PREPAYMENTS AND OTHER CURRENT ASSETS

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Prepayments And Other Current Assets

PREPAYMENTS AND OTHER CURRENT ASSETS

NOTE 2 – PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following as of September 30, 2022 and December 31, 2021:

	September 30, 2022		December 31, 2021
Prepayments (including $1,957,201 and $1,813,904 to related parties as of September 30, 2022 and December 31, 2021, respectively)	$	2,484,824	$	2,169,095
Other current assets		22,680		7,618
Prepayments and other current assets	$	2,507,504	$	2,176,713

Balance of prepayments represented the advanced payments to suppliers including related party suppliers.

NOTE 4 – PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following as of December 31, 2021 and 2020:

	2021		2020
Prepayments (including $1,813,904 and $298,383 to related parties as of December 31, 2021 and 2020, respectively)	$	2,169,095	$	376,746
Other current assets		7,618		7,062
Prepayments and other current assets	$	2,176,713	$	383,808

Balance of prepayments represented the advanced payments to suppliers including related party suppliers.