HeartCore Enterprises (HTCR) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - $ / shares	6 Months Ended
	Jun. 30, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-41272
Entity Registrant Name	HeartCore Enterprises, Inc.
Entity Central Index Key	0001892322
Entity Tax Identification Number	87-0913420
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1-2-33
Entity Address, Address Line Two	Higashigotanda
Entity Address, Address Line Three	Shinagawa-ku
Entity Address, City or Town	Tokyo
Entity Address, Country	JP
City Area Code	(206)
Local Phone Number	385-0488
Title of 12(b) Security	Common Stock
Trading Symbol	HTCR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,864,144
Entity Listing, Par Value Per Share	$ 0.0001

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 3,806,349	$ 1,012,479
Accounts receivable	2,440,872	2,623,682
Investments in marketable securities	435,498	642,348
Investment in equity securities		300,000
Prepaid expenses	3,877,454	536,865
Current portion of long-term note receivable	100,000	100,000
Other current assets	199,221	234,761
Total current assets	10,899,889	5,494,893
Non-current assets:
Accounts receivable, non-current	640,197
Property and equipment, net	640,787	763,730
Operating lease right-of-use assets	2,106,466	2,467,889
Intangible asset, net	4,196,875	4,515,625
Goodwill	3,276,441	3,276,441
Long-term investment in SAFE	350,000
Long-term investment in equity securities	300,000
Long-term investment in warrants	543,120	2,004,308
Deferred tax assets	395,743	369,436
Security deposits	310,833	348,428
Other non-current assets	70,309	71
Total non-current assets	13,176,045	14,128,874
Total assets	24,075,934	19,623,767
Current liabilities:
Accrued payroll and other employee costs	628,136	723,305
Short-term debt		135,937
Current portion of long-term debts	508,729	371,783
Insurance premium financing	112,488
Factoring liability	320,759	562,767
Operating lease liabilities, current	358,377	396,535
Finance lease liabilities, current	15,992	17,445
Income tax payables	1,142	162,689
Deferred revenue	2,207,420	2,166,175
Total current liabilities	15,193,319	6,511,555
Long-term debts	1,403,569	1,770,352
Operating lease liabilities, non-current	1,804,967	2,135,160
Finance lease liabilities, non-current	52,055	66,779
Deferred tax liabilities	1,175,125	1,264,375
Other non-current liabilities	685,364	208,732
Total non-current liabilities	5,121,080	5,445,398
Total liabilities	20,314,399	11,956,953
Shareholders’ equity:
Preferred shares ($0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023)
Common shares ($0.0001 par value, 200,000,000 shares authorized; 20,864,144 and 20,842,690 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)	2,085	2,083
Additional paid-in capital	19,325,270	19,594,801
Accumulated deficit	(18,047,919)	(14,763,469)
Accumulated other comprehensive income	325,857	331,881
Total HeartCore Enterprises, Inc. shareholders’ equity	1,605,293	5,165,296
Non-controlling interests	2,156,242	2,501,518
Total shareholders’ equity	3,761,535	7,666,814
Total liabilities and shareholders’ equity	24,075,934	19,623,767
Related Party [Member]
Current assets:
Due from related party	40,495	44,758
Non-current assets:
Long-term loan receivable	145,274	182,946
Current liabilities:
Accounts payable and accrued expenses – related party	21,579
Other current liabilities	140	1,476
Nonrelated Party [Member]
Non-current assets:
Long-term loan receivable	200,000	200,000
Current liabilities:
Accounts payable and accrued expenses – related party	1,757,545	1,757,038
Other current liabilities	$ 9,261,012	$ 216,405

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	20,864,144	20,842,690
Common stock, shares outstanding	20,864,144	20,842,690

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 4,066,388	$ 5,095,373	$ 9,113,120	$ 13,829,523
Cost of revenues	3,260,507	3,586,938	6,275,050	6,688,004
Gross profit	805,881	1,508,435	2,838,070	7,141,519
Operating expenses:
Selling expenses	179,408	488,062	399,115	1,056,704
General and administrative expenses	2,022,409	2,447,887	4,428,712	5,133,094
Research and development expenses	111,268	39,608	200,402	119,232
Total operating expenses	2,313,085	2,975,557	5,028,229	6,309,030
Income (loss) from operations	(1,507,204)	(1,467,122)	(2,190,159)	832,489
Other income (expenses):
Changes in fair value of investments in marketable securities	(196,249)	(229,022)	(430,331)	(229,022)
Changes in fair value of investment in warrants	(558,820)	(27,258)	(1,237,707)	166,107
Interest income	2,030	18,665	4,624	50,270
Interest expenses	(37,040)	(42,614)	(73,701)	(82,454)
Other income	37,858	109,800	134,874	124,001
Other expenses	(23,856)	(7,297)	(49,050)	(36,754)
Total other expenses	(776,077)	(177,726)	(1,651,291)	(7,852)
Income (loss) before income tax provision	(2,283,281)	(1,644,848)	(3,841,450)	824,637
Income tax expense (benefit)	(72,163)	(622,002)	(152,330)	39,446
Net income (loss)	(2,211,118)	(1,022,846)	(3,689,120)	785,191
Less: net loss attributable to non-controlling interests	(260,018)	(111,046)	(404,670)	(185,298)
Net income (loss) attributable to HeartCore Enterprises, Inc.	(1,951,100)	(911,800)	(3,284,450)	970,489
Other comprehensive income (loss):
Foreign currency translation adjustment	(24,120)	30,533	(13,825)	5,499
Total comprehensive income (loss)	(2,235,238)	(992,313)	(3,702,945)	790,690
Less: comprehensive loss attributable to non-controlling interests	(262,908)	(110,716)	(412,471)	(187,258)
Comprehensive income (loss) attributable to HeartCore Enterprises, Inc.	$ (1,972,330)	$ (881,597)	$ (3,290,474)	$ 977,948
Net income (loss) per common share attributable to HeartCore Enterprises, Inc.
Basic	$ (0.09)	$ (0.04)	$ (0.16)	$ 0.05
Diluted	$ (0.09)	$ (0.04)	$ (0.16)	$ 0.05
Weighted average common shares outstanding
Basic	20,864,144	20,842,690	20,859,429	19,959,333
Diluted	20,864,144	20,842,690	20,859,429	19,959,333

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2022	$ 1,764	$ 15,014,607	$ (10,573,579)	$ 364,837	$ 4,807,629		$ 4,807,629
Balance, shares at Dec. 31, 2022	17,649,886
Net income (loss)			1,882,289		1,882,289	(74,252)	1,808,037
Foreign currency translation adjustment				(22,744)	(22,744)	(2,290)	(25,034)
Stock-based compensation	$ 69	915,159			915,228		915,228
Stock-based compensation, shares	692,804
Issuance of common shares for acquisition of subsidiary	$ 250	3,149,750			3,150,000		3,150,000
Issuance of common shares for acquisition of subsidiary, shares	2,500,000
Non-controlling interest arising from acquisition of subsidiary						3,190,000	3,190,000
Balance at Mar. 31, 2023	$ 2,083	19,079,516	(8,691,290)	342,093	10,732,402	3,113,458	13,845,860
Balance, shares at Mar. 31, 2023	20,842,690
Balance at Dec. 31, 2022	$ 1,764	15,014,607	(10,573,579)	364,837	4,807,629		4,807,629
Balance, shares at Dec. 31, 2022	17,649,886
Net income (loss)							785,191
Balance at Jun. 30, 2023	$ 2,083	19,258,681	(9,603,090)	372,296	10,029,970	3,002,742	13,032,712
Balance, shares at Jun. 30, 2023	20,842,690
Balance at Mar. 31, 2023	$ 2,083	19,079,516	(8,691,290)	342,093	10,732,402	3,113,458	13,845,860
Balance, shares at Mar. 31, 2023	20,842,690
Net income (loss)			(911,800)		(911,800)	(111,046)	(1,022,846)
Foreign currency translation adjustment				30,203	30,203	330	30,533
Stock-based compensation		179,165			179,165		179,165
Balance at Jun. 30, 2023	$ 2,083	19,258,681	(9,603,090)	372,296	10,029,970	3,002,742	13,032,712
Balance, shares at Jun. 30, 2023	20,842,690
Balance at Dec. 31, 2023	$ 2,083	19,594,801	(14,763,469)	331,881	5,165,296	2,501,518	7,666,814
Balance, shares at Dec. 31, 2023	20,842,690
Net income (loss)			(1,333,350)		(1,333,350)	(144,652)	(1,478,002)
Foreign currency translation adjustment				15,206	15,206	(4,911)	10,295
Capital contribution from non-controlling shareholder						67,195	67,195
Stock-based compensation	$ 2	91,710			91,712		91,712
Stock-based compensation, shares	21,454
Balance at Mar. 31, 2024	$ 2,085	19,686,511	(16,096,819)	347,087	3,938,864	2,419,150	6,358,014
Balance, shares at Mar. 31, 2024	20,864,144
Balance at Dec. 31, 2023	$ 2,083	19,594,801	(14,763,469)	331,881	5,165,296	2,501,518	7,666,814
Balance, shares at Dec. 31, 2023	20,842,690
Net income (loss)							(3,689,120)
Balance at Jun. 30, 2024	$ 2,085	19,325,270	(18,047,919)	325,857	1,605,293	2,156,242	3,761,535
Balance, shares at Jun. 30, 2024	20,864,144
Balance at Mar. 31, 2024	$ 2,085	19,686,511	(16,096,819)	347,087	3,938,864	2,419,150	6,358,014
Balance, shares at Mar. 31, 2024	20,864,144
Net income (loss)			(1,951,100)		(1,951,100)	(260,018)	(2,211,118)
Foreign currency translation adjustment				(21,230)	(21,230)	(2,890)	(24,120)
Stock-based compensation		56,042			56,042		56,042
Distribution of dividends		(417,283)			(417,283)		(417,283)
Balance at Jun. 30, 2024	$ 2,085	$ 19,325,270	$ (18,047,919)	$ 325,857	$ 1,605,293	$ 2,156,242	$ 3,761,535
Balance, shares at Jun. 30, 2024	20,864,144

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ (3,689,120)	$ 785,191
Adjustments to reconcile net income (loss) to net cash flows used in operating activities:
Depreciation and amortization expenses	374,946	306,097
Amortization of debt issuance costs	2,296	1,316
Non-cash lease expense	182,546	155,301
Gain on termination of lease	(469)
Deferred income taxes	(153,531)	(75,240)
Stock-based compensation	147,754	1,094,393
Warrants received as noncash consideration		(4,009,335)
Changes in fair value of investments in marketable securities	430,331	229,022
Changes in fair value of investment in warrants	1,237,707	(166,107)
Loss on disposal of property and equipment	1,894
Changes in assets and liabilities:
Accounts receivable	(548,402)	(596,312)
Prepaid expenses	158,110	1,245
Other assets	(7,526)	23,277
Accrued payroll and other employee costs	(278,361)	124
Due to related party	(1,246)	4,214
Operating lease liabilities	(183,047)	(147,035)
Income tax payables	(152,697)	106,625
Deferred revenue	165,073	810,639
Other liabilities	558,667	116,382
Net cash flows used in operating activities	(1,460,744)	(1,368,562)
Cash flows from investing activities:
Purchases of property and equipment	(4,134)	(180,451)
Prepayment for property and equipment	(35,209)
Advance on note receivable		(300,000)
Purchase of long-term investment in SAFE	(350,000)
Net proceeds from sale of warrants	5,640,000
Repayment of loan provided to related party	21,166	23,715
Payment for acquisition of subsidiary, net of cash acquired		(724,910)
Net cash flows provided by (used in) investing activities	5,271,823	(1,181,646)
Cash flows from financing activities:
Payments for finance leases	(8,526)	(11,243)
Proceeds from short-term debt	68,138
Repayment of short-term and long-term debts	(281,451)	(411,923)
Repayment of insurance premium financing	(60,201)	(149,250)
Net proceeds from factoring arrangement		328,967
Net repayment of factoring arrangement	(242,008)
Payments for debt issuance costs		(448)
Distribution of dividends	(417,283)
Capital contribution from non-controlling shareholder	67,195
Net cash flows used in financing activities	(874,136)	(243,897)
Effect of exchange rate changes	(143,073)	(144,480)
Net change in cash and cash equivalents	2,793,870	(2,938,585)
Cash and cash equivalents - beginning of the period	1,012,479	7,177,326
Cash and cash equivalents - end of the period	3,806,349	4,238,741
Supplemental cash flow disclosures:
Interest paid	74,063	40,083
Income taxes paid	117,524
Non-cash investing and financing transactions:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	125,735
Insurance premium financing	172,689	389,035
Liabilities assumed in connection with purchase of property and equipment		2,199
Common shares issued for acquisition of subsidiary		3,150,000
Warrants converted to marketable securities	223,481	1,257,868
Nonrelated Party [Member]
Changes in assets and liabilities:
Accounts payable and accrued expenses – related party	272,375	(8,359)
Related Party [Member]
Changes in assets and liabilities:
Accounts payable and accrued expenses – related party	$ 21,956

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 [Table]
Net Income (Loss)	$ (1,951,100)	$ (911,800)	$ (3,284,450)	$ 970,489

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
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

