0001213900-24-036625 | 20-F | XBRL Viewer | Ebang International Holdings INC

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Note 13 – Share-based compensation

In order to attract and retain talents, the Company adopted a share incentive plan in April 2020, which was amended and restated on July 9, 2021 (the “2020 Plan”). The maximum aggregate number of shares that may be issued pursuant to all awards under the 2020 Plan shall be 349,427 (10,482,827 before Reverse Stock Split) Class A ordinary shares. The Company also adopted the 2021 Share Incentive Plan (the “2021 Plan”), under which the maximum aggregate number of shares that may be issued pursuant to all awards shall be 333,333 (10,000,000 before Reverse Stock Split) Class A ordinary shares. The Company did not grant any award under the 2021 plan.

The Company granted 172,333 and 61,200 (5,170,000 and 1,836,000 before the Reverse Stock Split) restricted share awards (“RSAs”) in 2022 and 2021, respectively, under the 2020 Plan. The vesting schedule of RSAs ranges from 100% upon grant, to over four years with 25% vested at each anniversary. The vesting of these RSAs is further subject to performance conditions whereby a 50% or 100% of the RSAs to be vested in a given year will be forfeited based on the result of an annual performance review of the grantee in accordance with predetermined performance targets. The unvested portion of the RSAs will also be forfeited upon the termination of employment or service during the vesting period. The Company estimates the annual performance review result for each grantee and recognizes the related compensation expenses. The amount of compensation expense (reversed)/recorded for the years ended December 31, 2023, 2022 and 2021 was US$(153,034), US$3,903,970 and US$707,000, respectively. The net reversal of the compensation expense recorded in the year ended December 31, 2023 was due to resignation of employees as well as the actual performance target being different from the Company’s previous estimate as a result of the employees failing to achieve certain performance goals, and the Company’s adjustment of the estimate of future performance review result in connection therewith. Unvested compensation expense as of December 31, 2023 and 2022 was US$1,064,986 and US$3,036,689, respectively.

During the years ended December 31, 2023 and 2022, the Company issued 264,727 and 41,367 (1,241,000 before the Reverse Stock Split) Class A ordinary shares to ESOP platform which were reserved for future issuance upon the vesting of RSAs granted under the 2020 Plan. Also see Note 12.

The following table summarized the Company’s RSAs activity under the 2020 Plan:

				Weighted average
	Number of RSAs*			grant date fair value*
Unvested, January 1, 2021		-			-
Granted		61,200			75.60
Vested		-			-
Forfeited		(7,333	)		75.60
Unvested, December 31, 2021		53,867			75.60
Granted		172,333			31.06
Vested		(60,534	)		37.67
Forfeited		(32,600	)		54.55
Unvested, December 31, 2022		133,066			40.34
Granted		-			-
Vested		(25,572	)		31.31
Forfeited		(16,075	)		65.00
Unvested, December 31, 2023		91,419			38.52

*	Retrospectively adjusted for the effect of the Reverse Stock Split on November 20, 2022. See Note 12.

Inventories, Net (Details) - USD ($)	12 Months Ended
Inventories, Net (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Inventories, net [Abstract]
Inventories	$ 340,186	$ 6,482,019	$ 2,233,452

Business Acquisition and Goodwill (Details)	1 Months Ended				12 Months Ended
Business Acquisition and Goodwill (Details)	Mar. 31, 2022 $ / shares	Mar. 31, 2022 $ / shares	Mar. 21, 2022 USD ($)	Mar. 21, 2022 AUD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 AUD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition and Goodwill [Line Items]
Total cash consideration			$ 5,900,000	$ 8,000,000
Total purchase consideration					$ 5,900,000	$ 8,000,000
Cash payment					3,100,000	4,200,000
Shareholders of Compass					2,800,000	$ 3,800,000
Exchange rate per share \| (per share)	$ 0.7401	$ 1.00
Statements of operations							$ 111,175
Impairment loss on goodwill					2,299,628
Intangible assets					$ 3,708,247
Acquisition [Member]
Business Acquisition and Goodwill [Line Items]
Statements of operations							$ 2,634,580
Business Acquisition [Member]
Business Acquisition and Goodwill [Line Items]
Acquired equity interests			100.00%	100.00%

Earnings (loss) per share (Details) - Schedule of Earnings (Loss) of Potentially Dilutive Ordinary Shares - shares

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Restricted Stock [Member]

778,085

819,733

739,666

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Warrant Inducement Offering [Member] | Warrant [Member]

^[1]

91,419

133,067

53,000

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

March 2021 Offering [Member] | Warrant [Member]

^[1]

453,333

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Condensed Financial Information of the Parent Company [Abstract]

^[1]

233,333

[1]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

Property, Plant and Equipment, Net (Details) - USD ($)	12 Months Ended
Property, Plant and Equipment, Net (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment, Net [Line Items]
Depreciation expense	$ 3,038,131	$ 1,822,942	$ 2,858,406
Impairment of property, plant and equipment	57,117		3,109,922
Impairment charged	$ 16,688,647	$ 4,474,784
Building [Member]
Property, Plant and Equipment, Net [Line Items]
Impairment charged			$ 3,000,000

Condensed Financial Information of the Parent Company

12 Months Ended

Dec. 31, 2023

Condensed financial information of the parent company

Note 22 – Condensed financial information of the parent company

The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with Securities and Exchange Commission Regulation S-X Rule 5-04 and concluded that it was applicable for the Company to disclose the financial statements for the parent company.

The following condensed financial statements of the Parent Company have been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the Parent Company used the equity method to account for its investment in its subsidiaries. The Parent Company and its subsidiaries were included in the consolidated financial statements whereby the inter-company balances and transactions were eliminated upon consolidation. The Parent Company’s share of loss from its subsidiaries is reported as “share of loss from subsidiaries” in the condensed financial statements.

The Parent Company is a Cayman Islands company and, therefore, is not subjected to income taxes for all years presented. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted.

The subsidiaries did not pay any dividend to the Company for the years presents. As of December 31, 2023 and 2022, there were no material commitments or contingencies, significant provisions for long-term obligations or guarantees of the Company, except for those which have been separately disclosed in the consolidated financial statements, if any.

(a) Condensed balance sheets

	December 31,			December 31,
	2023			2022
Assets
Current assets:
Cash and cash equivalents	$	172,588,698		$	212,388,959
Other current assets, net		2,939,668			257,500
Due from subsidiaries		158,603,618			114,912,019
Total current assets		334,131,984			327,558,478

Total assets	$	334,131,984		$	327,558,478

Liabilities and Shareholders’ Equity

Current liabilities:
Deficit of investments in subsidiaries	$	53,878,530		$	8,626,897
Due to subsidiaries		409,607			-
Total current liabilities		54,288,137			8,626,897

Total liabilities		54,288,137			8,626,897

Shareholders’ equity:
Class A ordinary share, HKD0.03 par value, 11,112,474 shares authorized, 4,989,746 and 4,725,019 shares issued, 4,726,424 and 4,700,852 shares outstanding as of December 31, 2023 and 2022, respectively⁽¹⁾⁽²⁾		18,178			18,080
Class B ordinary share, HKD0.03 par value, 1,554,192 shares authorized, issued and outstanding as of December 31, 2023 and 2022, respectively⁽¹⁾		5,978			5,978
Additional paid-in capital		397,467,795			397,620,927
Accumulated deficit		(103,761,016	)		(66,988,873	)
Accumulated other comprehensive loss		(13,887,088	)		(11,724,531	)
Total shareholders’ equity		279,843,847			318,931,581
Total liabilities and shareholders’ equity	$	334,131,984		$	327,558,478

	⁽¹⁾	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.
	⁽²⁾	As of December 31, 2023 and 2022, 263,322 and 24,167 (725,000 before the Reverse Stock Split) shares reserved for future issuance upon the vesting of RSAs granted under the 2020 Plan were considered issued but not outstanding, respectively. See Note 12.

(b) Condensed statements of operations and comprehensive income (loss)

	For the year ended December 31, 2023			For the year ended December 31, 2022			For the year ended December 31, 2021
Operating expenses:
General and administrative expenses	$	1,482,786		$	33,796,950		$	6,233,339
Total operating expenses		1,482,786			33,796,950			6,233,339

Loss from operations		(1,482,786	)		(33,796,950	)		(6,233,339	)

Interest income		9,945,862			2,409,547			541,598
Other expenses		(2,847	)		(52,793	)		(8,505	)
Exchange gain (loss)		36,752			(67,696	)		1,478,258
Other income		-			-			18,114
Loss on forgiveness of receivable from a subsidiary		1,600,517			-			-
Share of income (loss) from subsidiaries		(46,869,641	)		(12,380,350	)		8,634,815

Net income (loss)	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941

Comprehensive income (loss)
Net income (loss)	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941
Other comprehensive income (loss):
Foreign currency translation adjustment		(2,162,557	)		(4,827,526	)		751,327
Comprehensive income (loss)	$	(38,934,700	)	$	(48,715,768	)	$	5,182,268

(c) Condensed statements of cash flows

	For the year ended December 31, 2023			For the year ended December 31, 2022			For the year ended December 31, 2021
Cash Flows from Operating Activities:
Net income (loss)	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Share of (income) loss from subsidiaries		46,869,641			12,380,350			(8,634,815	)
Amortization expense		-			6,987,975			1,987,974
Share-based compensation		(153,034	)		3,903,970			707,000
Loss on forgiveness of receivable from a subsidiary		1,600,517			-			-
Impairment of intangible assets		-			20,738,130			-
Changes in assets and liabilities:
Due from subsidiaries		(45,292,116	)		127,102,949			(195,566,806	)
Other current assets, net		(2,682,168	)		400,545			210,904
Accrued liabilities and other payables		-			(53,603	)		(7,973,877	)
Due to subsidiaries		409,607			-			-
Net Cash Provided by (Used in) Operating Activities		(36,019,696	)		127,572,074			(204,838,679	)

Cash Flows from Investing Activities
Collections from short-term investments		-			15,000,000			25,835,000
Purchases of intangible assets		-			(10,000,000	)		-
Net Cash Provided by Investing Activities		-			5,000,000			25,835,000

Cash Flows from Financing Activities
Proceeds from issuances of ordinary shares		-			-			254,727,705
Net Cash Provided by Financing Activities		-			-			254,727,705

Effect of Foreign Exchange on Cash and Cash Equivalents		(3,780,565	)		(1,760,012	)		(2,465,348	)

Net Increase (Decrease) in Cash and Cash Equivalents		(39,800,261	)		130,812,062			73,258,678

Cash and Cash Equivalents at Beginning of Year		212,388,959			81,576,897			8,318,219

Cash and Cash Equivalents at End of Year	$	172,588,698		$	212,388,959		$	81,576,897

Non-Cash Investing and Financing Activities:
Issuance of vested restricted share awards	$	98			232			-

Earnings (loss) per share (Details) - Schedule of Income and Share Data Used in the Basic and Diluted Earnings (Loss) Per Ordinary Share Computations - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Schedule of Income and Share Data Used in the Basic and Diluted Earnings Loss Per Ordinary Share Computations [Abstract]

Earnings (loss) attributable to ordinary shareholders of the Company for basic earnings (loss) per share calculation (in Dollars)

$ (36,772,143)

$ (43,888,242)

$ 4,430,941

Weighted average number of ordinary shares outstanding for basic earnings (loss) per share calculation(1)

^[1]

6,275,118

6,247,333

5,923,845

Basic earnings (loss) per share (in Dollars per share)

^[2]

$ (5.86)

$ (7.03)

$ 0.75

Earnings (loss) attributable to ordinary shareholders of the Company for diluted earnings (loss) per share calculation (in Dollars)

$ (36,772,143)

$ (43,888,242)

$ 4,430,941

Weighted average number of ordinary shares outstanding basic earnings (loss) per share calculation

^[1]

6,275,118

6,247,333

5,923,845

- incremental shares issuable related to warrants issued

^[1]

5,013

Weighted average number of shares outstanding for diluted earnings (loss) per share calculation

^[1]

6,275,118

6,247,333

5,928,858

Diluted earnings (loss) per share (in Dollars per share)

^[2]

$ (5.86)

$ (7.03)

$ 0.75

[1]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.
[2]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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Earnings (Loss) Per Share [Abstract]

Earnings (loss) per share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings (Loss) of Potentially Dilutive Ordinary Shares

The earnings (loss) calculation for the years ended December 31, 2023, 2022 and 2021 excludes the following potentially dilutive ordinary shares:

	Years ended December 31,
	2023		2022		2021
Class A ordinary shares exercisable from warrants issued pursuant to the Warrant Inducement Offering (as defined below in Note 12)⁽¹⁾		453,333		453,333		453,333
Class A ordinary shares exercisable from warrants issued pursuant to the March 2021 Offering (as defined below in Note 12)⁽¹⁾		233,333		233,333		233,333
Class A ordinary shares issuable from the outstanding restricted share awards⁽¹⁾		91,419		133,067		53,000
Total		778,085		819,733		739,666

⁽¹⁾	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

Schedule of Income and Share Data Used in the Basic and Diluted Earnings (Loss) Per Ordinary Share Computations

The following reflects the income/(loss) and share data used in the basic and diluted earnings (loss) per ordinary share computations:

	Years ended December 31,
	2023			2022			2021
Earnings (loss) attributable to ordinary shareholders of the Company for basic earnings (loss) per share calculation	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941
Weighted average number of ordinary shares outstanding for basic earnings (loss) per share calculation⁽¹⁾		6,275,118			6,247,333			5,923,845
Basic earnings (loss) per share⁽¹⁾	$	(5.86	)	$	(7.03	)	$	0.75

Earnings (loss) attributable to ordinary shareholders of the Company for diluted earnings (loss) per share calculation	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941

Weighted average number of ordinary shares outstanding basic earnings (loss) per share calculation⁽¹⁾		6,275,118			6,247,333			5,923,845
Adjusted for:
- incremental shares issuable related to warrants issued⁽¹⁾		-			-			5,013
Weighted average number of shares outstanding for diluted earnings (loss) per share calculation⁽¹⁾		6,275,118			6,247,333			5,928,858

Diluted earnings (loss) per share⁽¹⁾	$	(5.86	)	$	(7.03	)	$	0.75

⁽¹⁾	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Statements of Operations And Comprehensive Income (Loss) - Parent Company [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating expenses:
General and administrative expenses	$ 1,482,786	$ 33,796,950	$ 6,233,339
Total operating expenses	1,482,786	33,796,950	6,233,339
Loss from operations	(1,482,786)	(33,796,950)	(6,233,339)
Interest income	9,945,862	2,409,547	541,598
Other expenses	(2,847)	(52,793)	(8,505)
Exchange gain (loss)	36,752	(67,696)	1,478,258
Other income			18,114
Loss on forgiveness of receivable from a subsidiary	1,600,517
Share of income (loss) from subsidiaries	(46,869,641)	(12,380,350)	8,634,815
Net income (loss) attributable to Ebang International Holdings Inc.	(36,772,143)	(43,888,242)	4,430,941
Comprehensive income (loss)
Net income (loss)	(36,772,143)	(43,888,242)	4,430,941
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,162,557)	(4,827,526)	751,327
Comprehensive income (loss) attributable to Ebang International Holdings Inc.	$ (38,934,700)	$ (48,715,768)	$ 5,182,268

Business Acquisition and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Business Acquisition and Goodwill [Abstract]

Schedule of the Assets Acquired, Liabilities Assumed and Related Deferred Income Tax

The following table summarizes the purchase price allocation of the assets acquired, liabilities assumed and related deferred income tax assumed at the date of acquisition. The dollar amount presented in the table was based on the exchange rate of AUD1.00 to US$0.7401 on March 21, 2022.

