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Related Party Transaction | 9 Months Ended
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Sep. 30, 2022
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTION | 19. RELATED PARTY TRANSACTION As of September 30, 2022, the amounts due to the related parties consisted of the followings:
Name |  | Amount (US$) |  |  | Relationship |  | Note
Zhi Yan |  |  | 211,358 |  |  | General Manager of a subsidiary of the Company |  | Accrued expenses, interest free and payment on demand.
Alpha Yield Limited |  |  | 12,783 |  |  | Director and legal representative of NTAM |  | Accrued expenses, interest free and payment on demand
Reits (Beijing) Technology Co., Ltd |  |  | 14,261 |  |  | Zhi Yan is the legal representative of this company |  | Acquisition of intangibles upon the full completion of the online platform pursuant to an agreement originally entered between parties before Zhi Yan was the general manager of our subsidiary. The amount is interest free and payment on demand.
Total |  | $ | 238,402 |  |  |  |  |
As of September 30, 2022, the amounts due from the related parties consisted of the followings:
Name |  | Amount (US$) |  |  | Relationship |  | Note
Jing Chen |  |  | 2,254 |  |  | Vice president of the Company |  | Prepaid expenses, interest free and payment on demand.
Ming Yi |  |  | 1,550 |  |  | Chief Financial Officer of the Company |  | Prepaid expenses, interest free and payment on demand.
OLA |  |  | 3,503 |  |  | Chief Executive Officer of a subsidiary of the Company and Chief Strategy Officer of the Company |  | Prepaid expenses, interest free and payment on demand.
Total |  | $ | 7,307 |  |  |  |  |
As of December 31, 2021, the amounts due to the related parties consisted of the followings:
Name |  | Amount (US$) |  |  | Relationship |  | Note
Zhi Yan |  | $ | 286,045 |  |  | General Manager of a subsidiary of the Company |  | Accrued expenses, interest free and payment on demand.
Jing Chen |  |  | 37,604 |  |  | Vice president of the Company |  | Accrued expenses, interest free and payment on demand.
Shaanxi Fu Chen Venture Capital Management Co. Ltd. (“Shaanxi Fu Chen”) |  |  | 72,046 |  |  | Two outside shareholders of the Company are shareholders of Shaanxi Fu Chen |  | Other payables, interest free and payment on demand.
Future Supply Chain Co., Ltd. |  |  | 280,571 |  |  | Shaanxi Fu Chen holds 100% interest of this company |  | Other payables, interest free and payment on demand.
Reits (Beijing) Technology Co., Ltd |  |  | 15,881 |  |  | Zhi Yan is the legal representative of this company |  | Acquisition of intangibles upon the full completion of the online platform pursuant to an agreement originally entered between parties before Zhi Yan became a related party. The amount is interest free and payment on demand.
Shaanxi Chunlv Ecological Agriculture Co. Ltd. |  |  | 257,876 |  |  | Shaanxi Fu Chen holds 80% interest of this company |  | Other payables, interest free and payment on demand.
Ming Yi |  |  | 8,942 |  |  | Chief Financial Officer of the Company |  | Accrued expenses, interest free and payment on demand.
OLA |  |  | 4,933 |  |  | Chief Executive Officer of a subsidiary of the Company and Chief Strategy Officer of the Company |  | Other payables, interest free and payment on demand.
Kai Xu |  |  | 25,509 |  |  | Deputy General Manager of a subsidiary of the Company |  | Accrued expenses, interest free and payment on demand.
Shaanxi Fuju Mining Co., Ltd |  |  | 3,295 |  |  | Shaanxi Fu Chen holds 80% interest of this company |  | Other payables, interest free and payment on demand.
Total |  | $ | 992,702 |  |  |  |  |
As of December 31, 2021, the amounts due from the related parties consisted of the followings:
Name |  | Amount (US$) |  |  | Relationship |  | Note
Shaanxi Fu Chen Venture Capital Management Co. Ltd. (“Shaanxi Fu Chen”) |  |  | 235,268 |  |  | Two outside shareholders of the Company are shareholders of Shaanxi Fu Chen |  | Loan receivables*, interest free and payment on demand.
Bin Wu |  |  | 26,145 |  |  | A shareholder of a Company’s subsidiary |  | Advance to pay for the incorporation costs of the establishment of the subsidiary in Dubai* Amount is interest free and payment on demand.
Total |  | $ | 261,413 |  |  |  |  |
| * | The related party transactions have been approved by the Company’s Audit Committee.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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