Next Technology Holding (NXTT) 10-Q/A 12 Dec 24 2024 Q2 Quarterly report (amended) Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Dec. 12, 2024
Document Information [Line Items]
Document Type	10-Q/A
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	true
Amendment Description	Next Technology Holding Inc (formerly known as WeTrade Group Inc. (the “Company”)) is filing this Amendment No.2 (the “Amendment No.2”) to the Quarterly Report on Form 10-Q for the period ended June 30, 2024, originally filed with the Securities and Exchange Commission (the “SEC”) on August 21, 2024 (the “Original Filing”), to amend our consolidated financial statements.This Amendment No.2 amends the Original Filing, and the Amended Quarterly Report on Form 10-Q/A of the Company for the quarter ended June 30, 2024 filed on September 20, 2024 (the “Amendment No.1”). The purpose of this Amendment No.2 is to include a restatement of previously issued financial statements describing the nature of all affected financial statements as restated, amend our disclosure in “Note 8 – Prepayments” in connection with the BTC Contract (as defined below) and include disclosures relating to (i) the Amended BTC Contract (as defined below) as a subsequent event, and (ii) the BTC Option Contract, in the Quarterly Report on Form 10-Q/A of the Company for the quarter ended June 30, 2024, and to further amend our disclosure “Note 13- Stockholders’ Equity” in connection with the nature of loans that converted to equity and its financial effects.In accordance with applicable SEC rules, this Amendment No.2 includes new certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, as amended, from our Chief Executive Officer and Chief Financial Officer.Except as described above, this Form 10-Q/A does not amend, update or change any other items or disclosures contained in the Original Filing, and accordingly, this Form 10-Q/A does not reflect or purport to reflect any information or events occurring after the original filing date of the Original Filing or modify or update those disclosures affected by subsequent events. Accordingly, this Form 10-Q/A should be read in conjunction with the Original Filing and the Company’s other filings with the SEC.
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	Next Technology Holding Inc.
Entity Central Index Key	0001784970
Entity File Number	001-41450
Entity Tax Identification Number	00-0000000
Entity Incorporation, State or Country Code	WY
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	Room 519, 05/F Block T3
Entity Address, Address Line Two	Qianhai Premier Finance Centre Unit 2
Entity Address, Address Line Three	Guiwan Area
Entity Address, City or Town	Shenzhen
Entity Address, Country	CN
Entity Address, Postal Zip Code	100020
Entity Phone Fax Numbers [Line Items]
City Area Code	(86)
Local Phone Number	158 2117 2322
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		6,976,410

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 668,387	$ 668,387
Digital assets		50,733,354	35,137,576
Prepayments		12,125,500	12,125,500
Total current assets		64,657,906	49,064,580
Non-current assets:
Investment in associate company		13,396,000
Total assets		78,053,906	49,064,580
Current liabilities:
Account payables		924,127	926,456
Tax payable		130,934	130,942
Other payables		812,500	1,600,000
Total current liabilities		3,049,153	4,350,496
Non-current liabilities:
Deferred tax liabilities	[1]	2,301,348
Total liabilities		5,350,501	4,350,496
Stockholders’ equity:
Common stock; no par value; 6,976,410 and 1,054,530 issued and outstanding at June 30, 2024 and December 31, 2023 respectively	[2]	71,718,790	56,348,650
Accumulated other comprehensive loss		(113)	(8)
Retained Earnings /(Accumulated Deficits)	[1]	984,728	(11,634,558)
Total stockholders’ equity		72,703,405	44,714,084
Total liabilities and stockholders’ equity		78,053,906	49,064,580
Third Parties
Current assets:
Accounts receivable-third parties, net		1,130,665	1,133,117
Related Parties
Current liabilities:
Amount due to related parties	[2]	$ 1,181,592	$ 1,693,098
[1] There is an adjustment of $10,530 in both tax expenses and deferred tax liabilities due to under-provision of tax expenses. There is a reclassification amount of $594,140 from amount due to related parties to equity as these related parties loans have been converted to equity.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares		Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock; par value (in Dollars per share) (in Dollars per share)	[1]
Common stock, shares issued	[1]	6,976,410	1,054,530
Common stock, shares outstanding	[1]	6,976,410	1,054,530
[1] There is a reclassification amount of $594,140 from amount due to related parties to equity as these related parties loans have been converted to equity.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2024		Jun. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Revenue:
Total service revenue
Cost of revenue
Gross Profit
Operating expenses
General and administrative expense		(344,999)		(136,480)	(675,144)		(302,775)
Total operating expenses		(344,999)		(136,480)	(675,144)		(302,775)
Loss from operations		(344,999)		(136,480)	(675,144)		(302,775)
Other income/(loss)		(8,423,621)			15,595,778
Profit/ (loss) before income taxes		(8,768,620)		(136,480)	14,920,634		(302,775)
Income tax credit/(expenses)	[1]	1,841,411			(2,301,348)
Net profit/ (loss) from continuing operation		(6,927,209)	[2]	(136,480)	12,619,286	[2]	(302,775)
Net profit/ (loss) from discontinued operation				(1,077,744)			(1,853,570)
Comprehensive income
Net profit/ (loss)	[1]	(6,927,209)		(1,214,224)	12,619,286		(2,156,345)
Other comprehensive income
Foreign currency translation adjustment					(105)		310,576
Total comprehensive profit/ (loss)		$ (6,927,209)		$ (1,214,224)	$ 12,619,181		$ (1,845,769)
Earnings /(Loss) per share, basic from continuing operation (in Dollars per share)		$ (0.99)		$ (0.13)	$ 2.74		$ (0.29)
Earnings /(Loss) per share, diluted from continuing operation (in Dollars per share)		(0.99)		(0.13)	2.74		(0.29)
Earnings /(Loss) per share, basic from discontinued operation (in Dollars per share)				(1.02)			(1.76)
Earnings /(Loss) per share, diluted from discontinued operation (in Dollars per share)				$ (1.02)			$ (1.76)
Weighted-average shares outstanding, basic (in Shares)		6,976,410		1,054,530	4,609,505		1,054,530
Weighted-average shares outstanding, diluted (in Shares)		6,976,410		1,054,530	4,609,505		1,054,530
Service Revenue
Revenue:
Total service revenue
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses. There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses.

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Stockholders’ Equity (Unaudited) - USD ($)		Common Stock	Accumulated Deficits	Accumulated Other Comprehensive Income	Total
Balance at Dec. 31, 2022		$ 43,732,196	$ (1,714,858)	$ (310,576)	$ 41,706,762
Balance (in Shares) at Dec. 31, 2022		1,054,530
Foreign currency translation adjustment				310,576	310,576
Loss from discontinued operation			(1,853,570)		(1,853,570)
Net profit/ (loss)			(302,775)		(302,775)
Balance at Jun. 30, 2023		$ 43,732,196	(3,871,203)		39,860,993
Balance (in Shares) at Jun. 30, 2023		1,054,530
Balance at Mar. 31, 2023		$ 43,732,196	(2,656,979)		41,075,217
Balance (in Shares) at Mar. 31, 2023		1,054,530
Loss from discontinued operation			(1,077,744)		(1,077,744)
Net profit/ (loss)			(136,480)		(136,480)
Balance at Jun. 30, 2023		$ 43,732,196	(3,871,203)		39,860,993
Balance (in Shares) at Jun. 30, 2023		1,054,530
Balance at Dec. 31, 2023		$ 56,348,650	(11,634,558)	(8)	$ 44,714,084
Balance (in Shares) at Dec. 31, 2023		2,625,130			1,054,530	[1]
Stock issued during the period		$ 15,370,140			$ 15,370,140
Stock issued during the period (in Shares)		4,351,280
Foreign currency translation adjustment				(105)	(105)
Loss from discontinued operation
Net profit/ (loss)	[2]		12,619,286		12,619,286
Balance at Jun. 30, 2024		$ 71,718,790	984,728	(113)	$ 72,703,405
Balance (in Shares) at Jun. 30, 2024		6,976,410			6,976,410	[1]
Balance at Mar. 31, 2024		$ 56,348,650	7,911,937	(113)	$ 64,260,474
Balance (in Shares) at Mar. 31, 2024		2,625,130
Stock issued during the period		$ 15,370,140			15,370,140
Stock issued during the period (in Shares)		4,351,280
Foreign currency translation adjustment
Net profit/ (loss)	[2]		(6,927,209)		(6,927,209)
Balance at Jun. 30, 2024		$ 71,718,790	$ 984,728	$ (113)	$ 72,703,405
Balance (in Shares) at Jun. 30, 2024		6,976,410			6,976,410	[1]
[1] There is a reclassification amount of $594,140 from amount due to related parties to equity as these related parties loans have been converted to equity. There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)		6 Months Ended
		Jun. 30, 2024		Jun. 30, 2023
Cash flows from operating activities:
Net Profit/ (loss)		$ 12,619,286	[1]	$ (302,775)
Fair value gain from digital assets		(15,595,778)
Loss from discontinued operation				(1,853,570)
Changes in operating assets and liabilities:
Accounts receivables		2,452
Account payables		(2,329)
Director fee payable		82,000
Accrued expenses		49,500
Tax payables		(8)
Other payables		543,000
Deferred tax liabilities	[2]	2,301,348
Net cash flows used in continued operating activities		(529)		(2,156,345)
Net cash flows used in discontinued operating activities				1,508,093
Net cash flows used in operating activities		(529)		(648,252)
Cash flow from financing activities:
Shareholders’ loan	[3]	(593,506)		318,000
Proceeds from stock issuances	[3]	594,140
Net cash flows provided by financing activities	[3]	634		318,000
Effect of exchange rate changes on cash		(105)		310,576
Change in cash and cash equivalents:				(19,676)
Cash and cash equivalents, beginning of period		668,387		22,926
Cash and cash equivalents, end of period		668,387		3,250
Supplemental cash flow information:
Cash paid for interest
Cash paid for taxes
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses. There is an adjustment of $10,530 in both tax expenses and deferred tax liabilities due to under-provision of tax expenses, which also result in net profit decrease by $10,530. There is a reclassification amount of $594,140 from shareholders’ loan to proceeds from stock issuances as these related parties loans have been converted to equity.

