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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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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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.

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