Jian [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | AI Australia [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | Dubai [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | United kingdom [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | Canada [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | JAPAN

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robot Service [Member] | Korea (North), Won

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Shenzhen [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

AI Robotics [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

Kewei Agreement [Member]

Nature of Operations [Line Items]

Acquire equity interest

100%

GFAI Technology [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

GFAI Technology [Member] | HONG KONG

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

InnoAI Technology (Shenzhen) Co., Ltd. [Member]

Nature of Operations [Line Items]

Owned subsidiary percentage

100%

Ordinary shares [member]

Nature of Operations [Line Items]

Votes percentage

100%

Shares outstanding (in Shares)

33,600

Restricted ordinary shares (in Shares)

1,091

Forecast [Member] | Beijing Wanjia [Member]

Nature of Operations [Line Items]

Acquire equity interest

100%

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($)	6 Months Ended
Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Significant Accounting Policies [Line Items]
Allowance for slow moving or obsolete inventory		$ 3,090,283
Impairment loss on goodwill	30,467	1,263,040
Impairment loss on long-lived assets		1,591,766
Revenue amounting	17,566,844	18,005,603
Third Parties [Member]
Significant Accounting Policies [Line Items]
Revenue amounting	$ 17,562,192
Related Party [Member]
Significant Accounting Policies [Line Items]
Revenue amounting		$ 4,652

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of Currency Exchange Rates Impact	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Thai Baht [Member]
Schedule of Currency Exchange Rates Impact [Line Items]
Year End Rate	0.0271		0.0292
Average Rate	0.0275	0.0293
Hong Kong Dollar [Member]
Schedule of Currency Exchange Rates Impact [Line Items]
Year End Rate	0.1281		0.1282
Average Rate	0.1279	0.1282
Chinese Renminbi [Member]
Schedule of Currency Exchange Rates Impact [Line Items]
Year End Rate	0.1376		0.1409
Average Rate	0.1386	0.1444

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of Disaggregation Information of Revenue by Service Type - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 17,566,844	$ 18,005,603
Percentage of Total Revenue		100%	100%
Cash-In-Transit – Non-Dedicated Vehicles (CIT Non-DV) [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 6,016,286	$ 5,988,087
Percentage of Total Revenue		34.20%	33.30%
Cash-In-Transit - Dedicated Vehicle to Banks (CIT DV) [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 1,765,869	$ 1,961,464
Percentage of Total Revenue		10.10%	10.90%
ATM Management [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 3,293,725	$ 3,895,708
Percentage of Total Revenue		18.70%	21.60%
Cash Processing (CPC) [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 1,710,792	$ 1,613,933
Percentage of Total Revenue		9.70%	9%
Cash Center Operations (CCT) [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 857,109	$ 958,760
Percentage of Total Revenue		4.90%	5.30%
Consolidate Cash Center (CCC) [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 276,137	$ 395,105
Percentage of Total Revenue		1.60%	2.20%
Others [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total	[1]		$ 4,332
Percentage of Total Revenue	[1]		0%
Cash Deposit Management Solutions (GDM) [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 1,842,026	$ 1,125,767
Percentage of Total Revenue		10.50%	6.30%
Robotic AI solutions [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 131,142	$ 440,229
Percentage of Total Revenue		0.80%	2.40%
General security solutions [Member]
Schedule of Disaggregation Information of Revenue by Service Type [Line Items]
Total		$ 1,673,758	$ 1,622,218
Percentage of Total Revenue		9.50%	9%

[1] Others include primarily revenue from express cash and coin processing services.

Business Combination (Details)

Business Combination (Details)	6 Months Ended
Business Combination (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	May 13, 2024 USD ($)	May 13, 2024 CNY (¥)	Dec. 31, 2023
Business Combination[Line Items]
Consideration paid			$ 0.1	¥ 1
Percentage of equity interest					99.07%
Total assets	$ 4,720
Total liabilities	35,187
Goodwill	30,467
Total revenue	99
Total net loss	95,290
Goodwill impairment loss	30,467	$ 1,263,040
InnoAI [Member]
Business Combination[Line Items]
Percentage of equity interest			100%	100%
Total revenue	831
Total net loss	$ 99,550

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - Schedule of Cash, Cash Equivalents and Restricted Cash - USD ($)		Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Schedule of Cash, Cash Equivalents and Restricted Cash [Abstract]
Cash on hand		$ 514,080	$ 472,641
Cash in bank		13,465,137	19,762,586
Subtotal		13,979,217	20,235,227
Restricted cash – current	[1]	26,319	100,764
Restricted cash – non-current	[2]	1,496,236	1,608,762
Cash, cash equivalents, and restricted cash		15,501,772	21,944,753
Cash at banks attributable to discontinued operations			28,642
Cash, cash equivalents, and restricted cash		$ 15,501,772	$ 21,973,395	$ 26,030,392	$ 8,230,644

[1]During the six months ended June 30, 2024, with regards to various labor-related lawsuits in the PRC, the PRC Court issued an order to freeze one of the Company’s bank accounts which restricted or prohibited the transfer and use of deposited funds by the Company. The sum will be released upon the Company has paid to satisfy the claims.[2]The non-current restricted cash represents cash pledged with a local bank in Thailand as collateral for bank guarantees issued by those banks in respect of the Company’s Cash-In-Transit projects.

