Global Interactive (GITS) 10-K 15 Jul 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Jul. 15, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	Hanryu Holdings, Inc
Entity Central Index Key	0001911545
Entity File Number	001-41763
Entity Tax Identification Number	88-1368281
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Public Float			$ 0
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	160, Yeouiseo-ro
Entity Address, Address Line Two	Yeongdeungpo-Gu
Entity Address, City or Town	Seoul
Entity Address, Country	KR
Entity Address, Postal Zip Code	07231
Entity Phone Fax Numbers [Line Items]
City Area Code	+82
Local Phone Number	2-564-8588
Entity Listings [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	HRYU
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		52,808,589

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor [Table]
Auditor Name	Onestop Assurance PAC
Auditor Firm ID	6732
Auditor Location	Singapore

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and Cash Equivalents		$ 5,427,830	$ 118,262
Short-term loans receivable		3,789,900	513,356
Accounts receivable, net of allowance		324,413	36
Non-trade receivables		171,892	1,848,740
Prepaid expenses and other receivable		7,903,035	360,518
Current assets, discontinued operations			269,067
Total current assets		17,617,070	3,109,979
PROPERTY PLANT AND EQUIPMENT, NET		629,185	253,090
OPERATING LEASE RIGHT-OF-USE ASSET		1,918,966	2,212,754
OTHER ASSETS		379,735	502,478
Total Assets		20,544,956	6,078,301
CURRENT LIABILITIES:
Short-term loans payable		1,589,887	722,797
Short-term loans payable from related parties			259,593
Non-trade accounts payable		2,312,669	1,840,269
Bonds with warrants, net		3,489,995
Accrued expenses and other current liabilities		83,940	65,678
Current liabilities, discontinued operations			979,623
Total current liabilities		7,476,491	3,867,960
BONDS WITH WARRANTS, NET			3,550,856
Total Liabilities		7,476,491	7,418,816
Commitments and contingencies (Note 16)
STOCKHOLDER’SDEFICIT:
Common Stock, $0.001 par value Authorized 110,000,000 (common:100,000,000, preferred:10,000,000) shares; Issued and outstanding 52,808,589 common shares and 45,416,942 common shares as of December 31, 2023 and December 31, 2022	[1]	52,809	45,417
Additional paid-in capital	[1]	51,415,476	27,578,666
Accumulated deficit		(38,893,762)	(29,607,852)
Accumulated other comprehensive income		493,942	879,420
Equity(Deficit) attributable to equity holder of the Company		13,068,465	(1,104,349)
Non-controlling interests			(236,166)
Total Stockholders’ Equity(Deficit)		13,068,465	(1,340,515)
Total Liabilities and Stockholders’ Deficit		$ 20,544,956	$ 6,078,301
[1] Retrospectively restated for effect of Change In Capital Structure

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares		Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	[1]	$ 0.001	$ 0.001
Common stock, shares authorized	[1]	110,000,000	110,000,000
Common stock, shares issued	[1]	52,808,589	45,416,942
Common stock, shares outstanding	[1]	52,808,589	45,416,942
Common stock, common shares	[1]	100,000,000	100,000,000
Common Stock, preferred shares	[1]	10,000,000	10,000,000
[1] Retrospectively restated for effect of Change In Capital Structure

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Sales	$ 794,166	$ 428,187
Cost of Revenue	68,592
Gross profit	725,574	428,187
Operating cost and expenses	(11,253,419)	(5,849,712)
Loss from operations	(10,527,845)	(5,421,525)
OTHER INCOME (EXPENSE):
Gain on exemption of debt		232,207
Gain on disposal of subsidiary, net	3,390,323
Loss on sale of investments, net		(6,794)
Interest income (expense), net	61,200	(8,931)
Gain on foreign currency transactions	129,908	650
Bad-debt expense of other assets	(1,189,511)
Other expense, net	(56,058)	302
Net other income	2,335,862	217,434
Net Loss from continuing operations before taxes	(8,191,983)	(5,204,091)
Income tax expense
Net loss from continuing operations	(8,191,983)	(5,204,091)
Discontinued operations:
Loss from discontinued operations	(1,215,652)	(1,182,412)
Income tax benefit
Loss from discontinued operation	(1,215,652)	(1,182,412)
Net Loss	(9,407,635)	(6,386,503)
Less net loss attributable to non-controlling interest	(121,725)	(146,256)
Net Loss attributable to equity holders of the Company	(9,285,910)	(6,240,247)
Net Loss	$ (9,407,635)	$ (6,386,503)
Basic net loss per share:
Loss from continuing operations (in Dollars per share)	$ (0.13)	$ (0.12)
Loss from discontinued operations (in Dollars per share)	(0.02)	(0.02)
Total basic net loss per share (in Dollars per share)	(0.15)	(0.14)
Diluted net loss per share
Loss from continuing operations (in Dollars per share)	(0.13)	(0.12)
Loss from discontinued operations (in Dollars per share)	(0.02)	(0.02)
Total diluted net loss per share (in Dollars per share)	$ (0.15)	$ (0.14)
Weighted average number of common shares outstanding:
Basic (in Shares)	60,949,822	42,959,987

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Diluted	60,949,822	42,959,987

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($)		Common Stock $0.42 Per Share by Cash Considerations	Common Stock $1.27 Per Share by Cash Considerations	Common Stock $1.27 Per Share by Non-Cash Consideration	Common Stock	Additional Paid-in and Other Capital $0.42 Per Share by Cash Considerations	Additional Paid-in and Other Capital $1.27 Per Share by Cash Considerations	Additional Paid-in and Other Capital $1.27 Per Share by Non-Cash Consideration	Additional Paid-in and Other Capital	Accumulated Deficit $0.42 Per Share by Cash Considerations	Accumulated Deficit $1.27 Per Share by Cash Considerations	Accumulated Deficit $1.27 Per Share by Non-Cash Consideration	Accumulated Deficit	Accumulated other Comprehensive Gain (Loss) $0.42 Per Share by Cash Considerations	Accumulated other Comprehensive Gain (Loss) $1.27 Per Share by Cash Considerations	Accumulated other Comprehensive Gain (Loss) $1.27 Per Share by Non-Cash Consideration	Accumulated other Comprehensive Gain (Loss)	Non-controlling interests $0.42 Per Share by Cash Considerations	Non-controlling interests $1.27 Per Share by Cash Considerations	Non-controlling interests $1.27 Per Share by Non-Cash Consideration	Non-controlling interests	$0.42 Per Share by Cash Considerations	$1.27 Per Share by Cash Considerations	$1.27 Per Share by Non-Cash Consideration	Total
Balance at Dec. 31, 2021	[1]				$ 41,746				$ 24,942,969				$ (23,367,605)				$ 646,197				$ (97,982)				$ 2,165,325
Balance (in Shares) at Dec. 31, 2021	[1]				41,745,786
Exercise of warrants, net of issuance costs		$ 2,380	$ 791	$ 500		$ 997,220	$ 1,003,977	$ 634,500														$ 999,600	$ 1,004,768	$ 635,000
Exercise of warrants, net of issuance costs (in Shares)		2,380,000	791,156	500,000
Currency translation adjustment																	233,223				8,072				241,295
Net loss													(6,240,247)								(146,256)				(6,386,503)
Balance at Dec. 31, 2022					$ 45,417				27,578,666				(29,607,852)				879,420				(236,166)				$ (1,340,515)
Balance (in Shares) at Dec. 31, 2022					45,416,942																				45,416,942	[2]
Issuance of common stock at $10.00 per share by private placement, net of issuance costs					$ 1,000				9,999,000																$ 10,000,000
Issuance of common stock at $10.00 per share by private placement, net of issuance costs (in Shares)					1,000,000
Issuance of common stock at $10.00 per share by initial public offering, net of issuance costs					$ 877				7,707,140																7,708,017
Issuance of common stock at $10.00 per share by initial public offering, net of issuance costs (in Shares)					877,328
Exercise of warrants, net of issuance costs		$ 1,020	$ 4,185	$ 310		$ 427,380	$ 5,310,624	$ 392,666														$ 428,400	$ 5,314,809	$ 392,976
Exercise of warrants, net of issuance costs (in Shares)		1,020,000	4,184,889	309,430
Currency translation adjustment																	(385,478)				357,891				(27,587)
Net loss													(9,285,910)								(121,725)				(9,407,635)
Balance at Dec. 31, 2023					$ 52,809				$ 51,415,476				$ (38,893,762)				$ 493,942								$ 13,068,465
Balance (in Shares) at Dec. 31, 2023					52,808,589																				52,808,589	[2]
[1] Retrospectively restated for effect of Change in Capital Structure Retrospectively restated for effect of Change In Capital Structure

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Private placement, net of issuance costs	$ 10
Initial public offering, net of issuance costs	10
$0.42 Per Share by Cash Considerations
Exercise of warrants at per share	0.42	$ 0.42
$1.27 Per Share by Cash Considerations
Exercise of warrants at per share	1.27	1.27
$1.27 Per Share by Non-Cash Consideration
Exercise of warrants at per share	$ 1.27	$ 1.27

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations	$ (8,191,983)	$ (5,204,091)
Depreciation	337,435	168,848
Gain on disposal of subsidiary, net	(3,390,323)
Bad-debt expense of other assets	1,189,511
Gain on exemption of debts		(232,207)
Amortization of right-of-use asset	287,487	255,357
Loss on sale of investments		6,794
Changes in operating assets and liabilities:
Accounts receivable	(193)	79,742
Non-trade receivable	935,545	82,317
Prepaid expenses and other current assets	(8,300,910)	(65,351)
Other assets	77,968	41,642
Non-trade payable	2,318,394	1,329,085
Accrued expenses and other current liabilities	19,150	52,115
Net cash used in operating activities of continuing operations	(14,717,919)	(3,485,749)
CASH FLOWS FROM INVESTING ACTIVITIES:
Receipt from collection of short-term loan receivable	4,450,432	730,156
Receipt from collection of long-term loan receivable to related parties	1,241,725
Receipt from collection of long-term loan receivable		1,155,200
Sales of investments		697,395
Payment for short-term loan receivable	(7,673,500)	(1,246,625)
Payment for short-term loan receivable to related parties	(1,279,518)
Purchase of property plant and equipment	(714,409)	(7,024)
Net cash (used in) provided by investing activities of continuing operations	(3,975,270)	1,329,102
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term loan payable	2,301,134	771,083
Proceeds from short-term loan payable from related parties	764,903	749,642
Proceeds from exercising warrants	5,717,827	2,004,368
Proceeds from issuance of common stock	10,000,000
Net proceeds from IPO	7,708,016
Repayment of short-term loan payable	(750,663)	(77,558)
Repayment of short-term loan payable from related parties	(857,490)	(556,924)
Net cash provided by financing activities of continuing operations	24,883,727	2,890,611
Net change in cash – continued operations	6,190,538	733,964
Cash from discontinued operations:
Net cash used in operating activities of discontinued operations	(976,264)	(610,981)
Net cash used in investing activities of discontinued operations	(20,356)	(8,186)
Net cash used in financing activities of discontinued operations	(37,044)	(320,090)
Net change in cash – discontinued operations	(1,033,664)	(939,257)
Cash beginning of the year- continued operations	118,262	152,755
Cash beginning of the year - discontinued operations	696	177,693
Beginning cash	118,958	330,448
Cash end of the year – continued operations	5,427,830	118,262
Cash end of the year - discontinued operations		696
Ending cash	5,427,830	118,958
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,156,874	(205,293)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	151,998	(6,197)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR	118,958	330,448
CASH AND CASH EQUIVALENTS AT END OF THE YEAR	5,427,830	118,958
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash receipt (paid) for interest – all operations	70,122	(8,901)
Less Cash receipt for interest - discontinued operations	4	31
Cash receipt (paid) for interest – continued operations	70,118	(8,932)
Cash receipt (paid) during the period for interest	70,122	(8,901)
Supplemental disclosure of non-cash investing and financing activities:
Offsetting short-term loan payables by exercising warrants to purchase 309,430 common stock	(392,976)
Purchase of investment by exercising warrants to purchase 500,000 shares of common stock		(635,000)
Sale of investment by receiving a non-trade receivable due by February 28, 2023		710,171
Sales of investment by receiving a non-trade receivable due by April 30, 2023		867,987
Total	$ (392,976)	$ 943,158

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Cash Flows [Abstract]
Short-term loan payables purchase common stock	309,430	309,430
Purchase investment warrant shares of common stock	500,000	500,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
NET LOSS	$ (9,407,635)	$ (6,386,503)
Other comprehensive income (loss):
Change in foreign currency translation adjustment	(385,478)	233,223
Change in foreign currency translation adjustment to attributable to noncontrolling interest	357,891	8,072
COMPREHENSIVE LOSS	(9,435,222)	(6,145,208)
Less : Comprehensive Income/(Loss) attributable to noncontrolling interest	(236,166)	(138,184)
Comprehensive Income(Loss) attributable to the Company	$ (9,199,056)	$ (6,007,024)