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS HeartCore Enterprises, Inc. (“HeartCore USA” or the “Company”), a holding company, was incorporated under the laws of the State of Delaware on May 18, 2021. On July 16, 2021, the Company executed a Share Exchange Agreement with certain shareholders of HeartCore Co., Ltd. (“HeartCore Japan”), a company that was incorporated in Japan on June 12, 2009. Pursuant to the terms of the Share Exchange Agreement, the Company issued 15,999,994 10,706 10,984 97.5 278 The share exchange on July 16, 2021 has been accounted for as a recapitalization between entities under common control since the same controlling shareholders controlled these two entities before and after the transaction. The consolidation of the Company and its subsidiary has been accounted for at historical cost and prepared on the basis as if the transaction had become effective as of the beginning of the earliest period presented in the accompanying unaudited consolidated financial statements. The Company, via its wholly-owned operating subsidiary, HeartCore Japan, is mainly engaged in the business of developing and sales of comprehensive software. Beginning from early 2022, HeartCore USA is engaged in the business of providing consulting services to Japanese companies with intention to go public in the United States capital market. On September 6, 2022, HeartCore USA entered into a share exchange and purchase agreement (“Sigmaways Agreement”) to acquire 51 In January 2023, HeartCore USA incorporated a wholly-owned subsidiary, HeartCore Financial, Inc. (“HeartCore Financial”), under the laws of the State of Delaware. HeartCore Financial is engaged in the business of providing financial consulting services. In February 2023, HeartCore USA incorporated a wholly-owned subsidiary, HeartCore Capital Advisors, Inc. (“HeartCore Capital Advisors”), in Japan. HeartCore Capital Advisors is engaged in the business of providing financial consulting services to Japanese companies. In November 2023, HeartCore Japan established a 51 On November 17, 2023, HeartCore Japan and HeartCore Capital Advisors entered into a merger agreement to merge the two entities into one with HeartCore Japan being the surviving entity. On January 1, 2024, the merger was completed and HeartCore Capital Advisors transferred all of its assets and liabilities to HeartCore Japan. The merger has been accounted for as a recapitalization between entities under common control since the same controlling shareholders controlled the two entities before and after the transaction. In April 2024, HeartCore Financial incorporated a branch office, HeartCore Financial, Inc. – Japan Branch Office (“HeartCore Financial – Japan”), in Japan. HeartCore Financial – Japan is engaged in the business of providing financial consulting services. HeartCore USA, HeartCore Japan, Sigmaways, Sigmaways B.V., Sigmaways Technologies, HeartCore Financial, HeartCore Capital Advisors, HeartCore Luvina and HeartCore Financial – Japan are hereafter referred to as the Company.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated. These unaudited interim consolidated financial statements do not include all of the information and disclosure required by the U.S. GAAP for complete financial statements. Interim results are not necessarily indicative of results for a full year. In the opinion of management, all adjustments consisting of normal recurring nature considered necessary for a fair presentation of the financial position and the results of operations and cash flows for the interim periods have been included. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2023. Correction of Error in Previously Issued Financial Statements During the review of the Company’s consolidated financial statements for the six months ended June 30, 2024, the Company identified an error in the consolidated statement of cash flows in the consolidated financial statements for the three months ended March 31, 2024 due to a misclassification between operating and investing activities for the net proceeds received from sale of warrants, and corrected such error through a cumulative out-of-period adjustment in the consolidated statement of cash flows for the six months ended June 30, 3024. The change in prepaid expenses and change in other liabilities in the operating cash flows for the three months ended March 31, 2024 should have been $ 102,028 60,658 (3,257,972) 5,060,658 1,640,000 1,640,000 1,640,000 In accordance with the SEC’s Staff Accounting Bulletin Nos. 99 and 108 (SAB 99 and SAB 108), the Company evaluated this error and, based on analysis of quantitative and qualitative factors, determined that the error is not material to the previously issued financial statements and the cumulative out-of-period adjustment for the correction of this error is not material to the financial statements for the six months ended June 30, 2024. Therefore, as permitted by SAB108, the Company corrected such error in the current filing through a cumulative out-of-period adjustment in the consolidated statement of cash flows for the six months ended June 30, 3024. Use of Estimates In preparing the unaudited consolidated financial statements in conformity U.S. GAAP, the management is required to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information available as of the date of the unaudited consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the allowance for credit losses, useful lives of property and equipment and intangible asset, the impairment of long-lived assets and goodwill, valuation of stock-based compensation, valuation allowance of deferred tax assets, implicit interest rate of operating and finance leases, valuation of asset retirement obligations, valuation of investment in warrants, revenue recognition and purchase price allocation with respect to business combination. Actual results could differ from those estimates. Asset Retirement Obligations Pursuant to the lease agreements for the office space, the Company is responsible to restore these spaces back to its original statute at the time of leaving. The Company recognizes an obligation related to these restorations as asset retirement obligation included in other non-current liabilities in the consolidated balance sheets, in accordance with the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Codification (“ASC”) Topic 410, “Asset Retirement Obligation Accounting”. The Company capitalizes the associated asset retirement cost by increasing the carrying amount of the related property and equipment. The following table presents changes in asset retirement obligations: SCHEDULE OF CHANGES IN ASSET RETIREMENT OBLIGATIONS June 30, December 31, 2024 2023 Beginning balance $ 208,732 $ 138,018 Liabilities incurred - 83,821 Accretion expense 176 428 Liabilities settled (3,779 ) - Foreign currency translation adjustment (19,765 ) (13,535 ) Ending balance $ 185,364 $ 208,732 Software Development Costs Software development costs are expensed as incurred until the point the Company establishes technological feasibility. Technological feasibility is established upon completion of a detailed program design or the completion of a working model. Costs incurred by the Company between establishment of technological feasibility and the point at which the product is ready for general release are capitalized and amortized over the economic life of the related products. The Company’s software development costs incurred subsequent to achieving technological feasibility have not been significant and all software development costs have been expensed as incurred. In the six months ended June 30, 2024 and 2023, software development costs expensed as incurred amounted to $ 200,402 119,232 Investment in Warrants Investment in warrants represents stock warrants of its consulting service customers. The warrants are measured at fair value and any changes in fair value are recognized in other income (expenses). Investment in warrants is classified as long-term if the warrants are exercisable over one year after the date of receipt. Investments in Marketable Securities Investments in marketable securities represent equity securities registered for public sale with readily determinable fair value. The marketable securities were obtained through exercise of stock warrants of its consulting service customers and measured at fair value with changes in fair value recognized in other income (expenses). Investment in Equity Securities Investment in equity securities represents investment in a privately held entity that does not have a readily determinable fair value or report net asset value. Investment in equity securities is accounted for using a measurement alternative, under which this investment is measured at cost, adjusted for observable price changes and impairments, with changes recognized in other income (expenses). Investment in equity securities is classified as long-term if the Company anticipates to dispose of the investment over one year after the date of receipt based on information available as of the date the unaudited consolidated financial statements are issued. The Company did not recognize any impairment loss on investment in equity securities for the six months ended June 30, 2024. Investment in SAFE Investment in SAFE represents investment in a privately held entity that does not have a readily determinable fair value or report net asset value through a simple agreement for future equity (“SAFE”). Investment in SAFE is accounted for using a measurement alternative, under which this investment is measured at cost, adjusted for observable price changes and impairments, with changes recognized in other income (expenses). Investment in SAFE is classified as long-term if the Company anticipates the equity financing or dissolution or liquidity event prescribed in the SAFE to take place over one year after the date of receipt based on information available as of the date the unaudited consolidated financial statements are issued. The Company did not recognize any impairment loss on investment in SAFE for the six months ended June 30, 2024. Intangible Asset, Net Intangible asset represents the customer relationship acquired from business acquisition of Sigmaways and its subsidiaries. The acquired intangible asset is recognized and measured at fair value at the time of acquisition and is amortized on a straight-line basis over the estimated economic useful life of the respective asset. The estimated useful life of the customer relationship is 8 years Impairment of Long-Lived Assets Other Than Goodwill Long-lived assets with finite lives, primarily property and equipment, operating lease right-of-use assets and intangible asset, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the estimated cash flows from the use of the asset and its eventual disposition are below the asset’s carrying value, then the asset is deemed to be impaired and written down to its fair value. There were no impairments of these assets during the six months ended June 30, 2024 and 2023. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with ASC Topic 350, “Intangibles – Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis. Foreign Currency Translation The functional currency of HeartCore Japan, HeartCore Capital Advisors and HeartCore Financial – Japan is the Japanese Yen (“JPY”). The functional currency of HeartCore USA, HeartCore Financial and Sigmaways is the United States Dollar (“US$”). The functional currency of Sigmaways B.V. is the Euro (“EUR”). The functional currency of Sigmaways Technologies is the Canada Dollar (“CAD”). The functional currency of HeartCore Luvina is the Vietnam Dong (“VND”). Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the unaudited consolidated statements of operations and comprehensive income (loss). The reporting currency of the Company is the US$, and the accompanying unaudited consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statements”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation of financial statements are recorded as a separate component of accumulated other comprehensive income within the unaudited consolidated statements of changes in shareholders’ equity. Revenue Recognition The Company recognizes revenues under ASC Topic 606, “Revenue from Contracts with Customers”. To determine revenue recognition for contracts with customers, the Company performs the following five steps: (i) identify the contract(s) with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. Revenues amount represents the invoiced value, net of a value-added tax (“Consumption Tax”) and applicable local government levies. The Consumption Tax on sales are calculated at 10% of gross sales in Japan and Vietnam, 5% of gross sales in Canada, 21% of gross sales in Netherlands and nil of gross sales in the United States. The Company currently generates its revenue from the following main sources: Revenues from On-Premise Software Licenses for on-premise software provide the customers with a right to use the software as it exists when made available to the customers. The Company provides on-premise software in the form of both perpetual licenses and term-based licenses which grant the customers with the right for a specified term. Revenues from on-premise licenses are recognized upfront at the point in time when the software is made available to the customers. Licenses for on-premise software are typically sold to the customers with maintenance and support services in a bundle. Revenues under the bundled arrangements are allocated based on the relative standalone selling prices (“SSP”) of on-premise software and maintenance and support service. The SSP for maintenance and support services is estimated based upon observable transactions when those services are sold on a standalone basis. The SSP of on-premise software is typically estimated using the residual approach as the Company is unable to establish the SSP for on-premise licenses based on observable prices given the same products are sold for a broad range of amounts (that is, the selling price is highly variable) and a representative SSP is not discernible from past transactions or other observable evidence. Revenues from Maintenance and Support Services Maintenance and support services provided with software licenses consist of trouble shooting, technical support and the right to receive unspecified software updates when and if available during the subscription. Revenues from maintenance and support services are recognized over time as such services are performed. Revenues for consumption-based services are generally recognized as the services are performed and accepted by the customers. Revenues from Software as a Service (“SaaS”) The Company’s software is available for use as hosted application arrangements under subscription fee agreements without licensing the rights of the software to the customers. Subscription fees from these applications are recognized over time on a ratable basis over the customer agreement term beginning on the date the Company’s solution is made available to the customers. The subscription contracts are generally one year or less in length. Revenues from Software Development and Other Miscellaneous Services The Company provides customers with software development and support services pursuant to their specific requirements, which primarily compose of consulting, integration, training, custom application, and workflow development. The Company also provides other miscellaneous services, such as 3D Space photography. The Company generally recognizes revenues at a point in time when control is transferred to the customers and the Company is entitled to the payment, which is when the promised services are delivered and accepted by the customers. Revenues from Customized Software Development and Services The Company’s customized software development and services revenues primarily include revenues from providing software development solutions and other support services to its customers. The contract pricing is at stated billing rates per hour. These contracts are generally short-term in nature and not longer than one year in duration. For services provided under the contracts that result in the transfer of control over time, the underlying deliverable in the contracts is owned and controlled by the customers and does not create an asset with an alternative use to the Company. The Company recognizes revenues on rate per hour contracts based on the amount billable to the customers, as the Company has the right to invoice the customers in an amount that directly corresponds with the value to the customers of the Company’s performance to date. Revenues from Consulting Services The Company provides public listing related consulting services to customers pursuant to the specific requirements prescribed in the contracts, which primarily include communicating with intermediary parties, preparing required documents related to the initial public offering and supporting the listing process. The consulting service contracts normally include both cash and noncash considerations. Cash consideration is paid in installment payments and is recognized in revenues over the period of the contract by reference to progress toward complete satisfaction of that performance obligation. Noncash consideration is in the form of warrants of the customers and is measured at fair value at contract inception. Noncash consideration that is variable for reasons other than only the form of the consideration is included in the transaction price, but is subject to the constraint on variable consideration. The Company assesses the estimated amount of the variable noncash consideration at contract inception and subsequently, to determine when and to what extent it is probable that a significant reversal in the amount of cumulative revenues recognized will not occur once the uncertainty associated with the variable consideration is subsequently resolved. Only when the significant revenues reversal is concluded probable of not occurring can variable consideration be included in revenues. Based on evaluation of likelihood and magnitude of a reversal in applying the constraint, the variable noncash consideration is recognized in revenues until the underlying uncertainties have been resolved. The Company records reduction to revenues for estimated customer returns and allowances. The Company bases its estimates on historical rates of customer returns and allowances as well as the specific identification of outstanding returns. The actual amount of customer returns and allowances, which is inherently uncertain, may differ from the Company’s estimates. If the Company determines that actual or expected returns or allowances are significantly higher or lower than the reserves it established, it would record a reduction or increase, as appropriate, to revenues in the period in which it makes such a determination. Reserves for customer refunds are included within other current liabilities or other non-current liabilities on the consolidated balance sheets. At a minimum, the Company reviews and refines these estimates on a quarterly basis. The timing of revenue recognition may differ from the timing of invoicing to the customers. The Company has determined that its contracts do not include a significant financing component. The Company records a contract asset, which is included in accounts receivable, current or non-current, in the consolidated balance sheets, when revenues are recognized prior to invoicing. The Company factors certain accounts receivable upon or after the performance obligation is being met. The Company records deferred revenue in the consolidated balance sheets when revenues are recognized subsequent to cash collection for an invoice. Deferred revenue is reported net of related uncollected deferred revenue in the consolidated balance sheets. The amount of revenues recognized during the six months ended June 30, 2024 and 2023 that were included in the opening deferred revenue balance was approximately $ 1.5 1.3 Disaggregation of Revenues The Company disaggregates its revenues from contracts by product/service types, as the Company believes it best depicts how the nature, amount, timing and uncertainty of the revenues and cash flows are affected by economic factors. The Company’s disaggregation of revenues by revenue stream for the three and six months ended June 30, 2024 and 2023 is as following: SCHEDULE OF DISAGGREGATION OF REVENUES For the Three Months For the Six Months 2024 2023 2024 2023 Revenues from on-premise software $ 575,424 $ 704,268 $ 1,654,160 $ 1,061,189 Revenues from maintenance and support services 549,284 874,725 1,177,048 1,576,199 Revenues from software as a service (“SaaS”) 152,248 177,529 291,948 348,573 Revenues from software development and other miscellaneous services 516,561 406,455 964,019 1,086,796 Revenues from customized software development and services 2,122,059 2,294,953 4,299,652 3,926,572 Revenues from consulting services 150,812 637,443 726,293 5,830,194 Total revenues $ 4,066,388 $ 5,095,373 $ 9,113,120 $ 13,829,523 The Company’s disaggregation of revenues by product/service is as following: For the Three Months For the Six Months 2024 2023 2024 2023 Revenues from customer experience management platform $ 1,420,584 $ 1,725,872 $ 3,480,173 $ 3,292,309 Revenues from process mining 101,307 188,555 174,462 290,756 Revenues from robotic process automation 102,373 127,283 158,564 213,469 Revenues from task mining 107,362 95,679 153,220 202,767 Revenues from customized software development and services 2,122,059 2,294,953 4,299,652 3,926,572 Revenues from consulting services 150,812 637,443 726,293 5,830,194 Revenues from others 61,891 25,588 120,756 73,456 Total revenues $ 4,066,388 $ 5,095,373 $ 9,113,120 $ 13,829,523 As of June 30, 2024 and 2023, and for the periods then ended, the majority of the long-lived assets (excluding intangible asset) and revenues generated were attributed to the Company’s operation in Japan. Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of accounts receivable, note receivable and other receivable. The Company usually does not require collateral or other security to support these receivables. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. For the six months ended June 30, 2024, customer A represents 13.7 18.2 12.8 11.8 For the six months ended June 30, 2024, no vendor accounts for more than 10% of the Company’s total purchases. For the six months ended June 30, 2023, vendor A and B represent 60.9 22.7 Stock-based Compensation The Company accounts for stock-based compensation awards in accordance with ASC Topic 718, “Compensation – Stock Compensation”. The cost of services received from employees and non-employees in exchange for awards of equity instruments is recognized in the unaudited consolidated statements of operations and comprehensive income (loss) based on the estimated fair value of those awards on the grant date and amortized on a straight-line basis over the requisite service period or vesting period. The Company records forfeitures as they occur. Business Combinations The Company accounts its business combinations using the acquisition method of accounting in accordance with ASC Topic 805. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible asset acquired and non-controlling interests, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses are expensed as incurred. Consideration transferred in a business combination is measured at the fair value as of the date of acquisition. Where the consideration in an acquisition includes contingent consideration, and the payment of which depends on the achievement of certain specified conditions post-acquisition, the contingent consideration is recognized and measured at its fair value at the acquisition date and is recorded as a liability. It is subsequently carried at fair value with changes in fair value reflected in earnings. In a business combination achieved in stages, the Company remeasures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition-date fair value and the remeasurement gain or loss, if any, is recognized in the unaudited consolidated statements of operations and comprehensive income (loss). Fair value is determined based upon the guidance of ASC Topic 820, “Fair Value Measurements and Disclosures”, and generally are determined using Level 2 inputs and Level 3 inputs. The determination of fair value involves the use of significant judgments and estimates. The Company utilizes the assistance of a third-party valuation appraiser to determine the fair value as of the date of acquisition. Fair Value Measurements The Company performs fair value measurements in accordance with ASC Topic 820. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC Topic 820 establishes three levels of inputs that may be used to measure fair value: ● Level 1: quoted prices in active markets for identical assets or liabilities; ● Level 2: inputs other than Level 1 that are observable, either directly or indirectly; or ● Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities. As of June 30, 2024 and December 31, 2023, the carrying values of current assets, except for investments in marketable securities, and current liabilities approximated their fair values reported in the consolidated balance sheets due to the short-term maturities of these instruments. Assets measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 are summarized below (also see NOTE 6): SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Fair Value Measurements as of June 30, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Fair Value at June 30, 2024 Investments in marketable securities 435,498 - - 435,498 Long-term investment in warrants - - 543,120 543,120 Fair Value Measurements as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Fair Value at December 31, 2023 Investments in marketable securities 642,348 - - 642,348 Long-term investment in warrants - - 2,004,308 2,004,308 Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU No. 2023-09 is effective for public companies for annual reporting periods beginning after December 15, 2023, on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its unaudited consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, to enhance the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. ASU No. 2023-09 is effective for public companies for annual reporting periods beginning after December 15, 2024, on a prospective basis. For all other entities, it is effective for annual reporting periods beginning after December 15, 2025, on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its unaudited consolidated financial statements and related disclosures.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
ACCOUNTS RECEIVABLE	NOTE 3 – ACCOUNTS RECEIVABLE Accounts receivable consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE NET June 30, December 31, 2024 2023 Accounts receivable – non-factored $ 2,760,310 $ 2,060,915 Accounts receivable – factored with recourse 320,759 562,767 Total accounts receivable, gross 3,081,069 2,623,682 Less: allowance for credit losses - - Total accounts receivable 3,081,069 2,623,682 Less: current portion (2,440,872 ) (2,623,682 ) Accounts receivable , non-current $ 640,197 $ -