Inventories (Details)

Inventories (Details) - USD ($)	6 Months Ended
Inventories (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Inventories [Abstract]
Provision for obsolete inventory		$ 3,090,283

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Schedule of Inventories [Line Items]
Inventories		$ 381,155	$ 506,403
Impairment provision for inventories		(4,584,078)	(4,743,645)
Robots in warehouse [Member]
Schedule of Inventories [Line Items]
Inventories		4,584,078	4,743,645
Security equipment [Member]
Schedule of Inventories [Line Items]
Inventories	[1]	$ 381,155	$ 506,403

[1] As of December 31, 2023, and June 30, 2024, the Company only had Security equipment in inventory balance.

Trade Receivables, Net (Details

Trade Receivables, Net (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Trade Receivables, Net [Abstract]
Allowance for doubtful accounts	$ 184,180	$ (45,932)

Trade Receivables, Net (Detai_2

Trade Receivables, Net (Details) - Schedule of Trade Receivable - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Trade Receivables, Net [Abstract]
Trade receivable	$ 5,636,167	$ 5,780,144
Provision for doubtful accounts	(319,184)	(149,339)
Trade receivable, net	$ 5,316,983	$ 5,630,805

Withholding Tax Receivable (Det

Withholding Tax Receivable (Details) $ in Thousands, ฿ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 THB (฿)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Withholding Tax Receivable [Abstract]
Withholding tax refund	$ 600	฿ 22
Recovery of uncollectible tax	30
Provision for withholding taxes			$ 300
Withholding tax receivable	$ 1,000			$ 1,200

Withholding Tax Receivable (D_2

Withholding Tax Receivable (Details) - Schedule of Withholding Tax Receivable Movement - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Withholding Tax Receivable Movement [Abstract]
Balance at January 1	$ 2,224,846	$ 2,691,096
Addition	376,265	401,941
Collection	(604,168)
Recovery of (Write off)/Allowance for uncollectible	32,980	(561,277)
Exchange difference	(158,496)	(73,713)
Balance at June 30	$ 1,871,427	$ 2,458,047

Withholding Tax Receivable (D_3

Withholding Tax Receivable (Details) - Schedule of Withholding Tax Receivable - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Schedule of Withholding Tax Receivable [Abstract]
Current portion	$ 366,884	$ 607,221
Non-current portion	1,504,543	1,617,625
Withholding tax receivable	$ 1,871,427	$ 2,224,846	$ 2,458,047	$ 2,691,096

Other Current and Other Non-C_3

Other Current and Other Non-Current Assets (Details) - Schedule of Other Current and Other Non-Current Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Other Current and Other Non-Current Assets [Abstract]
Input VAT and other taxes receivable	$ 244,025	$ 219,232
Prepayments – office and warehouse rental	1,284,395	818,997
Prepayments - insurance	383,101	91,022
Prepayments - others	393,910	187,759
Uniforms	12,876	17,417
Prepayments – independent directors’ fee	77,700
Tools and supplies	120,355	143,760
Cash advances to employees	48,386	79,169
Interest receivable on bank deposits	69,051	108,215
Other current assets	2,633,799	1,665,571
Deposits	390,065	402,447
Other non-current assets	$ 390,065	$ 402,447

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($)	6 Months Ended
Property, Plant and Equipment (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 526,206	$ 1,057,117
Impairment loss		1,591,766
Net book value of robot assets		$ 695,000

