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Revenue
 12 Months Ended
Dec. 31, 2021
Revenue [Abstract]  
REVENUE
4. REVENUE

 

  For the years ended
December 31,		  
Revenue   2021     2020  
Product sales   $ 11,381,616     $ 1,194,427  
Franchise fees and income     848,429      
-
  
Revenues from transactions with franchisees     25,163,757      
-
  
    $ 37,393,802     $ 1,194,427  

 

    As of
December 31,		  
Contract liabilities   2021     2020  
Deferred revenue related to prepaid coffee and wine products   $ 20,881     $ 27,648  
Deferred revenue related to upfront franchise fees     716,634      
-
  
    $ 737,515     $ 27,648  

 

Contract liabilities primarily consist of deferred revenue related to prepaid coffee and wine products and upfront franchise fees. Deferred revenue related to prepaid wine products represents advance from franchisees for future supply of products which is expected to recognize as revenue in the next 12 months. Deferred revenue related to upfront franchise fees represents the training service to be delivered over the term of franchise agreement that as of December 31, 2021, the Company expects to recognize as revenue of $221,831 within the next 12 months.

 

The Company has elected, as a practical expedient, not to disclose the value of remaining performance obligations associated with the franchise agreement in exchange for franchise right and related training services. The remaining duration of the performance obligation is the remaining contractual term of each franchise agreement. Revenue from training services provided to franchisees is recognized upon the conduct and delivery of training.