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Short Term Loans
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
SHORT TERM LOANS

13. SHORT TERM LOANS

 

As of December 31, 2021, loan payables were $1.02 million, which consisted of the loan payable of $1.02 million to Datang Commercial Factoring Co., Ltd.

 

Fuce Future Supply Chain (Xi’an) Co., Ltd signed a factoring business contract with Datang Commercial Factoring Co., Ltd. and obtained a factoring financing of $1.02 million (RMB 6.5 million) was interest free, with an expiration date of April 28, 2022.