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of Property, Plant and Equipment - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cost
Cost, Beginning balance	$ 35,941,307	$ 38,064,952
Additions	38,811	906,619
Disposals	(2,317,430)	(363,211)
Impairment of fixed assets		(1,591,766)
Exchange differences	(2,382,747)	(796,529)
Cost, Ending balance	31,279,941	36,220,065
Transfer in (out)
Accumulated Depreciation
Accumulated depreciation, beginning balance	31,897,582	29,998,191
Depreciation charged for the period	526,206	1,153,837
Disposals	(2,314,157)	(325,864)
Exchange differences	(2,110,160)	(624,507)
Accumulated depreciation, Ending balance	27,999,471	30,201,657
Net book value
Net book value, Balance	3,280,470	6,018,408
Leasehold improvements [Member]
Cost
Cost, Beginning balance	3,073,809	3,146,864
Additions
Disposals	(955,753)	(104,773)
Impairment of fixed assets
Exchange differences	(204,895)	(60,518)
Cost, Ending balance	1,913,161	2,981,573
Transfer in (out)
Accumulated Depreciation
Accumulated depreciation, beginning balance	2,605,039	2,577,341
Depreciation charged for the period	48,918	48,922
Disposals	(955,747)	(108,213)
Exchange differences	(174,655)	(48,443)
Accumulated depreciation, Ending balance	1,523,555	2,469,607
Net book value
Net book value, Balance	389,606	511,966
Machinery and equipment [Member]
Cost
Cost, Beginning balance	4,829,343	4,868,015
Additions	24,171	1,750
Disposals		(105,939)
Impairment of fixed assets
Exchange differences	(350,278)	(95,521)
Cost, Ending balance	4,503,236	4,668,305
Transfer in (out)
Accumulated Depreciation
Accumulated depreciation, beginning balance	4,761,599	4,748,031
Depreciation charged for the period	28,323	34,180
Disposals		(109,514)
Exchange differences	(345,427)	(90,705)
Accumulated depreciation, Ending balance	4,444,495	4,581,992
Net book value
Net book value, Balance	58,741	86,313
Office decoration and equipment [Member]
Cost
Cost, Beginning balance	5,335,825	5,354,351
Additions	14,640	6,964
Disposals	(1,073,690)	(48,955)
Impairment of fixed assets
Exchange differences	(359,132)	(106,807)
Cost, Ending balance	3,917,643	5,205,553
Transfer in (out)
Accumulated Depreciation
Accumulated depreciation, beginning balance	5,015,520	4,889,742
Depreciation charged for the period	64,202	87,164
Disposals	(1,072,429)	(44,542)
Exchange differences	(340,421)	(101,287)
Accumulated depreciation, Ending balance	3,666,872	4,831,077
Net book value
Net book value, Balance	250,771	374,476
Vehicles [Member]
Cost
Cost, Beginning balance	15,505,385	15,518,987
Additions
Disposals	(278,087)	(47,155)
Impairment of fixed assets
Exchange differences	(1,107,555)	(353,552)
Cost, Ending balance	14,190,585	15,118,280
Transfer in (out)	70,842
Accumulated Depreciation
Accumulated depreciation, beginning balance	13,880,678	13,493,656
Depreciation charged for the period	175,152	263,962
Disposals	(276,081)	(48,748)
Exchange differences	(998,055)	(275,519)
Accumulated depreciation, Ending balance	12,781,694	13,433,351
Net book value
Net book value, Balance	1,408,891	1,684,929
Assets under construction [Member]
Cost
Cost, Beginning balance	108,909	33,222
Additions
Disposals
Impairment of fixed assets
Exchange differences	(6,902)	(652)
Cost, Ending balance	31,165	32,570
Transfer in (out)	(70,842)
Accumulated Depreciation
Accumulated depreciation, beginning balance
Depreciation charged for the period
Disposals
Exchange differences
Accumulated depreciation, Ending balance
Net book value
Net book value, Balance	31,165	32,570
GDM machines [Member]
Cost
Cost, Beginning balance	3,133,883	1,948,698
Additions		624,126
Disposals
Impairment of fixed assets
Exchange differences	(227,085)	(38,238)
Cost, Ending balance	2,906,798	2,534,586
Transfer in (out)
Accumulated Depreciation
Accumulated depreciation, beginning balance	1,680,593	1,230,247
Depreciation charged for the period	209,611	202,983
Disposals
Exchange differences	(124,702)	(30,774)
Accumulated depreciation, Ending balance	1,765,502	1,402,456
Net book value
Net book value, Balance	1,141,296	1,132,130
Robots [Member]
Cost
Cost, Beginning balance	3,954,153	7,194,815
Additions		273,779
Disposals	(9,900)	(56,389)
Impairment of fixed assets		(1,591,766)
Exchange differences	(126,900)	(141,241)
Cost, Ending balance	3,817,353	5,679,198
Transfer in (out)
Accumulated Depreciation
Accumulated depreciation, beginning balance	3,954,153	3,059,174
Depreciation charged for the period		516,626
Disposals	(9,900)	(14,847)
Exchange differences	(126,900)	(77,779)
Accumulated depreciation, Ending balance	3,817,353	3,483,174
Net book value
Net book value, Balance		$ 2,196,024

Right-of-Use Assets and Opera_3

Right-of-Use Assets and Operating Lease Liabilities (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Right-of-Use Assets and Operating Lease Liabilities [Line Items]
Weighted average incremental borrowing rate	5.37%	3.52%
Interest expense arising from lease liabilities	$ 8,954	$ 15,987
Depreciation expense related to right-of-use assets	816,084	1,042,981
Lease Liabilities [Member]
Right-of-Use Assets and Operating Lease Liabilities [Line Items]
Interest expense arising from lease liabilities	58,248	58,602
Right-of-use assets [member]
Right-of-Use Assets and Operating Lease Liabilities [Line Items]
Depreciation expense related to right-of-use assets	$ 816,084	$ 1,026,316

Right-of-Use Assets and Opera_4

Right-of-Use Assets and Operating Lease Liabilities (Details) - Schedule of Carrying Amounts of Right-of-Use Assets - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Carrying Amounts of Right-of-Use Assets [Abstract]
Balance at January 1,	$ 2,688,208	$ 4,171,409
New leases	1,003,988	271,004
Termination of a lease	(112,912)
Depreciation expense	(816,084)	(1,042,981)
Exchange difference	(174,660)	(75,562)
Net book amount	$ 2,588,540	$ 3,323,870

Right-of-Use Assets and Opera_5

Right-of-Use Assets and Operating Lease Liabilities (Details) - Schedule of Operating Lease Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Operating Lease Liabilities [Abstract]
Current portion	$ 1,457,783	$ 1,239,066
Non-current portion	1,124,195	1,455,857
Operating lease liabilities	$ 2,581,978	$ 2,694,923

