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LOAN RECEIVABLES (Tables)
9 Months Ended
Sep. 30, 2021
Loans Receivable  
Schedule of the loan agreements in loan receivables balance

The following table sets forth a summary of the loan agreements in loan receivables balance:

Amount in

    

    

    

Original

    

Outstanding

    

Reporting

    

Annual

    

Amount

Balance

Currency

Interest

Repayment

Date

    

Borrower

    

Lender

    

(RMB)

    

(RMB)

    

(USD)

    

Rate

    

Due Date

7/18/2019

 

Chongqing Aoge Import and Export Co.

 

Tianjin Takung

 

5,000,000

 

5,000,000

$

775,988

 

0

%  

4/1/2022

8/29/2019

 

Chongqing Aoge Import and Export Co.

 

Tianjin Takung

 

5,000,000

 

5,000,000

$

775,988

 

0

%  

4/1/2022

9/20/2019

 

Chongqing Aoge Import and Export Co.

 

Tianjin Takung

 

4,000,000

 

4,000,000

$

620,790

 

0

%  

4/1/2022

 

  

 

  

 

Total

 

  

$

2,172,766