Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of estimated useful lives of property, plant and equipment
 
Fixed assets Useful life
Furniture 5 years
Equipment 5 years
Warehouse 39 years
Improvement 5 years
Land N/A
Schedule of fair value assets and liabilities measured on recurring basis
                               
    December 31, 2023  
    Fair Value     Carrying  
    Level 1     Level 2     Level 3     Value  
Assets                                
Marketable securities:                                
Stock   $ 36,735     $     $     $ 36,735  
Total assets measured at fair value   $ 36,735     $     $     $ 36,735  

  

    December 31, 2022  
    Fair Value     Carrying  
    Level 1     Level 2     Level 3     Value  
Assets                        
Marketable securities:                                
Stock   $ 105,470     $     $     $ 105,470  
Total assets measured at fair value   $ 105,470     $     $     $ 105,470  
Schedule of revenue by product type
Schedule of revenue by product type            
    December 31, 2023     December 31, 2022  
IoT Products   $ 309,492     $ 92,838  
IoT Project Construction and Installation Services     742,706       260,781  
Total   $ 1,052,198     $ 353,619  
Schedule of anti dilutive shares
               
Year ended December 31,   2023     2022  
Stock options     513,874       458,424  
Total     513,874       458,424  
Schedule of exchange rates foreign currency

Schedule of exchange rates foreign currency

               
   

Average Rate for the Year Ended

December 31,

 
    2023     2022  
China Yuan (RMB)   RMB 7.0714     RMB 6.7263  
United States Dollar ($)   $ 1.0000     $ 1.0000  

 

    Exchange Rate at  
    December 31, 2023     December 31, 2022  
China Yuan (RMB)   RMB 7.0698     RMB 6.8973  
United States Dollar ($)   $ 1.0000     $ 1.0000