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Nature of Operations and Basis of Presentation [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	NOTE 1 — NATURE OF OPERATIONS AND BASIS OF PRESENTATION Business Hanryu Holdings, Inc., a Delaware corporation (“ Hanryu Holdings HBC FNS Marine Island Korea ROK Company we us Hanryu K-Culture Corporate History Since the inception of HBC in 2018, we have accomplished a number of key objectives, as follows: Date Event/Milestone October 18, 2018 HBC is incorporated under the laws of the ROK with the idea of creating an all-in-one product to capture the growing global momentum and popularity of K-Culture. October 29, 2020 HBC establishes FNS,and begins the initial stages of designing and implementing a platform that can create a fandom networking system. March 11, 2021 HBC establishes Hanryu Times. Hanryu Times begins operations as HBC’s media outlet, reporting on and providing up-to-date K-Culture news within the FANTOO platform, across a number of languages, including English, Japanese, Chinese (simplified/traditional), Indonesian, Spanish, Russian, and Portuguese. March 31, 2021 HBC consummates an agreement and plan of merger (the “ Merger Agreement RnDeep RnDeep Acquisition Common Shares As a result of the RnDeep Acquisition, HBC acquired the underlying technologies that the Company plans on utilizing in the future development of new functions and integrations within the FANTOO platform. Once the FANTOO platform is ready to integrate the technology acquired, this technology will support new functions and integrations including, without limitation, the Company’s enterprise resource planning solution, and its artificial intelligence (“ AI May 17, 2021 The FANTOO platform is launched and made available to the public. June 30, 2021 HBC enters into an agreement to acquire all the issued and outstanding common shares of Marine Island (the “ Marine Island Acquisition Seoul Marina Sewang KRW Date Event/Milestone August 30, 2021 HBC establishes FANTOO Entertainment. FANTOO Entertainment provides a variety of content to the Company’s FANTOO platform, which contributes to the spread of the Korean Wave by promoting new entertainers and artists. October 3, 2021 HBC consummates the Marine Island Acquisition, making it the owner of 100% of the issued and outstanding common shares of Marine Island. October 3, 2021 HBC consummates a strategic acquisition of 50.8% of the outstanding common shares of K-Commerce. In consideration for the shares of K-Commerce, HBC forgave a short-term loan of $270,530 (KRW 309,600,000) owed to HBC by K-Commerce. HBC’s investment into K-Commerce was a strategic acquisition in order to integrate K-Commerce’s retail platform, “SelloveLive” into the FANTOO ecosystem as the FANTOO Fanshop. When launched as the FANTOO Fanshop, K-Commerce’s platform will offer combined services of shopping and live broadcasting, allowing users to easily live-stream travel and share local attractions, local festivals, cultures, and news from around the world. Prior to HBC’s acquisition of its shares in K-Commerce, K-Commerce was 100% owned by Changhyuk Kang, the Company’s Chief Executive Officer and Donghoon Park, the Company’s Chief Marketing Officer. October 20, 2021 Hanryu Holdings is incorporated in the State of Delaware. February 25, 2022 through May 10, 2022 Hanryu Holdings, HBC, and the shareholders of HBC (the “ HBC Shareholders Share Exchange Agreement Common Stock Share Exchange Concurrently with entering into the Share Exchange Agreement, the Company, HBC, and the holders (the “ HBC Warrantholders HBC Warrants Warrant Exchange The Warrants and Common Shares of HBC transferred to the Company in the Share Exchange and the Warrant Exchange constituted 100% of the outstanding equity securities of HBC. June 16, 2022 June 22, 2022 August 1, 2023 December 28, 2023 Hanryu Holdings, HBC, the HBC Shareholders, and the HBC Warrantholders consummate the Share Exchange and Warrant Exchange concurrently, pursuant to which HBC became a wholly owned subsidiary of the Company, and the HBC Stockholders and HBC Warrantholders, collectively, acquired a controlling interest in the Company. The Company divests itself of all Kingdom Coin (“ KDC Divestiture Agreement KDC Foundation KDC Divestiture The shares of the Company are listed at NASDAQ exchange market. HBC sold owned whole shares of Hanryu Times, Fantoo Entertainment, and K-Commerce, so the business from the three companies became the discontinued operations. Risks and Uncertainties The Company is subject to a number of risks similar to other companies in its industries, including rapid technological change and transitions in Hanryu trends. The extent of the impact of the COVID-19 pandemic on the Company’s business continues to be highly uncertain and difficult to predict, as the responses that the Company, other businesses and governments are taking continue to evolve. Furthermore, capital markets and economies worldwide have also been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause a lasting national and/or global economic recession. Policymakers around the globe have responded with fiscal policy actions to support the entertainment industry and economy as a whole. To date, the Company has experienced significant changes in the business as a result of the COVID-19 pandemic. The impact has delayed the Company’s ability to generate revenue as result of the diversification of potential customer budgets towards the COVID-19 pandemic. The extent to which the COVID-19 pandemic may in the future materially impact the Company’s financial condition, liquidity or results of operations is uncertain. Going Concern The Company has experienced recurring losses from operations and has a stockholders’ equity(deficit) and working capital of $13,068,465 and $10,140,579 respectively, as of December 31, 2023 and $(1,340,515), and $(757,981) as of December 31, 2022. Also, the Company has operating losses of $10,527,845 and $5,421,525 for the years ended December 31, 2023 and December 31, 2022, respectively. These uncertainties raise substantial doubt about the Company’s ability to continue as a going concern for twelve (12) months after the issuance date of these financial statements. The accompanying financial statements have been prepared under the assumption that we will continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of us to continue as a going concern. Our future operations are dependent upon multiple factors, including (i) the success of our FANTOO platform business; (ii) competition from existing and future services from other companies; and (iii) securing new sources of capital to fund operations and develop markets. We will maintain an ongoing effort to improve and innovate FANTOO platform business to generate funds for our operations. For instance, we recently launched FANTOO House which is located in Seoul, and at FANTOO platform, we will launch (i) Epic branded ecommerce platform that we will expect it as a major source of new income, and (ii) dedicated video production operations that will create short episodic content that focuses on K-POP fandom. In addition, we maintain an ongoing effort to raise funds for our operations from current investors and new sources of capital through the issuance of additional common stock and/or short-term notes. However, there can be no assurance as to the outcome of these factors or that future funding efforts will generate sufficient capital to maintain our operations.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES A summary of the significant accounting policies followed by the Company in the preparation of the accompanying consolidated financial statements follows: Principles of Consolidation The consolidated financial statements of the Company include the financial statements of Hanryu Holdings, and its three wholly owned subsidiaries, HBC, FNS, and Marine Island in 2023, and its five wholly owned subsidiaries, HBC, FNS, Hanryu Times, Fantoo Entertainment, and Marine Island and majority-owned subsidiary (50.8%), K-Commerce in 2022. All significant intercompany transactions and balances have been eliminated in consolidation. Non-controlling interests are measured at their proportionate share of the acquiree’s identifiable net assets at the acquisition date. Changes in the consolidated group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. The ownership of non-controlling interests of K-Commerce, out significant consolidated subsidiary as of December 31, 2022, was 49.2%. Since HBC sold owned whole shares of Hanryu Times, Fantoo Entertainment, and K-Commerce, at December 28, 2023, they are not consolidated from December 28, 2024, and N the controlling interests of K-Commerce become $0 Foreign Currency The Company’s functional currency for all operations is the KRW. The Company’s accounting records are maintained in KRW, and translated into U.S. Dollars at year-end for the purposes of presentation. During the translation process, the year-end closing exchange rate is used for the valuation of all assets and liabilities, historical exchange rate is used to value stockholder’s equity, and the average exchange rate for the year is used for the calculation of the consolidated financial statements. The net impact of the translation into the U.S. Dollar is included in the accumulated other comprehensive income (loss) of the Company’s consolidated balance sheet as of December 31, 2023 and December 31, 2022. During the year ended December 31, 2023, there was a fluctuation in the exchange rates ranging from KRW 1,219.30/USD $1 to KRW 1,340.20/USD $1. Also, cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets Use of Estimates The preparation of the Company’s consolidated financial statements and related disclosures in conformity with U.S. Generally Accepted Accounting Principles (“ US GAAP Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. The Company maintains its cash in bank deposit accounts which, at times, may exceed the federal insurance limit, and the balance of deposit accounts of the Company exceed the federal insurance limit as of December 31, 2023. Accounts Receivable Accounts receivables are recorded at the invoiced amount and do not bear interest. Amounts collected on trade accounts receivable are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers’ financial condition in dispute, and the current receivables aging and current payment patterns. The Company reviews its allowance for doubtful accounts quarterly. Past-due balances over 90 days and over a specified amount are reviewed individually for collectability. Account balances are written off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company recorded the allowance of $0 on the accompanying consolidated balance sheets as of December 31, 2023 and December 31, 2022. The Company does not have any off-balance-sheet credit exposure related to its customers. Non-Trade Receivables Non-trade receivables are recorded at the invoiced amount and do not bear interest. Amounts collected on non-trade receivables are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its non-trade receivables portfolio. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers’ financial condition in dispute, and the current receivables aging and current payment patterns. The Company reviews its allowance for doubtful accounts quarterly. Past-due balances over 90 days and over a specified amount are reviewed individually for collectability. Account balances are written off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company recorded the allowance of $0 and $12,941 on the accompanying consolidated balance sheets as of December 31, 2023 and December 31, 2022 respectively. The Company does not have any off-balance-sheet credit exposure related to its customers. Revenue Recognition The Company anticipates generating revenues from (i) FANTOO platform through advertising, direct sales, and user to user commissions, and (ii) other businesses. Revenue billed or collected in advance will be recorded as deferred revenue until the event occurs or until applicable performance obligations are satisfied. Revenue is recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services. In this regard, revenue is recognized when: (i) the parties to the contract have approved the contract (in writing, orally, or in accordance with other customary business practices) and are committed to perform their respective obligations; (ii) the entity can identify each party’s rights regarding the goods or services to be transferred; (iii) the entity can identify the payment terms for the goods or services to be transferred; (iv) the contract has commercial substance (that is, the risk, timing, or amount of the entity’s future cash flows is expected to change as a result of the contract); and (v) it is probable that the entity will collect substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. Transaction prices are based on the amount of consideration to which we expect to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties, if any. We consider the explicit terms of the revenue contract, which are typically written and executed by the parties, our customary business practices, the nature, timing, and the amount of consideration promised by a customer in connection with determining the transaction price for our revenue arrangements. Refunds and sales returns historically have not been material. For the years ended December 31, 2023 and December 31, 2022, the Company recognized product sales revenue amounting to $71,242 and $0. Revenue is derived at the point in time when merchandise is sold and shipped or delivered to customers. Merchandise sales are fulfilled with inventory sourced from our owned inventory. Although the Company does not currently have any inventory as of the balance sheet date, the Company, from time to time, may hold products in inventory for an abbreviated amount of time before shipping such inventory and recognizing the corresponding revenue. Revenue is recognized when control of the product passes to the customer, typically at the date of delivery of the merchandise to the customer, or the date a service is provided and is recognized in an amount that reflects the expected consideration to be received in exchange for such goods or services. As such, customer orders are recorded as unearned revenue prior to delivery of products or services ordered. If the Company ships high volumes of packages through multiple carriers, the Company will use estimates to determine which shipments are to be delivered and, therefore, recognized as revenue at the end of the period. Delivery date estimates are based on average shipping transit times, which are calculated using the following factors: (i) the type of shipping carrier (as carriers have different in-transit times); (ii) the fulfilment source; (iii) the delivery destination; and (iv) actual transit time experience, which shows that delivery date is typically one to eight business days from the date of shipment. The Company reviews and updates our estimates on a quarterly basis based on our actual transit time experience. However, actual shipping times may differ from our estimates. Generally, the Company requires authorization from credit cards or other payment vendors whose services the Company offers to customers or verification of receipt of payment, before the Company ships products to purchasers. The Company generally receives payments from our customers before our payments to our suppliers are due. The Company does not recognize assets associated with costs to obtain or fulfill a contract with a customer. Shipping and handling is considered a fulfillment activity, as it takes place prior to the customer obtaining control of the merchandise, and fees charged to customers are included in net revenue upon completion of our performance obligations. The Company presents revenue net of sales taxes, discounts, and expected refunds. Merchandise sales contracts include terms that could cause variability in the transaction price for items such as discounts, credits, or sales returns. Accordingly, the transaction price for product sales includes estimates of variable consideration to the extent it is probable that a significant reversal of revenue recognized will not occur. At the time of sale, the Company estimates a sales return liability for the variable consideration based on historical experience, which is recorded within “Accrued Liabilities” in the consolidated balance sheet. The Company records an allowance for returns based on current period revenues and historical returns experience. The Company analyzes actual historical returns, current economic trends and changes in order volume, and acceptance of our products when evaluating the adequacy of the sales returns allowance in any accounting period. The Company evaluates the criteria outlined in the Financial Accounting Standards Board (“ FASB ASC Principal versus Agent Considerations The customers and sales amount with more than 10% of total revenue as a gross basis for the years ended December 31, 2023 and December 31, 2022 are as follows, and they are the advertising revenue. Fiscal Year Customer Sales Amount % 2023 A $ 191,511 19 % 2023 B $ 696,403 69 % 2022 C $ 774,024 87 % Cost of Revenue Cost of revenue is recognized at the time the products or services are delivered to the customers. Cost of revenue includes all direct labor, material, shipping and handling cost and other direct costs such as travel, postage, telecommunication, vehicle charge, printing, and training, and allocated indirect costs related to revenue such as supplies, utilities, office equipment rental, and computers. Property Plant and Equipment Property plant and equipment are carried at cost (see Note 5). Depreciation expense is provided over the estimated useful lives of the assets using the straight line method for vehicles and the declining balance method for fixtures and equipment. A summary of the estimated useful lives is as follows: Classification Estimated Vehicles 5 Fixtures 5 Equipment 5 Maintenance and repairs are charged to expense as incurred, while any additions or improvements are capitalized. The Company evaluates property and equipment for impairment when facts and circumstances indicate that the carrying values of such assets may not be recoverable. When evaluating for impairment, the Company first compare the carrying value of the asset to the asset’s estimated future undiscounted cash flows. If the estimated undiscounted future cash flows are less than the carrying value of the asset, the Company determines if there is an impairment loss by comparing the carrying value of the asset to the asset’s estimated fair value and recognizes an impairment charge when the asset’s carrying value exceeds its estimated fair value. The fair value of the asset is estimated using a discounted cash flow model based on forecasted future revenues and operating costs, using internal projections. There were no significant property and equipment asset impairment charges recorded during the year ended December 31, 2023, and the year ended December 31, 2022. Impairment of Long-Lived Assets The Company assesses the recoverability of long-lived assets whenever events or changes in circumstances indicate that their carrying value may not be recoverable. If the cost basis of a long-lived asset is greater than the projected future undiscounted net cash flows from such asset, an impairment loss is recognized. Impairment losses are calculated as the difference between the cost basis of an asset and its estimated fair value. There were no significant long-lived assets impairment charges recorded during the year ended December 31, 2023 and the year ended December 31, 2022. Concentrations of Credit Risk Cash and cash equivalents are financial instruments that potentially subject the Company to concentrations of credit risk. The Company may maintain deposits in financial institutions in excess of government insured limits. The Company believes that it is not exposed to significant credit risk as its deposits are held at financial institutions that management believes to be of high credit quality and the Company has not experienced any losses on these deposits. The Company is also potentially subject to concentrations of credit risk in its accounts receivable and loans. Credit risk with respect to receivables is limited due to the number of companies comprising the Company’s customer base. Credit risk with respect to loans is limited since they are made principally related to the collaborative activities between the Company and loan holders. Since the Company is directly affected by the financial condition of its customers and loan holders, management carefully watch if any significant credit risks exist, and they will make actions to remove or mitigate such risks if there are any. For the years ended December 31, 2023 and December 31, 2022, over 10% of the revenues are from two customers and one customer, but there are no receivable balances from them. Also, over 10% of the account receivable for the year ended December 31, 2023 is from Hanryu Times, which was the affiliated company by December 28, 2023, and Hanryu Times and the company already agreed to the payment plan that Hanryu Times would pay back all by the end of December 31, 2024. Therefore, as of December 31, 2023 and December 31, 2022, the Company believes that the credit risk for the account receivables is manageable and controllable. Generally, the Company does not require collateral or other securities to support its accounts receivable and loans. Fair Value of Financial Instruments The fair value of Company’s financial instruments, consisting of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, debt receivables, debt payables approximate their recorded amounts due to their relatively short settlement terms. Fair Value Measurements The Company applies a three-level valuation hierarchy for fair value measurements. The categorization of assets and liabilities within the valuation hierarchy is based on the lowest level of input that is significant to the measurement of fair value. Level 1 Inputs to the valuation methodology utilize unadjusted quoted market prices in active markets for identical assets and liabilities. Level 2 Inputs to the valuation methodology are other observable inputs, including quoted market prices for similar assets and liabilities, quoted prices for identical and similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 Inputs to the valuation methodology are unobservable inputs based on management’s best estimate of the inputs that market participants would use in pricing the asset or liability at the measurement date, including assumptions about risk. A change to the level of an asset or liability within the fair value hierarchy is determined at the end of a reporting period. Investments The Company’s investments are carried at historical cost. As of December 31, 2023 and December 31, 2022, there is no balance of investments. Earning (Loss) Per Share Basic earning (loss) per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of Common Stock for the applicable period. Diluted earning (loss) per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of Common Stock for the applicable period, including the dilutive effect of Common Stock equivalents. Potentially dilutive Common Stock equivalents primarily consist of warrants issued in connection with financings. For purposes of computing both basic and diluted earning (loss) per share, income or loss shall exclude the income or loss attributable to the non-controlling interest. The Company calculates net loss per share in accordance with FASB ASC Topic 260, Earnings Per Share Income Taxes Deferred income tax assets and liabilities are determined based on differences between the financial statement reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws in effect when the differences are expected to reverse. The measurement of deferred income tax assets is reduced, if necessary, by a valuation allowance for any tax benefits which are not expected to be realized. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in the period that such tax rate changes are enacted. We have determined that all of our deferred tax benefits are not likely to be realized due to our historical and expected future taxable losses. Accordingly, we have maintained a full valuation allowance. The Company applies the provisions of FASB ASC Topic 740-10, Uncertainty in Income Taxes Income taxes on the Company’s taxable income from operating activities are subject to various tax laws and determinations of the authority in the ROK. Regarding taxes payable in the ROK, if a certain portion of taxable income is not used for investments or for increases in wages or dividends, in accordance with the Tax System for Recirculation of Corporate Income, the Company is liable to pay additional income tax calculated based on Korean tax law. The Company assesses uncertainty over a tax treatment. When the Company concludes it is not probable that the taxation authority will accept an uncertain tax treatment, the Company will reflect the effect of uncertainty for each uncertain tax treatment by using either of the following methods, depending on which method the Company expects to better predict the resolution of the uncertainty; ● The most likely amount: The single most likely amount in a range of possible outcomes. ● The expected value: The sum of the probability-weighted amounts in a range of possible outcomes. Lease Under ASC 842, the determination of whether an arrangement is a lease is made at the lease’s inception and a contract is (or contains) a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is defined under the standard as having both the right to obtain substantially all of the economic benefits from use of the asset and the right to direct the use of the asset. Management only reassesses its determination if the terms and conditions of the contract are changed. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities, and operating lease liabilities in our balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our balance sheets. ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses the implicit rate when it is readily determinable. Since most of the Company’s leases do not provide an implicit rate, to determine the present value of lease payments, management uses the Company’s incremental borrowing rate based on the information available at lease commencement. Operating lease ROU assets also includes any lease payments made and excludes any lease incentives. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately with amounts allocated to the lease and non-lease components based on stand-alone prices or for which it has made an accounting policy election to account for these as a single lease component. For certain equipment leases, like vehicles, the Company accounts for the lease and non-lease components as a single lease. Refer to Note 7 for additional disclosures required as a result of the adoption of this new standard. Recently Issued Accounting Standards In August 2020, the FASB issued ASU No. 2020-06, Debt Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging Contracts in Entity s Own Equity (Subtopic 815-40) Accounting for Convertible Instruments and Contracts in an Entity s Own Equity ASU 2020-06 In November 2019, the FASB issued ASU 2019-10, “ Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements.

Short-Term Loan Receivables

Short-Term Loan Receivables	12 Months Ended
	Dec. 31, 2023
Short-Term Loan Receivables [Abstract]
SHORT-TERM LOAN RECEIVABLES	NOTE 3 — SHORT-TERM LOAN RECEIVABLES The following table summarizes information with regard to short-term loan receivables outstanding as of December 31, 2023 and December 31, 2022, and the interest income from short-term loan receivables is $30,613 and $0 for the year ended December 31, 2023 and December 31, 2022. Interest December 31, December 31, Hanryu Times 0 % $ 1,033,659 $ — K-Commerce 0 % 76,586 — FANTOO Entertainment 0 % 381,270 — LA PRIMERA CAPITAL INVESTMENTS 0 % 30,672 — Jacob Asset 4.6 % 2,087,578 — Ticket Land 4.6 % 79,727 — AMERIDGE CORPORATION 0.1 % 100,408 — Marina Entertainment 0 % — 473,902 Naeun Kim 0 % — 39,454 Total short-term loans $ 3,789,900 $ 513,356 For the year ended December 31, 2023, the company wrote off $193,889 of short-term loan receivables from PRT Korea since PRT Korea has not paid back it by the maturity, June 13, 2024 and they have not provided any plan for the payment.