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	6 Months Ended
Intangible Assets (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Intangible Assets [Abstract]
Amortization expense	$ 214,632	$ 535,568

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of Intangible Assets - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	$ 2,836,250
Net book value	2,684,655	$ 6,954,467
Balance at ending	2,684,655
Amortization charged for the period	214,632	535,568
Computer software [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value	168,280	92,927
Right-of-use Platform [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value		560,923
Customer base [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value	80,267	414,158
Technical know-how [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value	366,704	421,511
Security Surveillance system [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value	753,995	859,186
Intelligent Cloud Platform [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value	1,135,390	4,415,083
Assets under construction -Cash Management Systems [Member]
Schedule of Intangible Assets, Net [Line Items]
Net book value	180,019	190,679
Cost [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	5,672,439	7,657,621
Additions	115,164	1,792,841
Exchange differences	(154,202)	(433,045)
Balance at ending	5,633,401	9,017,417
Cost [Member] \| Computer software [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	919,222	887,745
Additions	115,164
Exchange differences	(67,805)	(17,419)
Balance at ending	966,581	870,326
Cost [Member] \| Right-of-use Platform [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	114,659	673,029
Additions
Exchange differences	(2,687)	(31,974)
Balance at ending	111,972	641,055
Cost [Member] \| Customer base [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	829,560	1,042,110
Additions
Exchange differences	(19,440)	(49,509)
Balance at ending	810,120	992,601
Cost [Member] \| Technical know-how [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	486,112	499,344
Additions
Exchange differences	(11,392)	(23,723)
Balance at ending	474,720	475,621
Cost [Member] \| Security Surveillance system [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	1,524,224	1,360,898
Additions		195,087
Exchange differences	(35,720)	(306,604)
Balance at ending	1,488,504	1,249,381
Cost [Member] \| Intelligent Cloud Platform [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	1,604,580	3,000,000
Additions		1,597,754
Exchange differences	(3,095)
Balance at ending	1,601,485	4,597,754
Cost [Member] \| Assets under construction -Cash Management Systems [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	194,082	194,495
Additions
Exchange differences	(14,063)	(3,816)
Balance at ending	180,019	190,679
Accumulated amortization [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	2,836,189	1,864,478
Amortization charged for the period	214,632	535,568
Exchange differences	(102,075)	(337,096)
Balance at ending	2,948,746	2,062,950
Accumulated amortization [Member] \| Computer software [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	830,600	767,168
Amortization charged for the period	28,236	26,139
Exchange differences	(60,535)	(15,908)
Balance at ending	798,301	777,399
Accumulated amortization [Member] \| Right-of-use Platform [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	114,659	50,477
Amortization charged for the period		33,582
Exchange differences	(2,687)	(3,927)
Balance at ending	111,972	80,132
Accumulated amortization [Member] \| Customer base [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	706,271	405,868
Amortization charged for the period	40,430	201,013
Exchange differences	(16,848)	(28,438)
Balance at ending	729,853	578,443
Accumulated amortization [Member] \| Technical know-how [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	82,956	28,405
Amortization charged for the period	27,204	28,346
Exchange differences	(2,144)	(2,641)
Balance at ending	108,016	54,110
Accumulated amortization [Member] \| Security Surveillance system [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	699,123	612,560
Amortization charged for the period	52,152	63,817
Exchange differences	(16,766)	(286,182)
Balance at ending	734,509	390,195
Accumulated amortization [Member] \| Intelligent Cloud Platform [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning	402,580
Amortization charged for the period	66,610	182,671
Exchange differences	(3,095)
Balance at ending	466,095	182,671
Accumulated amortization [Member] \| Assets under construction -Cash Management Systems [Member]
Schedule of Intangible Assets, Net [Line Items]
Balance at beginning
Amortization charged for the period
Exchange differences
Balance at ending

Trade and Other Payables and _3

Trade and Other Payables and Other Current Liabilities (Details) - USD ($)	Jun. 30, 2024	May 07, 2024	Jun. 30, 2023
Trade and Other Payables and Other Current Liabilities [Abstract]
Customer contracts	$ 5,462		$ 7,108
Shares granted to officers and employees (in Shares)		288,000

Trade and Other Payables and _4

Trade and Other Payables and Other Current Liabilities (Details) - Schedule of Trade and Other Payables and Other Current Liabilities - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Schedule of Trade and Other Payables and Other Current Liabilities [Abstract]
Trade payables – third parties		$ 2,553,826	$ 2,113,401
Accrued salaries and bonus		369,275	603,112
Other payables, accrued customer claims, cash loss and shortage	[1]	124,433	300,337
Trade and other payables		3,047,534	3,016,850
Output VAT and other taxes payable			100,166
Accrued expenses		525,467	639,556
Payroll payable		715,467	925,142
Provision for stock-based compensation expense	[2]		830,000
Other payables		487,172	419,964
Deferred revenue		36,530	256,815
Other current liabilities		$ 1,764,636	$ 3,171,643

[1]Includes a provision for penalty for failure to meet certain performance indicators as stipulated in certain customer contracts for approximately $5,462 and $7,108 as of June 30, 2024 and 2023, respectively.[2] During the year ended December 31, 2023, provision was made upon the management decision to grant restricted shares to officers and certain employees based on their performance in 2023 under the Company’s 2022 Equity Incentive Plan. 288,000 shares were granted to officers and certain employees on May 7, 2024 to settle such provision balance (Note 18).

