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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 10 – 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 $87,927 for five years from January 1, 2023 to December 31, 2027. The expense associated with this agreement for the year ended December 31, 2024 was $87,821. The expense associated with this agreement for the year ended December 31, 2023 was $88,049. NOTE 10 – RELATED PARTY TRANSACTIONS – Continued a) Related parties
Name of related parties | Position
Yang Ming | Shareholder
LiuXiaoBin | Chief Executive Officer
LiMin | Chief Financial Officer
MiaoNaiHui | Chief Operating Officer
Chengdu Dianjinshi Culture media Co., LTD | Affiliated with company officers
b)
|  | December 31, 2024 |  | December 31, 2023
Amount due to related parties: |  |  |  |  |  |  |  |
Yang Ming |  | $ | 410,350 |  |  | $ | 416,484 |
LiuXiaoBin |  |  | 887,214 |  |  |  | 887,214 |
LiMin |  |  | 636,264 |  |  |  | 641,480 |
MiaoNaiHui |  |  | 650,980 |  |  |  | 641,480 |
Total |  |  | 2,584,808 |  |  |  | 2,586,658 |
c)
|  | December 31, 2024 |  | December 31, 2023
Due from related party: |  |  |  |  |  |  |  |
Chengdu Dianjinshi Culture media Co., LTD |  | $ | 25,040 |  |  |  | — |
Total |  | $ | 25,040 |  |  | $ | — |

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