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The Company has no substantive operations other than holding all of the outstanding share capital of Brilliant Hat Limited (“Blue Hat BVI”) established under the laws of the British Virgin Islands on June 26, 2018.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Blue Hat BVI is also a holding company holding all of the outstanding equity of Blue Hat Interactive Entertainment Technology Limited (“Blue Hat HK”) which was established in Hong Kong on June 26, 2018. Blue Hat HK is also a holding company holding all of the outstanding equity of Xiamen Duwei Consulting Management Co., Ltd. (“Blue Hat WFOE”) which was established on July 26, 2018 under the laws of the People’s Republic of China (“PRC” or “China”) and Fujian Blue Hat Group Co., Ltd (“Blue Hat Group”) which was established on August 23, 2021 under the laws of the PRC.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company, through its variable interest entity (“VIE”), Fujian Blue Hat Interactive Entertainment Technology Ltd. (“Blue Hat Fujian”), a PRC company, and through its wholly owned subsidiaries, including Hunan Engaomei Animation Culture Development Co., Ltd. (“Blue Hat Hunan”) a PRC company, engages in designing, producing, promoting and selling interactive toys with mobile games features, online interactive educational program, original intellectual property and peripheral derivatives features worldwide.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 10, 2018, the Company established its wholly owned subsidiary, Pingxiang Blue Hat Technology Co. Ltd. (“Blue Hat Pingxiang”), a PRC company. Blue Hat Pingxiang also engages in designing, producing, promoting and selling interactive toys with mobile games features, original intellectual property and peripheral derivatives features worldwide.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 2021, the Blue Hat WFOE acquired additional 51.5% of Fujian Youth Hand in Hand Educational Technology Co., Ltd (“Fujian Youth”), and Fujian Youth is owned 48.5% by Blue Hat Fujian. On March 24 2021, a wholly owned subsidiary Fuzhou Qiande Educational Technology Co., Ltd (“Qiande”), a PRC company, was established under Fujian Youth.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 20, 2021 and June 29, 2021, the Company established its wholly owned subsidiaries, Xiamen Bluehat Research Institution of Education Co., Ltd (“Bluehat Research”) and Fujian Lanyun Canghai Technology Co., Ltd (“Fujian Lanyun”), each a PRC company. On November 15, 2021, the Company deregistered Shenyang Qimengxing Trading Co., Ltd.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2021, the Company disposed Xunpusen (Xiamen) Technology Co., Ltd (“Xunpusen”), and Xiamen Jiuqiao Technology Co., Ltd (“Jiuqiao”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">On November 13, 2018, Blue Hat Cayman completed a reorganization of entities under common control of its then existing shareholders, who collectively owned all of the equity interests of Blue Hat Cayman prior to the reorganization. Blue Hat Cayman, Blue Hat BVI, and Blue Hat HK were established as the holding companies of Blue Hat WFOE. Blue Hat WFOE is the primary beneficiary of Blue Hat Fujian and its subsidiaries, and all of these entities included in Blue Hat Cayman are under common control which results in the consolidation of Blue Hat Fujian and subsidiaries which have been accounted for as a reorganization of entities under common control at carrying value. The consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of Blue Hat Cayman.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">On January 25, 2021, Blue Hat Cayman acquired 100% equity interest of Fresh Joy Entertainment Limited (“Fresh Joy”) which was established on January 7, 2020, a limited company established under the laws of the Cayman Islands through its affiliated Hong Kong Xinyou Entertainment Company (“Xinyou Entertainment”) which was established in Hong Kong on August 18, 2020. Xinyou Entertainment is also a holding company holds all the equity of Fujian Xinyou Technology Co., Ltd (“Xinyou Technology”) which was a PRC company established on September 29, 2020. Xinyou Technology signed a series of VIE agreements with its fully owned Fujian Roar Game Technology Co., Ltd (“Fujian Roar Game”), a PRC company established on December 6, 2019, and Fujian Roar Game holds 51% equity of Fuzhou Csfctech Co., Ltd (“Fuzhou CSFC”) and 100% equity of Fuzhou UC71 Co., Ltd (“Fuzhou UC71”), each a PRC company established on August 5, 2011, and October 25, 2016 respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify">On October 17, 2021, the Company deregistered Chongqing Lanhui Technology Co. Ltd. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">The accompanying consolidated financial statements reflect the activities of Blue Hat Cayman and each of the following entities: </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfBusinessActivitiesTableTextBlock_zMr62N6dJBcj" style="font: normal 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)"> <tr style="vertical-align: top"> <td style="text-align: center"><span id="xdx_8BE_zTnpbXUFoArc" style="display: none">Schedule of business activities</span></td> <td> </td> <td id="xdx_48B_eus-gaap--BusinessAcquisitionDescriptionOfAcquiredEntity_zJiUIKKf6OE1" style="padding: 0pt; text-align: center; text-indent: 0pt"> </td> <td> </td> <td id="xdx_48D_eus-gaap--MinorityInterestDescription_zaoVHdXL3Xed" style="text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="width: 24%; text-align: center"><span style="text-decoration: underline; font-family: Times New Roman, Times, Serif; font-size: 10pt">Name</span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; width: 50%; text-align: center; text-indent: 0pt"><span style="text-decoration: underline; font-family: Times New Roman, Times, Serif; font-size: 10pt">Background</span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 20%; text-align: center"><span style="text-decoration: underline; font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership</span></td></tr> <tr id="xdx_416_20210101__20211231__dei--LegalEntityAxis__custom--BrilliantHatLimitedMember_zF0LE7IIlREj" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--BrilliantHatLimitedMember" title="Name">Brilliant Hat Limited </span>     </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A British Virgin Islands company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on June 26, 2018</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ●     A holding company  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41C_20210101__20211231__dei--LegalEntityAxis__custom--BlueHatInteractiveEntertainmentTechnologyLimitedMember_zlRRbDED0NK2" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--BlueHatInteractiveEntertainmentTechnologyLimitedMember" title="Name">Blue Hat Interactive Entertainment Technology Limited</span></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A Hong Kong company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on June 26, 2018</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ●     A holding company</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Brilliant Hat Limited  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_414_20210101__20211231__dei--LegalEntityAxis__custom--XiamenDuweiConsultingManagementCoLtdMember_zwwVlXSvjcn6" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenDuweiConsultingManagementCoLtdMember" title="Name">Xiamen Duwei Consulting Management Co., Ltd.</span>      </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”). </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on July 26, 2018</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $20,000,000 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company.</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology Limited.  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_417_20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatGroupMember_zqR9XFUWN342" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatGroupMember" title="Name">Fujian Blue Hat Group Co. Ltd.</span>    </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on August 23, 2021.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology Limited.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41D_20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatInteractiveEntertainmentTechnologyLtd.Member_zOzThvrgWa69" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatInteractiveEntertainmentTechnologyLtd.Member" title="Name">Fujian Blue Hat Interactive Entertainment Technology Ltd.</span>  </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on January 7, 2010</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $4,697,526 (RMB 31,054,000). </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE of Xiamen Duwei Consulting Management Co., Ltd  </span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: normal 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)"> <tr id="xdx_41A_20210101__20211231__dei--LegalEntityAxis__custom--FujianYouthHandInHandEducationalTechnologyMember_zQizfOpbdm2h" style="vertical-align: top; background-color: #CCEEFF"> <td style="width: 24%"><span id="xdx_903_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianYouthHandInHandEducationalTechnologyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Youth Hand in Hand Educational Technology Co., Ltd.</span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company, acquired on February 2021. </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on September 18, 2017 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $3,106,214 (RMB 20,100,000) </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Educational consulting service and sports related.</span></p></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 20%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">51.5% owned by Xiamen Duwei Consulting Management Co., Ltd. 48.5% owned by Fujian Blue Hat Interactive Technology Co., Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41D_20210101__20211231__dei--LegalEntityAxis__custom--EngaomeiAnimationCultureDevelopmentMember_z4Wm4uEMm26a" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_901_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--EngaomeiAnimationCultureDevelopmentMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Engaomei Animation Culture Development Co., Ltd.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on October 19, 2017</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $302,540 (RMB 2,000,000) </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile games features, original intellectual property and peripheral derivatives features.</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Technology Co., Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_418_20210101__20211231__dei--LegalEntityAxis__custom--PingxiangBlueHatTechnologyCoLtdMember_z6f5ER4mMsW1" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_902_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--PingxiangBlueHatTechnologyCoLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pingxiang Blue Hat Technology Co. Ltd.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on September 10, 2018 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $302,540 (RMB 2,000,000)</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Technology Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_418_20210101__20211231__dei--LegalEntityAxis__custom--XiamenBluehatResearchInstitutionOfEducationMember_z3u7pS6FWTnl" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_907_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenBluehatResearchInstitutionOfEducationMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Xiamen Bluehat Research Institution of Education Co., Ltd</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on February 20, 2021</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Information Technology consulting service  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Technology Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_417_20210101__20211231__dei--LegalEntityAxis__custom--FujianLanyuncanghaiTechnologyMember_zjowpxuS04lg" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianLanyuncanghaiTechnologyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Lanyun Canghai Technology Co., Ltd. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">     </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on June 29, 2021</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Software development, promoting and selling of toys and stationery    </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Entertainment Technology Ltd</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_414_20210101__20211231__dei--LegalEntityAxis__custom--FuzhouQiandeEducationalTechnologyMember_zYQQrnlJO0Q9" style="vertical-align: top; background-color: #CCEEFF"> <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_903_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FuzhouQiandeEducationalTechnologyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fuzhou Qiande Educational Technology Co., Ltd.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on March 24, 2021</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Information Technology consulting service</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Youth Hand in</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hand Educational</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Technology Co., Ltd.</span></p></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41E_20210101__20211231__dei--LegalEntityAxis__custom--FreshJoyEntertainmentLtdMember_zxZ5it73sEz4" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90C_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FreshJoyEntertainmentLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fresh Joy Entertainment Ltd</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A British Virgin Islands company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on January 7, 2020 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41A_20210101__20211231__dei--LegalEntityAxis__custom--HongKongXinyouEntertainmentCompanyMember_zxHoy7vXzMc4" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90F_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--HongKongXinyouEntertainmentCompanyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hong Kong Xinyou Entertainment Company</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A Hong Kong company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on August 18, 2020</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fresh Joy Entertainment Ltd</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41D_20210101__20211231__dei--LegalEntityAxis__custom--FujianXinyouTechnolobyCoLtdMember_zGFbn66ycFjf" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90C_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianXinyouTechnolobyCoLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Xinyou Technology Co., Ltd.   </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”), acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on September 29, 2020</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Hong Kong Xinyou Entertainment Limited.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_414_20210101__20211231__dei--LegalEntityAxis__custom--FujianRoarGameTechnologyCoLtdMember_zv4IxE2ZO7M3" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianRoarGameTechnologyCoLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Roar Game Technology Co. Ltd. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on December 6, 2019 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE of Fujian Xinyou Technology Co., Ltd.  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-left: 0.5in; font-size: 11pt; text-indent: -16.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_419_20210101__20211231__dei--LegalEntityAxis__custom--FuzhouUC71Member_zsV5fUpdndA5" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FuzhouUC71Member" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fuzhou UC71 Co., Ltd. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Incorporated on October 25, 2016 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Registered capital of $1,854,456 (RMB 12,000,000)</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Software development, Information technology consulting service</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Roar Game Technology Co., Ltd  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41E_20210101__20211231__dei--LegalEntityAxis__custom--FuzhouCSFCTECHMember_z7bBr83wP37i" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90B_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FuzhouCSFCTECHMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fuzhou CSFCTECH Co. Ltd.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      A PRC limited liability company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Incorporated on August 5, 2011 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Registered capital of $3,001,159 (RMB 20,000,000)</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Software development, animation design and web design</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">51% owned by Fujian Roar Game Technology Co., Ltd .</span></td></tr> </table> <p id="xdx_8AD_zJhFf1fWInpi" style="margin-top: 0; margin-bottom: 0"> </p> <p style="margin: 0pt 0 0pt 0pt"/> <p style="margin: 0pt 0 0pt 0pt">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><b>Contractual Arrangements</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-indent: 30.1pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">Due to legal restrictions on foreign ownership and investment in, among other areas, the production, development and operation of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features, the Company operates its businesses in which foreign investment is restricted or prohibited in the PRC through certain PRC domestic companies. As such, Blue Hat Fujian and Fujian Roar Game are controlled through contractual arrangements in lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements consist of a series of three agreements, along with shareholders’ powers of attorney (“POAs”) and irrevocable commitment letters (collectively the “Contractual Arrangements”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt">The significant terms of the Contractual Arrangements are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Exclusive Business Cooperation Agreements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">Pursuant to the exclusive business cooperation agreement between variables interest entities, including Blue Hat WFOE and Blue Hat Fujian, Fresh Joy and Fujian Roar, variable interest entities equity holders has the exclusive right to provide our wholly owned entities with technical support services, consulting services and other services, including technical support, technical assistance, technical consulting, and professional training necessary for our wholly owned entities’ operation, network support, database support, software services, business management consulting, grant use rights of intellectual property rights, lease hardware and device, provide system integration service, research and development of software and system maintenance, provide labor support and to develop the related technologies based on wholly owned entities’ needs. In exchange, variable interest entities equity holders are entitled to a service fee that equals to all of the consolidated net income after offsetting previous year’s loss (if any) of wholly owned entity. The service fee may be adjusted by variable interest entity equity holders based on the actual scope of services rendered by variable interest entities equity holders and the operational needs and expanding demands of our wholly owned entities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">Pursuant to the exclusive business cooperation agreement, variable interest entities equity holders have the unilateral right to adjust the service fee at any time, and our wholly owned entities have no right to adjust the service fee. We believe that such conditions under which the service fee may be adjusted will be primarily based on the needs of our wholly owned entities to operate and develop its business in the augmented reality market. For example, if wholly owned entities need to expand its business, increase research input or consummate mergers or acquisitions in the future, variable interest entities equity holders have the right to decrease the amount of the service fee, which would allow our wholly owned entities to have additional capital to operate and develop its business in the augmented reality market.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">The exclusive business cooperation agreement remains effective for 10 years, and shall be automatically renewed for one year at the expiration date of the validity term. However, variable interest entity equity holders have the right to terminate this agreement upon giving 30 days’ prior written notice to wholly owned entity at any time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.35pt 0pt 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify"><b><i>Call Option Agreements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-align: justify">Pursuant to the call option agreements, among variable interest entities equity holders, our wholly owned entities and the shareholders who collectively owned all of the wholly owned subsidiaries, such shareholders jointly and severally grant variable interest entities equity holders an option to purchase their equity interests in our wholly owned entities. The purchase price shall be the lowest price then permitted under applicable PRC laws. Variable interest entities equity holders or the designated person may exercise such option at any time to purchase all or part of the equity interests in wholly owned entity until they have acquired all equity interests of our wholly owned entity, which is irrevocable during the term of the agreements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The call option agreements remain in effect until November 13, 2028 and December 2030 for Blue Hat Fujian and Fujian Roar Game respectively, and shall be automatically renewed for one year at the expiration date of the validity term. However, variable interest entity equities holders have the right to terminate these agreements upon giving 30 days’ prior written notice to our wholly owned entities at any time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i>Equity Pledge Agreements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Pursuant to the equity pledge agreement, among variable interest entities equity holders, our wholly owned entities, and the shareholders who collectively owned all of our wholly owned entities, such shareholders pledge all of the equity interests in our wholly owned entities to variable interest entities equity holders as collateral to secure the obligations of our wholly owned entities under the exclusive business cooperation agreements and call option agreements. These shareholders are prohibited from transferring the pledged equity interests without the prior consent of variable interest entities equity holders unless transferring the equity interests to Blue Hat WFOE, Fresh Joy or its designated person in accordance to the call option agreements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The equity pledge agreements shall come into force the date on which the pledged interests is recorded, under our wholly owned entity register of shareholders and is registered with competent administration for industry and commerce of our wholly owned subsidiary until all of the liabilities and debts to variable interest entities equity holders have been fulfilled completely by our wholly owned entity. Our wholly owned entities and the shareholders who collectively owned all of our wholly owned entities shall not terminate these agreements in any circumstance for any reason. However, variable interest entities equity holders have the right to terminate these agreements upon giving 30 days’ prior written notice to our wholly owned entities at any time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i>Shareholders’ Powers of Attorney (“POAs”)</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Pursuant to the shareholders’ POAs, the shareholders of our wholly owned entity give variable interest entities equity holders an irrevocable proxy to act on their behalf on all matters pertaining to our wholly owned entities and to exercise all of their rights as shareholders of our wholly owned entities, including the right to attend shareholders meeting, to exercise voting rights and all of the other rights, and to sign transfer documents and any other documents in relation to the fulfillment of the obligations under the call option agreements and the equity pledge agreements. The shareholders’ POAs shall remain in effect while the shareholders of our wholly owned entities hold the equity interests in our wholly owned entities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i>Irrevocable Commitment Letters</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Pursuant to the irrevocable commitment letters, the shareholders of our wholly owned entities commit that their spouses or inheritors have no right to claim any rights or interest in relation to the shares that they hold in our wholly owned entities and have no right to impose any impact on the daily managing duties of our wholly owned entities, and commit that if any event which refrains them from exercising shareholders’ rights as a registered shareholder, such as death, incapacity, divorce or any other event, could happen to them, the shareholders of our wholly owned entity will take corresponding measures to guarantee the rights of other registered shareholders and the performance of the Contractual Arrangements. The letters are irrevocable and shall not be withdrawn without the consent of variable interest entity equities holders.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Based on the foregoing contractual arrangements, which grant variable interest entity equity holders effective control of our wholly owned entity and enable variable interest entity equity holders to receive all of their expected residual returns, the Company accounts for Blue Hat Fujian and Fujian Roar Game as VIE. Accordingly, the Company consolidates the accounts of Blue Hat Fujian and Fujian Roar Game for the periods presented herein, in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission (“SEC”), and Accounting Standards Codification (“ASC”) 810-10, Consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfBusinessActivitiesTableTextBlock_zMr62N6dJBcj" style="font: normal 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)"> <tr style="vertical-align: top"> <td style="text-align: center"><span id="xdx_8BE_zTnpbXUFoArc" style="display: none">Schedule of business activities</span></td> <td> </td> <td id="xdx_48B_eus-gaap--BusinessAcquisitionDescriptionOfAcquiredEntity_zJiUIKKf6OE1" style="padding: 0pt; text-align: center; text-indent: 0pt"> </td> <td> </td> <td id="xdx_48D_eus-gaap--MinorityInterestDescription_zaoVHdXL3Xed" style="text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="width: 24%; text-align: center"><span style="text-decoration: underline; font-family: Times New Roman, Times, Serif; font-size: 10pt">Name</span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; width: 50%; text-align: center; text-indent: 0pt"><span style="text-decoration: underline; font-family: Times New Roman, Times, Serif; font-size: 10pt">Background</span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 20%; text-align: center"><span style="text-decoration: underline; font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership</span></td></tr> <tr id="xdx_416_20210101__20211231__dei--LegalEntityAxis__custom--BrilliantHatLimitedMember_zF0LE7IIlREj" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--BrilliantHatLimitedMember" title="Name">Brilliant Hat Limited </span>     </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A British Virgin Islands company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on June 26, 2018</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ●     A holding company  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41C_20210101__20211231__dei--LegalEntityAxis__custom--BlueHatInteractiveEntertainmentTechnologyLimitedMember_zlRRbDED0NK2" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--BlueHatInteractiveEntertainmentTechnologyLimitedMember" title="Name">Blue Hat Interactive Entertainment Technology Limited</span></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A Hong Kong company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on June 26, 2018</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> ●     A holding company</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Brilliant Hat Limited  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_414_20210101__20211231__dei--LegalEntityAxis__custom--XiamenDuweiConsultingManagementCoLtdMember_zwwVlXSvjcn6" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenDuweiConsultingManagementCoLtdMember" title="Name">Xiamen Duwei Consulting Management Co., Ltd.</span>      </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”). </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on July 26, 2018</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $20,000,000 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company.</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology Limited.  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_417_20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatGroupMember_zqR9XFUWN342" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatGroupMember" title="Name">Fujian Blue Hat Group Co. Ltd.</span>    </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on August 23, 2021.</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology Limited.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41D_20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatInteractiveEntertainmentTechnologyLtd.Member_zOzThvrgWa69" style="vertical-align: top; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianBlueHatInteractiveEntertainmentTechnologyLtd.Member" title="Name">Fujian Blue Hat Interactive Entertainment Technology Ltd.</span>  </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding: 0pt; text-indent: 0pt"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on January 7, 2010</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $4,697,526 (RMB 31,054,000). </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE of Xiamen Duwei Consulting Management Co., Ltd  </span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: normal 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)"> <tr id="xdx_41A_20210101__20211231__dei--LegalEntityAxis__custom--FujianYouthHandInHandEducationalTechnologyMember_zQizfOpbdm2h" style="vertical-align: top; background-color: #CCEEFF"> <td style="width: 24%"><span id="xdx_903_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianYouthHandInHandEducationalTechnologyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Youth Hand in Hand Educational Technology Co., Ltd.</span></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 50%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company, acquired on February 2021. </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on September 18, 2017 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $3,106,214 (RMB 20,100,000) </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Educational consulting service and sports related.</span></p></td> <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 20%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">51.5% owned by Xiamen Duwei Consulting Management Co., Ltd. 48.5% owned by Fujian Blue Hat Interactive Technology Co., Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41D_20210101__20211231__dei--LegalEntityAxis__custom--EngaomeiAnimationCultureDevelopmentMember_z4Wm4uEMm26a" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_901_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--EngaomeiAnimationCultureDevelopmentMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Engaomei Animation Culture Development Co., Ltd.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on October 19, 2017</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $302,540 (RMB 2,000,000) </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile games features, original intellectual property and peripheral derivatives features.</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Technology Co., Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_418_20210101__20211231__dei--LegalEntityAxis__custom--PingxiangBlueHatTechnologyCoLtdMember_z6f5ER4mMsW1" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_902_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--PingxiangBlueHatTechnologyCoLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pingxiang Blue Hat Technology Co. Ltd.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on September 10, 2018 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Registered capital of $302,540 (RMB 2,000,000)</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Technology Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_418_20210101__20211231__dei--LegalEntityAxis__custom--XiamenBluehatResearchInstitutionOfEducationMember_z3u7pS6FWTnl" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_907_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenBluehatResearchInstitutionOfEducationMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Xiamen Bluehat Research Institution of Education Co., Ltd</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on February 20, 2021</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Information Technology consulting service  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Technology Ltd.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_417_20210101__20211231__dei--LegalEntityAxis__custom--FujianLanyuncanghaiTechnologyMember_zjowpxuS04lg" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianLanyuncanghaiTechnologyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Lanyun Canghai Technology Co., Ltd. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">     </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on June 29, 2021</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Software development, promoting and selling of toys and stationery    </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Blue Hat Interactive Entertainment Technology Ltd</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_414_20210101__20211231__dei--LegalEntityAxis__custom--FuzhouQiandeEducationalTechnologyMember_zYQQrnlJO0Q9" style="vertical-align: top; background-color: #CCEEFF"> <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_903_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FuzhouQiandeEducationalTechnologyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fuzhou Qiande Educational Technology Co., Ltd.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on March 24, 2021</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Information Technology consulting service</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Youth Hand in</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hand Educational</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Technology Co., Ltd.</span></p></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41E_20210101__20211231__dei--LegalEntityAxis__custom--FreshJoyEntertainmentLtdMember_zxZ5it73sEz4" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90C_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FreshJoyEntertainmentLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fresh Joy Entertainment Ltd</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A British Virgin Islands company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on January 7, 2020 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company  </span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Blue Hat Interactive Entertainment Technology</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41A_20210101__20211231__dei--LegalEntityAxis__custom--HongKongXinyouEntertainmentCompanyMember_zxHoy7vXzMc4" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90F_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--HongKongXinyouEntertainmentCompanyMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hong Kong Xinyou Entertainment Company</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A Hong Kong company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on August 18, 2020</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fresh Joy Entertainment Ltd</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41D_20210101__20211231__dei--LegalEntityAxis__custom--FujianXinyouTechnolobyCoLtdMember_zGFbn66ycFjf" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90C_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianXinyouTechnolobyCoLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Xinyou Technology Co., Ltd.   </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”), acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on September 29, 2020</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A holding company</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Hong Kong Xinyou Entertainment Limited.</span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_414_20210101__20211231__dei--LegalEntityAxis__custom--FujianRoarGameTechnologyCoLtdMember_zv4IxE2ZO7M3" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FujianRoarGameTechnologyCoLtdMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fujian Roar Game Technology Co. Ltd. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     A PRC limited liability company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Incorporated on December 6, 2019 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●     Designing, producing, promoting and selling animated toys with mobile</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE of Fujian Xinyou Technology Co., Ltd.  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-left: 0.5in; font-size: 11pt; text-indent: -16.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_419_20210101__20211231__dei--LegalEntityAxis__custom--FuzhouUC71Member_zsV5fUpdndA5" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FuzhouUC71Member" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fuzhou UC71 Co., Ltd. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      A PRC limited liability company </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Incorporated on October 25, 2016 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Registered capital of $1,854,456 (RMB 12,000,000)</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Software development, Information technology consulting service</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% owned by Fujian Roar Game Technology Co., Ltd  </span></td></tr> <tr style="vertical-align: top; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41E_20210101__20211231__dei--LegalEntityAxis__custom--FuzhouCSFCTECHMember_z7bBr83wP37i" style="vertical-align: top; background-color: #CCEEFF"> <td><span id="xdx_90B_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20210101__20211231__dei--LegalEntityAxis__custom--FuzhouCSFCTECHMember" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fuzhou CSFCTECH Co. Ltd.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      A PRC limited liability company, acquired on January 25, 2021 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Incorporated on August 5, 2011 </span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Registered capital of $3,001,159 (RMB 20,000,000)</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●      Software development, animation design and web design</span></p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">51% owned by Fujian Roar Game Technology Co., Ltd .</span></td></tr> </table> Brilliant Hat Limited ●     A British Virgin Islands company ●     Incorporated on June 26, 2018 ●     A holding company   100% owned by Blue Hat Interactive Entertainment Technology Blue Hat Interactive Entertainment Technology Limited ●     A Hong Kong company ●     Incorporated on June 26, 2018 ●     A holding company 100% owned by Brilliant Hat Limited   Xiamen Duwei Consulting Management Co., Ltd. ●     A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”). ●     Incorporated on July 26, 2018 ●     Registered capital of $20,000,000 ●     A holding company. 100% owned by Blue Hat Interactive Entertainment Technology Limited.   