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Investments
 6 Months Ended
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)