Able View (ABLV) 6-K19 Dec 242024 Q2 Report 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	Able View Global Inc.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001957489
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-41785

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 9,054,254	$ 13,328,156
Accounts receivable	12,605,035	14,475,994
Prepayments and other current assets	6,754,391	3,286,579
Inventories	14,177,640	17,426,085
Total Current Assets	42,591,320	48,535,125
Non-current Assets
Property and equipment, net	542,383	676,646
Right of use assets, net	1,415,033	1,680,547
Deferred tax assets	5,186,135	2,749,408
Other non-current assets	1,090,023	1,264,969
Total Non-current Assets	8,233,574	6,371,570
Total Assets	50,824,894	54,906,695
Current Liabilities
Short-term borrowings	7,659,016	2,884,519
Accounts payable	1,999,864	3,647,682
Advance from customers	4,473,963	239,073
Income tax payable	2,741,088	4,887,126
Lease liabilities	752,429	761,904
Other payable and accrued expenses	2,082,543	2,680,306
Total Current Liabilities	20,145,994	15,652,953
Lease liabilities, noncurrent	638,711	1,003,943
Deferred tax liabilities	353,059	420,137
Long-term borrowings	2,180,694
Total Liabilities	46,408,418	43,491,116
Commitments and Contingencies
Shareholders’ (Deficits) Equity
Additional paid-in capital	890,143	1,755,595
Statutory reserve	158,027	158,027
Retained earnings	3,126,338	9,462,217
Accumulated other comprehensive income	237,804	35,528
Total Shareholders’ Equity	4,416,476	11,415,579
Total Liabilities and Shareholders’ (Deficits) Equity	50,824,894	54,906,695
Related Party
Current Assets
Amount due from related parties		18,311
Current Liabilities
Amount due to related parties	437,091	552,343
Amount due to related parties, non-current	23,089,960	26,414,083
Class A Ordinary Shares
Shareholders’ (Deficits) Equity
Ordinary shares value	2,487	2,487
Class B Ordinary Shares
Shareholders’ (Deficits) Equity
Ordinary shares value	$ 1,677	$ 1,725

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Class A Ordinary Shares
Ordinary Shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Ordinary Shares, authorized	100,000,000	100,000,000
Ordinary Shares, issued	24,871,433	24,871,433
Ordinary Shares, outstanding	24,871,433	24,871,433
Class B Ordinary Shares
Ordinary Shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Ordinary Shares, authorized	500,000,000	500,000,000
Ordinary Shares, issued	16,766,549	17,247,383
Ordinary Shares, outstanding	16,766,549	17,247,383

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Revenues
Revenues		$ 62,751,271	$ 81,663,901
Cost of revenue
Cost of revenue		(57,968,744)	(61,993,686)
Gross profit		4,782,527	19,670,215
Operating expenses
Selling and marketing expenses		(9,152,241)	(9,229,698)
General and administrative expenses		(3,647,752)	(2,365,150)
Total operating expenses		(12,799,993)	(11,594,848)
(Loss) income from operations		(8,017,466)	8,075,367
Other income (expenses), net
Interest expenses, net		(466,351)	(698,500)
Other (expenses) income		(135,060)	151,454
Foreign currency exchange loss		(174,683)	(856,930)
Total other expenses, net		(776,094)	(1,403,976)
(Loss) income before income taxes		(8,793,560)	6,671,391
Income tax benefits (expenses)		2,457,681	(1,022,634)
Net (loss) income		(6,335,879)	5,648,757
Accretion of convertible redeemable preferred shares			(120,000)
Net income attributable to Able View Global Inc’s preferred shareholders			(85,728)
Net (loss) income attributable to Able View Global Inc’s ordinary shareholders		(6,335,879)	5,443,029
Net (loss) income		(6,335,879)	5,648,757
Other comprehensive income
Foreign currency translation adjustment		202,276	63,225
Comprehensive (loss) income		(6,133,603)	5,711,982
Comprehensive (loss) income attributable to Able View Global Inc’s ordinary shareholders		$ (6,133,603)	$ 5,506,254
(Loss) earnings per share – basic (in Dollars per share)	[1]	$ (0.15)	$ 0.14
(Loss) earnings per share – diluted (in Dollars per share)	[1]	$ (0.15)	$ 0.14
Weighted average shares – basic (in Shares)	[1]	41,755,549	37,732,310
Weighted average shares – diluted (in Shares)	[1]	41,755,549	37,732,310
Product sales to third parties
Revenues
Revenues		$ 62,674,078	$ 81,663,901
Cost of revenue
Cost of revenue		(57,891,551)	(61,993,686)
Product sales to related parties
Revenues
Revenues		77,193
Cost of revenue
Cost of revenue		$ (77,193)

[1] Shares and per share data are presented on a retroactive basis to reflect the reverse recapitalization. (Note 1)

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Changes in Shareholders’ (Deficits) Equity - USD ($)		Ordinary Shares Class A	Ordinary Shares Class B	Additional Paid-in Capital	Statutory Reserve	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2022		$ 2,487	$ 1,287	$ 2,365,761	$ 22,658	$ 7,540	$ (4,143)	$ 2,395,590
Balance (in Shares) at Dec. 31, 2022	[1]	24,871,433	12,860,877
Accretion of convertible redeemable preferred shares						(120,000)		(120,000)
Net income						5,648,757		5,648,757
Foreign currency translation adjustments							63,225	63,225
Balance at Jun. 30, 2023		$ 2,487	$ 1,287	2,365,761	22,658	5,536,297	59,082	7,987,572
Balance (in Shares) at Jun. 30, 2023	[1]	24,871,433	12,860,877
Balance at Dec. 31, 2023		$ 2,487	$ 1,725	1,755,595	158,027	9,462,217	35,528	11,415,579
Balance (in Shares) at Dec. 31, 2023	[1]	24,871,433	17,247,383
Repurchase and cancellation of Class B ordinary shares (Note 9)			$ (48)	(865,452)				(865,500)
Repurchase and cancellation of Class B ordinary shares (Note 9) (in Shares)	[1]		(480,834)
Net income						(6,335,879)		(6,335,879)
Foreign currency translation adjustments							202,276	202,276
Balance at Jun. 30, 2024		$ 2,487	$ 1,677	$ 890,143	$ 158,027	$ 3,126,338	$ 237,804	$ 4,416,476
Balance (in Shares) at Jun. 30, 2024	[1]	24,871,433	16,766,549

[1] Shares are presented on a retroactive basis to reflect the reverse recapitalization. (Note 1)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Net cash (used in) provided by operating activities	$ (7,207,185)	$ 7,277,110
Cash flows from investing activities:
Purchase of property and equipment	(485)	(389,506)
Loans to third parties		(1,236,742)
Advances to related parties		(1,885,736)
Collection of advances from related parties	18,311	1,736,970
Net cash provided by (used in) investing activities	17,826	(1,775,014)
Cash flows from financing activities:
Proceeds from short-term borrowings	23,750,135	40,465,351
Repayments of short-term borrowings	(18,978,992)	(46,111,031)
Borrowings from related parties	9,486,075	5,835,307
Repayment of short-term borrowings to related parties	(12,910,199)	(4,212,145)
Borrowings from a third party	2,180,694
Payment to repurchase of Class B ordinary shares	(865,500)
Payments of dividends to shareholders	(57,552)	(57,402)
Payment of offering costs		(1,107,564)
Net cash provided by (used in) financing activities	2,604,661	(5,187,484)
Effect of exchange rate changes on cash and cash equivalents	310,796	61,347
Net (decrease) increase in cash and cash equivalents	(4,273,902)	375,959
Cash and cash equivalents at beginning of period	13,328,156	5,773,380
Cash and cash equivalents at end of period	9,054,254	6,149,339
Supplemental cash flow information
Cash paid for interest expense	167,260	711,891
Cash paid for income tax	2,224,752	143,197
Noncash financing activities
Operating lease right-of-use assets obtained in exchange for operating lease liabilities		2,480,506
Accretion of convertible redeemable preferred shares		$ 120,000