Borrowings (Details)

Borrowings (Details) - USD ($)			6 Months Ended
Borrowings (Details) - USD ($)	Dec. 31, 2024	Sep. 28, 2023	Jun. 30, 2024	Jun. 30, 2023
Borrowings [Line Items]
Loan principal amount		$ 13,420,000
Bears interest rate	4%
Interest expense				$ 411,270
Bank Borrowings One [Member]
Borrowings [Line Items]
Borrowings interest rate			4.69%
Maturity date			April 7, 2025
Interest expense			$ 10,002
Bank Borrowings Two [Member]
Borrowings [Line Items]
Borrowings interest rate			3.77%
Maturity date			September 25, 2024
Interest expense				$ 33,394

Borrowings (Details) - Schedule

Borrowings (Details) - Schedule of Borrowings - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Borrowings [Abstract]
Short-term bank borrowing	$ 55,040	$ 140,902
Current portion of long-term bank borrowings	132,248	196,339
Long-term bank borrowings		44,410
Total borrowings	$ 187,288	$ 381,651

Convertible Note Payable (Detai

Convertible Note Payable (Details) - USD ($)					6 Months Ended		12 Months Ended
Convertible Note Payable (Details) - USD ($)	May 07, 2024	Oct. 25, 2023	Apr. 19, 2023	Oct. 25, 2022	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Convertible Note Payable [Abstract]
Principal amount				$ 1,707,500
Convert amount				$ 1,238,400
Conversion price (in Dollars per share)				$ 7.2
Restricted ordinary shares issued (in Shares)	288,000		172,000				60,000	288,000
Remaining note balance		$ 554,238
Interest expense						$ 65,644

Finance Lease Liabilities (Deta

Finance Lease Liabilities (Details) - USD ($)	6 Months Ended
Finance Lease Liabilities (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Schedule of Operating Lease Liabilities [Abstract]
Interest expense	$ 8,954	$ 15,987

Finance Lease Liabilities (De_2

Finance Lease Liabilities (Details) - Schedule of Finance Lease Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Operating Lease Liabilities [Abstract]
Current portion	$ 53,055	$ 108,597
Non-current portion	203,127	218,996
Finance lease liabilities	$ 256,182	$ 327,593

Finance Lease Liabilities (De_3

Finance Lease Liabilities (Details) - Schedule of Minimum Lease Payments Under Finance Lease Agreements - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Minimum Lease Payments Under Finance Lease Agreements [Line Items]
Less: Finance charges	$ (23,396)	$ (34,742)
Present value of finance lease liabilities, net	256,182	327,593
Within 1 year [Member]
Schedule of Minimum Lease Payments Under Finance Lease Agreements [Line Items]
Finance lease payments	60,407	126,042
After 1 year but within 5 years [Member]
Schedule of Minimum Lease Payments Under Finance Lease Agreements [Line Items]
Finance lease payments	$ 219,171	$ 236,293

Finance Lease Liabilities (De_4

Finance Lease Liabilities (Details) - Schedule of Finance Lease Assets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Finance Lease Assets [Abstract]
Cost	$ 673,722	$ 655,371
Less: Accumulated depreciation	(227,152)	(215,038)
Net book value	$ 446,570	$ 440,333

Taxation (Details)

Taxation (Details) - USD ($)	6 Months Ended
Taxation (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Taxation [Abstract]
VAT service percentage	7%
Value added tax for goods delivered and rental provided	13%
Value added tax for services provided	6%
Value added tax for construction projects	9%
Valuation allowance (in Dollars)	$ 22,949	$ 874,431

Provision for Employee Benefi_3

Provision for Employee Benefits (Details) - Schedule of Movement for the Defined Benefit Obligations - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Schedule of Movement for the Defined Benefit Obligations [Abstract]
Defined benefit obligations at January 1,		$ 4,935,982	$ 4,849,614
Estimate for the six months period	[1]	(344,427)	(74,552)
Defined benefit obligations at June 30,		$ 4,591,555	$ 4,775,062

[1]The estimate represents the difference between the Company’s estimated defined benefit obligations based on employees’ past service and expected future salary at the beginning of the fiscal year and the end of the six-month period.