PREPAID EXPENSES

PREPAID EXPENSES	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES	NOTE 4 – PREPAID EXPENSES Prepaid expenses consist of the following: SCHEDULE OF PREPAID EXPENSES June 30, December 31, 2024 2023 Prepayments to software and consulting services vendors $ 189,168 $ 199,376 Prepaid marketing and consulting fees 34,269 92,546 Prepaid subscription fees 49,080 95,971 Prepaid insurance premium 152,678 72,668 Referral fee paid in advance 3,360,000 - Others 92,259 76,304 Total $ 3,877,454 $ 536,865

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS As of June 30, 2024 and December 31, 2023, the Company has a due to related party balance of $ 140 1,476 1,246 4,214 As of June 30, 2024 and December 31, 2023, the Company has a loan receivable balance of $ 185,769 227,704 1.475 21,166 23,715 During the six months ended June 30, 2024, the Company engaged Luvina Software Joint Stock Company, the non-controlling interest shareholder of HeartCore Luvina, for software development and other support services in the amount of $ 31,590 21,579 nil

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
INVESTMENTS	NOTE 6 – INVESTMENTS Investment in SAFE On April 17, 2024, the Company entered into a simple agreement for future equity (“ 350,000 15% 350,000 350,000 Investment in Equity Securities On May 2, 2023, the Company purchased a $ 300,000 8 1) the date of the closing of capital-raising transactions in the amount of $300,000 or more consummated by the promissory note issuer, 2) the date on which the promissory note issuer completes its initial public offering on the Nasdaq Capital Market or New York Stock Exchange, or 3) 180 days following the note issuance. The interest rate would be 12 600,000 Investment in Warrants The Company received warrants from its customers as noncash consideration from consulting services. The warrants are not registered for public sale and are initially measured at fair value at contract inception. The Company’s investment in warrants is measured on a recurring basis and carried on the balance sheets at an estimated fair value at the end of the period. The valuation of investment in warrants is determined using the Black-Scholes model based on the stock price, exercise price, expected volatility, time to maturity, and a risk-free interest rate for the term of the warrants exercise. The following table summarizes the Company’s investment in warrants activities for the six months ended June 30, 2024 and 2023: SCHEDULE OF INVESTMENT IN WARRANTS ACTIVITY For the Six Months Ended June 30, 2024 2023 Fair value of investment in warrants at beginning of the period $ 2,004,308 $ - Warrants received as noncash consideration - 4,009,335 Changes in fair value of investment in warrants (1,237,707 ) 166,107 Warrants converted to marketable securities ( 223,481 ) (1,257,868 ) Fair value of investment in warrants at end of the period $ 543,120 $ 2,917,574 Investments in Marketable Securities The Company’s investments in marketable securities represent stocks received upon the exercise of warrants described above. They are registered for public sale with readily determinable fair values, and are measured at quoted prices on a recurring basis at the end of the period. The following table summarizes the Company’s investments in marketable securities activities for the six months ended June 30, 2024 and 2023: SCHEDULE OF INVESTMENTS IN MARKETABLE SECURITIES For the Six Months Ended June 30, 2024 2023 Fair value of investments in marketable securities at beginning of the period $ 642,348 $ - Warrants converted to marketable securities 223,481 1,257,868 Changes in fair value of investments in marketable securities (430,331 ) (229,022 ) Marketable securities sold - - Fair value of investments in marketable securities at end of the period $ 435,498 $ 1,028,846

LONG-TERM NOTE RECEIVABLE

LONG-TERM NOTE RECEIVABLE	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
LONG-TERM NOTE RECEIVABLE	NOTE 7 – LONG-TERM NOTE RECEIVABLE On September 1, 2023, the Company purchased a $ 300,000 4 September 2, 2026 10

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 8 – PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following: SCHEDULE OF PROPERTY AND EQUIPMENT NET June 30, December 31, 2024 2023 Leasehold improvements $ 444,237 $ 496,810 Machinery and equipment 648,113 706,145 Vehicle 81,301 89,859 Software 136,287 150,633 Subtotal 1,309,938 1,443,447 Less: accumulated depreciation (669,151 ) (679,717 ) Property and equipment, net $ 640,787 $ 763,730 Depreciation expenses are $ 56,196 40,472

INTANGIBLE ASSET, NET

INTANGIBLE ASSET, NET	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSET, NET	NOTE 9 – INTANGIBLE ASSET, NET Intangible asset, net is as follows: SCHEDULE OF INTANGIBLE ASSETS June 30, December 31, 2024 2023 Customer relationship $ 5,100,000 $ 5,100,000 Less: accumulated amortization (903,125 ) (584,375 ) Intangible asset, net $ 4,196,875 $ 4,515,625 Amortization expenses are $ 318,750 265,625 As of June 30, 2024, the future estimated amortization cost for intangible asset is as follows: SCHEDULE OF AMORTIZATION INTANGIBLE ASSET Estimated Year Ended December 31, Amortization Remaining of 2024 $ 318,750 2025 637,500 2026 637,500 2027 637,500 2028 637,500 Thereafter 1,328,125 Total $ 4,196,875

LEASES

LEASES	6 Months Ended
	Jun. 30, 2024
Leases
LEASES	NOTE 10 – LEASES The Company has entered into six leases for its office space, one of which was terminated in February 2024, and these leases were classified as operating leases. It has also entered into a lease for office equipment, and two leases for vehicles, one of which was terminated in September 2023, and these leases were classified as finance leases. Right-of-use assets of these finance leases in the amount of $ 69,106 85,613 Operating lease expenses for lease payments are recognized on a straight-line basis over the lease term. Finance lease costs include amortization, which are recognized on a straight-line basis over the expected life of the leased assets, and interest expenses, which are recognized following an effective interest rate method. Leases with initial term of twelve months or less are not recorded in the consolidated balance sheets. The components of lease costs are as follows: SCHEDULE OF LEASE COSTS For the Six Months Ended June 30, 2024 2023 Finance lease costs Amortization of right-of-use assets $ 8,733 $ 10,902 Interest on lease liabilities 499 86 Total finance lease costs 9,232 10,988 Operating lease costs 198,701 176,809 Total lease costs $ 207,933 $ 187,797 The following table presents supplemental information related to the Company’s leases: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO COMPANY’S LEASES For the Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 499 $ 86 Operating cash flows from operating leases 206,648 164,317 Financing cash flows from finance leases 8,526 11,243 Operating lease right-of-use assets obtained in exchange for operating lease liabilities 125,735 - Weighted average remaining lease term (years) Finance leases 4.3 0.3 Operating leases 7.2 8.7 Weighted average discount rate (per annum) Finance leases 1.32 % 1.32 % Operating leases 1.37 % 1.32 % As of June 30, 2024, the future maturity of lease liabilities is as follows: SCHEDULE OF FINANCE LEASE AND OPERATING LEASE FUTURE MATURITY OF LEASE LIABILITIES Year Ended December 31, Finance Lease Operating Lease Remaining of 2024 $ 8,394 $ 198,991 2025 16,787 373,470 2026 16,787 303,852 2027 16,787 261,809 2028 11,192 261,809 Thereafter - 870,248 Total lease payments 69,947 2,270,179 Less: imputed interest (1,900 ) (106,835 ) Total lease liabilities 68,047 2,163,344 Less: current portion (15,992 ) (358,377 ) Non-current lease liabilities $ 52,055 $ 1,804,967 Pursuant to the operating lease agreements, the Company made security deposits to the lessors. The security deposits amount to $ 310,833 348,428

OTHER LIABILITIES

OTHER LIABILITIES	6 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	NOTE 11 – OTHER LIABILITIES Other current liabilities consist of the following: SCHEDULE OF OTHER CURRENT LIABILITIES June 30, December 31, 2024 2023 Accrued consumption taxes $ 203,070 $ 143,702 Advance received for warrants sale * 9,000,000 - Others 57,942 72,703 Total other current liabilities $ 9,261,012 $ 216,405 * On February 29, 2024, the Company entered into a warrants transfer agreement with a non-related company to sell partial of the warrants it received from a customer (“Consulting Customer”) as noncash consideration from consulting services for $ 9,000,000 in cash. The Company received $ 9,000,000 during the six months ended June 30, 2024 and recorded it in other current liabilities as the warrants to be transferred are exercisable upon its Consulting Customer’s consummation of the Merger with a special purpose acquisition company or the occurrence of other fundamental events defined in the warrant agreement it had with the Consulting Customer. Other non-current liabilities consist of the following: SCHEDULE OF OTHER NON-CURRENT LIABILITIES June 30, December 31, 2024 2023 Asset retirement obligations $ 185,364 $ 208,732 Customer refund liability ** 500,000 - Total other non-current liabilities $ 685,364 $ 208,732 ** On June 28, 2024, the Company entered into a settlement agreement with a customer, pursuant to which the consulting service agreement with the customer was terminated and the Company will refund $ 500,000

FACTORING LIABILITY

FACTORING LIABILITY	6 Months Ended
	Jun. 30, 2024
Factoring Liability
FACTORING LIABILITY	NOTE 12 – FACTORING LIABILITY Sigmaways, the subsidiary acquired by the Company in February 2023, entered into a Factoring and Security Agreement (the “Factoring Agreement”) with The Southern Bank Company, an unrelated factor (the “Factor”), in 2017, for the purpose of factoring certain accounts receivable. Under the terms of the Factoring Agreement, the Company may offer for sale, and the Factor may purchase in its sole discretion, certain accounts receivable of the Company (the “Purchased Receivable”). The Factoring Agreement provided for a maximum of $ 850,000 Selected accounts receivable is submitted to the Factor, and the Company receives 90 The Factoring Agreement specifies that eligible accounts receivable is factored with recourse. Under the terms of the recourse provision, the Company is required to reimburse the Factor, upon demand, for Purchased Receivable that is not paid on time by the customers. The performance of all obligations and payments to the Factor is personally guaranteed by Prakash Sadasivam, CEO of Sigmaways and Chief Strategy Officer (“CSO”) of the Company, and secured by all Sigmaways’ now owned and hereafter assets and any sums maintained by the Factor that are identified as payable to the Company. The Factoring Agreement has an initial term of twelve months and automatically renews for successive twelve-month renewal periods unless terminated pursuant to the terms of the Factoring Agreement. The Company may terminate the Factoring Agreement with sixty days’ written notice to the Factor and is subject to certain early termination fee. The Factoring Agreement contained covenants that are customary for accounts receivable-based factoring agreements and also contained provisions relating to events of default that are customary for agreements of this type. As of June 30, 2024 and December 31, 2023, there was $ 320,759 562,767 30,786 41,611

