Smart Powerr (CREG) 10-K8 May 232022 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2022	May 08, 2023	Jun. 30, 2022
Document Information Line Items
Entity Registrant Name	SMART POWERR CORP.
Trading Symbol	CREG
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		7,633,533
Entity Public Float			$ 15.3
Amendment Flag	false
Entity Central Index Key	0000721693
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	90-0093373
Entity Address, Address Line One	4/F, Tower C Rong Cheng Yun Gu Building Keji 3rd Road
Entity Address, Address Line Two	Yanta District
Entity Address, City or Town	Xi An City
Entity Address, Address Line Three	Shaan Xi Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	710075
City Area Code	(011)
Local Phone Number	86-29-8765-1097
Title of 12(b) Security	Common Stock, $0.001 par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	No
Auditor Name	Kreit & Chiu, CPA LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	6651
Entity File Number	000-12536

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash	$ 138,813,673	$ 152,011,887
VAT receivable	173,589	189,622
Prepaid expenses	31,923	34,872
Operating lease right-of-use assets, net	62,177
Other receivables	49,690	880,612
Total current assets	139,131,052	153,116,993
NON-CURRENT ASSETS
Long term deposit		17,192
Operating lease right-of-use assets, net		132,549
Fixed assets, net	4,653	5,728
Total non-current assets	4,653	155,469
TOTAL ASSETS	139,135,705	153,272,462
CURRENT LIABILITIES
Accounts payable	71,271	77,854
Taxes payable	3,681,352	3,075,233
Accrued interest on notes	261,035	333,443
Notes payable, net of unamortized OID of $31,250 and $225,605, respectively	5,697,727	6,741,444
Accrued liabilities and other payables	2,776,414	632,808
Operating lease liability	62,178	67,920
Due to related parties		27,357
Payable for purchase of 10% equity interest of Zhonghong	430,750	470,537
Interest payable on entrusted loans	347,249	379,323
Entrusted loan payable	11,055,911	12,077,105
Total current liabilities	24,383,887	23,883,024
NONCURRENT LIABILITIES
Income tax payable	3,958,625	4,566,625
Operating lease liability		64,628
Total noncurrent liabilities	3,958,625	4,631,253
Total liabilities	28,342,512	28,514,277
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS’ EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized, 7,391,996 and 7,044,408 shares issued and outstanding as of December 31, 2022 and 2021, respectively	7,392	7,044
Additional paid in capital	163,663,305	161,531,565
Statutory reserve	15,168,003	15,180,067
Accumulated other comprehensive income	(8,318,564)	3,321,189
Accumulated deficit	(59,726,943)	(55,281,680)
Total Company stockholders’ equity	110,793,193	124,758,185
TOTAL LIABILITIES AND EQUITY	$ 139,135,705	$ 153,272,462

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Notes payable (in Dollars)	$ 31,250	$ 225,605
Equity interest rate	10%	10%
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	7,391,996	7,044,408
Common stock, shares outstanding	7,391,996	7,044,408

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue
Contingent rental income
Interest income on sales-type leases
Total operating income
Operating expenses
Bad debts reversal		(34,688)
Litigation expense	2,281,277
General and administrative	1,599,156	842,842
Total operating expenses	3,880,433	808,154
Loss from operations	(3,880,433)	(808,154)
Non-operating income (expenses)
Loss on note conversion	(135,103)	(151,275)
Interest income	431,489	414,468
Interest expense	(686,581)	(3,106,965)
Gain on termination of buy-back agreement of Chengli project		3,165,887
Impairment loss on long-term equity investment		(11,625,195)
Other expenses, net	(117,047)	(172,096)
Total non-operating expenses, net	(507,242)	(11,475,176)
Loss before income tax	(4,387,675)	(12,283,330)
Income tax expense (benefit)	69,652	(53,140)
Net loss	(4,457,327)	(12,230,190)
Other comprehensive items
Foreign currency translation income (expense)	(11,639,753)	3,047,749
Comprehensive loss	$ (16,097,080)	$ (9,182,441)
Weighted average shares used for computing basic loss per share (in Shares)	7,334,971	5,608,631
Basic net loss per share (in Dollars per share)	$ (0.61)	$ (2.18)

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Weighted average shares used for computing diluted loss per share	7,334,971	5,608,631
Diluted net loss per share	$ (0.61)	$ (2.18)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock	Paid in Capital	Statutory Reserves	Other Comprehensive (Loss) / Income	Accumulated Deficit	Total
Balance at Dec. 31, 2020	$ 3,177	$ 119,748,999	$ 15,155,042	$ 273,440	$ (43,026,465)	$ 92,154,193
Balance (in Shares) at Dec. 31, 2020	3,177,050
Net loss for the year					(12,230,190)	(12,230,190)
Shares to be issued		38,253,041				38,253,041
Conversion of long-term notes into common shares	$ 576	4,000,698				4,001,274
Conversion of long-term notes into common shares (in Shares)	576,108
Issuance of common stock for equity financing	$ 3,320	(3,320)
Issuance of common stock for equity financing (in Shares)	3,320,000
Return of shares issued to CEO for equity financing	$ (60)	(691,260)				(691,320)
Return of shares issued to CEO for equity financing (in Shares)	(60,000)
Stock Compensation expense	$ 31	223,407				223,438
Stock Compensation expense (in Shares)	31,250
Transfer to Statutory Reserves			25,025		(25,025)
Foreign currency translation gain				3,047,749		3,047,749
Balance at Dec. 31, 2021	$ 7,044	161,531,565	15,180,067	3,321,189	(55,281,680)	124,758,185
Balance (in Shares) at Dec. 31, 2021	7,044,408
Net loss for the year					(4,457,327)	(4,457,327)
Conversion of long-term notes into common shares	$ 348	2,131,740				2,132,088
Conversion of long-term notes into common shares (in Shares)	347,588
Stock Compensation expense
Transfer to Statutory Reserves			(12,064)		12,064
Foreign currency translation gain				(11,639,753)		(11,639,753)
Balance at Dec. 31, 2022	$ 7,392	$ 163,663,305	$ 15,168,003	$ (8,318,564)	$ (59,726,943)	$ 110,793,193
Balance (in Shares) at Dec. 31, 2022	7,391,996

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,457,327)	$ (12,230,190)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of OID and debt issuing costs of notes	194,355	168,750
Depreciation and amortization	612	638
Stock compensation expense		223,438
Operating lease expenses	65,185	67,959
Bad debt reversal		(34,688)
Loss on note conversion	135,103	151,275
Interest expense	229,015	2,189,811
Impairment loss on long-term equity investment		11,625,195
Gain on termination of buy-back agreement of Chengli Project		(3,165,887)
Accounts receivable		346,876
Prepaid expenses	857,500	(826,355)
Other receivables	7,822	3,610
VAT receivable		(187,394)
Taxes payable	1,086	(686,897)
Payment of lease liability	(65,185)	(67,959)
Interest payable on entrusted loan		374,865
Accrued liabilities and other payables	2,679,954	434,495
Net cash used in operating activities	(351,880)	(1,612,458)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes payable		5,000,000
Issuance of common stock		37,561,721
Net cash provided by financing activities		42,561,721
EFFECT OF EXCHANGE RATE CHANGE ON CASH	(12,846,334)	3,258,612
NET INCREASE (DECREASE) IN CASH	(13,198,214)	44,207,874
CASH, BEGINNING OF YEAR	152,011,887	107,804,013
CASH, END OF YEAR	138,813,673	152,011,887
Supplemental cash flow data:
Income tax paid	68,648	208,847
Interest paid
Settlement of entrusted loan resulting from termination of buy-back option for Chengli project		29,239,619
Adoption of ASC 842-right-of-use asset		191,790
Adoption of ASC 842-operating lease liability		191,790
Supplemental disclosure of non-cash financing activities
Conversion of notes into common shares	$ 1,996,986	$ 3,850,000

