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LOAN AND INTEREST RECEIVABLE - RELATED PARTY | 3 Months Ended
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Mar. 31, 2023
LOAN AND INTEREST RECEIVABLE - RELATED PARTY |
LOAN AND INTEREST RECEIVABLE - RELATED PARTY | NOTE 13 – LOAN AND INTEREST RECEIVABLE — RELATED PARTY In February 2021, the Company lent $200,000 to a wholly owned subsidiary of Suzhou Snail, the loan bears 2.0% per annum interest, interest and principal are due in February 2022. In February 2022, Suzhou Snail signed an agreement with this subsidiary and assumed the loan and related interest for a total of $203,890. Subsequently, $103,890 was offset against the loan and interest payable owed to Suzhou Snail on a separate note. Please refer to Note 14 — Loan Payable and Interest Payable — Related Parties. The total amount of loan and interest receivable — related parties was $102,247 and $101,753, as of March 31, 2023 and December 31, 2022, respectively. The Company earned $493 and $247 in interest on the related party loans receivable during the three months ended March 31, 2023 and 2022, respectively.

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- Definition The entire disclosure of loan and interest receivable from related parties. + References No definition available. + Details
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