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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule Of Potentially Diluted Shares |
|  | 2021 |  |  | 2020 |
Statement of Operations Summary Information: |  |  |  |  |  |
Net Profit |  | $ | 5,175,675 |  |  | $ | 2,675,037 |
Weighted-average common shares outstanding - basic and diluted |  |  | 305,451,498 |  |  |  | 304,166,073 |
Net profit per share, basic and diluted |  | $ | 0.02 |  |  | $ | 0.01 |
Schedule Of Exchange Rate |
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
RMB: US$ exchange rate |  |  | 6.36 |  |  |  | 6.53 |
Schedule Of Consolidated Subsidiaries |
Name of Company |  | Place of incorporation |  | Attributable equity interest % |
Utour Pte Ltd |  | Singapore |  |  | 100 | %
WeTrade Information Technology Limited (“WITL”) |  | Hong Kong |  |  | 100 | %
Yueshang Information Technology (Beijing) Co., Ltd. (“YITB”) |  | P.R.C. |  |  | 100 | %
Yueshang Group Network (Hunan) Co., Limited (“Yueshang Hunan”) |  | P.R.C |  |  | 100 | %
Yueshang Technology Group (Hainan Special Economic Zone) Co. Limited (“Yueshang Hainan”) |  | P.R.C |  |  | 100 | %
Tibet XiaoShang Technology Co Limited (“Tibet Xiaoshang”) |  | P.R.C |  |  | 100 | %
Schedule Lease Terms And Discount Rate |
Lease cost |  | In USD |
Operating lease cost (included in general and admin in company’s statement of operations) |  | $ | 694,533 |
Other information |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities for the quarter ended 12/31/2021 |  |  | 719,272 |
Weighted average remaining lease term-operating leases (in years) |  |  | 3.67 |
Average discount rate - operating leases |  |  | 5 | %
The supplemental balance sheet information related to leases for the period is as follows: |  |  |  |
Operating leases |  |  |  |
Long -term right-of-use assets |  |  | 2,328,950 |
Total right-of-use assets |  | $ | 2,328,950 |
Short-term operating lease liabilities |  |  | 596,098 |
Long-term operating lease liabilities |  |  | 1,942,242 |
Total operating lease liabilities |  | $ | 2,538,340 |
Maturities of the Company’s lease liabilities are as follows: |  |  |  |
Year ending December 31, |  |  |  |
2022 |  |  | 709,336 |
2023 |  |  | 753,074 |
2024 |  |  | 798,895 |
2025 |  |  | 526,944 |
Total lease payments |  | $ | 2,788,249 |
Less: Imputed interest/present value discount |  |  | (249,909 | )
Present value of lease liabilities |  | $ | 2,538,340 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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