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v3.23.1

Related Party Transaction (Tables) | 3 Months Ended
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Mar. 31, 2023
Related Party Transactions [Abstract] |
Schedule of due to related parties |
Name |  | Amount (US$) |  |  | Relationship |  | Note
Zhi Yan |  |  | 223,335 |  |  | General Manager of a subsidiary of the Company |  | Accrued expenses, interest free and payment on demand.
Reits (Beijing) Technology Co., Ltd |  |  | 14,734 |  |  | 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.
Total |  | $ | 238,069 |  |  |  |  |
Name |  | Amount (US$) |  |  | Relationship |  | Note
Reits (Beijing) Technology Co., Ltd |  |  | 14,538 |  |  | 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.
Zhi Yan |  |  | 230,281 |  |  | General Manager of a subsidiary of the Company |  | Other payables, interest free and payment on demand.
Total |  | $ | 244,819 |  |  |  |  |
Schedule of due from related parties |
Name |  | Amount (US$) |  |  | Relationship |  | Note
Kai Xu |  |  | 43,502 |  |  | Deputy General Manager of a subsidiary of the Company |  | Prepaid expenses, interest free and payment on demand.
OLA |  |  | 127 |  |  | Chief Executive Officer of a subsidiary of the Company and Chief Strategy Officer of the Company |  | Prepaid expenses, interest free and payment on demand.
Ming Yi |  |  | 56,393 |  |  | Chief Financial Officer of the Company |  | Prepaid expenses, interest free and payment on demand.
Total |  | $ | 100,022 |  |  |  |  |
Name |  | Amount |  |  | Relationship |  | Note
Kai Xu |  | $ | 16 |  |  | Deputy General Manager of a subsidiary of the Company |  | Loan receivables*, interest free and payment on demand.
Ming Yi |  |  | 12,135 |  |  | Chief Financial Officer of the Company |  | Loan receivables*, interest free and payment on demand.
Jing Chen |  |  | 971 |  |  | Vice president of the Company |  | Loan receivables*, interest free and payment on demand.
Ola Johannes Lind |  |  | 2,168 |  |  | Chief Executive Officer of the FTFT Capital Investments L.L.C. and Chief Strategy Officer of the Company |  | Loan receivables*, interest free and payment on demand.
Wong Tai Kue |  |  | 37,836 |  |  | NTAM’s Director |  | Advance to pay for directors* Amount is interest free and payment on demand.
Total |  | $ | 53,126 |  |  |  |  |
* | The related party transactions have been approved by the Company’s Audit Committee.
Schedule of company transactions with related parties |
Name |  | Amount |  |  | Relationship |  | Note
JKNDC Limited |  | $ | 1,914 |  |  | A company owned by the minority shareholder of NTAM |  | Other expenses
JKNDC Limited |  |  | 361,958 |  |  | A company owned by the minority shareholder of NTAM |  | Cost of revenue- Asset management service
Alpha Yield Limited |  |  | 178,913 |  |  | A director of the Company is a shareholder of this company |  | Consultancy fee
Nice Talent Partner Limited |  |  | 76,542 |  |  | A company owned by the minority shareholder of NTAM |  | Consultancy fee
Name |  | Amount |  |  | Relationship |  | Note
Nice Talent Partner Limited |  |  | 76,862 |  |  | A company owned by the minority shareholder of NTAM |  | Consultancy fee

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- Definition Tabular disclosure of schedule of due to related parties. + References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, 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 No definition available. + Details
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