Nature of Business

Nature of Business	6 Months Ended
	Jun. 30, 2024
Nature of Business [Abstract]
NATURE OF BUSINESS	NOTE 1 NATURE OF BUSINESS Business Next Technology Holdings Inc (formerly known as WeTrade Group, Inc) was incorporated in the State of Wyoming on March 28, 2019. We currently pursue two corporate strategies. One business strategy is to continue providing software development services, and the other strategy is to acquire and hold bitcoin. Software development We provide AI-enabled software development services to our customers, which include developing, designing, and implementing various SAAS software solutions for businesses of all types, including industrial and other businesses. Bitcoin Acquisition Strategy Our bitcoin acquisition strategy generally involves acquiring bitcoin with our liquid assets that exceed working capital requirements, and from time to time, subject to market conditions, issuing debt or equity securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin. We view our bitcoin holdings as long-term holdings and expect to continue to accumulate bitcoin. We have not set any specific target for the amount of bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional financings to purchase additional bitcoin. This overall strategy also contemplates that we may (i) periodically sell bitcoin for general corporate purposes, including to generate cash for treasury management or in connection with strategies that generate tax benefits in accordance with applicable law, (ii) enter into additional capital raising transactions that are collateralized by our bitcoin holdings, and (iii) consider pursuing additional strategies to create income streams or otherwise generate funds using our bitcoin holdings. We believe that, due to its limited supply, bitcoin offers the opportunity for appreciation in value if its adoption increases and has the potential to serve as a hedge against inflation in the long-term. The following table presents a roll-forward of our bitcoin holdings, including additional information related to our bitcoin purchases, and digital asset impairment losses during the period: Digital asset Gain from Market Approximate Balance on December 31, 2023 24,990,000 10,147,576 35,137,576 833 Digital asset purchase - - - - Fair value change during the period - 15,595,778 15,595,778 - Balance on June 30, 2024 24,990,000 25,743,354 50,733,354 833 Restatement of previously issued financial statement The Company discovered error in amount due to related parties, common stock, tax expenses and deferred tax liabilities during the audit review for the period ended June 30, 2024 that $594,140 of amount due to related parties has been converted to equity and under-provision of tax expenses and deferred tax liabilities of $10,530 for the six month period ended June 30, 2024. Effects of the restatement is as follows: Consolidated statement of operation for the six months period ended June 30,2024 Previously Reported (Not reviewed) Adjustment As Restated Tax expenses $ 2,290,818 $ 10,530 $ 2,301,348 Net profit $ 12,629,816 $ (10,530 ) $ 12,619,286 Consolidated balance sheet as of June 30,2024 Previously Reported (Not reviewed) Adjustment As Restated Amount due to related parties $ 1,775,732 $ (594,140 ) $ 1,181,592 Deferred tax liabilities $ 2,290,818 $ 10,530 $ 2,301,348 Total liabilities $ 5,934,111 $ (583,610 ) $ 5,350,501 Common stock $ 71,124,650 $ 594,140 $ 71,718,790 Accumulated profit $ 995,258 $ (10,530 ) $ 984,728 Total equity $ 72,119,795 $ 583,610 $ 72,703,405 Consolidated statement of cash flows for the six months period ended June 30,2024 Previously Reported (Not reviewed) Adjustment As Restated Cash flows from operating activities: Net profit $ 12,629,816 $ (10,530 ) $ 12,619,286 Deferred tax liabilities $ 2,290,818 $ 10,530 $ 2,301,348 Cash flows from financing activities: Shareholders’ loan $ 634 $ (594,140 ) $ (593,506 ) Proceeds from stock issuance - $ 594,140 $ 594,140

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation of Financial Statements The condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements of the Company as of and for the six months ended June 30, 2024 and 2023 are unaudited. In the opinion of management, all adjustments (including normal recurring adjustments) that have been made are necessary to fairly present the financial position of the Company as of June 30, 2024, the results of its operations for the six months ended June 30, 2024 and 2023, and its cash flows for the six months ended June 30, 2024 and 2023. Operating results for the quarterly periods presented are not necessarily indicative of the results to be expected for a full fiscal year. The statements and related notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and other information included in the Company’s Annual Report on Form 10-K as filed with the SEC for the fiscal year ended December 31, 2023. Revenue recognition The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts Goodwill and Other - Crypto Assets In December 2023, the FASB issued ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, which establishes accounting guidance for crypto assets meeting certain criteria. Bitcoin meets these criteria. The amendments require crypto assets to meet the criteria to be recognized at fair value with changes recognized in net income each reporting period. Upon adoption, a cumulative-effect adjustment is made to the opening balance of retained earnings as of the beginning of the annual reporting period of adoption. ASU 2023-08 is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early adoption is permitted. The Company has early applied ASU 2023-08 and measured crypto assets (presented as digital assets) at fair value with changes recognized in net income this period. The following table summarizes the Company’s digital asset holdings as of: June 30, December 31, Approximate number of bitcoins held 833 833 Digital assets carrying value $ 50,733,354 $ 35,137,576 Gain on digital assets during the period/ Year $ 15,595,778 $ 10,147,576 As of June 30, 2024, the Company had approximately 833 bitcoins which had a carrying value of approximately $50.7 million. Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with a maturity period of three months or less to be cash or cash equivalents. The carrying amounts reported in the accompanying unaudited condensed consolidated balance sheets for cash and cash equivalents approximate their fair value. All of the Company’s cash that is held in bank accounts in Hong Kong and PRC are not protected by Federal Deposit Insurance Corporation (“FDIC”) insurance. Foreign Currency The Company’s principal country of operations is the PRC. The accompanying condensed consolidated financial statements are presented in US$. The functional currency of the Company is US$, and the functional currency of the Company’s subsidiaries is RMB. The condensed consolidated financial statements are translated into US$ from RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The resulting translation adjustments are recorded as a component of shareholders’ equity included in other comprehensive income. Gains and losses from foreign currency transactions are included in profit or loss. There were no gains and losses from foreign currency transactions from the inception to June 30, 2024. June 30, December 31, RMB: US$ exchange rate 7.22 7.09 The balance sheet amounts, with the exception of equity as of June 30, 2024 and December 31, 2023 were translated at 7.22 RMB and 7.09 RMB to US$1.00, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to statements of operations and comprehensive income accounts for the period ended June 30, 2024 and year ended December 31, 2023 were 7.18 RMB and 7.08 RMB to US$1.00, respectively. Cash flows were also translated at average translation rates for the period and, therefore, amounts reported on the statement of cash flows would not necessarily agree with changes in the corresponding balances on the condensed consolidated balance sheet. Investment Investment in associate company that we have significant influence but do not have control over the investee are accounted for under the equity method. We will periodically review the investment for impairment. The initial measurement and periodic subsequent adjustments of the investment are calculated by applying the ownership percentage to the net assets or equity of the partially owed entity under ASC 323. Consolidation The Company’s condensed consolidated financial statements include the financial statements of the Group and subsidiaries. All transactions and balances among the Group and its subsidiaries have been eliminated upon consolidation. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make judgement estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. Significant accounting estimates include the allowance for expected credit loss, valuation of deferred tax assets, and certain accrued liabilities such as contingent liabilities. Accounts Receivable Accounts receivables are presented net of allowance for expected credit loss. The Company uses specific identification in providing for bad debts when facts and circumstances indicate that collection is doubtful and based on factors listed in the following paragraph. If the financial conditions of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowance may be required. The Company maintains an allowance for expected credit loss which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for expected credit loss on general basis taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the customers as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances of each account may require the Company to use substantial judgment in assessing its collectability. Leases The Company adopted Accounting Standards Update No. 2016-02, Leases (Topic 842) (ASU 2016-02), and generally requires lessees to recognize operating and financing lease liabilities and corresponding right-of-use (ROU) assets on the balance sheet and to provide enhanced disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements. Operating leases are included in operating lease right-of-use (“ROU”) assets and short-term and long-term lease liabilities in our condensed consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our condensed consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the leases do not provide an implicit rate, we use the industry incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. ASU 2016-02 requires that public companies use a secured incremental browning rate for the present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly. Software Development Costs We apply ASC 985-20, Software—Costs of Software to Be Sold, Leased, or Marketed, in analyzing our software development costs. ASC 985-20 requires the capitalization of certain software development costs subsequent to the establishment of technological feasibility for a software product in development. Research and development costs associated with establishing technological feasibility are expensed as incurred. Based on our software development process, technological feasibility is established upon the completion of a working model. In addition, we apply this to our review of development projects related to software used exclusively for our SaaS subscription offerings. In these reviews, all costs incurred during the preliminary project stages are expensed as incurred. Once the projects have been committed to and it is probable that the projects will meet functional requirements, costs are capitalized. Income Tax Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company has subsidiaries in Hong Kong and PRC. The Company is subject to tax in Hong Kong and PRC jurisdictions. As a result of its future business activities, the Company will be required to file tax returns that are subject to examination by the Inland Revenue Department of Hong Kong and Tax Department of PRC. Earnings/ (Loss) Per Share Earnings/ (loss) per share of common stock attributable to common stockholders is calculated by dividing net income attributable to common stockholders by the weighted-average shares of common stock outstanding for the period. Potentially dilutive shares, which are based on the weighted-average shares of common stock underlying outstanding stock-based awards, warrants, options, or convertible debt using the treasury stock method or the if-converted method, as applicable, are included when calculating diluted net income (loss) per share of common stock attributable to common stockholders when their effect is dilutive. Potential dilutive securities are excluded from the calculation of diluted EPS in profit periods as their effect would be anti-dilutive. As of June 30, 2024, there were no potentially dilutive shares. Three Months Ended Three Months Ended Six Months Ended Six Months Ended For the For the For the For the (Restated) (Restated) Statement of Operations Summary Information: Net Profit/ (Loss) (6,927,209 ) (136,480 ) $ 12,619,286 $ (302,775 ) Weighted-average common shares outstanding - basic and diluted 6,976,410 1,054,530 4,609,505 1,054,530 Earnings/ (loss) per share, basic and diluted (0.99 ) (0.13 ) $ 2.74 $ (0.29 ) Fair Value Measurements The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to non-financial items that are recognized and disclosed at fair value in the financial statements on a non-recurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2024
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue [Abstract]
REVENUE	NOTE 4 – REVENUE We are in the business of providing AI-enabled software development services for industrial and other customers. As of and for the period ended June 30, 2024, there was no