Prepaid Expenses and Other Rece

Prepaid Expenses and Other Receivables	12 Months Ended
	Dec. 31, 2023
Prepaid Expenses and Other Receivables [Abstract]
PREPAID EXPENSES AND OTHER RECEIVABLES	NOTE 4 — PREPAID EXPENSES AND OTHER RECEIVABLES The following table summarizes information with regard to prepaid expenses and other receivables as of December 31, 2023 and December 31, 2022. December 31, December 31, Daeho Construction, Co.,Ltd $ — $ 71,806 Toping, Co.,Ltd — 72,911 Top Eng, Co., Ltd. — 157,816 Jacob Asset, Co.Ltd 7,755,545 — Orumplus Design, Co., Ltd 25,593 — Asia Model Festival Organization Foundation 77,556 — Others 44,341 57,985 Total prepaid expenses and other receivables $ 7,903,035 $ 360,518 For the year ended December 31, 2023, the company wrote off $995,622 of prepaid expenses and other receivables from Top Eng Co., Ltd since they don’t make contracted business obligation to the Company more than 1 year and they have not provided the confirmed plan to the Company.

Property Plant and Equipment

Property Plant and Equipment	12 Months Ended
	Dec. 31, 2023
Property Plant and Equipment [Abstract]
PROPERTY PLANT AND EQUIPMENT	NOTE 5 — PROPERTY PLANT AND EQUIPMENT Property plant and equipment consist of the following: December 31, December 31, Vehicles $ 222,733 $ 97,422 Fixtures 352,356 219,993 Equipment 707,437 252,828 1,282,526 570,243 Less accumulated depreciation (653,341 ) (317,153 ) Property plant and equipment, net $ 629,185 $ 253,090 Total depreciation expense for the years ended December 31, 2023 and December 31, 2022 are $381,917 and $215,111 Depreciation expense is reflected in operating cost and expenses in the consolidated statements of operations.

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investments [Abstract]
INVESTMENTS	NOTE 6 — INVESTMENTS The following table summarizes information with regard to investments outstanding as of December 31, 2023 and December 31, 2022. Changes in investments, for the years ended December 31, 2023 and December 31, 2022, are as follows December 31, December 31, Beginning $ — $ 1,695,299 Increase — 635,000 Decrease — (2,183,822 ) Loss on sale of investments — (6,794 ) Translation Adjustment — (139,683 ) Total Investments $ — $ — On October 18, 2021, the Company purchased bonds with warrants issued by Setopia Co., Ltd. (“ Setopia Setopia Bonds with warrants The transaction with Setopia as a beneficial owner of more than 10% of the Company’s outstanding securities, was a related-party transaction. However, neither Setopia nor the Company control the other by any methods including, without limitation, contract, lease, agreements between shareholders, or court decree. Further, each of Setopia and HBC have different principal owners, management, and there have been no transactions between any members of the principal owners’ or managements’ immediate families. On October 27, 2022, Setopia became an unaffiliated and unrelated third party of the Company since, as of that date, Setopia is a stockholder who owns less than 10% of the Company’s outstanding securities. The Company accounted for the investment in Setopia at fair value. The Company determined this investment to be a “debt security” classified into trading debt securities under ASC 320-10-20, as the Company intended to sell it in the near term at the time of acquisition. There has been no unrealized holding gains and losses for trading securities included in earnings since the value of the Setopia Bonds with warrants did not change until it is sold to the third party for the year ended December 31, 2022. Prior to the acquisition of the Setopia Bonds with warrants, the Company owned no interest in Setopia. After the acquisition the Setopia Bonds with warrants, the Company became the owner of record or known beneficial owner of 2.06% of the voting interest of Setopia. The acquisition of the Setopia Bonds with warrants is a related-party transaction under ASC 850-10-05-3(d). On February 11, 2022, the Company sold the acquired Setopia Bonds with warrants to an unaffiliated and unrelated third party in exchange for the consideration of cash totaling $696,621 and a non-trade receivable for $851,426 due by December 30, 2022, which resulted in a decrease of the investment balance of $1,687,052 including the currency translation adjustment of ($139,004) as of December 31, 2022. The Company and a third party entered into an extension agreement for a non-trade receivable due by April 30, 2023. On October 4, 2022, the Company purchased convertible bonds issued by Setopia, for total consideration of $635,000 (the “Setopia Convertible Bonds”). The Setopia Convertible Bonds were initially issued on January 27, 2022, with no annual interest and a maturity date of January 27, 2025. The form of consideration was to accept the consideration of warrants with an exercise price of $1.27 to purchase 500,000 shares of Common Stock. On October 4, 2022, warrants were exercised with an exercise price of $1.27 to purchase 500,000 shares of common stock. On December 30, 2022, the Company sold the Setopia Convertible Bonds to an unaffiliated and unrelated party by receiving non-trade receivables of $710,171 due by February 28, 2023, which resulted in a decrease of the investment balance of $635,000 including the currency translation adjustment of $75,171 as of December 31, 2022. The Company collected such non-trade receivables by cash in full on March 23, 2023. There was no gain or loss realized on this transaction during the year ended December 31, 2022. On June 30, 2021, HBC and Sewang entered into the Contract and Share Assignment, pursuant to which HBC acquired: (i) the Marine Island Shares, and thereby the Lien, which gave Marine Island the right to use and occupy the Seoul Marina until the Lien is repaid; (ii) the SMC Shares; and (iii) the SMC Receivable. The aggregate consideration paid to Sewang for the rights and assets under the Contract was $2,943,905, initially allocated as follows: (1) $8,247 to the purchase SMC Shares at a price of $0.87 per share, constituting 24.53% of the issued and outstanding common shares of SMC; and (2) $2,935,658 to SMC Receivable and the Lien, calculated by determining the present value of leasing the Seoul Marina facilities for free over 10 years. Sewang received $2,009,752 in the form of 23,000,000 KDC, and the remaining $934,153 in the form of cash. On December 30, 2022, the Company sold the SMC shares to an unaffiliated and unrelated third party in exchange for the consideration of cash totaling $774, which resulted in a decrease of the investment balance of $8,247 including the currency translation adjustment of ($679) as of December 31, 2022 and loss on sale of investments of $6,794 for the year ended December 31, 2022. The Company recorded the Marine Island Shares as affiliated stocks, and the SMC Shares as an investment, and the remaining SMC Receivable and Lien as Operating Lease Right-Of-Use Asset which is being amortized over a ten year period under the guidelines of ASC 842. See Note 7 “Lease”. The SMC Shares and the Marine Island Shares were calculated by the number of shares multiplied by the par value of $0.87 and $0.44. The value of SMC Receivable and the Lien was calculated by determining the present value of the Lien on the assumption the Company would lease the Seoul Marina facilities for free for at least 10 years. The Company is not a principal owner of SMC. In addition, neither SMC nor the Company control the other by any methods including, without limitation, contract, lease, agreements between shareholders, or court decree. Further, each of SMC and HBC have different principal owners, management, and there have been no transactions between any members of the principal owners’ or managements’ immediate families. For the Marine Island Shares, the Company applied ASC 805 as the Company owns more than 50% of the issued and outstanding shares of Marine Island, and the Company consolidates the financial statements. For the SMC Shares, the Company applies ASC Topic 321-10-20 and 321-10-35-2, and it is recorded as an equity investment by the cost method. For SMC right, the Company recorded these rights as Operating Lease Right-Of-Use Asset-see Note 7.

Lease

Lease	12 Months Ended
	Dec. 31, 2023
Lease [Abstract]
LEASE	NOTE 7 — LEASE The Company uses approximately 19,200 square feet of office space at the Seoul Marina described in in Note 6 — Investments, at no cost. Although no formal lease exists, the Company believes that ASC 842 accounting guidelines apply to determine the fair market value of ten years of free rent as well as recording rent expense on its Statement of Operations. Using the following variables: Annual lease cost — 300,000,000 Korean Won 10-year present value calculation Assumed annual rent increase -4.96% Interest cost -3% 10-year bond rate on Korean Bonds 2.11% Exchange rate: 1188.5 Korean Won to the US dollar The Company determined that the present value of ten years of free rent amount to $2,775,512 which was recorded as a long-term ROU asset as of June 30, 2021. Since there were no liabilities associated with this asset since the Company is receiving free rent, the ROU assets is being amortized at a rate of approximately $23,000 per month over a ten year term. Since the Company had initially allocated a value of $2,935,658 to SMC Receivable and the Lien, the Company recorded an impairment of $158,278 on its Right-of-Use Asset for the year ended December 31, 2021. As of December 31, 2023 and December 31, 2022, the balances of the Right-of-Use-Asset was $1,918,966 and $2,212,754, respectively. Lease cost consists of approximately $287,487 and $255,357, for the years ended December 31, 2023 and December 31, 2022, respectively. The weighted average remaining lease term in years for operating leases is 8 years and the weighted average discount rate for operating leases is 3%.

Short-Term Loan Payables

Short-Term Loan Payables	12 Months Ended
	Dec. 31, 2023
Short-Term Loan Payables [Line Items]
SHORT-TERM LOAN PAYABLES	NOTE 8 — SHORT-TERM LOAN PAYABLES The following table summarizes information with regard to short-term loan payables outstanding as of December 31, 2023 and December 31, 2022. Interest Rate December 31, December 31, Short-term loan payables from Sungil Jeon maturing in December 2023 0 % $ — $ 165,707 Short-term loan payables from Junwoo Choi maturing in August 2024 0 % 193,889 39,454 Short-term loan payables from Minja Nam maturing in November 2023 18 % — 394,540 Short-term loan payables from Byoung Ik Choi maturing in September 2024 0 % 155,111 — Short-term loan payables from Bong Sang Kim and others maturing in September 2024 0 % 232,666 — Short-term loan payables from Se Kyoung Kim and others maturing in November 2024 4.6 % 387,778 — Short-term loan payables from Kye Sook Kim and others maturing in June 2024 4.6 % 620,443 Short-term loan payables from Gwanmin Park maturing in December 2023 0 % — 7,891 Short-term loan payables from Seorin Partners Co., Ltd maturing in June 2023 0 % — 78,908 Short-term loan payables from Taeshin Tax Accounting Corporation maturing in April 2023 and October 2023 0 % — 36,297 Total short-term loan payables $ 1,589,887 $ 722,797 The company recorded interest expense of $13,497 and $8,989for
Related Party [Member]
Short-Term Loan Payables [Line Items]
SHORT-TERM LOAN PAYABLES	NOTE 9 — SHORT-TERM LOAN PAYABLES FROM RELATED PARTIES The following table summarizes information with regard to short-term loan payables from related parties outstanding as of December 31, 2023 and December 31, 2022. SiYoung Jang and Munjoong Kang are HBC’s co-founders and shareholders of Hanryu Holdings, and Changhyuk Kang serves as Chief Executive Officers and Director of Hanryu Holdings and HBC. December 31, December 31, 2022 Short-term loan payables from Munjoong Kang maturing in February 2024 — 149,122 Short-term loan payables from Siyoung Jang maturing in December 2023 — 78,908 Short-term loan payables from Changhyuk Kang maturing in October 2023 — 31,563 Total short-term loan payables from related parties $ — $ 259,593 These loan payables have no interest and financial covenants.

Bonds With Warrants

Bonds With Warrants	12 Months Ended
	Dec. 31, 2023
Bonds With Warrants [Abstract]
BONDS WITH WARRANTS	NOTE 10 — BONDS WITH WARRANTS Bonds with warrants were issued by HBC from December 17, 2018 through July 2, 2021. The terms and conditions of the bonds with warrants at the time of acquiring bonds and issuance of such bonds are set forth below. Currently, the Company and all bondholders have entered into an agreement that the bondholders will waive all interest payments due for the life of the bonds. The entire face amount of the bonds is the maximum number of Common Shares for which the attached warrants can be exercised by each bondholder, with exercise prices from $0.42 to $1.27 per common share. On March 31, 2021, HBC issued 4,150,000 Common Shares to the shareholders of RnDeep pursuant to the RnDeep Merger. As the surviving company in the RnDeep Merger, HBC assumed the RnDeep Warrants, therefore allowing the RnDeep Warrants to be exercised for Common Shares of HBC, in the following amounts: ● RnDeep Warrants issued on March 17, 2020, for an aggregate purchase price of $2,586,850. The bonds have a maturity date of March 17, 2023 and accrue interest at a rate of 3% annually. The warrants have an exercise price of $0.42, and can be exercised at any time after the date that is four months after the date the bond was issued, and expire the day immediately preceding the maturity date of the bonds. ● RnDeep Warrants issued on April 13, 2020, for an aggregate purchase price of $1,687,052. The bonds have a maturity date of April 13, 2023, and accrue interest at a rate 3% annually. The warrants have an exercise price of $0.42, and can be exercised at any time after the date that is four months after the date the bond was issued, and expire the day immediately preceding the maturity date of the bonds. ● RnDeep Warrants issued on May 6, 2020, for an aggregate purchase price of $3,880,220. The bonds have a maturity date of May 6, 2023, and accrue interest at a rate of 3% annually. The warrants have an exercise price of $1.27, and can be exercised at any time after the date that is four months after the date the bond was issued, and expire the day immediately preceding the maturity date of the bonds. After the RnDeep Merger, HBC and the RnDeep Holders entered into an agreement that the RnDeep Holders would waive the interest accruing on the RnDeep Warrants. Therefore, the Company recognized the RnDeep Warrants acquired at the respective face value of each respective RnDeep Warrant. Furthermore, HBC held RnDeep Warrants an aggregate value of $2,586,850, and offset such value against HBC’s assets. On April 7, 2021, HBC issued bonds with warrants for an aggregate purchase price of $3,153,714. The bonds accrue interest at an annual rate of 1% and mature on March 31, 2022. The warrants have an exercise price of $0.42 and can be exercised at any time after the date that is three months after the date the bond was issued, and expire if not exercised prior to the maturity date of the bonds. On July 1, 2021, HBC issued bonds with warrants for an aggregate purchase price of $1,096,584. The bond accrues no annual interest and matures on July 1, 2024. The warrants have an exercise price of $0.42, and can be exercised at any time after the issuance date, and expire the month preceding the maturity date of the bonds. On July 2, 2021, HBC issued bonds with warrants for an aggregate purchase price of $3,795,867. The bond accrues no annual interest and mature on July 2, 2024. The warrants have an exercise price of $1.27 and can be exercised at any time after the issuance date, and expire the month preceding the maturity date of the bonds. HBC has the right to make early repayments before maturity for these bonds with warrants and has exercised its right to do so in the amounts of $11,420,268 and $919,118 for the Year ended December 31, 2021 and the year ended December 31, 2020, respectively. On March 31, 2021, holders of certain bonds and warrants with an aggregate value of $1,687,906 exercised their warrants to purchase common shares of HBC. As of December 31, 2021 and 2020, the fair value of bonds with warrants was $3,795,867 and $6,709,559, respectively. The following two tables summarizes information with regard to bonds with warrant outstanding as of December 31, 2023 and December 31, 2022. Amount as of December 31, 2021 $ 3,795,867 Translation adjustment (245,011 ) Amount as of December 31, 2022 $ 3,550,856 Translation adjustment (60,861 ) Amount as of December 31, 2023 $ 3,489,995 Terms and conditions of bonds with warrants at the inception are as follows: No. Issue Date Maturity Amount Nominal Interest 11 7/2/2021 7/2/2024 $ 3,489,995 0 % 3 % Total $ 3,489,995 * Nominal interest rate and interest rate of return are waived by the separate agreements between the Company and the bondholders. Warrants There are no remaining outstanding warrants as of December 31, 2023. There is not a viable market for the Company’s Common Stock to determine its fair value, therefore management is required to estimate the fair value to be utilized in the determining warrant costs and value. In estimating the fair value, management considers the comparable value of public companies from the same industry. Considerable management judgment is necessary to estimate the fair value. Accordingly, actual results could vary significantly from management’s estimates. Option valuation models require the input of highly subjective assumptions. The fair value of warrants was estimated using the Black-Scholes option model with a volatility figure derived from public companies in the same industry. Management determined this assumption to be a more accurate indicator of value. The Company accounts for the expected life of warrants based on the maturity of warrants. The risk-free interest rate was determined from the implied yields of U.S. Treasury zero-coupon bonds with a remaining life consistent with the expected term of the options. The fair value of warrants during the years ended December 31, 2021 and December 31, 2020 was estimated using the Black-Scholes pricing model. On March 31 2021, HBC acquired an aggregate of 12,066,666 warrants to purchase HBC Common Shares in connection with RnDeep Merger at the exercise prices of $0.42 (9,000,000 warrants) and $1.27 (3,666,666 warrants) per share for a term of one to two years, exercisable immediately. The fair value of the issued warrants were determined using the Black Scholes option pricing model with the following assumptions: Dividend yield: 0% Volatility 43.36% Risk free rate: 0.08% Expected life: 1 – 2 years Estimated fair value of the Company’s Common Stock $0.47 The fair value of $691,267 was charged to operations as financing costs for the year ended December 31, 2021. On July 1, 2021 and July 2, 2021, HBC issued an aggregate of 13,077,455 warrants to purchase HBC Common Shares at the exercise prices of $0.42 (10,077,455 warrants) and $1.27 (3,000,000 warrants) per share for a term of nine months to three years exercisable immediately. The fair value of the issued warrants were determined using the Black Scholes option pricing model with the following assumptions: Dividend yield: 0% Volatility 43.36% Risk free rate: 0.05 – 0.07% Expected life: 0.5 – 3 years Estimated fair value of the Company’s Common Stock $0.47 The fair value of $1,065,018 was charged to operations as financing costs for the year ended December 31, 2021. A summary of the warrant activity for the year ended December 31, 2023 and the year ended December 31, 2022 is as follows: Shares Weighted- Average Exercise Weighted Average Remaining Contractual Term Outstanding at December 31, 2021 11,404,121 $ 0.87 1.72 Expired 537,455 0.42 Exercised 3,671,156 0.72 Outstanding at December 31, 2022 7,195,510 $ 0.98 0.58 Expired 1,681,191 0.42 Exercised 5,514,319 1.11 Outstanding at December 31, 2023 - 1.27 0.42

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 11 — FAIR VALUE MEASUREMENTS Fair value has been determined on a basis consistent with the requirements of FASB ASC Topic 825, Financial Instruments Fair Value Measurement. Financial Items Measured at Fair Value on a Recurring Basis The carrying amounts reported in the consolidated balance sheet for short-term financial instruments, including cash and cash equivalents, short-term loans, accounts receivable, prepaid expenses, short-term borrowings, accrued expense and other current liabilities due to the short maturities of these instruments. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022 are summarized in the table below. December 31, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ — $ — $ — $ — Liabilities Bonds with warrants $ — $ — $ 3,489,995 $ 3,489,995 December 31, 2022 Level 1 Level 2 Level 3 Total Assets Investments $ — $ — $ — $ — Liabilities Bonds with warrants $ — $ — $ 3,550,856 $ 3,550,856 Financial Items Measured at Fair Value on a Nonrecurring Basis There are no Nonfinancial Items Measured at Fair Value on a Recurring Basis There are no Nonfinancial Items Measured at Fair Value on a Nonrecurring Basis The fair value of long-lived assets is measured whenever the carrying value of long-lived asset or asset group is not recoverable on an undiscounted cash flow basis. No impairment is recognized for long-lived assets as of as of December 31, 2023 and December 31, 2022.