Organization and Description of

Organization and Description of Business	12 Months Ended
Organization and Description of Business	Dec. 31, 2022
Organization and Description of Business [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	1. ORGANIZATION AND DESCRIPTION OF BUSINESS Smart Powerr Corp. (the “Company” or “SPC”) was incorporated in Nevada, and was formerly known as China Recycling Entergy Corporation. The Company, through its subsidiaries, provides energy saving solutions and services, including selling and leasing energy saving systems and equipment to customers, and project investment in the Peoples Republic of China (“PRC”). The Company’s organizational chart as of December 31, 2022 is as follows: Erdos TCH – Joint Venture On April 14, 2009, the Company formed a joint venture (the “JV”) with Erdos Metallurgy Co., Ltd. (“Erdos”) to recycle waste heat from Erdos’ metal refining plants to generate power and steam to be sold back to Erdos. The name of the JV was Inner Mongolia Erdos TCH Energy Saving Development Co., Ltd. (“Erdos TCH”) with a term of 20 years. Erdos contributed 7% of the total investment of the project, and Xi’an TCH Energy Technology Co., Ltd. (“Xi’an TCH”) contributed 93%. On June 15, 2013, Xi’an TCH and Erdos entered into a share transfer agreement, pursuant to which Erdos sold its 7% ownership interest in the JV to Xi’an TCH for $1.29 million (RMB 8 million), plus certain accumulated profits. Xi’an TCH paid the $1.29 million in July 2013 and, as a result, became the sole stockholder of the JV. Erdos TCH currently has two power generation systems in Phase I with a total of 18 MW power capacity, and three power generation systems in Phase II with a total of 27 MW power capacity. On April 28, 2016, Erdos TCH and Erdos entered into a supplemental agreement, effective May 1, 2016, whereby Erdos TCH cancelled monthly minimum lease payments from Erdos, and started to charge Erdos based on actual electricity sold at RMB 0.30 / KWH. The selling price of each KWH is determined annually based on prevailing market conditions. In May 2019, Erdos TCH ceased its operations due to renovations and furnace safety upgrades of Erdos, and the Company initially expected the resumption of operations in July 2020, but the resumption of operations was further delayed due to government’s mandate for Erdos to significantly lower its energy consumption per unit of GDP by implementing a comprehensive technical upgrade of its ferrosilicon production line to meet the City’s energy-saving targets. Erdos is currently researching the technical rectification scheme. Once the scheme is determined, Erdos TCH will carry out technical transformation for its waste heat power station project. During this period, Erdos will compensate Erdos TCH RMB 1 million ($154,238) per month, until operations resume. The Company has not recognized any income due to the uncertainty of collection. In addition, Erdos TCH has 30% ownership in DaTangShiDai (BinZhou) Energy Savings Technology Co., Ltd. (“BinZhou Energy Savings”), 30% ownership in DaTangShiDai DaTong Recycling Energy Technology Co., Ltd. (“DaTong Recycling Energy”), and 40% ownership in DaTang ShiDai TianYu XuZhou Recycling Energy Technology Co, Ltd. (“TianYu XuZhou Recycling Energy”). These companies were incorporated in 2012 but had no operations since then nor has any registered capital contribution been made. Chengli Waste Heat Power Generation Projects On July 19, 2013, Xi’an TCH formed a new company, “Xi’an Zhonghong New Energy Technology Co., Ltd.” (“Zhonghong”), of which it owns 90% of Zhonghong, with HYREF owning the other 10%. Zhonghong provides energy saving solution and services, including constructing, selling and leasing energy saving systems and equipment to customers. On December 29, 2018, Shanghai TCH entered into a Share Transfer Agreement with HYREF, pursuant to which HYREF transferred its 10% ownership in Zhonghong to Shanghai TCH for RMB 3 million ($0.44 million). The transfer was completed on January 22, 2019. The Company owns 100% of Xi’an Zhonghong after the transaction. On July 24, 2013, Zhonghong entered into a Cooperative Agreement of CDQ and CDQ WHPG Project (Coke Dry Quenching Waste Heat Power Generation Project) with Boxing County Chengli Gas Supply Co., Ltd. (“Chengli”). The parties entered into a supplement agreement on July 26, 2013. Pursuant to these agreements, Zhonghong will design, build and maintain a 25 MW CDQ system and a CDQ WHPG system to supply power to Chengli, and Chengli will pay energy saving fees (the “Chengli Project”). On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, HYREF, Guohua Ku, and Mr. Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement, pursuant to which Xi’an Zhonghong transferred Chengli CDQ WHPG station (‘the Station”) as the repayment for the loan of RMB 188,639,400 ($27.54 million) to HYREF. Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong Bai also agreed to a Buy Back Agreement for the Station when certain conditions are met (see Note 8). The transfer of the Station was completed on January 22, 2019, when the Company recorded a $624,133 loss from this transfer. However, because the loan was not deemed repaid due to the buyback provision (See Note 8 for detail), the Company kept the loan and the Chengli project in its consolidated financial statements (“CFS”) until April 9, 2021. The Buy Back Agreement was terminated on April 9, 2021, HYREF did not execute the buy-back option and did not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. Formation of Zhongxun On March 24, 2014, Xi’an TCH incorporated a subsidiary, Zhongxun Energy Investment (Beijing) Co., Ltd. (“Zhongxun”) with registered capital of $5,695,502 (RMB 35,000,000), which must be contributed before October 1, 2028. Zhongxun is 100% owned by Xi’an TCH and will be mainly engaged in project investment, investment management, economic information consulting, and technical services. Zhongxun has not commenced operations nor has any capital contribution been made as of the date of this report. Formation of Yinghua On February 11, 2015, the Company incorporated a subsidiary, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) with registered capital of $30,000,000, to be paid within 10 years from the date the business license is issued. Yinghua is 100% owned by the Company and will be mainly engaged in financial leasing, purchase of financial leasing assets, disposal and repair of financial leasing assets, consulting and ensuring of financial leasing transactions, and related factoring business. Yinghua has not commenced operations nor has any capital contribution been made as of the date of this report. Other Events In December 2019, a novel strain of coronavirus (COVID-19) was reported, and the World Health Organization declared the outbreak to constitute a “Public Health Emergency of International Concern.” This contagious disease outbreak, which continues to spread to additional countries, and disrupts supply chains and affecting production and sales across a range of industries as a result of quarantines, facility closures, and travel and logistics restrictions in connection with the outbreak. The COVID-19 outbreak impacted the Company’s operations for the first quarter of 2020. However, as a result of PRC government’s effort on disease control, most cities in China were reopened in April 2020, the outbreak in China is under the control. From April 2020 to the end of 2021, there were some new COVID-19 cases discovered in a few provinces of China, however, the number of new cases are not significant due to PRC government’s strict control. In 2022, COVID-19 case fluctuated and increased again in many cities of China including Xi’an Province where the Company is located; as a result of such increases, there have been periodic short-term lockdowns and restrictions on travel in Xi’an Province and other areas of China, the Company’s operations have been adversely impacted by the travel and work restrictions imposed on a temporary basis in China to limit the spread of COVID-19. Since January 2023, China has dropped all COVID restrictions. On July 27, 2021, the Company filed a certificate of change to the Company’s Articles of Incorporation with the Secretary of State of the State of Nevada to increase the total number of the Company’s authorized shares of common stock from 10,000,000 to 100,000,000, par value $0.001 per share. On March 3, 2022, the Company filed with the Secretary of State of the State of Nevada a Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation to change our corporate name from China Recycling Energy Corporation to Smart Powerr Corp, effective March 3, 2022.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2022
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements (“CFS”) are prepared in conformity with U.S. Generally Accepted Accounting Principles (“US GAAP”). The functional currency of the Company’s operating entities is Chinese Renminbi (“RMB”). The accompanying consolidated financial statements are translated from RMB and presented in U.S. dollars (“USD”). Basis of Consolidation The CFS include the accounts of SPC and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings; Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“Shanghai TCH”); Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”); and Xi’an TCH’s subsidiaries, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as of December 31, 2022. However, there was no revenue for the Company for the years ended December 31, 2022 and 2021. All significant inter-company accounts and transactions were eliminated in consolidation. Uses and Sources of Liquidity For the years ended December 31, 2022 and 2021, the Company had a net loss of $4.46 million and $12.23 million, respectively. The Company had an accumulated deficit of $59.73 million as of December 31, 2022. The Company disposed all of its systems and currently holds five power generating systems through Erdos TCH, the five power generating systems are currently not producing any electricity. The Company is in the process of transforming and expanding into an energy storage integrated solution provider. The Company plans to pursue disciplined and targeted expansion strategies for market areas the Company currently does not serve. The Company actively seeks and explores opportunities to apply energy storage technologies to new industries or segments with high growth potential, including industrial and commercial complexes, large scale photovoltaic (PV) and wind power stations, remote islands without electricity, and smart energy cities with multi-energy supplies. The Company’s cash flow forecast indicates it will have sufficient cash to fund its operations for the next 12 months from the date of issuance of these CFS. Use of Estimates In preparing these CFS in accordance with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets as well as revenues and expenses during the period reported. Actual results may differ from these estimates. On an on-going basis, management evaluates its estimates, including those allowances for bad debt and inventory obsolescence, impairment loss on fixed assets and construction in progress, income taxes, and contingencies and litigation. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources. Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation and had no effect on previously reported consolidated net income (loss) or accumulated deficit. Revenue Recognition A) Sales-type Leasing and Related Revenue Recognition The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 842. The Company’s sales type lease contracts for revenue recognition fall under ASC 842. During the years ended December 31, 2022 and 2021, the Company did not sell any new power generating projects. The Company constructs and leases waste energy recycling power generating projects to its customers. The Company typically transfers legal ownership of the waste energy recycling power generating projects to its customers at the end of the lease. The Company finances construction of waste energy recycling power generating projects. The sales and cost of sales are recognized at the inception of the lease, which is when control is transferred to the lessee. The Company accounts for the transfer of control as a sales type lease in accordance with ASC 842-10-25-2. The underlying asset is derecognized, and revenue is recorded when collection of payments is probable. This is in accordance with the revenue recognition principle in ASC 606 - Revenue from contracts with customers. The investment in sales-type leases consists of the sum of the minimum lease payments receivable less unearned interest income and estimated executory cost. Minimum lease payments are part of the lease agreement between the Company (as the lessor) and the customer (as the lessee). The discount rate implicit in the lease is used to calculate the present value of minimum lease payments. The minimum lease payments consist of the gross lease payments net of executory costs and contingent rentals, if any. Unearned interest is amortized to income over the lease term to produce a constant periodic rate of return on net investment in the lease. While revenue is recognized at the inception of the lease, the cash flow from the sales-type lease occurs over the course of the lease, which results in interest income and reduction of receivables. Revenue is recognized net of value-added tax. B) Contingent Rental Income The Company records income from actual electricity generated of each project in the period the income is earned, which is when the electricity is generated. Contingent rent is not part of minimum lease payments. Operating Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for an operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. Lease expense is recognized on a straight-line basis over the lease term. ROU assets are reviewed for impairment when indicators of impairment are present. ROU assets from operating and finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment, as ROU assets are long-lived nonfinancial assets. ROU assets are tested for impairment individually or as part of an asset group if the cash flows related to the ROU asset are not independent from the cash flows of other assets and liabilities. An asset group is the unit of accounting for long-lived assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. The Company recognized no impairment of ROU assets as of December 31, 2022 and 2021. Operating leases are included in operating lease ROU and operating lease liabilities (current and non-current), on the consolidated balance sheets. Cash Cash includes cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date. Accounts Receivable The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. As of December 31, 2022 and 2021, the Company had no accounts receivable. Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within China. Balances at financial institutions and state-owned banks within the PRC are covered by insurance up to RMB 500,000 ($71,792) per bank. Any balance over RMB 500,000 ($71,792) per bank in PRC will not be covered. At December 31, 2022, cash held in PRC banks of $138,709,389 was not covered by such insurance. The Company has not experienced any losses in such accounts. Certain other financial instruments, which subject the Company to concentration of credit risk, consist of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. The operations of the Company are in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method over the estimated lives as follows: Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years Impairment of Long-lived Assets In accordance with FASB ASC Topic 360, “Property, Plant, and Equipment Cost of Sales Cost of sales consists primarily of the direct material of the power generating system and expenses incurred directly for project construction for sales-type leasing and sales tax and additions for contingent rental income. Income Taxes Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows FASB ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under FASB ASC Topic 740, when tax returns are filed, it is likely that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits is classified as interest expense and penalties are classified in selling, general and administrative expenses in the statement of income. At December 31, 2022 and 2021, the Company did not take any uncertain positions that would necessitate recording a tax related liability. Statement of Cash Flows In accordance with FASB ASC Topic 230, “Statement of Cash Flows,” Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, other receivables, accounts payable, accrued liabilities and short-term debts, the carrying amounts approximate their FVs due to their short maturities. Receivables on sales-type leases are based on interest rates implicit in the lease. FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” “Financial Instruments,” ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to FV measurement. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC 480, “Distinguishing Liabilities from Equity,” “Derivatives and Hedging.” As of December 31, 2022 and 2021, the Company did not have any long-term debt; and the Company did not identify any assets or liabilities that are required to be presented on the balance sheet at FV. Stock-Based Compensation The Company accounts for share-based compensation awards to employees in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that share-based payment transactions with employees be measured based on the grant-date FV of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic 505-50, “Equity-Based Payments to Non-employees”. Share-based compensation associated with the issuance of equity instruments to non-employees is measured at the FV of the equity instrument issued or committed to be issued, as this is more reliable than the FV of the services received. The FV is measured at the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. The Company follows ASU 2018-07, “Compensation — Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” which expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements of ASC 718 to non-employee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. ASC 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. Basic and Diluted Earnings per Share The Company presents net income (loss) per share (“EPS”) in accordance with FASB ASC Topic 260, “Earning Per Share.” For the years ended December 31, 2022 and 2021, the basic and diluted income (loss) per share were the same due to the anti-dilutive features of the warrants and options. For the years ended December 31, 2022 and 2021, of 30,911 shares purchasable under warrants and options were excluded from the EPS calculation as these were not dilutive due to the exercise price was more than the stock market price. Foreign Currency Translation and Comprehensive Income (Loss) The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into U.S. Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income.” Gains and losses resulting from foreign currency transactions are included in income. The Company follows FASB ASC Topic 220, “Comprehensive Income.” Segment Reporting FASB ASC Topic 280, “Segment Reporting,” New Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact that the standard will have on its CFS. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its CFS. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future CFS.

Other Receivables

Other Receivables	12 Months Ended
Other Receivables	Dec. 31, 2022
Receivables [Abstract]
OTHER RECEIVABLES	3. OTHER RECEIVABLES As of December 31, 2022, other receivables mainly consisted of (i) advances to third parties of $7,179, bearing no interest, payable upon demand, ii) advance to suppliers of $2,583 and (iii) others of $19,579. As of December 31, 2021, other receivables mainly consisted of (i) advances to third parties of $7,842, bearing no interest, payable upon demand, (ii) advance to employees of $7,618, (iii) advance to suppliers of $2,821 and (iv) others of $862,331 including social insurance receivable of $4,831, prepayment of R&D expense of $850,000, and others of $7,500. On August 2, 2021, the Company entered a Research and Development (“R&D”) Cooperation Agreement with a software development company to design, establish, upgrade and maintenance of Smart Energy Management Cloud Platform for energy storage and remote-site monitoring; upon completion, the Company will provide such platform to its customers at a fee. Total contracted research and development cost is $1,000,000, as of December 31, 2022, the Company paid $200,000 as R&D expense, and was committed to pay remaining $800,000 after trial operation. During the year ended December 31, 2022, the Company expensed $200,000 R&D expense. On August 23, 2021, the Company entered a Market Research and Project Development Service Agreement with a consulting company in Xi’an for a service period of 12 months. The consulting company will perform market research for new energy industry including photovoltaic and energy storage, develop potential new customers and due diligence check, assisting the Company for business cooperation negotiation and relevant agreements preparation. Total contract amount is $1,150,000, and the Company paid $650,000 at commencement of the service and recorded as R&D expense; the Company will pay $200,000 upon issuance of the research report, and pay the remaining of $300,000 upon completion all the services. During the year ended December 31, 2022, the Company expensed $650,000 R&D expense. As of December 31, 2022, due to the impact of the epidemic, it is difficult to conduct field research and collect effective information, the market research work is making slow progress and can only be proceed after PRC overall epidemic improves.

Asset Subject to Buyback

Asset Subject to Buyback	12 Months Ended
Asset Subject to Buyback	Dec. 31, 2022
Asset Subject To Buyback And Construction In Progress Abstract
ASSET SUBJECT TO BUYBACK	4. ASSET SUBJECT TO BUYBACK The Chengli project finished construction, and was transferred to the Company’s fixed assets at a cost of $35.24 million (without impairment loss) and was ready to be put into operation as of December 31, 2018. On January 22, 2019, Xi’an Zhonghong completed the transfer of Chengli CDQ WHPG project as partial repayment for the loan and accrued interest of RMB 188,639,400 ($27.54 million) to HYREF (see Note 8). On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. As a result of the termination of the buy-back agreement, the Company recorded a gain of approximately $3.1 million from transferring the CDP WHPG station to HYREF as partial repayment of the entrusted loan, which is the difference between the carrying value of the assets and loan and interest payable on the loan.

