XML 90 R71.htm IDEA: XBRL DOCUMENT v3.22.1
CREDIT FACILITIES (Details) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Short-term Debt [Line Items]    
Short-term bank loans $ 860,915 $ 4,623,540
Industrial Bank [Member]    
Short-term Debt [Line Items]    
Bank Name Industrial Bank  
Maturities [1] October 2014  
Interest rate 7.50%  
Collateral/ Guarantee Guarantee by 26 property rights  
Short-term bank loans $ 860,915
IndustrialBank1Member    
Short-term Debt [Line Items]    
Bank Name Industrial Bank  
Maturities December 2020  
Interest rate 5.88%  
Collateral/ Guarantee Guarantee by Xiaodong Chen and Juanjuan Cai  
Short-term bank loans 766,295
IndustrialBank2Member    
Short-term Debt [Line Items]    
Bank Name Industrial Bank  
Maturities December 2020  
Interest rate 5.88%  
Collateral/ Guarantee Guarantee by PICC Property and Casualty Company Limited Xiamen Branch, Xiaodong Chen and Juanjuan Cai  
Short-term bank loans 459,777
IndustrialBank3Member    
Short-term Debt [Line Items]    
Bank Name Industrial Bank  
Maturities December 2020  
Interest rate 5.88%  
Collateral/ Guarantee Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai  
Short-term bank loans 398,474
China Rich Finance Limited [Member]    
Short-term Debt [Line Items]    
Bank Name China Rich Finance Limited  
Maturities May 2021  
Collateral/ Guarantee Guarantee by Fujian Blue Hat Interactive Entertainment Technology Ltd., Pingxiang Blue Hat Technology Co. Ltd. and Xiaodong Chen  
Short-term bank loans $ 2,998,994
Interest rate 23% per annum for first monthly instalment; 12% per annum for 2-6 monthly instalment  
[1] The loan with Industrial bank was overdue, the case is under litigation, and the court has ordered the Company to repay the loan. Industrial bank has the right to receive the proceeds from the auction of the 26 properties.