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v3.23.3

Related party balances and transactions (Tables) | 6 Months Ended
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Jun. 30, 2023
Related Party Transactions [Abstract] |
Schedule of bank loans |
Schedule of bank loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank Name |  | Maturities |  | Interest rate |  | Collateral/Guarantee |  | As of June 30, 2022 |  | As of December 31, 2022
Bank of Beijing |  |  | March 2023 |  |  |  | 4.8% - 5.0 | % |  | Guarantee by Beijing SMEs Credit Re-guarantee Co., Ltd* |  | $ | — |  |  | $ | 2,899,728 |
BOC Fullerton Bank |  |  | February 2024 (4) |  |  |  | 8.5 | % |  | *** |  |  | 67,484 |  |  |  | 121,634 |
China Merchants Bank |  |  | March 2023 (5) |  |  |  | 4.3 | % |  | Guarantee by Beijing Zhong Guan Chun Technology Finance Guarantee Co., ** |  |  | — |  |  |  | 434,959 |
China Construction Bank |  |  | August 2023 |  |  |  | 4.1 | % |  | **** |  |  | 68,953 |  |  |  | 74,523 |
Total |  |  |  |  |  |  |  |  |  |  |  | $ | 136,437 |  |  | $ | 3,530,844 |
* | Beijing SMEs Credit Re-guarantee Co., Ltd is a financial services company and provides credit re-guarantee business and short-term capital operation to small and medium enterprises. In addition, Qing Tang, the spouse of Yimin Wu, the Company’s Chairman of the Board of Directors and Chief Executive Officer, has provided real estate property as collateral of approximately $3.1 million (RMB 20,000,000) with Beijing SMEs Credit Re-guarantee Co., Ltd to secure the guarantee with Bank of Beijing.
** | Beijing Zhong Guan Chun Technology Finance Guarantee Co., Ltd is a financial services company and provides credit guarantee business and short-term capital operation to small business. Yimin Wu also provided a personal guarantee for the loan during the contract period.
*** | Yimin Wu and Qing Tang provided personal guarantees for the loan during the contract period.
**** | Qi Gu was the co-borrower for the loan during the contract period.
Schedule of related parties for discontinued operations |
Schedule of related parties for discontinued operations |  |  |  |  |  |  |  |  |  |
|  |  |  | June 30, |  | December 31,
|  |  |  | 2023 |  | 2022
Ji Meng |  | Director of Purchase Department |  | $ | — |  |  | $ | 10,439 |
Zuogang Luo |  | Vice President |  |  | 13,791 |  |  |  | 19,544 |
Total |  |  |  | $ | 13,791 |  |  | $ | 29,983 |
Due to related parties
|  |  |  | June 30, |  | December 31,
|  |  |  | 2023 |  | 2022
Zhiguo Li |  | Director of Beijing Infobird |  |  | 11,230 |  |  |  | 6,223 |
Ji Meng |  | Director of Purchase Department |  |  | 5,516 |  |  |  | — |
Qi Gu |  | Shareholder of Shanghai Qishuo |  | $ | 2,606 |  |  | $ | 3,030 |
Yimin Wu |  | Director of the Borad and former CEO |  | $ | — |  |  | $ | 36,664 |
Weimin Wu |  | Brother of Yimin Wu |  | $ | — |  |  | $ | 4,619 |
Shengmin Wu |  | Director of Guiyang Infobird |  |  | — |  |  |  | 3,135 |
Total |  |  |  | $ | 19,352 |  |  | $ | 53,671 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, 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 No definition available. + Details
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