Organization and Business Descr

Organization and Business Description	6 Months Ended
Organization and Business Description	Jun. 30, 2024
Organization and Business Description [Abstract]
ORGANIZATION AND BUSINESS DESCRIPTION	1. ORGANIZATION AND BUSINESS DESCRIPTION History of Able View Global Inc. Able View Global Inc. (“Able View Global”, or the “Company”) was incorporated as a private company under the laws of Cayman Island on October 11, 2022, as a direct wholly owned subsidiary of Able View Inc. (“Ableview Cayman”). Ableview Cayman was incorporated on January 21, 2021 under the laws of the Cayman Islands as an exempted company with limited liability. Ableview Cayman owns 100% of the equity interests of Ableview Capital Group Ltd (“Ableview BVI”), an entity incorporated under the laws of British Virgin Islands (“BVI”) on February 10, 2021. On October 11, 2022 and October 12, 2022, Ableview Cayman set up both Able View Global and Able View Corporation Inc. (the “Merger Sub”) under the laws of the Cayman Islands as exempted companies with limited liability. Ableview Cayman owned 100% of the equity interests of Able View Global and Merger Sub. Ableview BVI owns 100% of the equity interests of Ableview Brands Limited (“Ableview Brands”), Ableview Management Limited (“Ableview Management”), and CSS Cosmetics (Hong Kong) Limited (“CSS HK”), all are business companies incorporated in accordance with the laws and regulations of Hong Kong on February 25, 2021, May 25, 2021 and December 31, 2021, respectively. On April 1, 2021, November 16, 2022 and March 21, 2023, Ableview Brands established Shanghai Jingyue Trading Co., Ltd. (“Shanghai Jingyue”), Shanghai Jingnan Medicial Appliances Co., Ltd. (“Shanghai Jingnan”), and Zhejiang Jingxiu Trading Co., Ltd. (“Zhejiang Jingxiu”) all of which are wholly owned subsidiaries in China. On December 7, 2022, Ableview Brands also established Healthy Great Pte. Ltd. (“Ableview Singapore”), a wholly owned subsidiary in Singapore. On January 11, 2022, Ableview Management established CSS Cosmetics (Shanghai) Limited (“CSS Shanghai”), a wholly owned subsidiary in China. Ableview Management acquired Shanghai Jinglu Trading Co., Ltd. (“Shanghai Jinglu”) and Beijing Jingyuan Trading Co., Ltd. (“Beijing Jingyuan”) from shareholders of Ableview Cayman, and such acquisition was accounted for as acquisition under common control. Shanghai Jinglu and Beijing Jingyuan were set up in China on November 24, 2020 and October 14, 2020, respectively. Ableview Investment Limited (“Ableview Investment”) was incorporated on October 23, 2019 under the laws of the Cayman Islands as an exempted company with limited liability. The Company commenced operations on November 18, 2015, through its subsidiaries, Able View Enterprise Limited (“Able View”) and its wholly owned subsidiary Shanghai Weitong Trading Co., Ltd. (“Weitong”). Able View is a limited liability company, which was registered and established under the laws of the Hong Kong on November 18, 2015. The PRC operating company, Weitong was incorporated as a PRC entity pursuant to PRC law on May 28, 2015 by two former shareholders. On November 21, 2017, Able View entered into a share transfer agreement with the former shareholders to acquire 100% of the equity interest of Weitong. Pursuant to the share transfer agreement, the closing date was November 21, 2017. Reorganization of Ableview Cayman On April 28, 2022, Ableview Cayman entered into an equity transfer agreement with Ableview Investment and the shareholders of Ableview Investment. Pursuant to the equity transfer agreement, each of the shareholders of Ableview Investment transferred to Ableview Cayman their respective equity interests in Ableview Investment (“Equity Transfer”). Because the shareholders of Ableview Cayman and Able View Investment are of the same group, the Equity Transfer was agreed at nil consideration. Upon completion of the Equity Transfer, Ableview Investment became a direct wholly-owned subsidiary of Ableview Cayman. On April 28, 2022, Ableview Cayman completed the reorganization of entities under common control of its then existing shareholders, who collectively owned 100% of the equity interests of Ableview Investment prior to the reorganization. Ableview Cayman, Ableview BVI, Ableview Brands, and Ableview Management were established as holding companies of Ableview Investment and its subsidiaries, and all of these entities are under common control which results in the consolidation of Ableview Investment and its subsidiaries, which have been accounted for as a reorganization of entities under common control at carrying value. Ableview Cayman, Ableview BVI, Ableview Brands, Ableview Management and Ableview Investment and its subsidiaries (herein the subsidiaries are collectively referred to as the “Operating Subsidiaries”) are engaged in importing and selling cosmetics and other beauty products to E-commerce platforms and distributor customers. History of HMAC Hainan Manaslu Acquisition Corp. (“HMAC”) is a blank check company incorporated as a Cayman Islands exempted company on September 10, 2021, and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The registration statement for HMAC’s Initial Public Offering (“Initial Public Offering”) was declared effective on August 10, 2022. Reverse recapitalization On August 17, 2023, Able View Global consummated the transactions contemplated by that certain Business Combination Agreement, dated as of November 21, 2022 (the “Business Combination Agreement”) modified by that certain Waiver Agreement, dated as of June 12, 2023, by and among (i) the Company, (ii) HMAC, (iii) Ableview Cayman, (iv) Merger Sub, and (v) each of the holders of Ableview Cayman’s outstanding shares (collectively, the “Sellers”). On August 17, 2023, the closing date of the Business Combination (as defined below), pursuant to the Business Combination Agreement, (a) HMAC merged with Merger Sub, with HMAC continuing as the surviving entity in the merger (the “Merger”), as a result of which: (i) HMAC became a wholly-owned subsidiary of the Company and (ii) each issued and outstanding security of HMAC immediately prior to the consummation of the Merger was no longer outstanding and automatically cancelled, in exchange for the right of the holder thereof to receive a substantially equivalent security of the Company, and (b) the Company acquired all of the issued and outstanding shares of Ableview Cayman held by the Sellers in exchange for the Class A Ordinary Shares and Class B Ordinary Shares of the Company (“Business Combination”). As a result of the above transactions, HMAC and Ableview Cayman each became a wholly-owned subsidiary of the Company. Upon closing of the Business Combination, the Company acquired all of the issued and outstanding securities of Ableview Cayman in exchange for (i) 24,871,433 of the Company’s Class A Ordinary Shares, (ii) 17,487,800 of the Company’s Class B Ordinary Shares, and (iii) earn out payments consisting of up to an additional 1,600,000 of the Company’s Class B Ordinary Shares if the Company’s net revenues for the year ended December 31, 2023 are equal to or in excess of $170 million, and an additional 1,600,000 of the Company’s Class B Ordinary Shares if the Company’s net revenues for the year ended December 31, 2024 are in equal to or in excess of $200 million. After giving effect to the Business Combination and the issuance of the Class A Ordinary Shares and Class B Ordinary Shares described above, there are 24,871,433 shares of Class A Ordinary Shares issued and outstanding, and 17,487,800 shares of Class B Ordinary Shares issued and outstanding. Able View Global has also capitalized offering cost of $3,472,759, which was recorded as reduction against additional paid-in capital. The reverse recapitalization is equivalent to the issuance of securities by the Company for the net monetary assets of HMAC, accompanied by a recapitalization. The Company debited equity for the fair value of the net liabilities of HMAC. In the subsequent financial statements after the Business Combination, the amounts of assets and liabilities for the period before the reverse recapitalization in financial statements, are presented as the Company’s and recognized and measured at their pre-combination carrying amounts. Disposal of HMAC On December 18, 2023, HMAC ceased being a subsidiary of the Company as a result of it being disposed to a third party. HMAC was a holding company. The management believed the disposal of HMAC does not represent a strategic shift, in both operating and financing aspects, because it is not changing the way it is running its business. The Company has not shifted the nature of its operations or the major geographic market area. The management believed the deconsolidation of HMAC does not represent a strategic shift that has (or will have) a major effect on the Company’s operations and financial results. The disposal is not accounted for as discontinued operations in accordance with ASC 205-20. On closing of Business Combination with HMAC, the Company debited equity for the fair value of the net liabilities of HMAC. On disposal of HMAC, the Company credited additional paid-in capital of $472,631 from disposal of HMAC, which represented the difference between the consideration of $nil and HMAC’s net liability as of the disposal date.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation The interim unaudited condensed consolidated financial statements are prepared and presented in accordance with accounting principles generally accepted in the United States (“US GAAP”). The unaudited condensed consolidated financial information as of June 30, 2024 and six months ended June 30, 2024 and 2023 has been prepared pursuant to the rules and regulations of the SEC and pursuant to Regulation S-X. Certain information and footnote disclosures, which are normally included in annual financial statements prepared in accordance with US GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim financial information should be read in conjunction with the audited financial statements and the notes thereto for the fiscal years ended December 31, 2023 and 2022, included in the Form 20-F filed on April 30, 2024. In the opinion of the management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments, which are necessary for a fair presentation of financial results for the interim periods presented. The Company believes that the disclosures are adequate to make the information presented not misleading. The accompanying unaudited condensed consolidated financial statements have been prepared using the same accounting policies as used in the preparation of the Company’s consolidated financial statements for the years ended December 31, 2023 and 2022. (b) Basis of consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly and majority owned subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation. All intercompany transactions and balances have been eliminated upon consolidation. (c) Use of estimates The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities on the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management reviews these estimates and assumptions using the currently available information. Changes in facts and circumstances may cause the Company to revise its estimates. The Company bases its estimates on past experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Estimates are used when accounting for items and matters including, but not limited to, determinations of the useful lives and valuation of long-lived assets, allowances for credit losses for accounts receivable and other receivables, valuation of deferred tax assets, and other provisions and contingencies. (d) Foreign currency translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing on the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates on the date of the balance sheet. The reporting currency of the Company and its subsidiaries is U.S. dollars (“US$”) and the accompanying unaudited condensed consolidated financial statements have been expressed in US$. In general, for consolidation purposes, assets and liabilities of the Company and its subsidiaries whose functional currency is not the US$, are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of the Company and its subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of shareholders’ equity. Translation of amounts from HKD and RMB into US$ has been made at the following exchange rates for the respective periods: June 30, December 31, HKD exchange rate for balance sheet items, except for equity accounts 7.8083 7.8109 RMB exchange rate for balance sheet items, except for equity accounts 7.2672 7.0999 For the Six Months Ended 2024 2023 HKD exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows 7.8191 7.8394 RMB exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows 7.2150 6.9283 No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation. (e) Accounts receivable Accounts receivable are recorded at the gross amount less an allowance for expected credit losses and do not bear interest. On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), using the modified retrospective transition method. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. Upon adoption, the Company changed the impairment model to utilize a forward-looking current expected credit losses (CECL) model in place of the incurred loss methodology for financial instruments measured at amortized cost and receivables resulting from the application of ASC 606, including contract assets. The adoption of the guidance had no impact on the allowance for credit losses for accounts receivable. Upon the adoption of ASU 2016-13, the management maintains an allowance for credit losses and records the allowance for credit losses as an offset to accounts receivable and the estimated credit losses charged to the allowance is classified as “General and administrative expenses” in the unaudited condensed consolidated statements of operations and comprehensive (loss) income. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status, the age of the balances, credit quality of the Company’s customers based on ongoing credit evaluations, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect the Company’s ability to collect from customers. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. As of June 30, 2024 and December 31, 2023, the Company determined no allowances for credit losses were necessary for accounts receivable. (f) Inventories Inventories, consisting of cosmetics and other beauty products available for sale, are stated at the lower of cost or market. Cost of inventories is determined using the weighted average cost method. Adjustments are recorded to write down the cost of inventories to the estimated net realizable value due to damaged goods and slow-moving merchandise, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write-downs are recorded in cost of revenues in the unaudited condensed consolidated statements of operations and comprehensive (loss) income. For the six months ended June 30, 2024 and 2023, the Company provided inventory writing-downs of $4,875,506 and $ nil (g) Revenue recognition The Company adopted ASC 606, Revenue from Contracts with Customers (“ASC 606”) on January 1, 2017, using the modified retrospective approach. ASC 606 establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. In accordance with ASC 606, revenues are recognized when control of the promised products is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products. The Company also evaluates whether it is appropriate to record the gross amount of product sales. When the Company is a principal, and the Company obtains control of the specified goods before they are transferred to the customers, the revenues should be recognized in the gross amount of consideration to which it expects to be entitled to in exchange for the specified goods transferred. Revenues are recorded net of value-added taxes. Sales of cosmetics and other beauty products For the six months ended June 30, 2024 and 2023, the Company generated revenues primarily from selling cosmetics and other beauty products. The Company identifies a single performance obligation from contracts which is the sales of cosmetics and other beauty products. The Company recognizes the product revenues on a gross basis as the Company is acting as a principal in these transactions and is responsible for fulfilling the promise to provide the specified goods, subject to inventory risks and has the discretion in establishing prices. The Company recognizes revenues at a point in time when the control over the cosmetics and other beauty products are transferred to customers. The Company recognizes revenues net of return allowances and consideration payable to customers when the products are delivered and title is passed to customers. Significant judgement is required to estimate return allowances. For sales with return conditions, the Company reasonably estimates the possibility of return based on the historical experience, changes in judgments on these assumptions and estimates could materially impact the amount of net revenues recognized. As of June 30, 2024 and December 31, 2023, the Company did not record return allowance because the Company did not expect a significant reversal in the amount of cumulative revenue. Provision of operation services The Company also generated revenues from provision of operation services for online stores owned by customers. The operation services cover marketing and promotion of cosmetics products, warehouse management, logistics of products, and customer relationship services. The Company identifies a single performance obligation from contracts. The transaction price is determined by a fixed percentage of sales volume. There were no variable considerations, significant financing components or payments to customers in the agreements with customers. The Company recognizes revenues over time when service is provided. The Company has a right to considerations from the customers in an amount that corresponds directly with the value the Company's performance completed to date. The Company adopted practical expedient under ASC 606-10-55-18, and recognized revenues from provision of operation services based on amounts invoiced to the customers. Contract balances The Company classifies its right to consideration in exchange for services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Company recognizes accounts receivable in its consolidated balance sheets when it performs a service in advance of receiving consideration and it has the unconditional right to receive consideration. A contract asset is recorded when the Company has transferred services to the customer before payment is received or is due, and the Company’s right to consideration is conditional on future performance or other factors in the contract. As of June 30, 2024 and December 31, 2023, the Company did not record contract assets. The Company capitalizes incremental costs incurred to fulfill contracts that (i) relate directly to the contract, (ii) are expected to generate resources that will be used to satisfy the performance obligation under the contract, and (iii) are expected to be recovered through revenue generated under the contract. Provisions for estimated losses, if any, on uncompleted contracts are recorded in the period in which such losses become probable based on the current contract estimates. As of June 30, 2024 and December 31, 2023, the Company had no deferred contract costs. Contract liabilities are recognized if the Company receives consideration prior to satisfying the performance obligations, which include customer advances and deferred revenue under operation service arrangements. As of June 30, 2024 and December 31, 2023, the Company had customer advances of $4,473,963 and $239,073, respectively. Customer advances of $239,073 and $219,431 as of December 31, 2023 and 2022 were recognized as revenues in the six months ended June 30, 2024 and 2023, respectively. The Company expects to recognize the customer advances of $4,473,963 as of June 30, 2024 in the twelve months ending June 30, 2025. For the six months ended June 30, 2024 and 2023, the Company disaggregate revenue into two revenue streams as the following table: For the Six Months Ended 2024 2023 Revenues Sales of cosmetics and other beauty products $ 60,891,362 $ 79,302,579 Provision of operation services 1,859,909 2,361,322 Total revenue $ 62,751,271 $ 81,663,901 The Company disaggregates revenue by timing of revenues recognition as the following table: For the Six Months Ended 2024 2023 Revenues Goods transferred at a point in time $ 60,891,362 $ 79,302,579 Services transferred over time 1,859,909 2,361,322 Total revenue $ 62,751,271 $ 81,663,901 (h) Recently issued accounting standards In December 2023, the FASB issued ASU 2023-09, which is an update to Topic 740, Income Taxes. The amendments in this update related to the rate reconciliation and income taxes paid disclosures improve the transparency of income tax disclosures by requiring (1) adding disclosures of pretax income (or loss) and income tax expense (or benefit) to be consistent with U.S. Securities and Exchange Commission (SEC) Regulation S-X 210.4-08(h), Rules of General Application—General Notes to Financial Statements: Income Tax Expense, and (2) removing disclosures that no longer are considered cost beneficial or relevant. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2024. For entities other than public business entities, the amendments are effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments in this Update should be applied on a prospective basis. Retrospective application is permitted. In July 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in ASU 2023-07 improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The adoption of this guidance did not have a material impact on its financial position, results of operations and cash flows. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements — codification amendments in response to SEC’s disclosure Update and Simplification initiative which amend the disclosure or presentation requirements of codification subtopic 230-10 Statement of Cash Flows—Overall, 250-10 Accounting Changes and Error Corrections— Overall, 260-10 Earnings Per Share— Overall, 270-10 Interim Reporting— Overall, 440-10 Commitments—Overall, 470-10 Debt—Overall, 505-10 Equity—Overall, 815-10 Derivatives and Hedging—Overall, 860-30 Transfers and Servicing—Secured Borrowing and Collateral, 932-235 Extractive Activities— Oil and Gas—Notes to Financial Statements, 946-20 Financial Services— Investment Companies— Investment Company Activities, and 974-10 Real Estate—Real Estate Investment Trusts—Overall. The amendments represent changes to clarify or improve disclosure and presentation requirements of above subtopics. Many of the amendments allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the SEC’s requirements. Also, the amendments align the requirements in the Codification with the SEC’s regulations. For entities subject to existing SEC disclosure requirements or those that must provide financial statements to the SEC for securities purposes without contractual transfer restrictions, the effective date aligns with the date when the SEC removes the related disclosure from Regulation S-X or Regulation S-K. Early adoption is not allowed. For all other entities, the amendments will be effective two years later from the date of the SEC’s removal. The Company does not believe the above referenced recently issued but not yet effective accounting standards, if currently adopted, would have a material impact on its the unaudited condensed consolidated financial position, statements of operations and comprehensive (loss) income and cash flows. (i) Significant risks and uncertainties 1) Credit risk Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash and cash equivalents, accounts receivable and amounts due from related parties. The maximum exposure of such assets to credit risk is their carrying amount as at the balance sheet dates. As of June 30, 2024, the Company held cash and cash equivalents of $9,054,254, among which $7,919,359 were deposited in financial institutions located in Hong Kong, $977,198 were deposited in financial institutions located in Mainland China, and the remaining were deposited in Singapore and the United States. Each bank account in Mainland China is insured by the government authority with the maximum limit of RMB 500,000 (equivalent to approximately $69,300), while the bank accounts in Hong Kong, are not insured. To limit exposure to credit risk relating to deposits, the Company primarily place cash and cash equivalent deposits with large financial institutions in the PRC and Hong Kong which management believes are of high credit quality and the Company also continually monitors their credit worthiness. The risk with respect to accounts receivable and amounts due from related parties is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring processes of outstanding balances. Most of the Company’s operations are carried out in Hong Kong, while partial of the Company’s business is conducted in mainland China. As mainland China government has exerted more oversight in Hong Kong, the Company’s business, financial condition and results of income may be influenced by the political, economic and legal environments in the PRC as well as by the general state of the PRC’s economy. In addition, the Company’s business may be influenced by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, rates and methods of taxation among other factors. 2) Foreign currency risk Substantially all of the Company’s operating activities and the Company’s assets and liabilities are denominated in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the Peoples’ Bank of China (“PBOC”) or other authorized financial institutions at exchange rates quoted by PBOC. Approval of foreign currency payments by the PBOC or other regulatory institutions requires submitting a payment application form together with suppliers’ invoices and signed contracts. The value of RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market.

Prepayments and Other Assets, C

Prepayments and Other Assets, Current and Non-Current	6 Months Ended
Prepayments and Other Assets, Current and Non-Current	Jun. 30, 2024
Prepayments and Other Assets, Current and Non-Current [Abstract]
PREPAYMENTS AND OTHER ASSETS, CURRENT AND NON-CURRENT	3. PREPAYMENTS AND OTHER ASSETS, CURRENT AND NON-CURRENT Prepayments and other current assets consist of the following: June 30, December 31, Prepayments and other current assets Prepayments to suppliers (a) $ 3,661,313 $ 1,021,007 Prepaid marketing and advertising expenses (b) 749,938 959,479 Tax recoverable 750,469 54,794 Loans to a third party (c) 500,218 500,051 Due from a supplier (d) 401,586 254,597 Compensation receivable (e) 199,141 398,150 Others 491,726 98,501 $ 6,754,391 $ 3,286,579 Other non-current assets Long-term deposits (f) 1,090,023 1,214,903 Others — 50,066 $ 1,090,023 $ 1,264,969 (a) The balances represented advances to suppliers for purchase of cosmetics and other beauty products. (b) The balances represented advances for purchase of online advertising services, which was generally amortized to selling and marketing expenses within three months. (c) During the year ended December 31, 2023, the Company made loans to certain third parties to support their working capital. The loans were interest-free and repayable on demand. As of December 31, 2023, the outstanding loans receivable from a third party amounted to $500,051. During the six months ended June 30, 2024, the Company did not make loans to or collected loans from third parties, and the movement in the balance was due to change in exchange rates. The Company expected to collect the outstanding balance within 12 months. (d) To strengthen the supplier relationship, the Company assists the suppliers with online marketing campaigns to promote their products. The Company prepaid the advertising service fees to media, and charged the media cost from the suppliers. As of the date of this report, the outstanding balance as of June 30, 2024 has been fully collected. (e) As of June 30, 2024 and December 31, 2023, the Company had compensation receivable due from one supplier. The compensation receivable arose from quality issues of cosmetic products, and the supplier agreed to make cash compensation. For the six months ended June 30, 2024, the Company negotiated with the supplier regarding the amount of compensation and wrote off compensation receivable of $198,866. (f) The long-term deposits represented deposits made to certain marketplaces on which the Company sells cosmetic products. The deposits are repayable upon termination of corporation with the marketplaces. Pursuant to the agreements with marketplaces, the corporation terms were generally ranged between two and three years.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
Property and Equipment, Net	Jun. 30, 2024
Property and Equipment, Net [Abstract]
PROPERTY AND EQUIPMENT, NET	4. PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following: June 30, December 31, Vehicles $ 498,635 $ 510,385 Office equipment 352,917 360,740 Leasehold improvement 474,901 486,091 Less: accumulated depreciation (784,070 ) (680,570 ) $ 542,383 $ 676,646 Depreciation expense was $120,029 and $83,493 for the six months ended June 30, 2024 and 2023, respectively.