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	NOTE 5 – CASH AND CASH EQUIVALENTS As of June 30, 2024, the Company held cash in bank in the amount of $668,387, which consists of the following: June 30, December 31, Bank Deposits- Outside USA $ 668,387 $ 668,387

Digital Assets

Digital Assets	6 Months Ended
	Jun. 30, 2024
Digital Assets [Abstract]
DIGITAL ASSETS	NOTE 6 – DIGITAL ASSETS As of June 30, 2024, digital assets holdings are as follows: June 30, December 31, Opening balance $ 35,137,576 $ — Purchase of BTC — 24,990,000 Gain from digital assets 15,595,778 10,147,576 Ending balance $ 50,733,354 $ 35,137,576 As of June 30, 2024, the Company held approximately 833 BTC at the total cost of $24,990,000. For the six months ended June 30, 2024 and for the year ended December 31, 2023, the Company recognized gain of $15,595,778 and $10,147,576 on digital assets respectively.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2024
Accounts Receivable [Abstract]
ACCOUNTS RECEIVABLE	NOTE 7 – ACCOUNTS RECEIVABLE As of June 30, 2024, accounts receivable are related to the services fee from customers as follow: June 30, December 31, Accounts Receivable $ 1,130,665 $ 1,133,117 The Company does not require collateral for accounts receivable. The Company maintains an allowance for its doubtful accounts receivable due to estimated credit losses. The Company records the allowance against bad debt expense through the condensed consolidated statements of operations, included in general and administrative expense, up to the amount of revenues recognized to date. Receivables are written off and charged against the recorded allowance when the Company has exhausted collection efforts without success. There is no allowance for expected credit loss as the accounts receivable has been received as at reporting date.

Prepayments

Prepayments	6 Months Ended
	Jun. 30, 2024
Prepayments [Abstract]
PREPAYMENTS	NOTE 8 – PREPAYMENTS As of June 30, 2024, prepayments consist of the following: June 30, December 31, Prepayment for digital assets $ 12,125,500 $ 12,125,500 As previously disclosed in a Form 8-K filed on September 28, 2023, the Company entered into a BTC Trading Contract (the “BTC Contract”) with an autonomous organization (the “Association Seller”), which supports its members in the sale of BTC. While the Association Seller provides services to facilitate the sale of BTC by its members, it does not exert control over them by ownership or contract, nor does it make decisions for its members relating to the sale of BTC. None of the members of the Association Seller hold equity, serve as director or officer, or otherwise have voting power or management rights of the Association Seller. Under the BTC Contract, the Company has the right to purchase up to 6,000 BTC from the members of the Association Seller (each, a “BTC Seller”) through the Association Seller at a locked price of $30,000/BTC over a 12-month period commencing on September 25, 2023, with payment to be made in the form of cash or the Company’s shares. Although the BTC Contract states that the Association Seller (Party B) “owns the virtual currency”, to our knowledge, this statement was mistakenly made. As of the date of the BTC Contract, it were the individual members of the Association Seller, not the Association Seller itself, who own the BTC to be sold under the BTC Contract. We believe the Association Seller will coordinate with its members to fulfill the Company’s purchase of BTC, however, we cannot guarantee that the Company will be able to purchase BTC from the BTC Sellers. The BTC Contract was entered into solely between the Company and the Association Seller and no BTC Sellers owe any legal obligation to the Company in connection with the purchase and sale of BTC. Following the execution of the BTC Contract, the Company purchased 833 BTC from the BTC Sellers and decided to purchase an additional 1,000 BTC (the “1,000 BTC Purchase”). As of December 31, 2023, the Company made a prepayment to the BTC Sellers through the Association Seller of approximately $12,125,500 (the “Prepayment Amount”), representing 40% of the total purchase price for 1000 BTC. The prepayment was made to secure favorable pricing and demonstrate the Company’s commitment to completing the 1,000 BTC Purchase. This prepayment is refundable if the 1,000 BTC Purchase is not completed. While negotiating the terms of the 1,000 BTC Purchase with the BTC Sellers, the Company decided to exercise its right under the BTC Contract to purchase 5,000 BTC (the “5,000 BTC Purchase”), which includes the previously planned 1,000 BTC. To reflect the then price increase in BTC and finalize the transaction details of the 5,000 BTC Purchase, the Company and the Association Seller entered into that certain Amendment Agreement (the “Amendment Agreement”) on May 2, 2024, which was previously disclosed in a Form 8-K filed by the Company on May 6, 2024. According to the Amendment Agreement, the Company agreed to pay the aggregate price for the 5,000 BTC through the issuance of 40,000,000 shares of the Company’s common stock (the “Common Stock”) valued at $3.75 per share, which was the closing market price of the Common Stock as of May 1, 2024 (the “Then FMV”) and warrants to purchase 80,000,000 shares of the Common Stock with the exercise price of $2.6 per share (equal to 70% of the Then FMV). In connection with the 5,000 BTC Purchase, on May 8, 2024, the Company filed a Preliminary Information Statement on Schedule 14C (the “Preliminary 14C”). Subsequently, the Company decided to cease pursuing the 5,000 BTC Purchase due to the market fluctuations in BTC and further discussions with the BTC Sellers, which was previously disclosed on a Form 8-K filed by the Company on June 26, 2024. Despite the cancellation of the 5,000 BTC Purchase, negotiations regarding the original 1,000 BTC Purchase continued. The Company’s original plan was to settle the remaining 60% of the total purchase price for 1,000 BTC through the issuance of the Common Stock at a per share price based on the average market price over a five-day period immediately prior to the date of the completion of the 1,000 BTC Purchase. However, the Board believed in the potential long-term appreciation of the BTC. As a result, it has decided to halt the 1,000 BTC Purchase and instead re-negotiate the terms with the Associate Seller to acquire 5,167 BTC, which represents the maximum number of BTC that the Company was entitled to purchase under the BTC Contract minus the BTC already acquired under the BTC Contract. Please see “Note 15 – Subsequent Events” for details regarding the Company’s entry of the Amended BTC Contract.

Investment

Investment	6 Months Ended
	Jun. 30, 2024
Investment [Abstract]
INVESTMENT	NOTE 9 – INVESTMENT As of June 30, 2024, investment consists of the following: June 30, December 31, Investment in an associate company $ 13,396,600 $ - In April 2024, there are 3,940,000 shares issued with the total amount of $13,396,000 for the acquisition of 20% of associate company. The officers, directors and selling shareholders of associate company are not related party and independent with each other, which are not acting in concert with others. Investment in associate company that we have significant influence but do not have control over the investee are accounted for under the equity method. We will periodically review the investment for impairment. The initial measurement and periodic subsequent adjustments of the investment are calculated by applying the ownership percentage to the net assets or equity of the partially owed entity under ASC 323.

Amount Due to Related Parties

Amount Due to Related Parties	6 Months Ended
	Jun. 30, 2024
Amount Due to Related Parties [Abstract]
AMOUNT DUE TO RELATED PARTIES	NOTE 10 – AMOUNT DUE TO RELATED PARTIES June 30, December 31, Related parties payable $ 282,535 $ 282,535 Amount due to shareholders 13,057 606,563 Director fee payable 886,000 804,000 $ 1,181,592 $ 1,693,098 The related party balance of $282,535 represented advances from former shareholders for the Company’s daily operation. As of June 30, 2024, the amount due to shareholders of $13,057 represented advances and professional expenses paid on behalf by Shareholders, which consist of audit fees, lawyers’ fee and other professional expenses. As of June 30, 2024, the director fee payable of $886,000 represented the accrual of director fees from the appointment date to June 30, 2024. The amount due to related parties are interest free, unsecured and have no fixed repayment period.