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - USD ($)											6 Months Ended	12 Months Ended
Shareholders’ Equity (Details) - USD ($)	Jul. 01, 2024	May 07, 2024	Mar. 04, 2024	Feb. 06, 2024	May 12, 2023	May 05, 2023	Apr. 19, 2023	Feb. 17, 2023	Dec. 21, 2022	Feb. 13, 2022	Jun. 30, 2024	Dec. 31, 2024	Dec. 31, 2023	Mar. 06, 2024	Mar. 01, 2023	Jan. 31, 2023	Jun. 16, 2022
Ordinary share increased (in Dollars per share)											$ 0.12		$ 0.12
Fractional shares canceled								2,339
Deposit equity interests rate													99.07%
Cancelled shares										243,000
Ordinary shares	1,628,368				2,580,600	1,720,430	172,000				10,237,282		9,830,373	120,000	262,500
Warrants shares											128,901
Warrants issued											2,013,759
Warrants outstanding											2,013,759
Exercises warrant											1
Additional ordinary shares					387,090	258,064
Public offering price (in Dollars per share)					$ 4.65	$ 4.65
Gross proceeds (in Dollars)	$ 2,593,842				$ 13,800,000	$ 9,200,000
Restricted ordinary share				1,091					262,500
Issued restricted ordinary shares		288,000					172,000					60,000	288,000
Fair value for the restricted ordinary shares (in Dollars)												$ 155,400	$ 924,955
Stock-based compensation expense (in Dollars)											$ 77,700		$ 830,000
Directors’ fee (in Dollars)											77,700
Under-provided amount (in Dollars)											$ 94,955
Minimum [Member] \| Public Warrants [Member]
Public warrant (in Dollars per share)											$ 0.16
Minimum [Member] \| Private Warrant [Member]
Private warrant (in Dollars per share)											0.18
Top of range [member]
Public warrant (in Dollars per share)											6.4
Private warrant (in Dollars per share)											$ 7.2
Cayman Islands [Member] \| Minimum [Member]
Ordinary share increased (in Dollars per share)																$ 0.003
Cayman Islands [Member] \| Top of range [member]
Ordinary share increased (in Dollars per share)																$ 0.12
Shareholders [Member] \| Minimum [Member]
Issued restricted ordinary shares												60,000
Board of Director [Member]
Issued restricted ordinary shares													60,000
Ordinary shares [member]
Deposit equity interests rate																	100%
Restricted ordinary share			1,091
Issued Capital [Member] \| Cayman Islands [Member] \| Minimum [Member]
Ordinary shares authorized																300,000,000
Issued Capital [Member] \| Cayman Islands [Member] \| Top of range [member]
Ordinary shares authorized																7,500,000

Selling, Distribution and Adm_3

Selling, Distribution and Administrative Expenses (Details) - Schedule of Selling, Distribution and Administrative Expenses - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Schedule of Selling, Distribution and Administrative Expenses [Abstract]
Staff expense		$ 3,141,756	$ 3,602,127
Rental expense		173,246	345,026
Depreciation and amortization expense		452,299	1,251,359
Utilities expense		34,783	53,015
Travelling and entertainment expense		170,596	135,186
Marketing expense		187,858	150,203
Professional fees		582,489	774,553
Repairs and maintenance		26,280	35,298
Employee benefits		38,741	29,316
Research and development expense		106,835	95,322
Other expenses	[1]	52,407	212,445
Selling ,distribution and administrative expenses		$ 4,967,290	$ 6,683,850

[1] Other expenses mainly comprised of office expenses, stamp duties, training costs, transportation costs for robots, etc.

Legal Reserve (Details)

Legal Reserve (Details) - USD ($)	6 Months Ended
Legal Reserve (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Legal Reserve [Abstract]
Percentage of legal reserve	5%
Dividend distribution percentage	10%
Legal reserve (in Dollars)	$ 223,500	$ 223,500
After tax profits, percentage	10%
PRC entity registered capital, percentage	50%

Related Party Transactions (Det

Related Party Transactions (Details) ¥ in Millions	6 Months Ended
Related Party Transactions (Details) ¥ in Millions	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 22, 2024	Dec. 31, 2023 USD ($)	Apr. 17, 2020 USD ($)	Sep. 01, 2018 USD ($)	Sep. 01, 2018 CNY (¥)
Disclosure of transactions between related parties [line items]
Borrowed amount	$ 187,288			$ 381,651
Loan interest rate	2%
Purchase of asset	$ 138,520	$ 229,162
Standard purchase orders		50,927
Tu Jingyi [Member]
Disclosure of transactions between related parties [line items]
Loan						$ 1,437,303	¥ 10
Guardforce Holdings HK Limited Member
Disclosure of transactions between related parties [line items]
Borrowed amount					$ 2,735,000
Outstanding loan	1,666,846
Tu Jingyi [Member]
Disclosure of transactions between related parties [line items]
Loan interest rate			1.50%
Interest expense	$ 4,575	$ 39,949

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Amounts Due from Related Parties - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Disclosure of transactions between related parties [line items]
Due from related parties		$ 13,086	$ 2,172,638
Guardforce TH Group Company Limited [Member]
Disclosure of transactions between related parties [line items]
Due from related parties	[1]	2,506	1,804
Shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries [Member]
Disclosure of transactions between related parties [line items]
Due from related parties	[2]		2,160,000
CSF Mingda Technology Co., Ltd. [Member]
Disclosure of transactions between related parties [line items]
Due from related parties	[1]	$ 10,580	$ 10,834

[1] Amounts due from these related parties represent business advances for operational purposes. Amount due from shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries was settled upon offsetting certain amounts due to related parties pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024.