Short-Term Borrowngs

Short-Term Borrowngs	6 Months Ended
Short-Term Borrowngs	Jun. 30, 2024
Short-Term Borrowngs [Abstract]
SHORT-TERM BORROWNGS	5. SHORT-TERM BORROWNGS June 30, December 31, Short-term borrowings from financial institutions other than banks $ 4,866,616 $ 671,355 Short-term borrowings from banks 2,792,400 2,213,164 $ 7,659,016 $ 2,884,519 Short-term borrowings from financial institutions other than banks During the six months ended June 30, 2024 and 2023, the Company entered into loan agreements with one and two financial institutions, respectively. Pursuant to the loan agreements, the Company borrowed $4,859,894 and $9,732,979 from these financial institutions with maturity dates due through May 2025. The borrowings bore interest rates ranging between 6.0% and 12.3% per annum. For the six months ended June 30, 2024 and 2023, the Company repaid borrowings of $ nil Short-term borrowings from banks In the year of 2022, the Company entered into one credit revolving loan agreement with one bank, which was subsequently renewed in May 2024. For the six months ended June 30, 2024 and 2023, the Company borrowed $18,890,241 and $30,443,701, respectively, from the bank with maturity dates due through May 2025. The borrowings bore interest rate of 3.5% per annum. For the six months ended June 30, 2024 and 2023, the Company repaid borrowings of $18,701,792 and $29,835,664, respectively, to the bank. During the six months ended June 30, 2023, the Company entered into one additional loan agreement with another bank, pursuant to which the Company borrowed $288,671 with maturity date in March 2024. The borrowing bore interest rate of 4.0% per annum. For the six months ended June 30, 2024, the Company fully repaid the bank borrowing of $277,200 on maturity date.

Operating Lease

Operating Lease	6 Months Ended
Operating Lease	Jun. 30, 2024
Operating Lease [Abstract]
OPERATING LEASE	6. OPERATING LEASE As of June 30, 2024, the Company leases office spaces in the PRC under non-cancelable operating leases, with terms ranging between 24 months and 36.5 months. The Company considers those renewal or termination options that are reasonably certain to be exercised in the determination of the lease term and initial measurement of right of use assets and lease liabilities. Lease expense for lease payment is recognized on a straight-line basis over the lease term. The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the leases do not provide a readily determinable implicit rate. Therefore, the Company discount lease payments based on an estimate of the incremental borrowing rate. For operating leases that include rent holidays and rent escalation clauses, the Company recognizes lease expense on a straight-line basis over the lease term from the date it takes possession of the leased property. The Company records the straight-line lease expense and any contingent rent, if applicable, in general and administrative expenses on the unaudited condensed consolidated statements of operations and comprehensive (loss) income. The corporate office lease also requires the Company to pay real estate taxes, common area maintenance costs and other occupancy costs which are included in the general and administrative expenses on the unaudited condensed consolidated statements of operations and comprehensive (loss) income. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. For short-term leases, the Company records operating lease expense in its unaudited condensed consolidated statements of operations and comprehensive (loss) income on a straight-line basis over the lease term and record variable lease payments as incurred. The table below presents the operating lease related assets and liabilities recorded on the unaudited condensed consolidated balance sheets. June 30, December 31, Right of use assets $ 1,415,033 $ 1,680,547 Operating lease liabilities, current 752,429 761,904 Operating lease liabilities, noncurrent 638,711 1,003,943 Total operating lease liabilities $ 1,391,140 $ 1,765,847 Other information about the Company’s leases is as follows: For the Six Months Ended June 30, 2024 2023 Operating cash flows used in operating leases $ 376,638 $ 293,214 Weighted average remaining lease term (years) 1.81 2.33 Weighted average discount rate 4.75 % 4.75 % For the six months ended June 30, 2024 and 2023, operating lease expenses were $350,008 and $488,348, respectively, among which short-term rental expenses were $6,798 and $44,929, respectively. The following is a schedule, by period/year, of maturities of lease liabilities as of June 30, 2024: June 30, For the six months ending December 31, 2024 $ 439,300 For the year ending December 31, 2025 796,179 For the year ending December 31, 2026 217,140 Total lease payments 1,452,619 Less: Imputed interest (61,479 ) Present value of lease liabilities $ 1,391,140

Long-Term Borrowings

Long-Term Borrowings	6 Months Ended
Long-Term Borrowings	Jun. 30, 2024
Short-Term Borrowngs [Abstract]
LONG-TERM BORROWINGS	7. LONG-TERM BORROWINGS On March 22, 2024, the Company entered into a Loan Agreement (the “Loan Agreement”) with High West Capital Partners, LLC (the “Lender”), pursuant to which the Lender agrees to lend to the Company (the “Loan”) amounts to be paid in four tranches. The amount of each tranche of the Loan is adjusted depending on the trading price of the Company’s Class B Ordinary Shares. The first tranche, paid on March 28, 2024, provides the Company with loan proceeds of approximately $588,888; the second tranche, paid on April 9, 2024, provides the Company with loan proceeds of approximately $681,828; the third and final tranche, paid on April 18, 2024, provides the Company with loan proceeds of approximately $909,978. Each tranche of the Loan has a maturity of five years from the date the tranche is extended and an interest of 5.05% per annum to be paid by the Company to the Lender in semi-annual installments. As of June 30, 2024, the Company had long-term borrowings of approximately $2,180,694.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Taxes [Abstract]
INCOME TAXES	8. INCOME TAXES Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed. Singapore The Company is subject to corporate income tax for its business operation in Singapore. Tax on corporate income is imposed at a flat rate of 17%. Hong Kong Ableview Brands, Ableview Management, and Able View are incorporated in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate for the first HKD$2 million of assessable profits is 8.25% and assessable profits above HKD$2 million will continue to be subject to the rate of 16.5% for corporations in Hong Kong, effective from the year of assessment 2018/2019. Before that, the applicable tax rate was 16.5% for corporations in Hong Kong. PRC Weitong, Beijing Jingyuan, Shanghai Jingyue, Shanghai Jinglu, Shanghai Jingnan, Zhejiang Jingxiu and CSS Shanghai are subject to PRC Corporate Income Tax (“CIT”) on the taxable income in accordance with the relevant PRC income tax laws. Effective from January 1, 2008, the PRC’s statutory, Enterprise Income Tax (“EIT”) rate is 25%. Beijing Jingyuan, Shanghai Jinglu, Shanghai Jingnan, Zhejiang Jingxiu and CSS Shanghai are qualified as small and micro-sized enterprises (“SMEs”) in the year ended December 31, 2023. In accordance with the implementation rules of EIT Law, SMEs are entitled to a 75% reduction on the EIT rate of 20% for the first RMB3,000,000 taxable income, and no reduction for the remaining taxable income for the six months ended June 30, 2024 and 2023. The components of the (loss) income before income taxes are as follows: For the Six Months Ended 2024 2023 PRC subsidiaries $ (7,311,120 ) $ (1,115,363 ) Hong Kong and Cayman subsidiaries (1,489,911 ) 7,833,698 Singapore subsidiary 7,471 (46,944 ) $ (8,793,560 ) $ 6,671,391 For the six months ended June 30, 2024 and 2023, the income tax benefits (expenses) were comprised of the following: For the Six Months Ended 2024 2023 Current income tax expense $ (97,184 ) $ (1,321,854 ) Deferred income tax benefits 2,554,865 299,220 $ 2,457,681 $ (1,022,634 ) Deferred tax assets and deferred tax liabilities as of June 30, 2024 and December 31, 2023 consist of the following: June 30, December 31, Deferred tax assets: Net operating losses carryforwards $ 3,408,471 $ 2,338,356 Excess advertising expenses 355,755 — Impairment of inventories 1,102,932 — Operating lease liabilities 347,319 441,462 Total deferred tax assets, gross 5,214,477 2,779,818 Less: valuation allowance (28,342 ) (30,410 ) $ 5,186,135 $ 2,749,408 Deferred tax liabilities Operating lease right-of-use assets $ 353,059 $ 420,137 $ 353,059 $ 420,137 Movement of valuation allowance of deferred tax assets for the six months ended June 30, 2024 and 2023 were as the following: For the Six Months Ended 2024 2023 Opening balance $ 30,410 $ 81,232 Reversal (2,068 ) (3,966 ) Ending balance $ 28,342 $ 77,266 As of June 30, 2024, the Company had net operating loss carrying forwards of $13,284,211 from the Company’s PRC subsidiaries, which will expire from calendar years 2028 through 2029, if not utilized. As of June 30, 2024, the Company had net operating loss carrying forwards of $1,286,616 from the Company’s Hong Kong subsidiaries, which will be carried forward indefinitely to offset future profits of the Company’s Hong Kong subsidiaries. As of June 30, 2024, the Company had net operating loss carrying forwards of $167,748 from the Company’s Singapore subsidiary, which will be carried forward indefinitely to offset future profits of the Company’s Singapore subsidiary. The Company evaluates its valuation allowance requirements at end of each reporting period by reviewing all available evidence, both positive and negative, and considering whether, based on the weight of that evidence, a valuation allowance is needed. When circumstances cause a change in management’s judgement about the realizability of deferred tax assets, the impact of the change on the valuation allowance is generally reflected in income from operations. The future realization of the tax benefit of an existing deductible temporary difference ultimately depends on the existence of sufficient taxable income of the appropriate character within the carryforward period available under applicable tax law. The Company reviews deferred tax assets for a valuation allowance based upon whether it is more likely than not that the deferred tax asset will be fully realized. As of June 30, 2024 and December 31, 2023, valuation allowance of $28,342 and $30,410 was provided against deferred tax assets arising from net operation losses carryforwards as the Company assessed that it was more likely than not that that the net operating losses would not be fully utilized before expiration. The Company operates its business through its subsidiaries. The Company does not file consolidated tax returns, therefore, losses from individual subsidiaries may not be used to offset other subsidiaries’ earnings within the Company. Valuation allowance is considered on each individual subsidiary basis. Uncertain tax positions In October 2024, Able View Brands (“Brands”) received a comment letter from Hong Kong IRS regarding certain deductible expenses claimed in its annual tax return for the year of 2023. Such expenses were related to intra-group services provided to Brands by certain PRC subsidiaries. Brands is in the process of preparing a response letter to provide supporting evidence to Hong Kong IRS. The deadline for the response is January 25, 2025, after which day the Hong Kong IRS may review the evidence and determine if, and to what extent, the aforementioned expenses can be approved for tax deduction. Based on information available up to date, the Company cannot reasonably assess the outcome of Hong Kong IRS’s review result. Therefore, the financial impact of this matter, if any, cannot be reasonably estimated at present. Other than the above, as of June 30, 2024 and December 31, 2023, the Company did not have any unrecognized uncertain tax positions and the Company does not believe that its unrecognized tax benefits will change over the next twelve months. For the six months ended June 30, 2024 and 2023, the Company did not incur any interest and penalties related to potential underpaid income tax expenses. As of June 30, 2024, the tax years ended December 31, 2019 through 2023 for the Company’s subsidiaries in the PRC are generally subject to examination by the PRC tax authorities. The tax years ended December 31, 2020 through 2023 for the Company’s subsidiary in the Singapore is generally subject to examination by the Singapore tax authorities. The tax years ended December 31, 2018 through 2023 for the Company’s subsidiaries in Hong Kong are generally subject to examination by the Hong Kong tax authorities.

Equity

Equity	6 Months Ended
Equity	Jun. 30, 2024
Equity [Abstract]
EQUITY	9. EQUITY Ordinary shares The Company is authorized to issue 100,000,000 Class A Ordinary Shares and 500,000,000 Class B Ordinary Shares with a par value of $0.0001 per share. Holders of Class A Ordinary Shares are entitled to 10 votes for each share. Holders of Class B Ordinary Shares are entitled to one vote for each share. Each Class A ordinary share is convertible into one Class B ordinary share at any time at the option of the holder thereof. Class B ordinary shares are not convertible into Class A ordinary shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class A ordinary shares by a holder to any person or entity which is not an affiliate of such holder, such Class A ordinary shares shall be automatically and immediately converted into the equivalent number of Class B ordinary shares. Holders of Class A ordinary shares and Class B ordinary shares will be entitled to the same amount of dividends, if declared. As part of the business combination between the Company and HMAC, the Company issued 2,923,999 Class B ordinary shares to the shareholders of HMAC, among which 1,725,000 Class B ordinary shares were issued to the sponsor of HMAC, 375,650 Class B ordinary shares were issued to private shareholders, and 823,349 Class B ordinary shares were issued to public shareholders. The Company engaged a third party financial advisor in connection with a business combination to assist the Company in locating target businesses, holding meetings with its shareholders to discuss a potential business combination and the target business’ attributes, introduce the Company to potential investors that are interested in purchasing securities, assist the Company in obtaining shareholder approval for the business combination and assist the Company with its press releases and public filings in connection with a Business Combination. The Company agreed to pay the financial advisor certain cash consideration and share consideration of 1,120,000 Class B Ordinary Shares as service fees. On August 18, 2023, the Company issued 1,120,000 Class B Ordinary Shares to the financial advisor. The fair value of 1,120,000 Class B Ordinary Shares were $6,160,000, calculated at $5.5 pers share by reference to the closing price on August 18, 2023. On December 22, 2023, the Company entered into a Buy-Sell Agreement with Ladenburg Thalmann & Co. Inc. (“LT”), pursuant to which the Company shall purchase a total of 721,250 Class B Ordinary Shares LT held for $1,298,250. The repurchases were completed in three equal installments by March 1, 2024. On December 29, 2023, January 29, 2024 and February 29, 2024, the Company repurchased and cancelled 240,417, 240,417 and 240,417 shares of Class B Ordinary Shares, respectively. As of June 30, 2024, the Company had 24,871,433 Class A Ordinary Shares and 16,766,549 Class B Ordinary Shares issued and outstanding. Declaration of dividends For the six months ended June 30, 2024 and 2023, the Company did not declare dividends. For the six months ended June 30, 2024 and 2023, the Company paid dividends of $57,552 and $57,402 to three shareholders. As of June 30, 2024 and December 31, 2023, the Company had declared but unpaid dividends of $15,705,913 and $15,758,296, respectively, to shareholders whose holding of beneficiary shares exceeded 5% (Note 11). As of June 30, 2024 and December 31, 2023, the Company had declared but unpaid dividends of $1,006,068 and $1,005,733, respectively, to shareholders whose holding of beneficiary shares was below 5%. According to PRC laws and regulations, after-tax profit can be distributed after a portion of net income has been set aside to fund certain reserve funds. The board of directors will have the discretion to declare and pay dividends in the future, subject to applicable PRC regulations and Hong Kong regulations and restrictions. Payment of dividends in the future will depend upon our earnings, capital requirements, and other factors, which our board of directors may deem relevant. Restricted net assets The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by PRC subsidiaries only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations and after it has met the PRC requirements for appropriation to statutory reserves. Paid in capital of the PRC subsidiaries included in the Company’s consolidated net assets are also non-distributable for dividend purposes. The results of income reflected in the accompanying unaudited condensed consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries. The Company is required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition, the Company may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. The statutory reserve is required to set aside annually. As of June 30, 2024 and December 31, 2023, the Company’s PRC profit generating subsidiaries had statutory reserve funds of $158,027 and $135,369, respectively. As of June 30, 2024 and December 31, 2023, the Company had net restricted assets of $1,027,562 and $1,027,562, which represented paid-in capital and statutory reserves that are included in the Company’s consolidated net assets. Public Warrants Pursuant to HMAC’s initial public offering on August 10, 2022, HMAC sold 6,900,000 units (the “Public Units”). Each holder of a warrant is entitled to purchase one ordinary share at an exercise price of $11.50. Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will expire five years from the consummation of a business combination or earlier upon redemption or liquidation. The Public Warrants became exercisable after the consummation of a business combination between the Company and HMAC on August 17, 2023. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. The Company may call the warrants for redemption, in whole and not in part, at a price of $0.01 per warrant: ● upon not less than 30 days’ prior written notice of redemption to each warrant holder, ● if, and only if, the reported last sale price of the ordinary share equals or exceeds $18 per share, for any 20 trading days within a 30 trading days period ending on the third trading day prior to the notice of redemption to Public Warrant holders, and ● if, and only if, there is a current registration statement in effect with respect to the issuance of the ordinary share underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. If the Company calls the warrants for redemption, management will have the option to require all holders that wish to exercise the warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. As the Public Warrants meet the criteria for equity classification under ASC 480 and ASC 815, therefore, the warrants are classified as equity. Private Warrants Simultaneously with the closing of the initial public offering of HMAC, HAMC also sold 341,500 Private Placement Units in a private placement. Each Private Placement Unit consists of one ordinary share (“private placement share”), one redeemable warrant (“Private Warrant”) and one right (“Private Right”) to receive one-tenth (1/10) of one ordinary share. Each Private Warrant entitles the holder to purchase one ordinary share at an exercise price of $11.50 per whole share. Each Private Right entitles the holder to receive one-tenth (1/10) of one ordinary share upon consummation of the business combination. The Private Placement Units are identical to the Public Units being sold in the initial public offering of HMAC except that Private Placement Units will not be transferable, assignable or saleable until 30 days after the completion of the business combination and will be entitled to registration rights. As the Private Warrants meet the criteria for equity classification under ASC 480 and ASC 815, therefore, the warrants are classified as equity. Public Rights and Private Rights Each holder of a public right and private right will automatically receive one-tenth (1/10) of an ordinary share upon consummation of a business combination, even if the holder of a public right converted all ordinary shares held by him, her or it in connection with a business combination or an amendment to the Company’s Amended and Restated Memorandum and Articles of Association with respect to its pre-business combination activities. Upon the closing of the business combination of the Company and HMAC, the Company issued 690,000 Class B Ordinary Shares and 34,150 Class B Ordinary Shares in connection with an exchange of public rights and private rights, respectively. The Company recorded the issuance of Class B Ordinary Shares at par value with corresponding account charged to additional paid-in capital.