	Amount in US$

Current assets		13,341,925
Other non-current assets		20,684
License		4,537,549
Total assets acquired		17,900,158
Current liabilities		(13,340,550	)
Deferred tax liabilities		(1,134,387	)
Total liabilities assumed		(14,474,937	)
Net identifiable assets acquired		3,425,221
Total consideration		5,920,795
Goodwill		2,495,574

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Schedule of Effective Income Tax Rate and PRC Statutory Income Tax

The reconciliation of tax computed by applying the statutory income tax rate of 25% for the years ended December 31, 2023, 2022 and 2021 applicable to the PRC operations to income tax expenses is as follows:

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Statutory income tax rate		25.00	%		25.00	%		25.00	%
Effect of expenses not deductible for tax purposes		(0.20	)%		0.00	%		0.40	%
Effect of additional deduction of research and development expense		4.80	%		0.70	%		(35.10	)%
Effect of income tax exemptions and reliefs		(8.00	)%		2.90	%		60.90	%
Recovery from deferred income tax assets		5.20	%		5.50	%		-
Effect of valuation allowance on deferred income tax assets		(27.10	)%		(28.00	)%		2.20	%
Income tax difference under different tax jurisdictions		4.30	%		(6.10	)%		(45.70	)%
Prior year true-ups		-			-			(23.60	)%
Others		(1.40	)%		-			-
Total		2.60	%		(0.00	)%		(15.90	)%

Schedule of Provision for Income Taxes

Significant components of the provision for income taxes are as follows:

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Current income tax expense	$	-		$	7,666		$	2,466,745
Deferred tax benefit		(1,031,461	)		(80,599	)		(2,845,588	)
Income taxes benefit	$	(1,031,461	)	$	(72,933	)	$	(378,843	)

Schedule of Deferred Tax Assets and Liabilities

For the purpose of presentation in the consolidated balance sheets, deferred income tax assets and liabilities have been offset. Significant components of deferred tax assets and liabilities are as follows:

	As of December 31,			As of December 31,
	2023			2022
Provision for doubtful accounts	$	2,007,749		$	1,986,464
Net operating loss carryforward		30,276,268			23,052,402
Impairment of VAT recoverable, inventory write-down and others		5,835,385			3,672,475
		38,119,402			28,711,341
Less: valuation allowance		(38,119,402	)		(28,711,341	)

Deferred tax assets	$	-		$	-

Intangible assets	$	-		$	1,004,365
Property, plant and equipment		74,225			129,174
Deferred tax liabilities	$	74,225		$	1,133,539

Total deferred tax liabilities	$	74,225		$	1,133,539

Schedule of Cumulative Net Operating Loss of Major Tax Juridistions and the Year of Expiration

The amounts of cumulative net operating loss in 2023 of major tax jurisdictions and the year of expiration are as follows:

Tax Jurisdiction	Amount in USD (in thousands)		Earliest year of expiration if not utilized
PRC		127,740	2025
Hong Kong		19,087	No expiration
Australia		10,279	No expiration
Singapore		2,452	No expiration
United States		3,776	No expiration

Equity

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Equity

Note 12 – Equity

Ordinary shares

The Company adopted a dual-class share structure. Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to twenty votes per share. Each Class B ordinary share can be converted into one Class A ordinary share at any time, while Class A ordinary shares cannot be converted into Class B ordinary shares.

The Company completed the initial public offering (“IPO”) in 2020 with new issuance of totaling 642,145 (19,264,337 before the Reverse Stock Split) Class A ordinary shares at a price of US$156.9 (US$5.23 before the Reverse Stock Split) per share. Net proceeds raised by the Company from the IPO amounted to approximately US$92 million after deducting underwriting discounts and commissions and other offering expenses. The Company received all the net proceeds on July 2, 2020.

The Company commenced an additional offering with new issuance of totaling 266,666 (8,000,000 before the Reverse Stock Split) units at a price of US$157.5 (US$5.25 before the Reverse Stock Split) per unit in November 2020 (the “November 2020 Offering”), intending to raise US$42 million funding prior to deducting underwriting discounts and commissions and other offering expenses. Each unit consists of one share of Class A ordinary shares and one warrant to purchase one-half of a Class A ordinary share. As of December 31, 2020, the Company completed the offering of 153,333 (4,600,000 before the Reverse Stock Split) units in relation to the November 2020 Offering and received net proceeds of approximately US$23 million. The units issued consisting of an aggregate of 153,333 (4,600,000 before the Reverse Stock Split) shares of Class A ordinary shares and 153,333 (4,600,000 before the Reverse Stock Split) warrant which can be exercised for 76,667 (2,300,000 before the Reverse Stock Split) shares of Class A ordinary shares. In January 2021, the Company completed the November 2020 Offering by selling another 113,333 (3,400,000 before the Reverse Stock Split) units for net proceeds of approximately US$17 million. The units issued consisting of an aggregate of 113,333 (3,400,000 before the Reverse Stock Split) shares of Class A ordinary shares and 113,333 (3,400,000 before the Reverse Stock Split) warrant which can be exercised for 56,667 (1,700,000 before the Reverse Stock Split) shares of Class A ordinary shares.

In February 2021, the Company launched another offering for an aggregate of 640,000 (19,200,000 before the Reverse Stock Split) units at US$150 (US$5 before the Reverse Stock Split) per unit (the “February 2021 Offering”). Each unit offered in the February 2021 Offering consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share. The warrants are immediately exercisable and expire on the fifth anniversary of the original issuance date. The exercise price of each two warrants is US$157.5 (US$5.25 before the Reverse Stock Split). The warrants may be exercised only for a whole number of shares and the Company does not issue fractional shares upon exercise of the warrants. The Company completed the February 2021 Offering by selling 640,000 (19,200,000 before the Reverse Stock Split) units and received net proceeds of approximately US$90 million. The units issued consisting of an aggregate of 640,000 (19,200,000 before the Reverse Stock Split) shares of Class A ordinary shares and 640,000 (19,200,000 before the Reverse Stock Split) warrant which can be exercised for 320,000 (9,600,000 before the Reverse Stock Split) shares of Class A ordinary shares.

The Company also entered into inducement agreements with certain investors (the “Holders”) in February 2021 to induce them to exercise the warrants issued to them in connection with the November 2020 Offering and the February 2021 Offering for all 453,333 (13,600,000 before the Reverse Stock Split) Class A ordinary shares available for exercise thereunder (the “Warrant Inducement Offering”). The Holders exercised these warrants, in full, and were issued 453,333 (13,600,000 before the Reverse Stock Split) Class A ordinary shares as a result of such exercises, with the Company receiving aggregate net proceeds of approximately US$68 million after deducting sales commissions payable to the warrant solicitation agents and related expenses. Additionally, as consideration for their exercise of such warrants, the Company issued to the Holders the new warrants, which are exercisable, anytime within five (5) years from the date on which they became exercisable, at an exercise price of US$331.8 (US$11.06 before the Reverse Stock Split) per share, for an aggregate of up to the 453,333 (13,600,000 before the Reverse Stock Split) Class A ordinary shares.

In March 2021, the Company launched another offering for an aggregate of 466,667 (14,000,000 before the Reverse Stock Split) units at US$183 (US$6.1 before the Reverse Stock Split) per unit (the “March 2021 Offering”). Each unit offered in the March 2021 Offering consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share. The warrants are immediately exercisable and expire on the fifth anniversary of the original issuance date. The exercise price of each two warrants is US$197.7 (US$6.59 before the Reverse Stock Split). The warrants may be exercised only for a whole number of shares and the Company does not issue fractional shares upon exercise of the warrants. The Company completed the March 2021 Offering by selling 466,667 (14,000,000 before the Reverse Stock Split) units and received net proceeds of approximately US$80 million. The units issued consisting of an aggregate of 466,667 (14,000,000 before the Reverse Stock Split) shares of Class A ordinary shares and 466,667 (14,000,000 before the Reverse Stock Split) warrant which can be exercised for 233,333 (7,000,000 before the Reverse Stock Split) shares of Class A ordinary shares.

On November 20, 2022, the Company effected a 1-for-30 reverse stock split of Ordinary Shares (the “Reverse Stock Split”), pursuant to which every 30 issued and unissued Class A ordinary shares and Class B ordinary shares of the Company of HK$0.001 each (the “Existing Shares”) be consolidated into one share of HK$0.03 each (each a “Consolidated Share”) in accordance with an ordinary resolution passed at an extraordinary general meeting of the Company held on November 20, 2022.

During the years ended December 31, 2023 and 2022, the Company issued 264,727 and 41,367 (1,241,000 before the Reverse Stock Split) Class A ordinary shares to Tiger Brokers (Singapore) Ptd. Ltd. (the “ESOP platform”) which were reserved for future issuance of the Company’s Class A ordinary shares upon the vesting of RSAs granted under the 2020 Plan. As of December 31, 2023 and 2022, 263,322 and 24,167 (725,000 before the Reverse Stock Split) of such shares were considered issued but not outstanding, respectively.

Warrants

The following table sets forth the Company’s warrant activities for the years ended December 31, 2023, 2022 and 2021:

	Number of shares Issuable*			Weight-average exercise price*
Outstanding and exercisable at January 1, 2021	$	76,667		$	165.0
Granted		1,063,333			240.9
Exercised		(453,333	)		159.6
Balance at December 31, 2021		686,667			286.2
Outstanding and exercisable at December 31, 2021		686,667			286.2
Granted		-			-
Exercised		-			-
Balance at December 31, 2022		686,667			286.2
Outstanding and exercisable at December 31, 2022		686,667			286.2
Granted		-			-
Exercised		-			-
Balance at December 31, 2023		686,667			286.2
Outstanding and exercisable at December 31, 2023		686,667			286.2

Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022.

The intrinsic value of these warrants was approximately nil and nil as of December 31, 2023, and 2022, respectively.

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Schedule of Warrant Activities [Abstract]

Property, Plant and Equipment, Net (Details) - Schedule of Property, Plant and Equipment, Net - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	$ 60,662,533	$ 61,346,776
Accumulated depreciation	(27,454,332)	(24,797,498)
Provision for impairment	(57,140)
Property, plant and equipment, net	33,151,061	36,549,278
Buildings [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	32,489,235	33,224,223
Mechanical equipment [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	17,523,970	17,468,972
Motor vehicles [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	322,657	330,727
Office equipment [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	7,302,990	7,343,494
Computer software [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	684,153	675,644
Leasehold improvement [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross	2,339,528	1,518,282
Construction in progress [Member]
Schedule of Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, gross		$ 785,434

Equity (Details) - Schedule of Warrant Activities - Warrant [Member] - $ / shares

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Number of shares issuable, Outstanding and exercisable

^[1]

686,667

76,667

Weight-average exercise price, Outstanding and exercisable

^[1]

$ 286.2

$ 165

Number of shares issuable, Granted

^[1]

1,063,333

Weight-average exercise price, Granted

^[1]

$ 240.9

Number of shares issuable, Exercised

^[1]

(453,333)

Weight-average exercise price, Exercised

^[1]

$ 159.6

Number of shares issuable, Ending Balance

^[1]

686,667

Weight-average exercise price, Ending Balance

^[1]

$ 286.2

Number of shares issuable, Outstanding and exercisable

^[1]

686,667

Weight-average exercise price, Outstanding and exercisable

^[1]

$ 286.2

[1]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022.

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Total revenues

$ 4,855,181

$ 32,328,119

$ 51,450,247

Cost of revenues

21,558,986

16,915,795

22,227,055

Gross profit (loss)

(16,703,805)

15,412,324

29,223,192

Operating expenses:

Selling expenses

1,893,607

1,956,120

1,418,586

General and administrative expenses

29,041,432

40,712,314

25,774,237

Impairment of intangible assets

3,708,247

20,738,130

Impairment of goodwill

2,299,628

Total operating expenses

36,942,914

63,406,564

27,192,823

Gain on disposal of subsidiaries

(7,524)

(5,941)

Income (loss) from operations

(53,639,195)

(47,988,299)

2,030,369

Other income (expenses):

Interest income

11,941,453

4,362,832

1,779,672

Interest expenses

(4,383)

Other income

1,131,178

1,033,622

133,477

Gain (loss) from investment

356,996

(509,496)

(3,656,520)

Net gain on disposal of cryptocurrency assets

744,803

Exchange gain (loss)

456,647

(2,161,264)

1,780,087

Government grants

62,600

81,911

434,604

Other expenses

(119,531)

(649,476)

(108,328)

Total other income

14,574,146

2,158,129

358,609

Income (loss) before income taxes benefit

(39,065,049)

(45,830,170)

2,388,978

Income taxes benefit

(1,031,461)

(72,933)

(378,843)

Less: net loss attributable to non-controlling interest

(38,033,588)

(45,757,237)

2,767,821

(1,261,445)

(1,868,995)

(1,663,120)

Net income (loss) attributable to Ebang International Holdings Inc.

(36,772,143)

(43,888,242)

4,430,941

Comprehensive income (loss)

(38,033,588)

(45,757,237)

2,767,821

Other comprehensive income (loss):

Total comprehensive income (loss)

(2,278,915)

(5,338,217)

953,073

(40,312,503)

(51,095,454)

3,720,894

Less: comprehensive loss attributable to non-controlling interest

(1,377,803)

(2,379,686)

(1,461,374)

Comprehensive income (loss) attributable to Ebang International Holdings Inc.

$ (38,934,700)

$ (48,715,768)

$ 5,182,268

Net income (loss) per ordinary share attributable to Ebang International Holdings Inc.

Basic (in Dollars per share)

^[1]

$ (5.86)

$ (7.03)

$ 0.75

Diluted (in Dollars per share)

^[1]

$ (5.86)

$ (7.03)

$ 0.75

Weighted average ordinary shares outstanding

Basic (in Shares)

^[2]

6,275,118

6,247,333

5,923,845

Diluted (in Shares)

^[2]

6,275,118

6,247,333

5,928,858

Product revenue

Total revenues

$ 782,349

$ 29,537,224

$ 48,323,022

Service revenue

Total revenues

$ 4,072,832

$ 2,790,895

$ 3,127,225

[1]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.
[2]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Statements of Cash Flows - Parent Company [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities:
Net income (loss)	$ (36,772,143)	$ (43,888,242)	$ 4,430,941
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Share of (income) loss from subsidiaries	46,869,641	12,380,350	(8,634,815)
Amortization expense		6,987,975	1,987,974
Share-based compensation	(153,034)	3,903,970	707,000
Loss on forgiveness of receivable from a subsidiary	1,600,517
Impairment of intangible assets		20,738,130
Changes in assets and liabilities:
Due from subsidiaries	(45,292,116)	127,102,949	(195,566,806)
Other current assets, net	(2,682,168)	400,545	210,904
Accrued liabilities and other payables		(53,603)	(7,973,877)
Due to subsidiaries	409,607
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(36,019,696)	127,572,074	(204,838,679)
Cash Flows from Investing Activities
Collections from short-term investments		15,000,000	25,835,000
Purchases of intangible assets		(10,000,000)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES		5,000,000	25,835,000
Cash Flows from Financing Activities
Proceeds from issuances of ordinary shares			254,727,705
NET CASH PROVIDED BY FINANCING ACTIVITIES			254,727,705
Effect of Foreign Exchange on Cash and Cash Equivalents	(3,780,565)	(1,760,012)	(2,465,348)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(39,800,261)	130,812,062	73,258,678
Cash and Cash Equivalents at Beginning of Year	212,388,959	81,576,897	8,318,219
Cash and Cash Equivalents at End of Year	172,588,698	212,388,959	81,576,897
Non-Cash Investing and Financing Activities:
Issuance of vested restricted share awards	$ 98	$ 232

Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Warrant Activities

The following table sets forth the Company’s warrant activities for the years ended December 31, 2023, 2022 and 2021:

	Number of shares Issuable*			Weight-average exercise price*
Outstanding and exercisable at January 1, 2021	$	76,667		$	165.0
Granted		1,063,333			240.9
Exercised		(453,333	)		159.6
Balance at December 31, 2021		686,667			286.2
Outstanding and exercisable at December 31, 2021		686,667			286.2
Granted		-			-
Exercised		-			-
Balance at December 31, 2022		686,667			286.2
Outstanding and exercisable at December 31, 2022		686,667			286.2
Granted		-			-
Exercised		-			-
Balance at December 31, 2023		686,667			286.2
Outstanding and exercisable at December 31, 2023		686,667			286.2

Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022.

Commitments and Contingencies (Details) ¥ in Millions, $ in Millions			1 Months Ended
	Mar. 09, 2023 CNY (¥)	Apr. 30, 2021 CNY (¥)	Dec. 30, 2021 CNY (¥)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Jan. 29, 2019 USD ($) shares	Jan. 29, 2019 CNY (¥) shares
Commitments and Contingencies [Line Items]
Number of units delivered (in Shares) \| shares								90,000	90,000
Total amount mining machines									¥ 453.6
Total approximately amount mining machines (in Dollars) \| $								$ 65.1
Defendant paid amount									380.0
Defendant approximately paid amount (in Dollars) \| $								54.5
Payment balance amount									¥ 73.6
Balance amount of approximately defendant paid amount (in Dollars) \| $								$ 10.6
Payment of goods			¥ 73.6
Collected					$ 1.1	¥ 7.4
Payment for the contract		¥ 2.0
Goods payment	¥ 2.0
Legal contingencies							¥ 0.5
Zhejiang Provisional Superior People’s Court [Member]
Commitments and Contingencies [Line Items]
Defendant paid amount						¥ 7.4

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets	Dec. 31, 2023
Land use right [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	50 years
Software [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	18 years
Software [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	65 years
Non-patent technology [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	1 year
Non-patent technology [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	3 years
Patents [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	2 years
Patents [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	10 years
License [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Intangible Assets [Line Items]
Estimated useful lives year	20 years

Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Intangible Assets, Net [Abstract]

Intangible assets, net

Note 9 – Intangible assets, net

The following table presents the Company’s intangible assets as of the respective balance sheet dates:

	As of December 31,			As of December 31,
	2023			2022
Land use right	$	2,562,689		$	2,626,781
Non-patent technology		687,437			704,630
License		4,180,417			4,181,273
Software		5,034,167			5,760,071
Patents		29,879,744			29,879,744
Total		42,344,454			43,152,499
Accumulated amortization		(15,468,932	)		(15,523,631	)
Provision for impairment		(24,545,745	)		(20,738,130	)
Intangible assets, net	$	2,329,777		$	6,890,738

Amortization expense for the years ended December 31, 2023, 2022 and 2021 amounted to US$481,728, US$8,888,601 and US$3,399,649, respectively. The Company recorded impairment charges on intangible assets of US$3,708,247, US$20,738,130 and nil for the years ended December 31, 2023, 2022 and 2021, respectively. The approximately US$3.7 million and US$20.7 million impairment charges recorded in the years ended December 31, 2023 and 2022 were recorded against a license and patents, respectively, as the carrying amount of the assets were deemed not recoverable due to the assets’ economic obsolescence identified during the periods. The impairment losses were included in the general and administrative expenses in the consolidated statements of operations and comprehensive income (loss).