Account Payables

Account Payables	6 Months Ended
	Jun. 30, 2024
Account Payables [Abstract]
ACCOUNT PAYABLES	NOTE 11 – ACCOUNT PAYABLES As of June 30, 2024 and December 31, 2023, account payables are related to the software services fee payables to suppliers as follows: June 30, 2024 December 31, 2023 Account payables $ 924,127 $ 926,456

Other Payables

Other Payables	6 Months Ended
	Jun. 30, 2024
Other Payables [Abstract]
OTHER PAYABLES	NOTE 12 – OTHER PAYABLES As of June 30, 2024, other payables consist of unpaid professional fee as follows: June 30, December 31, Professional fees $ 812,500 $ 1,600,000 Professional fee payables of $812,500 comprise outstanding legal fees in relation to shareholders’ litigation, BTC consultant fee and listing compliance fee owing to professional parties.

Shareholders_ Equity

Shareholders’ Equity	6 Months Ended
	Jun. 30, 2024
Shareholders’ Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 13 – SHAREHOLDERS’ EQUITY The Company has an unlimited number of authorised ordinary shares and has issued 6,976,410 shares with no On March 29, 2019, the Company issued 100,000,000 shares with no par value to thirty-three founders. On September 3, 2019, the Company issued a total 74,000 shares at $3 each to 5 non-US shareholders. The total outstanding shares has increased to 100,074,000 shares as of December 31, 2019. In February 2020, there are 1,666,666 shares were issued at $3 per share to 2 new shareholders. On July 10, 2020, the Company issued another 26,000 shares at $3 per share to 2 new shareholders and the total outstanding shares has increased to 101,766,666 shares. On September 15, 2020, the Wyoming Secretary of State approved the Company’s certificate of amendment to amend its Articles of Incorporation to effect 3 for 1 forward stock split. The total issued and outstanding shares of the Company’s common stock has been increased from 101,766,666 to 305,299,998 shares, with the par value unchanged at zero. On September 21, 2020, there are 151,500 shares issued at $5 per share to 303 new shareholders, the Company’s common stock issued has been increased to 305,451,498 shares as of December 31, 2020. On April 13, 2022, the Company and 15 shareholders entered into that certain Share Exchange Agreement (the “Share Exchange Agreement”), pursuant to which Company and the 15 Shareholders have cancelled 120,418,995 shares of Common Stock (“Cancellation Shares”). Upon completion of the transaction, the outstanding shares of the Company’s Common Stock has been decreased from 305,451,498 shares to 185,032,503 shares as of June 30, 2022. On July 21, 2022, the Company completed uplisting of its common stock to the Nasdaq Capital Market, and the closing of its public offering of 10,000,000 shares of common stock with the gross proceeds of $40,000,000 and net proceeds of $37,057,176 after deducting the total offering cost of $2,942,824. The shares were priced at $4.00 per share, and the offering was conducted on a firm commitment basis. The shares continue to trade under the stock symbol “WETG.” The Company’s total issued and outstanding common stock has been increased to 195,032,503 shares after the offering. On July 22, 2022, the Company issued 25,000 shares of common stock to certain service providers for services in connection with the public offering, the fair value of the share was $477,500. The Company’s total issued and outstanding common stock has been increased to 195,057,503 shares in 2022. On June 9, 2023, the Wyoming Secretary of State approved the Company’s certificate of amendment to amend its Articles of Incorporation to effect 1 for 185 reverse stock split (“Reverse Stock Split”). The total issued and outstanding shares of the Company’s common stock decreased from 195,057,503 to 1,054,530 shares, with the par value unchanged at zero. In September 2023, there were 1,570,600 shares issued with the total amount of $12,616,454, and the Company’s common stock issued has been increased to 2,625,130 shares as of March 31, 2024. In April 2024, there are 3,940,000 shares issued with the total amount of $13,396,000 for the acquisition of 20% of associate company. On April 9, 2024, 411,280 shares were converted to equity from loan and outstanding professional fee with the amount of $1,974,140 at the conversion price of $4.80 per share based on average price of last 10 trading days. These loans are related to the long outstanding salaries, professional fee, litigation lawyer fees and BTC consultant fee paid by shareholders on behalf of the Company. The amount due to related parties are interest free, unsecured and have no fixed repayment terms. Prior to the loan conversion to equity, the amount of $1,974,140 is recorded as current liabilities. Subsequent to loan to equity conversion, the amount of $1,974,140 was converted to 411,280 shares and recorded in stockholder’ equity as follows: Nature of loan: Amount: Conversion price: Number of Financial impact of conversion: Advance from shareholders to pay outstanding legal fee, salaries, Edgar filing fee, audit fee, which accumulated from January 2023 to March 2024. $ 594,140 $ 4.80 123,780 shares Reclassification from amount due to related parties to equity Accounting and compliance fee, which accumulated from January 2023 to March 2024. $ 420,000 $ 4.80 87,500 shares Reclassification from other payables to equity Legal advisory fee in relation to BTC transaction which accumulated from January 2023 to March 2024. $ 480,000 $ 4.80 100,000 shares Reclassification from other payables to equity BTC Consultant fee, which accumulated from January 2023 to March 2024. $ 480,000 $ 4.80 100,000 shares Reclassification from other payables to equity Total $ 1,974,140 411,280 shares As of June 30, 2024, the Company’s common stock issued has been increased to 6,976,410 shares.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
INCOME TAXES	NOTE 14 – INCOME TAXES The Company is subject to U.S. Federal tax laws. The Company has not recognized an income tax benefit for its operating losses in the United States because the Company does not expect to commence active operations in the United States. There are several subsidiaries were incorporated in Hong Kong and are subject to Hong Kong profits tax at a tax rate of 16.5%. The Company is currently conducting its operations in the PRC through its subsidiaries, which are subject to tax from 15% to 25%.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abtstract]
SUBSEQUENT EVENTS	NOTE 15 – SUBSEQUENT EVENTS Amended and Restated BTC Trading Contract On September 24, 2024, the Company and the Association Seller entered into an Amended and Restated BTC Trading Contract (the “Amended BTC Contract”), which amended and restated the BTC Contract. Under the Amended BTC Contract, the Company is entitled to purchase up to 5,167 BTC (the “Total BTC”) from the BTC sellers set forth on Schedule I to the Amended BTC Contract (the “Schedule I BTC Sellers”) through the Association Seller at a purchase price of US$30,000 per BTC (subject to an additional purchase price by issuance of warrants to purchase shares of Common Stock at a nominal exercise price as described below) over a 12-month period commencing on the date of the Amended BTC Contract. The purchase price for the Total BTC will be paid by the Company in cash or shares of Common Stock. Although the Amended BTC Contract states that the Association Seller (Party B) “owns the virtual currency”, to our knowledge, this statement was mistakenly made. As of the date of the Amended BTC Contract, it were the Schedule I BTC Sellers who are the individual members of the Association Seller, not the Association Seller itself, who own the BTC to be sold under the Amended BTC Contract. To our knowledge, the Association Seller entered into a cooperation agreement with each Schedule I BTC Sellers (the “Cooperation Agreement”) on the same day when the Amended BTC Contract was entered. Under the Cooperation Agreement, each Schedule I BTC Seller agrees to transfer a specified number of BTC (as set forth in the Cooperation Agreement) to a BTC wallet address designated by the Association Seller for the transactions contemplated under the Amended BTC Contract. While we believe the Association Seller will be able to coordinate with its members to fulfill the Company’s purchase of BTC if the Company so decides, we cannot guarantee that the Company will successfully acquire BTC pursuant to the Amended BTC Contract. The Amended BTC Contract was entered into solely between the Company and the Association Seller and no Schedule I BTC Sellers owe any legal obligation to the Company in connection with the purchase and sale of BTC. Furthermore, as the Company is not a party to the Cooperation Agreement, it cannot enforce the terms of the Cooperation Agreement against any Schedule I BTC Sellers should such Schedule I BTC Sellers do not perform their obligations under the Cooperation Agreement. For example, if a Schedule I BTC Seller does not transfer its committed BTC to the Association Seller pursuant to the Cooperation Agreement, we may not be able to purchase such BTC from the Association Seller pursuant to the Amended BTC Contract. At the time when the Amended BTC Contract was signed, the Company indicated its intent to exercise the option to purchase 5,000 BTC out of the Total BTC pursuant to the Amended BTC Contract (the “Amended 5,000 BTC Transaction”). According to the terms of the Amended BTC Contract, the previously-made Prepayment Amount will be applied towards the total purchase price for the Amended 5,000 BTC Transaction and the Company will pay the remaining balance through (i) the issuance of 135,171,078 shares of Common Stock (the “Shares”) valued at $1.02 per share and (ii) the issuance of warrants to purchase 294,117,647 shares of Common Stock at a nominal exercise price (the “Warrants”). The value of $1.02 per share for the Shares is equal to the sum of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the signing of the Amended BTC Contract, and (ii) $0.01. Using the same per value valuation, the warrants are worth approximately $300,000,000. Pursuant to the Amended BTC Contract, the Company shall exercise its option to purchase BTC thereunder prior to September 24, 2025. While the Company’s purchase option thereunder is time-limited, the Amended BTC Contract itself will remain in effect without a defined expiration date, unless otherwise terminated. In the event of a breach by either party, the non-breaching party has the right to terminate the agreement. In such case, the breaching party will be obligated to pay a penalty of $18,000,000 to the non-breaching party. The above description of the Amended BTC Contract does not purport to be complete, and is qualified in its entirety by reference to the full text of the Amended BTC Contract, a copy of which is attached to the Company’s Current Report on Form 8-K as Exhibit 10.1, filed with the SEC on September 27, 2024, which is incorporated by reference herein. Impact on Company’s Capitalization and Stockholder Approval The issuance of securities pursuant to the Amended BTC Contract will not affect the rights of the Company’s existing stockholders, but such issuances will have a significant dilutive effect on the Company’s existing stockholders, including the voting power of the existing stockholders. As of the date of this report, there were 6,976,410 issued and outstanding shares of the Common Stock . Immediately after the issuance of the Shares (assuming no exercise of the Warrants), there will be 142,147,488 issued and outstanding shares of the Common Stock, and the ownership percentage of the Company’s existing stockholders in the Company will be diluted to approximately 4.91%. Assuming full exercise of the Warrants concurrently with the issuance of the Shares, immediately after the issuance of the Shares, there will be 436,265,135 issued and outstanding shares of Common Stock, and the ownership percentage of the Company’s existing