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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from operating activities:    
Net income $ 3,685,000 $ 3,568,968
Adjustment to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 88,175 59,461
Depreciation of right-of-use assets 94,865 122,753
Write off of property, plant and equipment 48,399
Early termination of lease (1,750)  
Change in fair value of derivative 109,346 (291,860)
Changes in operating assets and liabilities    
Accounts receivable (402,941) (1,334,210)
Prepayments and other current assets 3,580,806 (3,765,499)
Due from related parties 1,509,988 (723,697)
Accounts payable (5,644,677) 228,653
Accrued expenses and other liabilities 78,242 30,878
Derivatives 291,860 (262,310)
Lease liabilities (83,859) (112,685)
Taxes payable 145,679 (27,029)
Net cash provided by (used in) operating activities 3,499,133 (2,506,577)
Cash flows from investing activities:    
Purchase of property, plant and equipment (373,111) (19,153)
Net cash (used in) provided by investing activities (373,111) (19,153)
Cash flows from financing activities:    
Deferred offering costs (1,128,453)
Net cash used in financing activities (1,128,453)
Net increase (decrease) in cash 1,997,569 (2,525,730)
Cash at the beginning of the year 3,035,321 5,561,051
Cash at the end of the year 5,032,890 3,035,321
Cash paid during the year for:    
Interest 261,703 7,987
Income taxes 668,790 683,350
NON-CASH TRANSACTION OF INVESTING AND FINANCING ACTIVITIES    
Assignment of an amount due from a director, Mr. Teck Lim Chia (“Mr. Chia”), to a related party, controlled by Mr. Chia 513,055
Operating lease right-of-use asset and lease liability $ 370,439