INSURANCE PREMIUM FINANCING

INSURANCE PREMIUM FINANCING	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
INSURANCE PREMIUM FINANCING	NOTE 13 – INSURANCE PREMIUM FINANCING In January 2024, the Company entered into an insurance premium financing agreement with BankDirect Capital Finance for $ 172,689 13.9 eleven months from February 1, 2024, payable in eleven monthly installments of principal and interest. In January 2023, the Company entered into an insurance premium financing agreement with BankDirect Capital Finance for $ 389,035 16.04 ten months from February 1, 2023, payable in ten monthly installments of principal and interest. As of June 30, 2024 and December 31, 2023, the balances of the insurance premium financing were $ 112,488 nil 7,044 18,033

DEBTS

DEBTS	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
DEBTS	NOTE 14 – DEBTS Short-term Debt The Company’s short-term debt represents a loan borrowed from a financial institution as follows: SCHEDULE OF SHORT-TERM DEBTS Name of Financial Original Loan Annual Balance as of Balance as of Biz Forward Co., Ltd. JPY 19,280,001 (a) 12/26/2023 – 1/31/2024 36.840 % $ - $ 135,937 (a) The loan is secured by accounts receivable of HeartCore Japan in the amount of JPY 23,882,562 Long-term Debts The Company’s long-term debts included bond payable and loans borrowed from banks and financial institutions, which consist of the following: SCHEDULE OF LONG-TERM DEBTS Name of Original Amount Loan Annual Balance as of Balance as of Bond payable Corporate bond issued through Resona Bank, Limited JPY 100,000,000 (b)(d) 1/10/2019 – 1/10/2024 0.430 % $ - $ 70,507 Loans with banks and financial institutions Resona Bank, Limited JPY 50,000,000 (b)(c) 12/29/2017 – 12/29/2024 0.675 % 49,470 54,678 Resona Bank, Limited JPY 10,000,000 (b)(c) 9/30/2020 – 9/30/2027 1.000 % 34,945 38,624 Resona Bank, Limited JPY 40,000,000 (b)(c) 9/30/2020 – 9/30/2027 1.000 % 139,781 154,495 Resona Bank, Limited JPY 20,000,000 (b)(c) 11/13/2020 – 10/31/2027 1.600 % 71,408 78,925 Sumitomo Mitsui Banking Corporation JPY 100,000,000 (b) 12/28/2018 – 7/1/2024 1.475 % 10,507 11,612 Sumitomo Mitsui Banking Corporation JPY 10,000,000 (b)(c) 12/30/2019 – 12/30/2026 1.975 % 28,113 31,072 Sumitomo Mitsui Banking Corporation JPY 10,000,000 (b)(c) 10/4/2023 – 9/30/2028 0.600 % 61,661 68,152 Sumitomo Mitsui Banking Corporation JPY 10,000,000 (b)(c) 10/4/2023 – 9/30/2028 0.000 % 61,661 68,152 The Shoko Chukin Bank, Ltd. JPY 50,000,000 7/27/2020 – 6/30/2027 1.290 % 165,859 183,319 The Shoko Chukin Bank, Ltd. JPY 30,000,000 7/25/2023 – 6/30/2028 Tokyo Interbank Offered Rate + 1.950 % 175,108 197,137 Japan Finance Corporation JPY 80,000,000 11/17/2020 – 11/30/2027 0.210 % 295,994 327,152 Higashi-Nippon Bank JPY 30,000,000 (b) 3/31/2022 – 3/31/2025 1.400 % 84,205 93,070 Higashi-Nippon Bank JPY 30,000,000 (b)(c) 10/11/2023 – 9/30/2028 1.450 % 184,996 204,471 First Home Bank $ 350,000 (e) 4/18/2019 – 4/18/2029 Wall Street Journal U.S. Prime Rate + 2.750 % 212,893 229,007 U.S. Small Business Administration $ 350,000 (e) 5/30/2020 – 5/30/2050 3.750 % 350,000 350,000 Aggregate outstanding principal balances 1,926,601 2,160,373 Less: unamortized debt issuance costs (14,303 ) (18,238 ) Less: current portion (508,729 ) (371,783 ) Non-current portion $ 1,403,569 $ 1,770,352 (b) These debts are guaranteed by Sumitaka Yamamoto, the Company’s CEO and major shareholder. (c) These debts are guaranteed by Tokyo Credit Guarantee Association, and the Company has paid guarantee expenses for these debts. (d) The bond is guaranteed by Resona Bank, Limited. (e) These debts are guaranteed by Prakash Sadasivam, CEO of Sigmaways and CSO of the Company, and secured by all assets of Sigmaways. Interest expense for short-term debt and long-term debts was $ 2,929 32,942 nil 22,810 As of June 30, 2024, future minimum principal payments for long-term debts are as follows: SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS Principal Year Ended December 31, Payment Remaining of 2024 $ 260,702 2025 404,497 2026 360,339 2027 386,977 2028 177,502 Thereafter 336,584 Total $ 1,926,601

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 15 – INCOME TAXES United States HeartCore USA, Sigmaways and HeartCore Financial, incorporated in the United States, are subject to federal income tax at 21 Netherlands Sigmaways B.V. is a company incorporated in Netherlands in November 2019. The first EUR200,000 of taxable income is subject to a statutory tax rate of 19 25.80 Canada Sigmaways Technologies is a company incorporated in British Columbia in Canada in August 2020. It is subject to income tax on income arising in, or derived from, the tax jurisdiction in British Columbia it operates. The basic federal rate of Part I tax is 38 28 15 2 12 Vietnam HeartCore Luvina is a company incorporated in Vietnam in November 2023. It is subject to standard income tax rate at 20 Japan The Company conducts its major businesses in Japan and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the local tax authority. Income taxes in Japan applicable to the Company are imposed by the national, prefectural and municipal governments, and in the aggregate result in an effective statutory tax rate of approximately 34.59 For the six months ended June 30, 2024 and 2023, the Company’s income tax expense (benefit) are as follows: SCHEDULE OF INCOME TAX EXPENSES 2024 2023 For the Six Months Ended June 30, 2024 2023 Current $ 1,201 $ 114,686 Deferred (153,531 ) (75,240 ) Income tax expense (benefit) $ (152,330 ) $ 39,446 The effective tax rate was 3.97 4.78

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 16 – STOCK-BASED COMPENSATION Options On August 6, 2021, the Board of Directors and shareholders of the Company approved a 2021 Equity Incentive Plan (the “2021 Plan”), under which 2,400,000 shares of common shares are authorized for issuance. On February 3, 2023, the Company awarded options to purchase 100,000 1.17 50 February 3, 2033 On August 1, 2023, the Board of Directors of the Company approved a 2023 Equity Incentive Plan (the “2023 Plan”), under which 2,000,000 No The following table summarizes the stock options activity and related information for the six months ended June 30, 2024 and 2023: SCHEDULE OF STOCK OPTION ACTIVITY Number of Weighted Weighted Intrinsic As of January 1, 2023 1,466,500 $ 2.50 8.94 $ - Granted 100,000 1.17 9.61 - Exercised -         - - - Forfeited (2,000 ) 2.50 - - As of June 30, 2023 1,564,500 $ 2.42 8.52 $ 26,000 As of January 1, 2024 1,547,000 $ 2.41 8.01 $ - Granted - - - - Exercised - - - - Forfeited (35,000 ) 2.42 - - As of June 30, 2024 1,512,000 $ 2.41 7.51 $ - Vested and exercisable as of June 30, 2024 813,250 $ 2.34 7.53 $ - The Company calculated the fair value of options granted in the six months ended June 30, 2023 using the Black-Scholes model. Significant assumptions used in the valuation include expected volatility, risk-free interest rate, dividend yield and expected exercise term. For the three and six months ended June 30, 2024, the Company recognized stock-based compensation related to options of $ 40,597 111,044 150,481 334,816 266,230 Restricted Stock Units (“RSUs”) On March 22, 2023, the Company entered into agreements with employees and service providers of Sigmaways and granted 671,350 691,491 The following table summarizes the RSUs activity for the six months ended June 30, 2024 and 2023: SCHEDULE OF RESTRICTED STOCK UNITS Number of Weighted Average Unvested as of January 1, 2023 85,820 $ 4.95 Granted 671,350 1.03 Vested (692,804 ) 1.15 Forfeited - - Unvested as of June 30, 2023 64,366 $ 4.95 Unvested as of January 1, 2024 64,366 $ 4.95 Granted - - Vested (21,454 ) 4.95 Forfeited - - Unvested as of June 30, 2024 42,912 $ 4.95 For the three and six months ended June 30, 2024, the Company recognized stock-based compensation related to RSUs of $ 15,445 36,710 28,684 759,577 64,400

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 17 – SHAREHOLDERS’ EQUITY On February 1, 2023, 2,500,000 51 3,150,000 In November 2023, the Company established a 51 1,646.4 67,195 On March 29, 2024, the Board of Directors approved a dividend declaration of $ 0.02 shareholders of record at the close of business on April 26, 2024 417,283 As of June 30, 2024 and December 31, 2023, there were 20,864,144 20,842,690 No

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2024
Net income (loss) per common share attributable to HeartCore Enterprises, Inc.
NET INCOME (LOSS) PER SHARE	NOTE 18 – NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is calculated on the basis of weighted average outstanding common shares. Diluted net income (loss) per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs and other dilutive securities. Common shares equivalents are determined by applying the treasury stock method to the assumed conversion of share repurchase liability to common shares related to the early exercised stock options and unvested RSUs, and are not included in the calculation of diluted income (loss) per share if their effect would be anti-dilutive. The computation of basic and diluted net income (loss) per share for the three and six months ended June 30, 2024 and 2023 is as follows: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE 2024 2023 2024 2023 For the Three Months For the Six Months 2024 2023 2024 2023 Net income (loss) per share - basic and diluted Numerator Net income (loss) attributable to HeartCore Enterprises, Inc. common shareholders $ (1,951,100 ) $ (911,800 ) $ (3,284,450 ) $ 970,489 Denominator Weighted average number of common shares outstanding used in calculating net income (loss) per share 20,864,144 20,842,690 20,859,429 19,959,333 Net income (loss) per share - basic and diluted $ (0.09 ) $ (0.04 ) $ (0.16 ) $ 0.05 For the three and six months ended June 30, 2024 and 2023, the weighted average common shares outstanding are the same for basic and diluted net income (loss) per share calculations, as the inclusion of common share equivalents would have an anti-dilutive effect.

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION	NOTE 19 – BUSINESS COMBINATION On September 6, 2022, HeartCore USA entered into the Sigmaways Agreement to acquire 51 4,150,000 1,000,000 2,500,000 3,150,000 The total purchase price is allocated to the tangible and identifiable intangible assets acquired and liabilities assumed and non-controlling interest based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. The purchase price is allocated on the acquisition date as follows: SCHEDULE OF BUSINESS PURCHASE PRICE ALLOCATION Amount Current assets $ 2,066,683 Acquired intangible asset 5,100,000 Non-current assets 47,979 Current liabilities (1,146,900 ) Deferred tax liabilities (1,428,000 ) Non-current liabilities (576,203 ) Goodwill 3,276,441 Non-controlling interest (3,190,000 ) Total purchase consideration $ 4,150,000 The results of operations, financial position and cash flows of Sigmaways and its subsidiaries have been included in the Company’s unaudited consolidated financial statements since the date of acquisition. Pro forma results of operations for the business combination have not been presented because they are not material to the unaudited consolidated statements of operations and comprehensive income (loss). The Company’s policy is to perform its annual impairment testing on goodwill for its reporting unit on December 31 of each fiscal year or more frequently if events or changes in circumstances indicate that an impairment may exist. The Company did not recognize any impairment loss on goodwill for the six months ended June 30, 2024 and 2023.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 20 – SUBSEQUENT EVENT On July 22, 2024, the Board of Directors of the Company declared a cash dividend of $ 0.02