Accrued Liabilities and Other P

Accrued Liabilities and Other Payables	12 Months Ended
Accrued Liabilities and Other Payables	Dec. 31, 2022
Payables and Accruals [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLES	5. ACCRUED LIABILITIES AND OTHER PAYABLES Accrued liabilities and other payables consisted of the following as of December 31, 2022 and 2021: 2022 2021 Education and union fund and social insurance payable $ 270,116 $ 272,352 Consulting and legal expenses - 31,924 Accrued payroll and welfare 251,021 287,026 Accrued litigation 2,203,149 - Other 52,128 41,506 Total $ 2,776,414 $ 632,808 Accrued litigation was mainly for court enforcement fee, fee to lawyer, penalty and other fees (see Note 15).

Taxes Payable

Taxes Payable	12 Months Ended
Taxes Payable	Dec. 31, 2022
Tax Payable [Abstract]
TAXES PAYABLE	6. TAXES PAYABLE Taxes payable consisted of the following as of December 31, 2022 and December 31, 2021: 2022 2021 Income tax $ 7,639,832 $ 7,641,787 Other 145 71 Total 7,639,977 7,641,858 Current 3,681,352 3,075,233 Noncurrent $ 3,958,625 $ 4,566,625 As of December 31, 2022, income tax payable included $7.61 million ($3.65 million included in current tax payable and $3.96 million noncurrent) from recording the estimated one-time transition tax on post-1986 foreign unremitted earnings under the Tax Cut and Jobs Act signed on December 22, 2017. An election was available for the U.S. shareholders of a foreign company to pay the tax liability in installments over a period of eight years with 8% of net tax liability in each of the first five years, 15% in the sixth year, 20% in the seventh year, and 25% in the eighth year. The Company made such an election.

Deferred Tax, Net

Deferred Tax, Net	12 Months Ended
Deferred Tax, Net	Dec. 31, 2022
Deferred Tax, Net [Abstract]
DEFERRED TAX, NET	7. DEFERRED TAX, NET Deferred tax assets resulted from asset impairment loss which was temporarily non-tax deductible for tax purposes but expensed in accordance with US GAAP; interest income in sales-type leases which was recognized as income for tax purposes but not for book purpose as it did not meet revenue recognition in accordance with US GAAP; accrued employee social insurance that can be deducted for tax purposes in the future, and the difference between tax and accounting basis of cost of fixed assets which was capitalized for tax purposes and expensed as part of cost of systems in accordance with US GAAP. Deferred tax liability arose from the difference between tax and accounting basis of net investment in sales-type leases. As of December 31, 2022 and 2021, deferred tax assets consisted of the following: 2022 2021 Accrued expenses $ 57,611 $ 61,301 Write-off Erdos TCH net investment in sales-type leases * 4,579,725 6,299,343 Impairment loss of Xi’an TCH’s investment into the HYREF fund 2,692,186 2,940,854 US NOL 730,855 463,508 PRC NOL 9,118,123 10,189,545 Total deferred tax assets 17,178,500 19,954,551 Less: valuation allowance for deferred tax assets (17,178,500 ) (19,954,551 ) Deferred tax assets, net $ - $ - * This represents the tax basis of Erdos TCH investment in sales type leases, which was written off under US GAAP upon modification of lease terms, which made the lease payments contingent upon generation of electricity.

Loan Payable

Loan Payable	12 Months Ended
Loan Payable	Dec. 31, 2022
Loan Payable [Abstract]
LOAN PAYABLE	8. LOAN PAYABLE Entrusted Loan Payable (HYREF Loan) The HYREF Fund was established in July 2013 with a total fund of RMB 460 million ($77 million) invested in Xi’an Zhonghong for Zhonghong’s three new CDQ WHPG projects. The HYREF Fund invested RMB 3 million ($0.5 million) as an equity investment and RMB 457 million ($74.5 million) as a debt investment in Xi’an Zhonghong; in return for such investments, the HYREF Fund was to receive interest from Zhonghong for the HYREF Fund’s debt investment. The loan was collateralized by the accounts receivable and the fixed assets of Shenqiu Phase I and II power generation systems; the accounts receivable and fixed assets of Zhonghong’s three CDQ WHPG systems; and a 27 million RMB ($4.39 million) capital contribution made by Xi’an TCH in Zhonghong. Repayment of the loan (principal and interest) was also jointly and severally guaranteed by Xi’an TCH and the Chairman and CEO of the Company. In the fourth quarter of 2015, three power stations of Erdos TCH were pledged to Industrial Bank as an additional guarantee for the loan to Zhonghong’s three CDQ WHPG systems. In 2016, two additional power stations of Erdos TCH and Pucheng Phase I and II systems were pledged to Industrial Bank as an additional guarantee along with Xi’an TCH’s equity in Zhonghong. The term of this loan was for 60 months from July 31, 2013 to July 30, 2018, with interest of 12.5%. The Company had paid RMB 50 million ($7.54 million) of the RMB 280 million ($42.22 million), and on August 5, 2016, the Company entered into a supplemental agreement with the lender to extend the due date of the remaining RMB 230 million ($34.68 million) of the original RMB 280 million ($45.54 million) to August 6, 2017. During the year ended December 31, 2017, the Company negotiated with the lender again to further extend the remaining loan balance of RMB 230 million ($34.68 million), RMB 100 million ($16.27 million), and RMB 77 million ($12.08 million) The lender had tentatively agreed to extend the remaining loan balance until August 2019 with an adjusted annual interest rate of 9%, subject to the final approval from its headquarters. The headquarters did not approve the extension proposal with an adjusted interest of 9%; however, on December 29, 2018, the Company and the lender agreed to an alternative repayment proposal as described below. Repayment of HYREF loan 1. Transfer of Chengli project as partial repayment On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, HYREF, Guohua Ku, and Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement, pursuant to which Xi’an Zhonghong transferred Chengli CDQ WHPG station as the repayment for the loan of RMB 188,639,400 ($27.54 million) to HYREF, the transfer of which was completed on January 22, 2019. Xi’an TCH is a secondary limited partner of HYREF. The FV of the CDQ WHPG station applied in the transfer was determined by the parties based upon the appraisal report issued by Zhonglian Assets Appraisal Group (Shaanxi) Co., Ltd. as of August 15, 2018. However, per the discussion below, Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong Bai (the “Buyers”) entered into a Buy Back Agreement, also agreed to buy back the Station when conditions under the Buy Back Agreement are met. Due to the Buy Back agreement, the loan was not deemed repaid, and therefore the Company recognized Chengli project as assets subject to buyback and kept the loan payable remained recognized under ASC 405-20-40-1 as of December 31, 2020. The Buy Back agreement was terminated in April 2021 (see 2 below for detail). 2. Buy Back Agreement On December 29, 2018, Xi’an TCH, Xi’an Zhonghong, HYREF, Guohua Ku, Chonggong Bai and Xi’an Hanneng Enterprises Management Consulting Co. Ltd. (“Xi’an Hanneng”) entered into a Buy Back Agreement. Pursuant to the Buy Back Agreement, the Buyers jointly and severally agreed to buy back all outstanding capital equity of Xi’an Hanneng which was transferred to HYREF by Chonggong Bai (see 3 below), and a CDQ WHPG station in Boxing County which was transferred to HYREF by Xi’an Zhonghong. The buy-back price for the Xi’an Hanneng’s equity was based on the higher of (i) the market price of the equity shares at the time of buy-back; or (ii) the original transfer price of the equity shares plus bank interest. The buy-back price for the Station was based on the higher of (i) the FV of the Station on the date transferred; or (ii) the loan balance at the date of the transfer plus interest accrued through that date. HYREF could request that the Buyers buy back the equity shares of Xi’an Hanneng and/or the CDQ WHPG station if one of the following conditions is met: (i) HYREF holds the equity shares of Xi’an Hanneng until December 31, 2021; (ii) Xi’an Huaxin New Energy Co., Ltd., is delisted from The National Equities Exchange And Quotations Co., Ltd., a Chinese over-the-counter trading system (the “NEEQ”); (iii) Xi’an Huaxin New Energy, or any of the Buyers or its affiliates has a credit problem, including not being able to issue an auditor report or standard auditor report or any control person or executive of the Buyers is involved in crimes and is under prosecution or has other material credit problems, to HYREF’s reasonable belief; (iv) if Xi’an Zhonghong fails to timely make repayment on principal or interest of the loan agreement, its supplemental agreement or extension agreement; (v) the Buyers or any party to the Debt Repayment Agreement materially breaches the Debt Repayment Agreement or its related transaction documents, including but not limited to the Share Transfer Agreement, the Pledged Assets Transfer Agreement, the Entrusted Loan Agreement and their guarantee agreements and supplemental agreements. Due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report, on December 19, 2019, Xi’an TCH, Xi’an Zhonghong, Guohua Ku and Chonggong Bai jointly and severally agreed to buy back all outstanding capital equity of Xi’an Hanneng which was transferred to HYREF by Chonggong Bai earlier. The total buy back price was RMB 261,727,506 ($37.52 million) including accrued interest of RMB 14,661,506 ($2.10 million), and was paid in full by Xi’an TCH on December 20, 2019. On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. The Company recorded a gain of approximately $3.1 million from transferring the CDP WHPG station to HYREF as partial repayment of the entrusted loan resulting from the termination of the buy-back agreement. 3. Transfer of Xuzhou Huayu Project and Shenqiu Phase I & II project to Mr. Bai for partial repayment of HYREF loan On January 4, 2019, Xi’an Zhonghong, Xi’an TCH, and Mr. Chonggong Bai entered into a Projects Transfer Agreement, pursuant to which Xi’an Zhonghong transferred a CDQ WHPG station (under construction) located in Xuzhou City for Xuzhou Huayu Coking Co., Ltd. (“Xuzhou Huayu Project”) to Mr. Bai for RMB 120,000,000 ($17.52 million) and Xi’an TCH transferred two Biomass Power Generation Projects in Shenqiu (“Shenqiu Phase I and II Projects”) to Mr. Bai for RMB 127,066,000 ($18.55 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi’an Hanneng, to HYREF as repayment for the RMB 247,066,000 ($36.07 million) loan made by Xi’an Zhonghong to HYREF as consideration for the transfer of the Xuzhou Huayu Project and Shenqiu Phase I and II Projects. On February 15, 2019, Xi’an Zhonghong completed the transfer of the Xuzhou Huayu Project and Xi’an TCH completed the transfer of Shenqiu Phase I and II Projects to Mr. Bai, and on January 10, 2019, Mr. Bai transferred all the equity shares of his wholly owned company, Xi’an Hanneng, to HYREF as repayment of Xi’an Zhonghong’s loan to HYREF as consideration for the transfer of the Xuzhou Huayu Project and Shenqiu Phase I and II Projects. Xi’an Hanneng is a holding company and was supposed to own 47,150,000 shares of Xi’an Huaxin New Energy Co., Ltd. (“Huaxin”), so that HYREF will indirectly receive and own such shares of Xi’an Huaxin as the repayment for the loan of Zhonghong. Xi’an Hanneng already owned 29,948,000 shares of Huaxin; however, Xi’an Hanneng was not able to obtain the remaining 17,202,000 shares due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report. On December 19, 2019, Xi’an TCH, Xi’an Zhonghong, Guohua Ku and Chonggong Bai jointly and severally agreed to buy back all outstanding capital equity of Xi’an Hanneng which was transferred to HYREF by Chonggong Bai earlier. The total buy back price was RMB 261,727,506 ($37.52 million) including accrued interest of RMB 14,661,506 ($2.10 million), and was paid in full by Xi’an TCH on December 20, 2019. On December 20, 2019, Mr. Bai, Xi’an TCH and Xi’an Zhonghong agreed to have Mr. Bai repay the Company in cash for the transfer price of Xuzhou Huayu and Shenqiu in five installment payments. The 1 st nd rd th On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. The Company recorded a gain of approximately $3.1 million from transferring the CDP WHPG station to HYREF as partial repayment of the entrusted loan resulting from the termination of the buy-back agreement. 4. The lender agreed to extend the repayment of RMB 77.00 million ($12.13 million) to July 8, 2023. However, per court’s judgement on June 28, 2021, the Company should repay principal $12.13 million and accrued interest of $0.38 million within 10 days from the judgment date. The Company has not paid it yet as of this report date, but will pay it in full by the end of 2023. Xi’an TCH had investment RMB 75.00 million ($11.63 million) into the HYREF fund as a secondary limited partner, and the Company recorded an impairment loss of $11.63 million for such investment during the year ended December 31, 2021 due to uncertainty of the collection of the investment. This was impaired as Hongyuan does not have the ability to pay back (see Note 15 – Litigation).