Significant Non-Cash Transactio

Significant Non-Cash Transaction	12 Months Ended
	Dec. 31, 2023
Significant Non-Cash Transaction [Abstract]
SIGNIFICANT NON-CASH TRANSACTION	NOTE 12 — SIGNIFICANT NON-CASH TRANSACTION The company engaged in the following significant non-cash investing and financing activities for the years ended December 31, 2023 and 2022. December 31, December 31, Offsetting short-term loan payables by exercising warrants to purchase 309,430 common stock (392,976 ) — Purchase of investment by exercising warrants to purchase 500,000 shares of common stock (635,000 ) Sale of investment by receiving a non-trade receivable due by February 28, 2023 710,171 Sales of investment by receiving a non-trade receivable due by April 30, 2023 867,987 Total $ (392,976 ) $ 943,158 For the year ended December 31, 2023, conversion to equity by offsetting short-term loan payables was $392,976, which reflected 309,430 shares of common stock issued and a decrease of $392,976 in short-term loan payables. For the year ended December 31, 2022, investment of $635,000 was increased by exercising warrants to purchase 500,000 shares of common stock, and investments of $1,578,158 were reduced by receiving non-trade receivables with an aggregate value of $1,578,158.

Other Income

Other Income	12 Months Ended
	Dec. 31, 2023
Other Income [Abstract]
OTHER INCOME	NOTE 13 — OTHER INCOME The Company entered into an agreement with a creditor of HBC to pay such creditor 3,000,000 KDC in exchange for the extinguishment of $232,207 in debt. The Company accounts for such non-cash consideration at the effective date of agreement in accordance with the non-cash consideration guidance included in FASB ASC Topic 470, Debt ASC 470 Revenue from Contracts with Customers ASC 606

Other

Other	12 Months Ended
	Dec. 31, 2023
Other [Abstract]
OTHER	NOTE 14 — OTHER The Company believes that KDC meets the definition of indefinite-lived intangible assets under ASC 350, as it is nonfinancial asset that lacks physical substance. Therefore, KDC was recognized and measured at historical cost. In addition, the Company determined that KDC has an indefinite life since there is no legal, regulatory, contractual, competitive, economic, or other factors that limit the useful life of KDC, in accordance with ASC 350-30-35-4. The Company initially created KDC, a public digital cryptocurrency separate and apart from the FANTOO platform, as a method of onboarding and offboarding FP to and from the FANTOO platform through the Kingdom Wallet. However, on June 22, 2022, the Company entered into a Business Transfer Agreement (the “ KDC Agreement KDC Foundation Additionally, and for the avoidance of doubt, the control person of Plus Meta PTE Ltd., KDC Foundation’s management company, is not an affiliate, and is not in any way related to, any officer, director, or shareholder of the Company. The KDC Foundation does not, has not, and will not coordinate any of its activities with the Company or the Company’s operation of FANTOO. Further, KDC will not be marketed to FANTOO users. Pursuant to the KDC Agreement, in exchange for the Company transferring (a) its then-existing outstanding KDC balance of 299,651,320,620, (b) blockchain mainnet known as the Fandomchain, and (c) the Kingdom Wallet to the KDC Foundation, the KDC Foundation will (y) assume all obligations and liabilities with respect to KDC and Kingdom Wallet, and (z) pay to the Company the following contingent amounts, if, at December 31, 2024: ● The KDC Foundation generates sales in excess of $74 million from the assets transferred from the Company, the KDC Foundation shall pay 10% of such sales to the Company; ● The KDC Foundation generates sales in excess of $37 million, but less than $74 million, from the assets transferred from the Company, the KDC Foundation shall pay 15% of such sales to the Company; and ● The Company will receive no consideration from the KDC Foundation if the assets transferred from the Company generates sales under $37 million. For the avoidance of doubt, sales generated from the transferred assets do not include any post-transfer newly created KDC. KDC Foundation planned to generate revenue by integrating KDC, FandomChain, and the Kingdom Wallet into mobile games, and monetizing such games. Due to current cryptocurrency-related market conditions, the Company does not expect to receive any payments from KDC Foundation through December 31, 2024 in accordance with the terms of the Business Transfer Agreement. The KDC agreement included contingent earn-out consideration, the fair value of which was estimated on June 22, 2022, as the present value of the expected future contingent receivables which the Company determined using a probability-weighted discounted cash flow model for probabilities of possible future receivables. The Company determined the fair value of contingent consideration as zero on June 22, 2022. Contingent consideration is remeasured to fair value at each reporting date until the contingency is resolved, with changes in fair value recognized in profit or loss in most circumstances. The Company recorded zero value of the contingent consideration on the accompanying consolidated balance sheets as of December 31, 2022. The Company believes that the transfer of KDC meets the definition of a “Component of an Entity” under FASB ASC Topic 205-20, Discontinued Operations ● 15% of the Company’s total revenue; ● Geographical area that represents 20% of the Company’s total assets; or ● 30% of the Company’s historic net income and 15% of the current period’s income. The Company did not present the divestiture of its holdings of KDC and KDC-related activity as discontinued operations because there was no revenue, asset value, or net income from the divestiture of KDC and the related operations.

Share Capital

Share Capital	12 Months Ended
	Dec. 31, 2023
Share Capital [Abstract]
SHARE CAPITAL	NOTE 15 — SHARE CAPITAL As of December 31, 2023, and December 31, 2022, Hanryu Holdings’ total authorized capital stock is 110,000,000 shares, consisting of 100,000,000 shares of Common Stock, par value $0.001 per share, and 10,000,000 shares of undesignated preferred stock, par value $0.001 per share. On January 4, 2023, through March 8, 2023, warrants of $1,813,120 were exercised with an exercise price of $1.27 to purchase 1,427,653 shares of Common Stock by cash of $1,420,144 and debt conversion of $392,776. In February and March of 2023, the Company closed two private placements solely to accredited investors (as defined by Rule 501(a) of Regulation D of the Securities Act) pursuant to which the Company sold an aggregate amount of 240,000 shares of common stock for $10.00 per share, resulting in gross proceeds of $2,400,000. The purchase price of the common stock purchased in the private placements is subject to adjustment to the price of the common stock sold in the Company’s IPO, such that additional common stock shall be issued to the purchasers if the price of common stock sold in the IPO is less than $10.00 per share, or the purchasers shall return common stock to the Company if the price of the common stock sold in the IPO is greater than $10.00 per share, in each case resulting in the purchasers purchasing an aggregate amount of $2,400,000 of Company common stock at the IPO price. The offerings were exempt from registration under Section 4(a)(2) of the Securities Act. The subscription agreements pursuant to which the common stock was sold to accredited investors contain customary representations and warranties of the Company and the investors and customary indemnification rights and obligations of the parties. On March 24, 2023, warrants of $8,400 were exercised with an exercise price of $0.42 to purchase 20,000 shares of Common Stock by cash. On April 13, 2023, warrants of $420,000 were exercised with an exercise price of $0.42 to purchase 1,000,000 shares of Common stock by cash. On May 4, 2023, thorough May 8, 2023, warrants of $3,894,666 were exercised with an exercise price of $1.27 to purchase 3,066,666shares of Common stock by cash. On May 31, 2023, the Company completed a private placement to solely to an accredited investor (as defined by Rule 501(a) of Regulation D of the Securities Act) pursuant to which the Company sold an aggregate amount of 760,000 shares of common stock for $10.00 per share, resulting in gross proceeds of $7,600,000. On July 31 2023, the Company consummated its initial public offering (the “IPO”) of 877,328 shares of Comon stock at a public offering price of $10.00 per share, generating gross proceeds of $8,773,280. Net proceeds from the IPO was approximately $7.7 million after deducting underwriting discounts and commissions and other offering expenses of approximately $1.1 million. The Company also granted the underwriters a 45-day option to purchase up to 131,599 additional shares (equal to 15% of the shares of Common stock sold in the IPO) to cover over-allotments, if any, which the underwriters did not exercise. In addition, the Company issued to the representative of the underwriters warrants to purchase a number of shares of Common stock equal to 5.0% of the aggregate number of Common stocks sold in the IPO (including shares of Common stock sold upon exercise of the over-allotment option). The representative’s warrants will be exercisable at any time and from time to time, in whole or in part, during the four-and-½-year period commencing six months from the date of commencement of the sales of the shares of Common stock in connection with the IPO, at an initial exercise price per share of $10.00 (equal to 125% of the initial public offering price per share of class A common stock). No representative’s warrants have been exercised. As a result, the total number of issued and outstanding shares of Common Stock issued increased from 45,416,942 to 52,808,589. Each holder of Common Stock is entitled to one vote for each share of Common Stock held at all meetings of stockholders.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 16 — COMMITMENTS AND CONTINGENCIES Other Leases On September 14, 2022, the Company entered into a one-year lease agreement which expired on September 14, 2023. And the Company expand its lease term to September 14, 2024. Upon entering into the lease, the Company paid a deposit, which is recorded as Other Assets in the consolidated balance sheet in the amount of $116,333 as of December 31, 2023, and $118,362 as of December 31, 2022. The Company has a lease agreement for a vehicle which was initially made on September 16, 2021, and matures on September 21, 2025. The deposit paid on the beginning date of the lease agreement is recorded as other asset in the consolidated balance sheet in the amount of $116,279 as of December 31, 2022. On December 28, 2023, the Company terminated the lease agreement earlier than the original contract, and the deposit amount of $64,725 was returned to the Company and the remaining of $51,554 was paid as the penalties. Expenses related to these leases totaled approximately $112,368 and $140,070 for the years ended December 31, 2023 and December 31, 2022. Legal Matters The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. In the opinion of management, the outcome of these matters will not have a material adverse effect on the consolidated financial position or results of operations of the Company. For the year ended December 31, 2023, the Company two suspended legal cases as follows, and as of July 10, 2024, the result of the two cases are not certain. Case Number Opponent Case Summary Litigation Value Seoul South Federal Court ; 2023GADAN218067 Seoul Yacht Marina, Co.Ltd, and another Building Delivery $ 85,686 Seoul South Federal Court ; 2024GASO214189 Seoul Yacht Marina, Co.Ltd Compensation for damages $ 10,644 Other Matters On January 30, 2020, the World Health Organization (“ WHO COVID-19 Outbreak The management of the Company is actively monitoring its financial condition, liquidity, operations, suppliers, industry, and workforce. Although the Company cannot estimate the length or gravity of the impacts of this event at this time, if the pandemic continues, it may have an adverse effect on the Company’s consolidated financial condition, liquidity, and future results of operations.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 17 — RELATED PARTY TRANSACTIONS The Company is affiliated with several individuals that have common ownership, and transacts a portion of its business with related parties. Short-Term Loan Payables December 31, December 31, Munjoong Kang maturing in February 2024 $ — $ 149,122 Siyoung Jang maturing in December 2023 — 78,908 Changhyuk Kang maturing in October 2023 — 31,563 Total — 259,593 Siyoung Jang On December 8, 2021, the Company and Siyoung Jang, one of our co-founders, entered into an interest-free, short-term borrowing agreement with a principal amount of $84,352, which matures on December 7, 2022. The Company received the amount of $84,352 in the form of cash. The Company and Siyoung Jang entered into an extension agreement with $5,444 of translation adjustment, which matures on December 7, 2023. On June 30, 2023, the Company repaid short-term borrowings in the aggregate amount of $38,778 to Siyoung Jang, in cash. On July 10, 2023, July 13, 2023, and September 5, 2023, the Company repaid short-term borrowings in the aggregate amount of $38,778 to Siyoung Jang, in cash. The remaining amount of $1,353 in outstanding balance as of December 31, 2023, compared to the balance as of December 31, 2022 was currency translation adjustment. Changhyuk Kang On July 1, 2021, the Company exchanged $590,468 in short-term borrowings held by Changhyuk Kang, now the Company’s Chief Executive Officer, for bonds with warrants in an equal amount. The bond accrues no annual interest and matures on July 1, 2024. The warrants have an exercise price of $0.42, and can be exercised at any time after the issuance date, and expire the month preceding the maturity date of the bonds. On October 27, 2021, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with a principal amount of $168,705, which matured on October 26, 2021. The Company received the amount of $168,705 in cash. On December 21, the Company partially repaid the short-term borrowing in the amount of $130,746, in the form of cash. The Company and Mr. Kang entered into an extension agreement, which matures on October 26, 2023. On January 28, 2022, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with a principal amount of $15,782, which matures on January 27, 2023. The Company received the amount of $15,782 in cash. On February 15, 2022, the Company repaid the short-term borrowing of $15,782 in full, in the form of cash. On April 5, 2022, the Company and Mr. Kang, entered into an interest-free, short-term borrowing agreement with a principal amount of $31,563, which matures on April 4, 2023. The Company received the amount of $31,563 in cash. On January 19, 2023, the Company repaid short-term borrowings in the aggregate amount of $31,022 to Mr. Kang, in cash. The remaining amount of $541 in outstanding balance as of December 31, 2023, compared to the balance as of December 31, 2022 was currency translation adjustment. The following table shows Changhyuk Kang’s loan payables balance in detail: December 31, December 31, Loan payables maturing in April 4, 2023 — 31,563 Total — 31,563 Munjoong Kang On January 1, 2021, Munjoong Kang, one of our co-founders, bought the rights to receive $2,783,636 from the Company in the form of an interest-free, short-term borrowing from an unrelated third-party, Dongwook Lee, and $12,653 in the form of an interest-free, short-term borrowing from an unrelated third-party, Daepil Seo. Both borrowings’ maturity date was December 31, 2021. On January 1, 2021, the Company assigned non-trade receivables in the amount of $1,114 to offset a portion of the short-term borrowings purchased by Mr. Kang. The Company and Mr. Kang agreed to reduce the amount of the short-term borrowings by an additional $486,366 as an offset against debt owed to the Company by Mr. Kang Munjoong of $45,956, and Ms. Siyoung Jang of $440,410. On January 1, 2021, $326,755 of Munjoon Kang’s short-term borrowings were exchanged for a short-term loan owed by Mr. Kang to other creditors based on the agreements made by parties. During the year ended December 31, 2021, the Company repaid short-term borrowings owed to Mr. Kang in the aggregate amount of $331,479, in cash. On March 31, 2021, pursuant to the RnDeep Merger, the Company assumed certain interest-free, short-term borrowings of RnDeep owed to Mr. Kang in the amount of $107,469, which matured on May 29, 2022. On November 15, 2021, Mr. Kang bought interest free, short-term borrowings of $124,420 from an unrelated third party. The short-term borrowings have a maturity date of November 14, 2022. On December 13, 2021, December 14, 2021, and December 20, 2021, Mr. Kang sold his rights to receipt of debt obligations of HBC of $337,410, $1,518,347, and $200,905, respectively, to unrelated third parties. On December 21, 2021, the Company issued Mr. Kang 295,000 common shares of HBC as payment in full for certain short-term borrowings held by Mr. Kang in the aggregate amount of $124,420. On January 25, 2022, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with a principal amount of $315,632, and which matures on January 24, 2023. The Company received the amount of $315,632 in cash. On dates from January 26, 2022 through May 31, 2022, the Company repaid the short-term borrowings in full in cash. On March 4, 2022, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with a principal amount of $236,724, which matures on March 3, 2023. The Company received the amount of $236,724 in cash. On June 29, 2022, through December 28, 2022, the Company repaid the full amount of $236,724 to Mr. Kang in the form of cash. On May 11, 2022 through December 12, 2022, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreements with an aggregate principal amount of $164,523, which mature on dates between May 10, 2023 through December 11, 2023. The Company received the amount of $164,523 in cash. On December 30, 2022, the Company made a partial repayment of $15,401 to Mr. Kang in the form of cash. On January 11, 2023 through February 27, 2024, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with an aggregate principal amount of $610,247, which matured on dates between January 10, 2024 through February 26, 2024. The Company received the amount of $610,247 in cash. On January 9, 2023, through March 23, 2023, the Company repaid short-term borrowings in the aggregate amount of $649,614 to Mr. Kang, in cash, of which the outstanding balance of $149,122 as of December 31, 2022, was repaid in full, and the borrowing amount of $500,492 from January 11, 2023, and February 27, 2023, was repaid partially. On April 18, 2023 through May 26, 2024, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with an aggregate principal amount of $140,375, which matured on dates between April 17, 2024 through May 25, 2024. The Company received the amount of $140,375 in cash. On April 4, 2023, through June 22, 2023, the Company repaid short-term borrowings in the aggregate amount of $202,500 to Mr. Kang, in cash. On July 3, 2023, the Company repaid short-term borrowings in the aggregate amount of $38,778 to Mr. Kang, in cash. On November 8, 2023, the Company and Mr. Kang entered into an interest-free, short-term borrowing agreement with a principal amount of $23,267, which matured on November 7, 2024. The Company received the amount of $140,375 in cash. On October 31, 2023 thorough November 9, 2023, the Company repaid short-term borrowings in the aggregate amount of $29,564 to Mr. Kang, in cash. The remaining amount of ($2,555) in outstanding balance as of December 31, 2023, was currency translation adjustment. The following table shows Munjoong Kang’s loan payables balance in detail: December 31, December 31, Loan payables maturing in May 12, 2023 through May 30, 2023 $ — $ 99,015 Loan payables maturing in July 29, 2023 through August 7, 2023 — 36,298 Loan payables maturing in October 17, 2023 — 4,340 Loan payables maturing in December 11, 2023 — 9,469 Loan payables maturing in February 26, 2024 — — Loan payables maturing in May 17, 2024 — 9,469 Loan payables maturing in May 25, 2024 — — Total — 149,122 Investments On October 18, 2021, the Company purchased bonds with warrants issued by Setopia, for total consideration of $1,687,052 (the “ Setopia Bonds with warrants On October 4, 2022, the Company purchased convertible bonds issued by Setopia, for total consideration of $635,000 (the “Setopia Convertible Bonds”). The Setopia Convertible Bonds were initially issued on January 27, 2022, with no annual interest and a maturity date of January 27, 2025. The form of consideration was to accept the consideration of warrants with an exercise price of $1.27 to purchase 500,000 shares of Common Stock. On October 27, 2022, Setopia sold the warrants of the Company with an exercise price of $1.27 to purchase 3,000,000 shares of Common stock for a total sale consideration of $95,272, to an unaffiliated and unrelated third party, and Setopia becomes an unaffiliated and unrelated third party, not a related party of the Company since Setopia is a stockholder who owns less than 10% of the Company’s outstanding securities.

