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Prepaid Expenses and Other Current Assets, Net | 12 Months Ended
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Dec. 31, 2023
Prepaid Expenses and Other Current Assets, Net [Abstract] |
PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET | 5. PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET Prepaid expenses and other current assets consisted of the following:
|  | As of |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | US$ |
Advanced to suppliers (a) |  |  | 2,222,046 |  |  |  | 1,602,310 |  |  |  | 226,229 |
Tax refund (b) |  |  | 1,924,536 |  |  |  | - |  |  |  | - |
Deposits (c) |  |  | 6,238,305 |  |  |  | 9,644,591 |  |  |  | 1,361,711 |
Tax/expenses paid on behalf of clients |  |  | 413,304 |  |  |  | 3,182,361 |  |  |  | 449,315 |
Loan & interest receivable (d) |  |  | - |  |  |  | 3,845,273 |  |  |  | 542,911 |
Other receivables (e) |  |  | 1,650,503 |  |  |  | 3,212,790 |  |  |  | 453,610 |
|  |  | 12,448,694 |  |  |  | 21,487,325 |  |  |  | 3,033,776 |
Allowance for credit losses related to prepaid expenses and other current assets |  |  | (237,704 | ) |  |  | (8,973,447 | ) |  |  | (1,266,953 | )
Total prepaid expenses and other receivables, net |  |  | 12,210,990 |  |  |  | 12,513,878 |  |  |  | 1,766,823 |
| (a) | The balance mainly represents the advance payments made chartered airlines freight services and rent.
| (b) | The balance mainly represents the tax refund JYD SM entitled from international trading business. The Group has recorded full allowance for the portion with doubt of collection.
| (c) | The balance mainly represents the current operational deposits for lease and cargo space reservation to vendors.
| (d) | The balance represents the principal and interests of the loan to Shenzhen Expecs Technology Co., Ltd. Refer to Note 8 for details.
| (e) | The balance mainly represents the prepaid taxes and some advances to employees.
The movement of allowance of doubtful accounts is as follows:
|  | As of |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | US$ |
Beginning balance |  |  | 4,744,565 |  |  |  | 237,704 |  |  |  | 33,561 |
Addition |  |  | 237,704 |  |  |  | 8,761,236 |  |  |  | 1,236,992 |
Write off |  |  | (4,744,565 | ) |  |  | (25,493 | ) |  |  | (3,600 | )
Ending balance |  |  | 237,704 |  |  |  | 8,973,447 |  |  |  | 1,266,953 |
The Group recorded bad debt expenses of nil, RMB237,704 and RMB8,761,236 (US$1,236,992) for the years ended December 31, 2021, 2022 and 2023, respectively. For the year ended December 31, 2021, 2022 and 2023, the Group had write off nil, RMB4,744,565 and RMB25,493(US$3,600) in bad debt, respectively.

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