Estimated future amortization expense related to intangible assets held as of December 31, 2023:

Year
2024	$	134,407
2025		51,254
2026		51,254
2027		51,254
2028		51,254
Thereafter		1,990,354
Total	$	2,329,777

Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment, Net [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net consist of the following:

	As of December 31,			As of December 31,
	2023			2022
Buildings	$	32,489,235		$	33,224,223
Mechanical equipment		17,523,970			17,468,972
Motor vehicles		322,657			330,727
Office equipment		7,302,990			7,343,494
Computer software		684,153			675,644
Leasehold improvement		2,339,528			1,518,282
Construction in progress		-			785,434
Total		60,662,533			61,346,776
Accumulated depreciation		(27,454,332	)		(24,797,498	)
Provision for impairment		(57,140	)		-
Property, plant and equipment, net	$	33,151,061		$	36,549,278

Nature of Business and Organization

12 Months Ended

Dec. 31, 2023

Nature of Business and Organization [Abstract]

Nature of business and organization

Note 1 – Nature of business and organization

Ebang International Holdings Inc. (“Ebang International”) was incorporated on May 17, 2018, as a holding company, as an exempted company with limited liability in the Cayman Islands. Ebang International principally engages in manufacturing and selling high-performance bitcoin mining machines and telecommunication products, and provides financial technology (“Fintech”) services through independently developed Fintech service platforms.

Ebang International and its consolidated subsidiaries are collectively referred to herein as the “Company”, “we” and “us”, unless specific reference is made to an entity.

Corporate Structure

Ebang International Holdings Inc. is a holding company incorporated in the Cayman Islands that does not have substantive operations. We conduct our businesses through our subsidiaries. As of December 31, 2023, the principal subsidiaries of the Company consist of the following entities:

Name	Background		Ownership
Hangzhou Dewang Information Technology Co., Ltd. (“Hangzhou Dewang”)	●	A PRC limited liability company	51.05% owned by Ebang International through its subsidiaries
	●	Incorporated on December 31, 2015
	●	Principally for the design and manufacture of blockchain chips

Ebang Communications (HK) Technology Limited (“HK Ebang Communications”), formerly known as Hong Kong Bite Co., Ltd.	●	A Hong Kong company	100% owned by Ebang International through its subsidiaries
	●	Incorporated on February 12, 2016
	●	Principally for the trading of blockchain chips


Zhejiang Ebang Communication Technology Co., Ltd. (“Zhejiang Ebang”)	●	A PRC limited liability company	99.99% owned by Ebang International through its subsidiaries
	●	Incorporated on January 21, 2010
	●	Principally holding our businesses in the design, manufacture and sale of telecommunications and blockchain processing equipment

Zhejiang Ebang Information Technology Co., Ltd. (“Ebang IT”)	●	A PRC limited liability company	99.99% owned by Ebang International through its subsidiaries
	●	Incorporated on August 11, 2010
	●	Principally for the design, manufacture and sale of telecommunications and blockchain processing equipment

Ebonex Australia Pty Ltd (“Ebonex Australia”)	●	An Australia company	100% owned by Ebang International through its subsidiaries
	●	Incorporated on April 22, 2021
	●	Principally for operating the cryptocurrency exchange platform

Compass Global Holdings Pty Ltd (“Compass Global”)	●	An Australia company	100% owned by Ebang International through its subsidiaries
	●	Acquired on March 21, 2022
	●	Principally for operating the cross-border payment and foreign exchange business

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Related Parties

Name of related parties		Relationship with the Company
Dong Hu		Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the Company
Hong Kong Dewang Limited		Wholly owned by Zhengqian Jiang, father-in-law of Dong Hu
Zhejiang Wansi Computer Manufacturing Company Limited		68% owned by Aiqun Jiang, spouse of Dong Hu
Hangzhou Yibang Zhiyang Technology Co., Ltd.		Controlled by Dong Hu
Top Max Limited		Controlled by Dong Hu
Shubo Qian		Brother-in-law of Dong Hu
Jun Hu		Sister of Dong Hu
Hangzhou Yiquansheng Communication Technology Co., Ltd.		Controlled by Dong Hu

Segment and Revenue Analysis

12 Months Ended

Dec. 31, 2023

Segment and Revenue Analysis [Abstract]

Segment and revenue analysis

Note 16 – Segment and revenue analysis

The Company operates in a single operating segment that includes the selling of bitcoin mining machines and related accessories, telecommunication products, providing cryptocurrency exchange services, management and maintenance services and cross-border payment and foreign exchange services.

The following table summarizes the revenue generated from different revenue streams:

	For the year ended December 31,		For the year ended December 31,		For the year ended December 31,
	2023		2022		2021
Revenue
Product sale - Bitcoin mining machines and related accessories	$	265,984	$	25,800,263	$	39,756,156
Product sale - Telecommunication equipment		516,365		3,736,961		8,566,866
Service – Cryptocurrency exchange services		1,044,087		105,686		-
Service - Management and maintenance services		391,644		86,344		3,127,225
Service - Cross-border payment and foreign exchange services		2,637,101		2,598,865		-
	$	4,855,181	$	32,328,119	$	51,450,247

The following table summarizes the revenues generated from different geographic region:

	For the year ended December 31,		For the year ended December 31,		For the year ended December 31,
	2023		2022		2021
Geographic region
Mainland China	$	1,173,993	$	29,623,568	$	51,432,545
Australia		3,681,188		2,704,551		-
Other countries and regions		-		-		17,702
	$	4,855,181	$	32,328,119	$	51,450,247

Selected assets of property, plant and equipment, right-of- use assets, intangible assets and goodwill by geographical region within the operating segment is as follows:

	As of December 31,		As of December 31,
	2023		2022
Geographic region
Mainland China	$	36,135,935	$	38,070,043
Hong Kong		239,608		90,949
Australia		3,912,446		10,955,261
Others foreign countries and regions		1,343,581		2,486,139
	$	41,631,570	$	51,602,392

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Nature of Business and Organization [Abstract]

Nature of Business and Organization (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Accompanying Consolidated Financial Statements

As of December 31, 2023, the principal subsidiaries of the Company consist of the following entities:

Name	Background		Ownership
Hangzhou Dewang Information Technology Co., Ltd. (“Hangzhou Dewang”)	●	A PRC limited liability company	51.05% owned by Ebang International through its subsidiaries
	●	Incorporated on December 31, 2015
	●	Principally for the design and manufacture of blockchain chips

Ebang Communications (HK) Technology Limited (“HK Ebang Communications”), formerly known as Hong Kong Bite Co., Ltd.	●	A Hong Kong company	100% owned by Ebang International through its subsidiaries
	●	Incorporated on February 12, 2016
	●	Principally for the trading of blockchain chips


Zhejiang Ebang Communication Technology Co., Ltd. (“Zhejiang Ebang”)	●	A PRC limited liability company	99.99% owned by Ebang International through its subsidiaries
	●	Incorporated on January 21, 2010
	●	Principally holding our businesses in the design, manufacture and sale of telecommunications and blockchain processing equipment

Zhejiang Ebang Information Technology Co., Ltd. (“Ebang IT”)	●	A PRC limited liability company	99.99% owned by Ebang International through its subsidiaries
	●	Incorporated on August 11, 2010
	●	Principally for the design, manufacture and sale of telecommunications and blockchain processing equipment

Ebonex Australia Pty Ltd (“Ebonex Australia”)	●	An Australia company	100% owned by Ebang International through its subsidiaries
	●	Incorporated on April 22, 2021
	●	Principally for operating the cryptocurrency exchange platform

Compass Global Holdings Pty Ltd (“Compass Global”)	●	An Australia company	100% owned by Ebang International through its subsidiaries
	●	Acquired on March 21, 2022
	●	Principally for operating the cross-border payment and foreign exchange business

Accrued Liabilities and Other Payables (Details) - Schedule of Components of Accrued Liabilities and Other Payables - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Components of Accrued Liabilities and Other Payables [Abstract]
Salary payable	$ 2,239,227	$ 1,928,684
Payable to consultants	82,265	49,047
Refundable deposit to customers	53,162	86,991
Payable to property, plant and equipment suppliers	4,110,691	4,565,086
Customer custodial cash liabilities	1,612,075	3,919,793
Other accrued liabilities	1,707,428	969,490
Total accrued liabilities and other payables	$ 9,804,848	$ 11,519,091

Operating leases (Details) - Schedule of Maturity Analysis of Operating Lease Liabilities, Including Operating Lease Liabilities to Related Parties - Operating Lease [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating leases (Details) - Schedule of Maturity Analysis of Operating Lease Liabilities, Including Operating Lease Liabilities to Related Parties [Line Items]
2024	$ 2,142,561
2025	1,808,714
2026	983,979
2027	720,780
2028	754,036
Thereafter	1,399,884
Total lease payment	7,809,954
Less: imputed interest	(1,133,654)
Present value of operating lease liabilities	6,676,300
Less: current obligation	(1,793,108)
Long-term obligation at December 31, 2023	$ 4,883,192	$ 7,257,144

Operating leases

12 Months Ended

Dec. 31, 2023

Operating Leases [Abstract]

Operating leases

Note 14 – Operating leases

The Company entered into operating lease agreements for factory buildings, office spaces and employee dormitories including lease agreements with its related party, with various initial term expiration dates through 2030 and various renewal and termination options. None of the amounts disclosed below for these leases contains variable payments, residual value guarantees or options that were recognized as part of the right-of-use assets and lease liabilities. As the Company’s leases did not provide an implicit discount rate, the Company used an incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments.

As of December 31, 2023 and 2022, the Company recognized operating lease liabilities, including current and noncurrent, in the amount of US$6,676,300 and US$7,257,144, respectively, and the corresponding operating lease right-of-use assets of US$6,150,732 and US$5,862,748, respectively.

Also see Note 18 for related party operating lease commitments.

The following components of lease cost are included in the Company’s consolidated statements of operations and comprehensive income (loss):

	For the year ended December 31,		For the year ended December 31,		For the year ended December 31,
	2023		2022		2021
Operating lease cost	$	2,053,911	$	1,948,051	$	1,177,689
Short-term lease cost		18,404		35,710		117,118
Total lease cost	$	2,072,315	$	1,983,761	$	1,294,807

Supplemental cash flow information related to operating leases was as follows:

	For the year ended		For the year ended		For the year ended
	December 31,		December 31,		December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	2,692,699	$	1,559,148	$	1,414,151
Supplemental lease cash flow disclosure
Operating lease right-of-use assets obtained in exchange for operating lease liabilities		1,801,664		5,394,251		3,387,501

Supplemental balance sheet information related to operating leases was as follows:

	As of			As of
	December 31,			December 31,
	2023			2022
Operating lease right-of-use assets	$	6,119,535		$	5,343,608
Operating lease right-of-use assets – related parties		31,197			519,140
Total operating lease right-of-use assets	$	6,150,732		$	5,862,748

Operating lease liabilities, current	$	1,764,259		$	1,217,604
Operating lease liabilities – related parties, current		28,849			283,567
Operating lease liabilities, non-current		4,880,844			5,755,973
Operating lease liabilities – related party, non-current		2,348			-
Total operating lease liabilities	$	6,676,300		$	7,257,144

Weighted average remaining lease term of operating leases		4.90 Years			6.34 Years
Weighted average discount rate of operating leases		6.5250	%		6.5250	%

The Company’s maturity analysis of operating lease liabilities, including operating lease liabilities to related parties, as of December 31, 2023 is as follows:

	Operating
	Leases
2024	$	2,142,561
2025		1,808,714
2026		983,979
2027		720,780
2028		754,036
Thereafter		1,399,884
Total lease payment		7,809,954
Less: imputed interest		(1,133,654	)
Present value of operating lease liabilities		6,676,300
Less: current obligation		(1,793,108	)
Long-term obligation at December 31, 2023	$	4,883,192

Business Acquisition and Goodwill

12 Months Ended

Dec. 31, 2023

Business Acquisition and Goodwill [Abstract]

Business Acquisition and Goodwill

Note 3 – Business Acquisition and Goodwill

Acquisitions in 2022

Compass Global Holdings Pty Ltd (“Compass Global”).

On March 21, 2022, the Company acquired 100% equity interests of Compass Global for a total cash consideration of AUD8,000,000 (approximately US$5.9 million). Upon the acquisition, Compass Global became a consolidated subsidiary of the Company.

The total purchase consideration of AUD8 million (approximately US$5.9 million) consisted of a cash payment of approximately AUD4.2 million (approximately US$3.1 million) to the former shareholders of Compass Global and approximately AUD3.8 million (approximately US$2.8 million) to settle liabilities. The assets and liabilities of Compass Global were recorded at their respective estimated fair value as of the acquisition date.

	Amount in US$

Current assets		13,341,925
Other non-current assets		20,684
License		4,537,549
Total assets acquired		17,900,158
Current liabilities		(13,340,550	)
Deferred tax liabilities		(1,134,387	)
Total liabilities assumed		(14,474,937	)
Net identifiable assets acquired		3,425,221
Total consideration		5,920,795
Goodwill		2,495,574

Goodwill, which is not tax deductible, is primarily attributable to the excess of the purchase consideration over the fair value of the net identifiable assets of the acquiree and is related to synergies expected to be achieved from the acquisition.

The fair value of the financial license is determined using the multi-period excess earnings method.

The determination of fair values involves the use of significant judgments and estimates. The judgments used to estimate the fair value assigned to assets acquired and liabilities assumed, the life of the intangible asset, as well as the significant assumptions, can materially impact the Company’s consolidated financial statements. Significant assumptions used for the model include the forecasted operating cash flows and discount rate. The Company utilized the assistance of a third-party valuation firm to determine the fair value as of the date of acquisition.

The revenue and net income since the acquisition date included in the consolidated statements of operations and comprehensive income (loss) for the period ended December 31, 2022 were US$2,634,580 and US$111,175, respectively. Pro forma results reflecting this transaction were not presented because they are not significant to the Company’s consolidated financial results.

Impairment of goodwill and intangible assets related to entity acquired

As a result of the assessment over the operating results of Compass Global, the Company recognized impairment loss on goodwill of US$2,299,628 and the license of US$3,708,247 during the year ended December 31, 2023. The Company used the income approach with the discounted cash flow valuation method to estimate the fair value of Compass Global, and used the multi-period excess earnings method to estimate the fair value of the license with the assistance of a third-party valuation specialist. The determination of fair value requires management to make significant estimates and assumptions related to forecasted revenues and cash flows and the discount rate.

Statutory Reserves and Restricted Net Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
PRC subsidiaries [Member]
Statutory Reserves and Restricted Net Assets (Details) [Line Items]
Restricted net assets	$ 241,512,633	$ 188,481,193

Segment and Revenue Analysis (Details) - Schedule of Revenue - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Revenue [Line Items]
Revenue	$ 4,855,181	$ 32,328,119	$ 51,450,247
Product sale - Bitcoin Mining Machines and Related Accessories [Member]
Schedule of Revenue [Line Items]
Revenue	265,984	25,800,263	39,756,156
Product sale - Telecommunication Equipment [Member]
Schedule of Revenue [Line Items]
Revenue	516,365	3,736,961	8,566,866
Service – Cryptocurrency Exchange Transaction Matching Service [Member]
Schedule of Revenue [Line Items]
Revenue	1,044,087	105,686
Service - Management and Maintenance [Member]
Schedule of Revenue [Line Items]
Revenue	391,644	86,344	3,127,225
Service - Cross-Border Payment and Foreign Exchange Services [Member]
Schedule of Revenue [Line Items]
Revenue	$ 2,637,101	$ 2,598,865

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

Accrued Liabilities and Other Payables [Abstract]

Disposal of Subsidiaries (Details)		2 Months Ended	6 Months Ended		12 Months Ended
Disposal of Subsidiaries (Details)	Mar. 01, 2023 SGD ($)	Mar. 01, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disposal of Subsidiaries (Details) [Line Items]
Cash consideration (in Yuan Renminbi) \| ¥				¥ 1
Disposal gain			$ 5,941		$ 7,524	$ 5,941
Incurred net loss			6,700,000
Net negative assets			$ 5,941
Disposed equity interest	100.00%
Cash consideration (in Dollars)	$ 10,000
Net income		$ 0				$ 7,666	$ 928
Hangzhou Ebang Hongling Technology Co., Ltd. [Member]
Disposal of Subsidiaries (Details) [Line Items]
Owned subsidiary			100.00%
Wuhai Ebang Information Technology Co., Ltd. [Member]
Disposal of Subsidiaries (Details) [Line Items]
Owned subsidiary			100.00%

Accrued Liabilities and Other Payables

12 Months Ended

Dec. 31, 2023

Accrued liabilities and other payables

Note 10 – Accrued liabilities and other payables

The components of accrued liabilities and other payables are as follows:

	As of December 31,		As of December 31,
	2023		2022
Salary payable	$	2,239,227	$	1,928,684
Payable to consultants		82,265		49,047
Refundable deposit to customers		53,162		86,991
Payable to property, plant and equipment suppliers		4,110,691		4,565,086
Customer custodial cash liabilities		1,612,075		3,919,793
Other accrued liabilities		1,707,428		969,490
Total accrued liabilities and other payables	$	9,804,848	$	11,519,091

Other accrued liabilities mainly consist of insurance payables, social security payables, accrued professional service fees. The customer custodial cash liabilities represent the cash held on behalf of customers for the settlement of future cross-border payment and foreign exchange services. The corresponding customer custodial cash asset with balance in the same amount was included in other current asset, net in the consolidated balance sheet.