(Loss) Earnings Per Share

(Loss) Earnings Per Share	6 Months Ended
(Loss) Earnings Per Share	Jun. 30, 2024
Earnings Per Share [Abstract]
(LOSS) EARNINGS PER SHARE	10. (LOSS) EARNINGS PER SHARE On May 11, 2022, the Company closed an issuance of 15,750 Series A Convertible Redeemable Preferred Shares (“Preferred Shares”) to a third party, at a per share price of $190.4762. The Company raised $3,000,000 from the issuance of Preferred Shares. The Series A Convertible Redeemable Preferred Shares were converted into 582,924 Class B Ordinary Shares on August 18, 2023, when the Company’s Class B Ordinary Shares commenced trading on NASDAQ. Holders of Class A ordinary shares and Class B ordinary shares will be entitled to the same amount of dividends, if declared. The (loss) earnings per Class A ordinary shares and (loss) earnings per Class B ordinary shares are the same. The following table sets forth the computation of basic and diluted (loss) earnings per share for the six months ended June 30, 2024 and 2023: For the Six Months Ended 2024 2023 Net (loss) income $ (6,335,879 ) $ 5,648,757 Accretion of convertible redeemable preferred shares — (120,000 ) Net income attributable to Able View Global Inc’s preferred shareholders — (85,728 ) Net (loss) income attributable to Able View Global Inc’s ordinary shareholders $ (6,335,879 ) $ 5,443,029 (Loss) earnings per share – basic and diluted $ (0.15 ) $ 0.14 Weighted average shares – basic and diluted 41,755,549 37,732,310 For the six months ended June 30, 2024 and 2023, the outstanding convertible redeemable preferred shares and warrants (Note 9), including Public Warrants and Private Warrants, were excluded from the calculation of diluted net (loss) earnings per ordinary share, as their inclusion would have been anti-dilutive for the periods prescribed. For the six months ended June 30, 2024, the earnout shares (Note 13) were excluded from the calculation of diluted net earnings per ordinary share, as the Company expected that it would not meet the performance target for the year ending December 31, 2024.

Related Party Transactions and

Related Party Transactions and Balances	6 Months Ended
Related Party Transactions and Balances	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	11. RELATED PARTY TRANSACTIONS AND BALANCES 1) Nature of relationships with related parties The table below sets forth the major related parties and their relationships with the Company, with which the Company entered into transactions during six months ended June 30, 2024 and 2023, or recorded balances as of June 30, 2024 and December 31, 2023. Name Relationship with the Company Mr. Zhu Jian Chief Executive Officer and, Director and 59.1% beneficial owner of the Company Mr. Wang Jun 10.6% beneficial owner of the Company Mr. Tang Jing Chief Financial Officer and 5.1% beneficial owner of the Company Mr. Tang Yuhua An immediate family member of Mr. Tang Jing Mr. Wang Jixiang An immediate family member of Mr. Wang Jun Healthy Great Investing Company Limited (“Healthy Great”) Wholly owned by Mr. Zhu Jian Smartest Star Investing Company Limited (“Smartest Star”) Wholly owned by Mr. Wang Jun Scenery Investing Company Limited (“Scenery”) Wholly owned by Mr. Tang Jing Skinist Global Company Limited (“Skinist Global”) Company controlled by Mr. Wang Jun Skinist Global Cosmetics (Shanghai) Co., Ltd. (“Skinist Shanghai”) Company controlled by Mr. Wang Jun Shanghai Yingtian Financial Information Service Co., Ltd. (“Ying Tian”) Company controlled by Mr. Zhu Jian and Mr. Tang Jing Shanghai Jingqi Developing Co., Ltd. (“Jingqi”) Company controlled by Mr. Zhu Jian Shanghai Jingrong Information Co., Ltd. (“Jingrong”) Company controlled by Mr. Tang Jing Shanghai Youshan Corporate Consulting Co., Ltd. (“Youshan”) Company controlled by Ms. Mu Xuemei, the director of the Company Shanghai Jiantong Trade Center (“Jian Tong”) Company controlled by Mr. Wang Jun Shanghai Shilin Advertising Co., Ltd. (“Shi Lin”) Company controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company Shanghai Tengxin Advertising Co., Ltd. (“Teng Xin”) Company controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company Shanghai Yuancheng Advertising Co., Ltd. (“Yuancheng”) Company controlled by Mr. Wang Jun Shanghai Zhimeisi Beauty Technology Co., Ltd (“Zhi Mei Si”) A Company over which Mr. Zhu Jian exercises significant influence Shanghai Libo Medical Beauty Clinic Co., Ltd (“Li Bo”) A Company controlled by Zhi Mei Si 2) Transactions with related parties For the Six Months Ended June 30, 2024 2023 Sales of products to related parties Skinist Global $ 77,193 $ — Purchase of products from related parties Youshan $ 3,154,511 $ — Rental expenses charged by related parties Jingqi (1) $ — $ 13,218 Service fees charged by related parties Jingqi $ — $ 2,139 Jingrong — 43,301 $ — $ 45,440 Payment of dividends Mr. Zhu Jian $ 19,184 $ 19,134 Mr. Wang Jun 19,184 19,134 Mr. Tang Jing 19,184 19,134 Payment of dividends $ 57,552 $ 57,402 (1) In March 2021, the Company extended the office sub-lease agreement to February 2023. Jingqi charges the Company a monthly rental fee of approximately $12,887 and a monthly property management fee of approximately $2,085. (Advances to) Collection of advances from related parties During the six months ended June 30, 2024 and 2023, the Company made loans of $ nil For the Six Months Ended June 30, 2024 2023 Advances Collection of Advances Collection of Skinist Global $ — $ — $ (1,673,674 ) $ 1,465,822 Jingqi — — (163,100 ) — Skinist Shanghai — 18,311 (48,962 ) 271,148 $ — $ 18,311 $ (1,885,736 ) $ 1,736,970 Borrowings from (Repayment of Borrowings to) related parties For the Six Months Ended June 30, 2024 2023 Borrowings Repayment Borrowings Repayment Skinist Global (1) $ 3,100,046 $ (3,093,916 ) $ 1,944,020 $ — Ying Tian (1) 2,533,392 (4,129,493 ) — — Teng Xin (1) 1,386,001 (1,459,464 ) 216,503 (216,503 ) Shi Lin (1) 1,335,008 — 379,602 (2,025,461 ) Zhi Mei Si (1) 575,191 (575,191 ) — — Li Bo (1) 442,134 (442,134 ) — — Skinist Shanghai 54,053 (54,053 ) — — Jian Tong — (2,663,247 ) Yuancheng (1) — — 1,443,356 — Mr. Wang Jun (1) 20,641 (39,041 ) — — Mr. Tang Jing (1) 20,641 (72,706 ) — — Mr. Zhu Jian (1) 18,968 (66,888 ) — (1,443,356 ) Mr. Tang Yuhua (1) — (76,133 ) 1,563,154 (526,825 ) Mr. Wang Jixiang (1) — (237,933 ) 288,672 — $ 9,486,075 $ (12,910,199 ) $ 5,835,307 $ (4,212,145 ) (1) During the six months ended June 30, 2024 and 2023, the Company borrowed $9,486,075 and $5,835,307 from these related parties, respectively. The borrowings were interest free, and outstanding loans are repayable within twelve months from borrowings. 3) Balances with related parties As of June 30, 2024 and December 31, 2023, the balances with related parties were as follows: — Due from related parties June 30, December 31, Other receivable Skinist Shanghai $ — $ 18,311 — Due to related parties, current June 30, December 31, Other Payable Mr. Zhu Jian $ 430,961 $ 478,880 Skinist Global 6,130 — Teng Xin — 73,463 Total $ 437,091 $ 552,343 — Due to related parties, non-current June 30, December 31, Dividends payable (1) Healthy Great $ 4,962,933 $ 4,980,486 Smartest Star 1,093,038 1,111,877 Scenery 410,778 429,845 Mr. Zhu Jian 6,914,936 6,912,634 Mr. Wang Jun 1,319,890 1,319,451 Mr. Tang Jing 1,004,338 1,004,003 15,705,913 15,758,296 Other payable (2) Ying Tian — 1,596,102 Jian Tong 272,006 2,935,253 Mr. Tang Yuhua 3,230,956 3,307,089 Mr. Tang Jing 1,414,575 1,447,908 Mr. Wang Jixiang 1,131,502 1,369,435 Shi Lin 1,335,008 — 7,384,047 10,655,787 Total $ 23,089,960 $ 26,414,083 (1) As of June 30, 2024 and December 31, 2023, the dividends payable represented the declared but unpaid dividends to the shareholders. During the six months ended June 30, 2024, the shareholders agreed to extend the payments of dividends to January 2026 and the Company classified the balance to “due to related parties, non-current”. (2) As of June 30, 2024 and December 31, 2023, the other payables represented borrowings from the related parties. The borrowings were interest free and repayable in January 2025. During the six months ended June 30, 2024, the related parties agreed to extend the payments of borrowings to January 2026 and the Company classified the balance to “due to related parties, non-current”.

Concentration

Concentration	6 Months Ended
Concentration	Jun. 30, 2024
Concentration [Abstract]
CONCENTRATION	12. CONCENTRATION Customer concentration For the six months ended June 30, 2024 and 2023, the following customers contributed revenues that were over 10% of total net revenues for the relevant periods. Customers accounting for 10% or more of the Company’s net revenues were as follows: For the Six Months Ended June 30, 2024 2023 Customer A 30 % * Customer B 15 % * Customer C * 22 % Customer D * 29 % As of June 30, 2024 and December 31, 2023, accounts receivable due from the following customers were over 10% of consolidated accounts receivable. The details are as follows: June 30, December 31, Customer A 25 % 13 % Customer C * 11 % Customer D 30 % 30 % Customer E 13 % * Vendor concentration For the six months ended June 30, 2024 and 2023, the Company purchased products from the following vendors who charged over 10% of total cost of revenues for the relevant period, which include both brand partners and product distributors who distribute products from certain brands to us. Vendors accounting for 10% or more of the Company’s cost of revenues were as follows: For the Six Months Ended June 30, 2024 2023 Vendor A 43 % 38 % Vendor B 25 % 35 % As of June 30, 2024 and December 31, 2023, accounts payable due to the following vendors were over 10% of consolidated accounts payable. The details are as follows: June 30, December 31, Vendor C 36 % 69 % Vendor D 28 % 16 % Vendor E 18 % 10 % * Less than 10%

