OPERATING LEASE (Tables)

6 Months Ended

Jun. 30, 2023

Defined Benefit Plan Disclosure [Line Items]

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	0.42 year
2nd Changsha office rent, related party	Aug 1, 2023	1 year	0.08 year
3rd Beijing office rent, related party	Dec 31, 2023	1 year	0.50 year
4th Changsha office rent, related party	Dec 31, 2024	2 years	1.50 years

SCHEDULE OF LEASE COST AND OTHER INFORMATION RELATED TO OPERATING LEASES RELATED PARTY

For the six months ended June 30, 2023 and 2022, the Company has incurred non-related party’s rent expenses solely for the office premises on a monthly basis as follows:

	Six months ended June 30,
	2023			2022
	(Unaudited)			(Unaudited)
Lease Cost, non-related party
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)	$	87,722		$	93,783
Other Information, non-related party
Cash paid for amounts included in the measurement of lease liabilities	$	90,275		$	96,513
Weighted average remaining lease term – operating leases (in years)		0.42			1.42
Average discount rate – operating leases		4.35	%		4.35	%

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES RELATED PARTY

The supplemental balance sheet information related to non-related party’s leases as of June 30, 2023 and December 31, 2022 is as follows:

	As of
	June 30, 2023		December 31, 2022
	(Unaudited)		(Audited)
Operating leases, non-related party
Operating right-of-use assets, non-related party	$	96,393	$	181,520
Total operating right-of-use assets, non-related party	$	96,393	$	181,520
Operating lease liabilities, non-related party - current portion	$	64,917	$	156,015
Total operating lease liabilities, non-related party	$	64,917	$	156,015

SCHEDULE OF MATURITIES OF LEASE LIABILITIES RELATED PARTY

Maturities of the Company’s lease liabilities of non-related party are as follows:

Period ending June 30,
2023 (non-related party)	$	65,580
2024 (non-related party)		-
Total lease payments (non-related party)		65,580
Less: Imputed interest/present value discount		(663	)
Present value of lease liabilities (non-related party)	$	64,917

Related Party [Member]

Defined Benefit Plan Disclosure [Line Items]

SCHEDULE OF LEASE COST AND OTHER INFORMATION RELATED TO OPERATING LEASES RELATED PARTY

For the six months ended June 30, 2023 and 2022, the Company has incurred related party’s rent expenses solely for the office premises on a monthly basis as follows:

	Six months ended June 30,
	2023			2022
	(Unaudited)			(Unaudited)
Lease Cost, related party
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)	$	8,244		$	-
Other Information, related party
Cash paid for amounts included in the measurement of lease liabilities	$	-		$	-
Weighted average remaining lease term – operating leases (in years)		1.50			-
Average discount rate – operating leases		4.35	%		-

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES RELATED PARTY

The supplemental balance sheet information related to related party’s leases as of June 30, 2023 and December 31, 2022 is as follows:

	As of
	June 30, 2023		December 31, 2022
	(Unaudited)		(Unaudited)
Operating leases, related party
Operating right-of-use assets, related party	$	31,366	$	-
Total operating right-of-use assets, related party	$	31,366	$	-
Operating lease liabilities, related party - current portion	$	31,501	$	-
Operating lease liabilities, related party – non-current portion		10,683
Total operating lease liabilities, related party	$	42,184	$	-

SCHEDULE OF MATURITIES OF LEASE LIABILITIES RELATED PARTY

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

Period ending June 30,
2023 (related party)	$	32,457
2024 (related party)		10,819
Total lease payments (related party)		43,276
Less: Imputed interest/present value discount		(1,092	)
Present value of lease liabilities (related party)	$	42,184