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Balance Sheets - Parent Company [Member] - USD ($)

Dec. 31, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

$ 172,588,698

$ 212,388,959

Other current assets, net

2,939,668

257,500

Due from subsidiaries

158,603,618

114,912,019

Total current assets

334,131,984

327,558,478

Total assets

334,131,984

327,558,478

Current liabilities:

Deficit of investments in subsidiaries

53,878,530

8,626,897

Due to subsidiaries

409,607

Total current liabilities

54,288,137

8,626,897

Total liabilities

54,288,137

8,626,897

Shareholders’ equity:

Additional paid-in capital

397,467,795

397,620,927

Accumulated deficit

(103,761,016)

(66,988,873)

Accumulated other comprehensive loss

(13,887,088)

(11,724,531)

Total Ebang International Holdings Inc. shareholders’ equity

279,843,847

318,931,581

Total liabilities and equity

334,131,984

327,558,478

Common Class A [Member]

Shareholders’ equity:

Ordinary share value

^[1],[2]

18,178

18,080

Common Class B [Member]

Shareholders’ equity:

Ordinary share value

^[2]

$ 5,978

[1]	As of December 31, 2023 and 2022, 263,322 and 24,167 (725,000 before the Reverse Stock Split) shares reserved for future issuance upon the vesting of RSAs granted under the 2020 Plan were considered issued but not outstanding, respectively. See Note 12.
[2]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

Concentration of Risks

12 Months Ended

Dec. 31, 2023

Concentration of Risks [Abstract]

Concentration of risks

Note 17 – Concentration of risks

Concentration of credit risks and customers

Accounts receivable concentration of credit risk is as below:

	As of December 31,			As of December 31,
	2023			2022
Customer A		20	%		20	%
Customer B		*%			20	%
Customer C		*%			11	%
Customer D		14	%		*%
Customer E		11	%		*%

Supplier concentration of credit risk is as below:

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Supplier A		*%			*%			22	%
Supplier B		*%			*%			13	%
Supplier C		21	%		11	%		*%
Supplier D		15	%		*%			*%

Revenue concentration of credit risk is as below:

	For the year ended December 31,		For the year ended December 31,			For the year ended December 31,
	2023		2022			2021
Customer F		*%		*%			11	%
Customer G		*%		76	%		32	%

Less than 10%

Vulnerability to cybersecurity incidents

Although the Company has developed systems and processes designed to protect the data the Company manages, prevent data loss and other security breaches, effectively respond to known and potential risks, and expect to continue to expend significant resources to bolster these protections, there can be no assurance that these security measures will provide absolute security or prevent breaches. The Company may also experience material breaches of its security measures due to human error, malfeasance, insider threats, system errors, vulnerabilities, or other irregularities. During the year ended December 31, 2023, the Company suffered from a cybersecurity incident resulting a loss of cryptocurrencies of approximately US$2.3 million, which is included in general and administrative expenses on the consolidated statements of operations and comprehensive income (loss). The Company is actively pursuing the recovery of the cryptocurrencies but there can be no assurance that these cryptocurrencies can be recovered.

Business Acquisition and Goodwill (Details) - Schedule of the Assets Acquired, Liabilities Assumed and Related Deferred Income Tax - Business Acquisitions [Member]	Dec. 31, 2023 USD ($)
Business Acquisition and Goodwill (Details) - Schedule of the Assets Acquired, Liabilities Assumed and Related Deferred Income Tax [Line Items]
Current assets	$ 13,341,925
Other non-current assets	20,684
License	4,537,549
Total assets acquired	17,900,158
Current liabilities	(13,340,550)
Deferred tax liabilities	(1,134,387)
Total liabilities assumed	(14,474,937)
Net identifiable assets acquired	3,425,221
Total consideration	5,920,795
Goodwill	$ 2,495,574

Intangible Assets, Net (Details) - USD ($)	12 Months Ended
Intangible Assets, Net (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net [Line Items]
Amortization expense	$ 481,728	$ 8,888,601	$ 3,399,649
Impairment charges on intangible assets	3,708,247	20,738,130
Indefinite-Lived Intangible Assets [Member]
Intangible Assets, Net [Line Items]
Impairment charges on intangible assets	3,708,247	20,738,130
License and Patents [Member]
Intangible Assets, Net [Line Items]
Impairment charges on intangible assets	$ 3,700,000	$ 20,700,000

Share-Based Compensation (Details) - Schedule of RSAs Activity Under the 2020 Plan - RSU [Member] - $ / shares

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Share-Based Compensation (Details) - Schedule of RSAs Activity Under the 2020 Plan [Line Items]

Number of RSAs unvested, beginning balance

133,066

^[1]

53,867

^[1]

Weighted average grant date fair value unvested, beginning balance

$ 40.34

^[1]

$ 75.6

^[1]

Number of RSAs, Granted

^[1]

172,333

^[1]

61,200

Weighted average grant date fair value, Granted

^[1]

$ 31.06

^[1]

$ 75.6

Number of RSAs, vested

(25,572)

^[1]

(60,534)

^[1]

Weighted average grant date fair value, Vested

$ 31.31

^[1]

$ 37.67

^[1]

Number of RSAs, forfeited

(16,075)

^[1]

(32,600)

^[1]

(7,333)

Weighted average grant date fair value, Forfeited

$ 65

^[1]

$ 54.55

^[1]

$ 75.6

Number of RSAs unvested, ending balance

^[1]

91,419

133,066

53,867

Weighted average grant date fair value unvested, ending balance

^[1]

$ 38.52

$ 40.34

$ 75.6

[1]	Retrospectively adjusted for the effect of the Reverse Stock Split on November 20, 2022. See Note 12.

Accounts Receivable, Net

12 Months Ended

Dec. 31, 2023

Accounts Receivable, Net [Abstract]

Accounts receivable, net

Note 6 – Accounts receivable, net

Accounts receivable, net consist of the following:

	As of December 31,			As of December 31,
	2023			2022
Accounts receivable	$	3,021,794		$	6,858,185
Less: Allowance for doubtful accounts		(2,075,280	)		(3,523,458	)
Accounts receivable, net	$	946,514		$	3,334,727

Movements of allowance for doubtful accounts are as follows:

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Allowance for doubtful accounts, beginning balance	$	3,523,458		$	4,601,637		$	4,788,855
Provision for (reversal of) doubtful accounts		(304,112	)		1,968,316			(310,012	)
Uncollectible accounts receivable written-off		(981,152	)		(2,705,446	)		-
Effects of foreign exchange rate		(162,914	)		(341,049	)		122,794
Allowance for doubtful accounts, ending balance	$	2,075,280		$	3,523,458		$	4,601,637

Statutory Reserves and Restricted Net Assets (Tables)

12 Months Ended

Dec. 31, 2023

Statutory Reserves and Restricted Net Assets [Abstract]

Schedule of PRC Subsidiaries

Amounts restricted include paid-in capital, additional paid-in capital, and the statutory reserves of the Company’s PRC subsidiaries.

	As of December 31		As of December 31,
	2023		2022
PRC entities
Paid-in capital	$	86,131,578	$	83,872,972
Additional paid-in capital		144,532,239		93,759,405
Statutory reserves		10,848,816		10,848,816
Total restricted net assets	$	241,512,633	$	188,481,193

Schedule of Intangible Assets with Definite Useful Lives

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details

Short-Term Investments (Details) - USD ($)	12 Months Ended
Short-Term Investments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Short-Term Investments [Abstract]
Unrealized loss related to investments marketable securities	$ 35,758	$ 640,998	$ 3,890,427

Intangible Assets, Net (Details) - Schedule of Intangible Assets with Definite Useful Lives - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Total	$ 42,344,454	$ 43,152,499
Accumulated amortization	(15,468,932)	(15,523,631)
Provision for impairment	(24,545,745)	(20,738,130)
Intangible assets, net	2,329,777	6,890,738
Land use right [Member]
Finite-Lived Intangible Assets [Line Items]
Total	2,562,689	2,626,781
Non-patent technology [Member]
Finite-Lived Intangible Assets [Line Items]
Total	687,437	704,630
License [Member]
Finite-Lived Intangible Assets [Line Items]
Total	4,180,417	4,181,273
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Total	5,034,167	5,760,071
Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 29,879,744	$ 29,879,744

Operating leases (Details) - Schedule of Balance Sheet Information Related to Operating Leases - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Balance Sheet Information Related to Operating Leases [Abstract]
Operating lease right-of-use assets	$ 6,119,535	$ 5,343,608
Operating lease right-of-use assets – related parties	31,197	519,140
Total operating lease right-of-use assets	6,150,732	5,862,748
Operating lease liabilities, current	1,764,259	1,217,604
Operating lease liabilities – related parties, current	28,849	283,567
Operating lease liabilities, non-current	4,880,844	5,755,973
Operating lease liabilities – related party, non-current	2,348
Total operating lease liabilities	$ 6,676,300	$ 7,257,144
Weighted average remaining lease term of operating leases	4 years 10 months 24 days	6 years 4 months 2 days
Weighted average discount rate of operating leases	6.525%	6.525%

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2023

Intangible Assets, Net [Abstract]

The following table presents the Company’s intangible assets as of the respective balance sheet dates:

	As of December 31,			As of December 31,
	2023			2022
Land use right	$	2,562,689		$	2,626,781
Non-patent technology		687,437			704,630
License		4,180,417			4,181,273
Software		5,034,167			5,760,071
Patents		29,879,744			29,879,744
Total		42,344,454			43,152,499
Accumulated amortization		(15,468,932	)		(15,523,631	)
Provision for impairment		(24,545,745	)		(20,738,130	)
Intangible assets, net	$	2,329,777		$	6,890,738

Schedule of Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense related to intangible assets held as of December 31, 2023:

Year
2024	$	134,407
2025		51,254
2026		51,254
2027		51,254
2028		51,254
Thereafter		1,990,354
Total	$	2,329,777

Concentration of Risks (Tables)

12 Months Ended

Dec. 31, 2023

Concentration of Risks [Abstract]

Schedule of Concentration of Credit Risk

Accounts receivable concentration of credit risk is as below:

	As of December 31,			As of December 31,
	2023			2022
Customer A		20	%		20	%
Customer B		*%			20	%
Customer C		*%			11	%
Customer D		14	%		*%
Customer E		11	%		*%

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Supplier A		*%			*%			22	%
Supplier B		*%			*%			13	%
Supplier C		21	%		11	%		*%
Supplier D		15	%		*%			*%

	For the year ended December 31,		For the year ended December 31,			For the year ended December 31,
	2023		2022			2021
Customer F		*%		*%			11	%
Customer G		*%		76	%		32	%

Less than 10%

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

Basis of presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the SEC.

Principles of consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.

Reclassification

Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no impact on net earnings and financial position.

Non-controlling Interest

Non-controlling interest on the consolidated balance sheets is primarily resulted from the consolidation of Hangzhou Dewang, a 51.05% owned subsidiary, and Shanghai Yijiaxin IC Design Co., Ltd. (“Shanghai Yijiaxin”), a wholly-owned subsidiary of Hangzhou Dewang, which became effectively 51.05% owned by the Company. The portion of the income or loss applicable to the non-controlling interest in the subsidiaries are reflected in the consolidated statements of operations and comprehensive income (loss).

Use of estimates and assumptions

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Company’s consolidated financial statements include the impairment of goodwill and an intangible asset recognized from a business combination, and the purchase price allocation relating to a business combination. Other accounting estimates include, but not limited to, estimates for inventory write-down, share-based compensation, useful lives of long-lived assets, impairment of long-lived assets other than impairment of an intangible asset recognized from a business combination, which is considered as a significant accounting estimate, credit losses, income taxes including valuation allowance for deferred tax assets and implicit interest rate of operating leases. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.

Foreign currency translation and transaction

The accompanying consolidated financial statements are presented in the United States dollar (“$, or US$”), which is the reporting currency of the Company. The functional currency of HK Ebang Communications, HK Ebang Information, all US and BVI entities is United State dollars, the functional currency of Ebang International, HK Ebang Technology is Hong Kong dollar (“HKD”), the functional currency of the PRC subsidiaries is Renminbi (“RMB”), the functional currency of the Australian entities is Australian dollar (“AUD”), and the functional currencies of the remaining subsidiaries are generally the local currencies used in the countries where these subsidiaries are incorporated.

Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues, costs and expenses are translated at the average rates for the annual period. Translation gains and losses are recognized in the consolidated statements of operations and comprehensive income (loss) as other comprehensive income (loss). Transactions in currencies other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of operations and comprehensive income (loss) as exchange gain (loss).

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, demand deposits and time deposits placed with banks or other financial institutions and have original maturities of less than three months.

Restricted cash

Restricted cash mainly represents the bank deposit pledged in exchange for bank guarantee services related to the Company’s performance of product repairment under factory warranty. As of December 31, 2023 and 2022 the Company had restricted cash balance of US$1,285,900 and US$932,164, respectively.

Short-term investments

The Company’s short-term investments consist of investments in marketable securities, which are accounted for under ASC 321 and reported at their readily determinable fair values as quoted by market exchanges with changes in fair value recognized in earnings.

Short-term investments also include wealth management products with certain financial institutions, which are subject to variable rates of return or not principal-guaranteed. These investments are classified as available-for-sale debt securities and reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive income (loss) on the consolidated balance sheets, if any. Realized gains and losses from the sale of available-for-sale debt securities are determined on an aggregate approach basis and are included in the consolidated statements of operations and comprehensive income (loss).

In addition, short-term investments are also comprised of time deposits placed with banks with original maturities of greater than three months but less than twelve months.

Current expected credit losses

The Company’s financial assets, primarily accounts receivable and other receivable, are within the scope of ASC Topic 326. The Company has identified the relevant risk characteristics of its customers and the related receivables and other current assets which include type of the products and services the Company provides, nature of the customers or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Company considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Company’s receivables. Additionally, external data and macroeconomic factors are also considered.

For the years ended December 31, 2023, 2022 and 2021, the Company recorded credit losses on other receivable of US$1,279,226, US$1,835,121 and nil, respectively, and credit losses (reversal of credit losses) on accounts receivable of US$(304,112), US$1,968,316 and US$(310,012), respectively.

Inventories, net

Inventories consist of finished goods, work in process, and raw materials. Inventories are stated at the lower of cost and net realizable value. Cost of inventory is determined using the weighted average cost method. Adjustments are recorded to write down the cost of inventory to the estimated net realizable value due to slow-moving and obsolete inventory, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased.

Business combinations

Business combination

The Company accounts for its business combination using the acquisition method of accounting. The purchase price of the acquisition is allocated to the assets, liabilities, identifiable intangible assets acquired, and non-controlling interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses are expensed as incurred. Consideration transferred in a business acquisition is measured at fair value as of the date of acquisition. Transaction costs directly attributable to the acquisition are expensed as incurred.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in a business combination. In accordance with ASC Topic 350, Goodwill and Other Intangible Assets (“ASC 350”), recorded goodwill amounts are not amortized, but rather assessed for impairment annually or more frequently if there are indicators of impairment present, applying a fair-value based test.

When performing the annual impairment test, the Company has the option of performing a qualitative or quantitative assessment to determine if an impairment has occurred. If a qualitative assessment indicates that it is more likely than not that the fair value of a reporting unit is less than the carrying amount, the Company would be required to perform a quantitative impairment analysis for goodwill. The quantitative analysis requires a comparison of fair value of the reporting unit to the carrying value, including goodwill. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The fair value is generally determined using the income approach.

Property, plant and equipment, net

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:

Buildings		20 years
Computer software		10 years
Leasehold improvements		Over the shorter of the lease term or expected useful lives
Office equipment		3-5 years
Motor vehicles		5 years
Mechanical equipment		3-10 years

The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of operations and comprehensive income (loss). Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized.

Construction in progress represents assets under construction. All direct costs relating to the construction are capitalized as construction in progress. Construction in progress is not depreciated until the asset is placed in service.

Cryptocurrencies

Cryptocurrencies held are accounted for as intangible assets with indefinite useful lives. An intangible asset with an indefinite useful life is not amortized but assessed for impairment quarterly, or more frequently, when events or changes in circumstances occur, principally decreases in the quoted prices of the cryptocurrencies, indicating that it is more likely than not that the indefinite-lived asset is impaired. In determining if an impairment has occurred, the Company considers the intraday lowest quoted price of one unit of cryptocurrency since acquiring the cryptocurrency. If the then current carrying value of the unit of cryptocurrency exceeds the fair value so determined, an impairment loss has occurred with respect to those units of cryptocurrencies in the amount equal to the difference between their carrying values and the fair value determined. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. For the years ended December 31, 2023, 2022 and 2021, the Company did not recognize any impairment loss.

