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Short Term Investment | 3 Months Ended
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Mar. 31, 2022
Short Term Investment [Member] |
SHORT TERM INVESTMENT | 7. SHORT TERM INVESTMENT As of March 31, 2022, the balance of short term investment was $1.80 million. On September 6, 2021, Future Private Equity Fund Management (Hainan) Co., Ltd. invested $2.05 million (RMB13,000,000) to entrust Shanghai Yuli Enterprise Management Consulting Firm to invest in various types of investment portfolios. According to the market value, the Company’s balance of the short term investment was $1.8 million on March 31, 2022.

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- Definition The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
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