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated. These unaudited interim consolidated financial statements do not include all of the information and disclosure required by the U.S. GAAP for complete financial statements. Interim results are not necessarily indicative of results for a full year. In the opinion of management, all adjustments consisting of normal recurring nature considered necessary for a fair presentation of the financial position and the results of operations and cash flows for the interim periods have been included. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2023.
Correction of Error in Previously Issued Financial Statements	Correction of Error in Previously Issued Financial Statements During the review of the Company’s consolidated financial statements for the six months ended June 30, 2024, the Company identified an error in the consolidated statement of cash flows in the consolidated financial statements for the three months ended March 31, 2024 due to a misclassification between operating and investing activities for the net proceeds received from sale of warrants, and corrected such error through a cumulative out-of-period adjustment in the consolidated statement of cash flows for the six months ended June 30, 3024. The change in prepaid expenses and change in other liabilities in the operating cash flows for the three months ended March 31, 2024 should have been $ 102,028 60,658 (3,257,972) 5,060,658 1,640,000 1,640,000 1,640,000 In accordance with the SEC’s Staff Accounting Bulletin Nos. 99 and 108 (SAB 99 and SAB 108), the Company evaluated this error and, based on analysis of quantitative and qualitative factors, determined that the error is not material to the previously issued financial statements and the cumulative out-of-period adjustment for the correction of this error is not material to the financial statements for the six months ended June 30, 2024. Therefore, as permitted by SAB108, the Company corrected such error in the current filing through a cumulative out-of-period adjustment in the consolidated statement of cash flows for the six months ended June 30, 3024.
Use of Estimates	Use of Estimates In preparing the unaudited consolidated financial statements in conformity U.S. GAAP, the management is required to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information available as of the date of the unaudited consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the allowance for credit losses, useful lives of property and equipment and intangible asset, the impairment of long-lived assets and goodwill, valuation of stock-based compensation, valuation allowance of deferred tax assets, implicit interest rate of operating and finance leases, valuation of asset retirement obligations, valuation of investment in warrants, revenue recognition and purchase price allocation with respect to business combination. Actual results could differ from those estimates.
Asset Retirement Obligations	Asset Retirement Obligations Pursuant to the lease agreements for the office space, the Company is responsible to restore these spaces back to its original statute at the time of leaving. The Company recognizes an obligation related to these restorations as asset retirement obligation included in other non-current liabilities in the consolidated balance sheets, in accordance with the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Codification (“ASC”) Topic 410, “Asset Retirement Obligation Accounting”. The Company capitalizes the associated asset retirement cost by increasing the carrying amount of the related property and equipment. The following table presents changes in asset retirement obligations: SCHEDULE OF CHANGES IN ASSET RETIREMENT OBLIGATIONS June 30, December 31, 2024 2023 Beginning balance $ 208,732 $ 138,018 Liabilities incurred - 83,821 Accretion expense 176 428 Liabilities settled (3,779 ) - Foreign currency translation adjustment (19,765 ) (13,535 ) Ending balance $ 185,364 $ 208,732
Software Development Costs	Software Development Costs Software development costs are expensed as incurred until the point the Company establishes technological feasibility. Technological feasibility is established upon completion of a detailed program design or the completion of a working model. Costs incurred by the Company between establishment of technological feasibility and the point at which the product is ready for general release are capitalized and amortized over the economic life of the related products. The Company’s software development costs incurred subsequent to achieving technological feasibility have not been significant and all software development costs have been expensed as incurred. In the six months ended June 30, 2024 and 2023, software development costs expensed as incurred amounted to $ 200,402 119,232
Investment in Warrants	Investment in Warrants Investment in warrants represents stock warrants of its consulting service customers. The warrants are measured at fair value and any changes in fair value are recognized in other income (expenses). Investment in warrants is classified as long-term if the warrants are exercisable over one year after the date of receipt.
Investments in Marketable Securities	Investments in Marketable Securities Investments in marketable securities represent equity securities registered for public sale with readily determinable fair value. The marketable securities were obtained through exercise of stock warrants of its consulting service customers and measured at fair value with changes in fair value recognized in other income (expenses).
Investment in Equity Securities	Investment in Equity Securities Investment in equity securities represents investment in a privately held entity that does not have a readily determinable fair value or report net asset value. Investment in equity securities is accounted for using a measurement alternative, under which this investment is measured at cost, adjusted for observable price changes and impairments, with changes recognized in other income (expenses). Investment in equity securities is classified as long-term if the Company anticipates to dispose of the investment over one year after the date of receipt based on information available as of the date the unaudited consolidated financial statements are issued. The Company did not recognize any impairment loss on investment in equity securities for the six months ended June 30, 2024.
Investment in SAFE	Investment in SAFE Investment in SAFE represents investment in a privately held entity that does not have a readily determinable fair value or report net asset value through a simple agreement for future equity (“SAFE”). Investment in SAFE is accounted for using a measurement alternative, under which this investment is measured at cost, adjusted for observable price changes and impairments, with changes recognized in other income (expenses). Investment in SAFE is classified as long-term if the Company anticipates the equity financing or dissolution or liquidity event prescribed in the SAFE to take place over one year after the date of receipt based on information available as of the date the unaudited consolidated financial statements are issued. The Company did not recognize any impairment loss on investment in SAFE for the six months ended June 30, 2024.
Intangible Asset, Net	Intangible Asset, Net Intangible asset represents the customer relationship acquired from business acquisition of Sigmaways and its subsidiaries. The acquired intangible asset is recognized and measured at fair value at the time of acquisition and is amortized on a straight-line basis over the estimated economic useful life of the respective asset. The estimated useful life of the customer relationship is 8 years
Impairment of Long-Lived Assets Other Than Goodwill	Impairment of Long-Lived Assets Other Than Goodwill Long-lived assets with finite lives, primarily property and equipment, operating lease right-of-use assets and intangible asset, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the estimated cash flows from the use of the asset and its eventual disposition are below the asset’s carrying value, then the asset is deemed to be impaired and written down to its fair value. There were no impairments of these assets during the six months ended June 30, 2024 and 2023.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with ASC Topic 350, “Intangibles – Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis.
Foreign Currency Translation	Foreign Currency Translation The functional currency of HeartCore Japan, HeartCore Capital Advisors and HeartCore Financial – Japan is the Japanese Yen (“JPY”). The functional currency of HeartCore USA, HeartCore Financial and Sigmaways is the United States Dollar (“US$”). The functional currency of Sigmaways B.V. is the Euro (“EUR”). The functional currency of Sigmaways Technologies is the Canada Dollar (“CAD”). The functional currency of HeartCore Luvina is the Vietnam Dong (“VND”). Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the unaudited consolidated statements of operations and comprehensive income (loss). The reporting currency of the Company is the US$, and the accompanying unaudited consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statements”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from the translation of financial statements are recorded as a separate component of accumulated other comprehensive income within the unaudited consolidated statements of changes in shareholders’ equity.
Revenue Recognition	Revenue Recognition The Company recognizes revenues under ASC Topic 606, “Revenue from Contracts with Customers”. To determine revenue recognition for contracts with customers, the Company performs the following five steps: (i) identify the contract(s) with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. Revenues amount represents the invoiced value, net of a value-added tax (“Consumption Tax”) and applicable local government levies. The Consumption Tax on sales are calculated at 10% of gross sales in Japan and Vietnam, 5% of gross sales in Canada, 21% of gross sales in Netherlands and nil of gross sales in the United States. The Company currently generates its revenue from the following main sources: Revenues from On-Premise Software Licenses for on-premise software provide the customers with a right to use the software as it exists when made available to the customers. The Company provides on-premise software in the form of both perpetual licenses and term-based licenses which grant the customers with the right for a specified term. Revenues from on-premise licenses are recognized upfront at the point in time when the software is made available to the customers. Licenses for on-premise software are typically sold to the customers with maintenance and support services in a bundle. Revenues under the bundled arrangements are allocated based on the relative standalone selling prices (“SSP”) of on-premise software and maintenance and support service. The SSP for maintenance and support services is estimated based upon observable transactions when those services are sold on a standalone basis. The SSP of on-premise software is typically estimated using the residual approach as the Company is unable to establish the SSP for on-premise licenses based on observable prices given the same products are sold for a broad range of amounts (that is, the selling price is highly variable) and a representative SSP is not discernible from past transactions or other observable evidence. Revenues from Maintenance and Support Services Maintenance and support services provided with software licenses consist of trouble shooting, technical support and the right to receive unspecified software updates when and if available during the subscription. Revenues from maintenance and support services are recognized over time as such services are performed. Revenues for consumption-based services are generally recognized as the services are performed and accepted by the customers. Revenues from Software as a Service (“SaaS”) The Company’s software is available for use as hosted application arrangements under subscription fee agreements without licensing the rights of the software to the customers. Subscription fees from these applications are recognized over time on a ratable basis over the customer agreement term beginning on the date the Company’s solution is made available to the customers. The subscription contracts are generally one year or less in length. Revenues from Software Development and Other Miscellaneous Services The Company provides customers with software development and support services pursuant to their specific requirements, which primarily compose of consulting, integration, training, custom application, and workflow development. The Company also provides other miscellaneous services, such as 3D Space photography. The Company generally recognizes revenues at a point in time when control is transferred to the customers and the Company is entitled to the payment, which is when the promised services are delivered and accepted by the customers. Revenues from Customized Software Development and Services The Company’s customized software development and services revenues primarily include revenues from providing software development solutions and other support services to its customers. The contract pricing is at stated billing rates per hour. These contracts are generally short-term in nature and not longer than one year in duration. For services provided under the contracts that result in the transfer of control over time, the underlying deliverable in the contracts is owned and controlled by the customers and does not create an asset with an alternative use to the Company. The Company recognizes revenues on rate per hour contracts based on the amount billable to the customers, as the Company has the right to invoice the customers in an amount that directly corresponds with the value to the customers of the Company’s performance to date. Revenues from Consulting Services The Company provides public listing related consulting services to customers pursuant to the specific requirements prescribed in the contracts, which primarily include communicating with intermediary parties, preparing required documents related to the initial public offering and supporting the listing process. The consulting service contracts normally include both cash and noncash considerations. Cash consideration is paid in installment payments and is recognized in revenues over the period of the contract by reference to progress toward complete satisfaction of that performance obligation. Noncash consideration is in the form of warrants of the customers and is measured at fair value at contract inception. Noncash consideration that is variable for reasons other than only the form of the consideration is included in the transaction price, but is subject to the constraint on variable consideration. The Company assesses the estimated amount of the variable noncash consideration at contract inception and subsequently, to determine when and to what extent it is probable that a significant reversal in the amount of cumulative revenues recognized will not occur once the uncertainty associated with the variable consideration is subsequently resolved. Only when the significant revenues reversal is concluded probable of not occurring can variable consideration be included in revenues. Based on evaluation of likelihood and magnitude of a reversal in applying the constraint, the variable noncash consideration is recognized in revenues until the underlying uncertainties have been resolved. The Company records reduction to revenues for estimated customer returns and allowances. The Company bases its estimates on historical rates of customer returns and allowances as well as the specific identification of outstanding returns. The actual amount of customer returns and allowances, which is inherently uncertain, may differ from the Company’s estimates. If the Company determines that actual or expected returns or allowances are significantly higher or lower than the reserves it established, it would record a reduction or increase, as appropriate, to revenues in the period in which it makes such a determination. Reserves for customer refunds are included within other current liabilities or other non-current liabilities on the consolidated balance sheets. At a minimum, the Company reviews and refines these estimates on a quarterly basis. The timing of revenue recognition may differ from the timing of invoicing to the customers. The Company has determined that its contracts do not include a significant financing component. The Company records a contract asset, which is included in accounts receivable, current or non-current, in the consolidated balance sheets, when revenues are recognized prior to invoicing. The Company factors certain accounts receivable upon or after the performance obligation is being met. The Company records deferred revenue in the consolidated balance sheets when revenues are recognized subsequent to cash collection for an invoice. Deferred revenue is reported net of related uncollected deferred revenue in the consolidated balance sheets. The amount of revenues recognized during the six months ended June 30, 2024 and 2023 that were included in the opening deferred revenue balance was approximately $ 1.5 1.3 Disaggregation of Revenues The Company disaggregates its revenues from contracts by product/service types, as the Company believes it best depicts how the nature, amount, timing and uncertainty of the revenues and cash flows are affected by economic factors. The Company’s disaggregation of revenues by revenue stream for the three and six months ended June 30, 2024 and 2023 is as following: SCHEDULE OF DISAGGREGATION OF REVENUES For the Three Months For the Six Months 2024 2023 2024 2023 Revenues from on-premise software $ 575,424 $ 704,268 $ 1,654,160 $ 1,061,189 Revenues from maintenance and support services 549,284 874,725 1,177,048 1,576,199 Revenues from software as a service (“SaaS”) 152,248 177,529 291,948 348,573 Revenues from software development and other miscellaneous services 516,561 406,455 964,019 1,086,796 Revenues from customized software development and services 2,122,059 2,294,953 4,299,652 3,926,572 Revenues from consulting services 150,812 637,443 726,293 5,830,194 Total revenues $ 4,066,388 $ 5,095,373 $ 9,113,120 $ 13,829,523 The Company’s disaggregation of revenues by product/service is as following: For the Three Months For the Six Months 2024 2023 2024 2023 Revenues from customer experience management platform $ 1,420,584 $ 1,725,872 $ 3,480,173 $ 3,292,309 Revenues from process mining 101,307 188,555 174,462 290,756 Revenues from robotic process automation 102,373 127,283 158,564 213,469 Revenues from task mining 107,362 95,679 153,220 202,767 Revenues from customized software development and services 2,122,059 2,294,953 4,299,652 3,926,572 Revenues from consulting services 150,812 637,443 726,293 5,830,194 Revenues from others 61,891 25,588 120,756 73,456 Total revenues $ 4,066,388 $ 5,095,373 $ 9,113,120 $ 13,829,523 As of June 30, 2024 and 2023, and for the periods then ended, the majority of the long-lived assets (excluding intangible asset) and revenues generated were attributed to the Company’s operation in Japan.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of accounts receivable, note receivable and other receivable. The Company usually does not require collateral or other security to support these receivables. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. For the six months ended June 30, 2024, customer A represents 13.7 18.2 12.8 11.8 For the six months ended June 30, 2024, no vendor accounts for more than 10% of the Company’s total purchases. For the six months ended June 30, 2023, vendor A and B represent 60.9 22.7
Stock-based Compensation	Stock-based Compensation The Company accounts for stock-based compensation awards in accordance with ASC Topic 718, “Compensation – Stock Compensation”. The cost of services received from employees and non-employees in exchange for awards of equity instruments is recognized in the unaudited consolidated statements of operations and comprehensive income (loss) based on the estimated fair value of those awards on the grant date and amortized on a straight-line basis over the requisite service period or vesting period. The Company records forfeitures as they occur.
Business Combinations	Business Combinations The Company accounts its business combinations using the acquisition method of accounting in accordance with ASC Topic 805. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible asset acquired and non-controlling interests, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses are expensed as incurred. Consideration transferred in a business combination is measured at the fair value as of the date of acquisition. Where the consideration in an acquisition includes contingent consideration, and the payment of which depends on the achievement of certain specified conditions post-acquisition, the contingent consideration is recognized and measured at its fair value at the acquisition date and is recorded as a liability. It is subsequently carried at fair value with changes in fair value reflected in earnings. In a business combination achieved in stages, the Company remeasures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition-date fair value and the remeasurement gain or loss, if any, is recognized in the unaudited consolidated statements of operations and comprehensive income (loss). Fair value is determined based upon the guidance of ASC Topic 820, “Fair Value Measurements and Disclosures”, and generally are determined using Level 2 inputs and Level 3 inputs. The determination of fair value involves the use of significant judgments and estimates. The Company utilizes the assistance of a third-party valuation appraiser to determine the fair value as of the date of acquisition.
Fair Value Measurements	Fair Value Measurements The Company performs fair value measurements in accordance with ASC Topic 820. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC Topic 820 establishes three levels of inputs that may be used to measure fair value: ● Level 1: quoted prices in active markets for identical assets or liabilities; ● Level 2: inputs other than Level 1 that are observable, either directly or indirectly; or ● Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities. As of June 30, 2024 and December 31, 2023, the carrying values of current assets, except for investments in marketable securities, and current liabilities approximated their fair values reported in the consolidated balance sheets due to the short-term maturities of these instruments. Assets measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 are summarized below (also see NOTE 6): SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Fair Value Measurements as of June 30, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Fair Value at June 30, 2024 Investments in marketable securities 435,498 - - 435,498 Long-term investment in warrants - - 543,120 543,120 Fair Value Measurements as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Fair Value at December 31, 2023 Investments in marketable securities 642,348 - - 642,348 Long-term investment in warrants - - 2,004,308 2,004,308
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU No. 2023-09 is effective for public companies for annual reporting periods beginning after December 15, 2023, on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its unaudited consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, to enhance the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. ASU No. 2023-09 is effective for public companies for annual reporting periods beginning after December 15, 2024, on a prospective basis. For all other entities, it is effective for annual reporting periods beginning after December 15, 2025, on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its unaudited consolidated financial statements and related disclosures.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF CHANGES IN ASSET RETIREMENT OBLIGATIONS	SCHEDULE OF CHANGES IN ASSET RETIREMENT OBLIGATIONS June 30, December 31, 2024 2023 Beginning balance $ 208,732 $ 138,018 Liabilities incurred - 83,821 Accretion expense 176 428 Liabilities settled (3,779 ) - Foreign currency translation adjustment (19,765 ) (13,535 ) Ending balance $ 185,364 $ 208,732
SCHEDULE OF DISAGGREGATION OF REVENUES	SCHEDULE OF DISAGGREGATION OF REVENUES For the Three Months For the Six Months 2024 2023 2024 2023 Revenues from on-premise software $ 575,424 $ 704,268 $ 1,654,160 $ 1,061,189 Revenues from maintenance and support services 549,284 874,725 1,177,048 1,576,199 Revenues from software as a service (“SaaS”) 152,248 177,529 291,948 348,573 Revenues from software development and other miscellaneous services 516,561 406,455 964,019 1,086,796 Revenues from customized software development and services 2,122,059 2,294,953 4,299,652 3,926,572 Revenues from consulting services 150,812 637,443 726,293 5,830,194 Total revenues $ 4,066,388 $ 5,095,373 $ 9,113,120 $ 13,829,523 The Company’s disaggregation of revenues by product/service is as following: For the Three Months For the Six Months 2024 2023 2024 2023 Revenues from customer experience management platform $ 1,420,584 $ 1,725,872 $ 3,480,173 $ 3,292,309 Revenues from process mining 101,307 188,555 174,462 290,756 Revenues from robotic process automation 102,373 127,283 158,564 213,469 Revenues from task mining 107,362 95,679 153,220 202,767 Revenues from customized software development and services 2,122,059 2,294,953 4,299,652 3,926,572 Revenues from consulting services 150,812 637,443 726,293 5,830,194 Revenues from others 61,891 25,588 120,756 73,456 Total revenues $ 4,066,388 $ 5,095,373 $ 9,113,120 $ 13,829,523
SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS	Assets measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 are summarized below (also see NOTE 6): SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Fair Value Measurements as of June 30, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Fair Value at June 30, 2024 Investments in marketable securities 435,498 - - 435,498 Long-term investment in warrants - - 543,120 543,120 Fair Value Measurements as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Fair Value at December 31, 2023 Investments in marketable securities 642,348 - - 642,348 Long-term investment in warrants - - 2,004,308 2,004,308