The purchases and sales of cryptocurrencies are included within investing activities in the accompanying consolidated statements of cash flows and any realized gains or losses from such sales are included in gain or loss of disposal of cryptocurrencies in the consolidated statements of operations and comprehensive income (loss). The Company accounts for its gains or losses in accordance with the first-in-first-out (FIFO) method of accounting.

Receivables settled in cryptocurrencies are measured at fair value of the underlying cryptocurrencies based on their respective quoted price initially and subsequently on the measurement date. The change in fair value of the underlying cryptocurrencies is recognized as other income or expenses on the consolidated statements of operations and comprehensive income (loss). Receivable settled in cryptocurrencies is further adjusted for expected credit losses.

The cryptocurrencies held are included in other assets on the consolidated balance sheets. As of December 31, 2023 and 2022, the balance of cryptocurrencies and receivable settled in cryptocurrencies were immaterial.

Intangible assets, net

The Company’s intangible assets with definite useful lives primarily consist of software, non-patent technology, patents, land use right and a license acquired in connection with the business combination. The Company typically amortizes its software, non-patent technology, patents and license with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated useful lives.

The intangible asset acquired in connection with the business combination is recognized and measured at fair value at the time of acquisition. See Note 3.

According to the law of PRC, the government owns all the land in the PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government for a specified period of time. The Company amortizes its land use rights using the straight-line method over the periods the rights are granted.

The estimated useful lives are as follows:

Land use right		50 years
Software		18 - 65 months
Non-patent technology		1 - 3 years
Patents		2 - 10 years
License		20 years

Impairment of long-lived assets

Impairment of long-lived assets other than goodwill

Long-lived assets, including property, plant and equipment, right-of-use assets and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognizes an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from the disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values.

Fair value measurement

The accounting standard regarding the fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.

The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follows:

●

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

●

Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. Unobservable inputs reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.

ASC 820 describes three main approaches to measuring the fair value of assets and liabilities:

(1) market approach; (2) income approach; and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

The financial asset carried at fair value on a recurring basis as of December 31, 2023 and 2022 is as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance

Short-term investments
As of December 31, 2023	$	496,122	$	-	$	-	$	496,122
As of December 31, 2022	$	5,611,815	$	223,562	$	-	$	5,835,377

Financial instruments included in current assets and current liabilities except for short-term investments and operating lease liability – related parties, current is reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.

The Company’s non-financial assets, including cryptocurrencies, intangible assets, goodwill and property, plant and equipment are measured at fair value when an impairment charge is recognized. Fair value of cryptocurrencies is based on quoted prices in active markets.

Related party transactions

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature.

Revenue recognition

The Company accounts for its revenue in accordance with ASC 606, Revenue from Contracts with Customers (“Topic 606”) for all periods presented. Consistent with the criteria of Topic 606, the Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services to the extent the Company deems the collection of such consideration is probable. Value-added tax that the Company collects concurrent with revenue-producing activities is excluded from revenue.

Products revenue

The Company generates product revenue from the sale of Bitcoin mining machines and related accessories directly to a customer, such as a business or individual engaged in Bitcoin mining activities. The Company recognizes revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or shipped to customers. The Company’s sales arrangements for Bitcoin mining machines usually require a full prepayment before the delivery of products. The advance payment is not considered a significant financing component because the period between the Company transfers a promised good to a customer and when the customer pays for that good is short. The Company also offers credit sales to certain customers and the payment terms under credit sales generally consist of full payment of consideration within one year after the shipping date.

The Company also generates revenue from the sale of telecommunication products directly to a customer, such as a business or individual engaged in telecommunication businesses. The Company recognizes revenue at a point in time when products are delivered and customer acceptance is received. For the sales arrangements of telecommunications products, the Company generally requires payment upon issuance of invoices.

The Company elected to account for shipping and handling fees that occur after the customer has obtained control of goods, for instance, free on board shipping point arrangements, as a fulfillment cost and accrues for such costs. The Company provides factory warranty for the products sold, and the repairment cost incurred was immaterial for the years ended December 31, 2023, 2022 and 2021.

Service revenue - Management and maintenance services

The Company generates revenue from management and maintenance services under separate contracts. Revenue from management services primarily includes service fees for the provision of mining machine hosting services to customers and maintenance services primarily relates to the Company’s repairment service for the telecommunication equipment the Company sold to its customers. The Company halted mining machine hosting services in the PRC at the end of April 2021. Revenue from the maintenance service to the customer is recognized at a point in time when services are provided. Revenue from the management service to the customer is recognized as the performance obligation is satisfied over time over the service period.

Service revenue - Cross-border payment and foreign exchange services

The Company generates revenue from cross-border payment and foreign exchange services started from March 2022 in connection with the acquisition of Compass Global Holdings Pty Ltd. See Note 3.

For the majority of the cross-border payment and foreign exchange services, customers agree to terms and conditions for all transactions, either at the time of initiating a transaction or signing a contract with the Company to provide payment services to the customers. Revenue is measured as the difference between the exchange rate set by the Company to the customer and a rate available in the wholesale foreign exchange market. The Company executes the transaction and makes payments to the recipient to satisfy its performance obligation to the customer, and therefore, the Company recognizes revenue at a point in time when this performance obligation has been fulfilled.

Service revenue - Cryptocurrency exchange services

The Company generates revenue from cryptocurrency exchange service by facilitating the customers’ cryptocurrency transactions via the Company’s proprietary exchange platform or through an offline, over-the-counter (“OTC”) transaction facilitation process. The Company acts as an agent in the transactions and presents revenue for the fees earned on a net basis.

Cryptocurrency exchange transactions were matched on the Company’s proprietary exchange platform when a customer submits an offer to buy, sell, or convert cryptocurrencies, and another customer accepts and settles that offer. The Company charges a service fee in fiat currency or cryptocurrencies at transaction level in amount calculated based on volume which varies depending on the payment type and the value of the transaction. The Company also conducts cryptocurrency exchange services through its OTC execution typically by acting as an agent and providing transaction matching to the customers’ offers through the utilization of liquidity providers. In the case when a customer raises the need to buy cryptocurrencies, the Company will help the customer to look for a matching need to sell the same quantity of cryptocurrencies from a liquidity provider. When the Company finds such a liquidity provider, the Company asks for the selling rate, and applies a margin to the rate and offer to the customer. If the customer agrees to the rate, the Company facilitates the transaction. Revenue generated from the transaction matching through OTC facilitation is measured to be the margin applied to the rate set by the liquidity provider and the transaction price is charged and collected in fiat currency. The Company considers its performance obligation satisfied and recognizes revenue at a point in time when the transaction is processed. Contracts with customers are usually open-ended and can be terminated by either party without a termination penalty. Therefore, contracts are defined at the transaction level and do not extend beyond the service already provided. The Company does not provide refunds, concession, or reversal of a completed transaction.

Judgment is required in determining whether the Company is the principal or the agent in transactions among customer or between customers and liquidity providers. The Company evaluates the presentation of revenue on a gross or net basis based on whether it controls the cryptocurrency provided before it is transferred to the customer (gross) or whether it acts as an agent by arranging for another customer or a liquidity provider to provide the cryptocurrency to the customer (net). The Company does not control the cryptocurrency being provided before it is transferred to the buyer and does not have inventory risk related to the cryptocurrency. The Company also does not set the price for the cryptocurrency as the price involved in the transaction is a market or a negotiated rate between customers or parties. As a result, the Company acts as an agent in facilitating the ability for a customer to purchase cryptocurrencies from another customer.

The Company commenced the cryptocurrency exchange business in 2022. For the years ended December 31, 2023 and 2022, the revenue generated from the cryptocurrency exchange services was primarily from the transaction matching facilitated through OTC execution.

Revenue disaggregation

Management has concluded that the disaggregation level is the same under both the revenue standard and the segment reporting standard. Revenue under the segment reporting standard is measured on the same basis as under the revenue standard. See Note 16 for information regarding revenue disaggregation by revenue streams and countries.

Contract liabilities

Contract liabilities are recorded when consideration is received from a customer prior to transferring the goods or services to the customer or other conditions under the terms of a sales contract. As of December 31, 2023 and 2022, the Company recorded contract liabilities of US$69,361 and US$1,010,852, respectively, which were presented as advances from customers on the accompanying consolidated balance sheets. During the years ended December 31, 2023, 2022 and 2021, the Company recognized US$1,209, US$31,761 and US$126,333, of contract liabilities as revenue, respectively.

Segment reporting

The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker has been identified as the chief executive officer of the Company who reviews financial information based on U.S. GAAP. The chief operating decision maker now reviews results analyzed by the marketing channel. This analysis is only presented at the revenue level with no allocation of direct or indirect costs. Consequently, the Company has determined that it has only one operating segment.

Selling and handling expenses

Selling and handling costs amounted to US$6,630, US$8,745 and US$54,473 for the years ended December 31, 2023, 2022 and 2021, respectively. Selling and handling costs are expensed as incurred and included in selling expenses.

General and administrative expenses

General and administrative expenses consist primarily of research and development expenses, salary and welfare for general and administrative personnel, rental expenses, depreciation and amortization associated with general and administrative personnel, allowance for doubtful accounts, impairment of intangible assets, entertainment expenses, general office expenses and professional service fees.

The Company recognizes research and development expenses when incurred. Research and development expenses amounted to US$7,401,430, US$5,147,364 and US$6,557,208 for the years ended December 31, 2023, 2022 and 2021, respectively.

Operating leases

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liability, current, and operating lease liability, non-current in the Company’s consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. For the initial measurement of the lease liabilities, the Company uses the discount rate as of the commencement date of the lease, incorporating the entire lease term. Operating lease liabilities related to lease payments due within one year and over are classified as current and non-current, respectively, in the consolidated balance sheets. The ROU asset is measured as the amount of the lease liabilities with adjustments, if applicable, for lease prepayments made prior to or at lease commencement, initial direct costs incurred and lease incentives. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. For leases that have lease terms of 12 months or less and do not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements.

Government grants

Government grants represent cash subsidies received from PRC government. Cash subsidies that have no defined rules and regulations to govern the criteria necessary for companies to enjoy the benefits are recognized when received. Such subsidies are generally provided as incentives from the local government to encourage the expansion of local businesses. Total government grants received amounted to US$62,600, US$81,911 and US$434,604 for the years ended December 31, 2023, 2022 and 2021, respectively.

Value-added taxes

Revenue is recognized net of value-added taxes (“VAT”). VAT is based on gross sales price and the VAT rate applicable to the Company is 17% for the period from the beginning of 2018 until the end of April 2018, then changed to 16% from May 2018 to the end of March 2019, and changed to 13% since April 2019. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities. Furthermore, the Company’s subsidiaries in China may be qualified to receive a refund on VAT for the excess input VAT after meeting certain prerequisites specified in relevant regulations prescribed by the State Tax Bureau of the PRC.

For the years ended December 31, 2023, 2022 and 2021, the Company recorded impairment on VAT recoverable of US$16.7 million, US$4.5 million and nil, respectively, included in the cost of revenues on the consolidated statements of operations and comprehensive income (loss). The impairment of VAT recoverable incurred during the years ended December 31, 2023 and 2022 were primarily related to Zhejiang Ebang and Wuhai Ebang, respectively, as the Company determined the VAT could not be recovered. The Company expects to use or receive the remaining VAT recoverable in future operations.

Income taxes

The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provisioned in accordance with the laws of the relevant taxing authorities.

An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax are classified as income tax expenses in the period incurred.

Comprehensive income (loss)

Comprehensive income (loss) consists of two components, net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) refers to revenues, expenses, gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income (loss). Other comprehensive income (loss) consists of a foreign currency translation adjustment resulting from the Company not using the United States dollar as its functional currency.

Earnings (loss) per share

The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income (loss) attributable to Ebang International Holdings Inc., divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per-share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later.

Statutory reserves

Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign-invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign-invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end). If the Company has accumulated loss from prior periods, the Company is able to use the current period net income after tax to offset the accumulated loss.

Concentration of credit risk

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company places the cash and cash equivalents with financial institutions with high credit ratings and quality.

The Company conducts credit evaluations of customers and generally does not require collateral or other security from its customers. The Company establishes an allowance for doubtful accounts primarily based upon various factors surrounding the credit risk of specific customers and general economic conditions. Refer to the current expected credit loss policy.

Recently issued accounting pronouncements

In November 2023, FASB issued Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires that an entity disclose significant segment expenses impacting profit and loss that are regularly provided to the chief operating decision maker. The update is required to be applied retrospectively to prior periods presented, based on the significant segment expense categories identified and disclosed in the period of adoption. The amendments in ASU 2023-07 are required to be adopted for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has adopted ASU 2023-07 on January 1, 2024 and the adoption of the standard did not have a material impact to the overall financial presentation.

In December 2023, the FASB issued Accounting Standards Update No. 2023-08, Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”), which requires entities that hold crypto assets to subsequently measure such assets at fair value with changes recognized in net income each reporting period. The guidance also requires crypto assets measured at fair value to be presented separately from other intangible assets on the balance sheet and changes in the fair value measurement of crypto assets to be presented separately on the income statement from changes in the carrying amounts of other intangible assets. The new standard is effective for the Company beginning December 15, 2024, with early adoption permitted. The Company is currently evaluation the impact of adopting the standard.

In December, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires that entities disclose specific categories in their rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. The new standard is effective for the Company beginning December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting the standard.

Concentration of Risks (Details) - Schedule of Concentration of Credit Risk

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]

Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]

20.00%

Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]

20.00%

Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]

^[1]

11.00%

Accounts receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]

14.00%

^[1]

Revenue [Member] | Customer Concentration Risk [Member] | Customer F [Member]

11.00%

^[1]

Revenue [Member] | Customer Concentration Risk [Member] | Customer G [Member]

^[1]

11.00%

Supplier A [Member] | Supplier [Member] | Supplier Concentration Risk [Member]

^[1]

76.00%

32.00%

Supplier B [Member] | Supplier [Member] | Supplier Concentration Risk [Member]

^[1]

22.00%

Supplier C [Member] | Supplier [Member] | Supplier Concentration Risk [Member]

^[1]

13.00%

Supplier D [Member] | Supplier [Member] | Supplier Concentration Risk [Member]

21.00%

11.00%

^[1]

Related party transactions

15.00%

^[1]

[1]	Less than 10%

Related Party Transactions

12 Months Ended

Dec. 31, 2023

Note 18 – Related party transactions

a)	Related parties

Name of related parties		Relationship with the Company
Dong Hu		Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the Company
Hong Kong Dewang Limited		Wholly owned by Zhengqian Jiang, father-in-law of Dong Hu
Zhejiang Wansi Computer Manufacturing Company Limited		68% owned by Aiqun Jiang, spouse of Dong Hu
Hangzhou Yibang Zhiyang Technology Co., Ltd.		Controlled by Dong Hu
Top Max Limited		Controlled by Dong Hu
Shubo Qian		Brother-in-law of Dong Hu
Jun Hu		Sister of Dong Hu
Hangzhou Yiquansheng Communication Technology Co., Ltd.		Controlled by Dong Hu

Operating leases with related parties

The Company leases office space from Zhejiang Wansi Computer Manufacturing Company Limited under non-cancellable operating lease agreements with lease terms ranging from one to seven years. Lease expense from this related party for the years ended December 31, 2023, 2022 and 2021 amounted to US$28,924, US$44,230 and US$31,647, respectively. The balance of operating lease right-of-use assets and lease liabilities, including the current and non-current portion, associated with this related party, was US$31,197 and US$31,197 as of December 31, 2023, and US$17,533 and US$17,533 as of December 31, 2022, respectively.

The Company leases office space from Hangzhou Yiquansheng Communication Technology Co., Ltd. under non-cancellable operating lease agreements with lease terms of 31 months. Lease expense from this related party for the years ended December 31, 2023, 2022 and 2021 amounted to US$495,133, US$557,968, and US$378,652, respectively. The balance of operating lease right-of-use assets and lease liabilities, including the current and non-current portion, associated with this related party, was nil and nil as of December 31, 2023, and US$501,607 and US$266,034 as of December 31, 2022, respectively.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
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-Paragraph 2
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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
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-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Statutory Reserves and Restricted Net Assets [Abstract]

Statutory Reserves and Restricted Net Assets

12 Months Ended

Dec. 31, 2023

Statutory reserves and restricted net assets

Note 15 – Statutory reserves and restricted net assets

As a result of the PRC laws and regulations and the requirement that distributions by PRC entities can only be paid out of distributable profits computed in accordance with PRC GAAP, the PRC entities are restricted from transferring a portion of their net assets to the Company. Amounts restricted include paid-in capital, additional paid-in capital, and the statutory reserves of the Company’s PRC subsidiaries.

	As of December 31		As of December 31,
	2023		2022
PRC entities
Paid-in capital	$	86,131,578	$	83,872,972
Additional paid-in capital		144,532,239		93,759,405
Statutory reserves		10,848,816		10,848,816
Total restricted net assets	$	241,512,633	$	188,481,193

As of December 31, 2023 and 2022, total restricted net assets were US$241,512,633 and US$188,481,193, respectively.