Contingent Consideration

Contingent Consideration	6 Months Ended
Contingent Consideration	Jun. 30, 2024
Contingent Consideration [Abstract]
CONTINGENT CONSIDERATION	13. CONTINGENT CONSIDERATION In connection with the Business Combination, the Company is obliged to make earn out payments to the management of the Company consisting of up to an additional 1,600,000 of the Company’s Class B Ordinary Shares if the Company’s net revenues for the year ended December 31, 2023 is equal to or in excess of $170 million, and an additional 1,600,000 of the Company’s Class B Ordinary Shares if the Company’s net revenues for the year ended December 31, 2024 is equal to or in excess of $200 million (“Earn Out Shares”). The Earn Out Shares are determined as contingent consideration in connection with the reverse recapitalization. In addition, the issuance of Earn Out Shares does not meet any condition to be classified as a liability under ASC 815, thus it should be classified as an equity financial instrument, and measure at fair value using the quoted market price on grant date, August 17, 2023 which is $5.85 per share. The Company did not meet the net revenues target for the year ended December 31, 2023. As of the date of this report, the Company assessed that it is not likely that the Company would meet the performance condition for the year of 2024.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Contingent Consideration [Abstract]
COMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES From time to time, the Company may be subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although the outcomes of these legal proceedings cannot be predicted, the Company does not believe these actions, in the aggregate, will have a material adverse impact on its financial position, results of income or liquidity.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS In September 2024, the Company entered into Convertible Note Purchase Agreements (the “Agreements”) with three (3) non-U.S. investors (the “Purchasers”). Pursuant to the Agreements, the Company has issued and sold to the Purchasers convertible notes (the “Notes”) with aggregate principal amount of US$5,000,000, interest rate of 8% per annum, original issue discount of 20%, and maturity of three (3) years. The Notes are convertible into Class B Ordinary Shares of the Company (the “Conversion Shares”) at the option of the Purchasers, at a conversion price (the “Conversion Price”) of the higher of (i) 75% of the lowest volume-weighted average trading price of the Class B Ordinary Shares during the ten (10) latest consecutive business days preceding the conversion, and (ii) $0.6 per Class B Ordinary Share. In addition, the Company will issue the Purchasers warrants to purchase one (1) Class B Ordinary Share per Conversion Share (the “Conversion Warrants”) upon the conversion of the Notes, with the exercise price of such Conversion Warrants the same as the Conversion Price of the Notes. As of the date of this report, the Company has collected proceeds from the Notes. On November 4, 2024, the Company closed its previously announced issuance and sale of certain convertible notes (the “Notes”) to three (3) non-U.S. investors. On November 20, 2024, the Company received conversion notice from the purchasers. On November 25, 2024, the Company issued an aggregation of 7,751,939 Class B Ordinary Shares and 7,751,939 Conversion Warrants to three Purchasers at conversion price of $0.645 per share. The Company evaluated subsequent events through the date of issuance of the unaudited condensed consolidated financial statements, and the management determined that other than those that have been disclosed in the unaudited condensed consolidated financial statements and subsequent events disclosed above, no subsequent events that require recognition and disclosure in the unaudited condensed consolidated financial statements.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
Accounting Policies, by Policy (Policies)	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	(a) Basis of Presentation The interim unaudited condensed consolidated financial statements are prepared and presented in accordance with accounting principles generally accepted in the United States (“US GAAP”). The unaudited condensed consolidated financial information as of June 30, 2024 and six months ended June 30, 2024 and 2023 has been prepared pursuant to the rules and regulations of the SEC and pursuant to Regulation S-X. Certain information and footnote disclosures, which are normally included in annual financial statements prepared in accordance with US GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim financial information should be read in conjunction with the audited financial statements and the notes thereto for the fiscal years ended December 31, 2023 and 2022, included in the Form 20-F filed on April 30, 2024. In the opinion of the management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments, which are necessary for a fair presentation of financial results for the interim periods presented. The Company believes that the disclosures are adequate to make the information presented not misleading. The accompanying unaudited condensed consolidated financial statements have been prepared using the same accounting policies as used in the preparation of the Company’s consolidated financial statements for the years ended December 31, 2023 and 2022.
Basis of consolidation	(b) Basis of consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly and majority owned subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation. All intercompany transactions and balances have been eliminated upon consolidation.
Use of estimates	(c) Use of estimates The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities on the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management reviews these estimates and assumptions using the currently available information. Changes in facts and circumstances may cause the Company to revise its estimates. The Company bases its estimates on past experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Estimates are used when accounting for items and matters including, but not limited to, determinations of the useful lives and valuation of long-lived assets, allowances for credit losses for accounts receivable and other receivables, valuation of deferred tax assets, and other provisions and contingencies.
Foreign currency translation	(d) Foreign currency translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing on the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates on the date of the balance sheet. The reporting currency of the Company and its subsidiaries is U.S. dollars (“US$”) and the accompanying unaudited condensed consolidated financial statements have been expressed in US$. In general, for consolidation purposes, assets and liabilities of the Company and its subsidiaries whose functional currency is not the US$, are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of the Company and its subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of shareholders’ equity. Translation of amounts from HKD and RMB into US$ has been made at the following exchange rates for the respective periods: June 30, December 31, HKD exchange rate for balance sheet items, except for equity accounts 7.8083 7.8109 RMB exchange rate for balance sheet items, except for equity accounts 7.2672 7.0999 For the Six Months Ended 2024 2023 HKD exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows 7.8191 7.8394 RMB exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows 7.2150 6.9283 No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.
Accounts receivable	(e) Accounts receivable Accounts receivable are recorded at the gross amount less an allowance for expected credit losses and do not bear interest. On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), using the modified retrospective transition method. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. Upon adoption, the Company changed the impairment model to utilize a forward-looking current expected credit losses (CECL) model in place of the incurred loss methodology for financial instruments measured at amortized cost and receivables resulting from the application of ASC 606, including contract assets. The adoption of the guidance had no impact on the allowance for credit losses for accounts receivable. Upon the adoption of ASU 2016-13, the management maintains an allowance for credit losses and records the allowance for credit losses as an offset to accounts receivable and the estimated credit losses charged to the allowance is classified as “General and administrative expenses” in the unaudited condensed consolidated statements of operations and comprehensive (loss) income. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status, the age of the balances, credit quality of the Company’s customers based on ongoing credit evaluations, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect the Company’s ability to collect from customers. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. As of June 30, 2024 and December 31, 2023, the Company determined no allowances for credit losses were necessary for accounts receivable.
Inventories	(f) Inventories Inventories, consisting of cosmetics and other beauty products available for sale, are stated at the lower of cost or market. Cost of inventories is determined using the weighted average cost method. Adjustments are recorded to write down the cost of inventories to the estimated net realizable value due to damaged goods and slow-moving merchandise, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write-downs are recorded in cost of revenues in the unaudited condensed consolidated statements of operations and comprehensive (loss) income. For the six months ended June 30, 2024 and 2023, the Company provided inventory writing-downs of $4,875,506 and $ nil
Revenue recognition	(g) Revenue recognition The Company adopted ASC 606, Revenue from Contracts with Customers (“ASC 606”) on January 1, 2017, using the modified retrospective approach. ASC 606 establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. In accordance with ASC 606, revenues are recognized when control of the promised products is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products. The Company also evaluates whether it is appropriate to record the gross amount of product sales. When the Company is a principal, and the Company obtains control of the specified goods before they are transferred to the customers, the revenues should be recognized in the gross amount of consideration to which it expects to be entitled to in exchange for the specified goods transferred. Revenues are recorded net of value-added taxes. Sales of cosmetics and other beauty products For the six months ended June 30, 2024 and 2023, the Company generated revenues primarily from selling cosmetics and other beauty products. The Company identifies a single performance obligation from contracts which is the sales of cosmetics and other beauty products. The Company recognizes the product revenues on a gross basis as the Company is acting as a principal in these transactions and is responsible for fulfilling the promise to provide the specified goods, subject to inventory risks and has the discretion in establishing prices. The Company recognizes revenues at a point in time when the control over the cosmetics and other beauty products are transferred to customers. The Company recognizes revenues net of return allowances and consideration payable to customers when the products are delivered and title is passed to customers. Significant judgement is required to estimate return allowances. For sales with return conditions, the Company reasonably estimates the possibility of return based on the historical experience, changes in judgments on these assumptions and estimates could materially impact the amount of net revenues recognized. As of June 30, 2024 and December 31, 2023, the Company did not record return allowance because the Company did not expect a significant reversal in the amount of cumulative revenue. Provision of operation services The Company also generated revenues from provision of operation services for online stores owned by customers. The operation services cover marketing and promotion of cosmetics products, warehouse management, logistics of products, and customer relationship services. The Company identifies a single performance obligation from contracts. The transaction price is determined by a fixed percentage of sales volume. There were no variable considerations, significant financing components or payments to customers in the agreements with customers. The Company recognizes revenues over time when service is provided. The Company has a right to considerations from the customers in an amount that corresponds directly with the value the Company's performance completed to date. The Company adopted practical expedient under ASC 606-10-55-18, and recognized revenues from provision of operation services based on amounts invoiced to the customers. Contract balances The Company classifies its right to consideration in exchange for services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Company recognizes accounts receivable in its consolidated balance sheets when it performs a service in advance of receiving consideration and it has the unconditional right to receive consideration. A contract asset is recorded when the Company has transferred services to the customer before payment is received or is due, and the Company’s right to consideration is conditional on future performance or other factors in the contract. As of June 30, 2024 and December 31, 2023, the Company did not record contract assets. The Company capitalizes incremental costs incurred to fulfill contracts that (i) relate directly to the contract, (ii) are expected to generate resources that will be used to satisfy the performance obligation under the contract, and (iii) are expected to be recovered through revenue generated under the contract. Provisions for estimated losses, if any, on uncompleted contracts are recorded in the period in which such losses become probable based on the current contract estimates. As of June 30, 2024 and December 31, 2023, the Company had no deferred contract costs. Contract liabilities are recognized if the Company receives consideration prior to satisfying the performance obligations, which include customer advances and deferred revenue under operation service arrangements. As of June 30, 2024 and December 31, 2023, the Company had customer advances of $4,473,963 and $239,073, respectively. Customer advances of $239,073 and $219,431 as of December 31, 2023 and 2022 were recognized as revenues in the six months ended June 30, 2024 and 2023, respectively. The Company expects to recognize the customer advances of $4,473,963 as of June 30, 2024 in the twelve months ending June 30, 2025. For the six months ended June 30, 2024 and 2023, the Company disaggregate revenue into two revenue streams as the following table: For the Six Months Ended 2024 2023 Revenues Sales of cosmetics and other beauty products $ 60,891,362 $ 79,302,579 Provision of operation services 1,859,909 2,361,322 Total revenue $ 62,751,271 $ 81,663,901 The Company disaggregates revenue by timing of revenues recognition as the following table: For the Six Months Ended 2024 2023 Revenues Goods transferred at a point in time $ 60,891,362 $ 79,302,579 Services transferred over time 1,859,909 2,361,322 Total revenue $ 62,751,271 $ 81,663,901
Recently issued accounting standards	(h) Recently issued accounting standards In December 2023, the FASB issued ASU 2023-09, which is an update to Topic 740, Income Taxes. The amendments in this update related to the rate reconciliation and income taxes paid disclosures improve the transparency of income tax disclosures by requiring (1) adding disclosures of pretax income (or loss) and income tax expense (or benefit) to be consistent with U.S. Securities and Exchange Commission (SEC) Regulation S-X 210.4-08(h), Rules of General Application—General Notes to Financial Statements: Income Tax Expense, and (2) removing disclosures that no longer are considered cost beneficial or relevant. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2024. For entities other than public business entities, the amendments are effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments in this Update should be applied on a prospective basis. Retrospective application is permitted. In July 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in ASU 2023-07 improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The adoption of this guidance did not have a material impact on its financial position, results of operations and cash flows. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements — codification amendments in response to SEC’s disclosure Update and Simplification initiative which amend the disclosure or presentation requirements of codification subtopic 230-10 Statement of Cash Flows—Overall, 250-10 Accounting Changes and Error Corrections— Overall, 260-10 Earnings Per Share— Overall, 270-10 Interim Reporting— Overall, 440-10 Commitments—Overall, 470-10 Debt—Overall, 505-10 Equity—Overall, 815-10 Derivatives and Hedging—Overall, 860-30 Transfers and Servicing—Secured Borrowing and Collateral, 932-235 Extractive Activities— Oil and Gas—Notes to Financial Statements, 946-20 Financial Services— Investment Companies— Investment Company Activities, and 974-10 Real Estate—Real Estate Investment Trusts—Overall. The amendments represent changes to clarify or improve disclosure and presentation requirements of above subtopics. Many of the amendments allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the SEC’s requirements. Also, the amendments align the requirements in the Codification with the SEC’s regulations. For entities subject to existing SEC disclosure requirements or those that must provide financial statements to the SEC for securities purposes without contractual transfer restrictions, the effective date aligns with the date when the SEC removes the related disclosure from Regulation S-X or Regulation S-K. Early adoption is not allowed. For all other entities, the amendments will be effective two years later from the date of the SEC’s removal. The Company does not believe the above referenced recently issued but not yet effective accounting standards, if currently adopted, would have a material impact on its the unaudited condensed consolidated financial position, statements of operations and comprehensive (loss) income and cash flows.
Significant risks and uncertainties	(i) Significant risks and uncertainties 1) Credit risk Assets that potentially subject the Company to significant concentration of credit risk primarily consist of cash and cash equivalents, accounts receivable and amounts due from related parties. The maximum exposure of such assets to credit risk is their carrying amount as at the balance sheet dates. As of June 30, 2024, the Company held cash and cash equivalents of $9,054,254, among which $7,919,359 were deposited in financial institutions located in Hong Kong, $977,198 were deposited in financial institutions located in Mainland China, and the remaining were deposited in Singapore and the United States. Each bank account in Mainland China is insured by the government authority with the maximum limit of RMB 500,000 (equivalent to approximately $69,300), while the bank accounts in Hong Kong, are not insured. To limit exposure to credit risk relating to deposits, the Company primarily place cash and cash equivalent deposits with large financial institutions in the PRC and Hong Kong which management believes are of high credit quality and the Company also continually monitors their credit worthiness. The risk with respect to accounts receivable and amounts due from related parties is mitigated by credit evaluations the Company performs on its customers and its ongoing monitoring processes of outstanding balances. Most of the Company’s operations are carried out in Hong Kong, while partial of the Company’s business is conducted in mainland China. As mainland China government has exerted more oversight in Hong Kong, the Company’s business, financial condition and results of income may be influenced by the political, economic and legal environments in the PRC as well as by the general state of the PRC’s economy. In addition, the Company’s business may be influenced by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, rates and methods of taxation among other factors. 2) Foreign currency risk Substantially all of the Company’s operating activities and the Company’s assets and liabilities are denominated in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the Peoples’ Bank of China (“PBOC”) or other authorized financial institutions at exchange rates quoted by PBOC. Approval of foreign currency payments by the PBOC or other regulatory institutions requires submitting a payment application form together with suppliers’ invoices and signed contracts. The value of RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Exchange Rates for the Respective Periods	Translation of amounts from HKD and RMB into US$ has been made at the following exchange rates for the respective periods: June 30, December 31, HKD exchange rate for balance sheet items, except for equity accounts 7.8083 7.8109 RMB exchange rate for balance sheet items, except for equity accounts 7.2672 7.0999
Schedule of Exchange Rate for Items in the Statements	For the Six Months Ended 2024 2023 HKD exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows 7.8191 7.8394 RMB exchange rate for items in the statements of operations and comprehensive (loss) income, and statements of cash flows 7.2150 6.9283
Schedule of Company Disaggregate Revenue into Two Revenue Streams	For the six months ended June 30, 2024 and 2023, the Company disaggregate revenue into two revenue streams as the following table: For the Six Months Ended 2024 2023 Revenues Sales of cosmetics and other beauty products $ 60,891,362 $ 79,302,579 Provision of operation services 1,859,909 2,361,322 Total revenue $ 62,751,271 $ 81,663,901
Schedule of Disaggregates Revenue by Timing of Revenues	The Company disaggregates revenue by timing of revenues recognition as the following table: For the Six Months Ended 2024 2023 Revenues Goods transferred at a point in time $ 60,891,362 $ 79,302,579 Services transferred over time 1,859,909 2,361,322 Total revenue $ 62,751,271 $ 81,663,901

Prepayments and Other Assets,_2

Prepayments and Other Assets, Current and Non-Current (Tables)	6 Months Ended
	Jun. 30, 2024
Prepayments and Other Assets, Current and Non-Current [Abstract]
Schedule of Prepayments and Other Current Assets	Prepayments and other current assets consist of the following: June 30, December 31, Prepayments and other current assets Prepayments to suppliers (a) $ 3,661,313 $ 1,021,007 Prepaid marketing and advertising expenses (b) 749,938 959,479 Tax recoverable 750,469 54,794 Loans to a third party (c) 500,218 500,051 Due from a supplier (d) 401,586 254,597 Compensation receivable (e) 199,141 398,150 Others 491,726 98,501 $ 6,754,391 $ 3,286,579 Other non-current assets Long-term deposits (f) 1,090,023 1,214,903 Others — 50,066 $ 1,090,023 $ 1,264,969 (a) The balances represented advances to suppliers for purchase of cosmetics and other beauty products. (b) The balances represented advances for purchase of online advertising services, which was generally amortized to selling and marketing expenses within three months. (c) During the year ended December 31, 2023, the Company made loans to certain third parties to support their working capital. The loans were interest-free and repayable on demand. As of December 31, 2023, the outstanding loans receivable from a third party amounted to $500,051. During the six months ended June 30, 2024, the Company did not make loans to or collected loans from third parties, and the movement in the balance was due to change in exchange rates. The Company expected to collect the outstanding balance within 12 months. (d) To strengthen the supplier relationship, the Company assists the suppliers with online marketing campaigns to promote their products. The Company prepaid the advertising service fees to media, and charged the media cost from the suppliers. As of the date of this report, the outstanding balance as of June 30, 2024 has been fully collected. (e) As of June 30, 2024 and December 31, 2023, the Company had compensation receivable due from one supplier. The compensation receivable arose from quality issues of cosmetic products, and the supplier agreed to make cash compensation. For the six months ended June 30, 2024, the Company negotiated with the supplier regarding the amount of compensation and wrote off compensation receivable of $198,866. (f) The long-term deposits represented deposits made to certain marketplaces on which the Company sells cosmetic products. The deposits are repayable upon termination of corporation with the marketplaces. Pursuant to the agreements with marketplaces, the corporation terms were generally ranged between two and three years.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
Property and Equipment, Net (Tables)	Jun. 30, 2024
Property and Equipment, Net [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following: June 30, December 31, Vehicles $ 498,635 $ 510,385 Office equipment 352,917 360,740 Leasehold improvement 474,901 486,091 Less: accumulated depreciation (784,070 ) (680,570 ) $ 542,383 $ 676,646