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	9. RELATED PARTY TRANSACTIONS As of December 31, 2022 and 2021, the Company had $0 and $27,357, respectively, in advances from the Company’s management, which bears no interest, is unsecured, and payable upon demand. On February 23, 2021, the Company entered into certain securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company sold to the Purchasers, up to 3,320,000 shares of common stock of the Company, at $11.522 per share. One of the purchasers is the Company’s CEO (who is also the Company’s Chairman), who purchased 1,000,000 common shares of the Company. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 to 940,000. In April 2021 the Company returned to the Company’s CEO the $691,320 in extra proceeds that had been received earlier.

Note Payable, Net

Note Payable, Net	12 Months Ended
Note Payable, Net	Dec. 31, 2022
Convertible Note Payable Net Abstract
NOTE PAYABLE, NET	10. NOTE PAYABLE, NET Promissory Notes in December 2020 On December 4, 2020, the Company entered into a Note Purchase Agreement with an institutional investor, pursuant to which the Company issued the Purchaser a Promissory Note of $3,150,000. The Purchaser purchased the Note with an original issue discount (“OID”) of $150,000, which was recognized as debt discount is amortized using the interest method over the life of the note. The Note bears interest at 8% and has a term of 24 months. All outstanding principal and accrued interest on the Note is due and payable December 3, 2022. The Company’s obligations under the Note may be prepaid at any time, provided that in such circumstance the Company would pay 125% of any amounts outstanding under the Note and being prepaid. Beginning on the date that is six months from the issue date of the Note, Purchaser shall have the right to redeem any amount of this Note up to $500,000 per calendar month by providing written notice to the Company. Upon receipt of the redemption notice from the lender, the Company shall pay the applicable redemption amount in cash to lender within three trading days of receipt of such redemption notice; if the Company fails to pay, then the outstanding balance will automatically be increased by 25%. During the year ended December 31, 2022, the Company amortized OID of $69,355 and recorded $835 interest expense on this Note. During the year ended December 31, 2021, the Company entered into several Exchange Agreements with the lender, pursuant to the Agreements, the Company and Lender partitioned new Promissory Notes of $3,850,000 from the original Promissory Note, including adjustment of $818,914 to increase the principal of the notes during the second quarter of 2021 as a result of the Company’s failure to pay the redemption amount in cash to lender within three trading days from receipt of the redemption notice, the Company recorded $818,914 principal adjustment as interest expense. The Company and Lender exchanged these Partitioned Notes for the delivery of 576,108 shares of the Company’s common stock. The Company recorded $151,275 loss on conversion of these notes in 2021. On January 10, 2022, the Company and Lender exchanged a Partitioned Notes of $346,986 for the delivery of 58,258 shares of the Company’s common stock. The Company recorded $26,193 loss on conversion of this note in 2022. This Promissory Notes was paid in full on January 10, 2022. Promissory Notes in April 2021 On April 2, 2021, the Company entered into a Note Purchase Agreement with an institutional investor, pursuant to which the Company issued to the Purchaser a Promissory Note of $5,250,000. The Purchaser purchased the Note with an OID of $250,000, which was recognized as a debt discount is amortized using the interest method over the life of the note. The Note bears interest at 8% and has a term of 24 months. All outstanding principal and accrued interest on the Note is due and payable on April 1, 2023. The Company’s obligations under the Note may be prepaid at any time, provided that in such circumstance the Company would pay 125% of any amounts outstanding under the Note and being prepaid. Beginning on the date that is six months from the issue date of the Note, Purchaser shall have the right to redeem any amount of this Note up to $825,000 per calendar month by providing written notice to the Company. Upon receipt of the redemption notice from the lender, the Company shall pay the applicable redemption amount in cash to lender within three trading days of receipt of such redemption notice; if the Company fails to pay, then the outstanding balance will automatically be increased by 25%. On October 28, 2021, the lender made an adjustment of $1,370,897 to increase the outstanding principal of the notes as a result of the Company’s failure to pay the redemption amount in cash to lender on time, the Company recorded $1,370,897 principal adjustment as interest expense in 2021. The lender made an adjustment of $229,015 to increase the outstanding principal of the notes based on a forbearance agreement entered on September 14, 2022 resulting from the Company’s default event of being delinquent on SEC filings, the Company recorded the $229,015 principal adjustment as interest expense. During the year ended December 31, 2022, the Company amortized OID of $125,000 and recorded $456,655 interest expense on this Note; and the Company and Lender exchanged these Partitioned Notes of $1,650,000 for the delivery of 289,330 shares of the Company’s common stock. The Company recorded $108,910 loss on conversion of these notes in 2022. As of December 31, 2022, the outstanding principal balance of this note was $5,697,727 (net of unamortized OID of $31,250) with accrued interest of $261,035. The Note was classified as a current liability in accordance with ASC 470-10-45 Other Presentation Matters – General Due on Demand Loan Arrangements.

Shares Issued for Equity Financ

Shares Issued for Equity Financing and Stock Compensation	12 Months Ended
Shares Issued for Equity Financing and Stock Compensation	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
SHARES ISSUED FOR EQUITY FINANCING AND STOCK COMPENSATION	11. SHARES ISSUED FOR EQUITY FINANCING AND STOCK COMPENSATION Shares Issued for Equity Financing in 2021 On February 23, 2021, the Company entered into securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers, up to 3,320,000 shares of common stock of the Company, at $11.522 per share, which was the five-day average closing price immediately prior to signing the Purchase Agreements. One of the purchasers is the Company’s CEO (also is the Company’s Chairman), he purchased 1,000,000 common shares of the Company. On March 11, 2021, the Company received approximately $38.25 million proceeds from the issuance of 3,320,000 shares under the securities purchase agreements, there were no fees paid in connection with this financing. In April 2021, the Company’s CEO amended the number of shares he would purchase from 1,000,000 shares to 940,000; accordingly, total number of shares sold in this offering became 3,260,000. The Company returned $691,320 extra proceeds that were received earlier to the Company’s CEO in April 2021. The stock certificates for these shares were issued in April 2021. Warrants Following is a summary of the activities of warrants that were issued from equity financing for the years ended December 31, 2022 and 2021: Number of Average Weighted Outstanding at January 1, 2021 30,411 $ 14.0 3.21 Exercisable at January 1, 2021 30,411 $ 14.0 3.21 Granted - - - Exchanged - - - Forfeited - - - Expired - - - Outstanding at December 31, 2021 30,411 $ 14.0 2.21 Exercisable at December 31, 2021 30,411 $ 14.0 2.21 Granted - - - Exchanged - - - Forfeited - - - Expired - - - Outstanding at December 31, 2022 30,411 $ 14.0 1.21 Exercisable at December 31, 2022 30,411 $ 14.0 1.21

Stock-Based Compensation Plan

Stock-Based Compensation Plan	12 Months Ended
Stock-Based Compensation Plan	Dec. 31, 2022
Stock-Based Compensation Plan [Abstract]
STOCK-BASED COMPENSATION PLAN	12. STOCK-BASED COMPENSATION PLAN Options to Employees and Directors On June 19, 2015, the stockholders of the Company approved the China Recycling Energy Corporation Omnibus Equity Plan (the “Plan”) at its annual meeting. The total shares of Common Stock authorized for issuance during the term of the Plan is 124,626 . The Plan was effective immediately upon its adoption by the Board of Directors on April 24, 2015, subject to stockholder approval, and will terminate on the earliest to occur of (i) the 10th anniversary of the Plan’s effective date, or (ii) the date on which all shares available for issuance under the Plan shall have been issued as fully-vested shares. The stockholders approved the Plan at their annual meeting on June 19, 2015. The following table summarizes option activity with respect to employees and independent directors for the years ended December 31, 2022 and 2021: Number of Average Weighted Outstanding at January 1, 2021 500 $ 16.1 6.32 Exercisable at January 1, 2021 500 $ 16.1 6.32 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2021 500 $ 16.1 5.32 Exercisable at December 31, 2021 500 $ 16.1 5.32 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2022 500 $ 16.1 4.32 Exercisable at December 31, 2022 500 $ 16.1 4.32

Income Tax

Income Tax	12 Months Ended
Income Tax	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAX	13. INCOME TAX The Company’s Chinese subsidiaries are governed by the Income Tax Law of the PRC concerning privately-run enterprises, which are generally subject to tax at 25% on income reported in the statutory financial statements after appropriate tax adjustments. Under Chinese tax law, the tax treatment of finance and sales-type leases is similar to US GAAP. However, the local tax bureau continues to treat the Company’s sales-type leases as operating leases. Accordingly, the Company recorded deferred income taxes. The Company’s subsidiaries generate all of their income from their PRC operations. All of the Company’s Chinese subsidiaries’ effective income tax rate for 2022 and 2021 was 25%. Yinghua, Shanghai TCH, Xi’an TCH, Huahong, Zhonghong and Erdos TCH file separate income tax returns. There is no income tax for companies domiciled in the Cayman Islands. Accordingly, the Company’s CFS do not present any income tax provisions related to Cayman Islands tax jurisdiction, where Sifang Holding is domiciled. The US parent company, SPC is taxed in the US and, as of December 31, 2022, had net operating loss (“NOL”) carry forwards for income taxes of $2.57 million; for federal income tax purposes, the NOL arising in tax years beginning after 2017 may only reduce 80% of a taxpayer’s taxable income, and may be carried forward indefinitely. However, the coronavirus Aid, Relief and Economic Security Act (“the CARES Act”) issued in March 2020, provides tax relief to both corporate and noncorporate taxpayers by adding a five-year carryback period and temporarily repealing the 80% limitation for NOLs arising in 2018, 2019 and 2020. Management believes the realization of benefits from these losses uncertain due to the US parent company’s continuing operating losses. Accordingly, a 100% deferred tax asset valuation allowance was provided. As of December 31, 2022, the Company’s PRC subsidiaries had $36.47 million NOL that can be carried forward to offset future taxable income for five years from the year the loss is incurred. The NOL was mostly from Erdos TCH and Zhonghong. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets due to the recurring losses from operations of these entities, accordingly, the Company recorded a 100% deferred tax valuation allowance for the PRC NOL. The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended December 31, 2022 and 2021: 2022 2021 U.S. statutory rates expense (benefit) (21.0 )% (21.0 )% Tax rate difference – current provision (1.9 )% (2.8 )% Prior year income tax adjustment in current year (0.9 )% Permanent differences 2.7 % 4.5 % Change in valuation allowance 21.8 % 19.8 % Tax expense (benefit) per financial statements 1.6 % (0.4 )% The provision for income tax expense (benefit) for the years ended December 31, 2022 and 2021 consisted of the following: 2022 2021 Income tax expense (benefit) – current $ 69,652 $ (53,140 ) Income tax expense – deferred - - Total income tax expense (benefit) $ 69,652 $ (53,140 )

Statutory Reserves

Statutory Reserves	12 Months Ended
Statutory Reserves	Dec. 31, 2022
Statutory Reserves Abstract
STATUTORY RESERVES	14. STATUTORY RESERVES Pursuant to the corporate law of the PRC effective January 1, 2006, the Company is only required to maintain one statutory reserve by appropriating from its after-tax profit before declaration or payment of dividends. The statutory reserve represents restricted retained earnings. Surplus Reserve Fund The Company’s Chinese subsidiaries are required to transfer 10% of their net income, as determined under PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the Company’s registered capital. The surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any, and may be utilized for business expansion or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholding or by increasing the par value of the shares currently held by them, provided that the remaining reserve balance after such issue is not less than 25% of the registered capital. The maximum statutory reserve amount has not been reached for any subsidiary. The table below discloses the statutory reserve amount in the currency type registered for each Chinese subsidiary as of December 31, 2022 and December 31, 2021: Name of Chinese Subsidiaries Registered Maximum Statutory Statutory Shanghai TCH $ 29,800,000 $ 14,900,000 ¥ 6,564,303 ($1,003,859) ¥ 6,564,303 ($1,003,859) Xi’an TCH ¥ 202,000,000 ¥ 101,000,000 ¥ 73,781,005 ($11,249,275) ¥ 73,862,151 ($11,261,339) Erdos TCH ¥ 120,000,000 ¥ 60,000,000 ¥ 19,035,814 ($2,914,869) ¥ 19,035,814 ($2,914,869) Xi’an Zhonghong ¥ 30,000,000 ¥ 15,000,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Shaanxi Huahong $ 2,500,300 $ 1,250,150 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Zhongxun ¥ 35,000,000 ¥ 17,500,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Common Welfare Fund The common welfare fund is a voluntary fund to which the Company can transfer 5% to 10% of its net income. This fund can only be utilized for capital items for the collective benefit of the Company’s employees, such as construction of dormitories, cafeteria facilities, and other staff welfare facilities. This fund is non-distributable other than upon liquidation. The Company does not participate in this fund.