Inventories, Net (Details) - Schedule of Inventories - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Inventories [Abstract]
Finished goods	$ 10,064,160	$ 10,627,535
Work in process	938,289	953,088
Raw materials	19,632,702	20,125,467
Inventories, gross	30,635,151	31,706,090
Less: inventory write-down	(30,436,305)	(31,266,026)
Inventories, net	$ 198,846	$ 440,064

Inventories, Net

12 Months Ended

Dec. 31, 2023

Inventories, net [Abstract]

Inventories, net

Note 7 – Inventories, net

	As of December 31,			As of December 31,
	2023			2022
Finished goods	$	10,064,160		$	10,627,535
Work in process		938,289			953,088
Raw materials		19,632,702			20,125,467
		30,635,151			31,706,090
Less: inventory write-down		(30,436,305	)		(31,266,026	)
Inventories, net	$	198,846		$	440,064

During the years ended December 31, 2023, 2022 and 2021, the Company recorded write-down for the potentially obsolete, slow-moving inventories and lower of cost or market adjustment of US$340,186, US$6,482,019 and US$2,233,452 in cost of revenues, respectively.

Income Taxes (Details) - Schedule of Cumulative Net Operating Loss of Major Tax Juridistions and the Year of Expiration $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
PRC [Member]
Operating Loss Carryforwards [Line Items]
Tax Juridiction, Amount	$ 127,740
Tax Juridiction, Earliest year of expiration if not utilized	2025
Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Tax Juridiction, Amount	$ 19,087
Tax Juridiction, Earliest year of expiration if not utilized	No expiration
Australia [Member]
Operating Loss Carryforwards [Line Items]
Tax Juridiction, Amount	$ 10,279
Tax Juridiction, Earliest year of expiration if not utilized	No expiration
Singapore [Member]
Operating Loss Carryforwards [Line Items]
Tax Juridiction, Amount	$ 2,452
Tax Juridiction, Earliest year of expiration if not utilized	No expiration
United States [Member]
Operating Loss Carryforwards [Line Items]
Tax Juridiction, Amount	$ 3,776
Tax Juridiction, Earliest year of expiration if not utilized	No expiration

Intangible Assets, Net (Details) - Schedule of Estimated Future Amortization Expense Related to Intangible Assets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Intangible Assets, Net (Details) - Schedule of Estimated Future Amortization Expense Related to Intangible Assets [Line Items]
2024	$ 134,407
2025	51,254
2026	51,254
2027	51,254
2028	51,254
Thereafter	1,990,354
Intangible assets, net	$ 2,329,777	$ 6,890,738

Income Taxes (Details) - Schedule of Effective Income Tax Rate and PRC Statutory Income Tax	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Effective Income Tax Rate and PRC Statutory Income Tax [Abstract]
Statutory income tax rate	25.00%	25.00%	25.00%
Effect of expenses not deductible for tax purposes	(0.20%)	0.00%	0.40%
Effect of additional deduction of research and development expense	4.80%	0.70%	(35.10%)
Effect of income tax exemptions and reliefs	(8.00%)	2.90%	60.90%
Recovery from deferred income tax assets	5.20%	5.50%
Effect of valuation allowance on deferred income tax assets	(27.10%)	(28.00%)	2.20%
Income tax difference under different tax jurisdictions	4.30%	(6.10%)	(45.70%)
Prior year true-ups			(23.60%)
Others	(1.40%)
Total	2.60%	0.00%	(15.90%)

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Compensation [Abstract]

Schedule of RSAs Activity Under the 2020 Plan

The following table summarized the Company’s RSAs activity under the 2020 Plan:

				Weighted average
	Number of RSAs*			grant date fair value*
Unvested, January 1, 2021		-			-
Granted		61,200			75.60
Vested		-			-
Forfeited		(7,333	)		75.60
Unvested, December 31, 2021		53,867			75.60
Granted		172,333			31.06
Vested		(60,534	)		37.67
Forfeited		(32,600	)		54.55
Unvested, December 31, 2022		133,066			40.34
Granted		-			-
Vested		(25,572	)		31.31
Forfeited		(16,075	)		65.00
Unvested, December 31, 2023		91,419			38.52

*	Retrospectively adjusted for the effect of the Reverse Stock Split on November 20, 2022. See Note 12.

Short-Term Investments (Tables)

12 Months Ended

Dec. 31, 2023

Short-Term Investments [Abstract]

Schedule of Short-Term Investments

Short-term investments consist of the following:

	As of December 31,		As of December 31,
	2023		2022

Marketable securities	$	496,122	$	5,611,815
Time deposits		-		172,402
Wealth management products		-		51,160
Total	$	496,122	$	5,835,377

Share-Based Compensation (Details) - USD ($)		1 Months Ended		12 Months Ended
Share-Based Compensation (Details) - USD ($)	Mar. 31, 2021	Feb. 28, 2021	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation (Details) [Line Items]
Unvested compensation expense (in Dollars)				$ 153,034
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount (in Dollars)				$ 1,064,986	$ 3,036,689
ESOP shares issued before the Reverse Stock Split	7,000,000	9,600,000	3,400,000	263,322	24,167		4,600,000
2020 Plan [Member]
Share-Based Compensation (Details) [Line Items]
Aggregate share plan				349,427
2020 Share Incentive Plan [Member]
Share-Based Compensation (Details) [Line Items]
Aggregate share plan				333,333
Before Reverse Split [Member]
Share-Based Compensation (Details) [Line Items]
ESOP shares issued before the Reverse Stock Split		19,200,000
Class A Ordinary Shares [Member]
Share-Based Compensation (Details) [Line Items]
ESOP shares issued				264,727	41,367
ESOP shares issued before the Reverse Stock Split				1,241,000			19,264,337
Class A Ordinary Shares [Member] \| 2020 Plan [Member]
Share-Based Compensation (Details) [Line Items]
Aggregate share plan				10,482,827
Class A Ordinary Shares [Member] \| 2020 Share Incentive Plan [Member]
Share-Based Compensation (Details) [Line Items]
Aggregate share plan				10,000,000
Restricted Stock [Member]
Share-Based Compensation (Details) [Line Items]
Granted restricted share awards						61,200
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period				4 years
Unvested compensation expense (in Dollars)					$ 3,903,970	$ 707,000
Restricted Stock [Member] \| 2020 Plan [Member]
Share-Based Compensation (Details) [Line Items]
Granted restricted share awards					172,333
Restricted Stock [Member] \| Before Reverse Split [Member]
Share-Based Compensation (Details) [Line Items]
Granted restricted share awards					5,170,000	1,836,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				100.00%
Restricted Stock [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				25.00%
Restricted Stock [Member] \| Share-Based Payment Arrangement, Tranche Two [Member] \| Minimum [Member]
Share-Based Compensation (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				50.00%
Restricted Stock [Member] \| Share-Based Payment Arrangement, Tranche Two [Member] \| Maximum [Member]
Share-Based Compensation (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage				100.00%

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

Summary of significant accounting policies

Note 2 – Summary of significant accounting policies

Basis of presentation

Principles of consolidation

Reclassification

Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no impact on net earnings and financial position.

Non-controlling Interest

Use of estimates and assumptions

Foreign currency translation and transaction

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, demand deposits and time deposits placed with banks or other financial institutions and have original maturities of less than three months.

Restricted cash

Short-term investments

In addition, short-term investments are also comprised of time deposits placed with banks with original maturities of greater than three months but less than twelve months.

Current expected credit losses

Inventories, net

Business combination

Goodwill

Property, plant and equipment, net

Buildings		20 years
Computer software		10 years
Leasehold improvements		Over the shorter of the lease term or expected useful lives
Office equipment		3-5 years
Motor vehicles		5 years
Mechanical equipment		3-10 years

Cryptocurrencies

Intangible assets, net

The intangible asset acquired in connection with the business combination is recognized and measured at fair value at the time of acquisition. See Note 3.

The estimated useful lives are as follows:

Land use right		50 years
Software		18 - 65 months
Non-patent technology		1 - 3 years
Patents		2 - 10 years
License		20 years

Impairment of long-lived assets other than goodwill

Fair value measurement

●

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

ASC 820 describes three main approaches to measuring the fair value of assets and liabilities:

The financial asset carried at fair value on a recurring basis as of December 31, 2023 and 2022 is as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance

Short-term investments
As of December 31, 2023	$	496,122	$	-	$	-	$	496,122
As of December 31, 2022	$	5,611,815	$	223,562	$	-	$	5,835,377

Related party transactions

Revenue recognition

Products revenue

Service revenue - Management and maintenance services

Service revenue - Cross-border payment and foreign exchange services

The Company generates revenue from cross-border payment and foreign exchange services started from March 2022 in connection with the acquisition of Compass Global Holdings Pty Ltd. See Note 3.

Service revenue - Cryptocurrency exchange services

Revenue disaggregation

Contract liabilities

Segment reporting

Selling and handling expenses

General and administrative expenses

Operating leases

Government grants

Value-added taxes

Income taxes

Comprehensive income (loss)

Earnings (loss) per share

Statutory reserves

Concentration of credit risk

Recently issued accounting pronouncements

Earnings (loss) per share

12 Months Ended

Dec. 31, 2023

Earnings (Loss) Per Share [Abstract]

Earnings (loss) per share

Note 5 – Earnings (loss) per share

The calculation of basic earnings (loss) per share is based on the income attributable to ordinary shareholders of the Company and the weighted average number of ordinary shares in issue for the years ended December 31, 2023, 2022 and 2021.

The earnings (loss) calculation for the years ended December 31, 2023, 2022 and 2021 excludes the following potentially dilutive ordinary shares:

	Years ended December 31,
	2023		2022		2021
Class A ordinary shares exercisable from warrants issued pursuant to the Warrant Inducement Offering (as defined below in Note 12)⁽¹⁾		453,333		453,333		453,333
Class A ordinary shares exercisable from warrants issued pursuant to the March 2021 Offering (as defined below in Note 12)⁽¹⁾		233,333		233,333		233,333
Class A ordinary shares issuable from the outstanding restricted share awards⁽¹⁾		91,419		133,067		53,000
Total		778,085		819,733		739,666

⁽¹⁾	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

The following reflects the income/(loss) and share data used in the basic and diluted earnings (loss) per ordinary share computations:

	Years ended December 31,
	2023			2022			2021
Earnings (loss) attributable to ordinary shareholders of the Company for basic earnings (loss) per share calculation	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941
Weighted average number of ordinary shares outstanding for basic earnings (loss) per share calculation⁽¹⁾		6,275,118			6,247,333			5,923,845
Basic earnings (loss) per share⁽¹⁾	$	(5.86	)	$	(7.03	)	$	0.75

Earnings (loss) attributable to ordinary shareholders of the Company for diluted earnings (loss) per share calculation	$	(36,772,143	)	$	(43,888,242	)	$	4,430,941

Weighted average number of ordinary shares outstanding basic earnings (loss) per share calculation⁽¹⁾		6,275,118			6,247,333			5,923,845
Adjusted for:
- incremental shares issuable related to warrants issued⁽¹⁾		-			-			5,013
Weighted average number of shares outstanding for diluted earnings (loss) per share calculation⁽¹⁾		6,275,118			6,247,333			5,928,858

Diluted earnings (loss) per share⁽¹⁾	$	(5.86	)	$	(7.03	)	$	0.75

⁽¹⁾	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (38,033,588)	$ (45,757,237)	$ 2,767,821
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expenses	3,519,859	10,711,543	6,258,055
Provision for (reversal of) credit losses	975,114	3,803,437	(310,012)
Share-based compensation	(153,034)	3,903,970	707,000
Loss on disposal of property, plant and equipment	478,849	547,338	9,243
Loss on disposal of intangible assets	200,000
Inventory write-down	340,186	6,482,019	2,233,452
(Gain) Loss on short-term investment	(356,996)	509,496	3,656,520
Impairment of goodwill	2,299,628
Deferred income taxes	(1,031,461)	(80,599)	(2,845,588)
Impairment of property, plant and equipment	57,117		3,109,922
Impairment of intangible assets	3,708,247	20,738,130
Impairment of VAT recoverable	16,688,647	4,474,784
Loss from cybersecurity event	2,251,551
Noncash lease expenses	1,835,542	1,711,943	1,066,838
(Gain) Loss on foreign currency transactions	(456,647)	2,161,264	(1,780,087)
Gain on disposal of cryptocurrencies	(744,803)
Gain on disposal of subsidiaries	(7,524)	(5,941)
Changes in assets and liabilities:
Accounts receivable, net	2,612,509	2,882,106	333,888
Notes receivable			775,206
Inventories, net	(122,326)	(185,504)	(5,392,810)
Advances to suppliers	106,246	(178,639)	(818,666)
VAT recoverable	(133,790)	(1,247,508)	(3,799,426)
Prepayments and other current assets, net	956,970	10,410,167	(2,951,664)
Other assets	(323,279)	(850,791)	(51,928)
Accounts payable	(1,130,842)	(1,787,125)	559,817
Notes payable			(1,100,792)
Income taxes payable			705
Advances from customers	(916,451)	163,883	51,792
Accrued liabilities and other payables	(4,272,841)	(14,109,951)	(18,329,126)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(11,653,117)	4,296,785	(15,849,840)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(985,794)	(3,803,943)	(6,153,759)
Purchases of intangible assets		(10,260,785)	(2,365,495)
Cash paid for short-term investments		(28,552,566)	(472,357,646)
Collections from short-term investments	5,694,982	55,101,678	474,365,880
Purchase of cryptocurrencies	(9,162,886)
Proceeds from disposal of cryptocurrencies	7,199,398
Payments for business combination, net of cash acquired		(5,863,499)
Cash from disposal of subsidiaries, net of cash disposed of	7,524	(11,492)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	2,753,224	6,609,393	(6,511,020)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of short-term loans			(771,629)
Repayment to related parties			(5,671,902)
Proceeds from issuance of ordinary shares			254,727,705
NET CASH PROVIDED BY FINANCING ACTIVITIES			248,284,174
EFFECT OF FOREIGN EXCHANGE ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(407,061)	394,336	879,537
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(9,306,954)	11,300,514	226,802,851
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	252,227,116	240,926,602	14,123,751
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	242,920,162	252,227,116	240,926,602
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest			4,382
Income taxes		7,666	928
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Liabilities assumed in connection with purchase of property, plant and equipment	34,596	4,616,480	3,318,477
Liabilities assumed in connection with purchase of intangible assets		5,440	366,407
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	1,801,664	5,394,251	3,387,501
Remeasurement of the lease liabilities and right-of-use assets due to lease modification	320,911	1,485,436
Issuance of vested restricted share awards	98	232
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
Cash and cash equivalents	241,634,262	251,294,952	239,872,316
Restricted cash, current	88,614	29,039	171,156
Restricted cash, non-current	1,197,286	903,125	883,130
Total cash, cash equivalents and restricted cash	$ 242,920,162	$ 252,227,116	$ 240,926,602

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Balance Sheets (Parentheticals) - Parent Company [Member] - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Class A Ordinary Shares
Condensed Balance Sheet Statements, Captions [Line Items]
Ordinary share, par value (in Dollars per share)	$ 0.03	$ 0.03
Ordinary share, shares authorized	11,112,474	11,112,474
Ordinary share, shares issued	4,989,746	4,725,019
Ordinary share, shares outstanding	4,726,424	4,700,852
Class B Ordinary Shares
Condensed Balance Sheet Statements, Captions [Line Items]
Ordinary share, par value (in Dollars per share)	$ 0.03	$ 0.03
Ordinary share, shares authorized	1,554,192	1,554,192
Ordinary share, shares issued	1,554,192	1,554,192
Ordinary share, shares outstanding	1,554,192	1,554,192

Related Party Transactions (Details) - Schedule of Related Parties	12 Months Ended
	Dec. 31, 2023
Dong Hu [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Dong Hu
Relationship with the Company	Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of the Company
Hong Kong Dewang Limited [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Hong Kong Dewang Limited
Relationship with the Company	Wholly owned by Zhengqian Jiang, father-in-law of Dong Hu
Zhejiang Wansi Computer Manufacturing Company Limited [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Zhejiang Wansi Computer Manufacturing Company Limited
Relationship with the Company	68% owned by Aiqun Jiang, spouse of Dong Hu
Hangzhou Yibang Zhiyang Technology Co., Ltd. [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Hangzhou Yibang Zhiyang Technology Co., Ltd.
Relationship with the Company	Controlled by Dong Hu
Top Max Limited [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Top Max Limited
Relationship with the Company	Controlled by Dong Hu
Shubo Qian [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Shubo Qian
Relationship with the Company	Brother-in-law of Dong Hu
Jun Hu [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Jun Hu
Relationship with the Company	Sister of Dong Hu
Hangzhou Yiquansheng Communication Technology Co., Ltd. [Member]
Schedule of Related Parties [Line Items]
Name of related parties	Hangzhou Yiquansheng Communication Technology Co., Ltd.
Relationship with the Company	Controlled by Dong Hu

Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies [Abstract]

Commitments and contingencies

Note 20 – Commitments and contingencies

Operating lease commitments

The information of lease commitments is provided in Note 14.

