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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2021
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS The related party transactions are summarized as follows: SCHEDULE OF REVENUES FROM RELATED PARTY TRANSACTIONS
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
|  | US$ |  |  | US$ |
Revenues resulting from related parties: |  |  |  |  |  |  |  |
Sales to Chengdu Wetouch Technology Co., Ltd (“Chengdu Wetouch”) |  |  | 10,483 |  |  |  | - |
Sales to Meishan Wetouch Electronics Technology Co., Ltd. (“Meishan Wetouch”) |  |  | 87,367 |  |  |  | - |
Total revenue |  | $ | 97,850 |  |  | $ | - |
The Company sells capacitive touchscreens to Chengdu Wetouch and Meishan Wetouch from time to time. There are no written agreements between the Company and Meishan Wetouch. Mr. Guangde Cai, Chairman and director of the Company and our indirect majority shareholder, owns 94% and 95% of Chengdu Wetouch and Meishan Wetouch, respectively. SCHEDULE OF RELATED PARTY TRANSACTIONS Amounts due from related parties are as follows:
Amounts due from related parties |  | Relationship |  | December 31, 2021 |  |  | December 31, 2020 |  |  | Note
Vision Touch Technology AG |  | 100% owned by Mr. Yong Yang, Sales Director of Sichuan Wetouch |  | $ | - |  |  | $ | 76,619 |  |  | Operating expense paid on behalf of the related party/Company
Amounts due to related parties are as follows:
|  | Relationship |  | December 31, 2021 |  |  | December 31, 2020 |  |  | Note
Chengdu Wetouch Technology Co., Ltd (“Chengdu Wetouch”) |  | 94% owned by Mr. Guangde Cai & 2% by Mr. Shengyong Li |  | $ | - |  |  | $ | 134,616 |  |  | Operating expense paid on behalf of the Company
Meishan Vtouch Electronics Technology Co., Ltd. |  | 95% owned by Mr. Guangde Cai and 5% by Chengdu Wetouch |  |  | - |  |  |  | 68,402 |  |  | Operating expense paid on behalf of the Company
Chengdu Vtouch Intelligence Science & Technology Co., Ltd. |  | 100% owned by HK Vtouch Holding Group Co., Ltd. |  |  | - |  |  |  | - |  |  | Operating expenses paid on behalf of the Company
Mr. Zongyi Lian |  | President and CEO of the Company |  |  | 1,802 |  |  |  | - |  |  | Payable to employee
Mr. Guangde Cai |  | Chairman of the Company |  |  | 32,867 |  |  |  | 326,042 |  |  | Payable to employee
Total |  |  |  | $ | 34,669 |  |  | $ | 529,060 |  |  |

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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