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INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2022
INTANGIBLE ASSETS, NET [Abstract]  
Intangible Assets, Net

Intangible assets, net consisted of the following:


   
December 31,
2022
   
December 31,
2021
 
At cost:
           
Land use right (1)
 
$
4,605,738
   
$
-
 
Software
   
119,550
     
129,392
 
Total
   
4,725,288
     
129,392
 
Less: accumulated amortization
   
(161,496
)
   
(126,079
)
Intangible assets, net
 
$
4,563,792
   
$
3,313
 


(1)
On April 4, 2022, the Company entered an agreement with Zhejiang HPWINNER Scientific Company Limited to acquire its land use right, with an area of 56,302 square meters with a useful life of 45.75 years and the total consideration of RMB31,766,697 (approximately $4,605,738).