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Related Party Transaction (Tables)
3 Months Ended
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