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE NET	Accounts receivable consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE NET June 30, December 31, 2024 2023 Accounts receivable – non-factored $ 2,760,310 $ 2,060,915 Accounts receivable – factored with recourse 320,759 562,767 Total accounts receivable, gross 3,081,069 2,623,682 Less: allowance for credit losses - - Total accounts receivable 3,081,069 2,623,682 Less: current portion (2,440,872 ) (2,623,682 ) Accounts receivable , non-current $ 640,197 $ -

PREPAID EXPENSES (Tables)

PREPAID EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAID EXPENSES	Prepaid expenses consist of the following: SCHEDULE OF PREPAID EXPENSES June 30, December 31, 2024 2023 Prepayments to software and consulting services vendors $ 189,168 $ 199,376 Prepaid marketing and consulting fees 34,269 92,546 Prepaid subscription fees 49,080 95,971 Prepaid insurance premium 152,678 72,668 Referral fee paid in advance 3,360,000 - Others 92,259 76,304 Total $ 3,877,454 $ 536,865

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Marketable Securities [Member]
SCHEDULE OF INVESTMENTS IN MARKETABLE SECURITIES	SCHEDULE OF INVESTMENTS IN MARKETABLE SECURITIES For the Six Months Ended June 30, 2024 2023 Fair value of investments in marketable securities at beginning of the period $ 642,348 $ - Warrants converted to marketable securities 223,481 1,257,868 Changes in fair value of investments in marketable securities (430,331 ) (229,022 ) Marketable securities sold - - Fair value of investments in marketable securities at end of the period $ 435,498 $ 1,028,846
Warrant [Member]
SCHEDULE OF INVESTMENTS IN MARKETABLE SECURITIES	The following table summarizes the Company’s investment in warrants activities for the six months ended June 30, 2024 and 2023: SCHEDULE OF INVESTMENT IN WARRANTS ACTIVITY For the Six Months Ended June 30, 2024 2023 Fair value of investment in warrants at beginning of the period $ 2,004,308 $ - Warrants received as noncash consideration - 4,009,335 Changes in fair value of investment in warrants (1,237,707 ) 166,107 Warrants converted to marketable securities ( 223,481 ) (1,257,868 ) Fair value of investment in warrants at end of the period $ 543,120 $ 2,917,574

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT NET	Property and equipment, net consist of the following: SCHEDULE OF PROPERTY AND EQUIPMENT NET June 30, December 31, 2024 2023 Leasehold improvements $ 444,237 $ 496,810 Machinery and equipment 648,113 706,145 Vehicle 81,301 89,859 Software 136,287 150,633 Subtotal 1,309,938 1,443,447 Less: accumulated depreciation (669,151 ) (679,717 ) Property and equipment, net $ 640,787 $ 763,730

INTANGIBLE ASSET, NET (Tables)

INTANGIBLE ASSET, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	Intangible asset, net is as follows: SCHEDULE OF INTANGIBLE ASSETS June 30, December 31, 2024 2023 Customer relationship $ 5,100,000 $ 5,100,000 Less: accumulated amortization (903,125 ) (584,375 ) Intangible asset, net $ 4,196,875 $ 4,515,625
SCHEDULE OF AMORTIZATION INTANGIBLE ASSET	As of June 30, 2024, the future estimated amortization cost for intangible asset is as follows: SCHEDULE OF AMORTIZATION INTANGIBLE ASSET Estimated Year Ended December 31, Amortization Remaining of 2024 $ 318,750 2025 637,500 2026 637,500 2027 637,500 2028 637,500 Thereafter 1,328,125 Total $ 4,196,875

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
SCHEDULE OF LEASE COSTS	The components of lease costs are as follows: SCHEDULE OF LEASE COSTS For the Six Months Ended June 30, 2024 2023 Finance lease costs Amortization of right-of-use assets $ 8,733 $ 10,902 Interest on lease liabilities 499 86 Total finance lease costs 9,232 10,988 Operating lease costs 198,701 176,809 Total lease costs $ 207,933 $ 187,797
SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO COMPANY’S LEASES	The following table presents supplemental information related to the Company’s leases: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO COMPANY’S LEASES For the Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 499 $ 86 Operating cash flows from operating leases 206,648 164,317 Financing cash flows from finance leases 8,526 11,243 Operating lease right-of-use assets obtained in exchange for operating lease liabilities 125,735 - Weighted average remaining lease term (years) Finance leases 4.3 0.3 Operating leases 7.2 8.7 Weighted average discount rate (per annum) Finance leases 1.32 % 1.32 % Operating leases 1.37 % 1.32 %
SCHEDULE OF FINANCE LEASE AND OPERATING LEASE FUTURE MATURITY OF LEASE LIABILITIES	As of June 30, 2024, the future maturity of lease liabilities is as follows: SCHEDULE OF FINANCE LEASE AND OPERATING LEASE FUTURE MATURITY OF LEASE LIABILITIES Year Ended December 31, Finance Lease Operating Lease Remaining of 2024 $ 8,394 $ 198,991 2025 16,787 373,470 2026 16,787 303,852 2027 16,787 261,809 2028 11,192 261,809 Thereafter - 870,248 Total lease payments 69,947 2,270,179 Less: imputed interest (1,900 ) (106,835 ) Total lease liabilities 68,047 2,163,344 Less: current portion (15,992 ) (358,377 ) Non-current lease liabilities $ 52,055 $ 1,804,967

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
SCHEDULE OF OTHER CURRENT LIABILITIES	Other current liabilities consist of the following: SCHEDULE OF OTHER CURRENT LIABILITIES June 30, December 31, 2024 2023 Accrued consumption taxes $ 203,070 $ 143,702 Advance received for warrants sale * 9,000,000 - Others 57,942 72,703 Total other current liabilities $ 9,261,012 $ 216,405 * On February 29, 2024, the Company entered into a warrants transfer agreement with a non-related company to sell partial of the warrants it received from a customer (“Consulting Customer”) as noncash consideration from consulting services for $ 9,000,000 in cash. The Company received $ 9,000,000 during the six months ended June 30, 2024 and recorded it in other current liabilities as the warrants to be transferred are exercisable upon its Consulting Customer’s consummation of the Merger with a special purpose acquisition company or the occurrence of other fundamental events defined in the warrant agreement it had with the Consulting Customer.
SCHEDULE OF OTHER NON-CURRENT LIABILITIES	Other non-current liabilities consist of the following: SCHEDULE OF OTHER NON-CURRENT LIABILITIES June 30, December 31, 2024 2023 Asset retirement obligations $ 185,364 $ 208,732 Customer refund liability ** 500,000 - Total other non-current liabilities $ 685,364 $ 208,732 ** On June 28, 2024, the Company entered into a settlement agreement with a customer, pursuant to which the consulting service agreement with the customer was terminated and the Company will refund $ 500,000

DEBTS (Tables)

DEBTS (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF SHORT-TERM DEBTS	The Company’s short-term debt represents a loan borrowed from a financial institution as follows: SCHEDULE OF SHORT-TERM DEBTS Name of Financial Original Loan Annual Balance as of Balance as of Biz Forward Co., Ltd. JPY 19,280,001 (a) 12/26/2023 – 1/31/2024 36.840 % $ - $ 135,937 (a) The loan is secured by accounts receivable of HeartCore Japan in the amount of JPY 23,882,562
SCHEDULE OF LONG-TERM DEBTS	The Company’s long-term debts included bond payable and loans borrowed from banks and financial institutions, which consist of the following: SCHEDULE OF LONG-TERM DEBTS Name of Original Amount Loan Annual Balance as of Balance as of Bond payable Corporate bond issued through Resona Bank, Limited JPY 100,000,000 (b)(d) 1/10/2019 – 1/10/2024 0.430 % $ - $ 70,507 Loans with banks and financial institutions Resona Bank, Limited JPY 50,000,000 (b)(c) 12/29/2017 – 12/29/2024 0.675 % 49,470 54,678 Resona Bank, Limited JPY 10,000,000 (b)(c) 9/30/2020 – 9/30/2027 1.000 % 34,945 38,624 Resona Bank, Limited JPY 40,000,000 (b)(c) 9/30/2020 – 9/30/2027 1.000 % 139,781 154,495 Resona Bank, Limited JPY 20,000,000 (b)(c) 11/13/2020 – 10/31/2027 1.600 % 71,408 78,925 Sumitomo Mitsui Banking Corporation JPY 100,000,000 (b) 12/28/2018 – 7/1/2024 1.475 % 10,507 11,612 Sumitomo Mitsui Banking Corporation JPY 10,000,000 (b)(c) 12/30/2019 – 12/30/2026 1.975 % 28,113 31,072 Sumitomo Mitsui Banking Corporation JPY 10,000,000 (b)(c) 10/4/2023 – 9/30/2028 0.600 % 61,661 68,152 Sumitomo Mitsui Banking Corporation JPY 10,000,000 (b)(c) 10/4/2023 – 9/30/2028 0.000 % 61,661 68,152 The Shoko Chukin Bank, Ltd. JPY 50,000,000 7/27/2020 – 6/30/2027 1.290 % 165,859 183,319 The Shoko Chukin Bank, Ltd. JPY 30,000,000 7/25/2023 – 6/30/2028 Tokyo Interbank Offered Rate + 1.950 % 175,108 197,137 Japan Finance Corporation JPY 80,000,000 11/17/2020 – 11/30/2027 0.210 % 295,994 327,152 Higashi-Nippon Bank JPY 30,000,000 (b) 3/31/2022 – 3/31/2025 1.400 % 84,205 93,070 Higashi-Nippon Bank JPY 30,000,000 (b)(c) 10/11/2023 – 9/30/2028 1.450 % 184,996 204,471 First Home Bank $ 350,000 (e) 4/18/2019 – 4/18/2029 Wall Street Journal U.S. Prime Rate + 2.750 % 212,893 229,007 U.S. Small Business Administration $ 350,000 (e) 5/30/2020 – 5/30/2050 3.750 % 350,000 350,000 Aggregate outstanding principal balances 1,926,601 2,160,373 Less: unamortized debt issuance costs (14,303 ) (18,238 ) Less: current portion (508,729 ) (371,783 ) Non-current portion $ 1,403,569 $ 1,770,352 (b) These debts are guaranteed by Sumitaka Yamamoto, the Company’s CEO and major shareholder. (c) These debts are guaranteed by Tokyo Credit Guarantee Association, and the Company has paid guarantee expenses for these debts. (d) The bond is guaranteed by Resona Bank, Limited. (e) These debts are guaranteed by Prakash Sadasivam, CEO of Sigmaways and CSO of the Company, and secured by all assets of Sigmaways.
SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS	As of June 30, 2024, future minimum principal payments for long-term debts are as follows: SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS Principal Year Ended December 31, Payment Remaining of 2024 $ 260,702 2025 404,497 2026 360,339 2027 386,977 2028 177,502 Thereafter 336,584 Total $ 1,926,601

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF INCOME TAX EXPENSES	For the six months ended June 30, 2024 and 2023, the Company’s income tax expense (benefit) are as follows: SCHEDULE OF INCOME TAX EXPENSES 2024 2023 For the Six Months Ended June 30, 2024 2023 Current $ 1,201 $ 114,686 Deferred (153,531 ) (75,240 ) Income tax expense (benefit) $ (152,330 ) $ 39,446

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF STOCK OPTION ACTIVITY	The following table summarizes the stock options activity and related information for the six months ended June 30, 2024 and 2023: SCHEDULE OF STOCK OPTION ACTIVITY Number of Weighted Weighted Intrinsic As of January 1, 2023 1,466,500 $ 2.50 8.94 $ - Granted 100,000 1.17 9.61 - Exercised -         - - - Forfeited (2,000 ) 2.50 - - As of June 30, 2023 1,564,500 $ 2.42 8.52 $ 26,000 As of January 1, 2024 1,547,000 $ 2.41 8.01 $ - Granted - - - - Exercised - - - - Forfeited (35,000 ) 2.42 - - As of June 30, 2024 1,512,000 $ 2.41 7.51 $ - Vested and exercisable as of June 30, 2024 813,250 $ 2.34 7.53 $ -
SCHEDULE OF RESTRICTED STOCK UNITS	The following table summarizes the RSUs activity for the six months ended June 30, 2024 and 2023: SCHEDULE OF RESTRICTED STOCK UNITS Number of Weighted Average Unvested as of January 1, 2023 85,820 $ 4.95 Granted 671,350 1.03 Vested (692,804 ) 1.15 Forfeited - - Unvested as of June 30, 2023 64,366 $ 4.95 Unvested as of January 1, 2024 64,366 $ 4.95 Granted - - Vested (21,454 ) 4.95 Forfeited - - Unvested as of June 30, 2024 42,912 $ 4.95

