XML 55 R44.htm IDEA: XBRL DOCUMENT v3.24.3
Related Party Transaction (Tables)
 9 Months Ended
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