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Condensed Financial Information of the Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Of Parent Company Explanatory [Abstract] |
Schedule of statements of financial position - parent company only |
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | (Unaudited) |  |  | (Unaudited) |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,129,248 |  |  | $ | 1,030,340 |
Other receivables |  |  | 5,833 |  |  |  | - |
Goodwill |  |  | 329,534 |  |  |  | - |
Investment in subsidiaries |  |  | 5,731,576 |  |  |  | 1,823,463 |
Total assets |  | $ | 11,196,191 |  |  | $ | 2,853,803 |
Liabilities and equity |  |  |  |  |  |  |  |
Trade and other payables |  | $ | 135,295 |  |  | $ | 116,084 |
Long-term borrowings from related company |  |  | 4,575,852 |  |  |  | 4,947,400 |
Total liabilities |  |  | 4,711,147 |  |  |  | 5,063,484 |
Equity |  |  |  |  |  |  |  |
Ordinary Shares –Authorized 300,000,000 shares, par value $0.003 (2020: Authorized 100,000,000 shares*) |  |  | 63,606 |  |  |  | 52,069 |
Subscription receivable |  |  | (50,000 | ) |  |  | (50,000 | )
Additional paid in capital |  |  | 15,603,631 |  |  |  | 2,082,795 |
Legal reserve |  |  | 223,500 |  |  |  | 223,500 |
Accumulated deficit |  |  | (10,204,220 | ) |  |  | (4,722,294 | )
Accumulated other comprehensive income |  |  | 821,527 |  |  |  | 204,249 |
Capital & reserves |  |  | 6.485,044 |  |  |  | (2,209,681 | )
Total liabilities and equity |  | $ | 11,196,191 |  |  | $ | 2,853,803 |
Schedule of statements of profit and loss and comprehensive loss - parent company only |
|  | For the years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Revenue |  | $ | - |  |  | $ | - |  |  | $ | - |
Cost of sales |  |  | - |  |  |  | - |  |  |  | - |
Gross margin |  |  | - |  |  |  | - |  |  |  | - |
Administrative expenses |  |  | (1,861,520 | ) |  |  | (1,519,150 | ) |  |  | (656,176 | )
Loss from operations |  |  | (1,861,520 | ) |  |  | (1,519,150 | ) |  |  | (656,176 | )
Other income, net |  |  | 227,205 |  |  |  | 9 |  |  |  | - |
Finance cost |  |  | (99,470 | ) |  |  | (92,717 | ) |  |  | (53,214 | )
Equity (loss) income of subsidiaries |  |  | (3,748,142 | ) |  |  | (1,515,166 | ) |  |  | 763,425 |
Net (loss) profit for the year |  |  | (3,620,407 | ) |  |  | (3,126,024 | ) |  |  | 54,035 |
Total comprehensive (loss) income for the year |  | $ | (5,481,927 | ) |  | $ | (3,126,024 | ) |  | $ | 54,035 |
Schedule of statements of cash flows - parent company only |
|  | For the years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Operating activities |  |  |  |  |  |  |  |  |
Net loss |  | $ | (5,481,927 | ) |  | $ | (3,126,024 | ) |  | $ | 54,035 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | - |  |  |  | 100,936 |  |  |  | - |
Equity loss from equity investments |  |  | 3,748,142 |  |  |  | 1,514,166 |  |  |  | (763,425 | )
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other receivables, net |  |  | (5,833 | ) |  |  | 57,400 |  |  |  | 332,599 |
Other payables |  |  | (7,405,803 | ) |  |  | 975,618 |  |  |  | 1,422,550 |
Net cash used in operating activities |  |  | (9,145,421 | ) |  |  | (477,904 | ) |  |  | 1,045,759 |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
IPO proceeds |  |  | 13,244,329 |  |  |  | - |  |  |  | - |
Net cash provided by financing activities |  |  | 13,244,329 |  |  |  | - |  |  |  | - |
Net increase (decrease) in cash and cash equivalents, and restricted cash |  |  | 4,098,908 |  |  |  | (477,904 | ) |  |  | 1,045,759 |
Cash and cash equivalents at beginning of year |  |  | 1,030,340 |  |  |  | 1,508,244 |  |  |  | 462,485 |
Cash and cash equivalents at end of year |  | $ | 5,129,248 |  |  | $ | 1,030,340 |  |  | $ | 1,508,244 |

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