Disposal of Subsidiaries and Di

Disposal of Subsidiaries and Discontinued Operations	12 Months Ended
	Dec. 31, 2023
Disposal of Subsidiaries and Discontinued Operations [Abstract]
DISPOSAL OF SUBSIDIARIES AND DISCONTINUED OPERATIONS	NOTE 18 — DISPOSAL OF SUBSIDIARIES AND DISCONTINUED OPERATIONS HBC sold owned whole shares of Hanryu Times with $153,265, Fantoo Entertainment with $76,604, and K-Commerce with $229,813 on December 28, 2023. The company would not consolidate the three companies’ financials from that time, and the business from the three companies by that time became the discontinued operations of the Company. By selling shares, the Company didn’t recognize any loss on sale of investments, but the Company recorded $3,390,323 as Gain on disposal of subsidiary. On December 28, 2023, the Company calculated a gain regarding the divestiture of subsidiaries as follows: As of December 28, Considerations $ 459,682 The carrying amount of any noncontrolling interest 236,166 Net liabilities (2,694,475 ) Gain on disposal of subsidiaries $ 3,390,323 The financials of the three companies for the years ended December 31, 2023 and December 31, 2022 are as follows. December 31, December 31, CURRENT ASSETS: $ 62,216 $ 133,934 Cash and Cash Equivalents 1,996 695 Short-term loans 7,756 118,362 Accounts receivable, net of allowance 2,863 92 Non-trade receivables 33,850 12,991 Prepaid expenses and other receivables 15,751 1,794 PROPERTY PLANTAND EQUIPMENT, NET 98,682 135,133 Total Assets $ 160,898 $ 269,067 CURRENT LIABILITIES: $ 2,855,373 $ 979,623 Short-term borrowings 1,527,104 64,667 Account Payable 369,266 371,183 Non-trade accounts payable 941,968 533,799 Accrued expenses and other current liabilities 17,035 9,974 Total Liabilities $ 2,855,373 $ 979,623 Total Stockholder's Equity (Deficiency) $ (2,694,475 ) $ (710,556 ) December 31, December 31, Sales 33,323 112,934 Cost of Revenue 10,506 47,945 Gross profit (Loss) $ 22,817 $ 64,989 OPERATING EXPENSES: 1,235,907 1,246,790 OPERATING LOSS (1,213,090 ) (1,181,801 ) OTHER INCOME(EXPENSE): (2,562 ) (611 ) Net loss before taxes (1,215,652 ) (1,182,412 ) Income tax expense — — NET INCOME(LOSS) $ (1,215,652 ) $ (1,182,412 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 19 — SUBSEQUENT EVENTS The Company has evaluated subsequent events that occurred subsequent to December 31, 2023 through June 27, 2024 at which the consolidated financial statements were prepared. The maturity of short-term loan payables from Kye Sook Kim and other ($620,443) originally maturing in June 2024 is extended to June 2025, Bond with warrants ($3,489,995) maturing on July 2, 2024 will be converted into equity by the agreement between the Company and Bond with warrants holder in July 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (9,285,910)	$ (6,240,247)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of the Company include the financial statements of Hanryu Holdings, and its three wholly owned subsidiaries, HBC, FNS, and Marine Island in 2023, and its five wholly owned subsidiaries, HBC, FNS, Hanryu Times, Fantoo Entertainment, and Marine Island and majority-owned subsidiary (50.8%), K-Commerce in 2022. All significant intercompany transactions and balances have been eliminated in consolidation. Non-controlling interests are measured at their proportionate share of the acquiree’s identifiable net assets at the acquisition date. Changes in the consolidated group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. The ownership of non-controlling interests of K-Commerce, out significant consolidated subsidiary as of December 31, 2022, was 49.2%. Since HBC sold owned whole shares of Hanryu Times, Fantoo Entertainment, and K-Commerce, at December 28, 2023, they are not consolidated from December 28, 2024, and N the controlling interests of K-Commerce become $0
Foreign Currency	Foreign Currency The Company’s functional currency for all operations is the KRW. The Company’s accounting records are maintained in KRW, and translated into U.S. Dollars at year-end for the purposes of presentation. During the translation process, the year-end closing exchange rate is used for the valuation of all assets and liabilities, historical exchange rate is used to value stockholder’s equity, and the average exchange rate for the year is used for the calculation of the consolidated financial statements. The net impact of the translation into the U.S. Dollar is included in the accumulated other comprehensive income (loss) of the Company’s consolidated balance sheet as of December 31, 2023 and December 31, 2022. During the year ended December 31, 2023, there was a fluctuation in the exchange rates ranging from KRW 1,219.30/USD $1 to KRW 1,340.20/USD $1. Also, cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated financial statements and related disclosures in conformity with U.S. Generally Accepted Accounting Principles (“ US GAAP
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. The Company maintains its cash in bank deposit accounts which, at times, may exceed the federal insurance limit, and the balance of deposit accounts of the Company exceed the federal insurance limit as of December 31, 2023.
Accounts Receivable	Accounts Receivable Accounts receivables are recorded at the invoiced amount and do not bear interest. Amounts collected on trade accounts receivable are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers’ financial condition in dispute, and the current receivables aging and current payment patterns. The Company reviews its allowance for doubtful accounts quarterly. Past-due balances over 90 days and over a specified amount are reviewed individually for collectability. Account balances are written off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company recorded the allowance of $0 on the accompanying consolidated balance sheets as of December 31, 2023 and December 31, 2022. The Company does not have any off-balance-sheet credit exposure related to its customers.
Non-Trade Receivables	Non-Trade Receivables Non-trade receivables are recorded at the invoiced amount and do not bear interest. Amounts collected on non-trade receivables are included in net cash provided by operating activities in the consolidated statements of cash flows. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its non-trade receivables portfolio. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers’ financial condition in dispute, and the current receivables aging and current payment patterns. The Company reviews its allowance for doubtful accounts quarterly. Past-due balances over 90 days and over a specified amount are reviewed individually for collectability. Account balances are written off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company recorded the allowance of $0 and $12,941 on the accompanying consolidated balance sheets as of December 31, 2023 and December 31, 2022 respectively. The Company does not have any off-balance-sheet credit exposure related to its customers.
Revenue Recognition	Revenue Recognition The Company anticipates generating revenues from (i) FANTOO platform through advertising, direct sales, and user to user commissions, and (ii) other businesses. Revenue billed or collected in advance will be recorded as deferred revenue until the event occurs or until applicable performance obligations are satisfied. Revenue is recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services. In this regard, revenue is recognized when: (i) the parties to the contract have approved the contract (in writing, orally, or in accordance with other customary business practices) and are committed to perform their respective obligations; (ii) the entity can identify each party’s rights regarding the goods or services to be transferred; (iii) the entity can identify the payment terms for the goods or services to be transferred; (iv) the contract has commercial substance (that is, the risk, timing, or amount of the entity’s future cash flows is expected to change as a result of the contract); and (v) it is probable that the entity will collect substantially all of the consideration to which it will be entitled in exchange for the goods or services that will be transferred to the customer. Transaction prices are based on the amount of consideration to which we expect to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties, if any. We consider the explicit terms of the revenue contract, which are typically written and executed by the parties, our customary business practices, the nature, timing, and the amount of consideration promised by a customer in connection with determining the transaction price for our revenue arrangements. Refunds and sales returns historically have not been material. For the years ended December 31, 2023 and December 31, 2022, the Company recognized product sales revenue amounting to $71,242 and $0. Revenue is derived at the point in time when merchandise is sold and shipped or delivered to customers. Merchandise sales are fulfilled with inventory sourced from our owned inventory. Although the Company does not currently have any inventory as of the balance sheet date, the Company, from time to time, may hold products in inventory for an abbreviated amount of time before shipping such inventory and recognizing the corresponding revenue. Revenue is recognized when control of the product passes to the customer, typically at the date of delivery of the merchandise to the customer, or the date a service is provided and is recognized in an amount that reflects the expected consideration to be received in exchange for such goods or services. As such, customer orders are recorded as unearned revenue prior to delivery of products or services ordered. If the Company ships high volumes of packages through multiple carriers, the Company will use estimates to determine which shipments are to be delivered and, therefore, recognized as revenue at the end of the period. Delivery date estimates are based on average shipping transit times, which are calculated using the following factors: (i) the type of shipping carrier (as carriers have different in-transit times); (ii) the fulfilment source; (iii) the delivery destination; and (iv) actual transit time experience, which shows that delivery date is typically one to eight business days from the date of shipment. The Company reviews and updates our estimates on a quarterly basis based on our actual transit time experience. However, actual shipping times may differ from our estimates. Generally, the Company requires authorization from credit cards or other payment vendors whose services the Company offers to customers or verification of receipt of payment, before the Company ships products to purchasers. The Company generally receives payments from our customers before our payments to our suppliers are due. The Company does not recognize assets associated with costs to obtain or fulfill a contract with a customer. Shipping and handling is considered a fulfillment activity, as it takes place prior to the customer obtaining control of the merchandise, and fees charged to customers are included in net revenue upon completion of our performance obligations. The Company presents revenue net of sales taxes, discounts, and expected refunds. Merchandise sales contracts include terms that could cause variability in the transaction price for items such as discounts, credits, or sales returns. Accordingly, the transaction price for product sales includes estimates of variable consideration to the extent it is probable that a significant reversal of revenue recognized will not occur. At the time of sale, the Company estimates a sales return liability for the variable consideration based on historical experience, which is recorded within “Accrued Liabilities” in the consolidated balance sheet. The Company records an allowance for returns based on current period revenues and historical returns experience. The Company analyzes actual historical returns, current economic trends and changes in order volume, and acceptance of our products when evaluating the adequacy of the sales returns allowance in any accounting period. The Company evaluates the criteria outlined in the Financial Accounting Standards Board (“ FASB ASC Principal versus Agent Considerations The customers and sales amount with more than 10% of total revenue as a gross basis for the years ended December 31, 2023 and December 31, 2022 are as follows, and they are the advertising revenue. Fiscal Year Customer Sales Amount % 2023 A $ 191,511 19 % 2023 B $ 696,403 69 % 2022 C $ 774,024 87 %
Cost of Revenue	Cost of Revenue Cost of revenue is recognized at the time the products or services are delivered to the customers. Cost of revenue includes all direct labor, material, shipping and handling cost and other direct costs such as travel, postage, telecommunication, vehicle charge, printing, and training, and allocated indirect costs related to revenue such as supplies, utilities, office equipment rental, and computers.
Property Plant and Equipment	Property Plant and Equipment Property plant and equipment are carried at cost (see Note 5). Depreciation expense is provided over the estimated useful lives of the assets using the straight line method for vehicles and the declining balance method for fixtures and equipment. A summary of the estimated useful lives is as follows: Classification Estimated Vehicles 5 Fixtures 5 Equipment 5 Maintenance and repairs are charged to expense as incurred, while any additions or improvements are capitalized. The Company evaluates property and equipment for impairment when facts and circumstances indicate that the carrying values of such assets may not be recoverable. When evaluating for impairment, the Company first compare the carrying value of the asset to the asset’s estimated future undiscounted cash flows. If the estimated undiscounted future cash flows are less than the carrying value of the asset, the Company determines if there is an impairment loss by comparing the carrying value of the asset to the asset’s estimated fair value and recognizes an impairment charge when the asset’s carrying value exceeds its estimated fair value. The fair value of the asset is estimated using a discounted cash flow model based on forecasted future revenues and operating costs, using internal projections. There were no significant property and equipment asset impairment charges recorded during the year ended December 31, 2023, and the year ended December 31, 2022.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company assesses the recoverability of long-lived assets whenever events or changes in circumstances indicate that their carrying value may not be recoverable. If the cost basis of a long-lived asset is greater than the projected future undiscounted net cash flows from such asset, an impairment loss is recognized. Impairment losses are calculated as the difference between the cost basis of an asset and its estimated fair value. There were no significant long-lived assets impairment charges recorded during the year ended December 31, 2023 and the year ended December 31, 2022.
Concentrations of Credit Risk	Concentrations of Credit Risk Cash and cash equivalents are financial instruments that potentially subject the Company to concentrations of credit risk. The Company may maintain deposits in financial institutions in excess of government insured limits. The Company believes that it is not exposed to significant credit risk as its deposits are held at financial institutions that management believes to be of high credit quality and the Company has not experienced any losses on these deposits. The Company is also potentially subject to concentrations of credit risk in its accounts receivable and loans. Credit risk with respect to receivables is limited due to the number of companies comprising the Company’s customer base. Credit risk with respect to loans is limited since they are made principally related to the collaborative activities between the Company and loan holders. Since the Company is directly affected by the financial condition of its customers and loan holders, management carefully watch if any significant credit risks exist, and they will make actions to remove or mitigate such risks if there are any. For the years ended December 31, 2023 and December 31, 2022, over 10% of the revenues are from two customers and one customer, but there are no receivable balances from them. Also, over 10% of the account receivable for the year ended December 31, 2023 is from Hanryu Times, which was the affiliated company by December 28, 2023, and Hanryu Times and the company already agreed to the payment plan that Hanryu Times would pay back all by the end of December 31, 2024. Therefore, as of December 31, 2023 and December 31, 2022, the Company believes that the credit risk for the account receivables is manageable and controllable. Generally, the Company does not require collateral or other securities to support its accounts receivable and loans.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair value of Company’s financial instruments, consisting of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, debt receivables, debt payables approximate their recorded amounts due to their relatively short settlement terms.
Fair Value Measurements	Fair Value Measurements The Company applies a three-level valuation hierarchy for fair value measurements. The categorization of assets and liabilities within the valuation hierarchy is based on the lowest level of input that is significant to the measurement of fair value. Level 1 Inputs to the valuation methodology utilize unadjusted quoted market prices in active markets for identical assets and liabilities. Level 2 Inputs to the valuation methodology are other observable inputs, including quoted market prices for similar assets and liabilities, quoted prices for identical and similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 Inputs to the valuation methodology are unobservable inputs based on management’s best estimate of the inputs that market participants would use in pricing the asset or liability at the measurement date, including assumptions about risk. A change to the level of an asset or liability within the fair value hierarchy is determined at the end of a reporting period.
Investments	Investments The Company’s investments are carried at historical cost. As of December 31, 2023 and December 31, 2022, there is no balance of investments.
Earning (Loss) Per Share	Earning (Loss) Per Share Basic earning (loss) per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of Common Stock for the applicable period. Diluted earning (loss) per share is computed by dividing the income or loss by the weighted-average number of outstanding shares of Common Stock for the applicable period, including the dilutive effect of Common Stock equivalents. Potentially dilutive Common Stock equivalents primarily consist of warrants issued in connection with financings. For purposes of computing both basic and diluted earning (loss) per share, income or loss shall exclude the income or loss attributable to the non-controlling interest. The Company calculates net loss per share in accordance with FASB ASC Topic 260, Earnings Per Share
Income Taxes	Income Taxes Deferred income tax assets and liabilities are determined based on differences between the financial statement reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws in effect when the differences are expected to reverse. The measurement of deferred income tax assets is reduced, if necessary, by a valuation allowance for any tax benefits which are not expected to be realized. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in the period that such tax rate changes are enacted. We have determined that all of our deferred tax benefits are not likely to be realized due to our historical and expected future taxable losses. Accordingly, we have maintained a full valuation allowance. The Company applies the provisions of FASB ASC Topic 740-10, Uncertainty in Income Taxes Income taxes on the Company’s taxable income from operating activities are subject to various tax laws and determinations of the authority in the ROK. Regarding taxes payable in the ROK, if a certain portion of taxable income is not used for investments or for increases in wages or dividends, in accordance with the Tax System for Recirculation of Corporate Income, the Company is liable to pay additional income tax calculated based on Korean tax law. The Company assesses uncertainty over a tax treatment. When the Company concludes it is not probable that the taxation authority will accept an uncertain tax treatment, the Company will reflect the effect of uncertainty for each uncertain tax treatment by using either of the following methods, depending on which method the Company expects to better predict the resolution of the uncertainty; ● The most likely amount: The single most likely amount in a range of possible outcomes. ● The expected value: The sum of the probability-weighted amounts in a range of possible outcomes.
Lease	Lease Under ASC 842, the determination of whether an arrangement is a lease is made at the lease’s inception and a contract is (or contains) a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is defined under the standard as having both the right to obtain substantially all of the economic benefits from use of the asset and the right to direct the use of the asset. Management only reassesses its determination if the terms and conditions of the contract are changed. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities, and operating lease liabilities in our balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our balance sheets. ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses the implicit rate when it is readily determinable. Since most of the Company’s leases do not provide an implicit rate, to determine the present value of lease payments, management uses the Company’s incremental borrowing rate based on the information available at lease commencement. Operating lease ROU assets also includes any lease payments made and excludes any lease incentives. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately with amounts allocated to the lease and non-lease components based on stand-alone prices or for which it has made an accounting policy election to account for these as a single lease component. For certain equipment leases, like vehicles, the Company accounts for the lease and non-lease components as a single lease. Refer to Note 7 for additional disclosures required as a result of the adoption of this new standard.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In August 2020, the FASB issued ASU No. 2020-06, Debt Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging Contracts in Entity s Own Equity (Subtopic 815-40) Accounting for Convertible Instruments and Contracts in an Entity s Own Equity ASU 2020-06 In November 2019, the FASB issued ASU 2019-10, “ Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements.

