Related Party Balances and Transactions

6 Months Ended

Jun. 30, 2024

Related Party Balances and Transactions [Abstract]

Related party balances and transactions

Note 7 — Related party balances and transactions

The relationship of related parties

Name of Related Party	Relationship to the Group
Stewart Lor	CEO
Ban Lor	Co-founder, CEO’s brother
Yuxia Xu	CFO
Phillip Tao Qiu	Independent Director
Xiaoyan Liu	Shareholder of Ascendent
Zhongchuan Dadi (Beijing) Technology Co., LTD	Shareholder of Ascendent
Shanghai Yue See cultural development Co., LTD	Shareholder of Metafusion

Due from related parties*

	June 30, 2024		December 31, 2023
Ban Lor	$	19,265	$	17,155
Stewart Lor		469,030		452,598
Yuxia Xu		434,561		207,236
Phillip Tao Qiu		600,000		600,000
Xiaoyan Liu		75,628		87,990
Subtotal	$	1,598,484	$	1,364,979

(*) From time to time, the Group advances funds to senior management for business purpose.

Due to related parties*

	June 30, 2024		December 31, 2023
Shanghai Yue See cultural development Co., LTD	$	39,064	$	39,985
Zhongchuan Dadi (Beijing) Technology Co., LTD		219		223
Subtotal	$	39,283	$	40,208

(*) The above balances represent unpaid loan and expenses to these related parties.

Related party transactions

		For the six months ended June 30,
		2024		2023
Stewart Lor	Interest income	$	8,003	$	37,620
Yuxia Xu	Interest income	$	6,998	$	10,037
Shanghai Yue See cultural development Co., LTD	Service revenue	$	-	$	4,287