Related Party Balances and Transactions

12 Months Ended

Dec. 31, 2024

Related Party Balances and Transactions [Abstract]

Related party balances and transactions

Note 10 — 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
Guangzhou Jiatu Culture Media Co., Ltd. (1)	The Group has significant influence over with this entity
Hong Yu	shareholder of Zhixin
Shanghai Stamp Technology Co., Ltd.	The Group owns equity interest
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

(1) On June 2, 2022, the Group’s CFO sold the equity interest in Jiatu Culture Media Co., Ltd., so Jiatu Culture Media Co., Ltd. no longer considered as a related party.

Due from related parties ⁽¹⁾

	As of December 31,
	2024		2023
Ban Lor	$	13,700	$	17,155
Stewart Lor		348,714		452,598
Yuxia Xu		60,700		207,236
Phillip Tao Qiu		470,931		600,000
Xiaoyan Liu		3,370		87,990
Subtotal	$	897,415	$	1,364,979

(1) From time to time, the Group advances funds to senior management, mainly for expanding oversea business purpose.

Due to related parties ⁽¹⁾

	As of December 31,
	2024		2023
Shanghai Yue See cultural development Co., LTD	$	-	$	39,985
Zhongchuan Dadi (Beijing) Technology Co., LTD		218		223
Subtotal	$	218	$	40,208

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

Related party transactions

		For the years ended
		2024		2023		2022
Guangzhou Jiatu Culture Media Co., Ltd.	Service fees	$	-	$	-	$	62,667
Stewart Lor	Interest income	$	16,094	$	50,663	$	117,569
Yuxia Xu	Interest income	$	-	$	16,778	$	22,802
Shanghai Stamp Technology Co., Ltd.	Interest income	$	-	$	-	$	1,771
Shanghai Yue See cultural development Co., LTD	Service revenue	$	-	$	4,195	$	-