Related Party Transactions	9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS A member of the Company’s board of directors (“Board”) had previously advanced to the Company an aggregate amount of $1,354,567 as of September 30, 2022 and December 31, 2021 which is recorded as “Borrowings from related parties” on the accompanying condensed consolidated balance sheets. The advances bear interest at a rate of 1.0% per year. Total interest expense for each of the three months ended September 30, 2022 and 2021 was $3,387 and $3,387, respectively and $10,159 and $10,159 for the nine months ended September 30, 2022 and 2021, respectively. Compensation and interest payable to the board member is included in Other payables in the accompanying condensed consolidated balance sheet totaling $361,192 and $327,033 as of September 30, 2022 and December 31, 2021, respectively. The Company repaid $227,039 of the advances during the nine months ended September 30, 2022 from its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. Total amounts owed were $1,093,976 and $1,425,123 and are recorded as “Borrowings from related parties” on the accompanying condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively. On July 8, 2019 the Company entered into a loan agreement in exchange for cash of RMB 4,770,000 ($738,379) with its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. The loan bears interest at a rate of 4.35% and was payable within one year of the loan agreement. The due date of the loan agreement has been extended annually on identical terms, and is due July 9, 2023. Total interest expense related to the loan for the three months ended September 30, 2022 and 2021 was $7,371 and $7,526, respectively and $22,114 and $22,576 for the nine months ended September 30, 2022 and 2021, respectively. Compensation payable to the Chairperson, Chief Executive Officer and Interim Chief Financial Officer is included in “Other payables” in the accompanying condensed consolidated balance sheet totaling $727,506 and $715,506 as of September 30, 2022 and December 31, 2021, respectively.

Related Party Transactions

9 Months Ended

Sep. 30, 2022

NOTE 6 – RELATED PARTY TRANSACTIONS

A member of the Company’s board of directors (“Board”) had previously advanced to the Company an aggregate amount of $1,354,567 as of September 30, 2022 and December 31, 2021 which is recorded as “Borrowings from related parties” on the accompanying condensed consolidated balance sheets. The advances bear interest at a rate of 1.0% per year. Total interest expense for each of the three months ended September 30, 2022 and 2021 was $3,387 and $3,387, respectively and $10,159 and $10,159 for the nine months ended September 30, 2022 and 2021, respectively. Compensation and interest payable to the board member is included in Other payables in the accompanying condensed consolidated balance sheet totaling $361,192 and $327,033 as of September 30, 2022 and December 31, 2021, respectively.

The Company repaid $227,039 of the advances during the nine months ended September 30, 2022 from its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. Total amounts owed were $1,093,976 and $1,425,123 and are recorded as “Borrowings from related parties” on the accompanying condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively. On July 8, 2019 the Company entered into a loan agreement in exchange for cash of RMB 4,770,000 ($738,379) with its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. The loan bears interest at a rate of 4.35% and was payable within one year of the loan agreement. The due date of the loan agreement has been extended annually on identical terms, and is due July 9, 2023. Total interest expense related to the loan for the three months ended September 30, 2022 and 2021 was $7,371 and $7,526, respectively and $22,114 and $22,576 for the nine months ended September 30, 2022 and 2021, respectively. Compensation payable to the Chairperson, Chief Executive Officer and Interim Chief Financial Officer is included in “Other payables” in the accompanying condensed consolidated balance sheet totaling $727,506 and $715,506 as of September 30, 2022 and December 31, 2021, respectively.