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v3.23.3

Investments | 6 Months Ended
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Jun. 30, 2023
Short-term Investments [Abstract] |
INVESTMENTS | NOTE 3 – INVESTMENTS Short-term investments consist of trading stock and debt securities, which include mutual funds and wealth management products issued by commercial banks with maturity within one year. Long-term investments consist of wealth management products with maturity over one year. Investments consisted of the following.
|  |  |  |  | Quoted |  |  | Significant |  |  | Significant |
|  |  |  |  | Prices in |  |  | Other |  |  | Other |
|  |  |  |  | Active |  |  | Observable |  |  | Unobservable |
|  | June 30, |  |  | Markets |  |  | Inputs |  |  | Inputs |
|  | 2023 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
|  | (Unaudited) |  |  |  |  |  |  |  |  |  |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |
Trading securities |  | $ | 1,934,952 |  |  | $ | 1,934,952 |  |  | $ | - |  |  | $ | - |
Held-to-maturity debt securities |  |  | 4,792,189 |  |  |  | 4,792,189 |  |  |  | - |  |  |  | - |
Long-term investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity debt securities |  |  | 5,000,000 |  |  |  | 5,000,000 |  |  |  | - |  |  |  | - |
Total |  | $ | 11,727,141 |  |  | $ | 11,727,141 |  |  | $ | - |  |  | $ | - |
|  |  |  |  | Quoted |  |  | Significant |  |  | Significant |
|  |  |  |  | Prices in |  |  | Other |  |  | Other |
|  |  |  |  | Active |  |  | Observable |  |  | Unobservable |
|  | December 31, |  |  | Markets |  |  | Inputs |  |  | Inputs |
|  | 2022 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Short-term investment |  |  |  |  |  |  |  |  |  |  |  |
Trading securities |  | $ | 2,408,772 |  |  | $ | 2,408,772 |  |  | $ | - |  |  | $ | - |
Held-to-maturity debt securities |  |  | 1,881,576 |  |  |  | 1,881,576 |  |  |  | - |  |  |  | - |
Total |  | $ | 4,290,348 |  |  | $ | 4,290,348 |  |  | $ | - |  |  | $ | - |
Net investment (loss) income for the six months ended June 30, 2023 and 2022 consists of the following.
|  | 2023 |  |  | 2022 |
|  | (Unaudited) |  |  | (Unaudited) |
Gain (loss) from sales of short-term investments: |  |  |  |  |  |
Trading securities |  | $ | 31,721 |  |  | $ | (24,453 | )
Unrealized holding (loss) income of short-term investments: |  |  |  |  |  |  |  |
Trading securities |  |  | (15,263 | ) |  |  | 6,872 |
Held-to-maturity debt securities |  |  | 7,950 |  |  |  | 11,457 |
Unrealized holding (loss) income of long-term investments: |  |  |  |  |  |  |  |
Held-to-maturity debt securities |  |  | 64,438 |  |  |  | - |
Net investment income (loss) |  | $ | 88,846 |  |  | $ | (6,124 | )

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org//321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org//325/tableOfContent + Details
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- References No definition available. + Details
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