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Loans from Third Parties | 6 Months Ended
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Jun. 30, 2022
Loans From Third Parties Disclosure[Abstract] |
LOANS FROM THIRD PARTIES | NOTE 13 – LOANS FROM THIRD PARTIES
Loans from third parties |  | June 30 2022 |  |  | December 31, 2021 |
Sanya Guohong Municipal Projects Construction Co., Ltd. |  | $ |  |  |  | $ | 627,600 |
Changshu Tongjiang Engineering Co., Ltd. |  |  | 134,370 |  |  |  | 219,660 |
Zhang Miao |  |  | 149,300 |  |  |  | 156,900 |
Pen Jing |  |  |  |  |  |  | 156,900 |
Chen Guo |  |  | 63,182 |  |  |  | 66,399 |
Chai Guirong |  |  | 149,300 |  |  |  | 313,800 |
Hainan Boxinda Science Technology Partnership |  |  |  |  |  |  | 52,718 |
Xu Liming |  |  |  |  |  |  | 14,930 |
Total |  | $ | 511,082 |  |  | $ | 1,593,977 |
On May 9, 2021, Beijing REIT obtained a working capital loan of $766,500 from Sanya Guohong Municipal Projects Construction Co., Ltd. The loan was from May 9, 2021 to May 8, 2022 and interest-free. After partial repayment, the loan has been full paid as of June 30, 2022. On July 29, 2021, Beijing REIT obtained a working capital loan of $219,660 from Changshu Tongjiang Engineering Co., Ltd. The loan is from July 29, 2021 to July 28, 2022 and interest-free. After partial repayment, the loan balance was $134,370 as of June 30, 2022. On February 8, 2021, Beijing REIT obtained a working capital loan of $156,900 from Zhang Miao. The loan is from February 8, 2021 to February 7, 2022 and interest-free. After partial repayment, the loan balance was $149,300 as of June 30, 2022. On August 1, 2021, Hainan Yile IoT obtained a working capital loan of $156,900 from Pen Jing. The loan is from August 1, 2021 to January 31, 2022 and bears an annual interest of 1%. After partial repayment, the loan has been full paid as of June 30, 2022. On October 21, 2021, Hainan Yile IoT obtained a working capital loan of $66,399 from Chen Guo. The loan is from October 21, 2020 to January 20, 2022 and bears an annual interest of 1%. After partial repayment, the loan balance was $63,182 as of June 30, 2022. On August 2, 2021, Hainan Yile IoT obtained a working capital loan of $313,800 from Chai Guirong. The loan is due on demand and bears an annual interest of 1%. After partial repayment, the loan balance was $144,930 as of June 30, 2022. On July 4, 2021, IoV Technology Research obtained a working capital loan of $52,718 from Hainan Boxinda Science Technology Partnership. The loan is from July 4, 2021 to July 3, 2022 and interest-free. After partial repayment, the loan has been full paid as of June 30, 2022. On February 23, 2021, Xinyi REIT obtained a working capital loan of $14,930 from Xu Liming. The loan is from February 23, 2022 to February 22, 2023 and interest-free.

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