OPERATING LEASE (Tables)

9 Months Ended

Sep. 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	0.17 year
2nd Changsha office rent, related party	Aug 1, 2023	1 year	zero year
3rd Beijing office rent, related party	Dec 31, 2023	1 year	0.25 year
4th Changsha office rent, related party	Dec 31, 2024	2 years	1.25 years
5th Changsha office rent, related party	Aug 1, 2024	1 year	0.83 year

SCHEDULE OF LEASE COST AND OTHER INFORMATION RELATED TO OPERATING LEASES

For the nine months ended September 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:

	Nine months ended September 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)	$	129,638		$	138,069
Other Information, non-related party
Cash paid for amounts included in the measurement of lease liabilities	$	133,221		$	142,088
Weighted average remaining lease term – operating leases (in years)		0.17			1.17
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 non-related party’s leases as of September 30, 2023 and December 31, 2022 is as follows:

	As of
	September 30, 2023		December 31, 2022
	(Unaudited)		(Audited)
Operating leases, non-related party
Operating right-of-use assets, non-related party	$	55,009	$	181,520
Total operating right-of-use assets, non-related party	$	55,009	$	181,520
Operating lease liabilities, non-related party - current portion	$	22,504	$	156,015
Total operating lease liabilities, non-related party	$	22,504	$	156,015

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

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

Period ending September 30,
2023 (non-related party)	$	22,614
2024 (non-related party)		-
Total lease payments (non-related party)		22,614
Less: Imputed interest/present value discount		(110	)
Present value of lease liabilities (non-related party)	$	22,504

Related Party [Member]

Defined Benefit Plan Disclosure [Line Items]

SCHEDULE OF LEASE COST AND OTHER INFORMATION RELATED TO OPERATING LEASES

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

	Nine months ended September 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)	$	20,593		$	-
Other Information, related party
Cash paid for amounts included in the measurement of lease liabilities	$	-		$	-
Weighted average remaining lease term – operating leases (in years)		1.25			-
Average discount rate – operating leases		4.35	%		-

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

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

	As of
	September 30, 2023		December 31, 2022
	(Unaudited)		(Unaudited)
Operating leases, related party
Operating right-of-use assets, related party	$	26,200	$	-
Total operating right-of-use assets, related party	$	26,200	$	-
Operating lease liabilities, related party - current portion	$	37,025	$	-
Operating lease liabilities, related party – non-current portion		5,354
Total operating lease liabilities, related party	$	42,379	$	-

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

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

Period ending September 30,
2023 (related party)	$	37,753
2024 (related party)		5,393
Total lease payments (related party)		43,146
Less: Imputed interest/present value discount		(767	)
Present value of lease liabilities (related party)	$	42,379