OPERATING LEASE (Tables)

3 Months Ended

Mar. 31, 2022

Operating Lease

SCHEDULE OF DETAILS OF LEASE TERM

The details lease terms are shown as followings:

Lease agreement	Expiry Date	Original Lease Term	The Remaining Lease Term
1st Beijing office rent	Dec 9, 2023	2.67 years	1.67 years
2nd Beijing office rent	Oct 22, 2022	1 years	0.58 years
3rd Changsha office rent	Nov 15, 2020	3 years	Month by month

SCHEDULE OF LEASE COST AND OTHER INFORMATION RELATED TO OPERATING LEASES

For three months ended March 31, 2022 and 2021, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows:

	Three months ended March 31,
	2022			2021
		(Unaudited)			(Unaudited)
Lease Cost
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)	$	47,833		$	14,675
Other Information
Cash paid for amounts included in the measurement of lease liabilities for the first quarter of the year	$	49,226		$	14,728
Weighted average remaining lease term – operating leases (in years)		1.67			2.58
Average discount rate – operating leases		4.35	%		4.35	%

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

The supplemental balance sheet information related to leases for the period is as follows:

Operating leases
Operating right-of-use assets	$	306,846	$	465,102
Total operating right-of-use assets	$	306,846	$	465,102
Operating lease liabilities- current portion	$	187,359	$	123,500
Operating lease liabilities- non-current portion		121,654		345,401
Total operating lease liabilities	$	309,013	$	468,901

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of the Company’s lease liabilities are as follows:

Period ending March 31,
2022	$	197,127
2023		124,299
Total lease payments		321,426
Less: Imputed interest/present value discount		(12,413	)
Present value of lease liabilities	$	309,013