Credit facilities (Tables)

12 Months Ended

Dec. 31, 2021

Credit Facilities

Schedule of outstanding balances on short-term bank loans

Institute			Interest			Collateral/ December 31,			December 31,
name	Maturities		rate			Guarantee	2021		2020
Industrial Bank		October 2014*		7.5	%	Guarantee by 26 property rights	$	860,915	$	—
Industrial Bank		December 2020		5.88	%	Guarantee by Xiaodong Chen and Juanjuan Cai		—		766,295
Industrial Bank		December 2020		5.88	%	Guarantee by PICC Property and Casualty Company Limited Xiamen Branch, Xiaodong Chen and Juanjuan Cai		—		459,777
Industrial Bank		December 2020		5.88	%	Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai		—		398,474
China Rich Finance Limited		May 2021		23% per annum for first monthly instalment; 12% per annum for 2-6 monthly instalment		Guarantee by Fujian Blue Hat Interactive Entertainment Technology Ltd., Pingxiang Blue Hat Technology Co. Ltd. and Xiaodong Chen		—		2,998,994
Total							$	860,915	$	4,623,540

Schedule of outstanding balances on long-term third party loans

		Weighted
		Average			Collateral/		December 31,		December 31,
Lender Name	Maturities	Interest Rate			Guarantee		2021		2020
Volkswagen Finance (China) Co. Ltd.	Due monthly until March 2021		4.06	%		Automobiles	$	—	$	14,117
Total							$	—	$	14,117

Long term loans — banks

Outstanding balances on long-term third party loans consisted of the following:

			Interest			Collateral/	December 31,		December 31,
Institute name	Maturities		rate			Guarantee	2021		2020
Industrial Bank		February 2023		6.583	%	Guarantee by		517,590		505,755
						14 property rights
Total							$	517,590	$	505,755