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Investments | 6 Months Ended
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Jun. 30, 2024
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.
|  | June 30, 2024 |  |  | Quoted prices in active markets (level 1) |  |  | Significant other observable inputs (level 2) |  |  | Significant other unobservable inputs (level 3) |
|  | (Unaudited) |  |  |  |  |  |  |  |  |  |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities |  | $ | 4,951,441 |  |  | $ | 4,951,441 |  |  | $ | - |  |  | $ | - |
Held-to-maturity debt securities |  |  | 13,188,004 |  |  |  | 13,188,004 |  |  |  | - |  |  |  | - |
Long-term investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity debt securities |  |  | 1,000,000 |  |  |  | 1,000,000 |  |  |  | - |  |  |  | - |
Total |  | $ | 19,139,445 |  |  | $ | 19,139,445 |  |  | $ | - |  |  | $ | - |
|  | December 31, 2023 |  |  | Quoted prices in active markets (level 1) |  |  | Significant other observable inputs (level 2) |  |  | Significant other unobservable inputs (level 3) |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities |  | $ | 5,837,445 |  |  | $ | 5,837,445 |  |  | $ | - |  |  | $ | - |
Held-to-maturity debt securities |  |  | 3,000,000 |  |  |  | 3,000,000 |  |  |  | - |  |  |  | - |
Long-term investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity debt securities |  |  | 1,000,000 |  |  |  | 1,000,000 |  |  |  | - |  |  |  | - |
Total |  | $ | 9,837,445 |  |  | $ | 9,837,445 |  |  | $ | - |  |  | $ | - |
Net investment gain (loss) for the six months ended June 30, 2024 and 2023 consists of the following:
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |
(Loss) gain from sales of short-term investments: |  |  |  |  |  |
Trading securities |  | $ | (3,584 | ) |  | $ | 31,721 |
Unrealized gain (loss) of short-term investments: |  |  |  |  |  |  |  |
Trading securities |  |  | 25,305 |  |  |  | (15,263 | )
Held-to-maturity debt securities |  |  | 166,383 |  |  |  | 7,950 |
Unrealized gain of long-term investments: |  |  |  |  |  |  |  |
Held-to-maturity debt securities |  |  | 40,000 |  |  |  | 64,438 |
Net investment gain |  | $ | 228,104 |  |  | $ | 88,846 |

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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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