stockholders in the Company will be further diluted to approximately 1.60%. Pursuant to Nasdaq Rule 5635(a), if an issuer intends to issue common stock or securities convertible into or exercisable for common stock, in connection with the acquisition of stock or assets of another company, which may equal or exceed 20% of the outstanding common stock or voting power on a pre-transaction basis, the issuer generally must obtain the prior approval of its stockholders. Pursuant to Nasdaq Rule 5635(d), if an issuer intends to issue common stock or securities convertible into or exercisable for common stock, other than in a public offering, which may equal or exceed 20% of the outstanding common stock or voting power on a pre-transaction basis for a price that is lower than (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the signing of a binding agreement; or (ii) the average Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of the binding agreement for such common stock, the issuer generally must obtain the prior approval of its stockholders. The Shares to be issued to the Schedule I BTC Sellers in the Amended 5,000 BTC Transaction exceeds the threshold for which stockholder approval is required under Nasdaq Rule 5635(a), and the Warrant Shares to be issued to the Schedule I BTC Sellers upon the full exercise of the Warrants could result in the issuance of a number of shares exceeding the threshold and pricing for which stockholder approval is required under Nasdaq 5635(d). As such, the Company is required to obtain requisite stockholder approval for the Amended 5,000 BTC Transaction. As disclosed in a Preliminary Information Statement on Schedule 14C filed by the Company on October 3, 2024, the Company has obtained the requisite stockholder approval for the Amended 5,000 BTC Transaction in accordance with the Company’s articles of incorporation and bylaws on September 24, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	[1]	$ (6,927,209)	$ (1,214,224)	$ 12,619,286	$ (2,156,345)
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Preparation of Financial Statements	Basis of Preparation of Financial Statements The condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements of the Company as of and for the six months ended June 30, 2024 and 2023 are unaudited. In the opinion of management, all adjustments (including normal recurring adjustments) that have been made are necessary to fairly present the financial position of the Company as of June 30, 2024, the results of its operations for the six months ended June 30, 2024 and 2023, and its cash flows for the six months ended June 30, 2024 and 2023. Operating results for the quarterly periods presented are not necessarily indicative of the results to be expected for a full fiscal year. The statements and related notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and other information included in the Company’s Annual Report on Form 10-K as filed with the SEC for the fiscal year ended December 31, 2023.
Revenue recognition	Revenue recognition The Company follows the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts
Goodwill and Other - Crypto Assets	Goodwill and Other - Crypto Assets In December 2023, the FASB issued ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, which establishes accounting guidance for crypto assets meeting certain criteria. Bitcoin meets these criteria. The amendments require crypto assets to meet the criteria to be recognized at fair value with changes recognized in net income each reporting period. Upon adoption, a cumulative-effect adjustment is made to the opening balance of retained earnings as of the beginning of the annual reporting period of adoption. ASU 2023-08 is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early adoption is permitted. The Company has early applied ASU 2023-08 and measured crypto assets (presented as digital assets) at fair value with changes recognized in net income this period. The following table summarizes the Company’s digital asset holdings as of: June 30, December 31, Approximate number of bitcoins held 833 833 Digital assets carrying value $ 50,733,354 $ 35,137,576 Gain on digital assets during the period/ Year $ 15,595,778 $ 10,147,576 As of June 30, 2024, the Company had approximately 833 bitcoins which had a carrying value of approximately $50.7 million.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid debt instruments purchased with a maturity period of three months or less to be cash or cash equivalents. The carrying amounts reported in the accompanying unaudited condensed consolidated balance sheets for cash and cash equivalents approximate their fair value. All of the Company’s cash that is held in bank accounts in Hong Kong and PRC are not protected by Federal Deposit Insurance Corporation (“FDIC”) insurance.
Foreign Currency	Foreign Currency The Company’s principal country of operations is the PRC. The accompanying condensed consolidated financial statements are presented in US$. The functional currency of the Company is US$, and the functional currency of the Company’s subsidiaries is RMB. The condensed consolidated financial statements are translated into US$ from RMB at year-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. The resulting translation adjustments are recorded as a component of shareholders’ equity included in other comprehensive income. Gains and losses from foreign currency transactions are included in profit or loss. There were no gains and losses from foreign currency transactions from the inception to June 30, 2024. June 30, December 31, RMB: US$ exchange rate 7.22 7.09 The balance sheet amounts, with the exception of equity as of June 30, 2024 and December 31, 2023 were translated at 7.22 RMB and 7.09 RMB to US$1.00, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to statements of operations and comprehensive income accounts for the period ended June 30, 2024 and year ended December 31, 2023 were 7.18 RMB and 7.08 RMB to US$1.00, respectively. Cash flows were also translated at average translation rates for the period and, therefore, amounts reported on the statement of cash flows would not necessarily agree with changes in the corresponding balances on the condensed consolidated balance sheet.
Investment	Investment Investment in associate company that we have significant influence but do not have control over the investee are accounted for under the equity method. We will periodically review the investment for impairment. The initial measurement and periodic subsequent adjustments of the investment are calculated by applying the ownership percentage to the net assets or equity of the partially owed entity under ASC 323.
Consolidation	Consolidation The Company’s condensed consolidated financial statements include the financial statements of the Group and subsidiaries. All transactions and balances among the Group and its subsidiaries have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make judgement estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. Significant accounting estimates include the allowance for expected credit loss, valuation of deferred tax assets, and certain accrued liabilities such as contingent liabilities.
Accounts Receivable	Accounts Receivable Accounts receivables are presented net of allowance for expected credit loss. The Company uses specific identification in providing for bad debts when facts and circumstances indicate that collection is doubtful and based on factors listed in the following paragraph. If the financial conditions of its customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowance may be required. The Company maintains an allowance for expected credit loss which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for expected credit loss on general basis taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the customers as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances of each account may require the Company to use substantial judgment in assessing its collectability.
Leases	Leases The Company adopted Accounting Standards Update No. 2016-02, Leases (Topic 842) (ASU 2016-02), and generally requires lessees to recognize operating and financing lease liabilities and corresponding right-of-use (ROU) assets on the balance sheet and to provide enhanced disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements. Operating leases are included in operating lease right-of-use (“ROU”) assets and short-term and long-term lease liabilities in our condensed consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our condensed consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the leases do not provide an implicit rate, we use the industry incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. ASU 2016-02 requires that public companies use a secured incremental browning rate for the present value of lease payments when the rate implicit in the contract is not readily determinable. We determine a secured rate on a quarterly basis and update the weighted average discount rate accordingly.
Software Development Costs	Software Development Costs We apply ASC 985-20, Software—Costs of Software to Be Sold, Leased, or Marketed, in analyzing our software development costs. ASC 985-20 requires the capitalization of certain software development costs subsequent to the establishment of technological feasibility for a software product in development. Research and development costs associated with establishing technological feasibility are expensed as incurred. Based on our software development process, technological feasibility is established upon the completion of a working model. In addition, we apply this to our review of development projects related to software used exclusively for our SaaS subscription offerings. In these reviews, all costs incurred during the preliminary project stages are expensed as incurred. Once the projects have been committed to and it is probable that the projects will meet functional requirements, costs are capitalized.
Income Tax	Income Tax Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company has subsidiaries in Hong Kong and PRC. The Company is subject to tax in Hong Kong and PRC jurisdictions. As a result of its future business activities, the Company will be required to file tax returns that are subject to examination by the Inland Revenue Department of Hong Kong and Tax Department of PRC.
Earnings/ (Loss) Per Share	Earnings/ (Loss) Per Share Earnings/ (loss) per share of common stock attributable to common stockholders is calculated by dividing net income attributable to common stockholders by the weighted-average shares of common stock outstanding for the period. Potentially dilutive shares, which are based on the weighted-average shares of common stock underlying outstanding stock-based awards, warrants, options, or convertible debt using the treasury stock method or the if-converted method, as applicable, are included when calculating diluted net income (loss) per share of common stock attributable to common stockholders when their effect is dilutive. Potential dilutive securities are excluded from the calculation of diluted EPS in profit periods as their effect would be anti-dilutive. As of June 30, 2024, there were no potentially dilutive shares. Three Months Ended Three Months Ended Six Months Ended Six Months Ended For the For the For the For the (Restated) (Restated) Statement of Operations Summary Information: Net Profit/ (Loss) (6,927,209 ) (136,480 ) $ 12,619,286 $ (302,775 ) Weighted-average common shares outstanding - basic and diluted 6,976,410 1,054,530 4,609,505 1,054,530 Earnings/ (loss) per share, basic and diluted (0.99 ) (0.13 ) $ 2.74 $ (0.29 )
Fair Value Measurements	Fair Value Measurements The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to non-financial items that are recognized and disclosed at fair value in the financial statements on a non-recurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments.

