Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2024 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of financial assets and liabilities measured at fair value |
| Concentration of risk |
|
Three months ended June 30, |
|
| |
|
2024 |
|
2023 |
|
| |
|
Amount |
|
% of Total
Revenue |
|
Amount |
|
% of Total
Revenue |
|
| Customer A |
|
$ |
12,750 |
|
|
|
65% |
|
|
$ |
(*) |
|
|
|
(*) |
|
| Customer B |
|
|
6,000 |
|
|
|
30% |
|
|
|
(*) |
|
|
|
(*) |
|
| Customer C |
|
|
(*) |
|
|
|
(*) |
|
|
|
105,000 |
|
|
|
49% |
|
| Customer D |
|
|
(*) |
|
|
|
(*) |
|
|
|
38,253 |
|
|
|
18% |
|
_________________
| |
(*) |
Revenue had not exceeded 10% or more of the Company’s consolidated revenue of the Company. |
| |
|
Six months ended June 30, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
Amount |
|
|
% of Total
Revenue |
|
|
Amount |
|
|
% of Total
Revenue |
|
| Customer F |
|
$ |
69,325 |
|
|
|
29% |
|
|
$ |
(*) |
|
|
|
(*) |
|
| Customer G |
|
|
51,761 |
|
|
|
22% |
|
|
|
(*) |
|
|
|
(*) |
|
| Customer H |
|
|
34,492 |
|
|
|
14% |
|
|
|
(*) |
|
|
|
(*) |
|
| Customer C |
|
|
(*) |
|
|
|
(*) |
|
|
|
105,000 |
|
|
|
23% |
|
| Customer D |
|
|
(*) |
|
|
|
(*) |
|
|
|
63,711 |
|
|
|
7% |
|
_________________
| |
(*) |
Revenue had not exceeded 10% or more of the Company’s consolidated revenue of the Company. |
| |
|
June 30, 2024 |
|
|
December 31, 2023 |
|
| |
|
Amount |
|
|
% of Total
Accounts
Receivable |
|
|
Amount |
|
|
% of Total
Accounts
Receivable |
|
| Customer G |
|
$ |
12,941 |
|
|
|
65% |
|
|
$ |
(*) |
|
|
|
(*) |
|
| Customer I |
|
|
3,584 |
|
|
|
19% |
|
|
|
(*) |
|
|
|
(*) |
|
| Customer B |
|
|
3,250 |
|
|
|
16% |
|
|
|
(*) |
|
|
|
(*) |
|
| Customer C |
|
|
(*) |
|
|
|
(*) |
|
|
|
70,000 |
|
|
|
43% |
|
_________________
| |
(*) |
Accounts receivable had not exceeded 10% or more of the Company’s consolidated accounts receivable of the Company. |
Major vendors
No major vendor accounted more than 10% of total
purchase during six months ended June 30, 2024 and 2023.
|
| Schedule of financial assets and liabilities measured at fair value |
| Schedule of financial assets
and liabilities measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2024 (unaudited) |
|
| |
|
Fair Value |
|
|
Carrying |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Value |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock |
|
$ |
27,580 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
27,580 |
|
| Total assets measured at fair value |
|
$ |
27,580 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
27,580 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 |
|
|
| Schedule of revenue by product type |
| Schedule of revenue by product type |
|
|
|
|
|
|
| |
|
June 30, 2024 |
|
|
June 30, 2023 |
|
| IoT Products |
|
$ |
11,234 |
|
|
$ |
64,867 |
|
| IoT Project Construction and Installation Services |
|
|
8,519 |
|
|
|
150,524 |
|
| Total |
|
$ |
19,753 |
|
|
$ |
215,391 |
|
A summary of our revenue by product type for the
six months ended June 30, 2024 and 2023 is as follows:
| |
|
|
|
|
|
|
| |
|
June 30, 2024 |
|
|
June 30, 2023 |
|
| IoT Products |
|
$ |
190,739 |
|
|
$ |
78,148 |
|
| IoT Project Construction and Installation Services |
|
|
48,172 |
|
|
|
373,338 |
|
| Total |
|
$ |
238,911 |
|
|
$ |
451,486 |
|
|
| Schedule of anti-dilutive shares |
| Schedule of anti-dilutive shares |
|
|
|
|
|
|
| Six Months Ended June 30, |
|
2024 |
|
|
2023 |
|
| Stock options |
|
|
570,124 |
|
|
|
457,934 |
|
| Total |
|
|
570,124 |
|
|
|
457,934 |
|
|
| Schedule of exchange rates |
| Schedule of exchange rates |
|
|
|
|
|
|
| |
|
Average Rate for the Six Months Ended June 30,
|
|
| |
|
2024
|
|
|
2023
|
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| China Yuan (RMB) |
|
RMB |
7.1970 |
|
|
RMB |
6.9243 |
|
| United States Dollar ($) |
|
$ |
1.0000 |
|
|
$ |
1.0000 |
|
| |
|
Exchange Rate at |
|
| |
|
June 30, 2024 |
|
|
December 31, 2023 |
|
| |
|
(Unaudited) |
|
|
|
|
| China Yuan (RMB) |
|
RMB |
7.2651 |
|
|
RMB |
7.0698 |
|
| United States Dollar ($) |
|
$ |
1.0000 |
|
|
$ |
1.0000 |
|
|