XML 82 R22.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
SHORT-TERM AND LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
SCHEDULE OF SHORT-TERM DEBT

The short-term debt balances were as follows:

 

  

March 31, 2024

(Unaudited)

   December 31, 2023
(Unaudited)
 
         
Loan from Shanghai Bank at 1%-3.06% interest rate per annum. Due in January 2024 and July 2024.        88,032 
Loan from Shanghai Bank at 1%-3.06% interest rate per annum. Due in January 2024 and July 2024.        88,032 
Loan from HuaNam Bank at 3.44% interest rate per annum. Due in May 2024.   93,920    97,777 
Loan from ChangHwa Bank at 3% interest rate per annum. Due in November 2024.   156,534    162,962 
Loan Agreement with Shanghai Bank at 2.94% interest rate per annum due September 2023.        - 
Balance at end of period  $250,454   $348,771 
SCHEDULE OF LONG-TERM DEBT

Long-term debt balances were as follows:

 

  

March 31, 2024

(Unaudited)

   December 31, 2023
(Unaudited)
 
         
Loans from Shanghai Bank with interest rates 2.09% per annum due January 2029   605,284    - 
Loans from Shanghai Bank with interest rates 2.09% per annum due January 2029   605,284    - 
           
Current Portion of Long-term debt   (125,227)     
           
Balance at end of period  $480,036   $- 
SCHEDULE OF LONG TERM DEBT MATURITIES

 

Annual maturities of long-term debt during the next five years are as follows:  Amount Maturity 
2025  $125,227 
2026   125,227 
2027   125,227 
2028   125,227 
2029   10,434 
Thereafter   0 
Total  $511,342