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Short - Term Investments
12 Months Ended
Dec. 31, 2024
Short - Term Investments [Abstract]  
SHORT - TERM INVESTMENTS

6. SHORT - TERM INVESTMENTS  

 

As of December 31, 2024 and 2023, the balance of short - term investments was $1,391 and $0.96 million. On September 6, 2021, Future Private Equity Fund Management (Hainan) Co., Ltd. invested $1.87 million (RMB13,000,000) to entrust Shanghai Yuli Enterprise Management Consulting Firm to invest in various types of investment portfolios. Due to fluctuations of the quoted shares included in its investment portfolios, the Company recognized an impairment to the investment portfolio of nil and $12,633 for the years ended December 31, 2024 and 2023.