Interim Condensed Consolidated Statements of Cash Flows - USD ($) | 6 Months Ended |
Jun. 30, 2024 | Jun. 30, 2023 |
Cash flows from operating activities: | | |
Net loss from continuing operations | $ 6,286,001 | $ (80,890) |
Adjustments to reconcile net loss to net cash provided by operating activities: | | |
Fair value gain on warrant liabilities | (6,661,993) | |
Changes in operating assets and liabilities(decrease)increase in: | | |
Prepayment and other current assets | 396,263 | (1,891,405) |
Customer deposits | 63,349 | 854,160 |
Accrued expenses and other payables | (2,043,296) | 1,459,012 |
Net cash (used in)/provided by operating activities - continuing operations | (1,959,676) | 340,877 |
Net cash used in operating activities - discontinued operations | | (1,267,255) |
Net cash provided by operating activities | (1,959,676) | (926,378) |
Cash flows from investing activities: | | |
Net cash provided by investing activities-discontinued operations | | 61,376 |
Net cash provided by investing activities | | 61,376 |
Cash flows from financing activities: | | |
Proceeds from a short-term borrowing from a third party | | 500,000 |
Proceeds from a private placement | 21,904,920 | |
Net cash provided by financing activities-continuing operations | 21,904,920 | 500,000 |
Net cash provided by financing activities-discontinued operations | | |
Net cash provided by financing activities | 21,904,920 | 500,000 |
Effect of exchange rate change on cash, cash equivalents and restricted cash from continuing operations | | |
Effect of exchange rate change on cash, cash equivalents and restricted cash from discontinued operations | | (29,729) |
Net change in cash and cash equivalents, and restricted cash from continuing operations | 19,945,244 | 840,877 |
Net change in cash and cash equivalents, and restricted cash from discontinued operations | | (1,235,608) |
Cash, cash equivalents and restricted cash, beginning balance | 66,057,328 | 66,361,627 |
Cash and cash equivalents, and restricted cash beginning balance from discontinued operations | | 1,235,608 |
Cash and cash equivalents, and restricted cash beginning balance | 66,057,328 | 67,597,235 |
Cash and cash equivalents, and restricted cash ending balance from continuing operations | 86,002,572 | 67,202,504 |
Cash and cash equivalents and restricted cash ending balance from discontinued operations | | |
Cash and cash equivalents and restricted cash ending balance | 86,002,572 | 67,202,504 |
Cash and cash equivalents-continuing operations | 81,632,704 | 63,642,594 |
Restricted cash as of June 30, 2024 and 2023, respectively | 4,369,868 | 3,559,910 |
Total cash, cash equivalents and restricted cash-continuing operations | 86,002,572 | 67,202,504 |
Cash and cash equivalents-discontinued operations | | |
Restricted cash - discontinued operations | | |
Total cash, cash equivalents and restricted cash-discontinued operations | | |
Supplemental cash flows information: | | |
Cash paid for interest-continuing operations | | |
Cash paid for interest-discontinued operations | | |
Cash paid for income taxes-continuing operations | | |
Cash paid for income taxes-discontinued operations | | |