Related Party Transactions	6 Months Ended
Jun. 30, 2021
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 June 30, 2021 and December 31, 2020 which are 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 June 30, 2021 and 2020 was $3,386 and $3,386, respectively and $6,773 and $6,773 for the six months ended June 30, 2021, respectively. Compensation and interest payable to the board member is included in Other payables in the accompanying condensed consolidated balance sheet totaling $397,259 and $382,486 as of June 30, 2021 and December 31, 2020, respectively. The Company received advances totaling $917,827 and repaid $251,861 of the advances during the six months ended June 30, 2021 from its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. Total amounts owed were $1,469,452 and $779,861 and are recorded as Borrowings from related parties on the accompanying condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020, 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 is payable within one year of the loan agreement. The due date of the loan agreement was extended to July 10, 2021 and further extended to July 9, 2022 on identical terms. Total interest expense related to the loan for the three months ended June 30, 2021 and 2020 was $7,539 and $7,433, respectively and $15,050 and $14,754 for the six months ended June 30, 2021 and 2020, 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 $1,820,528 and $1,815,990 as of June 30, 2021 and December 31, 2020, respectively.

Related Party Transactions

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020 which are 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 June 30, 2021 and 2020 was $3,386 and $3,386, respectively and $6,773 and $6,773 for the six months ended June 30, 2021, respectively. Compensation and interest payable to the board member is included in Other payables in the accompanying condensed consolidated balance sheet totaling $397,259 and $382,486 as of June 30, 2021 and December 31, 2020, respectively.

The Company received advances totaling $917,827 and repaid $251,861 of the advances during the six months ended June 30, 2021 from its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. Total amounts owed were $1,469,452 and $779,861 and are recorded as Borrowings from related parties on the accompanying condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020, 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 is payable within one year of the loan agreement. The due date of the loan agreement was extended to July 10, 2021 and further extended to July 9, 2022 on identical terms. Total interest expense related to the loan for the three months ended June 30, 2021 and 2020 was $7,539 and $7,433, respectively and $15,050 and $14,754 for the six months ended June 30, 2021 and 2020, 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 $1,820,528 and $1,815,990 as of June 30, 2021 and December 31, 2020, respectively.