Nature of Business (Tables)

Nature of Business (Tables)	6 Months Ended
	Jun. 30, 2024
Nature of Business [Abstract]
Schedule of Digital Asset Impairment Losses	The following table presents a roll-forward of our bitcoin holdings, including additional information related to our bitcoin purchases, and digital asset impairment losses during the period: Digital asset Gain from Market Approximate Balance on December 31, 2023 24,990,000 10,147,576 35,137,576 833 Digital asset purchase - - - - Fair value change during the period - 15,595,778 15,595,778 - Balance on June 30, 2024 24,990,000 25,743,354 50,733,354 833
Schedule of Consolidated Statement of Operation	Effects of the restatement is as follows: Consolidated statement of operation for the six months period ended June 30,2024 Previously Reported (Not reviewed) Adjustment As Restated Tax expenses $ 2,290,818 $ 10,530 $ 2,301,348 Net profit $ 12,629,816 $ (10,530 ) $ 12,619,286
Schedule of Consolidated Balance Sheet	Consolidated balance sheet as of June 30,2024 Previously Reported (Not reviewed) Adjustment As Restated Amount due to related parties $ 1,775,732 $ (594,140 ) $ 1,181,592 Deferred tax liabilities $ 2,290,818 $ 10,530 $ 2,301,348 Total liabilities $ 5,934,111 $ (583,610 ) $ 5,350,501 Common stock $ 71,124,650 $ 594,140 $ 71,718,790 Accumulated profit $ 995,258 $ (10,530 ) $ 984,728 Total equity $ 72,119,795 $ 583,610 $ 72,703,405
Schedule of Consolidated Statement of Cash Flows	Consolidated statement of cash flows for the six months period ended June 30,2024 Previously Reported (Not reviewed) Adjustment As Restated Cash flows from operating activities: Net profit $ 12,629,816 $ (10,530 ) $ 12,619,286 Deferred tax liabilities $ 2,290,818 $ 10,530 $ 2,301,348 Cash flows from financing activities: Shareholders’ loan $ 634 $ (594,140 ) $ (593,506 ) Proceeds from stock issuance - $ 594,140 $ 594,140

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Summarizes the Company’s Digital Asset	The following table summarizes the Company’s digital asset holdings as of: June 30, December 31, Approximate number of bitcoins held 833 833 Digital assets carrying value $ 50,733,354 $ 35,137,576 Gain on digital assets during the period/ Year $ 15,595,778 $ 10,147,576
Schedule of Gains and Losses from Foreign Currency Transactions	Gains and losses from foreign currency transactions are included in profit or loss. There were no gains and losses from foreign currency transactions from the inception to June 30, 2024. June 30, December 31, RMB: US$ exchange rate 7.22 7.09
Schedule of Statement of Operations Summary Information	As of June 30, 2024, there were no potentially dilutive shares. Three Months Ended Three Months Ended Six Months Ended Six Months Ended For the For the For the For the (Restated) (Restated) Statement of Operations Summary Information: Net Profit/ (Loss) (6,927,209 ) (136,480 ) $ 12,619,286 $ (302,775 ) Weighted-average common shares outstanding - basic and diluted 6,976,410 1,054,530 4,609,505 1,054,530 Earnings/ (loss) per share, basic and diluted (0.99 ) (0.13 ) $ 2.74 $ (0.29 )

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash Held in Bank	As of June 30, 2024, the Company held cash in bank in the amount of $668,387, which consists of the following: June 30, December 31, Bank Deposits- Outside USA $ 668,387 $ 668,387

Digital Assets (Tables)

Digital Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Digital Assets [Abstract]
Schedule of Digital Assets Holdings	As of June 30, 2024, digital assets holdings are as follows: June 30, December 31, Opening balance $ 35,137,576 $ — Purchase of BTC — 24,990,000 Gain from digital assets 15,595,778 10,147,576 Ending balance $ 50,733,354 $ 35,137,576

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2024
Accounts Receivable [Abstract]
Schedule of Accounts Receivable	As of June 30, 2024, accounts receivable are related to the services fee from customers as follow: June 30, December 31, Accounts Receivable $ 1,130,665 $ 1,133,117

Prepayments (Tables)

Prepayments (Tables)	6 Months Ended
	Jun. 30, 2024
Prepayments [Abstract]
Schedule of Prepayments	As of June 30, 2024, prepayments consist of the following: June 30, December 31, Prepayment for digital assets $ 12,125,500 $ 12,125,500

Investment (Tables)

Investment (Tables)	6 Months Ended
	Jun. 30, 2024
Investment [Abstract]
Schedule of Investment	As of June 30, 2024, investment consists of the following: June 30, December 31, Investment in an associate company $ 13,396,600 $ -

Amount Due to Related Parties (

Amount Due to Related Parties (Tables)	6 Months Ended
	Jun. 30, 2024
Amount Due to Related Parties [Abstract]
Schedule of Amount Due to Related Parties	June 30, December 31, Related parties payable $ 282,535 $ 282,535 Amount due to shareholders 13,057 606,563 Director fee payable 886,000 804,000 $ 1,181,592 $ 1,693,098

Account Payables (Tables)

Account Payables (Tables)	6 Months Ended
	Jun. 30, 2024
Account Payables [Abstract]
Schedule of Account Payables	As of June 30, 2024 and December 31, 2023, account payables are related to the software services fee payables to suppliers as follows: June 30, 2024 December 31, 2023 Account payables $ 924,127 $ 926,456

Other Payables (Tables)

Other Payables (Tables)	6 Months Ended
	Jun. 30, 2024
Other Payables [Abstract]
Schedule of Other Payables	As of June 30, 2024, other payables consist of unpaid professional fee as follows: June 30, December 31, Professional fees $ 812,500 $ 1,600,000

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Shareholders’ Equity [Abstract]
Schedule of Converted Shares and Stockholder’ Equity	Subsequent to loan to equity conversion, the amount of $1,974,140 was converted to 411,280 shares and recorded in stockholder’ equity as follows: Nature of loan: Amount: Conversion price: Number of Financial impact of conversion: Advance from shareholders to pay outstanding legal fee, salaries, Edgar filing fee, audit fee, which accumulated from January 2023 to March 2024. $ 594,140 $ 4.80 123,780 shares Reclassification from amount due to related parties to equity Accounting and compliance fee, which accumulated from January 2023 to March 2024. $ 420,000 $ 4.80 87,500 shares Reclassification from other payables to equity Legal advisory fee in relation to BTC transaction which accumulated from January 2023 to March 2024. $ 480,000 $ 4.80 100,000 shares Reclassification from other payables to equity BTC Consultant fee, which accumulated from January 2023 to March 2024. $ 480,000 $ 4.80 100,000 shares Reclassification from other payables to equity Total $ 1,974,140 411,280 shares

Nature of Business (Details)

Nature of Business (Details) - Revision of Prior Period, Adjustment [Member]	Jun. 30, 2024 USD ($)
Nature of Business (Details) [Line Items]
Amount due to related parties	$ (594,140)
Deferred tax liabilities	10,530
Related Party [Member]
Nature of Business (Details) [Line Items]
Amount due to related parties	$ 594,140

Nature of Business (Details) -

Nature of Business (Details) - Schedule of Digital Asset Impairment Losses	6 Months Ended
	Jun. 30, 2024 USD ($)
Schedule of Digital Asset Impairment Losses [Line Items]
Gain from digital asset, number of Bitcoin held	833
Gain from digital asset, Digital asset purchase
Gain from digital asset ,Fair value change during the period
Digital asset original cost basis, Fair value change during the period
Gain from digital asset, number of Bitcoin held	833
Digital asset original cost basis [Member]
Schedule of Digital Asset Impairment Losses [Line Items]
Digital asset original cost basis, Balance	$ 24,990,000
Digital asset original cost basis, Digital asset purchase
Gain from digital asset ,Fair value change during the period
Digital asset original cost basis, Fair value change during the period
Digital asset original cost basis, Balance	24,990,000
Gain from digital asset [Member]
Schedule of Digital Asset Impairment Losses [Line Items]
Digital asset original cost basis, Balance	10,147,576
Digital asset original cost basis, Digital asset purchase
Gain from digital asset ,Fair value change during the period	15,595,778
Digital asset original cost basis, Fair value change during the period	15,595,778
Digital asset original cost basis, Balance	25,743,354
Market Value of digital asset [Member]
Schedule of Digital Asset Impairment Losses [Line Items]
Digital asset original cost basis, Balance	35,137,576
Digital asset original cost basis, Digital asset purchase
Gain from digital asset ,Fair value change during the period	15,595,778
Digital asset original cost basis, Fair value change during the period	15,595,778
Digital asset original cost basis, Balance	$ 50,733,354

Nature of Business (Details) _2

Nature of Business (Details) - Schedule of Consolidated Statement of Operation - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Condensed Income Statements, Captions [Line Items]
Tax expenses	[1]	$ (1,841,411)		$ 2,301,348
Net profit	[1]	$ (6,927,209)	$ (1,214,224)	12,619,286	$ (2,156,345)
Previously Reported [Member]
Condensed Income Statements, Captions [Line Items]
Tax expenses				2,290,818
Net profit				12,629,816
Revision of Prior Period, Adjustment [Member]
Condensed Income Statements, Captions [Line Items]
Tax expenses				10,530
Net profit				$ (10,530)
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses.