Contingencies

Contingencies	12 Months Ended
Contingencies	Dec. 31, 2022
Loss Contingency [Abstract]
CONTINGENCIES	15. CONTINGENCIES China maintains a “closed” capital account, meaning companies, banks, and individuals cannot move money in or out of the country except in accordance with strict rules. The People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) regulate the flow of foreign exchange in and out of the country. For inward or outward foreign currency transactions, the Company needs to make a timely declaration to the bank with sufficient supporting documents to declare the nature of the business transaction. The Company’s sales, purchases and expense transactions are denominated in RMB and all of the Company’s assets and liabilities are also denominated in RMB. The RMB is not freely convertible into foreign currencies under the current law. Remittances in currencies other than RMB may require certain supporting documentation in order to make the remittance. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. Litigation In November 2019, Beijing Hongyuan Recycling Energy Investment Center, or Hongyuan, filed a lawsuit with the Beijing Intermediate People’s Court against Xi’an TCH to compel Xi’an TCH to repurchase certain stock pursuant to a stock repurchase option agreement. On April 9, 2021, the court rendered a judgment in favor of Hongyuan. Xi ‘an TCH filed a motion for retrial to High People’s Court of Beijing on April 13, 2022, because Xi’an TCH paid RMB 261 million ($37.58 million) principal and interest to Hongyuan as an out-of-court settlement. On April 11, 2022, Xi ‘an Zhonghong New Energy Technology Co. Ltd., filed an application for retrial and provided relevant evidence to the Beijing High People’s Court on the Civil Judgment No. 264., awaiting trial. On August 10, 2022, Beijing No. 1 Intermediate People’s Court of Beijing issued a Certificate of Active Performance, proving that Xi’an Zhonghong New Energy Technology Co., Ltd. had fulfilled its buyback obligations. On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. As of this report date, Xi’an Zhonghong is waiting for Court’s decision on retrial petition that was submitted in April 2022. During this waiting period, Beijing Intermediate People’s Court has entered the execution procedure, and there is a balance of RMB 14,204,317 ($2.20 million) between the amount executed by the court and the liability recognized by Xi ‘an TCH, which was mainly the enforcement fee, legal and penalty fee for the original judgement, and was automatically generated by the toll collection system of the People’s court. The Company accrued $2.20 million litigation expense as of December 31, 2022. On June 28, 2021, Beijing No.4 Intermediate People’s Court of Beijing entered into a judgement that Xi’an Zhonghong Technology Co., Ltd. should pay the loan principal of RMB 77 million ($11.06 million) with loan interest of RMB 2,418,229 ($0.35 million) to Beijiang Hongyuan Recycling Energy Investment Center (Limited Partnership). In the end of 2022, Beijing No.4 Intermediate People’s Court of Beijing entered into the judgment enforcement procedure, which, in addition to the loan principal with interest amount, Xi’an Zhonghong Technology Co., Ltd. was to pay judgment enforcement fee, late fee and other fees of RMB 80,288,184 ($11.53 million) in total.

Commitments

Commitments	12 Months Ended
Commitments	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	16. COMMITMENTS Lease Commitment On November 20, 2017, Xi’an TCH entered into a lease for its office from December 1, 2017 through November 30, 2020. The monthly rent was RMB 36,536 ($5,600) with quarterly payment in advance. This lease expired in November 2020. The Company entered a new lease for the same location from January 1, 2021 through December 31, 2023 with monthly rent of RMB 36,536 ($5,600), to be paid every half year in advance. The components of lease costs, lease term and discount rate with respect of the office lease with an initial term of more than 12 months are as follows: Years Ended December 31, Operating lease cost – amortization of ROU $ 61,262 Operating lease cost – interest expense on lease liability $ 3,923 Weighted Average Remaining Lease Term - Operating leases 1.00years Weighted Average Discount Rate - Operating leases 5 % Years Ended December 31, Operating lease cost– amortization of ROU $ 60,799 Operating lease cost – interest expense on lease liability $ 7,160 The following is a schedule, by years, of maturities of the office lease liabilities as of December 31, 2022: For the year ended December 31, 2023, $ 62,952 Total undiscounted cash flows 62,952 Less: imputed interest (774 ) Present value of lease liabilities $ 62,178 Employment Agreement On May 8, 2020, the Company entered an employment agreement with Yongjiang Shi, the Company’s CFO for 24 months. The monthly salary was RMB 16,000 ($2,200). The Company will grant the CFO no less than 5,000 shares of the Company’s common stock annually; however, as of this report date, the Board of Directors and Compensation Committee have not approved the number of shares to be given to the CFO, nor any stock reward agreement has been signed. On May 6, 2022, the Company entered another employment agreement with Mr. Shi for 24 months with monthly salary of RMB 18,000 ($2,500). The Company will grant the CFO no less than 5,000 shares of the Company’s common stock annually; however, as of this report date, the Board of Directors and Compensation Committee have not approved the number of shares to be given to the CFO, nor any stock reward agreement has been signed. Investment Banking Engagement Agreement On October 10, 2019, the Company entered an investment banking agreement with an investment banking firm to engage it as the exclusive lead underwriter for a registered securities offering of up to $20 million. The Company shall pay the investment banker an equity retainer fee of 15,000 shares of the restricted Common Stock of the Company (10,000 shares was issued within 10 business days of signing the agreement, and remaining 5,000 shares will be paid upon completion of the offering). The agreement expired in March 2021. On October 30, 2022, the Company entered an agreement with an investment banker (which will serve as the exclusive placement agent or exclusive lead underwriter of the Company) with the intension to raise approximately $10,000,000 from either a public offering or a private placement. Under the agreement, upon the closing of the financing, the Company will pay Univest Securities, LLC (the “Underwriter” or “Univest”) a discount equal to 8% of the gross proceeds raised in the offering, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the offering, as well as underwriter warrants to purchase that number of shares of common stock and accompanying Warrants equal to 5% of the shares of common stock and Warrants sold in the offering, including upon exercise by the Underwriter of its over-allotment option (“Underwriter Warrants”). The Underwriter Warrants shall be exercisable at any time, and from time to time, in whole or in part, during the period commencing 180 days from the date of commencement of sales of the offering, which period shall not extend further than five years from the date of commencement of sales of the offering in compliance with FINRA Rule 5110(g)(8)(A). After an initial period of six months from the agreement entering date, this engagement may be terminated at any time by either party upon 10 days written notice to the other party, effective upon receipt of written notice to that effect by the other party. The Company filed an S-1 with the SEC on July 28, 2021.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS On January 06, 2023, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Notes of $150,000 from the original Promissory Note entered on April 2, 2021. The Company and Lender exchanged this Partitioned Note for the delivery of 63,025 shares of the Company’s Common Stock. On January 18, 2023, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Note of $150,000 from the original Promissory Note entered on April 2, 2021. The Company and Lender exchanged this Partitioned Note for the delivery of 70,754 shares of the Company’s Common Stock. On February 13, 2022, the Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Note of $200,000 from the original Promissory Note entered on April 2, 2021. The Company and Lender exchanged this Partitioned Note for the delivery of 107,758 shares of the Company’s Common Stock.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Dec. 31, 2022
Organization and Description of Business [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements (“CFS”) are prepared in conformity with U.S. Generally Accepted Accounting Principles (“US GAAP”). The functional currency of the Company’s operating entities is Chinese Renminbi (“RMB”). The accompanying consolidated financial statements are translated from RMB and presented in U.S. dollars (“USD”).
Basis of Consolidation	Basis of Consolidation The CFS include the accounts of SPC and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings; Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“Shanghai TCH”); Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”); and Xi’an TCH’s subsidiaries, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as of December 31, 2022. However, there was no revenue for the Company for the years ended December 31, 2022 and 2021. All significant inter-company accounts and transactions were eliminated in consolidation.
Uses and Sources of Liquidity	Uses and Sources of Liquidity For the years ended December 31, 2022 and 2021, the Company had a net loss of $4.46 million and $12.23 million, respectively. The Company had an accumulated deficit of $59.73 million as of December 31, 2022. The Company disposed all of its systems and currently holds five power generating systems through Erdos TCH, the five power generating systems are currently not producing any electricity. The Company is in the process of transforming and expanding into an energy storage integrated solution provider. The Company plans to pursue disciplined and targeted expansion strategies for market areas the Company currently does not serve. The Company actively seeks and explores opportunities to apply energy storage technologies to new industries or segments with high growth potential, including industrial and commercial complexes, large scale photovoltaic (PV) and wind power stations, remote islands without electricity, and smart energy cities with multi-energy supplies. The Company’s cash flow forecast indicates it will have sufficient cash to fund its operations for the next 12 months from the date of issuance of these CFS.
Use of Estimates	Use of Estimates In preparing these CFS in accordance with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets as well as revenues and expenses during the period reported. Actual results may differ from these estimates. On an on-going basis, management evaluates its estimates, including those allowances for bad debt and inventory obsolescence, impairment loss on fixed assets and construction in progress, income taxes, and contingencies and litigation. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources.
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation and had no effect on previously reported consolidated net income (loss) or accumulated deficit.
Revenue Recognition	Revenue Recognition A) Sales-type Leasing and Related Revenue Recognition The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 842. The Company’s sales type lease contracts for revenue recognition fall under ASC 842. During the years ended December 31, 2022 and 2021, the Company did not sell any new power generating projects. The Company constructs and leases waste energy recycling power generating projects to its customers. The Company typically transfers legal ownership of the waste energy recycling power generating projects to its customers at the end of the lease. The Company finances construction of waste energy recycling power generating projects. The sales and cost of sales are recognized at the inception of the lease, which is when control is transferred to the lessee. The Company accounts for the transfer of control as a sales type lease in accordance with ASC 842-10-25-2. The underlying asset is derecognized, and revenue is recorded when collection of payments is probable. This is in accordance with the revenue recognition principle in ASC 606 - Revenue from contracts with customers. The investment in sales-type leases consists of the sum of the minimum lease payments receivable less unearned interest income and estimated executory cost. Minimum lease payments are part of the lease agreement between the Company (as the lessor) and the customer (as the lessee). The discount rate implicit in the lease is used to calculate the present value of minimum lease payments. The minimum lease payments consist of the gross lease payments net of executory costs and contingent rentals, if any. Unearned interest is amortized to income over the lease term to produce a constant periodic rate of return on net investment in the lease. While revenue is recognized at the inception of the lease, the cash flow from the sales-type lease occurs over the course of the lease, which results in interest income and reduction of receivables. Revenue is recognized net of value-added tax. B) Contingent Rental Income The Company records income from actual electricity generated of each project in the period the income is earned, which is when the electricity is generated. Contingent rent is not part of minimum lease payments.
Operating Leases	Operating Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for an operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. Lease expense is recognized on a straight-line basis over the lease term. ROU assets are reviewed for impairment when indicators of impairment are present. ROU assets from operating and finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment, as ROU assets are long-lived nonfinancial assets. ROU assets are tested for impairment individually or as part of an asset group if the cash flows related to the ROU asset are not independent from the cash flows of other assets and liabilities. An asset group is the unit of accounting for long-lived assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. The Company recognized no impairment of ROU assets as of December 31, 2022 and 2021. Operating leases are included in operating lease ROU and operating lease liabilities (current and non-current), on the consolidated balance sheets.
Cash	Cash Cash includes cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date.
Accounts Receivable	Accounts Receivable The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. As of December 31, 2022 and 2021, the Company had no accounts receivable.
Concentration of Credit Risk	Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within China. Balances at financial institutions and state-owned banks within the PRC are covered by insurance up to RMB 500,000 ($71,792) per bank. Any balance over RMB 500,000 ($71,792) per bank in PRC will not be covered. At December 31, 2022, cash held in PRC banks of $138,709,389 was not covered by such insurance. The Company has not experienced any losses in such accounts. Certain other financial instruments, which subject the Company to concentration of credit risk, consist of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. The operations of the Company are in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method over the estimated lives as follows: Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years
Impairment of Long-lived Assets	Impairment of Long-lived Assets In accordance with FASB ASC Topic 360, “Property, Plant, and Equipment
Cost of Sales	Cost of Sales Cost of sales consists primarily of the direct material of the power generating system and expenses incurred directly for project construction for sales-type leasing and sales tax and additions for contingent rental income.
Income Taxes	Income Taxes Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows FASB ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under FASB ASC Topic 740, when tax returns are filed, it is likely that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits is classified as interest expense and penalties are classified in selling, general and administrative expenses in the statement of income. At December 31, 2022 and 2021, the Company did not take any uncertain positions that would necessitate recording a tax related liability.
Statement of Cash Flows	Statement of Cash Flows In accordance with FASB ASC Topic 230, “Statement of Cash Flows,”
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, other receivables, accounts payable, accrued liabilities and short-term debts, the carrying amounts approximate their FVs due to their short maturities. Receivables on sales-type leases are based on interest rates implicit in the lease. FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” “Financial Instruments,” ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to FV measurement. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC 480, “Distinguishing Liabilities from Equity,” “Derivatives and Hedging.” As of December 31, 2022 and 2021, the Company did not have any long-term debt; and the Company did not identify any assets or liabilities that are required to be presented on the balance sheet at FV.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for share-based compensation awards to employees in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that share-based payment transactions with employees be measured based on the grant-date FV of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic 505-50, “Equity-Based Payments to Non-employees”. Share-based compensation associated with the issuance of equity instruments to non-employees is measured at the FV of the equity instrument issued or committed to be issued, as this is more reliable than the FV of the services received. The FV is measured at the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. The Company follows ASU 2018-07, “Compensation — Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” which expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements of ASC 718 to non-employee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. ASC 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards.
Basic and Diluted Earnings per Share	Basic and Diluted Earnings per Share The Company presents net income (loss) per share (“EPS”) in accordance with FASB ASC Topic 260, “Earning Per Share.” For the years ended December 31, 2022 and 2021, the basic and diluted income (loss) per share were the same due to the anti-dilutive features of the warrants and options. For the years ended December 31, 2022 and 2021, of 30,911 shares purchasable under warrants and options were excluded from the EPS calculation as these were not dilutive due to the exercise price was more than the stock market price.
Foreign Currency Translation and Comprehensive Income (Loss)	Foreign Currency Translation and Comprehensive Income (Loss) The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into U.S. Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income.” Gains and losses resulting from foreign currency transactions are included in income. The Company follows FASB ASC Topic 220, “Comprehensive Income.”
Segment Reporting	Segment Reporting FASB ASC Topic 280, “Segment Reporting,”
New Accounting Pronouncements	New Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact that the standard will have on its CFS. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its CFS. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future CFS.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2022
Summary of Significant Accounting Policies [Abstract]
Schedule of property and equipment estimated lives	Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years