Fujian Blue Hat Group Co. Ltd. ●     A PRC limited liability company ●     Incorporated on August 23, 2021. ●     A holding company   100% owned by Blue Hat Interactive Entertainment Technology Limited. Fujian Blue Hat Interactive Entertainment Technology Ltd. ●     A PRC limited liability company ●     Incorporated on January 7, 2010 ●     Registered capital of $4,697,526 (RMB 31,054,000). ●     Designing, producing, promoting and selling animated toys with mobile VIE of Xiamen Duwei Consulting Management Co., Ltd   Fujian Youth Hand in Hand Educational Technology Co., Ltd. ●     A PRC limited liability company, acquired on February 2021. ●     Incorporated on September 18, 2017 ●     Registered capital of $3,106,214 (RMB 20,100,000)  ●     Educational consulting service and sports related. 51.5% owned by Xiamen Duwei Consulting Management Co., Ltd. 48.5% owned by Fujian Blue Hat Interactive Technology Co., Ltd. Engaomei Animation Culture Development Co., Ltd. ●     A PRC limited liability company ●     Incorporated on October 19, 2017 ●     Registered capital of $302,540 (RMB 2,000,000) ●     Designing, producing, promoting and selling animated toys with mobile games features, original intellectual property and peripheral derivatives features. 100% owned by Fujian Blue Hat Interactive Technology Co., Ltd. Pingxiang Blue Hat Technology Co. Ltd. ●     A PRC limited liability company ●     Incorporated on September 10, 2018 ●     Registered capital of $302,540 (RMB 2,000,000) ●     Designing, producing, promoting and selling animated toys with mobile 100% owned by Fujian Blue Hat Interactive Technology Ltd. Xiamen Bluehat Research Institution of Education Co., Ltd ●     A PRC limited liability company ●     Incorporated on February 20, 2021 ●     Information Technology consulting service   100% owned by Fujian Blue Hat Interactive Technology Ltd. Fujian Lanyun Canghai Technology Co., Ltd. ●     A PRC limited liability company ●     Incorporated on June 29, 2021 ●     Software development, promoting and selling of toys and stationery     100% owned by Fujian Blue Hat Interactive Entertainment Technology Ltd Fuzhou Qiande Educational Technology Co., Ltd. ●     A PRC limited liability company ●     Incorporated on March 24, 2021 ●     Information Technology consulting service 100% owned by Fujian Youth Hand in Hand Educational Technology Co., Ltd. Fresh Joy Entertainment Ltd ●     A British Virgin Islands company, acquired on January 25, 2021 ●     Incorporated on January 7, 2020 ●     A holding company   100% owned by Blue Hat Interactive Entertainment Technology Hong Kong Xinyou Entertainment Company ●     A Hong Kong company, acquired on January 25, 2021 ●     Incorporated on August 18, 2020 ●     A holding company 100% owned by Fresh Joy Entertainment Ltd Fujian Xinyou Technology Co., Ltd.   ●     A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”), acquired on January 25, 2021 ●     Incorporated on September 29, 2020 ●     A holding company 100% owned by Hong Kong Xinyou Entertainment Limited. Fujian Roar Game Technology Co. Ltd. ●     A PRC limited liability company, acquired on January 25, 2021 ●     Incorporated on December 6, 2019 ●     Designing, producing, promoting and selling animated toys with mobile VIE of Fujian Xinyou Technology Co., Ltd.   Fuzhou UC71 Co., Ltd. ●      A PRC limited liability company ●      Incorporated on October 25, 2016 ●      Registered capital of $1,854,456 (RMB 12,000,000) ●      Software development, Information technology consulting service 100% owned by Fujian Roar Game Technology Co., Ltd   Fuzhou CSFCTECH Co. Ltd. ●      A PRC limited liability company, acquired on January 25, 2021 ●      Incorporated on August 5, 2011 ●      Registered capital of $3,001,159 (RMB 20,000,000) ●      Software development, animation design and web design 51% owned by Fujian Roar Game Technology Co., Ltd . <p id="xdx_809_eus-gaap--SignificantAccountingPoliciesTextBlock_za0TxzDhZZod" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><span style="font-size: 10pt">2. <span style="text-transform: uppercase"><span id="xdx_82F_zIwhMp35UyRk">Summary of Significant Accounting Policies and Practices</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><b> </b></p> <p id="xdx_845_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zNQIjRbjht3g" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_866_zxmPdE85Qesh">Basis of presentation</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the SEC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><i>Discontinued operations</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On September 30, 2021, the Company entered into a share transfer agreement with a third party to sell Xunpusen (Xiamen) Technology Co., Ltd., pursuant to the terms of the Agreement, the buyer purchased 100% of the Company’s ownership of Xunpusen and 100% owned subsidiary Xingjuyun (Xiamen) Technology Co., Ltd. for a total price of $1,333,023, resulting in a gain on disposal of $<span id="xdx_905_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--XunpusenechnologyCoLtdMember_zr0jXwsYTBDg">683,688</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On December 20, 2021, the Company sold 100% of the ownership of Xiamen Jiuqiao Technology Co., Ltd., and 100% owned subsidiaries to a third party for a total price of $8,368,930, resulting in a gain on disposal of $<span id="xdx_906_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenJiuqiaoTechnologyMember_zmq6d9E948Q9">811,269</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On November 15, 2021, Shenyang Qimengxing Trading Co., Ltd. (“Blue Hat Shenyang”) was deregistered, resulting in a loss on disposal of $<span id="xdx_90E_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--ShenyangQimengxingTradingCoLtdMember_zuFS5hYk8HSd" title="Gain on disposal">1,012</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> </p> <p id="xdx_844_eus-gaap--ConsolidationPolicyTextBlock_zslb9ZxomEud" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86A_zMAqr6b7hiOf">Principles of consolidation</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The consolidated financial statements include the financial statements of the Company and its subsidiaries, which include the wholly- foreign owned enterprise (“WFOE”) and variable interest entities (“VIEs”) over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><b><i> </i></b></p> <p id="xdx_848_eus-gaap--DiscontinuedOperationsPolicyTextBlock_zssDLWNTz6G9" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_863_zl2dCu5TDQqe">Discontinued Operations</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On September 30, 2021, the Company entered into a share transfer agreement with a third party to sell Xunpusen (Xiamen) Technology Co., Ltd., pursuant to the terms of the Agreement, the buyer purchased 100% of the Company’s ownership of Xunpusen and 100% owned subsidiary Xingjuyun (Xiamen) Technology Co., Ltd. for a total price of $1,333,023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On December 20, 2021, the Company sold 100% of the ownership of Xiamen Jiuqiao Technology Co., Ltd., and 100% owned subsidiaries to a third party for a total price of $8,368,930, and on November 15, 2021, Shenyang Qimengxing Trading Co., Ltd. (“Blue Hat Shenyang”) was deregistered.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"/> <p id="xdx_847_eus-gaap--UseOfEstimates_zV28liuHAV08" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86B_zrUQ1Lmv4Px1">Use of estimates and assumptions</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 24.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of plant and equipment and intangible assets, capitalized development costs, impairment of long-lived assets, allowance for doubtful accounts, revenue recognition, allowance for deferred tax assets and uncertain tax position, and inventory allowance. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84A_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zQpDcpdoHNtc" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zZLV1fEiRXQb">Foreign currency translation and transaction</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The reporting currency of the Company is the U.S. dollar. The Company in China conducts its businesses in the local currency, Renminbi (RMB), as its functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. The statement of income accounts is translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Translation adjustments included in accumulated other comprehensive income (loss) amounted to $<span id="xdx_900_eus-gaap--OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent_c20210101__20211231_pp0p0" title="Translation adjustments">2,459,256</span>, $<span id="xdx_90E_eus-gaap--OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent_c20200101__20201231_pp0p0" title="Translation adjustments">1,741,696</span> and $(<span id="xdx_90F_eus-gaap--OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent_c20190101__20191231_pp0p0" title="Translation adjustments">1,478,667</span>) as of December 31, 2021, 2020 and 2019, respectively. The balance sheet amounts, with the exception of shareholders’ equity at December 31, 2021, 2020 and 2019 were translated at <span id="xdx_90A_ecustom--HistoricalRate_uRMBPShares_c20210101__20211231_zTq545v26Cdc" title="Historical rate">6.38</span>RMB, <span id="xdx_906_ecustom--HistoricalRate_uRMBPShares_c20200101__20201231_zCP82tbAMrBb" title="Historical rate">6.52</span> RMB and <span id="xdx_903_ecustom--HistoricalRate_uRMBPShares_c20190101__20191231_zScGttCZkmSb" title="Historical rate">6.98</span> RMB, respectively. The shareholders’ equity accounts were stated at their historical rate. The average translation rates applied to statement of income accounts for the years ended December 31, 2021, 2020 and 2019 were <span id="xdx_903_ecustom--AverageTranslationRates_uRMBPShares_c20210101__20211231_z7cc2QIISMd9" title="Average translation rates">6.45</span> RMB, <span id="xdx_907_ecustom--AverageTranslationRates_uRMBPShares_c20200101__20201231_zo34mokiebVh" title="Average translation rates">6.90</span> RMB and <span id="xdx_905_ecustom--AverageTranslationRates_uRMBPShares_c20190101__20191231_zyEQgAYFh2yc" title="Average translation rates">6.89</span> RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify">  </p> <p id="xdx_845_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zZ4c9ydIeEB8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_862_zLmy0QFoJov2">Cash and cash equivalents</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Cash and cash equivalents consist of cash on hand; demand deposits and time deposits placed with banks or other financial institutions and have original maturities of less than three months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84E_eus-gaap--ReceivablesPolicyTextBlock_z4XM7F4kGbua" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_861_zTJ2PmAdhVKd">Accounts receivable, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 30 days. In establishing the required allowance for doubtful accounts, management considers historical collection experience, aging of the receivables, the economic environment, industry trend analysis, and the credit history and financial conditions of the customers. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. As of December 31, 2021 and 2020, allowance for the doubtful accounts was $<span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20211231_pp0p0" title="Allowance for the doubtful accounts">6,394,429</span> and $<span id="xdx_909_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20201231_pp0p0" title="Allowance for the doubtful accounts">565,793</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84E_eus-gaap--PremiumsReceivableBasisOfAccountingPolicy_zZ0X25AsVHq7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_86B_zWfiKTmrVMf4">Other receivables, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Other receivables primarily include deposits for business acquisitions, setup of research center, advances to employees, and others. Management regularly reviews the aging of receivables and changes in payment trends and records allowances when management believes collection of amounts due are at risk. Accounts considered uncollectable are written off against allowances after exhaustive efforts at collection are made. As of December 31, 2021 and 2020, allowance for the doubtful accounts was $<span id="xdx_90E_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_c20211231_pp0p0" title="Allowance for the doubtful accounts, Other receivables">13,665,255</span> and $<span id="xdx_90F_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_c20201231_pp0p0" title="Allowance for the doubtful accounts, Other receivables">32,937</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"/> <p id="xdx_84F_eus-gaap--InventoryPolicyTextBlock_zF3R0EVOqeMe" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_860_zSLFoZSZqBU">Inventories</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Inventories are comprised of finished goods and are stated at the lower of cost or net realizable value using the weighted average method. Management reviews inventories for obsolescence and cost in excess of net realizable value quarterly and records a reserve against the inventory when the carrying value exceeds net realizable value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84A_ecustom--PrepaymentsNetPoliciesTextBlock_zz0w5DsZ2Mvi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_861_z4PP1CidHcdj">Prepayments, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><span style="text-decoration: underline">Current</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Prepayments are cash deposited or advanced to suppliers for future inventory purchases. This amount is refundable and bears no interest. For any advances to suppliers determined by management that such advances will not be in receipts of inventories or refundable, the Company will recognize an allowance account to reserve such balances. Management reviews its advances to suppliers on a regular basis to determine if the allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary. As of December 31, 2021 and 2020, allowance for the doubtful accounts was $<span id="xdx_90C_ecustom--AllowanceForDoubtfulAccountsPrepayments_iI_pp0p0_c20211231_zw8oeMDju4kb" title="Allowance for doubtful accounts prepayments">1,487,210</span> and $<span id="xdx_90E_ecustom--AllowanceForDoubtfulAccountsPrepayments_iI_pp0p0_c20201231_zfFaippy36dl">147,631</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><span style="text-decoration: underline">Non-current</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Non-current prepayment represents cash deposited or advanced for software development expenditure. This amount is refundable and bears no interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> <b><i> </i></b></p> <p id="xdx_84D_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zjAOBqxybaci" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_866_zgHAN60PZxgk">Property and equipment, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_zy9LahMs2Lrh" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Details)"> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span id="xdx_8B5_zSTxNXijCUl" style="display: none">Schedule of estimated useful lives</span></td> <td style="line-height: 107%; text-align: center"> </td> <td style="line-height: 107%; text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="width: 35%; line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Category</span></td> <td style="width: 26%; line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation method</span></td> <td style="width: 39%; line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Estimated useful lives</span></td></tr> <tr style="vertical-align: top"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Building</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zFzy4JxpYslg" title="Property, Plant and Equipment, Useful Life">20</span> years</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Electronic devices</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_zo3v6PbDM2Ng" title="Property, Plant and Equipment, Useful Life">3</span> years</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Office equipment, fixtures and furniture</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_ztXRXWhE4HCb" title="Property, Plant and Equipment, Useful Life">3 </span>years</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Automobile</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--AutomobilesMember_zhFIWX0Ajnhb" title="Property, Plant and Equipment, Useful Life">3</span> years</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p id="xdx_847_eus-gaap--IntangibleAssetsFiniteLivedPolicy_zwWpystoB1k7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86E_z29I2pQVJJQj">Intangible assets</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company’s intangible assets with definite useful lives primarily consist of software development costs, patents and licensed software. The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company typically amortizes its intangible assets with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated useful lives of five to ten years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_843_eus-gaap--ResearchDevelopmentAndComputerSoftwarePolicyTextBlock_z5TnIUQMgVb2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86C_zTzeUMGMqlk">Software development costs</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company follows the provisions of ASC 350-40, “Internal Use Software”, to capitalize certain direct development costs associated with internal- used software. ASC 350-40 provides guidance on capitalization of the costs incurred for computer software developed or obtained for internal use. The Company expenses all costs incurred during the preliminary project stage of its development, and capitalizes costs incurred during the application development stage. Costs incurred relating to upgrades and enhancements to the application are capitalized if it is determined that these upgrades or enhancements add additional functionality to the application. The capitalized development cost is amortized on a straight-line basis over the estimated useful life, which is generally five years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84E_eus-gaap--ResearchAndDevelopmentExpensePolicy_zvdr1wJN1sR7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_866_zrOLzW0mgoUk">Research and development</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Research and development expenses include salaries and other compensation-related expenses to the Company’s research and product development personnel, as well as office rental, depreciation and related expenses for the Company’s research and product development team. The Company expenses all costs that are incurred in connection with the planning and implementation phases of development, and costs that are associated with maintenance of the existing websites or software for internal use.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> <b><i> </i></b></p> <p id="xdx_848_eus-gaap--BusinessCombinationsPolicy_zMAY1zempJN4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zfkBDgQcRnOh">Business Combinations</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company applies the provisions of ASC 805, <i>Business Combination </i>and allocates the fair value of purchases consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair values of the assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets, including but not limited to future expected cash flows from acquired technology and acquired trademarks and user base from a market participant perspective, useful lives and discount rates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p id="xdx_84B_ecustom--GoodwillPolicyTextBlock_zE7eNgDdLMDk" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_862_zIPQAE6pT1t8">Goodwill</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Goodwill represents the excess of the purchase consideration over the acquisition date amounts of the identifiable tangible assets acquired and liabilities assumed from the acquired entity as a result of the Company’s acquisitions of interests in its subsidiaries. Goodwill is not amortized but is tested for impairment if events or changes in circumstances indicate that it might be impaired. The company assessed qualitative factors to determine if it is necessary to perform quantitative assessment. In the qualitative assessment, the company considers factors such as macroeconomic conditions, industry and market considerations, overall financial performance, and other specific information related to the operations, business plans and strategies including consideration of the impact of the COVID-19 pandemic.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_844_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zTzuS7GssdYi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86A_zUTUNfTNUA0a">Impairment for long-lived assets other</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Long-lived assets, including property and equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of December 31, 2021, 2020 and 2019, impairment for long-lived assets was $<span id="xdx_908_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_c20210101__20211231_pp0p0" title="Impairment for long-lived assets">14,632,931</span>, $<span id="xdx_90A_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_c20200101__20201231_pp0p0" title="Impairment for long-lived assets">0</span> and $<span id="xdx_909_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_c20190101__20191231_pp0p0" title="Impairment for long-lived assets">0</span> respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_847_eus-gaap--EquityMethodInvestmentsPolicy_zebJI2j92sL4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zotak511wU2i">Long-term investments</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Long-term investments include cost method investment and equity method investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Entities in which the Company has the ability to exercise significant influence, but does not have a controlling interest, are accounted for using the equity method. Significant influence is generally considered to exist when the Company has voting shares between 20% and 50%, and other factors, such as representation on the Board of Directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting is appropriate. Under this method of accounting, the Company records its proportionate share of the net earnings or losses of equity method investees and a corresponding increase or decrease to the investment balances. Dividends received from the equity method investments are recorded as reductions in the cost of such investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company accounts for investments with less than 20% of the voting shares and does not have the ability to exercise significant influence over operating and financial policies of the investee using the cost method. The Company records cost method investments at the historical cost in its consolidated financial statements and subsequently records any dividends received from the net accumulated earrings of the investee as income. Dividends received in excess of earnings are considered a return of investment and are recorded as reduction in the cost of the investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> <b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Long-term investments are evaluated for impairment when facts or circumstances indicate that the fair value of the long-term investments is less than its carrying value. Impairment is recognized when a decline in fair value is determined to be other-than- temporary. The Company reviews several factors to determine whether a loss is other-than-temporary. These factors include, but are not limited to, the: (i) nature of the investment; (ii) cause and duration of the impairment; (iii) extent to which fair value is less than cost; financial condition and near term prospects of the investments; and (v) ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. No event had occurred and indicated that other-than-temporary impairment existed and therefore the Company did <span id="xdx_90B_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20210101__20211231_zy5XhwJSb3Z" title="Impairment charges on investments"><span id="xdx_903_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20200101__20201231_zEpKRjPodVVa" title="Impairment charges on investments"><span id="xdx_90E_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20190101__20191231_zwPnNb1uEcJk" title="Impairment charges on investments">no</span></span></span>t record any impairment charges for its investments for the years ended December 31, 2021, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p id="xdx_840_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_z9eORHQTCe3j" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_863_zvnpA92RwoB4">Fair value measurement</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">        Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">        Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">        Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84D_eus-gaap--RevenueRecognitionPolicyTextBlock_zexZkmDE1xke" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_867_zglYw4AID7Ti">Revenue recognition</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company adopted Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC 606). The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="text-decoration: underline">Sales of interactive toys</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company recognizes sales of interactive toys revenues upon shipment or upon receipt of products by the customer, depending on the terms, provided that: there are no uncertainties regarding customer acceptance; persuasive evidence of an agreement exists documenting the specific terms of the transaction; the sales price is fixed or determinable; and collectability is reasonably assured. Management assesses the business environment, the customer’s financial condition, historical collection experience, accounts receivable aging, and customer disputes to determine whether collectability is reasonably assured.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company routinely enters into arrangements with its customers to provide sales incentives, support customer promotions, and provide allowances for returns and defective merchandise. Such programs are based primarily on customer purchases, customer performance of specified promotional activities, and other specified factors such as sales to consumers. The costs of these programs are recorded as sales adjustments that reduce gross sales in the period the related sale is recognized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The products sold in the PRC are subject to a Chinese value-added tax (“VAT”). VAT taxes are presented as a reduction of revenue.<br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="text-decoration: underline">Mobile games</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i>Internal developed platform</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company operates the mobile games as live services that allow players to play for free. Within these games, players can purchase virtual currency to obtain virtual goods to enhance the game-playing experience. On the platform, players purchase virtual currency and/or virtual goods through various widely accepted payment methods offered in the games, including Alipay or WeChat and online bank transfer service providers. Advance payments from customers for virtual goods that are non-refundable that specify our obligations are recorded to deferred revenue. All other advance payments that do not meet these criteria are recorded as advances from customers. For virtual goods purchases upon immediately use with no future game-playing benefits, the Company recognizes such virtual goods purchase upon receipts of payment from the paying players. For virtual goods purchases for the conversion of future game-playing benefits or throughout the players’ playing life, the Company recognizes such virtual goods purchases ratably over the estimated average playing period of paying players for the applicable game, starting from the point in time when virtual items are delivered to the players’ accounts and all other revenue recognition criteria are met. The Company records revenue generated from mobile games on a gross basis as the Company is acting as the principal to fulfill all obligations related to the game operation. Fees paid to distribution channels and payment channels are recorded as cost of revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company considers the average period that players typically play the games and other game player behavior patterns, as well as various other factors to arrive at the best estimates for the estimated playing period of the paying players for each game. On a quarterly basis, the Company determined the estimated average playing period for paying players by analyzing paying players for that game who made their first virtual goods purchase during that period and counting their cumulative login days for each game. The Company then averages the time periods to determine the estimated paying playing period for that game. If a new game is launched and only a limited period of paying player data is available, then the Company considers other qualitative factors, such as the playing patterns for paying players for other games with similar characteristics and playing patterns of paying players, such as targeted players and purchasing frequency. While the Company believes its estimates to be reasonable based on available game player information, the Company may revise such estimates based on new information indicating a change in the game player behavior patterns and any adjustments are applied prospectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Based on the Company’s analysis, the estimated average playing period of paying players is approximately one to three months, and this estimate has been consistent since the Company’s initial analysis. No change has been made in such estimate during any of the periods presented. Future usage patterns may differ from historical usage patterns and therefore the estimated average playing periods may change in the future.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i>Third-party platform</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company also licenses third-parties to operate the Company’s mobile games developed internally through mobile platforms and receives revenue-based royalty payments from all the third-party licensee operators on a monthly basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The revenue- based royalty payments are recognized when all other revenue recognition criteria are met. The Company records the mobile game royalty revenue on a net basis, as the Company does not have the primary responsibility for fulfillment and acceptability of the game services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i>Communication service</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify; text-indent: 24.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The communication service is mainly divided into three modules: SMS agency service, agency fee from mobile recharge and IDC service.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">SMS agency service and mobile recharge service provide customer services through the company’s platform; and IDC service which providing broadband, IP and others for customers’ router equipment. The sales revenue will be recognized after the customer confirms the statement generated from the platform. The premise is: the customer has no uncertainty in the acceptance, the sales price is fixed and determinable when contracted, and the retrievability is also reasonably guaranteed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="text-decoration: underline">Information service</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt">This is a service which provides products and technical services to customers generating from third-party media channels (such as WeChat official accounts, mini programs, APP, Tik Tok, Toutiao, Quick Worker, etc.), as well as commissioned development services for interactive marketing tools, company then charged according to the information services that contracted with the customers.</p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt">The sales revenue of the information service fee is recognized after the customer confirms the service provided is correct. The premise is: the customer has no uncertainty in the acceptance, the sales price is fixed and determinable when contracted, and the retrievability is also reasonably guaranteed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_845_ecustom--ShippingAndHandlingPolicyTextBlock_z2r4kdUAeUG6" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_869_zTrkWTV2a6qf">Shipping and handling</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 24.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Shipping and handling costs amounted to $<span id="xdx_90B_ecustom--ShippingAndHandlingCosts_c20210101__20211231_pp0p0" title="Shipping and handling costs">25,892</span>, $<span id="xdx_909_ecustom--ShippingAndHandlingCosts_c20200101__20201231_pp0p0" title="Shipping and handling costs">38,025</span> and $<span id="xdx_906_ecustom--ShippingAndHandlingCosts_c20190101__20191231_pp0p0" title="Shipping and handling costs">125,640</span> for the years ended December 31, 2021, 2020 and 2019, respectively. Shipping and handling costs are expensed as incurred and included in selling expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_848_eus-gaap--AdvertisingCostsPolicyTextBlock_zyFerooDY7U9" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86A_zTvBxW5nXoEi">Advertising costs</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Advertising costs amounted to $<span id="xdx_903_eus-gaap--AdvertisingExpense_c20210101__20211231_pp0p0" title="Advertising costs">3,494,507</span>, $<span id="xdx_90E_eus-gaap--AdvertisingExpense_c20200101__20201231_pp0p0" title="Advertising costs">2,763</span> and $<span id="xdx_90D_eus-gaap--AdvertisingExpense_c20190101__20191231_pp0p0" title="Advertising costs">31,176</span> for the years ended December 31, 2021, 2020 and 2019, respectively. Advertising costs are expensed as incurred and included in selling expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_846_eus-gaap--LesseeLeasesPolicyTextBlock_z2hUCUevbpFe" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_867_zM4j7DGmykwh">Operating leases</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">A lease for which substantially all the benefits and risks incidental to ownership remain with the lessor is classified by the lessee as an operating lease. All leases of the Company are currently classified as operating leases. The Company records the total expenses on a straight-line basis over the lease term, and the accounting of operating lease in this report has been updated to reflect the adoption of FASB’s new guidance on the recognition and measurement of leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_848_ecustom--GovernmentSubsidiesPoliciesTextBlock_zkUZDoDIPk71" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_868_zDIn3p720pIk">Government subsidies</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Government subsidies mainly represent amounts granted by local government authorities as an incentive for companies to promote development of the local technology industry. The Company receives government subsidies related to government sponsored projects, and records such government subsidies as a liability when it is received. The Company records government subsidies as other income when there is no further performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Total government subsidies amounted to $<span id="xdx_90C_ecustom--GovernmentSubsidies_c20210101__20211231_pp0p0" title="Government subsidies">99,948</span>, $<span id="xdx_90A_ecustom--GovernmentSubsidies_c20200101__20201231_pp0p0" title="Government subsidies">28,623</span> and $<span id="xdx_90B_ecustom--GovernmentSubsidies_c20190101__20191231_pp0p0" title="Government subsidies">221,467</span> for the years ended December 31, 2021, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_849_ecustom--ValueAddedTaxesPoliciesTextBlock_zlQvxy77J3g7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zHmpJ74Qh4ub">Value added taxes</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13%, depending on the type of service provided. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in tax payable. All of the VAT returns filed by the Company’s subsidiaries in China have been and remain subject to examination by the tax authorities for five years from the date of filing.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_849_eus-gaap--IncomeTaxPolicyTextBlock_zT4jssWzAQci" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_869_zXPOJVmZr5p2">Income taxes</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_847_eus-gaap--ComprehensiveIncomePolicyPolicyTextBlock_z3ki7V9feQTk" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86B_zVazbxLcAn5e">Comprehensive income</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 24.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Comprehensive income consists of two components, net income and other comprehensive (loss) income. Other comprehensive (loss) income refers to revenue, expenses, gains and losses that under U.S. GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive (loss) income consists of a foreign currency translation adjustment resulting from the Company not using the U.S. dollar as its functional currencies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84B_eus-gaap--EarningsPerSharePolicyTextBlock_zfOnzyq8GqF5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_866_z6JLC11lJpS7">Earnings per share</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. The dilutive shares were <span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20210101__20211231_pdd" title="Dilutive shares">7,463,213</span> and <span id="xdx_903_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200101__20201231_pdd" title="Dilutive shares">1,305,380</span> for the years ended December 31, 2021 and 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_847_eus-gaap--CompensationRelatedCostsPolicyTextBlock_z2h6veCaJo21" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86F_z0qyignK6K93">Employee benefits</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The full-time employees of the Company are entitled to staff welfare benefits including medical care, housing fund, pension benefits, unemployment insurance and other welfare, which are government mandated defined contribution plans by law. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Total expenses for the plans were $<span id="xdx_906_eus-gaap--DefinedBenefitPlanServiceCost_c20210101__20211231_pp0p0" title="Employee benefits">104,287</span> $ <span id="xdx_908_eus-gaap--DefinedBenefitPlanServiceCost_c20200101__20201231_pp0p0" title="Employee benefits">23,235</span> and $<span id="xdx_909_eus-gaap--DefinedBenefitPlanServiceCost_c20190101__20191231_pp0p0" title="Employee benefits">81,118</span> for the years ended December 31, 2021, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_841_ecustom--StatutoryReservesPoliciesTextBlock_z0uVjgjnfqC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_868_zTv9ETtqxSF2">Statutory reserves</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end). If the Company has accumulated loss from prior periods, the Company is able to use the current period net income after tax to offset against the accumulate loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84F_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zj9rPcIQkXj2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><span id="xdx_86D_zXPeGAkoIIYg">Recently issued accounting pronouncements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">In January 2020, the FASB issued ASU No. 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the FASB Emerging Issues Task Force) (“ASU 2020-01”), which clarifies the interactions of the accounting for certain equity securities under ASC 321, investments accounted for under the equity method of accounting in ASC 323, and the accounting for certain forward contracts and purchased options accounted for under ASC 815. ASU 2020-01 could change how an entity accounts for (i) an equity security under the measurement alternative and (ii) a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with ASC 825. These amendments improve current U.S. GAAP by reducing diversity in practice and increasing comparability of the accounting for these interactions. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 31, 2020. Early adoption is permitted. The Company is currently in the process of evaluating the of adopting ASU 2020-01 on its consolidated financial statements and related disclosure.