Litigation settlement

On January 29, 2019, the Company filed a civil action in the Hangzhou Intermediate People’s Court against one of its customers. The defendant had purchased from the Company, and the Company had delivered 90,000 units of mining machines for a total amount of RMB453.6 million (approximately US$65.1 million) pursuant to an executed sales contract. The defendant has paid RMB380 million (approximately US$54.5 million), and the Company is seeking payment of the remaining balance of RMB73.6 million (approximately US$10.6 million) plus interest and legal expenses. On December 30, 2021, Hangzhou Intermediate People’s Court made the judgement and supported the request of RMB73.6 million goods payment from the Company. On January 24, 2022, the defendant appealed to Zhejiang Provisional Superior People’s Court and the appeal was automatically withdrawn according to the ruling made by Zhejiang Provisional Superior People’s Court on March 22, 2022. The court has made enforcement action regarding the payment by the defendant. During the year ended December 31, 2022, the Company has collected RMB7.4 million (approximately US$1.1 million). When the sales contract was entered into in 2018, no associated revenue was recognized as the Company concluded the collection of the consideration was not probable. The RMB7.4 million received from the settlement during the year ended December 31, 2022 was recorded as revenue in the consolidated statements of operations and comprehensive income (loss) because the contract has been terminated which leaves the Company no remaining obligations to transfer products and the receipt of consideration is nonrefundable. The Company has applied to the Hangzhou Intermediate People's Court for compulsory enforcement for the remaining balance. In October 2023, the Company applied to the Hangzhou Intermediate People's Court to add the controlling shareholder of the plaintiff as a party subject to enforcement, as a result of the inability of the defendent to pay under a compulsory enforcement for the remaining balance executed by the Hangzhou Intermediate People's Court. The application is under review by the Hangzhou Intermediate People's Court.

In April 2021, Chongqing Duomeiduo Culture Media Co., Ltd. (“DMD”) filed a civil action in the Beijing Chaoyang District People’ Court against the Company for sales contract disputes, claiming the Company and Borui Shikong Culture Communication Co., Ltd. (“Borui”) to return the payment made for the contract in dispute, totaling RMB2 million and 30 bitcoins. On December 16, 2021, the case was transferred to Beijing Dongcheng District People’s Court for trial. On March 9, 2023, the court announced the verdict that the sales contract between Borui and DMD is voided and requested Borui to return DMD goods payment of RMB2 million and 30 bitcoins. On March 20, 2023, Borui has filed an appeal against DMD to revoke the verdict. Neither the Company nor DMD has filed an appeal against the appeal filed by Borui on March 20, 2023. The appeal filed by Borui is currently under review.

From time to time, the Company is subject to legal proceedings and claims in the ordinary course of business. The Company records a liability when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. The Company reviews the need for any such liability on a regular basis. For the years ended December 31, 2023, 2022 and 2021, the Company accrued nil, nil and RMB0.5 million related to its legal contingencies, respectively.

Condensed Financial Information of the Parent Company (Details) - shares		1 Months Ended		12 Months Ended
	Mar. 31, 2021	Feb. 28, 2021	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2020
Condensed Financial Information of the Parent Company [Abstract]
Shares of reverse stock splits	7,000,000	9,600,000	3,400,000	263,322	24,167	4,600,000
StockIssuedDuringPeriodSharesReverseStockSplit				725,000

Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Subsequent events

Note 21 – Subsequent events

The Company has assessed all events from December 31, 2023 up through April 26, 2024, which is the date that these financial statements are available to be issued, unless as disclosed above, there are not any material subsequent events that require disclosure in these financial statements.

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Zhejiang Wansi Computer Manufacturing Company Limited [Member]
Related Party Transactions [Line Items]
Lease expense	$ 28,924	$ 44,230	$ 31,647
Operating lease right-of-use assets	31,197	17,533
Lease liabilities,	$ 31,197	17,533
Zhejiang Wansi Computer Manufacturing Company Limited [Member] \| Minimum [Member]
Related Party Transactions [Line Items]
Lease terms ranging	1 year
Zhejiang Wansi Computer Manufacturing Company Limited [Member] \| Maximum [Member]
Related Party Transactions [Line Items]
Lease terms ranging	7 years
Hangzhou Yiquansheng Communication Technology Co., Ltd. [Member]
Related Party Transactions [Line Items]
Lease terms ranging	31 months
Operating lease right-of-use assets		501,607
Lease liabilities,		266,034
Hong Kong Dewang Limited [Member]
Related Party Transactions [Line Items]
Lease expense from related party	$ 495,133	$ 557,968	$ 378,652

Statutory Reserves and Restricted Net Assets (Details) - Schedule of PRC Subsidiaries - USD ($)	Dec. 31, 2023	Dec. 31, 2022
PRC entities
Total restricted net assets	$ 241,512,633	$ 188,481,193
Paid-in capital [Member]
PRC entities
Total restricted net assets	86,131,578	83,872,972
Additional Paid-in Capital [Member]
PRC entities
Total restricted net assets	144,532,239	93,759,405
Statutory Reserves [Member]
PRC entities
Total restricted net assets	$ 10,848,816	$ 10,848,816

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2023

Inventories, net [Abstract]

Schedule of Inventories

	As of December 31,			As of December 31,
	2023			2022
Finished goods	$	10,064,160		$	10,627,535
Work in process		938,289			953,088
Raw materials		19,632,702			20,125,467
		30,635,151			31,706,090
Less: inventory write-down		(30,436,305	)		(31,266,026	)
Inventories, net	$	198,846		$	440,064

Accrued Liabilities and Other Payables (Tables)

12 Months Ended

Dec. 31, 2023

Accrued Liabilities and Other Payables [Abstract]

Schedule of Components of Accrued Liabilities and Other Payables

The components of accrued liabilities and other payables are as follows:

	As of December 31,		As of December 31,
	2023		2022
Salary payable	$	2,239,227	$	1,928,684
Payable to consultants		82,265		49,047
Refundable deposit to customers		53,162		86,991
Payable to property, plant and equipment suppliers		4,110,691		4,565,086
Customer custodial cash liabilities		1,612,075		3,919,793
Other accrued liabilities		1,707,428		969,490
Total accrued liabilities and other payables	$	9,804,848	$	11,519,091

Consolidated Statements of Changes in Equity - USD ($)

Class A

Ordinary Shares

^[1]

Class A

^[3],[4]

Class B

Ordinary Shares

Class B

^[3]

Additional Paid-in Capital

Statutory Reserves

Accumulated Deficit

Accumulated Other Comprehensive Loss

Non- controlling Interest

Total

Balance at Dec. 31, 2020

$ 11,411

^[2]

$ 5,978

^[2]

$ 138,288,921

$ 11,049,847

$ (38,581,419)

$ (7,648,332)

$ 6,697,360

$ 109,823,766

Balance (in Shares) at Dec. 31, 2020

^[2]

2,966,985

1,554,192

Share issuance following initial public offering, net of issuance cost

$ 4,693

^[2]

186,772,032

186,776,725

Share issuance following initial public offering, net of issuance cost (in Shares)

^[2]

1,220,000

Share issuance from exercise of warrants, net of issuance cost

$ 1,744

^[2]

67,949,236

67,950,980

Share issuance from exercise of warrants, net of issuance cost (in Shares)

^[2]

453,333

^[2]

707,000

^[2]

4,430,941

(1,663,120)

2,767,821

Transfer to reserve

^[2]

29,802

(29,802)

Balance (in Shares) at Dec. 31, 2021

^[2]

751,327

201,746

953,073

Balance at Dec. 31, 2021

$ 17,848

^[2]

$ 5,978

^[2]

393,717,189

11,079,649

(34,180,280)

(6,897,005)

5,235,986

368,979,365

^[2]

4,640,318

1,554,192

Issuance of vested restricted share awards

$ 232

^[2]

(232)

Issuance of vested restricted share awards (in Shares)

^[2]

60,534

^[2]

3,903,970

^[2]

(43,888,242)

(1,868,995)

(45,757,237)

Balance (in Shares) at Dec. 31, 2022

^[2]

(4,827,526)

(510,691)

(5,338,217)

Balance at Dec. 31, 2022

$ 18,080

^[2]

$ 5,978

^[2]

397,620,927

11,079,649

(78,068,522)

(11,724,531)

2,856,300

321,787,881

4,700,852

^[2]

4,700,852

1,554,192

^[2]

1,554,192

Issuance of vested restricted share awards

$ 98

^[2]

(98)

Issuance of vested restricted share awards (in Shares)

^[2]

25,572

^[2]

(153,034)

^[2]

(36,772,143)

(1,261,445)

(38,033,588)

Balance (in Shares) at Dec. 31, 2023

^[2]

(2,162,557)

(116,358)

(2,278,915)

Balance at Dec. 31, 2023

$ 18,178

^[2]

$ 5,978

^[2]

$ 397,467,795

$ 11,079,649

$ (114,840,665)

$ (13,887,088)

$ 1,478,497

$ 281,322,344

4,726,424

^[2]

4,726,424

1,554,192

^[2]

1,554,192

[1]	As of December 31, 2023 and 2022, 263,322 and 24,167 (725,000 before the Reverse Stock Split) shares reserved for future issuance upon the vesting of RSAs granted under the 2020 Plan were considered issued but not outstanding, respectively. See Note 12.
[2]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.
[3]	Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.
[4]	As of December 31, 2023 and 2022, 263,322 and 24,167 (725,000 before the Reverse Stock Split) shares reserved for future issuance upon the vesting of RSAs granted under the 2020 Plan were considered issued but not outstanding, respectively. See Note 12.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

Schedule of Expected Useful Lives of Property Plant and Equipment

Buildings		20 years
Computer software		10 years
Leasehold improvements		Over the shorter of the lease term or expected useful lives
Office equipment		3-5 years
Motor vehicles		5 years
Mechanical equipment		3-10 years

Schedule of Estimated Useful Lives of Intangible Assets

The estimated useful lives are as follows:

Land use right		50 years
Software		18 - 65 months
Non-patent technology		1 - 3 years
Patents		2 - 10 years
License		20 years

Schedule of Financial Asset Carried at Fair Value on a Recurring Basis

The financial asset carried at fair value on a recurring basis as of December 31, 2023 and 2022 is as follows:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Balance

Short-term investments
As of December 31, 2023	$	496,122	$	-	$	-	$	496,122
As of December 31, 2022	$	5,611,815	$	223,562	$	-	$	5,835,377

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Income taxes

Note 11 – Income taxes

Cayman Islands

Under the current laws of the Cayman Islands, Ebang International is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands (“BVI”)

The Company’s subsidiaries incorporated in the BVI are not subject to tax on income or capital gain, In addition, payments of dividend by these subsidiaries to their shareholders are not subject to withholding tax in the BVI.

Australia

The Company’ subsidiaries incorporated in Australia are subject to Australian Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Australia tax laws. The Australian Income Tax had significant changes progressively since June 30, 2017. From July 1, 2022, companies that are base rate entities must apply the 25% company tax rate. A company is a base rate entity for an income year if 1) the company’s aggregated turnover for that income year is less than AUD50,000,000 of that income year, and 2) it has 80% or less of their assessable income in that income year that is base rate entity passive income. Thus the applicable tax rate is 25% for the Company on assessable profits arising in or derived from Australia.

Hong Kong

The Company’ subsidiaries incorporated in Hong Kong are subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate is 8.25% on assessable profits arising in or derived from Hong Kong up to HKD2,000,000 and 16.5% on any part of assessable profits over HKD2,000,000.

PRC

The Company’s subsidiaries incorporated in the PRC are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Enterprise Income Tax Laws of the PRC (the “EIT Laws”), domestic enterprises and Foreign Investment Enterprises (the “FIE”) are usually subject to a unified 25% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis. EIT grants preferential tax treatment to certain High and New Technology Enterprises (“HNTEs”). Under this preferential tax treatment, HNTEs are entitled to an income tax rate of 15%, subject to a requirement that they re-apply for HNTE status every three years. For the years ended December 31, 2023, 2022 and 2021, Zhejiang Ebang, Hangzhou Dewang, and Ebang IT were qualified as HNTE and entitled to a preferential income tax rate of 15%.

According to the relevant laws and regulations in the PRC, enterprises engaging in research and development activities are entitled to claim 150% of their research and development expenses so incurred as tax deductible expenses when determining their assessable profits for that year (“Super Deduction”). The State Taxation Administration of the PRC announced in September 2018 that enterprises engaging in research and development activities would be entitled to claim 175% of their research and development expenses as Super Deduction from January 1, 2018 to December 31, 2020, which was subsequently announced in March 2021 to be further extended to December 31, 2023. In September 2022, the State Taxation Administration of the PRC further announced that for the enterprises entitled to the current pre-tax deduction ratio of 175% for research and development expenses, such ratio is raised to 200% during the period from October 1, 2022 to December 31, 2022.

The subsidiaries of the Company incorporated in other countries are subject to income tax pursuant to the rules and regulations of their respective countries of incorporation.

Reconciliation of the differences between statutory income tax rate and the effective tax rate

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Statutory income tax rate		25.00	%		25.00	%		25.00	%
Effect of expenses not deductible for tax purposes		(0.20	)%		0.00	%		0.40	%
Effect of additional deduction of research and development expense		4.80	%		0.70	%		(35.10	)%
Effect of income tax exemptions and reliefs		(8.00	)%		2.90	%		60.90	%
Recovery from deferred income tax assets		5.20	%		5.50	%		-
Effect of valuation allowance on deferred income tax assets		(27.10	)%		(28.00	)%		2.20	%
Income tax difference under different tax jurisdictions		4.30	%		(6.10	)%		(45.70	)%
Prior year true-ups		-			-			(23.60	)%
Others		(1.40	)%		-			-
Total		2.60	%		(0.00	)%		(15.90	)%

Significant components of the provision for income taxes are as follows:

	For the year ended December 31,			For the year ended December 31,			For the year ended December 31,
	2023			2022			2021
Current income tax expense	$	-		$	7,666		$	2,466,745
Deferred tax benefit		(1,031,461	)		(80,599	)		(2,845,588	)
Income taxes benefit	$	(1,031,461	)	$	(72,933	)	$	(378,843	)

	As of December 31,			As of December 31,
	2023			2022
Provision for doubtful accounts	$	2,007,749		$	1,986,464
Net operating loss carryforward		30,276,268			23,052,402
Impairment of VAT recoverable, inventory write-down and others		5,835,385			3,672,475
		38,119,402			28,711,341
Less: valuation allowance		(38,119,402	)		(28,711,341	)

Deferred tax assets	$	-		$	-

Intangible assets	$	-		$	1,004,365
Property, plant and equipment		74,225			129,174
Deferred tax liabilities	$	74,225		$	1,133,539

Total deferred tax liabilities	$	74,225		$	1,133,539

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the cumulative earnings and projected future taxable income in making this assessment. Recovery of substantially all of the Company’s deferred tax assets is dependent upon the generation of future income, exclusive of reversing taxable temporary differences.

The amounts of cumulative net operating loss in 2023 of major tax jurisdictions and the year of expiration are as follows:

Tax Jurisdiction	Amount in USD (in thousands)		Earliest year of expiration if not utilized
PRC		127,740	2025
Hong Kong		19,087	No expiration
Australia		10,279	No expiration
Singapore		2,452	No expiration
United States		3,776	No expiration

Uncertain tax positions

The PRC tax authorities conduct periodic and ad hoc tax filing reviews on business enterprises operating in the PRC after those enterprises complete their relevant tax filings. In general, the PRC tax authorities have up to five years to conduct examinations of the tax filings of the Company’s PRC entities. Accordingly, the PRC subsidiaries’ tax years of 2019 through 2023 remain open to examination by the respective tax authorities. It is therefore uncertain as to whether the PRC tax authorities may take different views about the Company’s PRC entities’ tax filings, which may lead to additional tax liabilities.