Accrued Liabilities and Other_2

Accrued Liabilities and Other Payables (Tables)	12 Months Ended
Accrued Liabilities and Other Payables (Tables)	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of accrued liabilities and other payables	2022 2021 Education and union fund and social insurance payable $ 270,116 $ 272,352 Consulting and legal expenses - 31,924 Accrued payroll and welfare 251,021 287,026 Accrued litigation 2,203,149 - Other 52,128 41,506 Total $ 2,776,414 $ 632,808

Taxes Payable (Tables)

Taxes Payable (Tables)	12 Months Ended
Taxes Payable (Tables)	Dec. 31, 2022
Tax Payable [Abstract]
Schedule of taxes payable	2022 2021 Income tax $ 7,639,832 $ 7,641,787 Other 145 71 Total 7,639,977 7,641,858 Current 3,681,352 3,075,233 Noncurrent $ 3,958,625 $ 4,566,625

Deferred Tax, Net (Tables)

Deferred Tax, Net (Tables)	12 Months Ended
Deferred Tax, Net (Tables)	Dec. 31, 2022
Deferred Tax, Net [Abstract]
Schedule of deferred tax assets	2022 2021 Accrued expenses $ 57,611 $ 61,301 Write-off Erdos TCH net investment in sales-type leases * 4,579,725 6,299,343 Impairment loss of Xi’an TCH’s investment into the HYREF fund 2,692,186 2,940,854 US NOL 730,855 463,508 PRC NOL 9,118,123 10,189,545 Total deferred tax assets 17,178,500 19,954,551 Less: valuation allowance for deferred tax assets (17,178,500 ) (19,954,551 ) Deferred tax assets, net $ - $ - * This represents the tax basis of Erdos TCH investment in sales type leases, which was written off under US GAAP upon modification of lease terms, which made the lease payments contingent upon generation of electricity.

Shares Issued for Equity Fina_2

Shares Issued for Equity Financing and Stock Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of activities of warrants	Number of Average Weighted Outstanding at January 1, 2021 30,411 $ 14.0 3.21 Exercisable at January 1, 2021 30,411 $ 14.0 3.21 Granted - - - Exchanged - - - Forfeited - - - Expired - - - Outstanding at December 31, 2021 30,411 $ 14.0 2.21 Exercisable at December 31, 2021 30,411 $ 14.0 2.21 Granted - - - Exchanged - - - Forfeited - - - Expired - - - Outstanding at December 31, 2022 30,411 $ 14.0 1.21 Exercisable at December 31, 2022 30,411 $ 14.0 1.21

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	12 Months Ended
Stock-Based Compensation Plan (Tables)	Dec. 31, 2022
Stock-Based Compensation Plan [Abstract]
Schedule of option activity with respect to employees and independent directors	Number of Average Weighted Outstanding at January 1, 2021 500 $ 16.1 6.32 Exercisable at January 1, 2021 500 $ 16.1 6.32 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2021 500 $ 16.1 5.32 Exercisable at December 31, 2021 500 $ 16.1 5.32 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2022 500 $ 16.1 4.32 Exercisable at December 31, 2022 500 $ 16.1 4.32

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
Income Tax (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of reconciles U.S. statutory rates to effective tax rate	2022 2021 U.S. statutory rates expense (benefit) (21.0 )% (21.0 )% Tax rate difference – current provision (1.9 )% (2.8 )% Prior year income tax adjustment in current year (0.9 )% Permanent differences 2.7 % 4.5 % Change in valuation allowance 21.8 % 19.8 % Tax expense (benefit) per financial statements 1.6 % (0.4 )%
Schedule of provision for income tax expense	2022 2021 Income tax expense (benefit) – current $ 69,652 $ (53,140 ) Income tax expense – deferred - - Total income tax expense (benefit) $ 69,652 $ (53,140 )

Statutory Reserves (Tables)

Statutory Reserves (Tables)	12 Months Ended
Statutory Reserves (Tables)	Dec. 31, 2022
Statutory Reserves Abstract
Schedule of maximum statutory reserve amount	Name of Chinese Subsidiaries Registered Maximum Statutory Statutory Shanghai TCH $ 29,800,000 $ 14,900,000 ¥ 6,564,303 ($1,003,859) ¥ 6,564,303 ($1,003,859) Xi’an TCH ¥ 202,000,000 ¥ 101,000,000 ¥ 73,781,005 ($11,249,275) ¥ 73,862,151 ($11,261,339) Erdos TCH ¥ 120,000,000 ¥ 60,000,000 ¥ 19,035,814 ($2,914,869) ¥ 19,035,814 ($2,914,869) Xi’an Zhonghong ¥ 30,000,000 ¥ 15,000,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Shaanxi Huahong $ 2,500,300 $ 1,250,150 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Zhongxun ¥ 35,000,000 ¥ 17,500,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit

Commitments (Tables)

Commitments (Tables)	12 Months Ended
Commitments (Tables)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of lease costs, lease term and discount rate	Years Ended December 31, Operating lease cost – amortization of ROU $ 61,262 Operating lease cost – interest expense on lease liability $ 3,923 Weighted Average Remaining Lease Term - Operating leases 1.00years Weighted Average Discount Rate - Operating leases 5 % Years Ended December 31, Operating lease cost– amortization of ROU $ 60,799 Operating lease cost – interest expense on lease liability $ 7,160
Schedule of maturities of the office lease liabilities	For the year ended December 31, 2023, $ 62,952 Total undiscounted cash flows 62,952 Less: imputed interest (774 ) Present value of lease liabilities $ 62,178

Organization and Description _2

Organization and Description of Business (Details)

1 Months Ended

12 Months Ended

Jan. 22, 2019 USD ($)

Dec. 29, 2018 USD ($)

Dec. 29, 2018 CNY (¥)

Feb. 11, 2015 USD ($)

Apr. 14, 2009

Jul. 31, 2013 USD ($)

Jun. 15, 2013 USD ($)

Jun. 15, 2013 CNY (¥)

Dec. 31, 2022 USD ($) $ / shares shares

Dec. 31, 2022 CNY (¥)

Dec. 31, 2021 $ / shares shares

Jul. 27, 2021 $ / shares shares

May 01, 2016 CNY (¥)

Mar. 24, 2014 USD ($)

Mar. 24, 2014 CNY (¥)

Jul. 19, 2013

Organization and Description of Business (Details) [Line Items]

Electricity sold (in Yuan Renminbi) | ¥

¥ 0.3

Percentage of owns

10%

100%

10%

ownership

$ 440,000

¥ 3,000,000

Repayment for the loan

$ 27,540,000

¥ 188,639,400

Loss from this transfer (in Dollars) | $

$ 624,133

Common stock, shares authorized (in Shares)

100,000,000

Common stock, par value (in Dollars per share) | $ / shares

$ 0.001

Minimum [Member]

Organization and Description of Business (Details) [Line Items]

Common stock, shares authorized (in Shares)

10,000,000

Maximum [Member]

Organization and Description of Business (Details) [Line Items]

Common stock, shares authorized (in Shares)

100,000,000

Erdos Metallurgy Co., Ltd. [Member]

Organization and Description of Business (Details) [Line Items]

Maturity term

20 years

Total investment percentage

Until operation resume

$ 154,238

¥ 1,000,000

Xi'an TCH [Member]

Organization and Description of Business (Details) [Line Items]

Total investment percentage

93%

Amount of ownership interest

$ 1,290,000

¥ 8,000,000

Da Tang Shi Dai [Member]

Organization and Description of Business (Details) [Line Items]

Total investment percentage

30%

DaTong Recycling Energy [Member]

Organization and Description of Business (Details) [Line Items]

Total investment percentage

30%

TianYu XuZhou Recycling Energy [Member]

Organization and Description of Business (Details) [Line Items]

Total investment percentage

40%

Zhonghong [Member]

Organization and Description of Business (Details) [Line Items]

Percentage of owns

90%

Zhongxun [Member]

Organization and Description of Business (Details) [Line Items]

Percentage of owns

100%

Registered capital

$ 5,695,502

¥ 35,000,000

Yinghua [Member]

Organization and Description of Business (Details) [Line Items]

Percentage of owns

100%

Registered capital | $

$ 30,000,000

License is issued

10 years

Articles of Incorporation[Member]

Organization and Description of Business (Details) [Line Items]

Common stock, par value (in Dollars per share) | $ / shares

$ 0.001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)		12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2021 USD ($) shares
Summary of Significant Accounting Policies (Details) [Line Items]
Accumulated deficit	$ 59,730,000	$ 59,730,000
Tax benefit percentage	50%	50%
Shares of antidilutive securities under warrants and option (in Shares) \| shares		30,911	30,911	30,911
PRC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Insurance coverage		$ 71,792	¥ 500,000
Balance not covered	$ 138,709,389	71,792	¥ 500,000
Erdos TCH [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Net loss		$ 4,460,000		$ 12,230,000
Business Acquisition [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Business acquisition, description		The CFS include the accounts of SPC and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings; Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“Shanghai TCH”); Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”); and Xi’an TCH’s subsidiaries, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as of December 31, 2022. However, there was no revenue for the Company for the years ended December 31, 2022 and 2021. All significant inter-company accounts and transactions were eliminated in consolidation.	The CFS include the accounts of SPC and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings; Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“Shanghai TCH”); Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”); and Xi’an TCH’s subsidiaries, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as of December 31, 2022. However, there was no revenue for the Company for the years ended December 31, 2022 and 2021. All significant inter-company accounts and transactions were eliminated in consolidation.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of property and equipment estimated lives	12 Months Ended
	Dec. 31, 2022
Vehicles [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Vehicles [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Office and Other Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Office and Other Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years

Other Receivables (Details)

