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v3.22.2.2

Loans (Details) - Schedule of other short-term loans - USD ($) | Sep. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Short-Term Debt [Line Items] |  |  |
Advance from related parties |  | $ 1,722,722 | $ 4,282,119
Advances from unrelated third party |  | 1,759,861 | 397,003
Other short-term loans |  | 3,482,583 | 4,679,122
Mr. Xiangqian Li, the Company’s Former CEO [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advance from related parties | [1] | 100,000 | 100,000
Mr. Yunfei Li [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advance from related parties | [2] | 132,601 | 153,300
Ms. Xiangyu Pei [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advance from related parties | [3] | 1,405,304 |
Shareholders [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advance from related parties | [4] | 84,817 | 94,971
Mr. Junnan Ye [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advance from related parties |  |  | 3,933,848
Mr. Wenwu Yu [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advances from unrelated third party | [5] | 15,434 | 17,282
Mr. Longqian Peng [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advances from unrelated third party | [5] | 268,858 | 301,044
Ms. Xia Liu [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advances from unrelated third party | [5] | 702,652 |
Ms. Xiaojuan Liu [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advances from unrelated third party | [5] | 702,652 |
Suzhou Zhengyuanwei Needle Ce Co., Ltd [Member] |  |  |
Short-Term Debt [Line Items] |  |  |
Advances from unrelated third party | [6] | $ 70,265 | $ 78,677
[1] | Advances from Mr. Xiangqian Li, the Company’s former CEO, was unsecured, non-interest bearing and repayable on demand.
[2] | Advances from Mr. Yunfei Li, the Company’s CEO, was unsecured, non-interest bearing and repayable on demand.
[3] | Advances from Ms. Xiangyu Pei, the Company’s Interim CFO, was unsecured, non-interest bearing and repayable on demand.
[4] | The earnest money paid by certain shareholders in relation to share purchase (note 1) were unsecured, non-interest bearing and repayable on demand.
[5] | Advances from unrelated third parties were unsecured, non-interest bearing and repayable on demand.
[6] | In 2019, the Company entered into a short term loan agreement with Suzhou Zhengyuanwei Needle Ce Co., Ltd, an unrelated party to loan RMB0.6 million (approximately $0.1 million), bearing annual interest rate of 12%. As of September 30, 2022, loan amount of RMB0.5 million ($0.1 million) remained outstanding.

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