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Related Party Transaction (Tables) | 9 Months Ended
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Sep. 30, 2024
Related Party Transaction [Abstract] |
Schedule of Due to Related Parties | As of September 30, 2024, the amounts due to the related parties were consisted of the followings:
Name |  | Amount (US$) |  |  | Relationship |  | Note
Ming Yi |  |  | 11,123 |  |  | Chief Financial Officer of the Company |  | Other payables, interest free and payment on demand.
Total |  | $ | 11,123 |  |  |  |  |
As of December 31, 2023, the amount due to the related parties was consisted of the followings:
Name |  | Amount |  |  | Relationship |  | Note
Chao Li |  | $ | 73,893 |  |  | Legal representative of Fengtongxiang Supply Chain (Chengdu) Co., Ltd. |  | Other payables, interest free and payment on demand.
Ming Yi |  |  | 29,513 |  |  | Chief Financial Officer of the Company |  | Accrued expenses, interest free and payment on demand.
Xiaochen Zhao |  |  | 124 |  |  | Legal representative of FTFT Finance UK Limited |  | Accrued expenses, interest free and payment on demand.
Chan Siu Kei |  |  | 401,516 |  |  | NTAM’s Director |  | Other payables, interest free and payment on demand.
Total |  | $ | 505,046 |  |  |  |  |
Schedule of Due from Related Parties | As of September 30, 2024, the amounts due from the related parties were consisted of the followings:
Name |  | Amount (US$) |  |  | Relationship |  | Note
Chao Li |  |  | 1,713 |  |  | Legal representative of Fengtongxiang Supply Chain (Chengdu) Co., Ltd. |  | Prepaid expenses, interest free and payment on demand.
Hu Li |  |  | 20,000 |  |  | Corporate Secretary (was appointed as our CEO and director on August 5, 2024) |  | Prepaid expenses, interest free and payment on demand.
Kai Li |  |  | 58,395 |  |  | Legal representative of Future Trading Chengdu |  | Prepaid expenses, interest free and payment on demand.
Chan Siu Kei |  |  | 702,471 |  |  | NTAM’s Director |  | Other payables, interest free and payment on demand.
Total |  | $ | 782,579 |  |  |  |  |
As of December 31, 2023, the amount due from the related parties was consisted of the followings:
Name |  | Amount |  |  | Relationship |  | Note
Kai Xu |  | $ | 12,151 |  |  | The legal representative of Fucheng Commercial Group and deputy General Manager of a subsidiary of the Company |  | Loan receivables*, interest free and payment on demand.
Total |  | $ | 12,151 |  |  |  |  |
Schedule of Company Transactions with Related Parties | During nine months ended September 30, 2024, the Company had the following transactions with related parties:
Name |  | Amount |  |  | Relationship |  | Note
JKNDC Limited |  | $ | (5,791) |  |  | A company owned by the minority shareholder of NTAM |  | Other income
JKNDC Limited |  |  | 395,395 |  |  | A company owned by the minority shareholder of NTAM |  | Cost of revenue- Asset management service
Nice Talent Partner Limited |  |  | 347,466 |  |  | A company owned by the minority shareholder of NTAM |  | Consultancy fee
During nine months ended September 30, 2023, the Company had the following transactions with related parties:
Name |  | Amount |  |  | Relationship |  | Note
JKNDC Limited |  | $ | (5,744 | ) |  | A company owned by the minority shareholder of NTAM |  | Other income
JKNDC Limited |  |  | 960,312 |  |  | A company owned by the minority shareholder of NTAM |  | Cost of revenue- Asset management service payable to JKNDC
Alpha Yield Limited |  |  | 411,456 |  |  | A director of NTAM is a shareholder of this company |  | Consultancy fee payable to Alpha Yield
Nice Talent Partner Limited |  |  | 344,668 |  |  | A company owned by the minority shareholder of NTAM |  | Consultancy fee payable to Nice Talent Partner

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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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