Other Receivables (Details) - USD ($)	1 Months Ended	12 Months Ended
Other Receivables (Details) - USD ($)	Aug. 23, 2021	Dec. 31, 2022	Dec. 31, 2021
Other Receivables (Details) [Line Items]
Advance to third party		$ 7,179
Advance to employees		2,583
Advance to suppliers		19,579
Other receivables, description			other receivables mainly consisted of (i) advances to third parties of $7,842, bearing no interest, payable upon demand, (ii) advance to employees of $7,618, (iii) advance to suppliers of $2,821 and (iv) others of $862,331 including social insurance receivable of $4,831, prepayment of R&D expense of $850,000, and others of $7,500.
Research and development cost		1,000,000
Company prepaid		200,000
Research and development cost		800,000
Market research and project development, description	the Company entered a Market Research and Project Development Service Agreement with a consulting company in Xi’an for a service period of 12 months. The consulting company will perform market research for new energy industry including photovoltaic and energy storage, develop potential new customers and due diligence check, assisting the Company for business cooperation negotiation and relevant agreements preparation. Total contract amount is $1,150,000, and the Company paid $650,000 at commencement of the service and recorded as R&D expense; the Company will pay $200,000 upon issuance of the research report, and pay the remaining of $300,000 upon completion all the services.
Maximum [Member]
Other Receivables (Details) [Line Items]
Research and development expense		200,000
Minimum [Member]
Other Receivables (Details) [Line Items]
Research and development expense		$ 650,000

Asset Subject to Buyback (Detai

Asset Subject to Buyback (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
Asset Subject to Buyback (Details) - USD ($) $ in Thousands	Jan. 22, 2019	Dec. 31, 2022	Dec. 31, 2018
Asset Subject to Buyback (Details) [Line Items]
Transfer amount description	Xi’an Zhonghong completed the transfer of Chengli CDQ WHPG project as partial repayment for the loan and accrued interest of RMB 188,639,400 ($27.54 million) to HYREF (see Note 8).
Gain on partial repayment of entrusted loan		$ 3,100
ChengaliMember
Asset Subject to Buyback (Details) [Line Items]
Fixed assets cost			$ 35,240

Accrued Liabilities and Other_3

Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Accrued liabilities and other payables	$ 2,776,414	$ 632,808
Education and union fund and social insurance payable [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Accrued liabilities and other payables	270,116	272,352
Consulting and legal expenses [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Accrued liabilities and other payables		31,924
Accrued payroll and welfare [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Accrued liabilities and other payables	251,021	287,026
Accrued Litigation [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Accrued liabilities and other payables	2,203,149
Other [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Accrued liabilities and other payables	$ 52,128	$ 41,506

Taxes Payable (Details)

Taxes Payable (Details) $ in Thousands	12 Months Ended
Taxes Payable (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Tax Payable [Abstract]
Income Tax Payable	$ 7,610
Current tax payable	3,650
Tax payable, noncurrent	$ 3,960
Income tax liability of installment, description	An election was available for the U.S. shareholders of a foreign company to pay the tax liability in installments over a period of eight years with 8% of net tax liability in each of the first five years, 15% in the sixth year, 20% in the seventh year, and 25% in the eighth year.

Taxes Payable (Details) - Sched

Taxes Payable (Details) - Schedule of taxes payable	12 Months Ended
Taxes Payable (Details) - Schedule of taxes payable	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Schedule Of Taxes Payable Abstract
Income tax	7,639,832	7,641,787
Other	$ 145	$ 71
Total	7,639,977	7,641,858
Current	3,681,352	3,075,233
Noncurrent	$ 3,958,625	$ 4,566,625

Deferred Tax, Net (Details) - S

Deferred Tax, Net (Details) - Schedule of deferred tax assets - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Schedule Of Deferred Tax Assets [Abstract]
Accrued expenses		$ 57,611	$ 61,301
Write-off Erdos TCH net investment in sales-type leases	[1]	4,579,725	6,299,343
Impairment loss of Xi’an TCH’s investment into the HYREF fund		2,692,186	2,940,854
US NOL		730,855	463,508
PRC NOL		9,118,123	10,189,545
Total deferred tax assets		17,178,500	19,954,551
Less: valuation allowance for deferred tax assets		(17,178,500)	(19,954,551)
Deferred tax assets, net

[1] This represents the tax basis of Erdos TCH investment in sales type leases, which was written off under US GAAP upon modification of lease terms, which made the lease payments contingent upon generation of electricity.

Loan Payable (Details)

Loan Payable (Details) $ in Thousands

1 Months Ended

12 Months Ended

Apr. 09, 2021 USD ($)

Dec. 19, 2019 USD ($)

Dec. 31, 2022 USD ($) shares

Dec. 31, 2022 CNY (¥) shares

Dec. 31, 2021 USD ($)

Jul. 08, 2023 USD ($)

Jul. 08, 2023 CNY (¥)

Dec. 31, 2022 CNY (¥) shares

Dec. 31, 2021 CNY (¥)

Jun. 28, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2020 CNY (¥)

Sep. 30, 2020 USD ($)

Sep. 30, 2020 CNY (¥)

Jun. 30, 2020 USD ($)

Jun. 30, 2020 CNY (¥)

Apr. 05, 2020 USD ($)

Apr. 05, 2020 CNY (¥)

Feb. 05, 2020 USD ($)

Feb. 05, 2020 CNY (¥)

Jan. 05, 2020 USD ($)

Jan. 05, 2020 CNY (¥)

Dec. 19, 2019 CNY (¥)

Jan. 04, 2019 USD ($)

Jan. 04, 2019 CNY (¥)

Dec. 29, 2018 USD ($)

Dec. 29, 2018 CNY (¥)

Loan Payable (Details) [Line Items]

Interest rate

12.50%

Description of remaining loan balance

The Company had paid RMB 50 million
($7.54 million) of the RMB 280 million ($42.22 million), and on August 5, 2016, the Company entered into a supplemental agreement with
the lender to extend the due date of the remaining RMB 230 million ($34.68 million) of the original RMB 280 million ($45.54 million) to
August 6, 2017. During the year ended December 31, 2017, the Company negotiated with the lender again to further extend the remaining
loan balance of RMB 230 million ($34.68 million), RMB 100 million ($16.27 million), and RMB 77 million ($12.08 million) The lender had
tentatively agreed to extend the remaining loan balance until August 2019 with an adjusted annual interest rate of 9%, subject to the
final approval from its headquarters. The headquarters did not approve the extension proposal with an adjusted interest of 9%; however,
on December 29, 2018, the Company and the lender agreed to an alternative repayment proposal as described below.

Loan payable

$ 37,520

¥ 261,727,506

Total buy back price

37,520

261,727,506

Accrued interest

2,100

$ 380

14,661,506

Gain amount

$ 3,100

Payment one

$ 7,170

¥ 50,000,000

Payment two

$ 7,170

¥ 50,000,000

Payment three

$ 7,170

¥ 50,000,000

Payment four

$ 7,170

¥ 50,000,000

Final payment

$ 6,750

¥ 47,066,000

Full payment

$ 36,280

¥ 247,000,000

Amount of realized gain terminated

3,100

Repayment of principal amount

$ 12,130

Transfer price for Xuzhou Huayu Project [Member]

Loan Payable (Details) [Line Items]

Loan payable

$ 17,520

¥ 120,000,000

Transfer price for Shenqiu Phase I and II Projects [Member]

Loan Payable (Details) [Line Items]

Accrued interest

18,550

127,066,000

Xi’an TCH [Member]

Loan Payable (Details) [Line Items]

Accrued interest

$ 2,100

¥ 14,661,506

Forecast [Member]

Loan Payable (Details) [Line Items]

Loan payable

$ 12,130

¥ 77,000,000

Transfer Agreement [Member]

Loan Payable (Details) [Line Items]

Loan payable

$ 36,070

¥ 247,066,000

Transfer Agreement [Member] | HYREF [Member]

Loan Payable (Details) [Line Items]

Loan payable

$ 27,540

¥ 188,639,400

Huaxin [Member]

Loan Payable (Details) [Line Items]

Shares owned (in Shares) | shares

47,150,000

Already owned shares (in Shares) | shares

29,948,000

Remaining shares (in Shares) | shares

17,202,000

HYREF loan (entrusted loan) [Member]

Loan Payable (Details) [Line Items]

Total fund capital contribution

$ 77,000

¥ 460,000,000

HYREF [Member]

Loan Payable (Details) [Line Items]

Equity investment

500

¥ 3,000,000

Zhonghong [Member]

Loan Payable (Details) [Line Items]

Debt investment

74,500

¥ 457,000,000

Xi’an TCH [Member]

Loan Payable (Details) [Line Items]

Total fund capital contribution

$ 4,390

¥ 27,000,000

Investments

$ 11,630

¥ 75,000,000

Impairment loss

$ 11,630

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended
Related Party Transactions (Details) - USD ($)	Feb. 23, 2021	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Advances from related party		$ 0	$ 27,357
Related party transactions, description	S. investors (the “Purchasers”), pursuant to which the Company sold to the Purchasers, up to 3,320,000 shares of common stock of the Company, at $11.522 per share. One of the purchasers is the Company’s CEO (who is also the Company’s Chairman), who purchased 1,000,000 common shares of the Company. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 to 940,000. In April 2021 the Company returned to the Company’s CEO the $691,320 in extra proceeds that had been received earlier.

Note Payable, Net (Details)

Note Payable, Net (Details) - USD ($)			1 Months Ended	12 Months Ended
Note Payable, Net (Details) - USD ($)	Sep. 22, 2022	Apr. 02, 2021	Dec. 04, 2020	Dec. 31, 2022	Dec. 31, 2021	Oct. 28, 2021
Note Payable, Net (Details) [Line Items]
Right to redeem amount			$ 500,000
Percentage of redemption amount increased			25%
Amortization of OID				$ 194,355	$ 168,750
Promissory notes principle amount					3,850,000
Promissory notes adjustment amount					818,914
Adjustment interest expense					$ 818,914
Common stock exchange description				The Company and Lender exchanged these Partitioned Notes for the delivery of 576,108 shares of the Company’s common stock. The Company recorded $151,275 loss on conversion of these notes in 2021. On January 10, 2022, the Company and Lender exchanged a Partitioned Notes of $346,986 for the delivery of 58,258 shares of the Company’s common stock. The Company recorded $26,193 loss on conversion of this note in 2022.
Outstanding principal amount	$ 229,015
Interest expense	$ 229,015
Common stock value				$ 1,650,000
Common stock shares (in Shares)				289,330
Loss on conversion				$ 108,910
Outstanding principal balance				5,697,727
Unamortized OID				31,250
Debt Instrument, Increase, Accrued Interest				261,035
Promissory Notes in December 2020 [Member]
Note Payable, Net (Details) [Line Items]
Convertible promissory note amount			$ 3,150,000
Original issue discount			$ 150,000
Interest rate			8%
Debt term			24 months
Increase decrease outstanding balance, percentage			125%
Amortization of OID				69,355
Interest expense				835
Promissory Notes in April 2021 [Member]
Note Payable, Net (Details) [Line Items]
Interest rate		8%
Debt term		24 months
Increase decrease outstanding balance, percentage		125%
Right to redeem amount		$ 825,000
Percentage of redemption amount increased		25%
Interest expense				456,655
Promissory notes adjustment amount						$ 1,370,897
Adjustment interest expense						$ 1,370,897
Promissory note		$ 5,250,000
Issue of discount amount		$ 250,000
Amount of amortized OID				$ 125,000

Shares Issued for Equity Fina_3

Shares Issued for Equity Financing and Stock Compensation (Details)	1 Months Ended
	Feb. 23, 2021
Stockholders' Equity Note [Abstract]
Agreement, description	the Company entered into securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers, up to 3,320,000 shares of common stock of the Company, at $11.522 per share, which was the five-day average closing price immediately prior to signing the Purchase Agreements. One of the purchasers is the Company’s CEO (also is the Company’s Chairman), he purchased 1,000,000 common shares of the Company. On March 11, 2021, the Company received approximately $38.25 million proceeds from the issuance of 3,320,000 shares under the securities purchase agreements, there were no fees paid in connection with this financing. In April 2021, the Company’s CEO amended the number of shares he would purchase from 1,000,000 shares to 940,000; accordingly, total number of shares sold in this offering became 3,260,000. The Company returned $691,320 extra proceeds that were received earlier to the Company’s CEO in April 2021. The stock certificates for these shares were issued in April 2021.