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which focuses on amending the legacy guidance on convertible instruments and the derivatives scope exception for contracts in an entity’s own equity. ASU 2020-06 simplifies an issuer’s accounting for convertible instruments by reducing the number of accounting models that require separate accounting for embedded conversion features. ASU 2020-06 also simplifies the settlement assessment that entities are required to perform to determine whether a contract qualifies for equity classification. Further, ASU 2020-06 enhances information transparency by making targeted improvements to the disclosures for convertible instruments and earnings-per-share (EPS) guidance, i.e., aligning the diluted EPS calculation for convertible instruments by requiring that an entity use the if-converted method and that the effect of potential share settlement be included in the diluted EPS calculation when an instrument may be settled in cash or shares, adding information about events or conditions that occur during the reporting period that cause conversion contingencies to be met or conversion terms to be significantly changed. This update will be effective for the Company’s fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Entities can elect to adopt the new guidance through either a modified retrospective method of transition or a fully retrospective method of transition. The Company is currently in the process of evaluating the impact of adopting ASU 2020-06 on its consolidated financial statements and related disclosure.<br/> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p id="xdx_845_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zNQIjRbjht3g" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_866_zxmPdE85Qesh">Basis of presentation</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the SEC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><i>Discontinued operations</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On September 30, 2021, the Company entered into a share transfer agreement with a third party to sell Xunpusen (Xiamen) Technology Co., Ltd., pursuant to the terms of the Agreement, the buyer purchased 100% of the Company’s ownership of Xunpusen and 100% owned subsidiary Xingjuyun (Xiamen) Technology Co., Ltd. for a total price of $1,333,023, resulting in a gain on disposal of $<span id="xdx_905_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--XunpusenechnologyCoLtdMember_zr0jXwsYTBDg">683,688</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On December 20, 2021, the Company sold 100% of the ownership of Xiamen Jiuqiao Technology Co., Ltd., and 100% owned subsidiaries to a third party for a total price of $8,368,930, resulting in a gain on disposal of $<span id="xdx_906_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenJiuqiaoTechnologyMember_zmq6d9E948Q9">811,269</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On November 15, 2021, Shenyang Qimengxing Trading Co., Ltd. (“Blue Hat Shenyang”) was deregistered, resulting in a loss on disposal of $<span id="xdx_90E_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--ShenyangQimengxingTradingCoLtdMember_zuFS5hYk8HSd" title="Gain on disposal">1,012</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> </p> 683688 811269 1012 <p id="xdx_844_eus-gaap--ConsolidationPolicyTextBlock_zslb9ZxomEud" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86A_zMAqr6b7hiOf">Principles of consolidation</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The consolidated financial statements include the financial statements of the Company and its subsidiaries, which include the wholly- foreign owned enterprise (“WFOE”) and variable interest entities (“VIEs”) over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><b><i> </i></b></p> <p id="xdx_848_eus-gaap--DiscontinuedOperationsPolicyTextBlock_zssDLWNTz6G9" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_863_zl2dCu5TDQqe">Discontinued Operations</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On September 30, 2021, the Company entered into a share transfer agreement with a third party to sell Xunpusen (Xiamen) Technology Co., Ltd., pursuant to the terms of the Agreement, the buyer purchased 100% of the Company’s ownership of Xunpusen and 100% owned subsidiary Xingjuyun (Xiamen) Technology Co., Ltd. for a total price of $1,333,023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On December 20, 2021, the Company sold 100% of the ownership of Xiamen Jiuqiao Technology Co., Ltd., and 100% owned subsidiaries to a third party for a total price of $8,368,930, and on November 15, 2021, Shenyang Qimengxing Trading Co., Ltd. (“Blue Hat Shenyang”) was deregistered.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 0pt; text-align: justify"/> <p id="xdx_847_eus-gaap--UseOfEstimates_zV28liuHAV08" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86B_zrUQ1Lmv4Px1">Use of estimates and assumptions</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 24.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of plant and equipment and intangible assets, capitalized development costs, impairment of long-lived assets, allowance for doubtful accounts, revenue recognition, allowance for deferred tax assets and uncertain tax position, and inventory allowance. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84A_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zQpDcpdoHNtc" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zZLV1fEiRXQb">Foreign currency translation and transaction</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The reporting currency of the Company is the U.S. dollar. The Company in China conducts its businesses in the local currency, Renminbi (RMB), as its functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. The statement of income accounts is translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Translation adjustments included in accumulated other comprehensive income (loss) amounted to $<span id="xdx_900_eus-gaap--OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent_c20210101__20211231_pp0p0" title="Translation adjustments">2,459,256</span>, $<span id="xdx_90E_eus-gaap--OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent_c20200101__20201231_pp0p0" title="Translation adjustments">1,741,696</span> and $(<span id="xdx_90F_eus-gaap--OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent_c20190101__20191231_pp0p0" title="Translation adjustments">1,478,667</span>) as of December 31, 2021, 2020 and 2019, respectively. The balance sheet amounts, with the exception of shareholders’ equity at December 31, 2021, 2020 and 2019 were translated at <span id="xdx_90A_ecustom--HistoricalRate_uRMBPShares_c20210101__20211231_zTq545v26Cdc" title="Historical rate">6.38</span>RMB, <span id="xdx_906_ecustom--HistoricalRate_uRMBPShares_c20200101__20201231_zCP82tbAMrBb" title="Historical rate">6.52</span> RMB and <span id="xdx_903_ecustom--HistoricalRate_uRMBPShares_c20190101__20191231_zScGttCZkmSb" title="Historical rate">6.98</span> RMB, respectively. The shareholders’ equity accounts were stated at their historical rate. The average translation rates applied to statement of income accounts for the years ended December 31, 2021, 2020 and 2019 were <span id="xdx_903_ecustom--AverageTranslationRates_uRMBPShares_c20210101__20211231_z7cc2QIISMd9" title="Average translation rates">6.45</span> RMB, <span id="xdx_907_ecustom--AverageTranslationRates_uRMBPShares_c20200101__20201231_zo34mokiebVh" title="Average translation rates">6.90</span> RMB and <span id="xdx_905_ecustom--AverageTranslationRates_uRMBPShares_c20190101__20191231_zyEQgAYFh2yc" title="Average translation rates">6.89</span> RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify">  </p> 2459256 1741696 1478667 6.38 6.52 6.98 6.45 6.90 6.89 <p id="xdx_845_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zZ4c9ydIeEB8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_862_zLmy0QFoJov2">Cash and cash equivalents</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Cash and cash equivalents consist of cash on hand; demand deposits and time deposits placed with banks or other financial institutions and have original maturities of less than three months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84E_eus-gaap--ReceivablesPolicyTextBlock_z4XM7F4kGbua" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_861_zTJ2PmAdhVKd">Accounts receivable, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 30 days. In establishing the required allowance for doubtful accounts, management considers historical collection experience, aging of the receivables, the economic environment, industry trend analysis, and the credit history and financial conditions of the customers. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. As of December 31, 2021 and 2020, allowance for the doubtful accounts was $<span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20211231_pp0p0" title="Allowance for the doubtful accounts">6,394,429</span> and $<span id="xdx_909_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_c20201231_pp0p0" title="Allowance for the doubtful accounts">565,793</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 6394429 565793 <p id="xdx_84E_eus-gaap--PremiumsReceivableBasisOfAccountingPolicy_zZ0X25AsVHq7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_86B_zWfiKTmrVMf4">Other receivables, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Other receivables primarily include deposits for business acquisitions, setup of research center, advances to employees, and others. Management regularly reviews the aging of receivables and changes in payment trends and records allowances when management believes collection of amounts due are at risk. Accounts considered uncollectable are written off against allowances after exhaustive efforts at collection are made. As of December 31, 2021 and 2020, allowance for the doubtful accounts was $<span id="xdx_90E_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_c20211231_pp0p0" title="Allowance for the doubtful accounts, Other receivables">13,665,255</span> and $<span id="xdx_90F_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_c20201231_pp0p0" title="Allowance for the doubtful accounts, Other receivables">32,937</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"/> 13665255 32937 <p id="xdx_84F_eus-gaap--InventoryPolicyTextBlock_zF3R0EVOqeMe" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_860_zSLFoZSZqBU">Inventories</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Inventories are comprised of finished goods and are stated at the lower of cost or net realizable value using the weighted average method. Management reviews inventories for obsolescence and cost in excess of net realizable value quarterly and records a reserve against the inventory when the carrying value exceeds net realizable value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84A_ecustom--PrepaymentsNetPoliciesTextBlock_zz0w5DsZ2Mvi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_861_z4PP1CidHcdj">Prepayments, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><span style="text-decoration: underline">Current</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Prepayments are cash deposited or advanced to suppliers for future inventory purchases. This amount is refundable and bears no interest. For any advances to suppliers determined by management that such advances will not be in receipts of inventories or refundable, the Company will recognize an allowance account to reserve such balances. Management reviews its advances to suppliers on a regular basis to determine if the allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary. As of December 31, 2021 and 2020, allowance for the doubtful accounts was $<span id="xdx_90C_ecustom--AllowanceForDoubtfulAccountsPrepayments_iI_pp0p0_c20211231_zw8oeMDju4kb" title="Allowance for doubtful accounts prepayments">1,487,210</span> and $<span id="xdx_90E_ecustom--AllowanceForDoubtfulAccountsPrepayments_iI_pp0p0_c20201231_zfFaippy36dl">147,631</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><span style="text-decoration: underline">Non-current</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Non-current prepayment represents cash deposited or advanced for software development expenditure. This amount is refundable and bears no interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> <b><i> </i></b></p> 1487210 147631 <p id="xdx_84D_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zjAOBqxybaci" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b><i><span id="xdx_866_zgHAN60PZxgk">Property and equipment, net</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_zy9LahMs2Lrh" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Details)"> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span id="xdx_8B5_zSTxNXijCUl" style="display: none">Schedule of estimated useful lives</span></td> <td style="line-height: 107%; text-align: center"> </td> <td style="line-height: 107%; text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="width: 35%; line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Category</span></td> <td style="width: 26%; line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation method</span></td> <td style="width: 39%; line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Estimated useful lives</span></td></tr> <tr style="vertical-align: top"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Building</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zFzy4JxpYslg" title="Property, Plant and Equipment, Useful Life">20</span> years</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Electronic devices</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_zo3v6PbDM2Ng" title="Property, Plant and Equipment, Useful Life">3</span> years</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Office equipment, fixtures and furniture</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_ztXRXWhE4HCb" title="Property, Plant and Equipment, Useful Life">3 </span>years</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Automobile</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--AutomobilesMember_zhFIWX0Ajnhb" title="Property, Plant and Equipment, Useful Life">3</span> years</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_zy9LahMs2Lrh" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Details)"> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span id="xdx_8B5_zSTxNXijCUl" style="display: none">Schedule of estimated useful lives</span></td> <td style="line-height: 107%; text-align: center"> </td> <td style="line-height: 107%; text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="width: 35%; line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Category</span></td> <td style="width: 26%; line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation method</span></td> <td style="width: 39%; line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Estimated useful lives</span></td></tr> <tr style="vertical-align: top"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Building</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zFzy4JxpYslg" title="Property, Plant and Equipment, Useful Life">20</span> years</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Electronic devices</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_zo3v6PbDM2Ng" title="Property, Plant and Equipment, Useful Life">3</span> years</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Office equipment, fixtures and furniture</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_ztXRXWhE4HCb" title="Property, Plant and Equipment, Useful Life">3 </span>years</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="line-height: 107%"><span style="font: 10pt Times New Roman, Times, Serif">Automobile</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Straight-line</span></td> <td style="line-height: 107%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--AutomobilesMember_zhFIWX0Ajnhb" title="Property, Plant and Equipment, Useful Life">3</span> years</span></td></tr> </table> P20Y P3Y P3Y P3Y <p id="xdx_847_eus-gaap--IntangibleAssetsFiniteLivedPolicy_zwWpystoB1k7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86E_z29I2pQVJJQj">Intangible assets</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company’s intangible assets with definite useful lives primarily consist of software development costs, patents and licensed software. The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company typically amortizes its intangible assets with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated useful lives of five to ten years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_843_eus-gaap--ResearchDevelopmentAndComputerSoftwarePolicyTextBlock_z5TnIUQMgVb2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86C_zTzeUMGMqlk">Software development costs</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company follows the provisions of ASC 350-40, “Internal Use Software”, to capitalize certain direct development costs associated with internal- used software. ASC 350-40 provides guidance on capitalization of the costs incurred for computer software developed or obtained for internal use. The Company expenses all costs incurred during the preliminary project stage of its development, and capitalizes costs incurred during the application development stage. Costs incurred relating to upgrades and enhancements to the application are capitalized if it is determined that these upgrades or enhancements add additional functionality to the application. The capitalized development cost is amortized on a straight-line basis over the estimated useful life, which is generally five years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84E_eus-gaap--ResearchAndDevelopmentExpensePolicy_zvdr1wJN1sR7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_866_zrOLzW0mgoUk">Research and development</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Research and development expenses include salaries and other compensation-related expenses to the Company’s research and product development personnel, as well as office rental, depreciation and related expenses for the Company’s research and product development team. The Company expenses all costs that are incurred in connection with the planning and implementation phases of development, and costs that are associated with maintenance of the existing websites or software for internal use.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> <b><i> </i></b></p> <p id="xdx_848_eus-gaap--BusinessCombinationsPolicy_zMAY1zempJN4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zfkBDgQcRnOh">Business Combinations</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company applies the provisions of ASC 805, <i>Business Combination </i>and allocates the fair value of purchases consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair values of the assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets, including but not limited to future expected cash flows from acquired technology and acquired trademarks and user base from a market participant perspective, useful lives and discount rates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"/> <p id="xdx_84B_ecustom--GoodwillPolicyTextBlock_zE7eNgDdLMDk" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_862_zIPQAE6pT1t8">Goodwill</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Goodwill represents the excess of the purchase consideration over the acquisition date amounts of the identifiable tangible assets acquired and liabilities assumed from the acquired entity as a result of the Company’s acquisitions of interests in its subsidiaries. Goodwill is not amortized but is tested for impairment if events or changes in circumstances indicate that it might be impaired. The company assessed qualitative factors to determine if it is necessary to perform quantitative assessment. In the qualitative assessment, the company considers factors such as macroeconomic conditions, industry and market considerations, overall financial performance, and other specific information related to the operations, business plans and strategies including consideration of the impact of the COVID-19 pandemic.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_844_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zTzuS7GssdYi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86A_zUTUNfTNUA0a">Impairment for long-lived assets other</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Long-lived assets, including property and equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of December 31, 2021, 2020 and 2019, impairment for long-lived assets was $<span id="xdx_908_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_c20210101__20211231_pp0p0" title="Impairment for long-lived assets">14,632,931</span>, $<span id="xdx_90A_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_c20200101__20201231_pp0p0" title="Impairment for long-lived assets">0</span> and $<span id="xdx_909_eus-gaap--ImpairmentOfLongLivedAssetsHeldForUse_c20190101__20191231_pp0p0" title="Impairment for long-lived assets">0</span> respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 14632931 0 0 <p id="xdx_847_eus-gaap--EquityMethodInvestmentsPolicy_zebJI2j92sL4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zotak511wU2i">Long-term investments</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Long-term investments include cost method investment and equity method investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Entities in which the Company has the ability to exercise significant influence, but does not have a controlling interest, are accounted for using the equity method. Significant influence is generally considered to exist when the Company has voting shares between 20% and 50%, and other factors, such as representation on the Board of Directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting is appropriate. Under this method of accounting, the Company records its proportionate share of the net earnings or losses of equity method investees and a corresponding increase or decrease to the investment balances. Dividends received from the equity method investments are recorded as reductions in the cost of such investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company accounts for investments with less than 20% of the voting shares and does not have the ability to exercise significant influence over operating and financial policies of the investee using the cost method. The Company records cost method investments at the historical cost in its consolidated financial statements and subsequently records any dividends received from the net accumulated earrings of the investee as income. Dividends received in excess of earnings are considered a return of investment and are recorded as reduction in the cost of the investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> <b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Long-term investments are evaluated for impairment when facts or circumstances indicate that the fair value of the long-term investments is less than its carrying value. Impairment is recognized when a decline in fair value is determined to be other-than- temporary. The Company reviews several factors to determine whether a loss is other-than-temporary. These factors include, but are not limited to, the: (i) nature of the investment; (ii) cause and duration of the impairment; (iii) extent to which fair value is less than cost; financial condition and near term prospects of the investments; and (v) ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. No event had occurred and indicated that other-than-temporary impairment existed and therefore the Company did <span id="xdx_90B_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20210101__20211231_zy5XhwJSb3Z" title="Impairment charges on investments"><span id="xdx_903_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20200101__20201231_zEpKRjPodVVa" title="Impairment charges on investments"><span id="xdx_90E_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20190101__20191231_zwPnNb1uEcJk" title="Impairment charges on investments">no</span></span></span>t record any impairment charges for its investments for the years ended December 31, 2021, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> 0 0 0 <p id="xdx_840_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_z9eORHQTCe3j" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_863_zvnpA92RwoB4">Fair value measurement</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">        Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">        Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">        Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84D_eus-gaap--RevenueRecognitionPolicyTextBlock_zexZkmDE1xke" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_867_zglYw4AID7Ti">Revenue recognition</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company adopted Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC 606). The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="text-decoration: underline">Sales of interactive toys</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company recognizes sales of interactive toys revenues upon shipment or upon receipt of products by the customer, depending on the terms, provided that: there are no uncertainties regarding customer acceptance; persuasive evidence of an agreement exists documenting the specific terms of the transaction; the sales price is fixed or determinable; and collectability is reasonably assured. Management assesses the business environment, the customer’s financial condition, historical collection experience, accounts receivable aging, and customer disputes to determine whether collectability is reasonably assured.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company routinely enters into arrangements with its customers to provide sales incentives, support customer promotions, and provide allowances for returns and defective merchandise. Such programs are based primarily on customer purchases, customer performance of specified promotional activities, and other specified factors such as sales to consumers. The costs of these programs are recorded as sales adjustments that reduce gross sales in the period the related sale is recognized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The products sold in the PRC are subject to a Chinese value-added tax (“VAT”). VAT taxes are presented as a reduction of revenue.<br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="text-decoration: underline">Mobile games</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i>Internal developed platform</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company operates the mobile games as live services that allow players to play for free. Within these games, players can purchase virtual currency to obtain virtual goods to enhance the game-playing experience. On the platform, players purchase virtual currency and/or virtual goods through various widely accepted payment methods offered in the games, including Alipay or WeChat and online bank transfer service providers. Advance payments from customers for virtual goods that are non-refundable that specify our obligations are recorded to deferred revenue. All other advance payments that do not meet these criteria are recorded as advances from customers. For virtual goods purchases upon immediately use with no future game-playing benefits, the Company recognizes such virtual goods purchase upon receipts of payment from the paying players. For virtual goods purchases for the conversion of future game-playing benefits or throughout the players’ playing life, the Company recognizes such virtual goods purchases ratably over the estimated average playing period of paying players for the applicable game, starting from the point in time when virtual items are delivered to the players’ accounts and all other revenue recognition criteria are met. The Company records revenue generated from mobile games on a gross basis as the Company is acting as the principal to fulfill all obligations related to the game operation. Fees paid to distribution channels and payment channels are recorded as cost of revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company considers the average period that players typically play the games and other game player behavior patterns, as well as various other factors to arrive at the best estimates for the estimated playing period of the paying players for each game. On a quarterly basis, the Company determined the estimated average playing period for paying players by analyzing paying players for that game who made their first virtual goods purchase during that period and counting their cumulative login days for each game. The Company then averages the time periods to determine the estimated paying playing period for that game. If a new game is launched and only a limited period of paying player data is available, then the Company considers other qualitative factors, such as the playing patterns for paying players for other games with similar characteristics and playing patterns of paying players, such as targeted players and purchasing frequency. While the Company believes its estimates to be reasonable based on available game player information, the Company may revise such estimates based on new information indicating a change in the game player behavior patterns and any adjustments are applied prospectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Based on the Company’s analysis, the estimated average playing period of paying players is approximately one to three months, and this estimate has been consistent since the Company’s initial analysis. No change has been made in such estimate during any of the periods presented. Future usage patterns may differ from historical usage patterns and therefore the estimated average playing periods may change in the future.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i>Third-party platform</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company also licenses third-parties to operate the Company’s mobile games developed internally through mobile platforms and receives revenue-based royalty payments from all the third-party licensee operators on a monthly basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The revenue- based royalty payments are recognized when all other revenue recognition criteria are met. The Company records the mobile game royalty revenue on a net basis, as the Company does not have the primary responsibility for fulfillment and acceptability of the game services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><i>Communication service</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify; text-indent: 24.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The communication service is mainly divided into three modules: SMS agency service, agency fee from mobile recharge and IDC service.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">SMS agency service and mobile recharge service provide customer services through the company’s platform; and IDC service which providing broadband, IP and others for customers’ router equipment. The sales revenue will be recognized after the customer confirms the statement generated from the platform. The premise is: the customer has no uncertainty in the acceptance, the sales price is fixed and determinable when contracted, and the retrievability is also reasonably guaranteed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="text-decoration: underline">Information service</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt">This is a service which provides products and technical services to customers generating from third-party media channels (such as WeChat official accounts, mini programs, APP, Tik Tok, Toutiao, Quick Worker, etc.), as well as commissioned development services for interactive marketing tools, company then charged according to the information services that contracted with the customers.</p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0pt">The sales revenue of the information service fee is recognized after the customer confirms the service provided is correct. The premise is: the customer has no uncertainty in the acceptance, the sales price is fixed and determinable when contracted, and the retrievability is also reasonably guaranteed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_845_ecustom--ShippingAndHandlingPolicyTextBlock_z2r4kdUAeUG6" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_869_zTrkWTV2a6qf">Shipping and handling</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 24.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Shipping and handling costs amounted to $<span id="xdx_90B_ecustom--ShippingAndHandlingCosts_c20210101__20211231_pp0p0" title="Shipping and handling costs">25,892</span>, $<span id="xdx_909_ecustom--ShippingAndHandlingCosts_c20200101__20201231_pp0p0" title="Shipping and handling costs">38,025</span> and $<span id="xdx_906_ecustom--ShippingAndHandlingCosts_c20190101__20191231_pp0p0" title="Shipping and handling costs">125,640</span> for the years ended December 31, 2021, 2020 and 2019, respectively. Shipping and handling costs are expensed as incurred and included in selling expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 25892 38025 125640 <p id="xdx_848_eus-gaap--AdvertisingCostsPolicyTextBlock_zyFerooDY7U9" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86A_zTvBxW5nXoEi">Advertising costs</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Advertising costs amounted to $<span id="xdx_903_eus-gaap--AdvertisingExpense_c20210101__20211231_pp0p0" title="Advertising costs">3,494,507</span>, $<span id="xdx_90E_eus-gaap--AdvertisingExpense_c20200101__20201231_pp0p0" title="Advertising costs">2,763</span> and $<span id="xdx_90D_eus-gaap--AdvertisingExpense_c20190101__20191231_pp0p0" title="Advertising costs">31,176</span> for the years ended December 31, 2021, 2020 and 2019, respectively. Advertising costs are expensed as incurred and included in selling expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 3494507 2763 31176 <p id="xdx_846_eus-gaap--LesseeLeasesPolicyTextBlock_z2hUCUevbpFe" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_867_zM4j7DGmykwh">Operating leases</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">A lease for which substantially all the benefits and risks incidental to ownership remain with the lessor is classified by the lessee as an operating lease. All leases of the Company are currently classified as operating leases. The Company records the total expenses on a straight-line basis over the lease term, and the accounting of operating lease in this report has been updated to reflect the adoption of FASB’s new guidance on the recognition and measurement of leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_848_ecustom--GovernmentSubsidiesPoliciesTextBlock_zkUZDoDIPk71" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_868_zDIn3p720pIk">Government subsidies</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Government subsidies mainly represent amounts granted by local government authorities as an incentive for companies to promote development of the local technology industry. The Company receives government subsidies related to government sponsored projects, and records such government subsidies as a liability when it is received. The Company records government subsidies as other income when there is no further performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Total government subsidies amounted to $<span id="xdx_90C_ecustom--GovernmentSubsidies_c20210101__20211231_pp0p0" title="Government subsidies">99,948</span>, $<span id="xdx_90A_ecustom--GovernmentSubsidies_c20200101__20201231_pp0p0" title="Government subsidies">28,623</span> and $<span id="xdx_90B_ecustom--GovernmentSubsidies_c20190101__20191231_pp0p0" title="Government subsidies">221,467</span> for the years ended December 31, 2021, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 99948 28623 221467 <p id="xdx_849_ecustom--ValueAddedTaxesPoliciesTextBlock_zlQvxy77J3g7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_860_zHmpJ74Qh4ub">Value added taxes</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13%, depending on the type of service provided. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in tax payable. All of the VAT returns filed by the Company’s subsidiaries in China have been and remain subject to examination by the tax authorities for five years from the date of filing.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_849_eus-gaap--IncomeTaxPolicyTextBlock_zT4jssWzAQci" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_869_zXPOJVmZr5p2">Income taxes</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_847_eus-gaap--ComprehensiveIncomePolicyPolicyTextBlock_z3ki7V9feQTk" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86B_zVazbxLcAn5e">Comprehensive income</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 24.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Comprehensive income consists of two components, net income and other comprehensive (loss) income. Other comprehensive (loss) income refers to revenue, expenses, gains and losses that under U.S. GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive (loss) income consists of a foreign currency translation adjustment resulting from the Company not using the U.S. dollar as its functional currencies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84B_eus-gaap--EarningsPerSharePolicyTextBlock_zfOnzyq8GqF5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_866_z6JLC11lJpS7">Earnings per share</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. The dilutive shares were <span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20210101__20211231_pdd" title="Dilutive shares">7,463,213</span> and <span id="xdx_903_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200101__20201231_pdd" title="Dilutive shares">1,305,380</span> for the years ended December 31, 2021 and 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 7463213 1305380 <p id="xdx_847_eus-gaap--CompensationRelatedCostsPolicyTextBlock_z2h6veCaJo21" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_86F_z0qyignK6K93">Employee benefits</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The full-time employees of the Company are entitled to staff welfare benefits including medical care, housing fund, pension benefits, unemployment insurance and other welfare, which are government mandated defined contribution plans by law. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Total expenses for the plans were $<span id="xdx_906_eus-gaap--DefinedBenefitPlanServiceCost_c20210101__20211231_pp0p0" title="Employee benefits">104,287</span> $ <span id="xdx_908_eus-gaap--DefinedBenefitPlanServiceCost_c20200101__20201231_pp0p0" title="Employee benefits">23,235</span> and $<span id="xdx_909_eus-gaap--DefinedBenefitPlanServiceCost_c20190101__20191231_pp0p0" title="Employee benefits">81,118</span> for the years ended December 31, 2021, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> 104287 23235 81118 <p id="xdx_841_ecustom--StatutoryReservesPoliciesTextBlock_z0uVjgjnfqC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><i><span id="xdx_868_zTv9ETtqxSF2">Statutory reserves</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end). If the Company has accumulated loss from prior periods, the Company is able to use the current period net income after tax to offset against the accumulate loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p id="xdx_84F_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zj9rPcIQkXj2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><b><span id="xdx_86D_zXPeGAkoIIYg">Recently issued accounting pronouncements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-indent: 30.1pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">In January 2020, the FASB issued ASU No. 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the FASB Emerging Issues Task Force) (“ASU 2020-01”), which clarifies the interactions of the accounting for certain equity securities under ASC 321, investments accounted for under the equity method of accounting in ASC 323, and the accounting for certain forward contracts and purchased options accounted for under ASC 815. ASU 2020-01 could change how an entity accounts for (i) an equity security under the measurement alternative and (ii) a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with ASC 825. These amendments improve current U.S. GAAP by reducing diversity in practice and increasing comparability of the accounting for these interactions. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 31, 2020. Early adoption is permitted. The Company is currently in the process of evaluating the of adopting ASU 2020-01 on its consolidated financial statements and related disclosure.