PREPAYMENT AND OTHER CURRENT ASSETS, NET

9 Months Ended

Sep. 30, 2021

PREPAYMENT AND OTHER CURRENT ASSETS, NET

PREPAYMENT AND OTHER CURRENT ASSETS, NET

5. PREPAYMENT AND OTHER CURRENT ASSETS, NET

Prepayment and other current assets mainly consist of the prepaid tax, prepaid service fees, as well as staff advance.

	September 30,		December 31,
	2021		2020
	(Unaudited)
Prepaid tax	$	26,341	$	32,262
Prepaid service fees		335,200		202,647
Prepaid rent		150,347		—
Staff advance		—		2,299
Deposit		—		35,879
Other current assets		776		6,300
Less: allowance for doubtful accounts		—		—
Prepayment and other current assets, net	$	512,664	$	279,387

No provision for doubtful accounts was recognized for the three and nine months ended September 30, 2021 and 2020, respectively.