Shares Issued for Equity Fina_4

Shares Issued for Equity Financing and Stock Compensation (Details) - Schedule of activities of warrants - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shares Issued for Equity Financing and Stock Compensation (Details) - Schedule of activities of warrants [Line Items]
Number of Warrants, Beginning balance, Exercisable	500	500
Average Exercise Price (post-reverse stock split price), Beginning balance, Exercisable	$ 16.1	$ 16.1
Number of Warrants, Granted
Average Exercise Price (post-reverse stock split price), Granted
Weighted Average Remaining Contractual Term in Years, Granted
Number of Warrants, Exchanged
Average Exercise Price (post-reverse stock split price), Exchanged
Weighted Average Remaining Contractual Term in Years, Exchanged
Number of Warrants, Forfeited
Average Exercise Price (post-reverse stock split price), Forfeited
Weighted Average Remaining Contractual Term in Years, Forfeited
Number of Warrants, Expired
Average Exercise Price (post-reverse stock split price), Expired
Weighted Average Remaining Contractual Term in Years, Expired
Number of Warrants, Ending balance, Outstanding	30,411
Average Exercise Price (post-reverse stock split price), Ending balance, Outstanding	$ 14
Weighted Average Remaining Contractual Term in Years, Ending balance, Outstanding	1 year 2 months 15 days	6 years 3 months 25 days
Number of Warrants, Ending balance, Exercisable	30,411
Average Exercise Price (post-reverse stock split price), Ending balance, Exercisable	$ 14
Weighted Average Remaining Contractual Term in Years, Ending balance, Exercisable	1 year 2 months 15 days
Warrant [Member]
Shares Issued for Equity Financing and Stock Compensation (Details) - Schedule of activities of warrants [Line Items]
Number of Warrants, Beginning balance, Outstanding	30,411	30,411
Average Exercise Price (post-reverse stock split price), Beginning balance, Outstanding	$ 14	$ 14
Weighted Average Remaining Contractual Term in Years, Beginning balance, Outstanding		3 years 2 months 15 days
Number of Warrants, Beginning balance, Exercisable		30,411
Average Exercise Price (post-reverse stock split price), Beginning balance, Exercisable		$ 14
Weighted Average Remaining Contractual Term in Years, Beginning balance, Exercisable		3 years 2 months 15 days
Number of Warrants, Granted
Average Exercise Price (post-reverse stock split price), Granted
Weighted Average Remaining Contractual Term in Years, Granted
Number of Warrants, Exchanged
Average Exercise Price (post-reverse stock split price), Exchanged
Weighted Average Remaining Contractual Term in Years, Exchanged
Number of Warrants, Forfeited
Average Exercise Price (post-reverse stock split price), Forfeited
Weighted Average Remaining Contractual Term in Years, Forfeited
Number of Warrants, Expired
Average Exercise Price (post-reverse stock split price), Expired
Weighted Average Remaining Contractual Term in Years, Expired
Number of Warrants, Ending balance, Outstanding		30,411
Average Exercise Price (post-reverse stock split price), Ending balance, Outstanding		$ 14
Weighted Average Remaining Contractual Term in Years, Ending balance, Outstanding		2 years 2 months 15 days
Number of Warrants, Ending balance, Exercisable		30,411
Average Exercise Price (post-reverse stock split price), Ending balance, Exercisable		$ 14
Weighted Average Remaining Contractual Term in Years, Ending balance, Exercisable		2 years 2 months 15 days

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details)	Jun. 19, 2015 shares
Share-Based Payment Arrangement [Abstract]
Shares of common stock authorized for issuance	124,626

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan (Details) - Schedule of option activity with respect to employees and independent directors - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Option Activity With Respect To Employees And Independent Directors [Abstract]
Number of Shares Outstanding, Beginning balance	500	500
Average Exercise Price per Share, Outstanding , Beginning balance	$ 16.1	$ 16.1
Weighted Average Remaining Contractual Term in Years Outstanding, Beginning balance	1 year 2 months 15 days	6 years 3 months 25 days
Number of Shares, Exercisable , Beginning balance	500	500
Average Exercise Price per Share, Exercisable, Beginning balance	$ 16.1	$ 16.1
Weighted Average Remaining Contractual Term in Years, Exercisable, Beginning balance		6 years 3 months 25 days
Number of Shares, Granted
Average Exercise Price per Share, Granted
Weighted Average Remaining Contractual Term in Years, Granted
Number of Shares, Exercised	30,411
Average Exercise Price per Share, Exercised	$ 14
Weighted Average Remaining Contractual Term in Years, Exercised
Number of Shares, Forfeited
Average Exercise Price per Share, Forfeited
Weighted Average Remaining Contractual Term in Years, Forfeited
Number of Shares, Outstanding , Ending balance	500	500
Average Exercise Price per Share, Outstanding, Ending balance	$ 16.1	$ 16.1
Weighted Average Remaining Contractual Term in Years, Outstanding , Ending balance	4 years 3 months 25 days	5 years 3 months 25 days
Number of Shares, Exercisable , Ending balance	500	500
Average Exercise Price per Share, Exercisable, Ending balance	$ 16.1	$ 16.1
Weighted Average Remaining Contractual Term in Years, Exercisable , Ending balance	4 years 3 months 25 days	5 years 3 months 25 days

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands		12 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax (Details) [Line Items]
Tax rate		25%	25%
Deferred Tax Asset, Interest Carryforward (in Dollars)		$ 2,570
Effective Income Tax Rate Reconciliation, Disposition of Asset, Percent	80%	80%		80%	80%
Percentage of deferred tax valuation allowance		100%
Income tax term year		5 years
PRC [Member]
Income Tax (Details) [Line Items]
Tax rate		25%
Percentage of deferred tax valuation allowance		100%
Net operating loss carryforwards (in Dollars)		$ 36,470

Income Tax (Details) - Schedule

Income Tax (Details) - Schedule of reconciles U.S. statutory rates to effective tax rate	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of reconciles U.S. statutory rates to effective tax rate [Abstract]
U.S. statutory rates (benefit)	(21.00%)	(21.00%)
Tax rate difference – current provision	(1.90%)	(2.80%)
Prior year income tax adjustment in current year		(0.90%)
Permanent differences	2.70%	4.50%
Change in valuation allowance	21.80%	19.80%
Tax benefit per financial statements	1.60%	(0.40%)

Income Tax (Details) - Schedu_2

Income Tax (Details) - Schedule of provision for income tax expense - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of provision for income tax expense [Abstract]
Income tax benefit – current	$ 69,652	$ (53,140)
Income tax benefit – deferred
Total income tax benefit	$ 69,652	$ (53,140)

Statutory Reserves (Details)

Statutory Reserves (Details)	12 Months Ended
Statutory Reserves (Details)	Dec. 31, 2022
Statutory Reserves (Details) [Line Items]
Percentage of registered capital	25%
Surplus Reserve Fund [Member]
Statutory Reserves (Details) [Line Items]
Percentage of net income	10%
Statutory surplus reserve of registered capital, percentage	50%
Common Welfare Fund [Member] \| Minimum [Member]
Statutory Reserves (Details) [Line Items]
Percentage of net income	5%
Common Welfare Fund [Member] \| Maximum [Member]
Statutory Reserves (Details) [Line Items]
Percentage of net income	10%

Statutory Reserves (Details) -

Statutory Reserves (Details) - Schedule of maximum statutory reserve amount - CNY (¥)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shanghai TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	¥ 29,800,000
Maximum Statutory Reserve Amount	¥ 14,900,000
Statutory reserve	($1,003,859)	($1,003,859)
Xi’an TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	¥ 202,000,000
Maximum Statutory Reserve Amount	¥ 101,000,000
Statutory reserve	($11,249,275)	($11,261,339)
Erdos TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	¥ 120,000,000
Maximum Statutory Reserve Amount	¥ 60,000,000
Statutory reserve	($2,914,869)	($2,914,869)
Xi’an Zhonghong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	¥ 30,000,000
Maximum Statutory Reserve Amount	¥ 15,000,000
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
Shaanxi Huahong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	¥ 2,500,300
Maximum Statutory Reserve Amount	¥ 1,250,150
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
Zhongxun [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	¥ 35,000,000
Maximum Statutory Reserve Amount	¥ 17,500,000
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
RMB [Member] \| Shanghai TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	6,564,303	6,564,303
RMB [Member] \| Xi’an TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	73,781,005	73,862,151
RMB [Member] \| Erdos TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	19,035,814	19,035,814
RMB [Member] \| Xi’an Zhonghong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
RMB [Member] \| Shaanxi Huahong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
RMB [Member] \| Zhongxun [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit

Contingencies (Details)

Contingencies (Details) $ in Thousands			1 Months Ended		12 Months Ended
Contingencies (Details) $ in Thousands	Apr. 13, 2022 USD ($)	Apr. 13, 2022 CNY (¥)	Jun. 28, 2021 USD ($)	Jun. 28, 2021 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Jun. 28, 2021 CNY (¥)
Contingencies (Details) [Line Items]
Settlement paid	$ 37,580	¥ 261,000,000
Additional loan					$ 2,200	¥ 14,204,317
Accrued litigation expense					$ 2,200
Principal loan amount			$ 11,060				¥ 77,000,000
Loan interest			350	¥ 2,418,229
Enforcement Fee [Member]
Contingencies (Details) [Line Items]
Total fee			11,530	80,288,184
Late Fee [Member]
Contingencies (Details) [Line Items]
Total fee			11,530	80,288,184
Other Fee [Member]
Contingencies (Details) [Line Items]
Total fee			$ 11,530	¥ 80,288,184

Commitments (Details)

Commitments (Details)							1 Months Ended
Commitments (Details)	May 06, 2022 USD ($) shares	May 06, 2022 CNY (¥) shares	May 02, 2021 USD ($)	May 08, 2020 USD ($) shares	May 08, 2020 CNY (¥) shares	Oct. 10, 2019	Nov. 20, 2017 USD ($)	Nov. 20, 2017 CNY (¥)
Commitments (Details) [Line Items]
Lease agreement, description							On November 20, 2017, Xi’an TCH entered into a lease for its office from December 1, 2017 through November 30, 2020.	On November 20, 2017, Xi’an TCH entered into a lease for its office from December 1, 2017 through November 30, 2020.
Monthly rental payment							$ 5,600	¥ 36,536
Lease expiry date							November 2020	November 2020
Monthly salary	$ (2,500)	¥ 18,000
Common stock annually (in Shares) \| shares	5,000	5,000		5,000	5,000
Description of engagement agreement			Under the agreement, upon the closing of the financing, the Company will pay Univest Securities, LLC (the “Underwriter” or “Univest”) a discount equal to 8% of the gross proceeds raised in the offering, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the offering, as well as underwriter warrants to purchase that number of shares of common stock and accompanying Warrants equal to 5% of the shares of common stock and Warrants sold in the offering, including upon exercise by the Underwriter of its over-allotment option (“Underwriter Warrants”).			On October 10, 2019, the Company entered an investment banking agreement with an investment banking firm to engage it as the exclusive lead underwriter for a registered securities offering of up to $20 million. The Company shall pay the investment banker an equity retainer fee of 15,000 shares of the restricted Common Stock of the Company (10,000 shares was issued within 10 business days of signing the agreement, and remaining 5,000 shares will be paid upon completion of the offering). The agreement expired in March 2021.
Proceeds from public offering \| $			$ 10,000,000
Commencement period			5 years
New Lease Contract [Member]
Commitments (Details) [Line Items]
Monthly rental payment							$ 5,600	¥ 36,536
Chief Financial Officer [Member]
Commitments (Details) [Line Items]
Monthly salary				$ 2,200	¥ 16,000

Commitments (Details) - Schedul

Commitments (Details) - Schedule of lease costs, lease term and discount rate - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Lease Costs Lease Term And Discount Rate [Abstract]
Operating lease cost – amortization of ROU	$ 61,262	$ 60,799
Operating lease cost – interest expense on lease liability	$ 3,923	$ 7,160
Weighted Average Remaining Lease Term - Operating leases	1 year
Weighted Average Discount Rate - Operating leases	5%

Commitments (Details) - Sched_2

Commitments (Details) - Schedule of maturities of the office lease liabilities	Dec. 31, 2022 USD ($)
Schedule Of Maturities Of The Office Lease Liabilities [Abstract]
For the year ended December 31, 2023,	$ 62,952
Total undiscounted cash flows	62,952
Less: imputed interest	(774)
Present value of lease liabilities	$ 62,178

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Feb. 13, 2023	Jan. 18, 2023	Jan. 06, 2023
Subsequent Events [Abstract]
Other Notes Payable	$ 200,000	$ 150,000	$ 150,000
Stock Issued During Period, Shares, New Issues	107,758	70,754	63,025