Short-Term Borrowngs (Tables)

Short-Term Borrowngs (Tables)	6 Months Ended
Short-Term Borrowngs (Tables)	Jun. 30, 2024
Short-Term Borrowngs [Abstract]
Schedule of Short-Term Borrowngs	June 30, December 31, Short-term borrowings from financial institutions other than banks $ 4,866,616 $ 671,355 Short-term borrowings from banks 2,792,400 2,213,164 $ 7,659,016 $ 2,884,519

Operating Lease (Tables)

Operating Lease (Tables)	6 Months Ended
Operating Lease (Tables)	Jun. 30, 2024
Operating Lease [Abstract]
Schedule of Operating Lease Related Assets and Liabilities	The table below presents the operating lease related assets and liabilities recorded on the unaudited condensed consolidated balance sheets. June 30, December 31, Right of use assets $ 1,415,033 $ 1,680,547 Operating lease liabilities, current 752,429 761,904 Operating lease liabilities, noncurrent 638,711 1,003,943 Total operating lease liabilities $ 1,391,140 $ 1,765,847
Schedule of Other information about the Company’s Leases	Other information about the Company’s leases is as follows: For the Six Months Ended June 30, 2024 2023 Operating cash flows used in operating leases $ 376,638 $ 293,214 Weighted average remaining lease term (years) 1.81 2.33 Weighted average discount rate 4.75 % 4.75 %
Schedule of Maturities of Lease Liabilities	The following is a schedule, by period/year, of maturities of lease liabilities as of June 30, 2024: June 30, For the six months ending December 31, 2024 $ 439,300 For the year ending December 31, 2025 796,179 For the year ending December 31, 2026 217,140 Total lease payments 1,452,619 Less: Imputed interest (61,479 ) Present value of lease liabilities $ 1,391,140

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2024
Income Taxes [Abstract]
Schedule of Components of the Income (Loss) Before Income Tax	The components of the (loss) income before income taxes are as follows: For the Six Months Ended 2024 2023 PRC subsidiaries $ (7,311,120 ) $ (1,115,363 ) Hong Kong and Cayman subsidiaries (1,489,911 ) 7,833,698 Singapore subsidiary 7,471 (46,944 ) $ (8,793,560 ) $ 6,671,391
Schedule of Income Tax Expenses (Benefits)	For the six months ended June 30, 2024 and 2023, the income tax benefits (expenses) were comprised of the following: For the Six Months Ended 2024 2023 Current income tax expense $ (97,184 ) $ (1,321,854 ) Deferred income tax benefits 2,554,865 299,220 $ 2,457,681 $ (1,022,634 )
Schedule of Deferred Tax Assets and Deferred Tax Liabilities	Deferred tax assets and deferred tax liabilities as of June 30, 2024 and December 31, 2023 consist of the following: June 30, December 31, Deferred tax assets: Net operating losses carryforwards $ 3,408,471 $ 2,338,356 Excess advertising expenses 355,755 — Impairment of inventories 1,102,932 — Operating lease liabilities 347,319 441,462 Total deferred tax assets, gross 5,214,477 2,779,818 Less: valuation allowance (28,342 ) (30,410 ) $ 5,186,135 $ 2,749,408 Deferred tax liabilities Operating lease right-of-use assets $ 353,059 $ 420,137 $ 353,059 $ 420,137
Schedule of Movement of Valuation Allowance of Deferred Tax Assets	Movement of valuation allowance of deferred tax assets for the six months ended June 30, 2024 and 2023 were as the following: For the Six Months Ended 2024 2023 Opening balance $ 30,410 $ 81,232 Reversal (2,068 ) (3,966 ) Ending balance $ 28,342 $ 77,266

(Loss) Earnings Per Share (Tabl

(Loss) Earnings Per Share (Tables)	6 Months Ended
(Loss) Earnings Per Share (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted (Loss) Earnings Per Share	The following table sets forth the computation of basic and diluted (loss) earnings per share for the six months ended June 30, 2024 and 2023: For the Six Months Ended 2024 2023 Net (loss) income $ (6,335,879 ) $ 5,648,757 Accretion of convertible redeemable preferred shares — (120,000 ) Net income attributable to Able View Global Inc’s preferred shareholders — (85,728 ) Net (loss) income attributable to Able View Global Inc’s ordinary shareholders $ (6,335,879 ) $ 5,443,029 (Loss) earnings per share – basic and diluted $ (0.15 ) $ 0.14 Weighted average shares – basic and diluted 41,755,549 37,732,310

Related Party Transactions an_2

Related Party Transactions and Balances (Tables)	6 Months Ended
Related Party Transactions and Balances (Tables)	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Company Entered into Transaction	The table below sets forth the major related parties and their relationships with the Company, with which the Company entered into transactions during six months ended June 30, 2024 and 2023, or recorded balances as of June 30, 2024 and December 31, 2023. Name Relationship with the Company Mr. Zhu Jian Chief Executive Officer and, Director and 59.1% beneficial owner of the Company Mr. Wang Jun 10.6% beneficial owner of the Company Mr. Tang Jing Chief Financial Officer and 5.1% beneficial owner of the Company Mr. Tang Yuhua An immediate family member of Mr. Tang Jing Mr. Wang Jixiang An immediate family member of Mr. Wang Jun Healthy Great Investing Company Limited (“Healthy Great”) Wholly owned by Mr. Zhu Jian Smartest Star Investing Company Limited (“Smartest Star”) Wholly owned by Mr. Wang Jun Scenery Investing Company Limited (“Scenery”) Wholly owned by Mr. Tang Jing Skinist Global Company Limited (“Skinist Global”) Company controlled by Mr. Wang Jun Skinist Global Cosmetics (Shanghai) Co., Ltd. (“Skinist Shanghai”) Company controlled by Mr. Wang Jun Shanghai Yingtian Financial Information Service Co., Ltd. (“Ying Tian”) Company controlled by Mr. Zhu Jian and Mr. Tang Jing Shanghai Jingqi Developing Co., Ltd. (“Jingqi”) Company controlled by Mr. Zhu Jian Shanghai Jingrong Information Co., Ltd. (“Jingrong”) Company controlled by Mr. Tang Jing Shanghai Youshan Corporate Consulting Co., Ltd. (“Youshan”) Company controlled by Ms. Mu Xuemei, the director of the Company Shanghai Jiantong Trade Center (“Jian Tong”) Company controlled by Mr. Wang Jun Shanghai Shilin Advertising Co., Ltd. (“Shi Lin”) Company controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company Shanghai Tengxin Advertising Co., Ltd. (“Teng Xin”) Company controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company Shanghai Yuancheng Advertising Co., Ltd. (“Yuancheng”) Company controlled by Mr. Wang Jun Shanghai Zhimeisi Beauty Technology Co., Ltd (“Zhi Mei Si”) A Company over which Mr. Zhu Jian exercises significant influence Shanghai Libo Medical Beauty Clinic Co., Ltd (“Li Bo”) A Company controlled by Zhi Mei Si
Schedule of Transactions with Related Parties	Transactions with related parties For the Six Months Ended June 30, 2024 2023 Sales of products to related parties Skinist Global $ 77,193 $ — Purchase of products from related parties Youshan $ 3,154,511 $ — Rental expenses charged by related parties Jingqi (1) $ — $ 13,218 Service fees charged by related parties Jingqi $ — $ 2,139 Jingrong — 43,301 $ — $ 45,440 Payment of dividends Mr. Zhu Jian $ 19,184 $ 19,134 Mr. Wang Jun 19,184 19,134 Mr. Tang Jing 19,184 19,134 Payment of dividends $ 57,552 $ 57,402 (1) In March 2021, the Company extended the office sub-lease agreement to February 2023. Jingqi charges the Company a monthly rental fee of approximately $12,887 and a monthly property management fee of approximately $2,085.
Schedule of (Advances to) Collection of Advances from Related Parties	During the six months ended June 30, 2024 and 2023, the Company made loans of $ nil For the Six Months Ended June 30, 2024 2023 Advances Collection of Advances Collection of Skinist Global $ — $ — $ (1,673,674 ) $ 1,465,822 Jingqi — — (163,100 ) — Skinist Shanghai — 18,311 (48,962 ) 271,148 $ — $ 18,311 $ (1,885,736 ) $ 1,736,970
Schedule of Borrowings from (Repayment of Borrowings to) Related Parties	Borrowings from (Repayment of Borrowings to) related parties For the Six Months Ended June 30, 2024 2023 Borrowings Repayment Borrowings Repayment Skinist Global (1) $ 3,100,046 $ (3,093,916 ) $ 1,944,020 $ — Ying Tian (1) 2,533,392 (4,129,493 ) — — Teng Xin (1) 1,386,001 (1,459,464 ) 216,503 (216,503 ) Shi Lin (1) 1,335,008 — 379,602 (2,025,461 ) Zhi Mei Si (1) 575,191 (575,191 ) — — Li Bo (1) 442,134 (442,134 ) — — Skinist Shanghai 54,053 (54,053 ) — — Jian Tong — (2,663,247 ) Yuancheng (1) — — 1,443,356 — Mr. Wang Jun (1) 20,641 (39,041 ) — — Mr. Tang Jing (1) 20,641 (72,706 ) — — Mr. Zhu Jian (1) 18,968 (66,888 ) — (1,443,356 ) Mr. Tang Yuhua (1) — (76,133 ) 1,563,154 (526,825 ) Mr. Wang Jixiang (1) — (237,933 ) 288,672 — $ 9,486,075 $ (12,910,199 ) $ 5,835,307 $ (4,212,145 ) (1) During the six months ended June 30, 2024 and 2023, the Company borrowed $9,486,075 and $5,835,307 from these related parties, respectively. The borrowings were interest free, and outstanding loans are repayable within twelve months from borrowings.
Schedule of Due from Related Parties	Due from related parties June 30, December 31, Other receivable Skinist Shanghai $ — $ 18,311
Schedule of Due to Related Parties, Current	Due to related parties, current June 30, December 31, Other Payable Mr. Zhu Jian $ 430,961 $ 478,880 Skinist Global 6,130 — Teng Xin — 73,463 Total $ 437,091 $ 552,343
Schedule of Due to Related Parties ,Non-Current	Due to related parties, non-current June 30, December 31, Dividends payable (1) Healthy Great $ 4,962,933 $ 4,980,486 Smartest Star 1,093,038 1,111,877 Scenery 410,778 429,845 Mr. Zhu Jian 6,914,936 6,912,634 Mr. Wang Jun 1,319,890 1,319,451 Mr. Tang Jing 1,004,338 1,004,003 15,705,913 15,758,296 Other payable (2) Ying Tian — 1,596,102 Jian Tong 272,006 2,935,253 Mr. Tang Yuhua 3,230,956 3,307,089 Mr. Tang Jing 1,414,575 1,447,908 Mr. Wang Jixiang 1,131,502 1,369,435 Shi Lin 1,335,008 — 7,384,047 10,655,787 Total $ 23,089,960 $ 26,414,083 (1) As of June 30, 2024 and December 31, 2023, the dividends payable represented the declared but unpaid dividends to the shareholders. During the six months ended June 30, 2024, the shareholders agreed to extend the payments of dividends to January 2026 and the Company classified the balance to “due to related parties, non-current”. (2) As of June 30, 2024 and December 31, 2023, the other payables represented borrowings from the related parties. The borrowings were interest free and repayable in January 2025. During the six months ended June 30, 2024, the related parties agreed to extend the payments of borrowings to January 2026 and the Company classified the balance to “due to related parties, non-current”.

Concentration (Tables)

Concentration (Tables)	6 Months Ended
Concentration (Tables)	Jun. 30, 2024
Concentration [Abstract]
Schedule of Concentration	For the six months ended June 30, 2024 and 2023, the following customers contributed revenues that were over 10% of total net revenues for the relevant periods. Customers accounting for 10% or more of the Company’s net revenues were as follows: For the Six Months Ended June 30, 2024 2023 Customer A 30 % * Customer B 15 % * Customer C * 22 % Customer D * 29 % As of June 30, 2024 and December 31, 2023, accounts receivable due from the following customers were over 10% of consolidated accounts receivable. The details are as follows: June 30, December 31, Customer A 25 % 13 % Customer C * 11 % Customer D 30 % 30 % Customer E 13 % * For the six months ended June 30, 2024 and 2023, the Company purchased products from the following vendors who charged over 10% of total cost of revenues for the relevant period, which include both brand partners and product distributors who distribute products from certain brands to us. Vendors accounting for 10% or more of the Company’s cost of revenues were as follows: For the Six Months Ended June 30, 2024 2023 Vendor A 43 % 38 % Vendor B 25 % 35 % As of June 30, 2024 and December 31, 2023, accounts payable due to the following vendors were over 10% of consolidated accounts payable. The details are as follows: June 30, December 31, Vendor C 36 % 69 % Vendor D 28 % 16 % Vendor E 18 % 10 % * Less than 10%

Organization and Business Des_2

Organization and Business Description (Details) - USD ($)	6 Months Ended		12 Months Ended
Organization and Business Description (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Apr. 28, 2022	Dec. 31, 2021	May 25, 2021	Feb. 25, 2021	Feb. 10, 2021	Nov. 21, 2017
Organization and Business Description [Line Items]
Incorporation date	Oct. 11, 2022
Net revenue (in Dollars)	$ 62,751,271	$ 81,663,901
Offering cost (in Dollars)	3,472,759
Additional paid in capital (in Dollars)	$ 472,631
Net Revenue [Member]
Organization and Business Description [Line Items]
Net revenue (in Dollars)				$ 170,000,000
Ableview BVI [Member]
Organization and Business Description [Line Items]
Equity interests percentage									100%
Able View Global and Merger Sub [Member]
Organization and Business Description [Line Items]
Equity interests percentage	100%
Ableview Brands [Member]
Organization and Business Description [Line Items]
Equity interests percentage								100%
Ableview Management [Member]
Organization and Business Description [Line Items]
Equity interests percentage							100%
CSS HK [Member]
Organization and Business Description [Line Items]
Equity interests percentage						100%
Weitong [Member]
Organization and Business Description [Line Items]
Equity interests percentage										100%
Ableview Cayman [Member]
Organization and Business Description [Line Items]
Equity interests percentage					100%
Class A Ordinary Shares [Member]
Organization and Business Description [Line Items]
Shares issued	24,871,433			24,871,433
Shares outstanding	24,871,433			24,871,433
Class A Ordinary Shares [Member] \| Ordinary Shares [Member]
Organization and Business Description [Line Items]
Shares outstanding	24,871,433
Class A Ordinary Shares [Member] \| Able View Global Inc [Member]
Organization and Business Description [Line Items]
Shares issued	24,871,433
Class A Ordinary Shares [Member] \| Business Combination [Member]
Organization and Business Description [Line Items]
Shares issued	17,487,800
Class B Ordinary Shares [Member]
Organization and Business Description [Line Items]
Shares issued	16,766,549			17,247,383
Shares outstanding	16,766,549			17,247,383
Additional shares	1,600,000
Class B Ordinary Shares [Member] \| Able View Global Inc [Member]
Organization and Business Description [Line Items]
Shares issued	17,487,800
Shares outstanding	17,487,800
Class B Ordinary Shares [Member] \| Business Combination [Member]
Organization and Business Description [Line Items]
Shares outstanding	17,487,800
Forecast [Member]
Organization and Business Description [Line Items]
Additional shares			1,600,000
Net revenue (in Dollars)			$ 200,000,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
Summary of Significant Accounting Policies (Details)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Summary of Significant Accounting Policies [Line Items]
Customer advances	$ 4,473,963			$ 239,073
Cash and cash equivalents	9,054,254			13,328,156
Customer Advances [Member]
Summary of Significant Accounting Policies [Line Items]
Customer advances	4,473,963			$ 239,073	$ 219,431
HONG KONG
Summary of Significant Accounting Policies [Line Items]
Cash and cash equivalents	9,054,254
Deposit	7,919,359
HONG KONG \| Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Deposit	69,300		¥ 500,000
China [Member]
Summary of Significant Accounting Policies [Line Items]
Deposit	977,198
Inventory Valuation and Obsolescence [Member]
Summary of Significant Accounting Policies [Line Items]
Inventory writing down	$ 4,875,506