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of Amounts Due to Related Parties - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties		$ 139,557	$ 2,898,506
Tu Jingyi [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[1]		152,725
Guardforce Holdings (HK) Limited [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[1]		43,337
Guardforce Security (Thailand) Company Limited [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[2]	139,287	74,429
Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[3]		2,528,916
Shenzhen Zhongzhi Yonghao Robot Co., Ltd. [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[3]		63,718
Guardforce Security Service (Shanghai) Co., Ltd. [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[3]		35,225
Guardforce Aviation Security Company Limited [Member]
Schedule of Amounts Due to Related Parties [Line Items]
Due from related parties	[2]	$ 270	$ 156

[1] Amounts due to Tu Jingyi and Guardforce Holdings (HK) Limited represents accrued interest on loans. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off these balances in cash on May 3, 2024. Amounts due to related parties represent business advances for operational purposes. Amounts due to these related parties were settled upon offsetting the amount due from shareholders’ of Shenzhen Kewei Robot Technology Co., Limited and its subsidiaries pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024.

Related Party Transactions (D_4

Related Party Transactions (Details) - Schedule of Short-Term Borrowing from Related Party - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Schedule of Short-term Borrowing from Related Party [Line Items]
Short-term borrowing			$ 3,104,149
Guardforce Holdings (HK) Limited [Member]
Schedule of Short-term Borrowing from Related Party [Line Items]
Short-term borrowing	[1]		1,666,846
Tu Jingyi [Member]
Schedule of Short-term Borrowing from Related Party [Line Items]
Short-term borrowing	[2]		$ 1,437,303

[1] On April 17, 2020, the Company borrowed $2,735,000 from Guardforce Holdings (HK) Limited. As of December 31, 2023, the outstanding principal amount of this loan was $1,666,846. The loan is unsecured with an interest rate at 2%. Pursuant to a settlement plan with Tu Jingyi (“Mr. Tu”) dated March 22, 2024, the Company had fully paid off this balance in cash on May 3, 2024.

Related Party Transactions (D_5

Related Party Transactions (Details) - Schedule of Related Party Transactions - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Service/ Products received from related parties:
Service/ Products received from related parties		$ 432,118	$ 211,066
Guardforce Security (Thailand) Company Limited [Member]
Service/ Products received from related parties:
Service/ Products received from related parties	[1]	431,193	68,897
Guardforce Aviation Security Company Limited [Member]
Service/ Products received from related parties:
Service/ Products received from related parties	[2]	925	600
Shenzhen Kewei Robot Technology Co., Limited [Member]
Service/ Products received from related parties:
Service/ Products received from related parties	[3]		141,569
Service/ Products delivered to related parties:
Service/ Products delivered to related parties	[4]	$ 4,652

[1] Guardforce Security (Thailand) Company Limited provided security guard services to the Company; Guardforce Aviation Security Company Limited provided escort services to the Company; During the six months ended June 30, 2023, the Company purchased 207 robots amounting to $229,162 through an asset purchase agreement and $50,927 through placing standard purchase orders. 124 robots amounting to $138,520 were returned by the Company. During the six months ended June 30, 2024, the Company did not make purchases from Shenzhen Kewei Robot Technology Co., Ltd. The Company rented robots to Shenzhen Kewei Robot Technology Co., Limited.

Consolidated Segment Data (Deta

Consolidated Segment Data (Details) - Schedule of Revenue and Non-Cash Compensation - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Schedule of Revenue and Non-Cash Compensation [Line Items]
Revenues		$ 17,566,844	$ 18,005,603
Operating loss		(2,081,862)	(11,901,828)
Total other income from four segments		312,342	77,665
Foreign exchange losses (gain), net:
Foreign exchange losses, net		(775,698)	169,410
Finance costs:
Finance costs		(81,534)	(578,308)
Loss before income tax from continuing operations		(1,900,095)	(12,986,564)
Provision for income tax benefit (expense)		22,949	(874,431)
Net loss for the period from continuing operations		(1,877,146)	(13,860,995)
Net loss for the period from discontinued operations – Information security segment		38,719	11,562
Net loss for the period		(1,838,427)	(13,849,433)
Less: net profit (loss) attributable to the non-controlling interest		9,167	(30,214)
Net loss attributable to equity holders of the Company		(1,847,594)	(13,819,219)
Revenue [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Revenues	[1]	17,566,844	18,005,603
Secured logistics [Member] \| Revenue [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Revenues	[1]	15,761,944	15,943,156
Secured logistics [Member] \| Foreign exchange losses, net [Member]
Foreign exchange losses (gain), net:
Foreign exchange losses, net		(1,544)	(598,053)
Secured logistics [Member] \| Finance costs [Member]
Finance costs:
Finance costs		(56,727)	(423,440)
AI&Robotics solution [Member] \| Revenue [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Revenues	[1]	131,142	440,229
AI&Robotics solution [Member] \| Foreign exchange losses, net [Member]
Foreign exchange losses (gain), net:
Foreign exchange losses, net		(30,030)	13,150
AI&Robotics solution [Member] \| Finance costs [Member]
Finance costs:
Finance costs		(17,427)
General security solutions [Member] \| Revenue [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Revenues	[1]	1,673,758	1,622,218
General security solutions [Member] \| Finance costs [Member]
Finance costs:
Finance costs		(2,430)
Corporate and others [Member] \| Foreign exchange losses, net [Member]
Foreign exchange losses (gain), net:
Foreign exchange losses, net		(17,467)	810
Corporate and others [Member] \| Finance costs [Member]
Finance costs:
Finance costs		(4,950)	(154,868)
Operating loss [Member] \| Secured logistics [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Operating loss		770,737	(1,101,369)
Operating loss [Member] \| AI&Robotics solution [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Operating loss		(894,556)	(8,320,982)
Operating loss [Member] \| General security solutions [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Operating loss		(109,979)	(542,569)
Operating loss [Member] \| Corporate and others [Member]
Schedule of Revenue and Non-Cash Compensation [Line Items]
Operating loss	[2]	$ (1,848,064)	$ (1,936,908)

