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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE 7 – PROPERTY AND EQUIPMENT, NET As of December 31, 2021 and 2020, property and equipment consisted of the following:
|  | Useful life |  | December 31, 2021 |  |  | December 31, 2020 |
Office equipment and furniture |  | 3 - 5 Years |  | $ | 166,979 |  |  | $ | 142,482 |
Leasehold improvement |  | The lesser of remaining lease term or 2 - 3 Years |  |  | 92,358 |  |  |  | 90,246 |
Software |  | 1 - 3 Years |  |  | 13,018 |  |  |  | 12,721 |
Finance lease right-of-use asset |  | 4 Years |  |  | 165,242 |  |  |  | - |
|  |  |  |  | 437,597 |  |  |  | 245,449 |
Less: accumulated depreciation |  |  |  |  | (170,164 | ) |  |  | (142,567 | )
|  |  |  | $ | 267,433 |  |  | $ | 102,882 |
For the years ended December 31, 2021, 2020 and 2019, depreciation expense amounted to $40,130, $54,576 and $25,839, respectively, all of which were included in operating expenses. The Company entered into a finance vehicle lease in 2021 and the finance lease right-of-use asset with a net carrying amount of $161,111 as of December 31, 2021 was included in property and equipment, net. Finance lease liabilities was nil as of December 31, 2021. The Company made cash payments of $163,301 for finance lease liabilities during the year ended December 31, 2021, which is included within the financing activities section on the consolidated statements of cash flows.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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