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rates for the Respective Periods - Balance Sheet [Member]	Jun. 30, 2024	Dec. 31, 2023
HKD [Member]
Schedule of Exchange Rates for the Respective Periods [Line Items]
Exchange rates	7.8083	7.8109
RMB [Member]
Schedule of Exchange Rates for the Respective Periods [Line Items]
Exchange rates	7.2672	7.0999

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rate for Items in the Statements - Comprehensive Income and Cash Flow [Member]	Jun. 30, 2024	Jun. 30, 2023
HKD [Member]
Schedule of Exchange Rate for Items in the Statements [Line Items]
Exchange rate	7.8191	7.8394
RMB [Member]
Schedule of Exchange Rate for Items in the Statements [Line Items]
Exchange rate	7.215	6.9283

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Company Disaggregate Revenue into Two Revenue Streams - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenues
Total revenue	$ 62,751,271	$ 81,663,901
Sales of cosmetics and other beauty products [Member]
Revenues
Total revenue	60,891,362	79,302,579
Provision of operation services [Member]
Revenues
Total revenue	$ 1,859,909	$ 2,361,322

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of Disaggregates Revenue by Timing of Revenues - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenues
Total revenue	$ 62,751,271	$ 81,663,901
Goods transferred at a point in time [Member]
Revenues
Total revenue	60,891,362	79,302,579
Services transferred over time [Member]
Revenues
Total revenue	$ 1,859,909	$ 2,361,322

Prepayments and Other Assets,_3

Prepayments and Other Assets, Current and Non-Current (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Prepayments and Other Assets, Current and Non-Current (Details) [Line Items]
Loans received from third party		$ 500,051
Compensation and wrote off compensation receivable	$ 198,866
Third Parties [Member]
Prepayments and Other Assets, Current and Non-Current (Details) [Line Items]
Outstanding balance	12 months

Prepayments and Other Assets,_4

Prepayments and Other Assets, Current and Non-Current (Details) - Schedule of Prepayments and Other Current Assets - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Prepayments and other current assets
Prepayments to suppliers(a)	[1]	$ 3,661,313	$ 1,021,007
Prepaid marketing and advertising expenses(b)	[2]	749,938	959,479
Tax recoverable		750,469	54,794
Loans to a third party(c)	[3]	500,218	500,051
Due from a supplier (d)	[4]	401,586	254,597
Compensation receivable(e)	[5]	199,141	398,150
Others		491,726	98,501
Total prepayments and other current assets		6,754,391	3,286,579
Other non-current assets
Long-term deposits (f)	[6]	1,090,023	1,214,903
Others			50,066
Total other non-current assets		$ 1,090,023	$ 1,264,969

[1] The balances represented advances to suppliers for purchase of cosmetics and other beauty products. The balances represented advances for purchase of online advertising services, which was generally amortized to selling and marketing expenses within three months. During the year ended December 31, 2023, the Company made loans to certain third parties to support their working capital. The loans were interest-free and repayable on demand. As of December 31, 2023, the outstanding loans receivable from a third party amounted to $500,051. During the six months ended June 30, 2024, the Company did not make loans to or collected loans from third parties, and the movement in the balance was due to change in exchange rates. The Company expected to collect the outstanding balance within 12 months. As of June 30, 2024 and December 31, 2023, the Company had compensation receivable due from one supplier. The compensation receivable arose from quality issues of cosmetic products, and the supplier agreed to make cash compensation. For the six months ended June 30, 2024, the Company negotiated with the supplier regarding the amount of compensation and wrote off compensation receivable of $198,866. To strengthen the supplier relationship, the Company assists the suppliers with online marketing campaigns to promote their products. The Company prepaid the advertising service fees to media, and charged the media cost from the suppliers. As of the date of this report, the outstanding balance as of June 30, 2024 has been fully collected. The long-term deposits represented deposits made to certain marketplaces on which the Company sells cosmetic products. The deposits are repayable upon termination of corporation with the marketplaces. Pursuant to the agreements with marketplaces, the corporation terms were generally ranged between two and three years.

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	6 Months Ended
Property and Equipment, Net (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Property and Equipment, Net [Abstract]
Depreciation expense	$ 120,029	$ 83,493

Property and Equipment, Net (_2

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Property and Equipment, Net [Line Items]
Vehicles	$ 498,635	$ 510,385
Office equipment	352,917	360,740
Leasehold improvement	474,901	486,091
Less: accumulated depreciation	(784,070)	(680,570)
Property and equipment, net	$ 542,383	$ 676,646

Short-Term Borrowngs (Details)

Short-Term Borrowngs (Details) - USD ($)	6 Months Ended
Short-Term Borrowngs (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Short-Term Borrowngs [Line Items]
Short- term borrowed	$ 277,200	$ 288,671
Interest rates percentage	4%
Short-term borrowings from financial institutions other than banks [Member]
Short-Term Borrowngs [Line Items]
Short- term borrowed	$ 4,859,894	9,732,979
Repaid borrowings		16,275,367
Short-term borrowings from banks [Member]
Short-Term Borrowngs [Line Items]
Short- term borrowed	$ 18,890,241
Interest rates percentage	3.50%
Repaid borrowings	$ 18,701,792	29,835,664
Short-term borrowings from banks [Member]
Short-Term Borrowngs [Line Items]
Short- term borrowed		$ 30,443,701
Minimum [Member] \| Short-term borrowings from financial institutions other than banks [Member]
Short-Term Borrowngs [Line Items]
Interest rates percentage	6%
Maximum [Member] \| Short-term borrowings from financial institutions other than banks [Member]
Short-Term Borrowngs [Line Items]
Interest rates percentage		12.30%

Short-Term Borrowngs (Details)

Short-Term Borrowngs (Details) - Schedule of Short-Term Borrowngs - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Short-Term Borrowngs [Abstract]
Short-term borrowings from financial institutions other than banks	$ 4,866,616	$ 671,355
Short-term borrowings from banks	2,792,400	2,213,164
Short-term borrowings	$ 7,659,016	$ 2,884,519

Operating Lease (Details)

Operating Lease (Details) - USD ($)	6 Months Ended
Operating Lease (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Operating Lease [Line Items]
Operating lease expenses	$ 350,008	$ 488,348
Short-term rental expenses	$ 6,798	$ 44,929
Minimum [Member]
Operating Lease [Line Items]
Operating lease term	24 months
Maximum [Member]
Operating Lease [Line Items]
Operating lease term	36 months 15 days

Operating Lease (Details) - Sch

Operating Lease (Details) - Schedule of Operating Lease Related Assets and Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Operating Lease Related Assets and Liabilities [Abstract]
Right of use assets	$ 1,415,033	$ 1,680,547
Operating lease liabilities, current	752,429	761,904
Operating lease liabilities, noncurrent	638,711	1,003,943
Total operating lease liabilities	$ 1,391,140	$ 1,765,847

Operating Lease (Details) - S_2

Operating Lease (Details) - Schedule of Other information about the Company’s Leases - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Other information about the Company’s Leases [Abstract]
Operating cash flows used in operating leases	$ 376,638	$ 293,214
Weighted average remaining lease term (years)	1 year 9 months 21 days	2 years 3 months 29 days
Weighted average discount rate	4.75%	4.75%

Operating Lease (Details) - S_3

Operating Lease (Details) - Schedule of Maturities of Lease Liabilities	Jun. 30, 2024 USD ($)
Schedule of Maturities of Lease Liabilities [Abstract]
For the six months ending December 31, 2024	$ 439,300
For the year ending December 31, 2025	796,179
For the year ending December 31, 2026	217,140
Total lease payments	1,452,619
Less: Imputed interest	(61,479)
Present value of lease liabilities	$ 1,391,140

Long-Term Borrowings (Details)

Long-Term Borrowings (Details) - USD ($)	Jun. 30, 2024	Apr. 18, 2024	Apr. 09, 2024	Mar. 28, 2024
Debt Instrument [Line Items]
Loan proceeds		$ 909,978	$ 681,828	$ 588,888
Interest rate		5.05%
Long-term borrowings	$ 2,180,694

Income Taxes (Details)

Income Taxes (Details) $ in Millions	6 Months Ended
Income Taxes (Details) $ in Millions	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 HKD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Income Taxes [Line Items]
Applicable tax rate (in Dollars)		$ 2
Assesable profits			8.25%
Profits (in Dollars)		$ 2
Enterprise income tax rate	25%	25%
Reduction rate	75%	75%
Taxable income (in Yuan Renminbi) \| ¥	¥ 3,000,000
Valuation allowance (in Dollars)			$ 28,342	$ 30,410	$ 77,266	$ 81,232
Shanghai [Member]
Income Taxes [Line Items]
Enterprise income tax rate	20%	20%
PRC [Member]
Income Taxes [Line Items]
Operating loss carrying forwards (in Dollars)			13,284,211
Hong Kong subsidiaries [Member]
Income Taxes [Line Items]
Operating loss carrying forwards (in Dollars)			1,286,616
Singapore [Member]
Income Taxes [Line Items]
Operating loss carrying forwards (in Dollars)			$ 167,748
Singapore [Member]
Income Taxes [Line Items]
Flate rate, percentage	17%	17%
Hong Kong [Member]
Income Taxes [Line Items]
Income tax rate, percentage	16.50%	16.50%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Components of the Income (Loss) Before Income Tax - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Components of the Income (Loss) Before Income Tax [Abstract]
PRC subsidiaries	$ (7,311,120)	$ (1,115,363)
Hong Kong and Cayman subsidiaries	(1,489,911)	7,833,698
Singapore subsidiary	7,471	(46,944)
(Loss) income before income taxes	$ (8,793,560)	$ 6,671,391

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Income Tax Expenses (Benefits) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Income Tax Expenses (Benefits) [Abstract]
Current income tax expense	$ (97,184)	$ (1,321,854)
Deferred income tax benefit	2,554,865	299,220
Income tax expenses (benefits)	$ 2,457,681	$ (1,022,634)

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of Deferred Tax Assets and Deferred Tax Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating losses carryforwards	$ 3,408,471	$ 2,338,356
Excess advertising expenses	355,755
Impairment of inventories	1,102,932
Operating lease liabilities	347,319	441,462
Total deferred tax assets, gross	5,214,477	2,779,818
Less: valuation allowance	(28,342)	(30,410)	$ (77,266)	$ (81,232)
Deferred tax assets	5,186,135	2,749,408
Deferred tax liabilities
Operating lease right-of-use assets	353,059	420,137
Total deferred tax assets, net	$ 353,059	$ 420,137

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of Movement of Valuation Allowance of Deferred Tax Assets - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Movement of Valuation Allowance of Deferred Tax Assets [Abstract]
Opening balance	$ 30,410	$ 81,232
Reversal	(2,068)	(3,966)
Ending balance	$ 28,342	$ 77,266

Equity (Details)

Equity (Details) - USD ($)				6 Months Ended
Equity (Details) - USD ($)	Dec. 22, 2023	Aug. 18, 2023	Aug. 10, 2022	Jun. 30, 2024	Jun. 30, 2023	Feb. 29, 2024	Jan. 29, 2024	Dec. 31, 2023	Dec. 29, 2023
Equity [Line Items]
Ordinary shares repurchased and cancelled							240,417		240,417
Dividends paid (in Dollars)				$ 57,552	$ 57,402
Percentage of after tax profits				10%
Percentage of registered capital				50%
Statutory reserve funds (in Dollars)				$ 158,027				$ 135,369
Net restricted assets (in Dollars)				$ 1,027,562				$ 1,027,562
Price per warrant (in Dollars per share)				$ 0.01
Minimum threshold written notice period for redemption of public warrants				30 days
Threshold trading days for redemption of public warrants				20 days
Consecutive trading days				30 days
Public Warrants [Member]
Equity [Line Items]
Price per warrant (in Dollars per share)				$ 11.5
Warrants expiry term				5 years
Private Warrants [Member]
Equity [Line Items]
Price per warrant (in Dollars per share)				$ 11.5
Number of warrant				341,500
Ordinary Share [Member] \| Public Warrants [Member]
Equity [Line Items]
Sale price of share (in Dollars per share)				$ 18
Class A Ordinary Shares [Member]
Equity [Line Items]
Ordinary shares authorized				100,000,000				100,000,000
Ordinary shares, par value (in Dollars per share)				$ 0.0001				$ 0.0001
Vote for each share				10
Ordinary shares, shares issued				24,871,433				24,871,433
Ordinary shares, shares outstanding				24,871,433				24,871,433
Class A Ordinary Shares [Member] \| Ordinary Share [Member]
Equity [Line Items]
Ordinary shares, shares outstanding				24,871,433
Class B Ordinary Shares [Member]
Equity [Line Items]
Ordinary shares authorized				500,000,000				500,000,000
Ordinary shares, par value (in Dollars per share)				$ 0.0001				$ 0.0001
Vote for each share				one
Number of shares issued		1,120,000
Share consideration				1,120,000
Fair value of shares value (in Dollars)		$ 6,160,000
Ordinary shares repurchased and cancelled						240,417
Ordinary shares, shares issued				16,766,549				17,247,383
Ordinary shares, shares outstanding				16,766,549				17,247,383
Class B Ordinary Shares [Member] \| Ordinary Share [Member]
Equity [Line Items]
Price per share (in Dollars per share)		$ 5.5
Class B Ordinary Shares [Member] \| Public Rights [Member]
Equity [Line Items]
Shares issued				690,000
Class B Ordinary Shares [Member] \| Private Rights [Member]
Equity [Line Items]
Shares issued				34,150
Class B Ordinary Shares [Member] \| Shareholders of HMAC [Member]
Equity [Line Items]
Number of shares issued				2,923,999
Class B Ordinary Shares [Member] \| Sponsor of HMAC [Member]
Equity [Line Items]
Number of shares issued				1,725,000
Class B Ordinary Shares [Member] \| Private Shareholders [Member]
Equity [Line Items]
Number of shares issued				375,650
Class B Ordinary Shares [Member] \| Public Shareholders [Member]
Equity [Line Items]
Number of shares issued				823,349
Class B Ordinary Shares [Member] \| Financial Advisor [Member]
Equity [Line Items]
Number of shares issued		1,120,000
Class B Ordinary Shares [Member] \| Ladenburg Thalmann & Co. Inc. (“LT”) [Member]
Equity [Line Items]
Number of shares purchase	721,250
Number of share purchase value (in Dollars)	$ 1,298,250
Beneficiary Shares Exceeded 5% [Member]
Equity [Line Items]
Dividends payable (in Dollars)				$ 15,705,913				$ 15,758,296
Beneficiary Shares Below 5% [Member]
Equity [Line Items]
Dividends payable (in Dollars)				$ 1,006,068				$ 1,005,733
Public Units [Member]
Equity [Line Items]
Number of unit sold			6,900,000