Nature of Business (Details) _3

Nature of Business (Details) - Schedule of Consolidated Balance Sheet - USD ($)		Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Condensed Balance Sheet Statements, Captions [Line Items]
Amount due to related parties		$ 1,181,592
Deferred tax liabilities	[1]	2,301,348
Total liabilities		5,350,501		4,350,496
Common stock	[2]	71,718,790		56,348,650
Accumulated profit	[1]	984,728		(11,634,558)
Total equity		72,703,405	$ 64,260,474	$ 44,714,084	$ 39,860,993	$ 41,075,217	$ 41,706,762
Previously Reported [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Amount due to related parties		1,775,732
Deferred tax liabilities		2,290,818
Total liabilities		5,934,111
Common stock		71,124,650
Accumulated profit		995,258
Total equity		72,119,795
Revision of Prior Period, Adjustment [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Amount due to related parties		(594,140)
Deferred tax liabilities		10,530
Total liabilities		(583,610)
Common stock		594,140
Accumulated profit		(10,530)
Total equity		$ 583,610
[1] There is an adjustment of $10,530 in both tax expenses and deferred tax liabilities due to under-provision of tax expenses. There is a reclassification amount of $594,140 from amount due to related parties to equity as these related parties loans have been converted to equity.

Nature of Business (Details) _4

Nature of Business (Details) - Schedule of Consolidated Statement of Cash Flows - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net profit	[1]	$ (6,927,209)	$ (1,214,224)	$ 12,619,286	$ (2,156,345)
Deferred tax liabilities	[2]			2,301,348
Cash flows from financing activities:
Shareholders’ loan	[3]			(593,506)	318,000
Proceeds from stock issuance	[3]			594,140
Previously Reported [Member]
Cash flows from operating activities:
Net profit				12,629,816
Deferred tax liabilities				2,290,818
Cash flows from financing activities:
Shareholders’ loan				634
Proceeds from stock issuance
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses. There is an adjustment of $10,530 in both tax expenses and deferred tax liabilities due to under-provision of tax expenses, which also result in net profit decrease by $10,530. There is a reclassification amount of $594,140 from shareholders’ loan to proceeds from stock issuances as these related parties loans have been converted to equity.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Digital assets (in Dollars)	$ 50,733,354	$ 35,137,576
Exchange rate	7.22	7.09
Tax benefit	50%
RMB [Member]
Summary Of Significant Accounting Policies [Line Items]
Exchange rate	7.18	7.08
Digital Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Bitcoins held by the Company	833

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Summarizes the Company’s Digital Asset	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Schedule of summarizes the Company’s Digital Asset [Abstract]
Approximate number of bitcoins held	833	833
Digital assets carrying value	$ 50,733,354	$ 35,137,576
Gain on digital assets during the period/ Year	$ 15,595,778	$ 10,147,576

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Gains and Losses from Foreign Currency Transactions	Jun. 30, 2024	Dec. 31, 2023
Schedule of Gains and Losses from Foreign Currency Transactions [Abstract]
Exchange rate	7.22	7.09

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Statement of Operations Summary Information - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2024		Jun. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Statement of Operations Summary Information:
Net Profit/ (Loss)	$ (6,927,209)	[1]	$ (136,480)	$ 12,619,286	[1]	$ (302,775)
Weighted-average common shares outstanding - basic	6,976,410		1,054,530	4,609,505		1,054,530
Weighted-average common shares outstanding - diluted	6,976,410		1,054,530	4,609,505		1,054,530
Earnings/ (loss) per share, basic	$ (0.99)		$ (0.13)	$ 2.74		$ (0.29)
Earnings/ (loss) per share, diluted	$ (0.99)		$ (0.13)	$ 2.74		$ (0.29)
[1] There is an adjustment of $10,530 in tax expenses and a decrease in net profit by $10,530 due to under-provision of tax expenses.

Revenue (Details)

Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue [Abstract]
Revenue

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash held in bank	$ 668,387	$ 668,387

Cash and Cash Equivalents (De_2

Cash and Cash Equivalents (Details) - Schedule of Cash Held in Bank - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Bank Deposits- Outside USA [Member]
Cash and Cash Equivalents [Line Items]
Total cash	$ 668,387	$ 668,387

Digital Assets (Details)

Digital Assets (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Digital Assets [Line Items]
Unrealized gain on digital assets	$ 15,595,778	$ 10,147,576
Crypto Asset, Other [Member]
Digital Assets [Line Items]
Total cost	$ 24,990,000

Digital Assets (Details) - Sche

Digital Assets (Details) - Schedule of Digital Assets Holdings - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Schedule of Digital Assets Holdings [Abstract]
Opening balance	$ 35,137,576
Purchase of BTC		$ 24,990,000
Gain from digital assets	15,595,778	10,147,576
Ending balance	$ 50,733,354	$ 35,137,576

Accounts Receivable (Details) -

Accounts Receivable (Details) - Schedule of Accounts Receivable - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Nonrelated Party [Member]
Schedule of Accounts Receivable [Line Items]
Accounts Receivable	$ 1,130,665	$ 1,133,117

Prepayments (Details)

Prepayments (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023 USD ($) BTC
Prepayments [Line Items]
Crypto units	833	833
Amendment Agreement [Member]
Prepayments [Line Items]
Crypto assets transaction description	the Company agreed to pay the aggregate price for the 5,000 BTC through the issuance of 40,000,000 shares of the Company’s common stock (the “Common Stock”) valued at $3.75 per share, which was the closing market price of the Common Stock as of May 1, 2024 (the “Then FMV”) and warrants to purchase 80,000,000 shares of the Common Stock with the exercise price of $2.6 per share (equal to 70% of the Then FMV). In connection with the 5,000 BTC Purchase, on May 8, 2024, the Company filed a Preliminary Information Statement on Schedule 14C (the “Preliminary 14C”). Subsequently, the Company decided to cease pursuing the 5,000 BTC Purchase due to the market fluctuations in BTC and further discussions with the BTC Sellers, which was previously disclosed on a Form 8-K filed by the Company on June 26, 2024.
BTC Trading Contract [Member]
Prepayments [Line Items]
Crypto assets transaction description	the Company has the right to purchase up to 6,000 BTC from the members of the Association Seller (each, a “BTC Seller”) through the Association Seller at a locked price of $30,000/BTC over a 12-month period commencing on September 25, 2023, with payment to be made in the form of cash or the Company’s shares. Although the BTC Contract states that the Association Seller (Party B) “owns the virtual currency”, to our knowledge, this statement was mistakenly made. As of the date of the BTC Contract, it were the individual members of the Association Seller, not the Association Seller itself, who own the BTC to be sold under the BTC Contract. We believe the Association Seller will coordinate with its members to fulfill the Company’s purchase of BTC, however, we cannot guarantee that the Company will be able to purchase BTC from the BTC Sellers. The BTC Contract was entered into solely between the Company and the Association Seller and no BTC Sellers owe any legal obligation to the Company in connection with the purchase and sale of BTC.Following the execution of the BTC Contract, the Company purchased 833 BTC from the BTC Sellers and decided to purchase an additional 1,000 BTC (the “1,000 BTC Purchase”).
Crypto units	1,000	1,000
BTC Trading Contract [Member] | Digital Assets [Member]
Prepayments [Line Items]
BTC locked price		$ 12,125,500
BTC Trading Contract [Member] | BTC [Member] | Minimum [Member]
Prepayments [Line Items]
Crypto Assets Prepayment Percentage		40%
BTC Seller [Member]
Prepayments [Line Items]
Crypto assets transaction description	As a result, it has decided to halt the 1,000 BTC Purchase and instead re-negotiate the terms with the Associate Seller to acquire 5,167 BTC, which represents the maximum number of BTC that the Company was entitled to purchase under the BTC Contract minus the BTC already acquired under the BTC Contract.	The prepayment was made to secure favorable pricing and demonstrate the Company’s commitment to completing the 1,000 BTC Purchase. This prepayment is refundable if the 1,000 BTC Purchase is not completed. While negotiating the terms of the 1,000 BTC Purchase with the BTC Sellers, the Company decided to exercise its right under the BTC Contract to purchase 5,000 BTC (the “5,000 BTC Purchase”), which includes the previously planned 1,000 BTC. To reflect the then price increase in BTC and finalize the transaction details of the 5,000 BTC Purchase, the Company and the Association Seller entered into that certain Amendment Agreement (the “Amendment Agreement”) on May 2, 2024, which was previously disclosed in a Form 8-K filed by the Company on May 6, 2024.
BTC Purchase [Member]
Prepayments [Line Items]
Crypto assets transaction description	Despite the cancellation of the 5,000 BTC Purchase, negotiations regarding the original 1,000 BTC Purchase continued. The Company’s original plan was to settle the remaining 60% of the total purchase price for 1,000 BTC through the issuance of the Common Stock at a per share price based on the average market price over a five-day period immediately prior to the date of the completion of the 1,000 BTC Purchase.