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which focuses on amending the legacy guidance on convertible instruments and the derivatives scope exception for contracts in an entity’s own equity. ASU 2020-06 simplifies an issuer’s accounting for convertible instruments by reducing the number of accounting models that require separate accounting for embedded conversion features. ASU 2020-06 also simplifies the settlement assessment that entities are required to perform to determine whether a contract qualifies for equity classification. Further, ASU 2020-06 enhances information transparency by making targeted improvements to the disclosures for convertible instruments and earnings-per-share (EPS) guidance, i.e., aligning the diluted EPS calculation for convertible instruments by requiring that an entity use the if-converted method and that the effect of potential share settlement be included in the diluted EPS calculation when an instrument may be settled in cash or shares, adding information about events or conditions that occur during the reporting period that cause conversion contingencies to be met or conversion terms to be significantly changed. This update will be effective for the Company’s fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Entities can elect to adopt the new guidance through either a modified retrospective method of transition or a fully retrospective method of transition. The Company is currently in the process of evaluating the impact of adopting ASU 2020-06 on its consolidated financial statements and related disclosure.<br/> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"/> <p id="xdx_800_eus-gaap--VariableInterestEntityDisclosureTextBlock_z55DoclIygn" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">3. <span id="xdx_82A_zbNfeZCr8Llj">VARIABLE INTEREST ENTITY (“VIE”)</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">On November 13, 2018, Blue Hat WFOE entered into Contractual Arrangements with Blue Hat Fujian, and December 2020, Xinyou Technology entered into Contractual Arrangements with Fujian Roar. The significant terms of these Contractual Arrangements are summarized in “Note 1 - Nature of business and organization” above. As a result, the Company classifies Blue Hat Fujian and Fujian Roar Game as VIEs which should be consolidated based on the structure as described in Note 1.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">A VIE is an entity that has either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. The variable interest entity equity holders are deemed to have a controlling financial interest and be the primary beneficiary of our wholly owned entity because they have both of the following characteristics:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The power to direct activities at wholly owned entity that most significantly impact such entity’s economic performance, and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">The right to receive benefits from wholly owned entity that could potentially be significant to such entity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Pursuant to the Contractual Arrangements, our wholly owned entity pays service fees equal to all of its net income to variable interest entity equity holders. The Contractual Arrangements are designed so that our wholly owned entity operates for the benefit of the variable interest entity equity holders and ultimately, the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify">Accordingly, the account of our wholly owned entity is consolidated in the accompanying financial statements. In addition, its financial positions and results of operations are included in the Company’s consolidated financial statements. The carrying amount of the VIEs’ consolidated assets and liabilities are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfVariableInterestEntitiesTextBlock_zPj6E1qOYTf1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - VARIABLE INTEREST ENTITY ('VIE') (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BF_zRpPdXWhkUW5" style="display: none">Schedule of Variable Interest Entities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20211231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20201231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--AssetsCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current assets</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,702,528</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">46,208,525</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">211,924</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">112,745</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--OtherAssetsNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other non-current assets</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,672,824</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">20,557,626</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_ecustom--AssetRelatedToDiscontinuedOperation_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Asset related to discontinued operation</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1211">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,348,621</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--Assets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total assets</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">17,587,276</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">69,227,517</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_408_eus-gaap--Liabilities_iNI_pp0p0_di_zrvw7TQUgq3d" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(10,825,262</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(12,733,930</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_407_eus-gaap--AssetsNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net assets</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,762,014</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">56,493,587</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr id="xdx_403_eus-gaap--LiabilitiesCurrentAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current liabilities:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--ShortTermBorrowings_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Short-term loans - banks</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">860,915</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,624,547</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current maturities of long-term loans   third party</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1232">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">14,117</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--AccountsPayableCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">959,198</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">211,566</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables and accrued liabilities</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,328,862</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,480,127</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--OtherAccruedLiabilitiesCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables   related party</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">211,271</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">22,529</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--OperatingLeaseLiabilityCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liability - current</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">97,052</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">242,046</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--ContractWithCustomerLiabilityCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Customer deposits</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,500,677</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1248">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_407_eus-gaap--AccruedIncomeTaxes_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Taxes payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,287,640</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,574,326</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--LiabilitiesRelatedToDiscontinuedOperation_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Liabilities related to discontinued operation</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1253">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,058,917</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--LiabilitiesCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total current liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,245,615</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,228,175</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiabilityNoncurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">62,057</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1260">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--LongTermDebt_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Long-term loans - third party</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">517,590</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">505,755</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_ecustom--VariableInterestEntityConsolidatedLiabilities_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total liabilities</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,825,262</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,733,930</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The summarized operating results of the VIEs are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20210101_20211231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20200101_20201231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20190101_20191231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Year ended</td><td> </td> <td colspan="3" style="text-align: center">Year ended</td><td> </td> <td colspan="3" style="text-align: center">Year ended</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2019</td></tr> <tr id="xdx_403_eus-gaap--VariableInterestEntityActivityBetweenVIEAndEntityRevenues_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Revenues</td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">15,155,074</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">24,599,923</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">23,834,129</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--GrossProfit_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gross profit</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(6,482,924</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">13,420,020</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">16,302,329</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Loss) Income from operations</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(55,966,045</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,511,579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,153,956</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeLossFromContinuingOperations_zytzUo56d616" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net (Loss) income from continuing operation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(55,453,545</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">9,548,866</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,747,395</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_zNLmcsWYm8x4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net income from discontinued operation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">833,876</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">233,153</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1286">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossAttributableToNoncontrollingInterest_zh8a5NQoSz11" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-controlling interest from continuing operation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2,918,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1289">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1290">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeLossIncludingPortionAttributableToNoncontrollingInterest_z6cF6jaTIee3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-controlling interest from discontinued operation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1292">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">111,404</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1294">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net income attributable to VIE’s</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(51,700,989</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">9,670,615</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,747,395</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfVariableInterestEntitiesTextBlock_zPj6E1qOYTf1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - VARIABLE INTEREST ENTITY ('VIE') (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BF_zRpPdXWhkUW5" style="display: none">Schedule of Variable Interest Entities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20211231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20201231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--AssetsCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current assets</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,702,528</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">46,208,525</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">211,924</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">112,745</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--OtherAssetsNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other non-current assets</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,672,824</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">20,557,626</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_ecustom--AssetRelatedToDiscontinuedOperation_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Asset related to discontinued operation</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1211">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,348,621</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--Assets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total assets</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">17,587,276</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">69,227,517</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_408_eus-gaap--Liabilities_iNI_pp0p0_di_zrvw7TQUgq3d" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(10,825,262</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(12,733,930</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_407_eus-gaap--AssetsNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net assets</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,762,014</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">56,493,587</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr id="xdx_403_eus-gaap--LiabilitiesCurrentAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current liabilities:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--ShortTermBorrowings_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Short-term loans - banks</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">860,915</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,624,547</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current maturities of long-term loans   third party</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1232">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">14,117</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--AccountsPayableCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">959,198</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">211,566</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables and accrued liabilities</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,328,862</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,480,127</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--OtherAccruedLiabilitiesCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables   related party</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">211,271</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">22,529</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--OperatingLeaseLiabilityCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liability - current</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">97,052</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">242,046</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--ContractWithCustomerLiabilityCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Customer deposits</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,500,677</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1248">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_407_eus-gaap--AccruedIncomeTaxes_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Taxes payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,287,640</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,574,326</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--LiabilitiesRelatedToDiscontinuedOperation_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Liabilities related to discontinued operation</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1253">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,058,917</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--LiabilitiesCurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total current liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,245,615</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,228,175</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiabilityNoncurrent_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">62,057</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1260">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--LongTermDebt_i01I_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Long-term loans - third party</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">517,590</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">505,755</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_ecustom--VariableInterestEntityConsolidatedLiabilities_i01I_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total liabilities</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,825,262</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,733,930</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The summarized operating results of the VIEs are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20210101_20211231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20200101_20201231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20190101_20191231_custom--VariableInterestEntitiesAxis_custom--VariableInterestEntityMember" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Year ended</td><td> </td> <td colspan="3" style="text-align: center">Year ended</td><td> </td> <td colspan="3" style="text-align: center">Year ended</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2019</td></tr> <tr id="xdx_403_eus-gaap--VariableInterestEntityActivityBetweenVIEAndEntityRevenues_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Revenues</td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">15,155,074</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">24,599,923</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">23,834,129</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--GrossProfit_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gross profit</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(6,482,924</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">13,420,020</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">16,302,329</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Loss) Income from operations</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(55,966,045</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,511,579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,153,956</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeLossFromContinuingOperations_zytzUo56d616" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net (Loss) income from continuing operation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(55,453,545</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">9,548,866</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,747,395</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_zNLmcsWYm8x4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net income from discontinued operation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">833,876</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">233,153</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1286">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossAttributableToNoncontrollingInterest_zh8a5NQoSz11" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-controlling interest from continuing operation</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2,918,680</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1289">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1290">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeLossIncludingPortionAttributableToNoncontrollingInterest_z6cF6jaTIee3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Non-controlling interest from discontinued operation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1292">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">111,404</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1294">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net income attributable to VIE’s</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(51,700,989</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">9,670,615</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,747,395</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> 6702528 46208525 211924 112745 10672824 20557626 2348621 17587276 69227517 10825262 12733930 6762014 56493587 860915 1624547 14117 959198 211566 3328862 1480127 211271 22529 97052 242046 1500677 3287640 6574326 2058917 10245615 12228175 62057 517590 505755 10825262 12733930 15155074 24599923 23834129 -6482924 13420020 16302329 -55966045 11511579 11153956 -55453545 9548866 10747395 833876 233153 -2918680 111404 -51700989 9670615 10747395 <p id="xdx_806_eus-gaap--AssetAcquisitionTextBlock_zR69tdLGumFh" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> <span style="font-size: 10pt; text-transform: uppercase">4. <span id="xdx_825_zDtQASbCB1bb">Acquisitions</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During 2021, the Company completes acquisitions of Fresh Joy Entertainment Limited (“Fresh Joy”) and Fujian Youth Hand in Hand Educational Technology Co., Ltd. (“Fujian Youth”). The transaction was accounted for in accordance with the provisions of ASC 805-10, <i>Business Combinations</i>. The values assigned in these financial statements represent management’s best estimate of fair values as of the Acquisition Date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i>Acquisition of Fresh Joy</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 25, 2021, Blue Hat Cayman entered into an acquisition pursuant to which it acquired 100% entity interest of Fresh Joy for an aggregated purchase price of $7.7736 million (the “Purchase Price”), of which 50% paid in cash and the other half paid in the Company’s restricted ordinary shares (the “Ordinary Shares”) at a per share price of the higher of the weighted average volume price of the 20 trading days prior to the issuance of such Ordinary Shares, or $4, the IPO price of the Company’s Ordinary Shares, subject to certain performance targets. Through its affiliated Xinyou Entertainment and Xinyou Technology, signed a series of VIE agreements with Fujian Roar Game It holds 51% equity of Fuzhou Csfctech Co., Ltd and 100% equity of Fuzhou UC71 Co., Ltd (the “Fresh Joy Group”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Performance target for Fuzhou CSFC net profit is $<span id="xdx_904_ecustom--NetProfitAchieved_pp0n3_dm_c20210101__20211231_zEUsJG6hKjQd" title="Net profit achieved">2.2 </span>million, $<span id="xdx_907_ecustom--NetProfitAchieved_pp0n3_dm_c20200101__20201231_zt2JjJFSc0f7" title="Net profit achieved">3.67</span> million and $<span id="xdx_903_ecustom--NetProfitAchieved_pp0n3_dm_c20190101__20191231_zURrUsTto3qh" title="Net profit achieved">5.88</span> million to be achieved for each year ending December 31, 2020, 2021 and 2022 respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Up to reporting date, the Company has paid $0 to Fresh Joy. The following table summarizes the combined acquisition date fair value of the assets, including intangible assets, liabilities, assumed and related goodwill acquired from Fresh Joy Group:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_88F_eus-gaap--ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_zCXLQzKB6Q72" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisitions (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zNucdh7kA8E9" style="display: none">Schedule of acquisition date fair value of the assets liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20211231__us-gaap--BusinessAcquisitionAxis__custom--FreshJoyMember_z9uTjKbzD06l" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivables</span></td> <td style="width: 10%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 18%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,432,414</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOtherReceivables_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other receivables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">49,704</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Prepayments, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,797,617</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_ecustom--RightofuseAssets_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Right-of-use assets</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">91,513</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Property, plant and equipment, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">148,095</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Intangible assets</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,876,455</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">136,546</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total assets acquired</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">15,532,344</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other payables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,462,953</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_ecustom--TaxesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Taxes payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,185,779</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_ecustom--CustomerDeposits_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Customer deposits</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">597,380</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--ShortTermLoansBank_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Short term loans, bank</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">849,959</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liability</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">96,131</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total Liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,192,202</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net identifiable assets acquired</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,340,142</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--MinorityInterest_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: Non-controlling interest</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,379,104</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--Goodwill_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Add: Goodwill</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,792,056</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total purchase price for acquisition net of $20,506 of cash</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,753,094</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A4_zcFSYhXalOO" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> <i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has included the operating results of Fresh Joy Group in our consolidated financial statements since the Acquisition Date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Acquisition of Fujian Youth Hand in Hand Educational Technology Co., Ltd</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 18, 2017, Blue Hat Fujian formed a joint venture, contributing a 48.5% equity interest in Fujian Youth. Subsequently in January, 2021, the Company entered into a contract with a third party to acquire the rest of 51.5% equity of Fujian Youth with purchase consideration in aggregate was $163,270.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table summarizes the combined acquisition date fair value of the assets, including intangible assets, liabilities, assumed and related goodwill acquired from Fujian Youth:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_hus-gaap--BusinessAcquisitionAxis__custom--FujianYouthHandMember_zKtdJxJtuWbh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisitions (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B4_zfxFAghCPHp" style="display: none">Schedule of acquisition date fair value of the assets liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20211231__us-gaap--BusinessAcquisitionAxis__custom--FujianYouthHandInHandEducationalTechnologyMember_zAri6EGi7hc7" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_iI_pp0p0_zEkLeb9bDoxi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivables</span></td> <td style="width: 10%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 18%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">78,772</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOtherReceivables_iI_pp0p0_zgsn7Lbxbpl5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other receivables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,321</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Inventories</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,955</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_iI_pp0p0_zXDhSUJJHggl" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Prepayments</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,215,130</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_pp0p0_zVxwRwcyjoGl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Property, plant and equipment, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">153</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets_iI_pp0p0_zQcWoOzmJ1E8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Intangible assets, net</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">910,284</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_iI_pp0p0_zMx7nXF7gby6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total assets acquired</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,217,615</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iI_pp0p0_zHerVG8FmMw4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other payables</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,993,335</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iI_pp0p0_zk7eVnm94x" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total Liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,993,335</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_pp0p0_zuJ2l89B5wB7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net identifiable assets acquired</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">224,280</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--MinorityInterest_iI_pp0p0_zgxWskumVwma" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: 48.5% owned by Blue Hat Interactive Entertainment Technology</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">75,547</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--Goodwill_iI_pp0p0_zE36RQDCUure" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Add: Goodwill</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">14,537</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest_iI_pp0p0_zYEYo3l75R53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total purchase price for acquisition net of $944 of cash</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">163,270</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p id="xdx_8A6_zeMwOgoNVNdb" style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has included the operating results of Fujian Youth in our consolidated financial statements since the Acquisition Date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> 2200000 3670000 5880000 <table cellpadding="0" cellspacing="0" id="xdx_88F_eus-gaap--ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_zCXLQzKB6Q72" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisitions (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zNucdh7kA8E9" style="display: none">Schedule of acquisition date fair value of the assets liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20211231__us-gaap--BusinessAcquisitionAxis__custom--FreshJoyMember_z9uTjKbzD06l" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivables</span></td> <td style="width: 10%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 18%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,432,414</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOtherReceivables_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other receivables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">49,704</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Prepayments, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,797,617</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_ecustom--RightofuseAssets_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Right-of-use assets</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">91,513</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Property, plant and equipment, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">148,095</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Intangible assets</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,876,455</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">136,546</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total assets acquired</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">15,532,344</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other payables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,462,953</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_ecustom--TaxesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Taxes payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,185,779</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_ecustom--CustomerDeposits_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Customer deposits</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">597,380</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--ShortTermLoansBank_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Short term loans, bank</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">849,959</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liability</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">96,131</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total Liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,192,202</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net identifiable assets acquired</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,340,142</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--MinorityInterest_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: Non-controlling interest</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,379,104</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--Goodwill_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Add: Goodwill</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,792,056</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total purchase price for acquisition net of $20,506 of cash</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,753,094</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 6432414 49704 1797617 91513 148095 6876455 136546 15532344 2462953 2185779 597380 849959 96131 6192202 9340142 5379104 3792056 7753094 <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_hus-gaap--BusinessAcquisitionAxis__custom--FujianYouthHandMember_zKtdJxJtuWbh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisitions (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B4_zfxFAghCPHp" style="display: none">Schedule of acquisition date fair value of the assets liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20211231__us-gaap--BusinessAcquisitionAxis__custom--FujianYouthHandInHandEducationalTechnologyMember_zAri6EGi7hc7" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_iI_pp0p0_zEkLeb9bDoxi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivables</span></td> <td style="width: 10%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 18%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">78,772</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_ecustom--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOtherReceivables_iI_pp0p0_zgsn7Lbxbpl5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other receivables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,321</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Inventories</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,955</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets_iI_pp0p0_zXDhSUJJHggl" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Prepayments</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,215,130</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_pp0p0_zVxwRwcyjoGl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Property, plant and equipment, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">153</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets_iI_pp0p0_zQcWoOzmJ1E8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Intangible assets, net</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">910,284</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_iI_pp0p0_zMx7nXF7gby6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total assets acquired</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,217,615</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable_iI_pp0p0_zHerVG8FmMw4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other payables</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,993,335</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iI_pp0p0_zk7eVnm94x" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total Liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,993,335</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_pp0p0_zuJ2l89B5wB7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net identifiable assets acquired</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">224,280</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--MinorityInterest_iI_pp0p0_zgxWskumVwma" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: 48.5% owned by Blue Hat Interactive Entertainment Technology</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">75,547</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--Goodwill_iI_pp0p0_zE36RQDCUure" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Add: Goodwill</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">14,537</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest_iI_pp0p0_zYEYo3l75R53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total purchase price for acquisition net of $944 of cash</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">163,270</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> 78772 10321 2955 1215130 153 910284 2217615 1993335 1993335 224280 75547 14537 163270 <p id="xdx_80C_eus-gaap--AccountsAndNontradeReceivableTextBlock_zsIHAMtTdh6l" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">5. <span id="xdx_82A_z6c21hXBV8L8">Accounts receivable, net</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable, net consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_z8SELYqWOfDh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BF_zF5qLemdHCi3" style="display: none">Schedule of accounts receivable</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20211231" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20201231" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr id="xdx_409_eus-gaap--AccountsReceivableGross_iI_pp0p0_maARNz9tH_zhOK3CeMCVK2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivable</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">23,074,123</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">16,439,291</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNI_pp0p0_di_msARNz9tH_zkPWX9kJZa4d" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(6,394,429</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(565,793</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_403_eus-gaap--AccountsReceivableNet_iTI_pp0p0_mtARNz9tH_z65LUFszT11h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total accounts receivable, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">16,679,694</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">15,873,498</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8AA_z1KyYHodGrB5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-indent: 20pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Movements of allowance for doubtful accounts are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_zj0xfIyEiDi7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B7_z3yewi47wSu6" style="display: none">Schedule