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CREDIT FACILITIES (Details) - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2020 | Dec. 31, 2019
Short-term bank loans | $ 5,129,295 | $ 5,819,787
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2020 |
Interest rate | 5.88% |
Collateral/ Guarantee | Secured by Xiaodong Chen and Jiajun Cai |
Short-term bank loans | $ 766,295 | 716,723
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2020 |
Interest rate | 5.88% |
Collateral/ Guarantee | Guarantee by Xiaodong Chen and Juanjuan Cai and PICC Proerty and Casuatly Company Limited Xiamen Branch |
Short-term bank loans | $ 459,777 | 430,034
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Dec. 31, 2020 |
Interest rate | 5.88% |
Collateral/ Guarantee | Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai |
Short-term bank loans | $ 398,474 | 372,696
China Rich Finance Limited [Member] |  |
Bank Name | China Rich Finance Limited |
Maturities | May 31, 2021 |
Interest rate | 23.00% |
Collateral/ Guarantee | Guarantee by Fujian Blue Hat Interactive Entertainment Technology Ltd., Pingxiang Blue Hat Technology Co. Ltd., and Xiaodong Chen |
Short-term bank loans | $ 2,998,944 |
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Feb. 28, 2021 |
Interest rate | 6.583% |
Collateral/ Guarantee | Guarantee by 14 property rights |
Short-term bank loans | $ 505,755 |
Industrial Bank [Member] |  |
Bank Name | Industrial Bank |
Maturities | Aug. 31, 2020 |
Interest rate | 4.35% |
Collateral/ Guarantee | Secured by $5 million fixed deposit |
Short-term bank loans |  | $ 4,300,334

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