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies [Abstract]
Schedule of Revenue Gross Basis	The customers and sales amount with more than 10% of total revenue as a gross basis for the years ended December 31, 2023 and December 31, 2022 are as follows, and they are the advertising revenue. Fiscal Year Customer Sales Amount % 2023 A $ 191,511 19 % 2023 B $ 696,403 69 % 2022 C $ 774,024 87 %
Schedule of Property Plant and Equipment Estimated Useful Lives	A summary of the estimated useful lives is as follows: Classification Estimated Vehicles 5 Fixtures 5 Equipment 5

Short-Term Loan Receivables (Ta

Short-Term Loan Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Short-Term Loan Receivables [Abstract]
Schedule of Short Term Loans Receivables	The following table summarizes information with regard to short-term loan receivables outstanding as of December 31, 2023 and December 31, 2022, and the interest income from short-term loan receivables is $30,613 and $0 for the year ended December 31, 2023 and December 31, 2022. Interest December 31, December 31, Hanryu Times 0 % $ 1,033,659 $ — K-Commerce 0 % 76,586 — FANTOO Entertainment 0 % 381,270 — LA PRIMERA CAPITAL INVESTMENTS 0 % 30,672 — Jacob Asset 4.6 % 2,087,578 — Ticket Land 4.6 % 79,727 — AMERIDGE CORPORATION 0.1 % 100,408 — Marina Entertainment 0 % — 473,902 Naeun Kim 0 % — 39,454 Total short-term loans $ 3,789,900 $ 513,356

Prepaid Expenses and Other Re_2

Prepaid Expenses and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Prepaid Expenses and Other Receivables [Abstract]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables	The following table summarizes information with regard to prepaid expenses and other receivables as of December 31, 2023 and December 31, 2022. December 31, December 31, Daeho Construction, Co.,Ltd $ — $ 71,806 Toping, Co.,Ltd — 72,911 Top Eng, Co., Ltd. — 157,816 Jacob Asset, Co.Ltd 7,755,545 — Orumplus Design, Co., Ltd 25,593 — Asia Model Festival Organization Foundation 77,556 — Others 44,341 57,985 Total prepaid expenses and other receivables $ 7,903,035 $ 360,518

Property Plant and Equipment (T

Property Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property Plant and Equipment [Abstract]
Schedule of Property Plant and Equipment	Property plant and equipment consist of the following: December 31, December 31, Vehicles $ 222,733 $ 97,422 Fixtures 352,356 219,993 Equipment 707,437 252,828 1,282,526 570,243 Less accumulated depreciation (653,341 ) (317,153 ) Property plant and equipment, net $ 629,185 $ 253,090

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investments [Abstract]
Schedule of Changes in Investments	Changes in investments, for the years ended December 31, 2023 and December 31, 2022, are as follows December 31, December 31, Beginning $ — $ 1,695,299 Increase — 635,000 Decrease — (2,183,822 ) Loss on sale of investments — (6,794 ) Translation Adjustment — (139,683 ) Total Investments $ — $ —

Short-Term Loan Payables (Table

Short-Term Loan Payables (Tables)	12 Months Ended
	Dec. 31, 2023
Short-Term Loan Payables (Tables) [Line Items]
Schedule of Short-Term Loan Payables Outstanding	The following table summarizes information with regard to short-term loan payables outstanding as of December 31, 2023 and December 31, 2022. Interest Rate December 31, December 31, Short-term loan payables from Sungil Jeon maturing in December 2023 0 % $ — $ 165,707 Short-term loan payables from Junwoo Choi maturing in August 2024 0 % 193,889 39,454 Short-term loan payables from Minja Nam maturing in November 2023 18 % — 394,540 Short-term loan payables from Byoung Ik Choi maturing in September 2024 0 % 155,111 — Short-term loan payables from Bong Sang Kim and others maturing in September 2024 0 % 232,666 — Short-term loan payables from Se Kyoung Kim and others maturing in November 2024 4.6 % 387,778 — Short-term loan payables from Kye Sook Kim and others maturing in June 2024 4.6 % 620,443 Short-term loan payables from Gwanmin Park maturing in December 2023 0 % — 7,891 Short-term loan payables from Seorin Partners Co., Ltd maturing in June 2023 0 % — 78,908 Short-term loan payables from Taeshin Tax Accounting Corporation maturing in April 2023 and October 2023 0 % — 36,297 Total short-term loan payables $ 1,589,887 $ 722,797
Related Party [Member]
Short-Term Loan Payables (Tables) [Line Items]
Schedule of Short-Term Loan Payables Outstanding	The following table summarizes information with regard to short-term loan payables from related parties outstanding as of December 31, 2023 and December 31, 2022. SiYoung Jang and Munjoong Kang are HBC’s co-founders and shareholders of Hanryu Holdings, and Changhyuk Kang serves as Chief Executive Officers and Director of Hanryu Holdings and HBC. December 31, December 31, 2022 Short-term loan payables from Munjoong Kang maturing in February 2024 — 149,122 Short-term loan payables from Siyoung Jang maturing in December 2023 — 78,908 Short-term loan payables from Changhyuk Kang maturing in October 2023 — 31,563 Total short-term loan payables from related parties $ — $ 259,593

Bonds With Warrants (Tables)

Bonds With Warrants (Tables)	12 Months Ended
	Dec. 31, 2023
Bonds With Warrants [Line Items]
Schedule of Outstanding Warrants to Purchase the Company’s Common Stock	The following two tables summarizes information with regard to bonds with warrant outstanding as of December 31, 2023 and December 31, 2022. Amount as of December 31, 2021 $ 3,795,867 Translation adjustment (245,011 ) Amount as of December 31, 2022 $ 3,550,856 Translation adjustment (60,861 ) Amount as of December 31, 2023 $ 3,489,995
Schedule of Terms and Conditions of Bonds with Warrants	Terms and conditions of bonds with warrants at the inception are as follows: No. Issue Date Maturity Amount Nominal Interest 11 7/2/2021 7/2/2024 $ 3,489,995 0 % 3 % Total $ 3,489,995 * Nominal interest rate and interest rate of return are waived by the separate agreements between the Company and the bondholders.
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing	The fair value of the issued warrants were determined using the Black Scholes option pricing model with the following assumptions: Dividend yield: 0% Volatility 43.36% Risk free rate: 0.08% Expected life: 1 – 2 years Estimated fair value of the Company’s Common Stock $0.47 Dividend yield: 0% Volatility 43.36% Risk free rate: 0.05 – 0.07% Expected life: 0.5 – 3 years Estimated fair value of the Company’s Common Stock $0.47
Schedule of Outstanding Warrants to Purchase the Company’s Common Stock	A summary of the warrant activity for the year ended December 31, 2023 and the year ended December 31, 2022 is as follows: Shares Weighted- Average Exercise Weighted Average Remaining Contractual Term Outstanding at December 31, 2021 11,404,121 $ 0.87 1.72 Expired 537,455 0.42 Exercised 3,671,156 0.72 Outstanding at December 31, 2022 7,195,510 $ 0.98 0.58 Expired 1,681,191 0.42 Exercised 5,514,319 1.11 Outstanding at December 31, 2023 - 1.27 0.42

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022 are summarized in the table below. December 31, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ — $ — $ — $ — Liabilities Bonds with warrants $ — $ — $ 3,489,995 $ 3,489,995 December 31, 2022 Level 1 Level 2 Level 3 Total Assets Investments $ — $ — $ — $ — Liabilities Bonds with warrants $ — $ — $ 3,550,856 $ 3,550,856

Significant Non-Cash Transact_2

Significant Non-Cash Transaction (Tables)	12 Months Ended
	Dec. 31, 2023
Significant Non-Cash Transaction [Abstract]
Schedule of Significant Non-Cash Investing and Financing Activities	The company engaged in the following significant non-cash investing and financing activities for the years ended December 31, 2023 and 2022. December 31, December 31, Offsetting short-term loan payables by exercising warrants to purchase 309,430 common stock (392,976 ) — Purchase of investment by exercising warrants to purchase 500,000 shares of common stock (635,000 ) Sale of investment by receiving a non-trade receivable due by February 28, 2023 710,171 Sales of investment by receiving a non-trade receivable due by April 30, 2023 867,987 Total $ (392,976 ) $ 943,158

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Schedule of Suspended Legal Cases	For the year ended December 31, 2023, the Company two suspended legal cases as follows, and as of July 10, 2024, the result of the two cases are not certain. Case Number Opponent Case Summary Litigation Value Seoul South Federal Court ; 2023GADAN218067 Seoul Yacht Marina, Co.Ltd, and another Building Delivery $ 85,686 Seoul South Federal Court ; 2024GASO214189 Seoul Yacht Marina, Co.Ltd Compensation for damages $ 10,644

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Short-Term Loan Payables	Short-Term Loan Payables December 31, December 31, Munjoong Kang maturing in February 2024 $ — $ 149,122 Siyoung Jang maturing in December 2023 — 78,908 Changhyuk Kang maturing in October 2023 — 31,563 Total — 259,593
Schedule of Loan Payables	The following table shows Changhyuk Kang’s loan payables balance in detail: December 31, December 31, Loan payables maturing in April 4, 2023 — 31,563 Total — 31,563 December 31, December 31, Loan payables maturing in May 12, 2023 through May 30, 2023 $ — $ 99,015 Loan payables maturing in July 29, 2023 through August 7, 2023 — 36,298 Loan payables maturing in October 17, 2023 — 4,340 Loan payables maturing in December 11, 2023 — 9,469 Loan payables maturing in February 26, 2024 — — Loan payables maturing in May 17, 2024 — 9,469 Loan payables maturing in May 25, 2024 — — Total — 149,122

Disposal of Subsidiaries and _2

Disposal of Subsidiaries and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2023
Disposal of Subsidiaries and Discontinued Operations [Abstract]
Schedule of Disposal of Subsidiaries and Discontinued Operations	On December 28, 2023, the Company calculated a gain regarding the divestiture of subsidiaries as follows: As of December 28, Considerations $ 459,682 The carrying amount of any noncontrolling interest 236,166 Net liabilities (2,694,475 ) Gain on disposal of subsidiaries $ 3,390,323 The financials of the three companies for the years ended December 31, 2023 and December 31, 2022 are as follows. December 31, December 31, CURRENT ASSETS: $ 62,216 $ 133,934 Cash and Cash Equivalents 1,996 695 Short-term loans 7,756 118,362 Accounts receivable, net of allowance 2,863 92 Non-trade receivables 33,850 12,991 Prepaid expenses and other receivables 15,751 1,794 PROPERTY PLANTAND EQUIPMENT, NET 98,682 135,133 Total Assets $ 160,898 $ 269,067 CURRENT LIABILITIES: $ 2,855,373 $ 979,623 Short-term borrowings 1,527,104 64,667 Account Payable 369,266 371,183 Non-trade accounts payable 941,968 533,799 Accrued expenses and other current liabilities 17,035 9,974 Total Liabilities $ 2,855,373 $ 979,623 Total Stockholder's Equity (Deficiency) $ (2,694,475 ) $ (710,556 ) December 31, December 31, Sales 33,323 112,934 Cost of Revenue 10,506 47,945 Gross profit (Loss) $ 22,817 $ 64,989 OPERATING EXPENSES: 1,235,907 1,246,790 OPERATING LOSS (1,213,090 ) (1,181,801 ) OTHER INCOME(EXPENSE): (2,562 ) (611 ) Net loss before taxes (1,215,652 ) (1,182,412 ) Income tax expense — — NET INCOME(LOSS) $ (1,215,652 ) $ (1,182,412 )

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details)			3 Months Ended	12 Months Ended
	Oct. 03, 2021 USD ($)	Jun. 30, 2021 KRW (₩) ft²	May 10, 2022 $ / shares shares	Dec. 31, 2023 USD ($) ft² $ / shares		Dec. 31, 2022 USD ($) $ / shares		Dec. 31, 2021 USD ($)	[2]	Oct. 03, 2021 KRW (₩)	Mar. 31, 2021 $ / shares shares
Nature of Operations and Basis of Presentation [Line Items]
HBC common shares | shares											4,150,000
Common stock per share | $ / shares			$ 0.001	$ 0.001	[1]	$ 0.001	[1]				$ 0.45
Office space | ft²		19,200		19,200
Purchase price | ₩		₩ 3,500,000,000
Common shares issued and outstanding	100%		100%
Outstanding share percentage	50.80%
Short-term loan	$ 270,530									₩ 309,600,000
Voting right percentage			100%
Restricted shares of the company’s common stock | shares			42,565,786
Warrants outstanding			100%
Restricted shares of common stock | shares			10,046,666
Stockholders equity deficit | $				$ 13,068,465		$ (1,340,515)		$ 2,165,325
Working capital | $				(10,140,579)		757,981
Losses from operations | $				$ (10,527,845)		$ (5,421,525)
Changhyuk Kang [Member]
Nature of Operations and Basis of Presentation [Line Items]
Ownership percentage	100%									100%
HBC [Member]
Nature of Operations and Basis of Presentation [Line Items]
Ownership percentage			100%
[1] Retrospectively restated for effect of Change In Capital Structure Retrospectively restated for effect of Change in Capital Structure

Significant Accounting Polici_3

Significant Accounting Policies (Details)		12 Months Ended
	Dec. 28, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Significant Accounting Policies [Line Items]
Allowance for accounts receivables		$ 0	$ 0
Recognized online product sales revenue		71,242	0
Revenue basis		1,014,266	$ 889,045
Hanryu Holdings Subsidiaries [Member]
Significant Accounting Policies [Line Items]
Majority-owned subsidiary percentage			50.80%
K-Commerce [Member]
Significant Accounting Policies [Line Items]
Ownership percentage			49.20%
Non-Trade Receivables [Member]
Significant Accounting Policies [Line Items]
Allowance for accounts receivables		$ 0	$ 12,941
KRW [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Exchange rates		1,219.3
KRW [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Exchange rates		1,340.2
USD [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Exchange rates		1
USD [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Exchange rates		1
Forecast [Member]
Significant Accounting Policies [Line Items]
Noncontrolling interests	$ 0