of movements of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Beginning balance</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_986_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iS_pp0p0_c20210101__20211231_z60YQwdye5zl" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">565,793</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_987_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iS_pp0p0_c20200101__20201231_zI9FVmNfXFa2" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">1,467,374</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">(Write-off)/Addition</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_eus-gaap--AllowanceForLoanAndLeaseLossesAdjustmentsNet_c20210101__20211231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font: 10pt Times New Roman, Times, Serif">5,747,069</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--AllowanceForLoanAndLeaseLossesAdjustmentsNet_c20200101__20201231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(909,223</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Exchange rate effect</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_ecustom--ExchangeRateEffect_c20210101__20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">81,567</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_ecustom--ExchangeRateEffect_c20200101__20201231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"/></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Ending balance</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iE_pp0p0_c20210101__20211231_zGMzUsdF6ov2" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">6,394,429</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iE_pp0p0_c20200101__20201231_zjHipjR9xbHh" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">565,793</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A0_zdPJX9tXOvGh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_z8SELYqWOfDh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BF_zF5qLemdHCi3" style="display: none">Schedule of accounts receivable</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20211231" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20201231" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr id="xdx_409_eus-gaap--AccountsReceivableGross_iI_pp0p0_maARNz9tH_zhOK3CeMCVK2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivable</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">23,074,123</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">16,439,291</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNI_pp0p0_di_msARNz9tH_zkPWX9kJZa4d" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(6,394,429</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(565,793</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_403_eus-gaap--AccountsReceivableNet_iTI_pp0p0_mtARNz9tH_z65LUFszT11h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total accounts receivable, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">16,679,694</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">15,873,498</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 23074123 16439291 6394429 565793 16679694 15873498 <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_zj0xfIyEiDi7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B7_z3yewi47wSu6" style="display: none">Schedule of movements of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Beginning balance</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_986_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iS_pp0p0_c20210101__20211231_z60YQwdye5zl" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">565,793</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_987_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iS_pp0p0_c20200101__20201231_zI9FVmNfXFa2" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">1,467,374</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">(Write-off)/Addition</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_eus-gaap--AllowanceForLoanAndLeaseLossesAdjustmentsNet_c20210101__20211231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font: 10pt Times New Roman, Times, Serif">5,747,069</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--AllowanceForLoanAndLeaseLossesAdjustmentsNet_c20200101__20201231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(909,223</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Exchange rate effect</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_ecustom--ExchangeRateEffect_c20210101__20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">81,567</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_ecustom--ExchangeRateEffect_c20200101__20201231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,642</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"/></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Ending balance</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iE_pp0p0_c20210101__20211231_zGMzUsdF6ov2" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">6,394,429</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iE_pp0p0_c20200101__20201231_zjHipjR9xbHh" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">565,793</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 565793 1467374 5747069 -909223 81567 7642 6394429 565793 <p id="xdx_803_ecustom--OtherReceivablesNetTextBlock_zBUVdwf5IWpj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">6. <span id="xdx_82F_zRr9n9OFxAz9">Other receivables, net</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other receivables consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfOtherReceivablesTableTextBlock_z4X0etRvO7Bg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER RECEIVABLES, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B9_zsbaMV3YrLze" style="display: none">Schedule of other receivables</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20211231_zsB8bYm7RqJc" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20201231_zgwJGwGn8lu4" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--DepositAssets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Deposit for business acquisitions</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">13,485,383</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">13,177,023</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_ecustom--DepositForSetupOfResearchCenter_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Deposit for set-up of research center</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">94,107</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">91,955</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--OtherReceivables_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Others</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,062,247</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,093,573</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iNI_pp0p0_di_zpKkye1SuDqe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(13,665,255</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(32,937</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_eus-gaap--OtherReceivablesNetCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total other receivables, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,976,482</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">14,329,614</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A9_zJc0pRR063v1" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Movements of allowance for doubtful accounts are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_890_ecustom--MovementsOfAllowanceForDoubtfulAccountsTableTextBlock_zBNRRSmxmFa2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER RECEIVABLES, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B9_zkchHXHhgema" style="display: none">Schedule of movements of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Beginning balance</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iS_pp0p0_c20210101__20211231_zmW6K524imi5" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">32,937</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iS_pp0p0_c20200101__20201231_zkGkilgWEjo2" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">42,676</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Addition/(Write-off)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_ecustom--Addition_c20210101__20211231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,471,554</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_ecustom--Addition_c20200101__20201231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font: 10pt Times New Roman, Times, Serif">(12,691</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Exchange rate effect</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_ecustom--ExchangeRateEffects_c20210101__20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">160,764</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_ecustom--ExchangeRateEffects_c20200101__20201231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">2,952</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Ending balance</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iE_pp0p0_c20210101__20211231_ztPhaUkKh3l3" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">13,665,255</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iE_pp0p0_c20200101__20201231_zhb8iINkzodf" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">32,937</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A8_z73l8IjSqXG9" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company acquired Fuzhou CSFC subject to customary conditions; it signed a three party agreement that involves Fuzhou CSFC and Quanzhou Yiang Trading Co., Ltd (“Yiang”), of which Yiang is an independent third party. As of December 31, 2021, the Company paid a refundable deposit of $<span id="xdx_90B_ecustom--PaymentOfRefundableDeposit_c20210101__20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--YiangMember_pp0p0" title="Payment of refundable deposit">6,546,537</span> to Yiang as a guarantee, if the financial performance of Fuzhou CSFC does not meet the agreed terms.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company signed a non-binding letter of intent to acquire a controlling equity interest of Fuzhou Tornado Network Technology Co., Ltd (“Tornado”), subject to customary conditions. Tornado is a developer and distributor of mobile games in China with an international user base across Mainland China, South Korea, the United Arab Emirates and North America. The acquisition price is expected to be based on the valuation of the acquired entities carried out by a qualified independent third party. The Company signed a three party agreement that involves Tornado and Quanzhou Chengtai Co., Ltd (“Chengtai”), of which Chengtai is an independent third party. As of December 31, 2021 the Company paid a refundable deposit of $<span id="xdx_902_ecustom--PaymentOfRefundableDeposit_c20210101__20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChengtaiMember_pp0p0" title="Payment of refundable deposit">6,938,846</span> to Chengtai as a guarantee. There is no assurance that the proposed transaction will be consummated, particularly if the financial performance of Tornado does not meet the agreed terms.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, the Company is aiming to establish a research center with Beijing Zhongrun Minan Intelligence Technology Co., Ltd (“Zhongrun”). The project will develop a training platform and application for kindergarten. As of December 31, 2021, the Company paid $<span id="xdx_90F_ecustom--PaymentOfRefundableDeposit_c20210101__20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ZhongrunMember_pp0p0" title="Payment of refundable deposit">94,107</span> to Zhongrun as a refundable deposit for preliminary costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfOtherReceivablesTableTextBlock_z4X0etRvO7Bg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER RECEIVABLES, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B9_zsbaMV3YrLze" style="display: none">Schedule of other receivables</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20211231_zsB8bYm7RqJc" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20201231_zgwJGwGn8lu4" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--DepositAssets_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Deposit for business acquisitions</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">13,485,383</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">13,177,023</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_ecustom--DepositForSetupOfResearchCenter_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Deposit for set-up of research center</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">94,107</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">91,955</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--OtherReceivables_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Others</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,062,247</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,093,573</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iNI_pp0p0_di_zpKkye1SuDqe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(13,665,255</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(32,937</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_eus-gaap--OtherReceivablesNetCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total other receivables, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,976,482</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">14,329,614</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 13485383 13177023 94107 91955 3062247 1093573 13665255 32937 2976482 14329614 <table cellpadding="0" cellspacing="0" id="xdx_890_ecustom--MovementsOfAllowanceForDoubtfulAccountsTableTextBlock_zBNRRSmxmFa2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER RECEIVABLES, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B9_zkchHXHhgema" style="display: none">Schedule of movements of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Beginning balance</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iS_pp0p0_c20210101__20211231_zmW6K524imi5" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">32,937</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iS_pp0p0_c20200101__20201231_zkGkilgWEjo2" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">42,676</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Addition/(Write-off)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_ecustom--Addition_c20210101__20211231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,471,554</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_ecustom--Addition_c20200101__20201231_pp0p0" style="text-align: right" title="(Write-off)/Addition"><span style="font: 10pt Times New Roman, Times, Serif">(12,691</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Exchange rate effect</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_ecustom--ExchangeRateEffects_c20210101__20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">160,764</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_ecustom--ExchangeRateEffects_c20200101__20201231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">2,952</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Ending balance</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iE_pp0p0_c20210101__20211231_ztPhaUkKh3l3" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">13,665,255</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iE_pp0p0_c20200101__20201231_zhb8iINkzodf" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">32,937</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 32937 42676 13471554 -12691 160764 2952 13665255 32937 6546537 6938846 94107 <p id="xdx_80E_ecustom--PrepaymentsNetTextBlock_zsjSF1FYUk0j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">7. <span id="xdx_829_zjRe4US6T4Oc">Prepayments, net</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prepayments, net consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfPrepaymentsNetTableTextBlock_z17haI0ufg6l" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAYMENTS, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B3_z1VH8XwSWax8" style="display: none">Schedule of Prepayments, net</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20211231_zRH26GYa0pS3" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20201231_zjd6U0Icxq23" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--PrepaymentsCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Prepayments - current</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,290,993</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">605,463</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_ecustom--PrepaymentNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Prepayments - non-current</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,288,302</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,158,397</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_ecustom--AllowanceForDoubtfulAccountsCurrent_iNI_pp0p0_di_zEOoqvg4Zzyh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts - current</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(1,487,210</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(147,631</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_ecustom--AllowanceForDoubtfulAccountsNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts -non-current</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(8,583,490</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1472">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_ecustom--TotalPrepaymentsNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total prepayments, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,508,595</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,616,229</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A4_zdTi48lXvVP1" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Movements of allowance for doubtful accounts are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfMovementsOfAllowanceForDoubtfulAccountsTableTextBlock_zE3fPQk49tRe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAYMENTS, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B5_zvgliqYthkd4" style="display: none">Schedule of Movements of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Beginning balance</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pp0p0_c20210101__20211231_zZ8JKAnGM3De" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">147,631</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pp0p0_c20200101__20201231_zBIpnhITrk25" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">188,264</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Addition</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_ecustom--Additions_c20210101__20211231_pp0p0" style="text-align: right" title="Addition"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,803,067</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_ecustom--Additions_c20200101__20201231_pp0p0" style="text-align: right" title="Addition"><span style="font: 10pt Times New Roman, Times, Serif">(50,757</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Exchange rate effect</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_ecustom--ExchangeRatesEffect_c20210101__20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">120,002</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_ecustom--ExchangeRatesEffect_c20200101__20201231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">10,124</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Ending balance</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pp0p0_c20210101__20211231_zOaep87bxBC6" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">10,070,700</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pp0p0_c20200101__20201231_zPqXuDU0Gor" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">147,631</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A8_zkA4DOkYzd9k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfPrepaymentsNetTableTextBlock_z17haI0ufg6l" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAYMENTS, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B3_z1VH8XwSWax8" style="display: none">Schedule of Prepayments, net</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20211231_zRH26GYa0pS3" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20201231_zjd6U0Icxq23" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--PrepaymentsCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Prepayments - current</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,290,993</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">605,463</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_ecustom--PrepaymentNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Prepayments - non-current</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">10,288,302</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,158,397</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_ecustom--AllowanceForDoubtfulAccountsCurrent_iNI_pp0p0_di_zEOoqvg4Zzyh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts - current</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(1,487,210</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(147,631</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_ecustom--AllowanceForDoubtfulAccountsNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts -non-current</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(8,583,490</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1472">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_ecustom--TotalPrepaymentsNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total prepayments, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,508,595</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,616,229</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 3290993 605463 10288302 4158397 1487210 147631 -8583490 3508595 4616229 <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfMovementsOfAllowanceForDoubtfulAccountsTableTextBlock_zE3fPQk49tRe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAYMENTS, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B5_zvgliqYthkd4" style="display: none">Schedule of Movements of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Beginning balance</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pp0p0_c20210101__20211231_zZ8JKAnGM3De" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">147,631</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pp0p0_c20200101__20201231_zBIpnhITrk25" style="width: 12%; text-align: right" title="Beginning balance"><span style="font: 10pt Times New Roman, Times, Serif">188,264</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Addition</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_ecustom--Additions_c20210101__20211231_pp0p0" style="text-align: right" title="Addition"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,803,067</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_ecustom--Additions_c20200101__20201231_pp0p0" style="text-align: right" title="Addition"><span style="font: 10pt Times New Roman, Times, Serif">(50,757</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Exchange rate effect</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_ecustom--ExchangeRatesEffect_c20210101__20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">120,002</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_ecustom--ExchangeRatesEffect_c20200101__20201231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Exchange rate effect"><span style="font: 10pt Times New Roman, Times, Serif">10,124</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Ending balance</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pp0p0_c20210101__20211231_zOaep87bxBC6" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">10,070,700</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pp0p0_c20200101__20201231_zPqXuDU0Gor" style="border-bottom: Black 2.5pt double; text-align: right" title="Ending balance"><span style="font: 10pt Times New Roman, Times, Serif">147,631</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 147631 188264 9803067 -50757 120002 10124 10070700 147631 <p id="xdx_800_eus-gaap--LeasesOfLesseeDisclosureTextBlock_zq8ZenqJaqyi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">8. <span id="xdx_82D_zFymzJiuEoek">Leases</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company adopted ASU No. 2016-02 and related standards (collectively ASC 842, Leases), which replaced previous lease accounting guidance, on January 1, 2019 using the modified retrospective method of adoption. The Company elected the transition method expedient which allows entities to initially apply the requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. As a result of electing this transition method, prior periods have not been restated. In addition, adoption of the new standard resulted in the recording of right of use assets and associated lease liabilities of approximately $1 million each as of January 1, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating lease expense for the years ended December 31, 2021, 2020 and 2019 was $<span id="xdx_900_eus-gaap--OperatingLeaseExpense_c20210101__20211231_pp0p0" title="Operating lease expense">402,416</span>, $<span id="xdx_902_eus-gaap--OperatingLeaseExpense_c20200101__20201231_pp0p0" title="Operating lease expense">538,427</span> and $<span id="xdx_90D_eus-gaap--OperatingLeaseExpense_c20190101__20191231_pp0p0" title="Operating lease expense">408,410</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Supplemental balance sheet information related to leases is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"/> <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--SupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_zsTOHXhmf8P2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span id="xdx_8B4_zvQQmU3ByGN1" style="display: none">Schedule of Supplemental balance sheet information related to leases</span></td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Location on Face of</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Balance Sheet</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating leases:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; width: 40%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease right of use assets</span></td> <td style="width: 8%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 30%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease, right-of-use assets</span></td> <td style="width: 8%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--OperatingLeaseRightOfUseAsset_c20211231_pp0p0" style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right" title="Operating lease right of use assets"><span style="font: 10pt Times New Roman, Times, Serif">155,223</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current operating lease liabilities</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities - current</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98D_eus-gaap--OperatingLeaseLiabilityCurrent_c20211231_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Current operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">97,054</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Noncurrent operating lease liabilities</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_eus-gaap--OperatingLeaseLiabilityNoncurrent_c20211231_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Noncurrent operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">62,057</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0 0 1pt 30pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total operating lease liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--OperatingLeaseLiability_c20211231_pp0p0" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Total operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">159,111</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Weighted average remaining lease term (in years):</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating leases</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231_z1TrPtzqcu8f" title="Weighted average remaining lease term (years) operating leases">1.04</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Weighted discount rate:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating leases</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20211231_z4OKFBoEh7Uf" title="Weighted discount rate operating leases">4.75</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"/> <p id="xdx_8AD_ztootOtPvgJa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Maturities of lease liabilities were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zVFNYfMx1Tfk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B7_z2DMq4jbhmnk" style="display: none">Schedule of Maturities of lease liabilities</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">For the year ended December 31,</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 0%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 62%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueCurrent_c20211231_pp0p0" style="width: 30%; text-align: right" title="2022"><span style="font: 10pt Times New Roman, Times, Serif">102,110</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98B_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInTwoYears_c20211231_pp0p0" style="text-align: right" title="2023"><span style="font: 10pt Times New Roman, Times, Serif">30,353</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_980_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInThreeYears_c20211231_pp0p0" style="text-align: right" title="2024"><span style="font: 10pt Times New Roman, Times, Serif">14,928</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFourYears_c20211231_pp0p0" style="text-align: right" title="2025"><span style="font: 10pt Times New Roman, Times, Serif">15,674</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2026</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFiveYears_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="2026"><span style="font: 10pt Times New Roman, Times, Serif">5,311</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--OperatingLeasesFutureMinimumPaymentsDue_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">168,376</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: amount representing interest</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_ecustom--AmountRepresentingInterest_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Less: amount representing interest"><span style="font: 10pt Times New Roman, Times, Serif">9,265</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Present value of future minimum lease payments</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_eus-gaap--OperatingLeaseLiability_iI_pp0p0_c20211231_z8azhs38Jnfk" style="text-align: right" title="Present value of future minimum lease payments"><span style="font: 10pt Times New Roman, Times, Serif">159,111</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: Current obligations</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0_c20211231_zLRyKH0C5RF9" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Current obligations"><span style="font: 10pt Times New Roman, Times, Serif">97,054</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Long-term obligations</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_c20211231_zYIsl0rfudCe" style="border-bottom: Black 1pt solid; text-align: right" title="Noncurrent operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">62,057</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p id="xdx_8A3_ztgSMQTdiNLi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2021 and 2020, the Company has additional operating lease commitments that have not yet commenced of approximately $<span id="xdx_90D_eus-gaap--OtherCommitment_c20211231_pp0p0" title="Operating lease commitments">0</span> and $<span id="xdx_90E_eus-gaap--OtherCommitment_c20201231_pp0p0" title="Operating lease commitments">25,748</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> 402416 538427 408410 <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--SupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_zsTOHXhmf8P2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span id="xdx_8B4_zvQQmU3ByGN1" style="display: none">Schedule of Supplemental balance sheet information related to leases</span></td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Location on Face of</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Balance Sheet</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating leases:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; width: 40%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease right of use assets</span></td> <td style="width: 8%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 30%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease, right-of-use assets</span></td> <td style="width: 8%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--OperatingLeaseRightOfUseAsset_c20211231_pp0p0" style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right" title="Operating lease right of use assets"><span style="font: 10pt Times New Roman, Times, Serif">155,223</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Current operating lease liabilities</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities - current</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98D_eus-gaap--OperatingLeaseLiabilityCurrent_c20211231_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Current operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">97,054</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Noncurrent operating lease liabilities</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease liabilities</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_eus-gaap--OperatingLeaseLiabilityNoncurrent_c20211231_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Noncurrent operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">62,057</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0 0 1pt 30pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total operating lease liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--OperatingLeaseLiability_c20211231_pp0p0" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Total operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">159,111</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Weighted average remaining lease term (in years):</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating leases</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231_z1TrPtzqcu8f" title="Weighted average remaining lease term (years) operating leases">1.04</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Weighted discount rate:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0 0 0 20pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Operating leases</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20211231_z4OKFBoEh7Uf" title="Weighted discount rate operating leases">4.75</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 30pt"/> 155223 97054 62057 159111 P1Y14D 0.0475 <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zVFNYfMx1Tfk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B7_z2DMq4jbhmnk" style="display: none">Schedule of Maturities of lease liabilities</span></td> <td style="text-align: left"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">For the year ended December 31,</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Operating lease</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 0%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 62%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueCurrent_c20211231_pp0p0" style="width: 30%; text-align: right" title="2022"><span style="font: 10pt Times New Roman, Times, Serif">102,110</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98B_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInTwoYears_c20211231_pp0p0" style="text-align: right" title="2023"><span style="font: 10pt Times New Roman, Times, Serif">30,353</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_980_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInThreeYears_c20211231_pp0p0" style="text-align: right" title="2024"><span style="font: 10pt Times New Roman, Times, Serif">14,928</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFourYears_c20211231_pp0p0" style="text-align: right" title="2025"><span style="font: 10pt Times New Roman, Times, Serif">15,674</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2026</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFiveYears_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="2026"><span style="font: 10pt Times New Roman, Times, Serif">5,311</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--OperatingLeasesFutureMinimumPaymentsDue_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">168,376</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: amount representing interest</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_ecustom--AmountRepresentingInterest_c20211231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Less: amount representing interest"><span style="font: 10pt Times New Roman, Times, Serif">9,265</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Present value of future minimum lease payments</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_eus-gaap--OperatingLeaseLiability_iI_pp0p0_c20211231_z8azhs38Jnfk" style="text-align: right" title="Present value of future minimum lease payments"><span style="font: 10pt Times New Roman, Times, Serif">159,111</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: Current obligations</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0_c20211231_zLRyKH0C5RF9" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Current obligations"><span style="font: 10pt Times New Roman, Times, Serif">97,054</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Long-term obligations</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_c20211231_zYIsl0rfudCe" style="border-bottom: Black 1pt solid; text-align: right" title="Noncurrent operating lease liabilities"><span style="font: 10pt Times New Roman, Times, Serif">62,057</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> 102110 30353 14928 15674 5311 168376 9265 159111 97054 62057 0 25748 <p id="xdx_800_eus-gaap--PropertyPlantAndEquipmentDisclosureTextBlock_zt6INbVakNRd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">9. <span id="xdx_823_zel2yVklxVC4">Property and equipment, net</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--PropertyPlantAndEquipmentTextBlock_zrv2ihlNeMe3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PROPERTY AND EQUIPMENT, NET (Details )"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B4_z1ozuaWnjfHg" style="display: none">Schedule of property and equipment</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Building</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p0" style="width: 12%; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">4,322,359</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p0" style="width: 12%; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">4,322,359</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Electronic devices</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">674,497</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">166,962</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Office equipment, fixtures and furniture</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">71,865</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">77,498</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Vehicle</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">237,705</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">232,269</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Subtotal</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_c20211231_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">5,306,426</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_c20201231_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">4,799,088</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation and amortization</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_987_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20211231_zRHMK4nqocTh" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation and amortization"><span style="font: 10pt Times New Roman, Times, Serif">(1,157,281</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20201231_zSVsgdvfReW7" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation and amortization"><span style="font: 10pt Times New Roman, Times, Serif">(543,722</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentNet_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">4,149,145</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">4,255,366</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The depreciation expenses for the years ended December 31, 2021, 2020 and 2019 was $<span id="xdx_902_eus-gaap--Depreciation_c20210101__20211231_pp0p0" title="Depreciation expenses">411,020</span>, $ <span id="xdx_900_eus-gaap--Depreciation_c20200101__20201231_pp0p0" title="Depreciation expenses">268,233</span> and $<span id="xdx_903_eus-gaap--Depreciation_c20190101__20191231_pp0p0" title="Depreciation