Prepayments (Details) - Schedul

Prepayments (Details) - Schedule of Prepayments - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Digital Assets [Member]
Schedule of Prepayments [Line Items]
Prepayment for digital assets	$ 12,125,500	$ 12,125,500

Investment (Details)

Investment (Details)	1 Months Ended
	Apr. 30, 2024 USD ($) shares
Investment [Line Items]
Shares issued for acquisition | shares	3,940,000
Shares issued, value for acquisition | $	$ 13,396,000
Associate company [Member]
Investment [Line Items]
Percentage of acquisition of associate company	20%

Investment (Details) - Schedule

Investment (Details) - Schedule of Investment - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Investment Abstract
Investment in an associate company	$ 13,396,600

Amount Due to Related Parties_2

Amount Due to Related Parties (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Amount Due to Related Parties [Line Items]
Advances from former shareholders	$ 282,535
Director fees	886,000
Related Party [Member]
Amount Due to Related Parties [Line Items]
Professional expenses	13,057
Director fees	$ 886,000	$ 804,000

Amount Due to Related Parties_3

Amount Due to Related Parties (Details) - Schedule of Amount Due to Related Parties - Related Party [Member] - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Related parties payable	$ 282,535	$ 282,535
Amount due to shareholders	13,057	606,563
Director fee payable	886,000	804,000
Total loan from share holders	$ 1,181,592	$ 1,693,098

Account Payables (Details) - Sc

Account Payables (Details) - Schedule of Account Payables - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Accounts Payable [Member]
Schedule of Account Payables [Line Items]
Account payables	$ 924,127	$ 926,456

Other Payables (Details)

Other Payables (Details) - USD ($)	Jun. 30, 2024	Apr. 09, 2024	Dec. 31, 2023
Other Payables [Abstract]
Professional fee payables	$ 812,500	$ 1,974,140	$ 1,600,000

Other Payables (Details) - Sche

Other Payables (Details) - Schedule of Other Payables - USD ($)	Jun. 30, 2024	Apr. 09, 2024	Dec. 31, 2023
Schedule of Other Payables [Abstract]
Professional fees	$ 812,500	$ 1,974,140	$ 1,600,000

Shareholders_ Equity (Details)

Shareholders’ Equity (Details)

1 Months Ended

6 Months Ended

Apr. 30, 2024 USD ($) shares

Apr. 09, 2024 USD ($) $ / shares shares

Sep. 30, 2023 USD ($) shares

Jun. 09, 2023 shares

Jul. 22, 2022 USD ($) shares

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

Apr. 13, 2022 USD ($)

Sep. 21, 2020 $ / shares shares

Jul. 10, 2020 $ / shares shares

Sep. 03, 2019 $ / shares shares

Mar. 29, 2019 shares

Feb. 29, 2020 $ / shares shares

Jun. 30, 2024 USD ($) $ / shares shares

Jun. 30, 2023 USD ($) shares

Mar. 31, 2024 shares

Dec. 31, 2023 USD ($) shares

Mar. 31, 2023 shares

Dec. 31, 2022 shares

Jun. 30, 2022 shares

Dec. 31, 2020 shares

Sep. 15, 2020 shares

Dec. 31, 2019 shares

Equity [Line Items]

Common stock shares, issued

[1]

6,976,410

1,054,530

Par value (in Dollars per share) | $ / shares

Shares issued

3,940,000

411,280

1,570,600

26,000

74,000

100,000,000

Shares price (in Dollars per share) | $ / shares

$ 3

$ 3

Outstanding shares

[1]

6,976,410

1,054,530

New shareholders

2

2

Total outstanding shares

101,766,666

Total amount (in Dollars) | $

$ 477,500

Reverse stock split

1 for 185

Consideration of share issued (in Dollars) | $

[2]

$ 594,140

Shares issued amount (in Dollars) | $

$ 13,396,000

Acquisition percentage

20%

Outstanding professional fee (in Dollars) | $

$ 1,974,140

812,500

$ 1,600,000

Average price of trading days

10 years

Current liabilities (in Dollars) | $

$ 1,974,140

Conversion amount (in Dollars) | $

$ 1,974,140

Converted shares

411,280

Minimum [Member]

Equity [Line Items]

Common stock shares, issued

1,054,530

101,766,666

Outstanding shares

1,054,530

101,766,666

Maximum [Member]

Equity [Line Items]

Common stock shares, issued

195,057,503

6,976,410

305,299,998

Outstanding shares

195,057,503

305,299,998

Ordinary Shares [Member]

Equity [Line Items]

Common stock shares, issued

25,000

2,625,130

305,451,498

Outstanding shares

6,976,410

1,054,530

2,625,130

2,625,130

1,054,530

1,054,530

Conversion price (in Dollars per share) | $ / shares

$ 4.8

Ordinary Shares [Member] | Maximum [Member]

Equity [Line Items]

Common stock shares, issued

195,057,503

Outstanding shares

195,057,503

Share Exchange Agreement [Member]

Equity [Line Items]

Outstanding shares

100,074,000

Cancelled shares (in Dollars) | $

$ 120,418,995

Share Exchange Agreement [Member] | Minimum [Member]

Equity [Line Items]

Outstanding shares

185,032,503

Share Exchange Agreement [Member] | Maximum [Member]

Equity [Line Items]

Outstanding shares

305,451,498

Share Exchange Agreement [Member] | Ordinary Shares [Member]

Equity [Line Items]

Common stock shares, issued

195,032,503

Outstanding shares

195,032,503

Certificate of Amendement [Member]

Equity [Line Items]

Stock spilit

3 for 1 forward stock split

Shareholders [Member]

Equity [Line Items]

Shares issued

151,500

1,666,666

Shares price (in Dollars per share) | $ / shares

$ 5

$ 3

New shareholders

303

Ordinary Shares [Member]

Equity [Line Items]

Consideration of share issued (in Dollars) | $

$ 12,616,454

IPO [Member]

Equity [Line Items]

Shares issued

10,000,000

Shares price (in Dollars per share) | $ / shares

$ 4

Gross proceeds (in Dollars) | $

$ 40,000,000

Net proceed from initial public offering (in Dollars) | $

37,057,176

Offering costs (in Dollars) | $

$ 2,942,824

[1] There is a reclassification amount of $594,140 from amount due to related parties to equity as these related parties loans have been converted to equity. There is a reclassification amount of $594,140 from shareholders’ loan to proceeds from stock issuances as these related parties loans have been converted to equity.

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - Schedule of Converted Shares and Stockholder’ Equity	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Schedule of Converted Shares and Stockholder’ Equity [Line Items]
Amount | $	$ 1,974,140
Number of share converted | shares	411,280
Advance from shareholders to pay outstanding legal fee, salaries, edgar filing fee, audit fee, which accumulated from January 2023 to March 2024 [Member]
Schedule of Converted Shares and Stockholder’ Equity [Line Items]
Amount | $	$ 594,140
Conversion price | $ / shares	$ 4.8
Number of share converted | shares	123,780
Financial impact of conversion	Reclassification from amount due to related parties to equity
Accounting and compliance fee, which accumulated from January 2023 to March 2024 [Member]
Schedule of Converted Shares and Stockholder’ Equity [Line Items]
Amount | $	$ 420,000
Conversion price | $ / shares	$ 4.8
Number of share converted | shares	87,500
Financial impact of conversion	Reclassification from other payables to equity
Legal advisory fee in relation to BTC transaction which accumulated from January 2023 to March 2024 [Member]
Schedule of Converted Shares and Stockholder’ Equity [Line Items]
Amount | $	$ 480,000
Conversion price | $ / shares	$ 4.8
Number of share converted | shares	100,000
Financial impact of conversion	Reclassification from other payables to equity
BTC Consultant fee, which accumulated from January 2023 to March 2024 [Member]
Schedule of Converted Shares and Stockholder’ Equity [Line Items]
Amount | $	$ 480,000
Conversion price | $ / shares	$ 4.8
Number of share converted | shares	100,000
Financial impact of conversion	Reclassification from other payables to equity

Income Taxes (Details)

Income Taxes (Details)	6 Months Ended
	Jun. 30, 2024
Hong Kong [Member]
Income Taxes [Line Items]
Tax rate	16.50%
Minimum [Member] | PRC [Member]
Income Taxes [Line Items]
Tax rate	15%
Maximum [Member] | PRC [Member]
Income Taxes [Line Items]
Tax rate	25%

Subsequent Events (Details)

Subsequent Events (Details) - Forecast [Member] - USD ($)	Oct. 03, 2024	Sep. 24, 2024
Subsequent Events [Line Items]
Purchase price (in Dollars)		$ 30,000
Breach of contract (in Dollars)		$ 18,000,000
Outstanding common stock percentage		20%
Common stock trading days		5 days
Warrant [Member]
Subsequent Events [Line Items]
Purchase of warrants		294,117,647
Warrant price (in Dollars per share)		$ 0.01
Issuance of warrants (in Dollars)		$ 300,000,000
1.60 Percentage [Member]
Subsequent Events [Line Items]
Sale of stock units		5,167
Exercised shares		5,000
Common stock shares issued		436,265,135
Common stock shares outstanding		436,265,135
Stockholder ownerships percentage		1.60%
4.91 Percentage [Member]
Subsequent Events [Line Items]
Common stock shares issued		142,147,488
Common stock shares outstanding		142,147,488
Stockholder ownerships percentage		4.91%
Amended BTC Contract [Member]
Subsequent Events [Line Items]
Sale of stock units		5,000
Shares price (in Dollars per share)		$ 1.02
BTC Transaction [Member]
Subsequent Events [Line Items]
Sale of stock units	5,000	5,000
BTC Transaction [Member] | Warrant [Member]
Subsequent Events [Line Items]
Sale of stock units		5,000
Subsequent Event [Member] | BTC Transaction [Member] | 1.60 Percentage [Member]
Subsequent Events [Line Items]
Exercised shares		5,000
Common Stock [Member]
Subsequent Events [Line Items]
Issuance of common stock		135,171,078
Shares price (in Dollars per share)		$ 1.02
Outstanding common stock percentage		20%
Common Stock [Member] | Warrant [Member]
Subsequent Events [Line Items]
Common stock shares issued		6,976,410
Common stock shares outstanding		6,976,410