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
Net income (loss) per common share attributable to HeartCore Enterprises, Inc.
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE	The computation of basic and diluted net income (loss) per share for the three and six months ended June 30, 2024 and 2023 is as follows: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE 2024 2023 2024 2023 For the Three Months For the Six Months 2024 2023 2024 2023 Net income (loss) per share - basic and diluted Numerator Net income (loss) attributable to HeartCore Enterprises, Inc. common shareholders $ (1,951,100 ) $ (911,800 ) $ (3,284,450 ) $ 970,489 Denominator Weighted average number of common shares outstanding used in calculating net income (loss) per share 20,864,144 20,842,690 20,859,429 19,959,333 Net income (loss) per share - basic and diluted $ (0.09 ) $ (0.04 ) $ (0.16 ) $ 0.05

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
SCHEDULE OF BUSINESS PURCHASE PRICE ALLOCATION	The purchase price is allocated on the acquisition date as follows: SCHEDULE OF BUSINESS PURCHASE PRICE ALLOCATION Amount Current assets $ 2,066,683 Acquired intangible asset 5,100,000 Non-current assets 47,979 Current liabilities (1,146,900 ) Deferred tax liabilities (1,428,000 ) Non-current liabilities (576,203 ) Goodwill 3,276,441 Non-controlling interest (3,190,000 ) Total purchase consideration $ 4,150,000

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - shares	Jul. 16, 2021	Jun. 30, 2024	Dec. 31, 2023	Nov. 30, 2023	Sep. 06, 2022	Feb. 24, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued		20,864,144	20,842,690
Remaining shares		20,864,144	20,842,690
Heart Core Luvina [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Equity interest owned				51%
Share Exchange Agreement [Member] | HeartCore Japan [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period, shares	15,999,994
Conversion of stock, shares converted	10,706
Common stock, shares issued	10,984
Equity interest owned	97.50%
Remaining shares						278
Sigmaways Agreement [Member] | Sigmaways Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Equity interest owned					51%

SCHEDULE OF CHANGES IN ASSET RE

SCHEDULE OF CHANGES IN ASSET RETIREMENT OBLIGATIONS (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Beginning balance	$ 208,732	$ 138,018
Liabilities incurred		83,821
Accretion expense	176	428
Liabilities settled	(3,779)
Foreign currency translation adjustment	(19,765)	(13,535)
Ending balance	$ 185,364	$ 208,732

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Product Information [Line Items]
Total revenues	$ 4,066,388	$ 5,095,373	$ 9,113,120	$ 13,829,523
On-Premise Software [Member]
Product Information [Line Items]
Total revenues	575,424	704,268	1,654,160	1,061,189
Maintenance and Support Services [Member]
Product Information [Line Items]
Total revenues	549,284	874,725	1,177,048	1,576,199
Software as a Service (SaaS) [Member]
Product Information [Line Items]
Total revenues	152,248	177,529	291,948	348,573
Software Development and Other Miscellaneous Services [Member]
Product Information [Line Items]
Total revenues	516,561	406,455	964,019	1,086,796
Customised Software Development and Services [Member]
Product Information [Line Items]
Total revenues	2,122,059	2,294,953	4,299,652	3,926,572
Consulting Services [Member]
Product Information [Line Items]
Total revenues	150,812	637,443	726,293	5,830,194
Customer Experience Management Platform [Member]
Product Information [Line Items]
Total revenues	1,420,584	1,725,872	3,480,173	3,292,309
Process Mining [Member]
Product Information [Line Items]
Total revenues	101,307	188,555	174,462	290,756
Robotic Process Automation [Member]
Product Information [Line Items]
Total revenues	102,373	127,283	158,564	213,469
Task Mining [Member]
Product Information [Line Items]
Total revenues	107,362	95,679	153,220	202,767
Others [Member]
Product Information [Line Items]
Total revenues	$ 61,891	$ 25,588	$ 120,756	$ 73,456

SCHEDULE OF ASSETS MEASURED AT

SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Platform Operator, Crypto Asset [Line Items]
Investments in marketable securities	$ 435,498	$ 642,348	$ 1,028,846
Long-term investment in warrants	543,120	2,004,308
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Investments in marketable securities	435,498	642,348
Long-term investment in warrants
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Investments in marketable securities
Long-term investment in warrants
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Investments in marketable securities
Long-term investment in warrants	$ 543,120	$ 2,004,308

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Product Information [Line Items]
Increase decrease in prepaid expense	$ 102,028	$ (158,110)	$ (1,245)
Increase decrease in other operating liabilities	60,658	558,667	116,382
Operating activities overstated	1,640,000	(1,460,744)	(1,368,562)
[custom:NetProceedsFromSaleOfWarrants]	1,640,000	(5,640,000)
Investing activities understated	1,640,000	5,271,823	(1,181,646)
Software development costs		$ 200,402	119,232
Finite lived intangible assets useful life		8 years
Description of revenue recognition		Revenues amount represents the invoiced value, net of a value-added tax (“Consumption Tax”) and applicable local government levies. The Consumption Tax on sales are calculated at 10% of gross sales in Japan and Vietnam, 5% of gross sales in Canada, 21% of gross sales in Netherlands and nil of gross sales in the United States.
Deferred revenue for service		$ 1,500,000	$ 1,300,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Product Information [Line Items]
Concentration risk percentage		13.70%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Product Information [Line Items]
Concentration risk percentage			18.20%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Product Information [Line Items]
Concentration risk percentage			12.80%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Product Information [Line Items]
Concentration risk percentage			11.80%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Vendor A [Member]
Product Information [Line Items]
Concentration risk percentage			60.90%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Vendor B [Member]
Product Information [Line Items]
Concentration risk percentage			22.70%
Previously Reported [Member]
Product Information [Line Items]
Increase decrease in prepaid expense	(3,257,972)
Increase decrease in other operating liabilities	$ 5,060,658

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE NET (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, gross	$ 3,081,069	$ 2,623,682
Less: allowance for credit losses
Total accounts receivable	3,081,069	2,623,682
Less: current portion	(2,440,872)	(2,623,682)
Accounts receivable, non-current	640,197
Non-Factored [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, gross	2,760,310	2,060,915
Factored With Recourse [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable, gross	$ 320,759	$ 562,767

SCHEDULE OF PREPAID EXPENSES (D

SCHEDULE OF PREPAID EXPENSES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments to software and consulting services vendors	$ 189,168	$ 199,376
Prepaid marketing and consulting fees	34,269	92,546
Prepaid subscription fees	49,080	95,971
Prepaid insurance premium	152,678	72,668
Referral fee paid in advance	3,360,000
Others	92,259	76,304
Total	$ 3,877,454	$ 536,865

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Loan receivable balance	$ 100,000		$ 100,000
Sumitaka Yamamoto [Member]
Related Party Transaction [Line Items]
Other receivables	140		1,476
Operating costs and expenses	1,246	$ 4,214
Heartcore Technology Inc [Member]
Related Party Transaction [Line Items]
Loan receivable balance	$ 185,769		227,704
Related party annual interest rate	1.475%
Proceeds from repayment of debt related party	$ 21,166	$ 23,715
Luvina Software Joint Stock Company Limited [Member]
Related Party Transaction [Line Items]
Payments to Develop Software	31,590
Related Party [Member]
Related Party Transaction [Line Items]
Accounts payable and accrued expenses - related party	$ 21,579

SCHEDULE OF INVESTMENT IN WARRA

SCHEDULE OF INVESTMENT IN WARRANTS ACTIVITY (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair value of investment in warrants at beginning of the period			$ 2,004,308
Warrants received as noncash consideration				$ (4,009,335)
Changes in fair value of investment in warrants	$ 558,820	$ 27,258	1,237,707	(166,107)
Warrants converted to marketable securities			223,481	1,257,868
Fair value of investment in warrants at end of the period	543,120		543,120
Warrant [Member]
Fair value of investment in warrants at beginning of the period			2,004,308
Warrants received as noncash consideration				4,009,335
Changes in fair value of investment in warrants			(1,237,707)	166,107
Warrants converted to marketable securities			223,481	(1,257,868)
Fair value of investment in warrants at end of the period	$ 543,120	$ 2,917,574	$ 543,120	$ 2,917,574

SCHEDULE OF INVESTMENTS IN MARK

SCHEDULE OF INVESTMENTS IN MARKETABLE SECURITIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, All Other Investments [Abstract]
Fair value of investments in marketable securities at beginning of the period			$ 642,348
Warrants converted to marketable securities			223,481	1,257,868
Changes in fair value of investments in marketable securities	$ (196,249)	$ (229,022)	(430,331)	(229,022)
Marketable securities sold
Fair value of investments in marketable securities at end of the period	$ 435,498	$ 1,028,846	$ 435,498	$ 1,028,846

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative) - USD ($)	Apr. 17, 2024	Jul. 27, 2023	May 02, 2023	Jun. 30, 2024	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Long-term investment in SAFE				$ 350,000
Promissory Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payable			$ 300,000
Interest rate			8%
Debt instrument maturity description			1) the date of the closing of capital-raising transactions in the amount of $300,000 or more consummated by the promissory note issuer, 2) the date on which the promissory note issuer completes its initial public offering on the Nasdaq Capital Market or New York Stock Exchange, or 3) 180 days following the note issuance. The interest rate would be 12% per annum for any amount that is unpaid when due.
Variable interest rate			12%
SAFE Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Long-term investment in SAFE	$ 350,000			$ 350,000
Discount rate for price per share issued	15%
Proceeds from investment in SAFE	$ 350,000
Note Exchange Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt conversion shares issued		600,000

LONG-TERM NOTE RECEIVABLE (Deta

LONG-TERM NOTE RECEIVABLE (Details Narrative) - Promissory Note [Member]	Sep. 01, 2023 USD ($)
Short-Term Debt [Line Items]
Receivables	$ 300,000
Receivables interest rate	4%
Maturity date	Sep. 02, 2026
Interest rate	10%

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT NET (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Subtotal	$ 1,309,938	$ 1,443,447
Less: accumulated depreciation	(669,151)	(679,717)
Property and equipment, net	640,787	763,730
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Subtotal	444,237	496,810
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	648,113	706,145
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Subtotal	81,301	89,859
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Subtotal	$ 136,287	$ 150,633

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 56,196	$ 40,472

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Customer relationship	$ 5,100,000	$ 5,100,000
Less: accumulated amortization	(903,125)	(584,375)
Intangible asset, net	$ 4,196,875	$ 4,515,625

SCHEDULE OF AMORTIZATION INTANG

SCHEDULE OF AMORTIZATION INTANGIBLE ASSET (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining of 2024	$ 318,750
2025	637,500
2026	637,500
2027	637,500
2028	637,500
Thereafter	1,328,125
Intangible asset, net	$ 4,196,875	$ 4,515,625

INTANGIBLE ASSET, NET (Details

INTANGIBLE ASSET, NET (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 318,750	$ 265,625

SCHEDULE OF LEASE COSTS (Detail

SCHEDULE OF LEASE COSTS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases
Amortization of right-of-use assets	$ 8,733	$ 10,902
Interest on lease liabilities	499	86
Total finance lease costs	9,232	10,988
Operating lease costs	198,701	176,809
Total lease costs	$ 207,933	$ 187,797

SCHEDULE OF SUPPLEMENTAL INFORM

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO COMPANY’S LEASES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases
Operating cash flows from finance leases	$ 499	$ 86
Operating cash flows from operating leases	206,648	164,317
Financing cash flows from finance leases	8,526	11,243
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 125,735
Weighted average remaining lease term (years) Finance leases	4 years 3 months 18 days	3 months 18 days
Weighted average remaining lease term (years) Operating leases	7 years 2 months 12 days	8 years 8 months 12 days
Weighted-average discount rate: (per annum) Finance leases	1.32%	1.32%
Weighted-average discount rate: (per annum) Operating leases	1.37%	1.32%

SCHEDULE OF FINANCE LEASE AND O

SCHEDULE OF FINANCE LEASE AND OPERATING LEASE FUTURE MATURITY OF LEASE LIABILITIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Finance Lease, Liability [Abstract]
Remaining of 2024	$ 8,394
2025	16,787
2026	16,787
2027	16,787
2028	11,192
Thereafter
Total lease payments	69,947
Less: imputed interest	(1,900)
Total lease liabilities	68,047
Less: current portion	(15,992)	$ (17,445)
Non-current lease liabilities	52,055	66,779
Operating Lease, Liability [Abstract]
Remaining of 2024	198,991
2025	373,470
2026	303,852
2027	261,809
2028	261,809
Thereafter	870,248
Total lease payments	2,270,179
Less: imputed interest	(106,835)
Total lease liabilities	2,163,344
Less: current portion	(358,377)	(396,535)
Non-current lease liabilities	$ 1,804,967	$ 2,135,160

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Impairment Effects on Earnings Per Share [Line Items]
Security deposits	$ 310,833	$ 348,428
Property, Plant and Equipment [Member]
Impairment Effects on Earnings Per Share [Line Items]
Finance lease right of use asset	$ 69,106	$ 85,613

SCHEDULE OF OTHER CURRENT LIABI

SCHEDULE OF OTHER CURRENT LIABILITIES (Details) - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Accrued consumption taxes		$ 203,070	$ 143,702
Advance received for warrants sale	[1]	9,000,000
Others		57,942	72,703
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total other current liabilities		$ 9,261,012	$ 216,405
[1]On February 29, 2024, the Company entered into a warrants transfer agreement with a non-related company to sell partial of the warrants it received from a customer (“Consulting Customer”) as noncash consideration from consulting services for $ 9,000,000 in cash. The Company received $ 9,000,000 during the six months ended June 30, 2024 and recorded it in other current liabilities as the warrants to be transferred are exercisable upon its Consulting Customer’s consummation of the Merger with a special purpose acquisition company or the occurrence of other fundamental events defined in the warrant agreement it had with the Consulting Customer.