expenses">100,474</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--PropertyPlantAndEquipmentTextBlock_zrv2ihlNeMe3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PROPERTY AND EQUIPMENT, NET (Details )"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B4_z1ozuaWnjfHg" style="display: none">Schedule of property and equipment</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Building</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p0" style="width: 12%; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">4,322,359</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_pp0p0" style="width: 12%; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">4,322,359</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Electronic devices</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">674,497</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicDevicesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">166,962</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Office equipment, fixtures and furniture</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">71,865</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">77,498</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Vehicle</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">237,705</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">232,269</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Subtotal</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_c20211231_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">5,306,426</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_c20201231_pp0p0" style="text-align: right" title="Subtotal"><span style="font: 10pt Times New Roman, Times, Serif">4,799,088</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation and amortization</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_987_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20211231_zRHMK4nqocTh" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation and amortization"><span style="font: 10pt Times New Roman, Times, Serif">(1,157,281</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20201231_zSVsgdvfReW7" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation and amortization"><span style="font: 10pt Times New Roman, Times, Serif">(543,722</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentNet_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">4,149,145</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">4,255,366</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 4322359 4322359 674497 166962 71865 77498 237705 232269 5306426 4799088 1157281 543722 4149145 4255366 411020 268233 100474 <p id="xdx_807_eus-gaap--IntangibleAssetsDisclosureTextBlock_z9BxDM78qvL4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">10. <span id="xdx_82F_znmkuCONOmbd">Intangible assets, net</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s intangible assets with definite useful lives primarily consist of patents and licensed software. The following table summarizes the components of acquired intangible asset balances as of:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock_zkOGpHQAZwth" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zDz1bQvHMwBa" style="display: none">Schedule of Acquired Intangible assets</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Patents</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--FiniteLivedIntangibleAssetsGross_c20211231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--PatentsMember_pp0p0" style="width: 12%; text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">1,378,836</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsGross_c20201231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--PatentsMember_pp0p0" style="width: 12%; text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">1,347,307</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Licensed software</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsGross_c20211231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicenseMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">28,270,157</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsGross_c20201231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicenseMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">5,610,459</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Software development costs</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsGross_c20211231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--SoftwareDevelopmentMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">129,051</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_eus-gaap--FiniteLivedIntangibleAssetsGross_c20201231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--SoftwareDevelopmentMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">9,412,638</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: accumulated amortization</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_pp0p0_c20211231_zhS3gBPhBj7g" style="text-align: right" title="Less: accumulated amortization"><span style="font: 10pt Times New Roman, Times, Serif">(8,229,006</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20201231_pp0p0" style="text-align: right" title="Less: accumulated amortization"><span style="font: 10pt Times New Roman, Times, Serif">(2,117,829</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: impairment</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_ecustom--ImpairmenOfIntangibleAsset_iNI_di_c20211231_zS8eYc7quJhk" style="border-bottom: Black 1pt solid; text-align: right" title="Less: impairment"><span style="font: 10pt Times New Roman, Times, Serif">(14,632,931</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_ecustom--ImpairmenOfIntangibleAsset_iNI_di_c20201231_zywbYKHMbXA5" style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1606">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Intangible assets, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--IntangibleAssetsCurrent_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Intangible assets, net"><span style="font: 10pt Times New Roman, Times, Serif">6,916,107</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--IntangibleAssetsCurrent_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Intangible assets, net"><span style="font: 10pt Times New Roman, Times, Serif">14,252,575</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p id="xdx_8A8_zufYSqJNwWA8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Amortization expenses for the years ended December 31, 2021, 2020 and 2019 amounted to $<span id="xdx_90D_eus-gaap--AdjustmentForAmortization_c20210101__20211231_pp0p0">3,451,000</span>, $<span id="xdx_90F_eus-gaap--AdjustmentForAmortization_c20200101__20201231_pp0p0">740,641 </span>and $<span id="xdx_90E_eus-gaap--AdjustmentForAmortization_c20190101__20191231_pp0p0">821,203</span>, respectively. The Company assessed some of the licensed software is unlikely to generate cash flow, as of year ended December 2021, it recorded $14,632,931 impairment loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The estimated amortization is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td> <td style="text-align: left"><span id="xdx_8BB_zslsIAtx3YJb" style="display: none">Schedule of estimated amortization</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">For the year ended December 31</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Estimated amortization expense</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 0%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 62%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_c20211231_pp0p0" style="width: 30%; text-align: right" title="2022"><span style="font: 10pt Times New Roman, Times, Serif">1,371,468</span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_c20211231_pp0p0" style="text-align: right" title="2023"><span style="font: 10pt Times New Roman, Times, Serif">1,371,468</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98D_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_c20211231_pp0p0" style="text-align: right" title="2024"><span style="font: 10pt Times New Roman, Times, Serif">1,371,468</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_c20211231_pp0p0" style="text-align: right" title="2025"><span style="font: 10pt Times New Roman, Times, Serif">1,371,468</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">2026</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_c20211231_pp0p0" style="text-align: right" title="2026"><span style="font: 10pt Times New Roman, Times, Serif">1,371,468</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_c20211231_pp0p0" style="text-align: right" title="Thereafter"><span style="font: 10pt Times New Roman, Times, Serif">58,767</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--FiniteLivedIntangibleAssetsNet_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">6,916,107</span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p id="xdx_8AB_zETyyi4QXEyi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock_zkOGpHQAZwth" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INTANGIBLE ASSETS, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zDz1bQvHMwBa" style="display: none">Schedule of Acquired Intangible assets</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Patents</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--FiniteLivedIntangibleAssetsGross_c20211231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--PatentsMember_pp0p0" style="width: 12%; text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">1,378,836</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_980_eus-gaap--FiniteLivedIntangibleAssetsGross_c20201231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--PatentsMember_pp0p0" style="width: 12%; text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">1,347,307</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Licensed software</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_987_eus-gaap--FiniteLivedIntangibleAssetsGross_c20211231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicenseMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">28,270,157</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsGross_c20201231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LicenseMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">5,610,459</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Software development costs</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_eus-gaap--FiniteLivedIntangibleAssetsGross_c20211231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--SoftwareDevelopmentMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">129,051</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_eus-gaap--FiniteLivedIntangibleAssetsGross_c20201231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--SoftwareDevelopmentMember_pp0p0" style="text-align: right" title="Intangible assets, gross"><span style="font: 10pt Times New Roman, Times, Serif">9,412,638</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: accumulated amortization</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98B_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_pp0p0_c20211231_zhS3gBPhBj7g" style="text-align: right" title="Less: accumulated amortization"><span style="font: 10pt Times New Roman, Times, Serif">(8,229,006</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_c20201231_pp0p0" style="text-align: right" title="Less: accumulated amortization"><span style="font: 10pt Times New Roman, Times, Serif">(2,117,829</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Less: impairment</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_ecustom--ImpairmenOfIntangibleAsset_iNI_di_c20211231_zS8eYc7quJhk" style="border-bottom: Black 1pt solid; text-align: right" title="Less: impairment"><span style="font: 10pt Times New Roman, Times, Serif">(14,632,931</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_ecustom--ImpairmenOfIntangibleAsset_iNI_di_c20201231_zywbYKHMbXA5" style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1606">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Intangible assets, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_eus-gaap--IntangibleAssetsCurrent_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Intangible assets, net"><span style="font: 10pt Times New Roman, Times, Serif">6,916,107</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--IntangibleAssetsCurrent_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Intangible assets, net"><span style="font: 10pt Times New Roman, Times, Serif">14,252,575</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> 1378836 1347307 28270157 5610459 129051 9412638 -8229006 -2117829 14632931 6916107 14252575 3451000 740641 821203 1371468 1371468 1371468 1371468 1371468 58767 6916107 <p id="xdx_807_eus-gaap--EquityMethodInvestmentsTextBlock_zUDt4jG5WSFf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">11. <span id="xdx_82C_zaxU10Xp1Mzf">Long-term investments</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s long-term investments consist of cost method investment and equity method investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Cost method investment</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 20, 2018, Blue Hat Fujian formed a joint venture with Fujian Jin Ge Tie Ma Information Technology Co., Ltd., contributing a <span id="xdx_90A_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20211231__dei--LegalEntityAxis__custom--XiamenBlueWaveMember_zkFniGvN5Px9" title="Equity interest">20.0</span>% equity interest in Xiamen Blue Wave Technology Co. Ltd. (“Xiamen Blue Wave”), a PRC company. The ownership percentage diluted to<span id="xdx_904_ecustom--OwnershipPercentageDiluted_iI_dp_c20211231__dei--LegalEntityAxis__custom--XiamenBlueWaveMember_zzPOu5F5kDr3" title="Ownership percentage diluted"> 15.0</span>% upon other shareholders contributed additional investment into Xiamen Blue Wave in December 2018. As the Company did not have significant influence over the investee, the investment in Xiamen Blue Wave was accounted for using the cost method. As of December 31, 2021, 2020 and 2019, the carrying value of cost method investment in Xiamen Blue Wave was $<span id="xdx_904_eus-gaap--EquityMethodInvestments_c20211231__dei--LegalEntityAxis__custom--XiamenBlueWaveMember_pp0p0" title="Carrying value of cost method investment">1,882,146</span>, $<span id="xdx_907_eus-gaap--EquityMethodInvestments_c20201231__dei--LegalEntityAxis__custom--XiamenBlueWaveMember_pp0p0" title="Carrying value of cost method investment">1,839,109</span> and $<span id="xdx_90E_eus-gaap--EquityMethodInvestments_c20191231__dei--LegalEntityAxis__custom--XiamenBlueWaveMember_pp0p0" title="Carrying value of cost method investment">1,720,134</span> respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Equity method investments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 16, 2018, Blue Hat Fujian formed a joint venture with Renchao Huyu (Shanghai) Culture Development Co. Ltd., contributing a <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20211231__dei--LegalEntityAxis__custom--RenchaoHuyuMember_zs0xXAtbKaF6" title="Equity interest">49</span>% ownership interest in Renchao Huyu (Shanghai) Culture Propagation Co. Ltd. (“Renchao Huyu”), with the remaining <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20211231__dei--LegalEntityAxis__custom--ShanghaiMember_zyA5emUmtS79" title="Equity interest">51</span>% ownership owned by Renchao Huyu (Shanghai) Culture Development Co. Ltd.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As the Company has significant influence over the investee through its representation on the board, the Company accounted for the investment in Renchao Huyu as equity method investment. As of December 31, 2021 and 2020, no investment has been contributed in Renchao Huyu.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_90A_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20210101__20211231_z9yTws8FUzEa" title="Impairment loss on investments"><span id="xdx_901_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20200101__20201231_zu4FjcZq8jHl" title="Impairment loss on investments"><span id="xdx_904_eus-gaap--ImpairmentOfInvestments_pp0p0_do_c20190101__20191231_zqo4chnBH0Dc" title="Impairment loss on investments">No</span></span></span> impairment loss was recognized for the long-term investments for the years ended December 31, 2021, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> 0.200 0.150 1882146 1839109 1720134 0.49 0.51 0 0 0 <p id="xdx_80B_ecustom--CreditFacilitiesTextBlock_zo7p0iA7SMFf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">12. <span id="xdx_823_zY4H4OiHqAja">Credit facilities</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Short term loans — banks</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20.1pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Outstanding balances on short-term bank loans consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"/> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfShortTermDebtTextBlock_zJXeyy7iFx92" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CREDIT FACILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B5_zCvm1RK2RBH2" style="display: none">Schedule of outstanding balances on short-term bank loans</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt">Institute</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Interest</td><td> </td> <td colspan="5" style="text-align: center">Collateral/ December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> name</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Maturities</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">rate</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Guarantee</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 15%; text-align: left; text-indent: -10pt"><span id="xdx_900_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember" title="Bank Name">Industrial Bank </span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_fKg_____ztHUqjcoJ2Fg" title="Maturities">October 2014</span>*</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_903_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_zD83FkrLBixd" title="Interest rate">7.5</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 19%; text-align: center"><span id="xdx_903_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember" title="Collateral/ Guarantee">Guarantee by 26 property rights</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 10%; text-align: right" title="Short-term bank loans">860,915</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 10%; text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1671">—</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_904_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member" title="Bank Name">Industrial Bank</span>   </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member" title="Maturities">December 2020</span> </span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member_zgHaexjEFcWg" title="Interest rate">5.88</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_900_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member" title="Collateral/ Guarantee">Guarantee by Xiaodong Chen and Juanjuan Cai</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1681">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member_pp0p0" style="text-align: right" title="Short-term bank loans">766,295</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_905_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member" title="Bank Name">Industrial Bank</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member" title="Maturities">December 2020</span>    </span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member_zKdqvypWJUbb" title="Interest rate">5.88</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member" title="Collateral/ Guarantee">Guarantee by PICC Property and Casualty Company Limited Xiamen Branch, Xiaodong Chen and Juanjuan Cai</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1693">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member_pp0p0" style="text-align: right" title="Short-term bank loans">459,777</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_909_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member" title="Bank Name">Industrial Bank </span>      </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member" title="Maturities">December 2020</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member_zAacbgVFetv6" title="Interest rate">5.88</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member" title="Collateral/ Guarantee">Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1705">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member_pdp0" style="text-align: right" title="Short-term bank loans">398,474</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_902_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Bank Name">China Rich Finance Limited</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Maturities">May 2021</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_ecustom--InterestRatePercentage_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Interest rate">23% per annum for first monthly instalment; 12% per annum for 2-6 monthly instalment</span></span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_90F_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Collateral/ Guarantee">Guarantee by Fujian Blue Hat Interactive Entertainment Technology Ltd., Pingxiang Blue Hat Technology Co. Ltd. and Xiaodong Chen</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1717">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember_pdp0" style="text-align: right" title="Short-term bank loans">2,998,994</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ShortTermBorrowings_c20211231_pp0p0" style="text-align: right" title="Short-term bank loans">860,915</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--ShortTermBorrowings_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Short-term bank loans">4,623,540</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"/> <p id="xdx_8AA_zoo5gLhgfmu4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td id="xdx_F0C_zzDteGAefl4c" style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 3%">*</td> <td id="xdx_F13_zCikIPx8Eaw9" style="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 97%">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.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Current maturities of long-term loans - third party</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> Outstanding balances on long-term third party loans consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--LongTermDebtTextBlock_z2hxICkcTqij" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CREDIT FACILITIES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> <span id="xdx_8BF_zhPRAyEHBH15" style="display: none">Schedule of outstanding balances on long-term third party loans</span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Weighted</td><td> </td> <td colspan="11" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Average</td><td> </td> <td colspan="3" style="text-align: center">Collateral/</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Lender Name</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Maturities</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interest Rate</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Guarantee</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; text-align: left"><span id="xdx_907_ecustom--LenderName_c20210101__20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember" title="Lender Name">Volkswagen Finance (China) Co. Ltd.</span></td><td style="width: 2%"> </td> <td style="width: 15%; text-align: center"><span id="xdx_90C_ecustom--Maturities_c20210101__20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember" title="Maturities">Due monthly until March 2021</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_90D_eus-gaap--DebtWeightedAverageInterestRate_iI_dp_c20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_zcNLNN506An7" title="Weighted Average Interest Rate">4.06</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_ecustom--CollateralGuarantee_c20210101__20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember" title="Collateral/ Guarantee">Automobiles</span></span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermDebt_c20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pp0p0" style="width: 13%; text-align: right" title="Long-term third party loans"><span style="-sec-ix-hidden: xdx2ixbrl1736">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--LongTermDebt_c20201231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pp0p0" style="width: 13%; text-align: right" title="Long-term third party loans">14,117</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--LongTermDebtNoncurrent_c20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pdp0" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1740">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--LongTermDebtNoncurrent_c20201231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total">14,117</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Long term loans — banks</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20.1pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Outstanding balances on long-term third party loans consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Interest</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Collateral/</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Institute name</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Maturities</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">rate</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Guarantee</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_ecustom--BankName_c20210101__20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember" title="Bank Name">Industrial Bank</span></span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--Maturities_c20210101__20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_zVRBWlALFV3b" title="Maturities">February 2023</span></span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_zgT4SSdL55jc" title="Interest rate">6.583</span></span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Guarantee by</span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_ecustom--LongtermThirdPartyLoans_c20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: right" title="Long-term third party loans"><span style="font: 10pt Times New Roman, Times, Serif">517,590</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_ecustom--LongtermThirdPartyLoans_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: right" title="Long-term third party loans"><span style="font: 10pt Times New Roman, Times, Serif">505,755</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">14 property rights</span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--LongTermDebt_c20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">517,590</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--LongTermDebt_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">505,755</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p id="xdx_8AC_zsPCrb1azQGl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Interest expense pertaining to the above short-term and long-term loans for the years ended December 31, 2021, 2020 and 2019 amounted to $<span id="xdx_902_eus-gaap--InterestExpenseDebt_c20210101__20211231_pp0p0" title="Interest expense">398,963</span>, $<span id="xdx_904_eus-gaap--InterestExpenseDebt_c20200101__20201231_pp0p0" title="Interest expense">248,103</span> and $<span id="xdx_905_eus-gaap--InterestExpenseDebt_c20190101__20191231_pp0p0" title="Interest expense">171,938</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfShortTermDebtTextBlock_zJXeyy7iFx92" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CREDIT FACILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B5_zCvm1RK2RBH2" style="display: none">Schedule of outstanding balances on short-term bank loans</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt">Institute</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Interest</td><td> </td> <td colspan="5" style="text-align: center">Collateral/ December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> name</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Maturities</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">rate</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Guarantee</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 15%; text-align: left; text-indent: -10pt"><span id="xdx_900_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember" title="Bank Name">Industrial Bank </span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_fKg_____ztHUqjcoJ2Fg" title="Maturities">October 2014</span>*</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_903_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_zD83FkrLBixd" title="Interest rate">7.5</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 19%; text-align: center"><span id="xdx_903_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember" title="Collateral/ Guarantee">Guarantee by 26 property rights</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 10%; text-align: right" title="Short-term bank loans">860,915</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 10%; text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1671">—</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_904_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member" title="Bank Name">Industrial Bank</span>   </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member" title="Maturities">December 2020</span> </span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member_zgHaexjEFcWg" title="Interest rate">5.88</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_900_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member" title="Collateral/ Guarantee">Guarantee by Xiaodong Chen and Juanjuan Cai</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1681">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank1Member_pp0p0" style="text-align: right" title="Short-term bank loans">766,295</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_905_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member" title="Bank Name">Industrial Bank</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member" title="Maturities">December 2020</span>    </span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member_zKdqvypWJUbb" title="Interest rate">5.88</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member" title="Collateral/ Guarantee">Guarantee by PICC Property and Casualty Company Limited Xiamen Branch, Xiaodong Chen and Juanjuan Cai</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1693">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank2Member_pp0p0" style="text-align: right" title="Short-term bank loans">459,777</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_909_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member" title="Bank Name">Industrial Bank </span>      </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member" title="Maturities">December 2020</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member_zAacbgVFetv6" title="Interest rate">5.88</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member" title="Collateral/ Guarantee">Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1705">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--IndustrialBank3Member_pdp0" style="text-align: right" title="Short-term bank loans">398,474</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_902_ecustom--BankName_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Bank Name">China Rich Finance Limited</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_ecustom--MaturitiesDate_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Maturities">May 2021</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_ecustom--InterestRatePercentage_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Interest rate">23% per annum for first monthly instalment; 12% per annum for 2-6 monthly instalment</span></span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_90F_ecustom--CollateralGuarantee_c20210101__20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember" title="Collateral/ Guarantee">Guarantee by Fujian Blue Hat Interactive Entertainment Technology Ltd., Pingxiang Blue Hat Technology Co. Ltd. and Xiaodong Chen</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShortTermBorrowings_c20211231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember_pp0p0" style="text-align: right" title="Short-term bank loans"><span style="-sec-ix-hidden: xdx2ixbrl1717">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShortTermBorrowings_c20201231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaRichFinanceLimitedMember_pdp0" style="text-align: right" title="Short-term bank loans">2,998,994</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ShortTermBorrowings_c20211231_pp0p0" style="text-align: right" title="Short-term bank loans">860,915</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--ShortTermBorrowings_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Short-term bank loans">4,623,540</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"/> Industrial Bank October 2014 0.075 Guarantee by 26 property rights 860915 Industrial Bank December 2020 0.0588 Guarantee by Xiaodong Chen and Juanjuan Cai 766295 Industrial Bank December 2020 0.0588 Guarantee by PICC Property and Casualty Company Limited Xiamen Branch, Xiaodong Chen and Juanjuan Cai 459777 Industrial Bank December 2020 0.0588 Guarantee by Xiamen Siming Technology Financing Guarantee Co. Ltd., Xiaodong Chen and Juanjuan Cai 398474 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 2998994 860915 4623540 <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--LongTermDebtTextBlock_z2hxICkcTqij" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CREDIT FACILITIES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> <span id="xdx_8BF_zhPRAyEHBH15" style="display: none">Schedule of outstanding balances on long-term third party loans</span></td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Weighted</td><td> </td> <td colspan="11" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Average</td><td> </td> <td colspan="3" style="text-align: center">Collateral/</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Lender Name</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Maturities</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interest Rate</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Guarantee</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; text-align: left"><span id="xdx_907_ecustom--LenderName_c20210101__20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember" title="Lender Name">Volkswagen Finance (China) Co. Ltd.</span></td><td style="width: 2%"> </td> <td style="width: 15%; text-align: center"><span id="xdx_90C_ecustom--Maturities_c20210101__20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember" title="Maturities">Due monthly until March 2021</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span id="xdx_90D_eus-gaap--DebtWeightedAverageInterestRate_iI_dp_c20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_zcNLNN506An7" title="Weighted Average Interest Rate">4.06</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_ecustom--CollateralGuarantee_c20210101__20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember" title="Collateral/ Guarantee">Automobiles</span></span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermDebt_c20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pp0p0" style="width: 13%; text-align: right" title="Long-term third party loans"><span style="-sec-ix-hidden: xdx2ixbrl1736">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--LongTermDebt_c20201231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pp0p0" style="width: 13%; text-align: right" title="Long-term third party loans">14,117</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: left">$</td><td id="xdx_983_eus-gaap--LongTermDebtNoncurrent_c20211231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pdp0" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1740">—</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--LongTermDebtNoncurrent_c20201231__dei--LegalEntityAxis__custom--VolkswagenFinanceChinaCoLtdMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total">14,117</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Long term loans — banks</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20.1pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Outstanding balances on long-term third party loans consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Interest</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Collateral/</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Institute name</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Maturities</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">rate</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Guarantee</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_ecustom--BankName_c20210101__20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember" title="Bank Name">Industrial Bank</span></span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--Maturities_c20210101__20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_zVRBWlALFV3b" title="Maturities">February 2023</span></span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_c20210101__20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_zgT4SSdL55jc" title="Interest rate">6.583</span></span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Guarantee by</span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_ecustom--LongtermThirdPartyLoans_c20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: right" title="Long-term third party loans"><span style="font: 10pt Times New Roman, Times, Serif">517,590</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 2%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_ecustom--LongtermThirdPartyLoans_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="width: 13%; font-family: Times New Roman, Times, Serif; text-align: right" title="Long-term third party loans"><span style="font: 10pt Times New Roman, Times, Serif">505,755</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">14 property rights</span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--LongTermDebt_c20211231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">517,590</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--LongTermDebt_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IndustrialBankMember_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right" title="Total"><span style="font: 10pt Times New Roman, Times, Serif">505,755</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.35pt; text-align: justify; text-indent: 28.05pt"/> Volkswagen Finance (China) Co. Ltd. Due monthly until March 2021 0.0406 Automobiles 14117 14117 Industrial Bank February 2023 0.06583 517590 505755 517590 505755 398963 248103 171938 <p id="xdx_80F_eus-gaap--AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_zx3r1570JHd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">13. <span id="xdx_829_z3qb5xxeGs1l">Other payables and accrued liabilities</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other payables and accrued liabilities consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_884_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zCZQsNFylPY6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER PAYABLES AND ACCRUED LIABILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B1_zinMjoJVBN33" style="display: none">Schedule of other Payable and Accrued Liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20211231_zZHE0vEXLDz6" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20201231_zVn4uQ1GktQa" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr id="xdx_408_ecustom--PayablesToNontradeVendorsAndServiceProviders_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Payables to non-trade vendors and service providers</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,915,900</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,265,900</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_408_eus-gaap--AccruedSalariesCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Salary payables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif">404,493</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"/></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right">185,734<span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Interest payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">987,231</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1777">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--OtherNotesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other miscellaneous payables</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif">82,113</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right">294,626<span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total