The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31, 2023 and 2022, the Company did not have any significant unrecognized uncertain tax positions.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Schedule of Component of Lease Cost

Accounts Receivable, Net (Details) - Schedule of Allowance for Doubtful Accounts - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Allowance for Doubtful Accounts [Abstract]
Allowance for doubtful accounts, beginning balance	$ 3,523,458	$ 4,601,637	$ 4,788,855
Provision for (reversal of) doubtful accounts	(304,112)	1,968,316	(310,012)
Uncollectible accounts receivable written-off	(981,152)	(2,705,446)
Effects of foreign exchange rate	(162,914)	(341,049)	122,794
Allowance for doubtful accounts, ending balance	$ 2,075,280	$ 3,523,458	$ 4,601,637

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable, Net - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Accounts Receivable, Net [Abstract]
Accounts receivable	$ 3,021,794	$ 6,858,185
Less: Allowance for doubtful accounts	(2,075,280)	(3,523,458)
Accounts receivable, net	$ 946,514	$ 3,334,727

Equity (Details) $ / shares in Units, $ in Millions		1 Months Ended					12 Months Ended
Equity (Details) $ / shares in Units, $ in Millions	Mar. 31, 2021 USD ($) $ / shares shares	Nov. 20, 2022 $ / shares shares	Mar. 31, 2021 $ / shares shares	Feb. 28, 2021 USD ($) $ / shares shares	Jan. 31, 2021 USD ($) shares	Nov. 30, 2020 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2020 USD ($) $ / shares shares
Equity [Line Items]
Issuance of shares	7,000,000			9,600,000	3,400,000		263,322	24,167	4,600,000
Aggregate shares issued									153,333
Aggregate ordinary shares issued					113,333
Exercised shares issued	233,333			320,000	56,667
Offering sale of units				640,000
Existing shares price per share (in Dollars per share) \| $ / shares		$ 0.001
Consolidated shares		1
Consolidated shares price per share (in Dollars per share) \| $ / shares		$ 0.03
Before Reverse Split [Member]
Equity [Line Items]
Issuance of shares				19,200,000
Exercised shares issued					1,700,000
IPO [Member]
Equity [Line Items]
Underwriting discounts and commissions (in Dollars) \| $									$ 92
Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of shares				19,200,000	3,400,000				4,600,000
Aggregate shares issued					113,333
Aggregate ordinary shares issued									153,333
Exercised shares issued									76,667
Aggregate shares				640,000
Class A Ordinary Shares [Member] \| Before Reverse Split [Member]
Equity [Line Items]
Exercised shares issued									2,300,000
Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of totaling									642,145
Issuance of shares							1,241,000		19,264,337
Per share price (in Dollars per share) \| $ / shares									$ 156.9
Issued and unissued		30
Shares issued							263,322	24,167
Reverse stock split							725,000
Class A Ordinary Shares [Member] \| Before Reverse Split [Member]
Equity [Line Items]
Per share price (in Dollars per share) \| $ / shares									$ 5.23
Class B Ordinary Shares [Member]
Equity [Line Items]
Issued and unissued		30
Tiger Brokers (Singapore) Ptd. Ltd. [Member]
Equity [Line Items]
Shares issued							264,727	41,367
Reverse stock split							1,241,000
November 2020 Offering [Member]
Equity [Line Items]
Issuance of totaling						266,666			153,333
Issuance of shares					3,400,000	8,000,000			4,600,000
Per share price (in Dollars per share) \| $ / shares						$ 157.5
Underwriting discounts and commissions (in Dollars) \| $						$ 42
Net proceeds (in Dollars) \| $					$ 17				$ 23
Offering sale of units					113,333
November 2020 Offering [Member] \| Before Reverse Split [Member]
Equity [Line Items]
Per share price (in Dollars per share) \| $ / shares						$ 5.25
November 2020 Offering [Member] \| February 2021 Offering [Member] \| Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of shares				13,600,000
November 2020 Offering [Member] \| February 2021 Offering [Member]
Equity [Line Items]
New warrants term				5 years
November 2020 Offering [Member] \| February 2021 Offering [Member] \| Class A Ordinary Shares [Member]
Equity [Line Items]
Warrant exercise price (in Dollars per share) \| $ / shares				$ 331.8
Aggregate shares				453,333
Offering shares				453,333
Aggregate net proceeds (in Dollars) \| $				$ 68
November 2020 Offering [Member] \| February 2021 Offering [Member] \| Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of shares				13,600,000
Per share price (in Dollars per share) \| $ / shares				$ 11.06
November 2020 Offering [Member] \| February 2021 Offering [Member] \| Holders [Member] \| Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of totaling				453,333
November 2020 Offering [Member] \| February 2021 Offering [Member] \| Holders [Member] \| Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of shares				13,600,000
February 2021 Offering [Member]
Equity [Line Items]
Issuance of shares				19,200,000
Per share price (in Dollars per share) \| $ / shares				$ 5
Net proceeds (in Dollars) \| $				$ 90
Aggregate offering units				640,000
Aggregate price per unit (in Dollars per share) \| $ / shares				$ 150
February 2021 Offering [Member] \| Two Warrants [Member]
Equity [Line Items]
Warrant exercise price (in Dollars per share) \| $ / shares				157.5
February 2021 Offering [Member] \| Two Warrants [Member] \| Before Reverse Split [Member]
Equity [Line Items]
Per share price (in Dollars per share) \| $ / shares				$ 5.25
Warrants [Member]
Equity [Line Items]
Aggregate ordinary shares issued				640,000
Intrinsic value of warrants (in Dollars) \| $
Warrants [Member] \| Before Reverse Split [Member]
Equity [Line Items]
Issuance of shares				19,200,000
Warrants [Member] \| March 2021 Offering [Member]
Equity [Line Items]
Per share price (in Dollars per share) \| $ / shares	$ 6.59		$ 6.59
March 2021 Offering [Member]
Equity [Line Items]
Issuance of shares	14,000,000		14,000,000
Per share price (in Dollars per share) \| $ / shares	$ 6.1		$ 6.1
Net proceeds (in Dollars) \| $	$ 80
Aggregate offering units			466,667
Aggregate price per unit (in Dollars per share) \| $ / shares			$ 183
Aggregate shares	466,667
Offering shares	466,667
Warrant exercise price (in Dollars per share) \| $ / shares	$ 197.7
March 2021 Offering [Member] \| Before Reverse Split [Member]
Equity [Line Items]
Aggregate shares	14,000,000
March 2021 Offering [Member] \| Class A Ordinary Shares [Member]
Equity [Line Items]
Issuance of shares	14,000,000
Aggregate shares	466,667

Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Deferred Tax Assets and Liabilities [Abstract]
Provision for doubtful accounts	$ 2,007,749	$ 1,986,464
Net operating loss carryforward	30,276,268	23,052,402
Impairment of VAT recoverable, inventory write-down and others	5,835,385	3,672,475
Deferred tax assets ,gross	38,119,402	28,711,341
Less: valuation allowance	(38,119,402)	(28,711,341)
Deferred tax assets
Intangible assets		1,004,365
Property, plant and equipment	74,225	129,174
Deferred tax liabilities	74,225	1,133,539
Total deferred tax liabilities	$ 74,225	$ 1,133,539

Operating leases (Tables)

12 Months Ended

Dec. 31, 2023

Operating Leases [Abstract]

The following components of lease cost are included in the Company’s consolidated statements of operations and comprehensive income (loss):

	For the year ended December 31,		For the year ended December 31,		For the year ended December 31,
	2023		2022		2021
Operating lease cost	$	2,053,911	$	1,948,051	$	1,177,689
Short-term lease cost		18,404		35,710		117,118
Total lease cost	$	2,072,315	$	1,983,761	$	1,294,807

Schedule of Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows:

	For the year ended		For the year ended		For the year ended
	December 31,		December 31,		December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	2,692,699	$	1,559,148	$	1,414,151
Supplemental lease cash flow disclosure
Operating lease right-of-use assets obtained in exchange for operating lease liabilities		1,801,664		5,394,251		3,387,501

Schedule of Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases was as follows:

	As of			As of
	December 31,			December 31,
	2023			2022
Operating lease right-of-use assets	$	6,119,535		$	5,343,608
Operating lease right-of-use assets – related parties		31,197			519,140
Total operating lease right-of-use assets	$	6,150,732		$	5,862,748

Operating lease liabilities, current	$	1,764,259		$	1,217,604
Operating lease liabilities – related parties, current		28,849			283,567
Operating lease liabilities, non-current		4,880,844			5,755,973
Operating lease liabilities – related party, non-current		2,348			-
Total operating lease liabilities	$	6,676,300		$	7,257,144

Weighted average remaining lease term of operating leases		4.90 Years			6.34 Years
Weighted average discount rate of operating leases		6.5250	%		6.5250	%

Schedule of Maturity Analysis of Operating Lease Liabilities

The Company’s maturity analysis of operating lease liabilities, including operating lease liabilities to related parties, as of December 31, 2023 is as follows:

	Operating
	Leases
2024	$	2,142,561
2025		1,808,714
2026		983,979
2027		720,780
2028		754,036
Thereafter		1,399,884
Total lease payment		7,809,954
Less: imputed interest		(1,133,654	)
Present value of operating lease liabilities		6,676,300
Less: current obligation		(1,793,108	)
Long-term obligation at December 31, 2023	$	4,883,192

Short-Term Investments

12 Months Ended

Dec. 31, 2023

Short-Term Investments [Abstract]

Short-term investments

Note 4 – Short-term investments

Short-term investments consist of the following:

	As of December 31,		As of December 31,
	2023		2022

Marketable securities	$	496,122	$	5,611,815
Time deposits		-		172,402
Wealth management products		-		51,160
Total	$	496,122	$	5,835,377

The balances of wealth management products as of December 31, 2022 represent wealth management products with variable rates of return or non-principle-guaranteed purchased from commercial banks.

For the years ended December 31, 2023, 2022 and 2021, the unrealized (gain) loss related to investments in marketable securities was US$(35,758), US$640,998 and US$3,890,427, respectively.

There was no unrealized gain or loss associated with the wealth management products as of December 31, 2023 and 2022. No impairment charges were recorded for the years ended December 31, 2023, 2022 and 2021.

Disposal of Subsidiaries

12 Months Ended

Dec. 31, 2023

Disposal of subsidiaries [Abstract]

Disposal of Subsidiaries

Note 19 – Disposal of subsidiaries

On June 30, 2022, the Company disposed of 100% of the equity interest of Ebang Hongling and its 100% owned subsidiary Wuhai Ebang to a third party for a cash consideration of RMB1. This disposal resulted in a gain of US$5,941 for the year ended December 31, 2022.

For the period from January 1, 2022 to June 30, 2022, Ebang Hongling and Wuhai Ebang did not generate any revenue and incurred a net loss of approximately US$6.7 million. Net negative assets of Ebang Hongling and Wuhai Ebang was approximately US$5,941. The disposal of Ebang Hongling and Wuhai Ebang does not represent a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.

On March 1, 2023, the Company disposed of 100% of the equity interest of EBONEX PTE LTD. to a third party for a cash consideration of SGD10,000. This disposal resulted in a gain of US$7,524 for the year ended December 31, 2023.

For the period from January 1, 2023 to March 1, 2023, EBONEX PTD LTD. did not generate any revenue or incur any net income. Net asset of EBONEX PTE LTD. was US$0. The disposal does not represent a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.

Document And Entity Information - shares	12 Months Ended
Document And Entity Information - shares	Dec. 31, 2023	Apr. 25, 2024
Document Information Line Items
Entity Registrant Name	EBANG INTERNATIONAL HOLDINGS INC.
Trading Symbol	EBON
Document Type	20-F
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001799290
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	true
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-39337
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	12 Marina View
Entity Address, Address Line Two	#20-02B
Entity Address, City or Town	Asia Square Tower 2
Entity Address, Country	SG
Entity Address, Postal Zip Code	018961
Title of 12(b) Security	Class A ordinary shares, par value HK$0.03 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Auditor Firm ID	206
Auditor Name	MaloneBailey, LLP
Auditor Location	Houston, Texas
Business Contact
Document Information Line Items
Entity Address, Address Line One	12 Marina View
Entity Address, Address Line Two	#20-02B
Entity Address, City or Town	Asia Square Tower 2
Entity Address, Country	SG
Entity Address, Postal Zip Code	018961
Contact Personnel Name	Dong Hu
City Area Code	+86 571
Local Phone Number	8817-6197
Contact Personnel Email Address	ir@ebang.com
Class A Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding		4,989,746.22
Class B Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding		1,554,192

Nature of Business and Organization (Details) - Schedule of Accompanying Consolidated Financial Statements	12 Months Ended
	Dec. 31, 2023
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	An Australia company
Ownership	100% owned by Ebang International through its subsidiaries
Hangzhou Dewang Information Technology Co., Ltd. [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	A PRC limited liability company
Ownership	51.05% owned by Ebang International through its subsidiaries
Hangzhou Dewang Information Technology Co., Ltd. One [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Incorporated on December 31, 2015
Hangzhou Dewang Information Technology Co., Ltd. Two [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Principally for the design and manufacture of blockchain chips
Ebang Communications (HK) Technology Limited (“HK Ebang Communications”), formerly known as Hong Kong Bite Co., Ltd. or HK Bite [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	A Hong Kong company
Ownership	100% owned by Ebang International through its subsidiaries
Ebang Communications (HK) Technology Limited (“HK Ebang Communications”), formerly known as Hong Kong Bite Co., Ltd. or HK Bite [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Incorporated on February 12, 2016
Ebang Communications (HK) Technology Limited (“HK Ebang Communications”), formerly known as Hong Kong Bite Co., Ltd. or HK Bite [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Principally for the trading of blockchain chips
Zhejiang Ebang Communication Technology Co., Ltd. (“Zhejiang Ebang”) Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	A PRC limited liability company
Ownership	99.99% owned by Ebang International through its subsidiaries
Zhejiang Ebang Communication Technology Co., Ltd. (“Zhejiang Ebang”) Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Incorporated on January 21, 2010
Zhejiang Ebang Communication Technology Co., Ltd. (“Zhejiang Ebang”) Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Principally holding our businesses in the design, manufacture and sale of telecommunications and blockchain processing equipment
Zhejiang Ebang Information Technology Co., Ltd. (“Ebang IT”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	A PRC limited liability company
Ownership	99.99% owned by Ebang International through its subsidiaries
Zhejiang Ebang Information Technology Co., Ltd. (“Ebang IT”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Incorporated on August 11, 2010
Zhejiang Ebang Information Technology Co., Ltd. (“Ebang IT”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Principally for the design, manufacture and sale of telecommunications and blockchain processing equipment
Ebonex Australia Pty Ltd (“Ebonex Australia”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Incorporated on April 22, 2021
Ebonex Australia Pty Ltd (“Ebonex Australia”) One [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Principally for operating the cryptocurrency exchange platform
Compass Global Holdings Pty Ltd (“Compass Global”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	An Australia company
Ownership	100% owned by Ebang International through its subsidiaries
Compass Global Holdings Pty Ltd (“Compass Global”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Acquired on March 21, 2022
Compass Global Holdings Pty Ltd (“Compass Global”) [Member]
Schedule of Accompanying Consolidated Financial Statements [Line Items]
Background	Principally for operating the cross-border payment and foreign exchange business

Segment and Revenue Analysis (Details) - Schedule of Property, Plant and Equipment, Right-of- Use Assets, Intangible Assets and Goodwill - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	$ 41,631,570	$ 51,602,392
Mainland China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	36,135,935	38,070,043
Hong Kong [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	239,608	90,949
Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	3,912,446	10,955,261
Others foreign countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets	$ 1,343,581	$ 2,486,139

Operating leases (Details) - Schedule of Cash Flow Information Related to Operating Leases - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Cash Flow Information Related to Operating Leases [Abstract]
Operating cash flows for operating leases	$ 2,692,699	$ 1,559,148	$ 1,414,151
Remeasurement of the lease liabilities and right-of-use assets due to lease modification
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 1,801,664	$ 5,394,251	$ 3,387,501

Income Taxes (Details) - Schedule of Provision for Income Taxes - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Provision for Income Taxes [Abstract]
Current income tax expense		$ 7,666	$ 2,466,745
Deferred tax expense (benefit)	(1,031,461)	(80,599)	(2,845,588)
Income taxes provision (benefit)	$ (1,031,461)	$ (72,933)	$ (378,843)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Operating leases (Details) - Operating Lease [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating leases (Details) [Line Items]
Operating lease liabilities, current	$ 6,676,300
Operating lease liabilities noncurrent	4,883,192	$ 7,257,144
Operating lease right-of-use assets	$ 6,150,732	$ 5,862,748

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Summary of Significant Accounting Policies [Line Items]
Non controlling interest, percentage	51.05%
Restricted cash	$ 1,285,900	$ 932,164
Credit losses on other receivable	1,279,226	1,835,121
Credit losses (reversal of credit losses) on accounts receivable	(304,112)	1,968,316	(310,012)
Contract with Customer, Liability, Current	69,361	1,010,852	69,361
Contract with Customer, Liability, Revenue Recognized	$ 1,209	31,761	126,333
Number of operating segments	1
Selling Expense	$ 1,893,607	1,956,120	1,418,586
Research and development expenses	7,401,430	5,147,364	6,557,208
Government grants received	$ 62,600	81,911	434,604
VAT, description	Revenue is recognized net of value-added taxes (“VAT”). VAT is based on gross sales price and the VAT rate applicable to the Company is 17% for the period from the beginning of 2018 until the end of April 2018, then changed to 16% from May 2018 to the end of March 2019, and changed to 13% since April 2019. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities. Furthermore, the Company’s subsidiaries in China may be qualified to receive a refund on VAT for the excess input VAT after meeting certain prerequisites specified in relevant regulations prescribed by the State Tax Bureau of the PRC.
VAT recoverable	$ 16,688,647	4,474,784
Tax benefit, percentage	50.00%
Statutory reserve, description	Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign-invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign-invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end).
Hangzhou Dewang [Member]
Summary of Significant Accounting Policies [Line Items]
Non controlling interest, percentage	51.05%
Accounts Receivable [Member]
Summary of Significant Accounting Policies [Line Items]
Credit losses (reversal of credit losses) on accounts receivable	$ 304,112
Shipping and Handling [Member]
Summary of Significant Accounting Policies [Line Items]
Selling Expense	$ 6,630	$ 8,745	$ 54,473

Operating leases (Details) - Schedule of Component of Lease Cost - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Component of Lease Cost [Abstract]
Operating lease cost	$ 2,053,911	$ 1,948,051	$ 1,177,689
Short-term lease cost	18,404	35,710	117,118
Total lease cost	$ 2,072,315	$ 1,983,761	$ 1,294,807

Segment and Revenue Analysis (Details) - Schedule of Geographic Region - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Geographic region
Total revenue	$ 4,855,181	$ 32,328,119	$ 51,450,247
Mainland China [Member]
Geographic region
Total revenue	1,173,993	29,623,568	51,432,545
Australia [Member]
Geographic region
Total revenue	3,681,188	2,704,551
Other Countries and Regions [Member]
Geographic region
Total revenue			$ 17,702