SCHEDULE OF OTHER CURRENT LIA_2

SCHEDULE OF OTHER CURRENT LIABILITIES (Details) (Parenthetical) - USD ($)		6 Months Ended
	Feb. 29, 2024	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Non cash consideration from consulting services	$ 9,000,000
Proceeds from warrants exercise		$ 9,000,000

SCHEDULE OF OTHER NON-CURRENT L

SCHEDULE OF OTHER NON-CURRENT LIABILITIES (Details) - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Asset retirement obligations		$ 185,364	$ 208,732
Customer refund liability	[1]	500,000
Total other non-current liabilities		$ 685,364	$ 208,732
[1]On June 28, 2024, the Company entered into a settlement agreement with a customer, pursuant to which the consulting service agreement with the customer was terminated and the Company will refund $ 500,000

SCHEDULE OF OTHER NON-CURRENT_2

SCHEDULE OF OTHER NON-CURRENT LIABILITIES (Details) (Parenthetical)	Jun. 28, 2024 USD ($)
Other Liabilities Disclosure [Abstract]
Refund amount	$ 500,000

FACTORING LIABILITY (Details Na

FACTORING LIABILITY (Details Narrative) - Factoring Agreement [Member] - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Accounts receivable purchase	$ 850,000
Percentage of face value of accounts receivable received by wire transfer	90%
Borrowed and outstanding	$ 320,759		$ 562,767
Interest expense	$ 30,786	$ 41,611

INSURANCE PREMIUM FINANCING (De

INSURANCE PREMIUM FINANCING (Details Narrative) - USD ($)	1 Months Ended		6 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Statutory Accounting Practices [Line Items]
Insurance premium financing			$ 112,488
Interest expenses related to insurance premium financing			$ 7,044	$ 18,033
Insurance Premium Financing Agreement [Member] | Bank Direct Capital Finance [Member]
Statutory Accounting Practices [Line Items]
Insurance premium financing	$ 172,689	$ 389,035
Interest rate percentage	13.90%	16.04%
Payment terms	eleven months from February 1, 2024, payable in eleven monthly installments of principal and interest.	ten months from February 1, 2023, payable in ten monthly installments of principal and interest.

SCHEDULE OF SHORT-TERM DEBTS (D

SCHEDULE OF SHORT-TERM DEBTS (Details)		6 Months Ended
		Jun. 30, 2024 JPY (¥)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Short-term debt				$ 135,937
Biz Forward Co Ltd [Member]
Original amount borrowed | ¥	[1]	¥ 19,280,001
Loan duration		12/26/2023 – 1/31/2024
Annual interest rate		36.84%
Short-term debt				$ 135,937
[1]The loan is secured by accounts receivable of HeartCore Japan in the amount of JPY 23,882,562

SCHEDULE OF SHORT-TERM DEBTS _2

SCHEDULE OF SHORT-TERM DEBTS (Details) (Parenthetical)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 JPY (¥)	Dec. 31, 2023 USD ($)
Original amount borrowed | $	$ 2,440,872		$ 2,623,682
HeartCore Japan [Member]
Original amount borrowed | ¥		¥ 23,882,562

SCHEDULE OF LONG-TERM DEBTS (De

SCHEDULE OF LONG-TERM DEBTS (Details)		6 Months Ended
		Jun. 30, 2024 JPY (¥)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Schedule of Investments [Line Items]
Long-Term Debt			$ 1,926,601	$ 2,160,373
Unamortized Debt Issuance Expense			(14,303)	(18,238)
Long-Term Debt, Current Maturities			(508,729)	(371,783)
Long-Term Debt, Excluding Current Maturities			1,403,569	1,770,352
Resona Bank Limited [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		12/29/2017 – 12/29/2024
Debt Instrument, Interest Rate During Period		0.675%
Original Amount Borrowed | ¥	[1],[2]	¥ 50,000,000
Long-Term Debt			49,470	54,678
Resona Bank, Limited One [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		9/30/2020 – 9/30/2027
Debt Instrument, Interest Rate During Period		1%
Original Amount Borrowed | ¥	[1],[2]	¥ 10,000,000
Long-Term Debt			34,945	38,624
Resona Bank, Limited Two [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		9/30/2020 – 9/30/2027
Debt Instrument, Interest Rate During Period		1%
Original Amount Borrowed | ¥	[1],[2]	¥ 40,000,000
Long-Term Debt			139,781	154,495
Resona Bank, Limited Three [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		11/13/2020 – 10/31/2027
Debt Instrument, Interest Rate During Period		1.60%
Original Amount Borrowed | ¥	[1],[2]	¥ 20,000,000
Long-Term Debt			71,408	78,925
Sumitomo Mitsui Banking Corporation [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		12/28/2018 – 7/1/2024
Debt Instrument, Interest Rate During Period		1.475%
Original Amount Borrowed | ¥	[1]	¥ 100,000,000
Long-Term Debt			10,507	11,612
Sumitomo Mitsui Banking Corporation One [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		12/30/2019 – 12/30/2026
Debt Instrument, Interest Rate During Period		1.975%
Original Amount Borrowed | ¥	[1],[2]	¥ 10,000,000
Long-Term Debt			28,113	31,072
Sumitomo Mitsui Banking Corporation Two [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		10/4/2023 – 9/30/2028
Debt Instrument, Interest Rate During Period		0.60%
Original Amount Borrowed | ¥	[1],[2]	¥ 10,000,000
Long-Term Debt			61,661	68,152
Sumitomo Mitsui Banking Corporation Three [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		10/4/2023 – 9/30/2028
Debt Instrument, Interest Rate During Period		0%
Original Amount Borrowed | ¥	[1],[2]	¥ 10,000,000
Long-Term Debt			61,661	68,152
The Shoko Chukin Bank, Ltd [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		7/27/2020 – 6/30/2027
Debt Instrument, Interest Rate During Period		1.29%
Original Amount Borrowed | ¥	[1],[2]	¥ 50,000,000
Long-Term Debt			165,859	183,319
The Shoko Chukin Bank, Ltd One [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		7/25/2023 – 6/30/2028
Debt Instrument, Interest Rate During Period		1.95%
Original Amount Borrowed | ¥	[1],[2]	¥ 30,000,000
Long-Term Debt			175,108	197,137
Japan Finance Corporation [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		11/17/2020 – 11/30/2027
Debt Instrument, Interest Rate During Period		0.21%
Original Amount Borrowed | ¥	[1],[2]	¥ 80,000,000
Long-Term Debt			295,994	327,152
Higashi Nippon Bank [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		3/31/2022 – 3/31/2025
Debt Instrument, Interest Rate During Period		1.40%
Original Amount Borrowed | ¥	[1]	¥ 30,000,000
Long-Term Debt			84,205	93,070
Higashi Nippon Bank One [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		10/11/2023 – 9/30/2028
Debt Instrument, Interest Rate During Period		1.45%
Original Amount Borrowed | ¥	[1],[2]	¥ 30,000,000
Long-Term Debt			184,996	204,471
First Home Bank [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		4/18/2019 – 4/18/2029
Debt Instrument, Interest Rate During Period		2.75%
Original Amount Borrowed | ¥	[3]	¥ 350,000
Long-Term Debt			212,893	229,007
U.S. Small Business Administration [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		5/30/2020 – 5/30/2050
Debt Instrument, Interest Rate During Period		3.75%
Original Amount Borrowed | ¥	[3]	¥ 350,000
Long-Term Debt			350,000	350,000
Corporate Bond Securities [Member] | Resona Bank Limited [Member]
Schedule of Investments [Line Items]
Debt Instrument, Maturity Date, Description		1/10/2019 – 1/10/2024
Debt Instrument, Interest Rate During Period		0.43%
Original Amount Borrowed | ¥	[1],[4]	¥ 100,000,000
Long-Term Debt				$ 70,507
[1]These debts are guaranteed by Sumitaka Yamamoto, the Company’s CEO and major shareholder.[2]These debts are guaranteed by Tokyo Credit Guarantee Association, and the Company has paid guarantee expenses for these debts.[3]These debts are guaranteed by Prakash Sadasivam, CEO of Sigmaways and CSO of the Company, and secured by all assets of Sigmaways.[4]The bond is guaranteed by Resona Bank, Limited.

SCHEDULE OF FUTURE MINIMUM LOAN

SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Remaining of 2024	$ 260,702
2025	404,497
2026	360,339
2027	386,977
2028	177,502
Thereafter	336,584
Total	$ 1,926,601	$ 2,160,373

DEBTS (Details Narrative)

DEBTS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Debt Disclosure [Abstract]
Interest expense, short term	$ 2,929
Interest expense, long term	$ 32,942	$ 22,810

SCHEDULE OF INCOME TAX EXPENSES

SCHEDULE OF INCOME TAX EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Current			$ 1,201	$ 114,686
Deferred			(153,531)	(75,240)
Income tax expense (benefit)	$ (72,163)	$ (622,002)	$ (152,330)	$ 39,446

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Effective Income Tax Rate Reconciliation [Line Items]
Effective tax rate	3.97%	4.78%
NETHERLANDS
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	25.80%
NETHERLANDS | First EUR 200,000 [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	19%
CANADA
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	15%
CANADA | Minimum [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	2%
CANADA | Maximum [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	12%
CANADA | Part I Tax [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	38%
CANADA | Tax Abatement [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	28%
VIET NAM
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	20%
JAPAN
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	34.59%	34.59%
Domestic Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective statutory rate	21%

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITY (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Number of Options balance	1,547,000	1,466,500	1,466,500
Weighted Average Exercise Price, balance	$ 2.41	$ 2.50	$ 2.50
Weighted Average Remaining Term (Years)	7 years 6 months 3 days	8 years 6 months 7 days	8 years 3 days	8 years 11 months 8 days
Intrinsic Value
Number of Options, Granted		100,000
Weighted Average Exercise Price, Granted		$ 1.17
Weighted Average Remaining Term (Years), Granted		9 years 7 months 9 days
Number of Options, Exercised
Weighted Average Exercise Price, Exercised
Intrinsic Value, Exercised
Number of Options, Forfeited	(35,000)	(2,000)
Weighted Average Exercise Price, Forfeited	$ 2.42	$ 2.50
Number of Options balance	1,512,000	1,564,500	1,547,000	1,466,500
Weighted Average Exercise Price, balance	$ 2.41	$ 2.42	$ 2.41	$ 2.50
Intrinsic Value		$ 26,000
Number of Options, Vested and exercisable, balance	813,250
Weighted Average Exercise Price, Vested and exercisable, balance	$ 2.34
Weighted Average Remaining Term (Years), Vested and exercisable, balance	7 years 6 months 10 days
Intrinsic Value, Vested and exercisable

SCHEDULE OF RESTRICTED STOCK UN

SCHEDULE OF RESTRICTED STOCK UNITS (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of RSUs, Unvested balance	64,366	85,820
Weighted Average Grant Date Fair Value per Share, balance	$ 4.95	$ 4.95
Number of RSUs, Unvested balance		671,350
Weighted Average Grant Date Fair Value per Share, balance		$ 1.03
Number of RSUs, Unvested balance	(21,454)	(692,804)
Weighted Average Grant Date Fair Value per Share, balance	$ 4.95	$ 1.15
Number of RSUs, Unvested balance
Weighted Average Grant Date Fair Value per Share, balance
Number of RSUs, Unvested balance	42,912	64,366
Weighted Average Grant Date Fair Value per Share, balance	$ 4.95	$ 4.95

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details Narrative) - USD ($)			3 Months Ended		6 Months Ended
	Mar. 22, 2023	Feb. 03, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Aug. 01, 2023	Aug. 06, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of option purchased						100,000
Service Agreement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock issued	671,350
RSUs grant date fair value	$ 691,491
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Allocated share base compensation			$ 40,597	$ 150,481	$ 111,044	$ 334,816
Unamortized share based compensation			266,230		266,230
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Allocated share base compensation			15,445	$ 28,684	36,710	$ 759,577
Unamortized share based compensation			$ 64,400		$ 64,400
Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of option purchased		100,000
Shares Issued, Price Per Share		$ 1.17
Share-based payment award, award vesting rights, percentage		50%
Share-based payment award, expiration date		Feb. 03, 2033
2021 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation authorized								2,400,000
2023 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation authorized							2,000,000
Share issued			0		0

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) $ / shares in Units, ₫ in Millions						1 Months Ended	3 Months Ended
	May 03, 2024 USD ($)	Feb. 16, 2024 USD ($)	Feb. 16, 2024 VND (₫)	Feb. 01, 2023 USD ($) shares	Sep. 06, 2022 USD ($) shares	Nov. 30, 2023	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 shares	Mar. 29, 2024 $ / shares	Dec. 31, 2023 shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, fair value | $								$ 3,150,000
Capital contribution from non-controlling shareholder | $							$ 67,195
Dividends | $	$ 417,283
Common stock, shares issued									20,864,144		20,842,690
Common stock, shares outstanding									20,864,144		20,842,690
Preferred stock, shares issued									0		0
Preferred stock, shares outstanding									0		0
O2024Q2 Dividends [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, dividends declared per share | $ / shares										$ 0.02
VIET NAM
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Subsidiary owned, percentage						51%
Capital contribution from non-controlling shareholder		$ 67,195	₫ 1,646.4
Sigmaways Agreement [Member] | Sigamaways Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Acquisition, shares				2,500,000	2,500,000
Business acquisition percentage of voting interests acquired				51%	51%
Shares, fair value | $				$ 3,150,000	$ 3,150,000

SCHEDULE OF COMPUTATION OF BASI

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net income (loss) per common share attributable to HeartCore Enterprises, Inc.
Net income (loss) attributable to HeartCore Enterprises, Inc. common shareholders	$ (1,951,100)	$ (911,800)	$ (3,284,450)	$ 970,489
Denominator used for net income (loss) per share - Basic	20,864,144	20,842,690	20,859,429	19,959,333
Denominator used for net income (loss) per share - Diluted	20,864,144	20,842,690	20,859,429	19,959,333
Net income (loss) per share - basic	$ (0.09)	$ (0.04)	$ (0.16)	$ 0.05
Net income (loss) per share - diluted	$ (0.09)	$ (0.04)	$ (0.16)	$ 0.05

SCHEDULE OF BUSINESS PURCHASE P

SCHEDULE OF BUSINESS PURCHASE PRICE ALLOCATION (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Sep. 06, 2022
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Current assets			$ 2,066,683
Acquired intangible asset			5,100,000
Non-current assets			47,979
Current liabilities			(1,146,900)
Deferred tax liabilities			(1,428,000)
Non-current liabilities			(576,203)
Goodwill	$ 3,276,441	$ 3,276,441	3,276,441
Non-controlling interest			(3,190,000)
Total purchase consideration			$ 4,150,000

BUSINESS COMBINATION (Details N

BUSINESS COMBINATION (Details Narrative) - USD ($)			3 Months Ended
	Feb. 01, 2023	Sep. 06, 2022	Mar. 31, 2023
Business Acquisition [Line Items]
Shares, fair value			$ 3,150,000
Sigmaways Agreement [Member] | Sigamaways Inc [Member]
Business Acquisition [Line Items]
Business acquisition percentage of voting interests acquired	51%	51%
Purchase combination consideration		$ 4,150,000
Purchase consideration, cash		$ 1,000,000
Acquisition, shares	2,500,000	2,500,000
Shares, fair value	$ 3,150,000	$ 3,150,000

SUBSEQUENT EVENT (Details Narra

SUBSEQUENT EVENT (Details Narrative)	Jul. 22, 2024 $ / shares
Board Of Directors [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend decleard per share	$ 0.02