[1]Revenue excludes intercompany sales.[2] Includes impairment of goodwill on acquired subsidiaries, non-cash compensation, legal and professional fees and consultancy fees for the Company.

Consolidated Segment Data (De_2

Consolidated Segment Data (Details) - Schedule of Depreciation and Amortization by Segment - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Depreciation and Amortization by Segment [Line Items]
Total depreciation and amortization	$ 1,556,922	$ 2,619,001
Secured logistics [Member]
Schedule of Depreciation and Amortization by Segment [Line Items]
Total depreciation and amortization	1,258,825	1,570,069
AI&Robotics solution [Member]
Schedule of Depreciation and Amortization by Segment [Line Items]
Total depreciation and amortization	173,368	924,219
General security solutions [Member]
Schedule of Depreciation and Amortization by Segment [Line Items]
Total depreciation and amortization	$ 124,729	$ 124,713

Consolidated Segment Data (De_3

Consolidated Segment Data (Details) - Schedule of the Total Assets by Segment - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of the Total Assets by Segment [Line Items]
Total assets	$ 36,183,978	$ 45,814,948
Secured logistics [Member]
Schedule of the Total Assets by Segment [Line Items]
Total assets	20,897,829	21,613,383
Assets held for sale - Information security [Member]
Schedule of the Total Assets by Segment [Line Items]
Total assets		201,963	[1]
AI&Robotics solution [Member]
Schedule of the Total Assets by Segment [Line Items]
Total assets	2,296,023	3,127,857
General security solutions [Member]
Schedule of the Total Assets by Segment [Line Items]
Total assets	3,697,691	2,836,403
Corporate and others [Member]
Schedule of the Total Assets by Segment [Line Items]
Total assets	$ 9,292,435	$ 18,035,342

[1] As of December 31, 2023, the total assets for information security segment were presented as assets held for sale on the consolidated balance sheets.

Consolidated Segment Data (De_4

Consolidated Segment Data (Details) - Schedule of Total Non-Current Assets by Geographical Segment - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Total Non-Current Assets by Geographical Segment [Line Items]
Total non-current assets	$ 13,466,535	$ 14,694,356
Hong Kong and Macau [Member]
Schedule of Total Non-Current Assets by Geographical Segment [Line Items]
Total non-current assets	3,471,387	3,289,170
Thailand [Member]
Schedule of Total Non-Current Assets by Geographical Segment [Line Items]
Total non-current assets	9,979,287	10,472,012
Other countries [Member]
Schedule of Total Non-Current Assets by Geographical Segment [Line Items]
Total non-current assets	$ 15,861	$ 933,174

Disposal of a Subsidiary (Detai

Disposal of a Subsidiary (Details) - Handshake [Member] - USD ($)		6 Months Ended
	Feb. 06, 2024	Jun. 30, 2024
Disposal of a Subsidiary [Line Items]
Percentage of equity interest	51%
Gain on disposal of subsidiary		$ 3,607

Commitments and Contingencies_2

Commitments and Contingencies (Details) - Schedule of Future Payments for Employment Agreements	Jun. 30, 2024 USD ($)
Schedule of Future Payments for Employment Agreements [Abstract]
2025	$ 1,135,957
2026	254,167
2027	183,333
Total minimum payment required	$ 1,573,457

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of Expenditure Commitments	Jun. 30, 2024 USD ($)
Schedule of Expenditure Commitments [Line Items]
Service fee commitments	$ 250,946	[1]
Operating lease commitments	2,690,062	[2]
Total	2,941,008
Less than 1 year [Member]
Schedule of Expenditure Commitments [Line Items]
Service fee commitments	215,716	[1]
Operating lease commitments	1,671,619	[2]
Total	1,887,335
1-3 years [Member]
Schedule of Expenditure Commitments [Line Items]
Service fee commitments	35,230	[1]
Operating lease commitments	946,402	[2]
Total	981,632
4-5 years [Member]
Schedule of Expenditure Commitments [Line Items]
Service fee commitments		[1]
Operating lease commitments	72,041	[2]
Total	$ 72,041

[1] The Company has engaged Stander Information Company Limited (“Stander”) to provide technical services relating to the cash management systems for the Company’s secure logistics business. The service agreement with Stander is comprised of a monthly fixed service fee and certain other fees as specified in the agreement, which will expire in August 2025. From time to time, the Company entered into various short-term lease agreements to rent warehouses and offices. In addition, the Company has various low value items with various lease terms that the Company is committed to pay in the future.