XML 51 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

Note 16 - COMMITMENTS AND CONTINGENCIES

 

(a) Commitment

 

The Company has following commercial commitments:

 

   Total   Less than
1 year		   1-3 years   3-5 years   More than
5 years		 
Leases  $605,437   $202,677   $402,760   $   -   $- 

 

(b) Contingencies

 

The Company incurred a contractual dispute on and around December 2021, where RMB500,000, approximately $78,461 of cash was frozen, but the counterparty voluntarily withdrew the case in December 2021 and reached a settlement with Tiancheng Jinhui. Tiancheng Jinhui made a payment of RMB400,000, approximately $62,769 to the counterparty in December 2021. As such, there were no contingent liabilities as of December 31, 2022 and 2021.