XML 125 R109.htm IDEA: XBRL DOCUMENT v3.23.1
Loans (Details) - Schedule of other short-term loans - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Short-Term Debt [Line Items]    
Advance from related parties $ 323,927 $ 4,282,119
Advances from unrelated third party 365,169 397,003
Other short-term loans 689,096 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] [Member]    
Short-Term Debt [Line Items]    
Advance from related parties [2] 223,927 153,300
Shareholders [Member]    
Short-Term Debt [Line Items]    
Advance from related parties [3] 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 [4] 15,896 17,282
Ms. Longqian Peng [Member]    
Short-Term Debt [Line Items]    
Advances from unrelated third party [4] 276,905 301,044
Suzhou Zhengyuanwei Needle Ce Co., Ltd [Member]    
Short-Term Debt [Line Items]    
Advances from unrelated third party [5] $ 72,368 $ 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] The earnest money paid by certain shareholders in relation to share purchase (note 1) were unsecured, non-interest bearing and repayable on demand.
[4] Advances from unrelated third parties were unsecured, non-interest bearing and repayable on demand.
[5] 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 December 31, 2022, loan amount of RMB0.5 million ($72,368) remained outstanding.