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Prepaid Expenses and Other Current Assets (Tables) | 6 Months Ended
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Jun. 30, 2023
Prepaid Expenses and Other Current Assets [Abstract] |
Schedule of Prepaid Expenses and Current Assets | At June 30, 2023 and December 31, 2022, prepaid expenses and current assets consisted of the following.
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | (Unaudited) |  |  |  |
Interest receivable (1) |  | $ | 315,466 |  |  | $ | 42,263 |
Prepaid expenses (2) |  |  | 156,958 |  |  |  | 4,342 |
Prepayment for office renovation |  |  | 117,974 |  |  |  | - |
Other receivables, net (3) |  |  | 12,098 |  |  |  | 48,280 |
Total |  | $ | 602,496 |  |  | $ | 94,925 |
| (1) | Interest receivable primarily consists of interest from loans to third parties and interest from investments.
| (2) | Prepaid expenses primarily consist of insurance premium, investor relations and lawyer’s fee.
| (3) | Other receivables primarily consist of cash advance to employees for business travel or expenses incurred in the ordinary courses of business, net of expected credit loss.

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