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of Revenue Gross Basis - Customer Concentration Risk [Member] - Revenue, Segment Benchmark [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Customer A [Member]
Schedule of Revenue Gross Basis [Line Items]
Total revenue	$ 191,511
Revenue percentage	19%
Customer B [Member]
Schedule of Revenue Gross Basis [Line Items]
Total revenue	$ 696,403
Revenue percentage	69%
Customer C [Member]
Schedule of Revenue Gross Basis [Line Items]
Total revenue		$ 774,024
Revenue percentage		87%

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of Property Plant and Equipment Estimated Useful Lives	Dec. 31, 2023
Vehicles [Member]
Schedule of Property Plant and Equipment Estimated Useful Lives [Line Items]
Property and equipment estimated useful lives	5 years
Fixtures [Member]
Schedule of Property Plant and Equipment Estimated Useful Lives [Line Items]
Property and equipment estimated useful lives	5 years
Equipment [Member]
Schedule of Property Plant and Equipment Estimated Useful Lives [Line Items]
Property and equipment estimated useful lives	5 years

Short-Term Loan Receivables (De

Short-Term Loan Receivables (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-Term Loan Receivables [Line Items]
Short-term loan receivables	$ 30,613	$ 0
PRT Korea [Member]
Short-Term Loan Receivables [Line Items]
Short term loan wrote off	$ 193,889
Maturity date	Jun. 13, 2024

Short-Term Loan Receivables (_2

Short-Term Loan Receivables (Details) - Schedule of Short Term Loans Receivables - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term loans	$ 3,789,900	$ 513,356
Hanryu Times [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0%
Short-term loans	$ 1,033,659
K-Commerce [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0%
Short-term loans	$ 76,586
FANTOO Entertainment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0%
Short-term loans	$ 381,270
LA PRIMERA CAPITAL INVESTMENTS [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0%
Short-term loans	$ 30,672
Jacob Asset [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	4.60%
Short-term loans	$ 2,087,578
Ticket Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	4.60%
Short-term loans	$ 79,727
AMERIDGE CORPORATION [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0.10%
Short-term loans	$ 100,408
Marina Entertainment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0%
Short-term loans		473,902
Naeun Kim [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	0%
Short-term loans		$ 39,454

Prepaid Expenses and Other Re_3

Prepaid Expenses and Other Receivables (Details) - Top Eng, Co., Ltd. [Member]	12 Months Ended
	Dec. 31, 2023 USD ($)
Prepaid Expenses and Other Receivables [Line Items]
Prepaid expenses	$ 995,622
Contract term	1 year

Prepaid Expenses and Other Re_4

Prepaid Expenses and Other Receivables (Details) - Schedule of Information with Regard to Prepaid Expenses and Other Receivables - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables	$ 7,903,035	$ 360,518
Daeho Construction, Co.,Ltd [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables		71,806
Toping, Co.,Ltd [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables		72,911
Top Eng, Co., Ltd. [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables		157,816
Jacob Asset, Co.Ltd [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables	7,755,545
Orumplus Design, Co., Ltd [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables	25,593
Asia Model Festival Organization Foundation [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables	77,556
Others [Member]
Schedule of Information with Regard to Prepaid Expenses and Other Receivables [ Line Items]
Total prepaid expenses and other receivables	$ 44,341	$ 57,985

Property Plant and Equipment (D

Property Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property Plant and Equipment [Abstract]
Depreciation expense	$ 381,917	$ 215,111

Property Plant and Equipment _2

Property Plant and Equipment (Details) - Schedule of Property Plant and Equipment - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,282,526	$ 570,243
Less accumulated depreciation	(653,341)	(317,153)
Property plant and equipment, net	629,185	253,090
Vehicles [Member]
Schedule of Property Plant and Equipment [Line Items]
Property and equipment, gross	222,733	97,422
Fixtures [Member]
Schedule of Property Plant and Equipment [Line Items]
Property and equipment, gross	352,356	219,993
Equipment [Member]
Schedule of Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 707,437	$ 252,828

Investments (Details)

Investments (Details) - USD ($)

12 Months Ended

Dec. 31, 2022

Oct. 27, 2022

Oct. 04, 2022

Feb. 11, 2022

Oct. 18, 2021

Dec. 31, 2023

Dec. 31, 2022

May 06, 2023

May 04, 2023

Apr. 13, 2023

Mar. 24, 2023

Mar. 08, 2023

Jan. 11, 2023

Dec. 30, 2022

Jun. 29, 2022

May 11, 2022

Apr. 05, 2022

Mar. 04, 2022

Jan. 28, 2022

Jan. 27, 2022

Jan. 25, 2022

Dec. 08, 2021

Nov. 15, 2021

Jul. 02, 2021

Jul. 01, 2021

Apr. 07, 2021

Mar. 31, 2021

Mar. 17, 2020

Investments [Line Items]

Total consideration

$ 1,687,052

Warrants description

(i) warrants to purchase 666,666 Common Shares of HBC, valued at $873,805; and (ii) distribution of 100,000,000 KDC

Ownership percentage

10%

10%

Cash

$ 696,621

Non trade receivable

$ 1,578,158

$ 1,578,158

Translation adjustment

139,004

Total consideration

$ 95,272

$ 635,000

Maturity date

Jan. 27, 2025

May 06, 2023

Jan. 10, 2024

Apr. 04, 2023

Jan. 27, 2023

Jan. 27, 2025

Dec. 07, 2023

Nov. 14, 2022

Jul. 02, 2024

Jul. 01, 2024

Mar. 31, 2022

May 29, 2022

Mar. 17, 2023

Exercise price (in Dollars per share)

$ 1.27

$ 0.42

$ 1.27

Purchase of common stock (in Shares)

500,000

Investment balance

Restructuring Reserve, Translation and Other Adjustment

75,171

Rights and assets

$ 2,943,905

Investment description

(1) $8,247 to the purchase SMC Shares at a price of $0.87 per share, constituting 24.53% of the issued and outstanding common shares of SMC; and (2) $2,935,658 to SMC Receivable and the Lien, calculated by determining the present value of leasing the Seoul Marina facilities for free over 10 years. Sewang received $2,009,752 in the form of 23,000,000 KDC, and the remaining $934,153 in the form of cash.

Cash

$ 15,401

$ 236,724

$ 164,523

$ 31,563

$ 236,724

$ 315,632

Decrease investment balance amount

8,247

Currency translation adjustment

679

Loss on sale of investment

6,794

Lease cost (in Dollars per share)

$ 0.87

Lease years

8 years

Third Party [Member]

Investments [Line Items]

Cash

774

Setopia Bonds [Member]

Investments [Line Items]

Voting interest

2.06%

Non trade receivable

851,426

$ 710,171

Investment balance

1,687,052

1,687,052

Investment balance

$ 635,000

$ 635,000

Warrant [Member]

Investments [Line Items]

Warrants description

(i) warrants to purchase 666,666 Common Shares of HBC, valued at $873,805; and (ii) distribution of 100,000,000 KDC valued at $873,805.

Non trade receivable

$ 867,987

Exercise price (in Dollars per share)

$ 1.27

$ 1.27

$ 0.42

Warrant exercise price (in Dollars per share)

$ 1.27

Seoul Marina [Member]

Investments [Line Items]

Lease cost (in Dollars per share)

$ 0.44

Lease years

10 years

Equity Method Investment Ownership Percentage [Member]

Investments [Line Items]

Percentage of shares issued and outstanding

50%

Common Stock [Member]

Investments [Line Items]

Purchase of common stock (in Shares)

500,000

Investments (Details) - Schedul

Investments (Details) - Schedule of Changes in Investments - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Changes in Investments [Abstract]
Beginning		$ 1,695,299
Increase		$ 635,000
Decrease (in Dollars per share)		$ (2,183,822)
Loss on sale of investments		$ (6,794)
Translation Adjustment		(139,683)
Total Investments

Lease (Details)

Lease (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2023 KPW (₩)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($) ft²
Lease [Line Items]
Office space (in Square Feet) | ft²	19,200				19,200
Lease cost (in Won) | ₩		₩ 300,000,000
Present value calculation	10 years	10 years
Annual rent increase, percentage	(4.96%)	(4.96%)
Interest cost	(3.00%)
Bond Period	10 years	10 years
Korean bonds percentage	2.11%
Rent amount					$ 2,775,512
Amortization of right-of-use asset	$ 23,000
Initially allocated value				$ 2,935,658
Impairment lease				$ 158,278
Right-of-use-asset	1,918,966		$ 2,212,754
Operating lease cost	$ 287,487		$ 255,357
Operating leases	8 years
Average discount rate	3%
Korean Won [Member]
Lease [Line Items]
Exchange rate	1,188.5

Short-Term Loan Payables (Detai

Short-Term Loan Payables (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-Term Loan Payables [Line Items]
Interest expense payment	$ 2,595	$ 8,989
Loans Payable [Member]
Short-Term Loan Payables [Line Items]
Interest expense payment	$ 13,497	$ 8,989

Short-Term Loan Payables (Det_2

Short-Term Loan Payables (Details) - Schedule of Short-Term Loan Payables Outstanding - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Total short-term loan payables	$ 1,589,887	$ 722,797
Short-term loan payables from Sungil Jeon maturing in December 2023 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables		165,707
Short-term loan payables from Junwoo Choi maturing in August 2024 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables	$ 193,889	39,454
Short-term loan payables from Minja Nam maturing in November 2023 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	18%
Total short-term loan payables		394,540
Short-term loan payables from Byoung Ik Choi maturing in September 2024 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables	$ 155,111
Short-term loan payables from Bong Sang Kim and others maturing in September 2024 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables	$ 232,666
Short-term loan payables from Se Kyoung Kim and others maturing in November 2024 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	4.60%
Total short-term loan payables	$ 387,778
Short-term loan payables from Kye Sook Kim and others maturing in June 2024 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	4.60%
Total short-term loan payables	$ 620,443
Short-term loan payables from Gwanmin Park maturing in December 2023 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables		7,891
Short-term loan payables from Seorin Partners Co., Ltd maturing in June 2023 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables		78,908
Short-term loan payables from Taeshin Tax Accounting Corporation maturing in April 2023 and October 2023 [Member]
Schedule of Short-Term Loan Payables Outstanding [Abstract]
Interest Rate	0%
Total short-term loan payables		$ 36,297

Short-Term Loan Payables from R

Short-Term Loan Payables from Related Parties (Details) - Schedule of Short-Term Loan Payables from Related Parties - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Short Term Borrowings [Line Items]
Short-term loan payables from related parties		$ 259,593
Munjoong Kang [Member]
Schedule of Short Term Borrowings [Line Items]
Short-term loan payables from related parties		149,122
Siyoung Jang [Member]
Schedule of Short Term Borrowings [Line Items]
Short-term loan payables from related parties		78,908
Changhyuk Kang [Member]
Schedule of Short Term Borrowings [Line Items]
Short-term loan payables from related parties		$ 31,563

Bonds With Warrants (Details)

Bonds With Warrants (Details) - USD ($)

12 Months Ended

Jul. 02, 2021

Jul. 01, 2021

Apr. 07, 2021

May 06, 2020

Apr. 13, 2020

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

May 06, 2023

May 04, 2023

Apr. 13, 2023

Mar. 08, 2023

Jan. 11, 2023

Oct. 04, 2022

Apr. 05, 2022

Jan. 28, 2022

Jan. 27, 2022

Dec. 08, 2021

Nov. 15, 2021

Mar. 31, 2021

Dec. 31, 2020

Mar. 17, 2020

Bonds with Warrants [Line Items]

Minimum exercise prices (in Dollars per share)

$ 0.42

Maximum exercise prices (in Dollars per share)

$ 1.27

Shareholders of common shares (in Shares)

4,150,000

Aggregate purchase

$ 2,586,850

$ 1,687,906

Maturity date

Jul. 02, 2024

Jul. 01, 2024

Mar. 31, 2022

May 06, 2023

Jan. 10, 2024

Jan. 27, 2025

Apr. 04, 2023

Jan. 27, 2023

Jan. 27, 2025

Dec. 07, 2023

Nov. 14, 2022

May 29, 2022

Mar. 17, 2023

Warrant exercised amount

5,717,827

$ 2,004,368

Warrants and has exercised rights

$ 3,489,995

$ 3,550,856

$ 3,795,867

$ 6,709,559

Aggregate of warrants (in Shares)

13,077,455

13,077,455

Warrants exercise price (in Dollars per share)

$ 1.27

$ 0.42

$ 1.27

Warrants (in Shares)

3,000,000

10,077,455

3,666,666

Fair value

691,267

HBC Common Shares Warrant [Member]

Bonds with Warrants [Line Items]

Warrants exercise price (in Dollars per share)

$ 1.27

$ 0.42

Warrants [Member]

Bonds with Warrants [Line Items]

Fair value

1,065,018

HBC [Member]

Bonds with Warrants [Line Items]

Minimum exercise prices (in Dollars per share)

$ 1.27

$ 0.42

$ 0.42

Aggregate purchase

$ 3,795,867

$ 1,096,584

$ 3,153,714

Interest at an annual rate

1%

Warrant exercised amount

$ 11,420,268

Warrants and has exercised rights

$ 919,118

Aggregate of warrants (in Shares)

12,066,666

Warrants exercise price (in Dollars per share)

$ 0.42

HBC [Member] | RnDeep Merger [Member]

Bonds with Warrants [Line Items]

Shareholders of common shares (in Shares)

4,150,000

RnDeep Warrants [Member]

Bonds with Warrants [Line Items]

Minimum exercise prices (in Dollars per share)

$ 1.27

$ 0.42

$ 0.42

Aggregate purchase

$ 3,880,220

$ 1,687,052

$ 2,586,850

Maturity date

Apr. 13, 2023

Accrue interest

3%

3%

3%

RnDeep Merger [Member]

Bonds with Warrants [Line Items]

Warrants exercise price (in Dollars per share)

$ 1.27

Warrants (in Shares)

9,000,000

Bonds With Warrants (Details) -

Bonds With Warrants (Details) - Schedule of Bonds with Warrant Outstanding - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Bonds with Warrant Outstanding [Abstract]
Balance at beginning	$ 3,550,856	$ 3,795,867
Translation adjustment	(60,861)	(245,011)
Balance at ending	$ 3,489,995	$ 3,550,856

Bonds With Warrants (Details)_2

Bonds With Warrants (Details) - Schedule of Terms and Conditions of Bonds with Warrants - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Bonds With Warrants (Details) - Schedule of Terms and Conditions of Bonds with Warrants [Line Items]
Maturity	Jul. 02, 2024
Amount	$ 3,489,995	$ 3,550,856	$ 3,795,867	$ 6,709,559
11 [Member]
Bonds With Warrants (Details) - Schedule of Terms and Conditions of Bonds with Warrants [Line Items]
Issue Date	Jul. 02, 2021
Maturity	Jul. 02, 2024
Amount	$ 3,489,995
Nominal Interest Rate	0%
Interest Rate of Return	3%

Bonds With Warrants (Details)_3

Bonds With Warrants (Details) - Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing	12 Months Ended
	Dec. 31, 2023 $ / shares
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing [Abstract]
Dividend yield:	0%
Volatility	43.36%
Estimated fair value of the Company’s Common Stock (in Dollars per share)	$ 0.47
Warrant [Member]
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing [Abstract]
Dividend yield:	0%
Volatility	43.36%
Risk free rate:	0.08%
Estimated fair value of the Company’s Common Stock (in Dollars per share)	$ 0.47
Minimum [Member]
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing [Abstract]
Risk free rate:	0.05%
Expected life:	6 months
Minimum [Member] | Warrant [Member]
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing [Abstract]
Expected life:	1 year
Maximum [Member]
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing [Abstract]
Risk free rate:	0.07%
Expected life:	3 years
Maximum [Member] | Warrant [Member]
Schedule of Fair Value of the Issued Warrants were Determined using the Black Scholes Option Pricing [Abstract]
Expected life:	2 years

Bonds With Warrants (Details)_4

Bonds With Warrants (Details) - Schedule of Warrant Activity - Warrant [Member] - $ / shares		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Schedule of Warrant Activity [Abstract]
Shares, Outstanding balance	11,404,121		7,195,510
Weighted- Average Exercise Price, Outstanding at balance	$ 0.87	$ 1.27	$ 0.98
Weighted Average Remaining Contractual Term, Outstanding at balance	1 year 8 months 19 days	5 months 1 day	6 months 29 days
Shares, Expired		1,681,191	537,455
Weighted- Average Exercise Price, Expired		$ 0.42	$ 0.42
Shares, Exercised		5,514,319	3,671,156
Weighted- Average Exercise Price, Exercised		$ 1.11	$ 0.72

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Nonrecurring basis [Member]
Fair Value Measurements [Line Items]
Assets measured at fair value
Liabilities measured at fair value
Recurring basis [Member]
Fair Value Measurements [Line Items]
Assets measured at fair value