(Loss) Earnings Per Share (Deta

(Loss) Earnings Per Share (Details) - USD ($)	Aug. 18, 2023	May 11, 2022
(Loss) Earnings Per Share [Line Items]
Preferred shares value (in Dollars)		$ 3,000,000
Redeemable Convertible Preferred Stock [Member]
(Loss) Earnings Per Share [Line Items]
Convertible redeemable preferred shares		15,750
Share price (in Dollars per share)		$ 190.4762
Common Stock [Member] \| Redeemable Convertible Preferred Stock [Member]
(Loss) Earnings Per Share [Line Items]
Convertible redeemable preferred shares	582,924

(Loss) Earnings Per Share (De_2

(Loss) Earnings Per Share (Details) - Schedule of Basic and Diluted (Loss) Earnings Per Share - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net (loss) income		$ (6,335,879)	$ 5,648,757
Accretion of convertible redeemable preferred shares			(120,000)
Net income attributable to Able View Global Inc’s preferred shareholders			(85,728)
Net (loss) income attributable to Able View Global Inc’s ordinary shareholders		$ (6,335,879)	$ 5,443,029
(Loss) earnings per share – basic (in Dollars per share)	[1]	$ (0.15)	$ 0.14
(Loss) earnings per share – diluted (in Dollars per share)	[1]	$ (0.15)	$ 0.14
Weighted average shares – basic (in Shares)	[1]	41,755,549	37,732,310
Weighted average shares – diluted (in Shares)	[1]	41,755,549	37,732,310

[1] Shares and per share data are presented on a retroactive basis to reflect the reverse recapitalization. (Note 1)

Related Party Transactions an_3

Related Party Transactions and Balances (Details) - USD ($)	6 Months Ended
Related Party Transactions and Balances (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Related Party Transactions and Balances [Line Items]
Rental fee	$ 12,887
Property management fee	2,085
Loan payments		$ 1,885,736
Collected advances	18,311	1,736,970
Borrowed related parties	$ 9,486,075	$ 5,835,307

Related Party Transactions an_4

Related Party Transactions and Balances (Details) - Schedule of Company Entered into Transaction	6 Months Ended
	Jun. 30, 2024
Mr. Zhu Jian [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Chief Executive Officer and, Director and 59.1% beneficial owner of the Company
Mr. Wang Jun [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	10.6% beneficial owner of the Company
Mr. Tang Jing [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Chief Financial Officer and 5.1% beneficial owner of the Company
Mr. Tang Yuhua [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	An immediate family member of Mr. Tang Jing
Mr. Wang Jixiang [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	An immediate family member of Mr. Wang Jun
Healthy Great Investing Company Limited (“Healthy Great”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Wholly owned by Mr. Zhu Jian
Smartest Star Investing Company Limited (“Smartest Star”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Wholly owned by Mr. Wang Jun
Scenery Investing Company Limited (“Scenery”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Wholly owned by Mr. Tang Jing
Skinist Global Company Limited (“Skinist Global”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Wang Jun
Skinist Global Cosmetics (Shanghai) Co., Ltd. (“Skinist Shanghai”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Wang Jun
Shanghai Yingtian Financial Information Service Co., Ltd. (“Ying Tian”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Zhu Jian and Mr. Tang Jing
Shanghai Jingqi Developing Co., Ltd. (“Jingqi”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Zhu Jian
Shanghai Jingrong Information Co., Ltd. (“Jingrong”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Tang Jing
Shanghai Youshan Corporate Consulting Co., Ltd. (“Youshan”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Ms. Mu Xuemei, the director of the Company
Shanghai Jiantong Trade Center (“Jian Tong”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Wang Jun
Shanghai Shilin Advertising Co., Ltd. (“Shi Lin”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company
Shanghai Tengxin Advertising Co., Ltd. (“Teng Xin”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Ms. Pan Yue, a supervisor of Weitong, a subsidiary of the Company
Shanghai Yuancheng Advertising Co., Ltd. (“Yuancheng”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	Company controlled by Mr. Wang Jun
Shanghai Zhimeisi Beauty Technology Co., Ltd (“Zhi Mei Si”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	A Company over which Mr. Zhu Jian exercises significant influence
Shanghai Libo Medical Beauty Clinic Co., Ltd (“Li Bo”) [Member]
Related Party Transaction [Line Items]
Nature of relationships with related parties	A Company controlled by Zhi Mei Si

Related Party Transactions an_5

Related Party Transactions and Balances (Details) - Schedule of Transactions with Related Parties - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Service fees charged by related parties
Service fees charged by related parties			$ 45,440
Payment of dividends
Payment of dividends		57,552	57,402
Shanghai Jingxin Trading Co. Ltd. (“Jingxin”) [Member]
Sales of products to related parties
Sales of products to related parties		77,193
Shanghai Youshan Corporate Consulting Co., Ltd. (“Youshan”) [Member]
Purchase of products from related parties
Purchase of products from related parties		3,154,511
Jingqi [Member]
Rental expenses charged by related parties
Rental expenses charged by related parties	[1]		13,218
Service fees charged by related parties
Service fees charged by related parties			2,139
Jingrong [Member]
Service fees charged by related parties
Service fees charged by related parties			43,301
Mr. Zhu Jian [Member]
Payment of dividends
Payment of dividends		19,184	19,134
Mr. Wang Jun [Member]
Payment of dividends
Payment of dividends		19,184	19,134
Mr. Tang Jing [Member]
Payment of dividends
Payment of dividends		$ 19,184	$ 19,134

[1] In March 2021, the Company extended the office sub-lease agreement to February 2023. Jingqi charges the Company a monthly rental fee of approximately $12,887 and a monthly property management fee of approximately $2,085.

Related Party Transactions an_6

Related Party Transactions and Balances (Details) - Schedule of (Advances to) Collection of Advances from Related Parties - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Advances		$ (1,885,736)
Collection of advances	18,311	1,736,970
Skinist Global [Member]
Related Party Transaction [Line Items]
Advances		(1,673,674)
Collection of advances		1,465,822
Jingqi [Member]
Related Party Transaction [Line Items]
Advances		(163,100)
Collection of advances
Zhiwang [Member]
Related Party Transaction [Line Items]
Advances		(48,962)
Collection of advances	$ 18,311	$ 271,148

Related Party Transactions an_7

Related Party Transactions and Balances (Details) - Schedule of Borrowings from (Repayment of Borrowings to) Related Parties - USD ($)		6 Months Ended
		Jun. 30, 2024		Jun. 30, 2023
Related Party Transaction [Line Items]
Borrowings		$ 9,486,075		$ 5,835,307
Repayment		(12,910,199)		(4,212,145)
Skinist Global [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	3,100,046		1,944,020
Repayment	[1]	(3,093,916)
Ying Tian [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	2,533,392
Repayment	[1]	(4,129,493)
Teng Xin [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	1,386,001		216,503
Repayment	[1]	(1,459,464)		(216,503)
Shi Lin [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	1,335,008		379,602
Repayment	[1]			(2,025,461)
Shi Lin [Member]
Related Party Transaction [Line Items]
Borrowings		575,191	[1]
Repayment		(575,191)	[1]
Li Bo [Member]
Related Party Transaction [Line Items]
Borrowings		442,134	[1]
Repayment		(442,134)	[1]
Skinist Shanghai [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	54,053
Repayment	[1]	(54,053)
Jian Tong [Member]
Related Party Transaction [Line Items]
Borrowings	[1]
Repayment	[1]	(2,663,247)
Yuancheng [Member]
Related Party Transaction [Line Items]
Borrowings				1,443,356
Repayment
Mr. Wang Jun [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	20,641
Repayment	[1]	(39,041)
Mr. Tang Jing [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	20,641
Repayment	[1]	(72,706)
Mr. Zhu Jian [Member]
Related Party Transaction [Line Items]
Borrowings	[1]	18,968
Repayment	[1]	(66,888)		(1,443,356)
Mr. Tang Yuhua [Member]
Related Party Transaction [Line Items]
Borrowings	[1]			1,563,154
Repayment	[1]	(76,133)		(526,825)
Mr. Wang Jixiang [Member]
Related Party Transaction [Line Items]
Borrowings	[1]			288,672
Repayment	[1]	$ (237,933)

[1] During the six months ended June 30, 2024 and 2023, the Company borrowed $9,486,075 and $5,835,307 from these related parties, respectively. The borrowings were interest free, and outstanding loans are repayable within twelve months from borrowings.

Related Party Transactions an_8

Related Party Transactions and Balances (Details) - Schedule of Due from Related Parties - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Skinist Shanghai [Member] \| Related parties
Related Party Transaction [Line Items]
Other receivable		$ 18,311

Related Party Transactions an_9

Related Party Transactions and Balances (Details) - Schedule of Due to Related Parties, Current - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Mr. Zhu Jian [Member]
Other Payable
Due to related parties, current	$ 430,961	$ 478,880
Skinist Global [Member]
Other Payable
Due to related parties, current	6,130
Teng Xin [Member]
Other Payable
Due to related parties, current		73,463
Related Party [Member]
Other Payable
Due to related parties, current	$ 437,091	$ 552,343

Related Party Transactions a_10

Related Party Transactions and Balances (Details) - Schedule of Due to Related Parties ,Non-Current - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Healthy Great [Member]
Dividends payable(1)
Dividends payable	[1]	$ 4,962,933	$ 4,980,486
Smartest Star [Member]
Dividends payable(1)
Dividends payable	[1]	1,093,038	1,111,877
Scenery [Member]
Dividends payable(1)
Dividends payable	[1]	410,778	429,845
Mr. Zhu Jian [Member]
Dividends payable(1)
Dividends payable	[1]	6,914,936	6,912,634
Mr. Wang Jun [Member]
Dividends payable(1)
Dividends payable	[1]	1,319,890	1,319,451
Mr. Tang Jing [Member]
Dividends payable(1)
Dividends payable	[1]	1,004,338	1,004,003
Other payable(2)
Other payable	[2]	1,414,575	1,447,908
Related Party [Member]
Dividends payable(1)
Dividends payable	[1]	15,705,913	15,758,296
Other payable(2)
Other payable	[2]	7,384,047	10,655,787
Due to related parties, non-current, Total		23,089,960	26,414,083
Ying Tian [Member]
Other payable(2)
Other payable	[2]		1,596,102
Jian Tong [Member]
Other payable(2)
Other payable	[2]	272,006	2,935,253
Mr. Tang Yuhua [Member]
Other payable(2)
Other payable	[2]	3,230,956	3,307,089
Mr. Wang Jixiang [Member]
Other payable(2)
Other payable	[2]	1,131,502	1,369,435
Shi Lin [Member]
Other payable(2)
Other payable	[2]	$ 1,335,008

[1] As of June 30, 2024 and December 31, 2023, the dividends payable represented the declared but unpaid dividends to the shareholders. During the six months ended June 30, 2024, the shareholders agreed to extend the payments of dividends to January 2026 and the Company classified the balance to “due to related parties, non-current”. As of June 30, 2024 and December 31, 2023, the other payables represented borrowings from the related parties. The borrowings were interest free and repayable in January 2025. During the six months ended June 30, 2024, the related parties agreed to extend the payments of borrowings to January 2026 and the Company classified the balance to “due to related parties, non-current”.

Concentration (Details) - Sched

Concentration (Details) - Schedule of Concentration		6 Months Ended				12 Months Ended
Concentration (Details) - Schedule of Concentration		Jun. 30, 2024		Jun. 30, 2023		Dec. 31, 2023
Customer Concentration Risk [Member] \| Customer A [Member] \| Net Revenues [Member]
Concentration Risk [Line Items]
Concentration percentage		30%			[1]
Customer Concentration Risk [Member] \| Customer A [Member] \| Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration percentage		25%				13%
Customer Concentration Risk [Member] \| Customer B [Member] \| Net Revenues [Member]
Concentration Risk [Line Items]
Concentration percentage		15%			[1]
Customer Concentration Risk [Member] \| Customer C [Member] \| Net Revenues [Member]
Concentration Risk [Line Items]
Concentration percentage			[1]	22%
Customer Concentration Risk [Member] \| Customer C [Member] \| Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration percentage			[1]			11%
Customer Concentration Risk [Member] \| Customer D [Member] \| Net Revenues [Member]
Concentration Risk [Line Items]
Concentration percentage	[1]			29%
Customer Concentration Risk [Member] \| Customer D [Member] \| Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration percentage		30%				30%
Customer Concentration Risk [Member] \| Customer E [Member] \| Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration percentage		13%					[1]
Vendor Concentration [Member] \| Cost of Revenues [Member] \| Vendor A [Member]
Concentration Risk [Line Items]
Concentration percentage		43%		38%
Vendor Concentration [Member] \| Cost of Revenues [Member] \| Vendor B [Member]
Concentration Risk [Line Items]
Concentration percentage		25%		35%
Vendor Concentration [Member] \| Accounts Payable [Member] \| Vendor C [Member]
Concentration Risk [Line Items]
Concentration percentage		36%				69%
Vendor Concentration [Member] \| Accounts Payable [Member] \| Vendor D [Member]
Concentration Risk [Line Items]
Concentration percentage		28%				16%
Vendor Concentration [Member] \| Accounts Payable [Member] \| Vendor E [Member]
Concentration Risk [Line Items]
Concentration percentage		18%				10%

[1] Less than 10%

Contingent Consideration (Detai

Contingent Consideration (Details) - USD ($)	6 Months Ended		12 Months Ended
Contingent Consideration (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Nov. 20, 2024	Aug. 17, 2023
Contingent Consideration [Line Items]
Net revenue	$ 62,751,271	$ 81,663,901
Class B Ordinary Shares [Member]
Contingent Consideration [Line Items]
Additional ordinary shares	1,600,000
Earn Out Shares [Member]
Contingent Consideration [Line Items]
Price per share						$ 5.85
Business Combination [Member]
Contingent Consideration [Line Items]
Net revenue				$ 170,000,000
Forecast [Member]
Contingent Consideration [Line Items]
Additional ordinary shares			1,600,000
Net revenue			$ 200,000,000
Price per share					$ 0.645

Subsequent Events (Details)

Subsequent Events (Details) - Forecast [Member] - USD ($)		1 Months Ended
Subsequent Events (Details) - Forecast [Member] - USD ($)	Nov. 20, 2024	Sep. 30, 2024
Subsequent Events [Line Items]
Original issue discount		$ 20
Percentage of lowest volume weighted average trading price		75%
Conversion price per share	$ 0.645
Conversion Warrants [Member]
Subsequent Events [Line Items]
Issued aggregation	7,751,939
Convertible Notes [Member]
Subsequent Events [Line Items]
Aggregate principal amount		$ 5,000,000
Interest percentage		8%
Class B Ordinary Shares [Member]
Subsequent Events [Line Items]
Conversion price per shares		$ 0.6
Issued aggregation	7,751,939