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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2023
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 9 – RELATED PARTY TRANSACTIONS On September 25, 2012, the Company purchased five floors of a commercial building in the PRC, through SYCI, from Shandong Shouguang Vegetable Seed Industry Group Co., Ltd. (the “Seller”) at a cost of approximately $5.7 million in cash, of which Mr. Ming Yang, the Chairman of the Company, had a 99% equity interest in the Seller that time. During the first quarter of 2018, the Company entered into an agreement with the Seller, a related party, to provide property management services for an annual amount of approximately $90,785 for five years from January 1, 2023 to December 31, 2027. The expense associated with this agreement for the year ended December 31, 2023 was $88,049. The expense associated with this agreement for the year ended December 31, 2022 was $92,168. NOTE 9 – RELATED PARTY TRANSACTIONS – Continued
| a) | Related parties
Name of related parties | Position
YangMing | Chairman Of the Board
LiuXiaoBin | Chief Executive Officer
LiMin | Chief Financial Officer
MiaoNaiHui | Chief Operating Officer
b)
|  | December 31, |  | December 31,
|  | 2023 |  | 2022
Amount due to related parties: |  |  |  |  |  |  |  |
YangMing |  | $ | 416,484 |  |  | $ | 423,534 |
LiuXiaoBin |  |  | 887,214 |  |  |  | 887,214 |
LiMin |  |  | 641,480 |  |  |  | 647,473 |
MiaoNaiHui |  |  | 641,480 |  |  |  | 647,473 |
Total |  | $ | 2,586,658 |  |  | $ | 2,605,694 |
The Company repurchased 80,000 shares respectively, valued from each of CEO Xiaobin Liu, COO Naihui Miao, and CFO Min Li in a privately negotiated transaction based on the closing price of the stock of $3.5931 per share on November 30, 2022.

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