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of Assets and Liabilities Measured at Fair Value - Fair Value, Recurring [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments
Bonds with warrants	3,489,995	3,550,856
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments
Bonds with warrants
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments
Bonds with warrants
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments
Bonds with warrants	$ 3,489,995	$ 3,550,856

Significant Non-Cash Transact_3

Significant Non-Cash Transaction (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Significant Non-Cash Transaction [ Line Items]
Short-term loan payable		$ 259,593
Decrease in Short-term loan	392,976
Investment
Non-trade receivables		1,578,158
Short-Term Loan Payables [Member]
Significant Non-Cash Transaction [ Line Items]
Short-term loan payable	$ 392,976
Minimum [Member]
Significant Non-Cash Transaction [ Line Items]
Investment		635,000
Maximum [Member]
Significant Non-Cash Transaction [ Line Items]
Investment		$ 1,578,158
Common Stock [Member]
Significant Non-Cash Transaction [ Line Items]
Warrants purchased shares (in Shares)	309,430	500,000

Significant Non-Cash Transact_4

Significant Non-Cash Transaction (Details) - Schedule of Significant Non-Cash Investing and Financing Activities - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of significant non-cash investing and financing activities [Abstract]
Offsetting short-term loan payables by exercising warrants to purchase 309,430 common stocks	$ (392,976)
Purchase of investment by exercising warrants to purchase 500,000 shares of common stock		(635,000)
Sale of investment by receiving a non-trade receivable due by February 28, 2023		710,171
Sales of investment by receiving a non-trade receivable due by April 30, 2023		867,987
Total	$ (392,976)	$ 943,158

Significant Non-Cash Transact_5

Significant Non-Cash Transaction (Details) - Schedule of Significant Non-Cash Investing and Financing Activities (Parentheticals) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of significant non-cash investing and financing activities [Abstract]
Short-term loan payables purchase common stock	309,430	309,430
Purchase investment warrant shares of common stock	500,000	500,000

Other Income (Details)

Other Income (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) KDC	Dec. 31, 2022 USD ($)
Other Income [Abstract]
Agreement amount (in KDC) | KDC	3,000,000
Extinguishment debt	$ 232,207
Gain of settlement		$ 232,207

Other (Details)

Other (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) shares
Other (Details) [Line Items]
Generates sales (in Dollars)	$ 74
Sales percentage	10%
Percentage of total revenue	15%
Percentage of total assets	20%
Historic net income	30%
Percentage of income	15%
Kingdom Coin [Member]
Other (Details) [Line Items]
Shares outstanding (in Shares) | shares	299,651,320,620
KDC Foundation [Member]
Other (Details) [Line Items]
Generates sales (in Dollars)	$ 37
Sales percentage	15%
KDC Foundation [Member] | Minimum [Member]
Other (Details) [Line Items]
Generates sales (in Dollars)	$ 37
KDC Foundation [Member] | Maximum [Member]
Other (Details) [Line Items]
Generates sales (in Dollars)	$ 74

Share Capital (Details)

Share Capital (Details) - USD ($)						1 Months Ended			2 Months Ended	3 Months Ended	12 Months Ended
		Dec. 28, 2023	May 31, 2023	May 04, 2023	Apr. 13, 2023	Mar. 31, 2023	Mar. 24, 2023	Feb. 28, 2023	Mar. 08, 2023	May 31, 2023	Dec. 31, 2023		Dec. 31, 2022		Oct. 27, 2022	Oct. 04, 2022	May 10, 2022	Dec. 21, 2021	Mar. 31, 2021
Share Capital [Line Items]
Total authorized capital stock (in Shares)											110,000,000		110,000,000
Common stock, shares authorized (in Shares)	[1]										100,000,000		100,000,000
Common stock, par value											$ 0.001	[1]	$ 0.001	[1]			$ 0.001		$ 0.45
Undesignated preferred stock (in Shares)											10,000,000		10,000,000
Preferred stock, par value											$ 0.001		$ 0.001
Warrants exercised (in Dollars)				$ 3,894,666	$ 420,000		$ 8,400		$ 1,813,120
Warrants exercise price				$ 1.27	$ 0.42				$ 1.27
Warrant purchase (in Shares)				3,066,666	1,000,000						52,808,589	[1]	45,416,942	[1]
Foreign exchange effect exercised (in Dollars)									$ 1,420,144
Debt conversion (in Dollars)									$ 392,776
Aggregate shares of common stock (in Shares)						240,000					52,808,589	[1]	45,416,942	[1]
Price per share			$ 10			$ 10		$ 10		$ 10
Gross proceeds (in Dollars)						$ 2,400,000		$ 2,400,000
Aggregate amount of common stock (in Dollars)						$ 2,400,000		$ 2,400,000
Issuance of common stock for cash (in Shares)										760,000
Issuance of common stock for Cash (in Dollars)			$ 8,773,280								$ 7,708,017
Underwriting discounts (in Dollars)			$ 7,700,000
Other offering expenses (in Dollars)		$ 51,554
Option purchase additional shares (in Shares)											131,599
Percentage of common shares											15%
Percentage of aggregate shares											5%
Common stock, share issued (in Shares)																		295,000
Common stock vote											one
Warrant [Member]
Share Capital [Line Items]
Warrants exercise price							$ 0.42								$ 1.27	$ 1.27
Warrant purchase (in Shares)							20,000		1,427,653
Minimum [Member]
Share Capital [Line Items]
Price per share						$ 10		$ 10
Minimum [Member] | Warrant [Member]
Share Capital [Line Items]
Common stock, share issued (in Shares)											45,416,942
Maximum [Member]
Share Capital [Line Items]
Price per share						$ 10		10
Common stock, share issued (in Shares)											52,808,589
Common Stock [Member]
Share Capital [Line Items]
Price per share								$ 10
Private Placement [Member]
Share Capital [Line Items]
Aggregate shares of common stock (in Shares)								240,000
Price per share			$ 10							$ 10
Gross proceeds amount (in Dollars)			$ 7,600,000
IPO [Member]
Share Capital [Line Items]
Issuance of common stock for cash (in Shares)			877,328
Other offering expenses (in Dollars)			$ 1,100,000
Exercise price											$ 10
IPO [Member] | Class A Common Stock [Member]
Share Capital [Line Items]
Percentage of common shares											125%
[1] Retrospectively restated for effect of Change In Capital Structure

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)		12 Months Ended
	Dec. 28, 2023	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies [Line Items]
Other assets		$ 116,333	$ 118,362
Contract deposit amount	$ 64,725
Penalties	$ 51,554
Lease expense		$ 112,368	140,070
Other Assets [Member]
Commitments and Contingencies [Line Items]
Other assets			$ 116,279

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of Suspended Legal Cases	12 Months Ended
	Dec. 31, 2023 USD ($)
Seoul South Federal Court ; 2023GADAN218067 [Member]
Schedule of Suspended Legal Cases [Line Items]
Opponent	Seoul Yacht Marina, Co.Ltd, and another
Case Summary	Building Delivery
Litigation Value	$ 85,686
Seoul South Federal Court ; 2024GASO214189 [Member]
Schedule of Suspended Legal Cases [Line Items]
Opponent	Seoul Yacht Marina, Co.Ltd
Case Summary	Compensation for damages
Litigation Value	$ 10,644

Related Party Transactions (Det

Related Party Transactions (Details)

1 Months Ended

12 Months Ended

Mar. 23, 2023 USD ($)

Dec. 08, 2022 USD ($)

Oct. 27, 2022 USD ($) $ / shares shares

Oct. 04, 2022 USD ($) $ / shares shares

Oct. 27, 2021 USD ($)

Oct. 18, 2021 USD ($)

Oct. 06, 2021 USD ($)

Jul. 01, 2021 USD ($) $ / shares

Apr. 29, 2022 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2021 USD ($)

Oct. 31, 2023 USD ($)

Jul. 05, 2023 USD ($)

Jun. 30, 2023 USD ($)

May 06, 2023

May 04, 2023 $ / shares

Apr. 13, 2023 $ / shares

Apr. 05, 2023 USD ($)

Mar. 24, 2023 $ / shares

Mar. 08, 2023 $ / shares

Jan. 19, 2023 USD ($)

Jan. 11, 2023 USD ($)

Jan. 09, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 30, 2022 USD ($)

Jul. 27, 2022 USD ($)

Jun. 29, 2022 USD ($)

May 11, 2022 USD ($)

Apr. 05, 2022 USD ($)

Mar. 04, 2022 USD ($)

Feb. 15, 2022 USD ($)

Feb. 11, 2022 USD ($)

Jan. 28, 2022 USD ($)

Jan. 27, 2022

Jan. 25, 2022 USD ($)

Dec. 21, 2021 USD ($) shares

Dec. 20, 2021 USD ($)

Dec. 14, 2021 USD ($)

Dec. 13, 2021 USD ($)

Dec. 08, 2021 USD ($)

Nov. 15, 2021 USD ($)

Oct. 03, 2021 USD ($)

Oct. 03, 2021 KRW (₩)

Jul. 02, 2021

Apr. 07, 2021

Mar. 31, 2021 USD ($)

Jan. 01, 2021 USD ($)

Mar. 17, 2020

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

$ 270,530

₩ 309,600,000

Cash

$ 15,401

$ 236,724

$ 164,523

$ 31,563

$ 236,724

$ 315,632

Maturity date principal

Jan. 27, 2025

Jul. 01, 2024

May 06, 2023

Jan. 10, 2024

Apr. 04, 2023

Jan. 27, 2023

Jan. 27, 2025

Dec. 07, 2023

Nov. 14, 2022

Jul. 02, 2024

Mar. 31, 2022

May 29, 2022

Mar. 17, 2023

Short term borrowing

$ 30,613

$ 0

Warrant exercise price (in Dollars per share) | $ / shares

$ 1.27

$ 0.42

$ 1.27

Cash repaid

$ 15,782

Offset against

$ 486,366

Aggregate amount

$ 38,778

$ 331,479

Debt obligations

$ 200,905

$ 1,518,347

$ 337,410

Shares issued (in Shares) | shares

295,000

Cash amount received

$ 140,375

$ 610,247

$ 140,375

Outstanding balance

$ 2,555

149,122

Borrowing amount

$ 500,492

Total consideration

$ 1,687,052

Warrant purchase descrption

(i) warrants to purchase 666,666 Common Shares of HBC, valued at $873,805; and (ii) distribution of 100,000,000 KDC

Non trade receivable

$ 1,578,158

Sale consideration

$ 95,272

$ 635,000

Outstanding securities, percentage

10%

Short-Term Debt [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

$ 38,778

Aggregate principal amount

$ 140,375

$ 38,778

$ 29,564

Warrant [Member]

Related Party Transactions (Details) [Line Items]

Warrant exercise price (in Dollars per share) | $ / shares

$ 1.27

$ 1.27

$ 0.42

Warrant purchase descrption

(i) warrants to purchase 666,666 Common Shares of HBC, valued at $873,805; and (ii) distribution of 100,000,000 KDC valued at $873,805.

Non trade receivable

$ 867,987

Chief Executive Officer [Member]

Related Party Transactions (Details) [Line Items]

Bond accrues no annual interest maturity date

Jul. 01, 2024

Short term debt Borrowing [Member]

Related Party Transactions (Details) [Line Items]

Bond accrues no annual interest maturity date

Oct. 26, 2021

Siyoung Jang [Member]

Related Party Transactions (Details) [Line Items]

Maturity date principal

Oct. 26, 2023

Mr. Park [Member]

Related Party Transactions (Details) [Line Items]

Aggregate principal amount

$ 29,564

$ 5,444

Donghoon Park [Member]

Related Party Transactions (Details) [Line Items]

Outstanding balance

$ 1,353

Dongwook Lee [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowing

2,783,636

Munjoong Kang [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

12,653

Short term borrowing

1,114

Mr. Kang Munjoong [Member]

Related Party Transactions (Details) [Line Items]

Offset against

45,956

Ms. Siyoung Jang [Member]

Related Party Transactions (Details) [Line Items]

Offset against

440,410

Setopia Bonds [Member]

Related Party Transactions (Details) [Line Items]

Total consideration

$ 635,000

$ 1,687,052

Non trade receivable

$ 696,621

Siyoung Jang [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

84,352

Cash

$ 84,352

Changhyuk Kang [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

$ 168,705

$ 15,782

$ 130,746

Short term borrowing

$ 590,468

Changhyuk Kang [Member] | Warrant [Member]

Related Party Transactions (Details) [Line Items]

Warrant exercise price (in Dollars per share) | $ / shares

$ 0.42

Mr. Kang Munjoong [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

$ 31,022

$ 31,563

$ 15,782

$ 124,420

Cash

$ 168,705

Aggregate principal amount

$ 610,247

Maturity date principal

Apr. 18, 2023

Short term borrowing

$ 107,469

Related Party [Member]

Related Party Transactions (Details) [Line Items]

Remaining amount

$ 541

Munjoong Kang [Member]

Related Party Transactions (Details) [Line Items]

Short term borrowings amount

$ 202,500

$ 23,267

$ 649,614

$ 164,523

$ 236,724

$ 315,632

$ 124,420

Short term borrowing

$ 326,755

Common Stock [Member]

Related Party Transactions (Details) [Line Items]

Purchase shares (in Shares) | shares

3,000,000

500,000

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Short-Term Loan Payables - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Short-Term Loan Payables [Line Items]
Short-Term Loan Payables		$ 259,593
Munjoong Kang maturing in February 2024 [Member]
Schedule of Short-Term Loan Payables [Line Items]
Short-Term Loan Payables		149,122
Siyoung Jang maturing in December 2023 [Member]
Schedule of Short-Term Loan Payables [Line Items]
Short-Term Loan Payables		78,908
Changhyuk Kang maturing in October 2023 [Member]
Schedule of Short-Term Loan Payables [Line Items]
Short-Term Loan Payables		$ 31,563

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of Loan Payables - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Changhyuk Kang’s [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		$ 31,563
Changhyuk Kang’s [Member] | Loan payables maturing in April 4, 2023 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		31,563
Munjoong Kang’s [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		149,122
Munjoong Kang’s [Member] | Loan payables maturing in May 12, 2023 through May 30, 2023 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		99,015
Munjoong Kang’s [Member] | Loan payables maturing in July 29, 2023 through August 7, 2023 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		36,298
Munjoong Kang’s [Member] | Loan payables maturing in October 17, 2023 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		4,340
Munjoong Kang’s [Member] | Loan payables maturing in December 11, 2023 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		9,469
Munjoong Kang’s [Member] | Loan payables maturing in February 26, 2024 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables
Munjoong Kang’s [Member] | Loan payables maturing in May 17, 2024 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables		9,469
Munjoong Kang’s [Member] | Loan payables maturing in May 25, 2024 [Member]
Related Party Transactions (Details) - Schedule of Loan Payables [Line Items]
Loan payables

Disposal of Subsidiaries and _3

Disposal of Subsidiaries and Discontinued Operations (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Hanryu Times [Member]
Disposal of Subsidiaries and Discontinued Operations [Line Items]
Sale of owned whole shares	$ 153,265
Fantoo Entertainment [Member]
Disposal of Subsidiaries and Discontinued Operations [Line Items]
Sale of owned whole shares	76,604
K-Commerce [Member]
Disposal of Subsidiaries and Discontinued Operations [Line Items]
Sale of owned whole shares	229,813
Gain on disposal of subsidiary	$ 3,390,323

Disposal of Subsidiaries and _4

Disposal of Subsidiaries and Discontinued Operations (Details) - Schedule of Disposal of Subsidiaries and Discontinued Operations - Discontinued Operations [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Disposal of Subsidiaries and Discontinued Operations [Line Items]
Considerations	$ 459,682
The carrying amount of any noncontrolling interest	236,166
Net liabilities	(2,694,475)
Gain on disposal of subsidiaries	3,390,323
CURRENT ASSETS:	62,216	$ 133,934
Cash and Cash Equivalents	1,996	695
Short-term loans	7,756	118,362
Accounts receivable, net of allowance	2,863	92
Non-trade receivables	33,850	12,991
Prepaid expenses and other receivables	15,751	1,794
PROPERTY PLANTAND EQUIPMENT, NET	98,682	135,133
Total Assets	160,898	269,067
CURRENT LIABILITIES	2,855,373	979,623
Short-term borrowings	1,527,104	64,667
Account Payable	369,266	371,183
Non-trade accounts payable	941,968	533,799
Accrued expenses and other current liabilities	17,035	9,974
Total Liabilities	2,855,373	979,623
Total Stockholder's Equity (Deficiency)	(2,694,475)	(710,556)
Sales	33,323	112,934
Cost of Revenue	10,506	47,945
Gross profit (Loss)	22,817	64,989
OPERATING EXPENSES:	1,235,907	1,246,790
OPERATING LOSS	(1,213,090)	(1,181,801)
OTHER INCOME(EXPENSE):	(2,562)	(611)
Net loss before taxes	(1,215,652)	(1,182,412)
Income tax expense
NET INCOME(LOSS)	$ (1,215,652)	$ (1,182,412)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Subsequent Events [Line Items]
Bond with warrants	$ 3,489,995
Warrants maturity date	Jul. 02, 2024
Kye Sook Kim [Member]
Subsequent Events [Line Items]
Short-term loan payable	$ 620,443