other payables and accrued liabilities</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">11,389,737</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,746,260</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The short term loan with Industrial bank which should be repaid in 2014 was overdue result in an increase in interest from 7.5% to 11.25% per annual. The case is now under litigation and the guaranteed property is in auction which proceeds from will repay the loan and interests overdue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="text-transform: uppercase"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_884_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zCZQsNFylPY6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER PAYABLES AND ACCRUED LIABILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B1_zinMjoJVBN33" style="display: none">Schedule of other Payable and Accrued Liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20211231_zZHE0vEXLDz6" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20201231_zVn4uQ1GktQa" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr id="xdx_408_ecustom--PayablesToNontradeVendorsAndServiceProviders_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Payables to non-trade vendors and service providers</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,915,900</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,265,900</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_408_eus-gaap--AccruedSalariesCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Salary payables</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif">404,493</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"/></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right">185,734<span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--AccruedLiabilitiesCurrentAndNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Interest payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">987,231</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1777">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--OtherNotesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other miscellaneous payables</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif">82,113</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right">294,626<span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total other payables and accrued liabilities</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">11,389,737</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,746,260</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 9915900 1265900 404493 185734 987231 82113 294626 11389737 1746260 <p id="xdx_802_eus-gaap--DebtDisclosureTextBlock_zatg4UkEEUml" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">14. <span id="xdx_82E_zDHtn9pV9CIc">CONVERTIBLE BONDS PAYABLE</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2021 and 2010, convertible debt consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <table cellpadding="0" cellspacing="0" id="xdx_889_eus-gaap--ConvertibleDebtTableTextBlock_zVahpFgoT2bh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CONVERTIBLE BONDS PAYABLE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8BC_zTePMSO0Fekg" style="display: none">Schedule of convertible debt</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Beginning</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--ConvertibleDebtCurrent_iS_c20210101__20211231_zHltGaZql8nc" style="width: 12%; text-align: right" title="Beginning Balance"><span style="font: 10pt Times New Roman, Times, Serif">739,189</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_eus-gaap--ConvertibleDebtCurrent_iS_c20200101__20201231_zHuFlm6Tq1Zf" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1790">—</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Addition</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_c20210101__20211231_zLBkwsO0pBKk" style="text-align: right" title="Addition"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1792">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_c20200101__20201231_zPgL856nIoTl" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,979,846</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Repayment</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_ecustom--RepaymentsOfConvertibleDebts_iN_di_c20210101__20211231_zTeUsWbXLeCf" style="text-align: right" title="Repayment"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1795">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_ecustom--RepaymentsOfConvertibleDebts_iN_di_c20200101__20201231_z5zMCF9tkdml" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1796">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Conversion</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_985_ecustom--Conversion_c20210101__20211231_zxaV46Srd4T9" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion"><span style="font: 10pt Times New Roman, Times, Serif">(739,189</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_ecustom--Conversion_c20200101__20201231_zpDIeN06FrSk" style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(1,240,657</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Convertible debt, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--ConvertibleDebtCurrent_iE_c20210101__20211231_z6NPAahGf1Hk" style="border-bottom: Black 2.5pt double; text-align: right" title="Convertible debt, net"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1801">—</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--ConvertibleDebtCurrent_iE_c20200101__20201231_zRuE3G34m3yj" style="border-bottom: Black 2.5pt double; text-align: right" title="Convertible debt, net"><span style="font: 10pt Times New Roman, Times, Serif">739,189</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <table cellpadding="0" cellspacing="0" id="xdx_889_eus-gaap--ConvertibleDebtTableTextBlock_zVahpFgoT2bh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CONVERTIBLE BONDS PAYABLE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8BC_zTePMSO0Fekg" style="display: none">Schedule of convertible debt</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Beginning</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--ConvertibleDebtCurrent_iS_c20210101__20211231_zHltGaZql8nc" style="width: 12%; text-align: right" title="Beginning Balance"><span style="font: 10pt Times New Roman, Times, Serif">739,189</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_eus-gaap--ConvertibleDebtCurrent_iS_c20200101__20201231_zHuFlm6Tq1Zf" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1790">—</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Addition</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_c20210101__20211231_zLBkwsO0pBKk" style="text-align: right" title="Addition"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1792">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--ProceedsFromDebtNetOfIssuanceCosts_c20200101__20201231_zPgL856nIoTl" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,979,846</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font: 10pt Times New Roman, Times, Serif">Repayment</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_ecustom--RepaymentsOfConvertibleDebts_iN_di_c20210101__20211231_zTeUsWbXLeCf" style="text-align: right" title="Repayment"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1795">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_ecustom--RepaymentsOfConvertibleDebts_iN_di_c20200101__20201231_z5zMCF9tkdml" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1796">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Conversion</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_985_ecustom--Conversion_c20210101__20211231_zxaV46Srd4T9" style="border-bottom: Black 1pt solid; text-align: right" title="Conversion"><span style="font: 10pt Times New Roman, Times, Serif">(739,189</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_ecustom--Conversion_c20200101__20201231_zpDIeN06FrSk" style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(1,240,657</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Convertible debt, net</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--ConvertibleDebtCurrent_iE_c20210101__20211231_z6NPAahGf1Hk" style="border-bottom: Black 2.5pt double; text-align: right" title="Convertible debt, net"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1801">—</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--ConvertibleDebtCurrent_iE_c20200101__20201231_zRuE3G34m3yj" style="border-bottom: Black 2.5pt double; text-align: right" title="Convertible debt, net"><span style="font: 10pt Times New Roman, Times, Serif">739,189</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 739189 1979846 -739189 -1240657 739189 <p id="xdx_808_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zhoA7GSNwNL" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"><span id="xdx_826_zXEH30n2hME2">Related party balances and transactions</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Account receivables – related party</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfAccountReceviablesTableTextBlock_z8CzLlD8WeE" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span id="xdx_8BA_zwFjRSrh1v7c" style="display: none">Schedule of account receviables - related party</span></td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Name of Related Party</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Relationship -</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Nature</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Fujian Zhongqing</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Investment company</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Inter-transaction</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Shoulashou Educational</span></td> <td style="width: 3%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 18%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 16%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FujianZhongqingShoulashouEducationalTechnicalLtdMember_pp0p0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1809">—</span></span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FujianZhongqingShoulashouEducationalTechnicalLtdMember_pdp0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif">1,906,101</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Technical Ltd.</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20211231_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right; padding-bottom: 2.5pt" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1813">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif">1,906,101</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p id="xdx_8A1_z89r5bZJwGS7" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.75pt; text-align: justify; text-indent: 20pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Other payables – related party</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><b/></p> <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfOtherPayablesRelatedPartyTableTextBlock_zuYQXFdWXJhi" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details 1)"> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_8BD_zxPRPG7iEYJk" style="display: none">Schedule of other payables - related party</span></span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Name of Related Party</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Relationship -</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Nature</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Xiaodong Chen</span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">CEO</span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Lease and other payable</span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_ecustom--OtherPayablesRelatedParty_c20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--XiaodongChenMember_pp0p0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">32,244</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_ecustom--OtherPayablesRelatedParty_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--XiaodongChenMember_pp0p0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">25,837</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Huaqiang Yang</span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holds 15.5% of Fuzhou CSFC</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">transfer payable</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_ecustom--OtherPayablesRelatedParty_c20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HuaqiangYangMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">154,259</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-size: 9pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_980_ecustom--OtherPayablesRelatedParty_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HuaqiangYangMember_pp0p0" style="border-bottom: Black 2.5pt double; font-size: 9pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1821">—</span></span></td> <td style="padding-bottom: 2.5pt; font-size: 9pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="font-size: 9pt; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_ecustom--OtherPayablesRelatedParty_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">186,503</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_ecustom--OtherPayablesRelatedParty_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">25,837</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p id="xdx_8AD_z9HGn4PGGT22" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfAccountReceviablesTableTextBlock_z8CzLlD8WeE" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span id="xdx_8BA_zwFjRSrh1v7c" style="display: none">Schedule of account receviables - related party</span></td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"> </td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Name of Related Party</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Relationship -</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Nature</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Fujian Zhongqing</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Investment company</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Inter-transaction</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Shoulashou Educational</span></td> <td style="width: 3%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 18%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 16%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FujianZhongqingShoulashouEducationalTechnicalLtdMember_pp0p0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1809">—</span></span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FujianZhongqingShoulashouEducationalTechnicalLtdMember_pdp0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif">1,906,101</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Technical Ltd.</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20211231_pp0p0" style="font-family: Times New Roman, Times, Serif; text-align: right; padding-bottom: 2.5pt" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1813">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--AccountsReceivableRelatedPartiesCurrent_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right" title="Account receivables - related party"><span style="font: 10pt Times New Roman, Times, Serif">1,906,101</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> 1906101 1906101 <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfOtherPayablesRelatedPartyTableTextBlock_zuYQXFdWXJhi" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY BALANCES AND TRANSACTIONS (Details 1)"> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_8BD_zxPRPG7iEYJk" style="display: none">Schedule of other payables - related party</span></span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; padding-top: 0; padding-right: 0"><span style="font: 10pt Times New Roman, Times, Serif">Name of Related Party</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Relationship -</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Nature</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Xiaodong Chen</span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">CEO</span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 18%; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Lease and other payable</span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98A_ecustom--OtherPayablesRelatedParty_c20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--XiaodongChenMember_pp0p0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">32,244</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 3%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98B_ecustom--OtherPayablesRelatedParty_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--XiaodongChenMember_pp0p0" style="width: 15%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">25,837</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Huaqiang Yang</span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holds 15.5% of Fuzhou CSFC</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">transfer payable</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_981_ecustom--OtherPayablesRelatedParty_c20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HuaqiangYangMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">154,259</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt; font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-size: 9pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_980_ecustom--OtherPayablesRelatedParty_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HuaqiangYangMember_pp0p0" style="border-bottom: Black 2.5pt double; font-size: 9pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1821">—</span></span></td> <td style="padding-bottom: 2.5pt; font-size: 9pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Total</span></td> <td style="font-size: 9pt; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-size: 9pt; text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_ecustom--OtherPayablesRelatedParty_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">186,503</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_ecustom--OtherPayablesRelatedParty_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">25,837</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"/> 32244 25837 154259 186503 25837 <p id="xdx_806_eus-gaap--IncomeTaxDisclosureTextBlock_zXJx0AFzdhe4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><b>16. <span id="xdx_82F_zM5sCrO85TOj">Taxes</span> - continued</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> <span>Taxes</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Income tax</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Cayman Islands</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>British Virgin Islands</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Hat BVI and Fresh Joy are incorporated in the British Virgin Islands and is not subject to tax on income or capital gains under current British Virgin Islands law. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will be imposed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Hong Kong</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Hat HK and Xinyou Entertainment are incorporated in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate is <span id="xdx_90A_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20210101__20211231__us-gaap--IncomeTaxAuthorityNameAxis__custom--HongKongMember_zpZitgGfkxkb" title="Tax rate">16.5</span>% in Hong Kong. The Company did not make any provisions for Hong Kong profit tax as there were no assessable profits derived from or earned in Hong Kong since inception. Under Hong Kong tax law, Blue Hat HK is exempted from income tax on its foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>PRC</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">PRC companies are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Enterprise Income Tax Laws of the PRC (the “EIT Laws”), domestic enterprises and Foreign Investment Enterprises (the “FIE”) are usually subject to a unified 25% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case- by-case basis. EIT grants preferential tax treatment to certain High and New Technology Enterprises (“HNTEs”). Under this preferential tax treatment, HNTEs are entitled to an income tax rate of <span id="xdx_901_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20210101__20211231__us-gaap--IncomeTaxAuthorityNameAxis__custom--PRCMember_zK1CqFS586yc" title="Tax rate">15</span>%, subject to a requirement that they re-apply for HNTE status every three years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Hat Fujian obtained the “high-tech enterprise” tax status in October 2015 and renewed it in December 2018, which reduced its statutory income tax rate to 15% from 2018 to 2020. The preferential tax rate was not granted in fiscal year 2020, hence the applicable tax rate is 25% in 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Chinese tax authority granted Blue Hat Pingxiang their tax preference on its enterprises income tax by using 10% of gross revenue in fiscal year 2019. The preferential tax rate was not granted in fiscal year 2020, hence the applicable tax rate is 25% in 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Tax savings for the years ended December 31, 2021, 2020 and 2019 amounted to $ <span id="xdx_903_ecustom--TaxSavings_c20210101__20211231_pp0p0" title="Tax savings">0</span>, $<span id="xdx_905_ecustom--TaxSavings_c20200101__20201231_pp0p0" title="Tax savings">1,115,176</span> and $<span id="xdx_90B_ecustom--TaxSavings_c20190101__20191231_pp0p0" title="Tax savings">2,256,051</span>, respectively. The Company’s basic and diluted earnings per shares would have been lower by $<span id="xdx_909_ecustom--BasicAndDilutedEarningsPerShares_c20210101__20211231_pdd" title="Basic and diluted earnings per shares">0</span>, $<span id="xdx_909_ecustom--BasicAndDilutedEarningsPerShares_c20200101__20201231_pdd" title="Basic and diluted earnings per shares">0.03</span> and $<span id="xdx_907_ecustom--BasicAndDilutedEarningsPerShares_c20190101__20191231_pdd" title="Basic and diluted earnings per shares">0.06</span> per share for the years ended December 31, 2021, 2020 and 2019, respectively, without the preferential tax rate reduction.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Significant components of the provision for income taxes are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zpoDHWUXAo84" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8BA_z2h300yJTFhl" style="display: none">Schedule of significant components of provision for income taxes</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20210101_20211231" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49D_20200101_20201231" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--CurrentIncomeTaxExpenseBenefit_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Current</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">138,061</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,609,850</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Deferred</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1850">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">63,107</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--IncomeTaxExpenseBenefit_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">The provision for income taxes</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">138,061</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,672,957</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8AD_zAn9vuavud8b" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table reconciles China statutory rates to the Company’s effective tax rate:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zHgklEL9FjJk" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BC_zWpTdPyPbD3i" style="display: none">Schedule of Effective Income Tax Rate Reconciliation</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2019</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">China statutory income tax rate</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20210101__20211231_zK6pqSfp09R9" title="China statutory income tax rate">25.0</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20200101__20201231_zHh3gpE7LjM4" title="China statutory income tax rate">25.0</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20190101__20191231_zKGbRYazmR19" title="China statutory income tax rate">25.0</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Preferential tax rate reduction</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--PreferentialTaxRateReduction_dp_c20210101__20211231_zF8DvGctOt17" title="Preferential tax rate reduction">(10.0</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--PreferentialTaxRateReduction_dp_c20200101__20201231_zSnHzTIZj7Zc" title="Preferential tax rate reduction">(10.0</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_ecustom--PreferentialTaxRateReduction_dp_c20190101__20191231_zi3L4IOF5Mwb" title="Preferential tax rate reduction">(10.0</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Preferential Blue Hat Pingxiang</span> <span style="font: 10pt Times New Roman, Times, Serif">tax rate reduction</span></td> <td/> <td style="text-align: right"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">—</span></td> <td style="text-align: left"/> <td/> <td style="text-align: right"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">—</span></td> <td style="text-align: left"/> <td/> <td style="text-align: right"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_ecustom--PreferentialBlueHatPingxiangTaxRateReduction_dp_c20190101__20191231_zuLvTbl8jH2f" title="Preferential Blue Hat Pingxiang tax rate reduction">(12.5</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)%</span></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Permanent difference</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_dp_c20210101__20211231_zxCtYeSmsCz" title="Permanent difference">(15.2</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_dp_c20200101__20201231_zznEGxSwNog8" title="Permanent difference">2.1</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_dp_c20190101__20191231_zyvPyoo9SNv2" title="Permanent difference">2.3</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Effective tax rate</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_dp_c20210101__20211231_zpTeHjJs37o1" title="Effective tax rate">(0.2</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_dp_c20200101__20201231_zgwEOO6DsPI5" title="Effective tax rate">17.1</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_dp_c20190101__20191231_zCGWt5lUPP0k" title="Effective tax rate">4.8</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A3_zfCw24n65wJ5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Deferred tax (liabilities)/assets – China</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Significant components of deferred tax (liabilities)/assets were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z6Y6DBg3D0N5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details 2)"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span id="xdx_8BA_z57uGaTOEyBl" style="display: none">Schedule of significant components of deferred tax assets</span></td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"> 2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020 </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left; padding-bottom: 2.5pt">Allowance for doubtful accounts</td><td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Allowance for doubtful accounts"><span style="-sec-ix-hidden: xdx2ixbrl1886">—</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Allowance for doubtful accounts">119,127</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A5_zXQfo3fTBOrf" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 11pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2021, 2020 and 2019, the Company had approximately $<span id="xdx_902_ecustom--AllowanceForDoubtfulAccountsPRC_pp0n3_dm_c20210101__20211231_zJmUyjgLDM17" title="Allowance for doubtful accounts">30</span> million, $<span id="xdx_905_ecustom--AllowanceForDoubtfulAccountsPRC_pp0n3_dm_c20200101__20201231_z5HVHW2JtUn4" title="Allowance for doubtful accounts">0.70</span> million and $<span id="xdx_908_ecustom--AllowanceForDoubtfulAccountsPRC_pp0n3_dm_c20190101__20191231_zuREu2fpKpgc" title="Allowance for doubtful accounts">1.30</span> million of allowance for doubtful accounts held at its profitable PRC VIEs with deferred tax assets of approximately $<span id="xdx_909_eus-gaap--DeferredTaxAssetsGross_c20211231_pp0p0" title="Deferred tax assets">0</span>, $<span id="xdx_90A_eus-gaap--DeferredTaxAssetsGross_c20201231_pp0p0" title="Deferred tax assets">119,000</span> and $<span id="xdx_902_eus-gaap--DeferredTaxAssetsGross_c20191231_pp0p0" title="Deferred tax assets">182,000</span>, respectively. The Company estimates there will not be sufficient future income to realize the deferred tax assets for certain subsidiaries and VIEs as of December 31, 2021. Thus, there were <span id="xdx_905_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_pp0p0_do_c20210101__20211231_zRTWznKortpg" title="Valuation allowances">no</span> valuation allowances of December 31, 2021 in respect to the deferred tax assets on allowance for doubtful accounts. </span></p> <p style="font: 11pt/102% Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Uncertain tax positions</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits and measures the unrecognized benefits associated with the tax positions. As of December 31, 2021, 2020 and 2019, the Company did <span id="xdx_906_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_pp0p0_do_c20211231_zBQlJplbIiZg" title="Uncertain tax positions"><span id="xdx_906_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_pp0p0_do_c20201231_zJDJjiIyefC4" title="Uncertain tax positions"><span id="xdx_903_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_pp0p0_do_c20191231_zDiuIsJWI8gk" title="Uncertain tax positions">no</span></span></span>t have any significant unrecognized uncertain tax positions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did <span id="xdx_90C_eus-gaap--IncomeTaxExaminationPenaltiesAndInterestExpense_pp0p0_do_c20210101__20211231_zBg5fiV4dWg4" title="Interest and penalties tax"><span id="xdx_904_eus-gaap--IncomeTaxExaminationPenaltiesAndInterestExpense_pp0p0_do_c20200101__20201231_zgqU28bCgwq9" title="Interest and penalties tax"><span id="xdx_904_eus-gaap--IncomeTaxExaminationPenaltiesAndInterestExpense_pp0p0_do_c20190101__20191231_za2ptSRYDI59" title="Interest and penalties tax">no</span></span></span>t incur any interest and penalties tax for the years ended December 31, 2021, 2020 and 2019. The Company does not anticipate any significant increases or decreases in unrecognized tax benefits in the next twelve months from December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Value added tax</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All of the Company’s service revenues that are earned and received in the PRC are subject to a Chinese VAT. The rate of Chinese VAT is <span id="xdx_903_ecustom--ValueAddedTaxRate_dp_c20190401__20190430__us-gaap--IncomeTaxAuthorityNameAxis__custom--ChineseVAT1Member_zxx9FhvvdBN1" title="Value added tax rate">16</span>%, and then changed to <span id="xdx_903_ecustom--ValueAddedTaxRate_dp_c20190401__20190430__us-gaap--IncomeTaxAuthorityNameAxis__custom--ChineseVATMember_zRV6Qvsh4qg3" title="Value added tax rate">13</span>% and <span id="xdx_907_ecustom--ValueAddedTaxRate_dp_c20190401__20190430__us-gaap--IncomeTaxAuthorityNameAxis__custom--ChineseVAT2Member_zF3uBZUaQbW2" title="Value added tax rate">6</span>% starting in April 2019 of the gross proceeds or at a rate approved by the Chinese local government.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Taxes payable consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfTaxesPayableTableTextBlock_z5DfwhJu3tnk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zVFTTvgZDlPj" style="display: none">Schedule of Taxes payable</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20211231_z6VXwBSEPwWf" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20201231_zomIOuPH0Rgk" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--VatTaxesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">VAT taxes payable</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">843,257</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,420,954</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--AccruedIncomeTaxes_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Income taxes payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,265,919</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,854,745</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_ecustom--OtherTaxesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other taxes payable</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">178,464</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">298,626</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--TaxesPayableCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Totals</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,287,640</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,574,325</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> <p id="xdx_8A9_zkrFBSy4onvi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> 0.165 0.15 0 1115176 2256051 0 0.03 0.06 <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zpoDHWUXAo84" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8BA_z2h300yJTFhl" style="display: none">Schedule of significant components of provision for income taxes</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20210101_20211231" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49D_20200101_20201231" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--CurrentIncomeTaxExpenseBenefit_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%"><span style="font: 10pt Times New Roman, Times, Serif">Current</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">138,061</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,609,850</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Deferred</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1850">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">63,107</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--IncomeTaxExpenseBenefit_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">The provision for income taxes</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">138,061</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,672,957</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 138061 1609850 63107 138061 1672957 <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zHgklEL9FjJk" style="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8BC_zWpTdPyPbD3i" style="display: none">Schedule of Effective Income Tax Rate Reconciliation</span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2019</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">China statutory income tax rate</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20210101__20211231_zK6pqSfp09R9" title="China statutory income tax rate">25.0</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20200101__20201231_zHh3gpE7LjM4" title="China statutory income tax rate">25.0</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_c20190101__20191231_zKGbRYazmR19" title="China statutory income tax rate">25.0</span></span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Preferential tax rate reduction</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--PreferentialTaxRateReduction_dp_c20210101__20211231_zF8DvGctOt17" title="Preferential tax rate reduction">(10.0</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--PreferentialTaxRateReduction_dp_c20200101__20201231_zSnHzTIZj7Zc" title="Preferential tax rate reduction">(10.0</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_ecustom--PreferentialTaxRateReduction_dp_c20190101__20191231_zi3L4IOF5Mwb" title="Preferential tax rate reduction">(10.0</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Preferential Blue Hat Pingxiang</span> <span style="font: 10pt Times New Roman, Times, Serif">tax rate reduction</span></td> <td/> <td style="text-align: right"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">—</span></td> <td style="text-align: left"/> <td/> <td style="text-align: right"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">—</span></td> <td style="text-align: left"/> <td/> <td style="text-align: right"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_ecustom--PreferentialBlueHatPingxiangTaxRateReduction_dp_c20190101__20191231_zuLvTbl8jH2f" title="Preferential Blue Hat Pingxiang tax rate reduction">(12.5</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)%</span></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Permanent difference</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_dp_c20210101__20211231_zxCtYeSmsCz" title="Permanent difference">(15.2</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_dp_c20200101__20201231_zznEGxSwNog8" title="Permanent difference">2.1</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_dp_c20190101__20191231_zyvPyoo9SNv2" title="Permanent difference">2.3</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Effective tax rate</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_dp_c20210101__20211231_zpTeHjJs37o1" title="Effective tax rate">(0.2</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif">)%</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_dp_c20200101__20201231_zgwEOO6DsPI5" title="Effective tax rate">17.1</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif">%</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate_dp_c20190101__20191231_zCGWt5lUPP0k" title="Effective tax rate">4.8</span></span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 0.250 0.250 0.250 -0.100 -0.100 -0.100 -0.125 -0.152 0.021 0.023 -0.002 0.171 0.048 <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z6Y6DBg3D0N5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details 2)"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span id="xdx_8BA_z57uGaTOEyBl" style="display: none">Schedule of significant components of deferred tax assets</span></td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"> 2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020 </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left; padding-bottom: 2.5pt">Allowance for doubtful accounts</td><td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_c20211231_pp0p0" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Allowance for doubtful accounts"><span style="-sec-ix-hidden: xdx2ixbrl1886">—</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_c20201231_pp0p0" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Allowance for doubtful accounts">119,127</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 119127 30000000 700000 1300000 0 119000 182000 0 0 0 0 0 0 0 0.16 0.13 0.06 <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfTaxesPayableTableTextBlock_z5DfwhJu3tnk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - TAXES (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zVFTTvgZDlPj" style="display: none">Schedule of Taxes payable</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20211231_z6VXwBSEPwWf" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20201231_zomIOuPH0Rgk" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_ecustom--VatTaxesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">VAT taxes payable</span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">843,257</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 8%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,420,954</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--AccruedIncomeTaxes_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Income taxes payable</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,265,919</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,854,745</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_ecustom--OtherTaxesPayable_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other taxes payable</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">178,464</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">298,626</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--TaxesPayableCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif">Totals</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,287,640</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,574,325</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"/> 843257 4420954 2265919 1854745 178464 298626 3287640 6574325 <p id="xdx_809_eus-gaap--ConcentrationRiskDisclosureTextBlock_zNf4NctMGvBd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">17. <span id="xdx_828_zeSKn0ClGSu">Concentration of risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Credit risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash (including restricted cash and certificate deposits). As of December 31, 2021, 2020 and 2019, $<span id="xdx_90F_eus-gaap--FairValueConcentrationOfRiskCashAndCashEquivalents_iI_pp0p0_c20211231_zwLgp1EW2UK4" title="Cash">134,605</span>, $<span id="xdx_90F_eus-gaap--FairValueConcentrationOfRiskCashAndCashEquivalents_c20201231_pp0p0">15,752,639</span> and $<span id="xdx_90A_eus-gaap--FairValueConcentrationOfRiskCashAndCashEquivalents_iI_pp0p0_c20191231_zSl1BDhXViJd">15,478,337</span> were deposited with financial institutions located in the PRC, respectively. These balances are not covered by insurance. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is also exposed to risk from its accounts receivable and other receivables. These assets are subjected to credit evaluations. An allowance has been made for estimated unrecoverable amounts which have been determined by reference to past default experience and the current economic environment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our functional currency is the RMB, and our financial statements are presented in U.S. dollars. It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the RMB and the U.S. dollar in the future. The change in the value of the RMB relative to the U.S. dollar may affect our financial results reported in the U.S. dollar terms without giving effect to any underlying changes in our business or results of operations. Currently, our assets, liabilities, revenues and costs are denominated in RMB.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To the extent that the Company needs to convert U.S. dollars into RMB for capital expenditures and working capital and other business purposes, appreciation of RMB against U.S. dollar would have an adverse effect on the RMB amount the Company would receive from the conversion. Conversely, if the Company decides to convert RMB into U.S. dollar for the purpose of making payments for dividends, strategic acquisition or investments or other business purposes, appreciation of U.S. dollar against RMB would have a negative effect on the U.S. dollar amount available to the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Customer concentration risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended December 31, 2021, two customers accounted for <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--OneCustomersMember_z0fpyCQWhH23" title="Concentration Risk, Percentage">14.6</span>% and <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_z7NEC1KcLxUf" title="Concentration Risk, Percentage">10.9</span>% of the Company’s total revenues. For the year ended December 31, 2020, one customer accounted for <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20200101__20201231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--OneCustomersMember_zmD9mTAjlFHb" title="Concentration Risk, Percentage">10.4</span>% of the Company’s total revenues. For the year ended December 31, 2019, two customers under the same ownership accounted for <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20190101__20191231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zyYCjwMO46Ah" title="Concentration Risk, Percentage">12.1</span>% of the Company’s total revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2021, three customers accounted for 12.9%, 12.4% and 10.9% of the total balance of accounts receivable. As of December 31, 2020, one customer accounted for 7.7% of the total balance of accounts receivable. As of December 31, 2019, two customers under the same ownership accounted for 15.1% of the total balance of accounts receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Vendor concentration risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended December 31, 2021, three vendors accounted for <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--FirstVendorMember_zlSOrBXiJuak" title="Concentration Risk, Percentage">39.72</span>%, <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--SecondVendorMember_zQHhFjT7xgK" title="Concentration Risk, Percentage">29.96</span>% and <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--ThirdVendorMember_zML0MLfjLDP8" title="Concentration Risk, Percentage">28.40</span>% of the Company’s total purchases. For the year ended December 31, 2020, two vendors accounted for <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20200101__20201231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--FirstVendorMember_zM9yMDpHAR26" title="Concentration Risk, Percentage">38.24</span>% and <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20200101__20201231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--SecondVendorMember_zyzEjNVruG92" title="Concentration Risk, Percentage">36.57</span>% of the Company’s total purchases. For the year ended December 31, 2019, two vendors accounted for <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20190101__20191231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--FirstVendorMember_zO1Zkxkyezd5" title="Concentration Risk, Percentage">54.84</span>% and <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20190101__20191231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__srt--MajorCustomersAxis__custom--SecondVendorMember_zg0n4SE8WpDb" title="Concentration Risk, Percentage">31.53</span>% of the Company’s total purchases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2021, one vendor accounted for <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__srt--MajorCustomersAxis__custom--OneVendorMember_zAliJyI9Gkp1" title="Concentration Risk, Percentage">10.10</span>% of the total balance of accounts payable. As of December 31, 2020, one vendor accounted for <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20200101__20201231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__srt--MajorCustomersAxis__custom--OneVendorMember_zXhfTZLbHLQd" title="Concentration Risk, Percentage">6.5</span>% of the total balance of accounts payable. As of December 31, 2019, one vendor accounted for <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_c20190101__20191231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__srt--MajorCustomersAxis__custom--OneVendorMember_zndiLiwOgsbb" title="Concentration Risk, Percentage">14</span>% of the total balance of accounts payable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> 134605 15752639 15478337 0.146 0.109 0.104 0.121 0.3972 0.2996 0.2840 0.3824 0.3657 0.5484 0.3153 0.1010 0.065 0.14 <p id="xdx_80A_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_za6sUfKzhRG9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">18. <span id="xdx_823_zaOBjIJb046j">Shareholders’ equity</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Ordinary shares</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Hat Cayman was established under the laws of Cayman Islands on June 13, 2018. The authorized number of ordinary shares is <span id="xdx_901_eus-gaap--CommonStockSharesAuthorized_iI_c20211231_z6KVcCyOKAia" title="Common stock, shares authorized"><span id="xdx_90E_eus-gaap--CommonStockSharesAuthorized_iI_c20201231_zLsAY6hK06Yh" title="Common stock, shares authorized">100,000,000</span></span> shares with a par value of $<span id="xdx_90B_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20211231_zb3eJeLNZQgd" title="Common stock, par value"><span id="xdx_90F_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20201231_zurMBjomvpw6" title="Common stock, par value">0.001</span></span> per ordinary share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Initial public offering</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 30, 2019, Blue Hat Interactive Entertainment Technology (the “Company”) completed the initial public offering (“Initial Public Offering”, “IPO”) of <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20190701__20190730__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_pdd" title="Number of common stock issued">2,000,000</span> ordinary shares at an initial public offering price of $<span id="xdx_901_eus-gaap--SaleOfStockPricePerShare_c20190730__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_pdd" title="Initial public offering price">4.00</span> per share, before underwriting discounts and commissions and offering expenses, resulting in gross proceeds of $<span id="xdx_90E_ecustom--GrossProceedsUnderwritingDiscountsAndCommissionsAndOfferingExpenses_c20190701__20190730__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_pp0p0" title="Gross proceeds underwriting discounts and commissions and offering expenses">8,000,000</span> before underwriting discounts and commissions and offering expenses. The net proceeds from the IPO amounted to $<span id="xdx_908_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20190701__20190730__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_pp0p0" title="Net proceeds from IPO">7,417,077</span> after deducting the issuance costs of $<span id="xdx_900_eus-gaap--DeferredFinanceCostsNet_c20190730__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_pp0p0" title="Issuance costs">582,923</span> and before deducting offering expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The option granted to ViewTrade Securities, Inc. was expired as of December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Consulting Service Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 29, 2020, the Company entered into a Consulting Service Agreement (the “Agreement”) with First Trust China Ltd (the “Consultant”), a company incorporated in PRC, pursuant to which Consultant will: (i) assisting the Company in planning and implementing new business plans with the objective of improve Company’s long-term growth potential and delivering values to shareholders; (ii) advising the Company’s board of directors and management on all matters as positioning the Company for its next stage of growth; (iii) identifying prospective joint venture and strategic alliance opportunities for the Company, helping the Company to negotiate agreements and advising the Company on mergers and acquisitions; and (iv) identifying potential merger and acquisition targets for the Company, and provide necessary business analysis, evaluation and due diligence of the targeted companies as requested by the Company, as well as advising the Company on specific merger/acquisition issues. The term of the Agreement is one year. In consideration of the services to be provided by the Consultant to the Company, the Company agrees to pay the Consultant consulting fee totally $360,000 or 500,000 common shares. The Company shall issue a total of 500,000 of the Company Common Stock (the “Consultant Shares”) as the payment for the above mentioned consultant fee to the Consultant. For the year ended December 31, 2020, the Company recorded stock related compensation of $287,500, based on the stock closing price of $1.15 within ten days of the Agreement date, for the 250,000 shares which were released to the Consultant immediately upon issuance. On September 14, 2021, the Company released the second batch of 250,000 shares to the Consultant and the Company will recognize stock related compensation of $155,825 for the 250,000 shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Restricted assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiary. Relevant PRC statutory laws and regulations permit payments of dividends by Blue Hat WFOE, Blue Hat Fujian, Blue Hat Hunan and Xinyou Technology and Fujian Roar Game (collectively “Blue Hat PRC entities”) only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Blue Hat PRC entities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Hat PRC entities are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of their registered capital. In addition, Blue Hat PRC entities may allocate a portion of its after- tax profits based on PRC accounting standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. Blue Hat PRC entities may allocate a portion of its after-tax profits based on PRC accounting standards to a discretionary surplus fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by State Administration of Foreign Exchange.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the foregoing restrictions, Blue Hat PRC entities are restricted in their ability to transfer their assets to the Company. Foreign exchange and other regulation in the PRC may further restrict Blue Hat PRC entities from transferring funds to the Company in the form of dividends, loans and advances. As of December 31, 2021, 2020 and 2019, amounts restricted are the paid-in-capital and statutory reserve of Blue Hat PRC entities, which amounted to $<span id="xdx_900_eus-gaap--OtherAdditionalCapital_c20211231__dei--LegalEntityAxis__custom--BlueHatPRCMember_pp0p0" title="Paid-in-capital and statutory reserve">15,595,422</span>, $<span id="xdx_903_eus-gaap--OtherAdditionalCapital_c20201231__dei--LegalEntityAxis__custom--BlueHatPRCMember_pp0p0" title="Paid-in-capital and statutory reserve">15,656,344</span> and $<span id="xdx_90B_eus-gaap--OtherAdditionalCapital_c20191231__dei--LegalEntityAxis__custom--BlueHatPRCMember_pp0p0" title="Paid-in-capital and statutory reserve">14,154,734</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Statutory reserve</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the years ended December 31, 2021, 2020 and 2019, Blue Hat PRC entities collectively attributed $(<span id="xdx_901_ecustom--StatutoryReserves_c20210101__20211231__dei--LegalEntityAxis__custom--BlueHatPRCMember_pp0p0" title="Statutory reserves">60,922</span>), $<span id="xdx_90F_ecustom--StatutoryReserves_c20200101__20201231__dei--LegalEntityAxis__custom--BlueHatPRCMember_pp0p0" title="Statutory reserves">914,409</span> and $<span id="xdx_903_ecustom--StatutoryReserves_c20190101__20191231__dei--LegalEntityAxis__custom--BlueHatPRCMember_pp0p0" title="Statutory reserves">111,333</span> of retained earnings for their statutory reserves, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Capital contributions</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2021, 2020 and 2019, the Company’s shareholders contributed $<span id="xdx_90B_eus-gaap--ProceedsFromContributedCapital_c20210101__20211231_pp0p0" title="Capital contributions">12,830,780</span>, $<span id="xdx_909_eus-gaap--ProceedsFromContributedCapital_c20200101__20201231_pp0p0" title="Capital contributions">2,698,046</span>, and $<span id="xdx_90A_eus-gaap--ProceedsFromContributedCapital_c20190101__20191231_pp0p0" title="Capital contributions">7,942,021</span> to the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> 100000000 100000000 0.001 0.001 2000000 4.00 8000000 7417077 582923 15595422 15656344 14154734 60922 914409 111333 12830780 2698046 7942021 <p id="xdx_80D_ecustom--DiscontinuedOperationsTextBlock_z8MsnzkQzcik" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">19. IMPAIRMENT LOSS</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded $<span id="xdx_900_ecustom--ImpairmentLossRelatedToGoodwill_pp0n3_dm_c20210101__20211231_zomB1M8nKeh9" title="Impairment loss related to goodwill">18.44</span> million of impairment loss in fiscal year 2021 related with goodwill and amortization asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 25, 2021, Blue Hat Cayman acquired 100% entity interest of Fresh Joy and in January 2021 acquire the 51.5% equity of Fujian Youth that Fujian Youth become the 100% wholly owned subsidiary under the Company. Both transactions formed Goodwill while acquisition. The Company tests goodwill for impairment for its reporting units on an annual basis, or when events occur or circumstances indicate the fair value of a reporting unit is below its carrying value. If the fair value of a reporting unit is less than its carrying value, an impairment loss is recorded to the extent that implied fair value of the goodwill within the reporting unit is less than its carrying value.</p> <p style="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the discounted cash flow model to estimate fair value, which requires management to make significant estimates and assumptions related to forecasts of future revenue and operating margin. In addition, the discounted cash flow model requires the Company to select an appropriate weighted average cost of capital based on current market conditions as of December 31, 2021. The Company has concluded that goodwill impairment loss is $<span id="xdx_90D_eus-gaap--GoodwillImpairmentLoss_pp0n3_dm_c20210101__20211231_zTRIp2lyKRic" title="Goodwill impairment loss">3.81</span> million as of December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Acquired intangible assets are recognized based on their cost to the Company, which generally includes the transaction costs of the asset acquisition, and no gain or loss is recognized unless the fair value of noncash assets given as consideration differs from the assets’ carrying amounts on the Company’s book. These assets are amortized over their useful lives if the assets are deemed to have a finite life and they are reviewed for impairment by testing for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The fair value of an intangible asset is the amount that would be determined if the entity used the assumptions that market participants would use if they were pricing the intangible asset. The useful life of the Company’s intangible assets is ten years, which is determined by using the time period that an intangible is estimated to contribute directly or indirectly to a Company’s future cash flows. The Company assessed some of the licensed software is unlikely to generate cash flow, as of year ended December 2021, it recorded $<span id="xdx_90E_ecustom--ImpairmentLossRelatedToLicensedSoftware_pp0n3_dm_c20210101__20211231_zuadLQOzNk0b" title="Impairment loss related to licensed software">14.63</span> million impairment loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">20. <span id="xdx_82B_zrf0O8kwCFM7">DISCONTINUED OPERATIONS</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 30, 2021, the Company entered into a share transfer agreement with a third party to sell Xunpusen (Xiamen) Technology Co., Ltd., pursuant to the terms of the Agreement, the buyer purchased 100% of the Company’s ownership of Xunpusen and 100% owned subsidiary Xingjuyun (Xiamen) Technology Co., Ltd. for a total price of $1,333,023, resulting in a gain on disposal of $<span id="xdx_901_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--XunpusenechnologyCoLtdMember_zjueyOIqoWdc">683,688</span>.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 20, 2021, the Company sold 100% of the ownership of Xiamen Jiuqiao Technology Co., Ltd., and 100% owned subsidiaries to a third party for a total price of $8,368,930, resulting in a gain on disposal of $<span id="xdx_900_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--XiamenJiuqiaoTechnologyMember_z6buEmgR7rOk">811,269</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 19.15pt 0 35.45pt; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 32.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 15, 2021, Shenyang Qimengxing Trading Co., Ltd. (“Blue Hat Shenyang”) was deregistered, resulting in a loss on disposal of $<span id="xdx_903_ecustom--GainOnDisposal_pp0p0_c20210101__20211231__dei--LegalEntityAxis__custom--ShenyangQimengxingTradingCoLtdMember_zjHKbcmM2N82" title="Gain on disposal">1,012</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Loss from discontinued operations for the ended December 31, 2021 and 2020 was as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_zcGio7AtLsnl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - DISCONTINUED OPERATIONS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B1_zgaDekkfHGW" style="display: none">Schedule of Loss from discontinued operations</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20210101__20211231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zbNzXDsSzOHl" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20200101__20201231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_z4xCaWR2Jd2d" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="text-align: center">December 31</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr id="xdx_40E_eus-gaap--Revenues_zeykmHhSTnxc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%">Revenues</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">16,464,160</p></td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">5,591,146</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostOfRevenue_iN_pp0p0_di_zU6LBCd6al0j" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(13,741,705)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,026,920</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--GrossProfit_zZXndT7A3a14" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Gross profit</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,722,455</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">564,226</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingExpensesAbstract_iB_zrCbJkJoBGbk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--GeneralAndAdministrativeExpense_iN_di_zcsc3qwmRKL2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">General and Administrative</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(281,460)</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(150,945</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--SellingAndMarketingExpense_iN_di_zjGWtxYox3Kg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Selling expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(881,654)</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(41,800</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--ResearchAndDevelopmentExpense_iN_di_zLchwvD71M5c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Research and development</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(6,959)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(34,695</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--OperatingExpenses_iN_di_zIo2FMWNFAp5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,552,382</p></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">336,786</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_zmVv8Wbo9pbf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other income (expense)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InvestmentIncomeInterest_zzHs8Ap0Vtsi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">378</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20</td><td style="text-align: left"/></tr> <tr id="xdx_40A_eus-gaap--OtherNonoperatingIncomeExpense_z5Xju34TScak" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other (expense) income, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">66,871</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(408</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--OtherGeneralExpense_iN_di_zEjh8JhcqJ5g" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other finance expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(14,939)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(27</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NonoperatingIncomeExpense_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Total</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">52,310</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(415</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_zEW10t9gVW4h" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss from discontinued operations before income tax</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,604,692</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">336,371</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxExpenseBenefit_zupmX7DraNj4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Income tax provision</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(593,389)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(103,218</td><td style="padding-bottom: 1pt; text-align: left">) </td></tr> <tr id="xdx_40C_ecustom--IncomeFromDiscontinuedOperationsBeforeNoncontrollingInterest_zGofkDfQ4M8i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Income from discontinued operations before non-controlling interest</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,011,303</p></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">233,153</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLossAttributableToNoncontrollingInterest_zRkqo9s87JK5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: Net loss attributable to non-controlling interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2092">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">111,404</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_z5B45YlPutfa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income from discontinued operation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,011,303</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">121,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8AE_znTRMRhRs10g" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The major components of assets and liabilities related to discontinued operations are summarized below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zHjYMpZzvOMd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - DISCONTINUED OPERATIONS (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B4_zDATnhtgD0v8" style="display: none">Schedule of components of assets and liabilities</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20211231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zPjAUSStyeDe" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20201231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zDTbM5k1Pga4" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_iI_zEqGkQTUjgOc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%">Cash</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">866,075</p></td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">47,859</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet_iI_zOVP2JRrlDEi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,990,419</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">726,845</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets_iI_z0cgDJ4a80m9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">7,041,322</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">46,915</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssets_iI_z3xQUlhFCRIc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepayments, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,644,553</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,459,948</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationInventory1_iI_zN9ceScG7mbf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventories</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">130,532</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2119">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment_iI_zkjwlmDsxmE5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Property, plant and equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">17,044</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,755</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets_iI_ztXN5miHHGCd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">70,454</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">64,299</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--DisposalGroupIncludingDiscontinuedOperationAssets_iI_zTA6zHVhHkvi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total assets related to discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">13,760,399</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,348,621</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsPayable_iI_z6kVGJywINY6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">813,038</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">724,022</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OtherPayablesAndAccruedExpenses_iI_zgAfl96isf5f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables and accrued expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">794,599</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">100,657</p></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--OperatingLeaseLiabilitiescurrent_iI_zziL7n2bNypj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">20,621</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">58,422</p></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--CustomerDeposit_iI_zVbFVkRHKPj8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">865,717</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">947,687</p></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxPayable_iI_zy3QhsFcDUl8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Tax payables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,334,922</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">228,129</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities_iI_zme6dotfPL8a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other non-current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">29,051</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2146">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_iI_zIWk2quM75Xe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total liabilities related to discontinued operations</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">4,857,948</p></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,058,917</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p id="xdx_8A1_zKIgHhREQzwj" style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> 18440000 3810000 14630000 683688 811269 1012 <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_zcGio7AtLsnl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - DISCONTINUED OPERATIONS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B1_zgaDekkfHGW" style="display: none">Schedule of Loss from discontinued operations</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20210101__20211231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zbNzXDsSzOHl" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20200101__20201231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_z4xCaWR2Jd2d" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="text-align: center">December 31</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr id="xdx_40E_eus-gaap--Revenues_zeykmHhSTnxc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%">Revenues</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">16,464,160</p></td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">5,591,146</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostOfRevenue_iN_pp0p0_di_zU6LBCd6al0j" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(13,741,705)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,026,920</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--GrossProfit_zZXndT7A3a14" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Gross profit</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,722,455</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">564,226</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingExpensesAbstract_iB_zrCbJkJoBGbk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Operating expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--GeneralAndAdministrativeExpense_iN_di_zcsc3qwmRKL2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">General and Administrative</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(281,460)</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(150,945</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--SellingAndMarketingExpense_iN_di_zjGWtxYox3Kg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Selling expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(881,654)</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(41,800</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--ResearchAndDevelopmentExpense_iN_di_zLchwvD71M5c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Research and development</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(6,959)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(34,695</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--OperatingExpenses_iN_di_zIo2FMWNFAp5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,552,382</p></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">336,786</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_zmVv8Wbo9pbf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other income (expense)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InvestmentIncomeInterest_zzHs8Ap0Vtsi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">378</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">20</td><td style="text-align: left"/></tr> <tr id="xdx_40A_eus-gaap--OtherNonoperatingIncomeExpense_z5Xju34TScak" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other (expense) income, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">66,871</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(408</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--OtherGeneralExpense_iN_di_zEjh8JhcqJ5g" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other finance expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(14,939)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(27</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--NonoperatingIncomeExpense_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Total</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">52,310</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(415</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_zEW10t9gVW4h" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss from discontinued operations before income tax</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,604,692</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">336,371</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxExpenseBenefit_zupmX7DraNj4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Income tax provision</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(593,389)</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(103,218</td><td style="padding-bottom: 1pt; text-align: left">) </td></tr> <tr id="xdx_40C_ecustom--IncomeFromDiscontinuedOperationsBeforeNoncontrollingInterest_zGofkDfQ4M8i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Income from discontinued operations before non-controlling interest</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,011,303</p></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">233,153</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLossAttributableToNoncontrollingInterest_zRkqo9s87JK5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: Net loss attributable to non-controlling interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2092">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">111,404</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_z5B45YlPutfa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Income from discontinued operation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">1,011,303</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">121,749</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 16464160 5591146 13741705 5026920 2722455 564226 281460 150945 881654 41800 6959 34695 -1552382 -336786 378 20 66871 -408 14939 27 52310 -415 1604692 336371 -593389 -103218 1011303 233153 111404 1011303 121749 <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zHjYMpZzvOMd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - DISCONTINUED OPERATIONS (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B4_zDATnhtgD0v8" style="display: none">Schedule of components of assets and liabilities</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20211231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zPjAUSStyeDe" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20201231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zDTbM5k1Pga4" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3" style="text-align: center">December 31,</td><td> </td> <td colspan="3" style="text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_iI_zEqGkQTUjgOc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%">Cash</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">866,075</p></td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">47,859</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet_iI_zOVP2JRrlDEi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,990,419</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">726,845</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets_iI_z0cgDJ4a80m9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">7,041,322</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">46,915</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssets_iI_z3xQUlhFCRIc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepayments, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,644,553</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,459,948</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationInventory1_iI_zN9ceScG7mbf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventories</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">130,532</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2119">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment_iI_zkjwlmDsxmE5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Property, plant and equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">17,044</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,755</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets_iI_ztXN5miHHGCd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">70,454</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">64,299</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--DisposalGroupIncludingDiscontinuedOperationAssets_iI_zTA6zHVhHkvi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total assets related to discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">13,760,399</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,348,621</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsPayable_iI_z6kVGJywINY6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">813,038</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">724,022</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OtherPayablesAndAccruedExpenses_iI_zgAfl96isf5f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables and accrued expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">794,599</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">100,657</p></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--OperatingLeaseLiabilitiescurrent_iI_zziL7n2bNypj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">20,621</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">58,422</p></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--CustomerDeposit_iI_zVbFVkRHKPj8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">865,717</p></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">947,687</p></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxPayable_iI_zy3QhsFcDUl8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Tax payables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">2,334,922</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">228,129</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities_iI_zme6dotfPL8a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other non-current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">29,051</p></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2146">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_iI_zIWk2quM75Xe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total liabilities related to discontinued operations</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">4,857,948</p></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,058,917</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"/> 866075 47859 2990419 726845 7041322 46915 2644553 1459948 130532 17044 2755 70454 64299 13760399 2348621 813038 724022 794599 100657 20621 58422 865717 947687 2334922 228129 29051 4857948 2058917 <p id="xdx_80A_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zR1CtM9BCIb1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">21. <span id="xdx_82C_ztYFyVQLFU8">Commitments and CONTINGENCIES</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Purchase commitments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has entered into six agreements for game software development and three agreements for community software development. As of December 31, 2021 and 2020, the Company’s commitment under these agreements amounted to $16,917,985 and $8,309,706, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><span style="text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Variable interest entity structure</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the opinion of management, (i) the corporate structure of the Company is in compliance with existing PRC laws and regulations; (ii) the Contractual Arrangements are valid and binding, and do not result in any violation of PRC laws or regulations currently in effect; and (iii) the business operations of the variable interest entity equity holders and the wholly owned entity are in compliance with existing PRC laws and regulations in all material respects.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">However, there are substantial uncertainties regarding the interpretation and application of current and future PRC laws and regulations. Accordingly, the Company cannot be assured that PRC regulatory authorities will not ultimately take a contrary view to the foregoing opinion of its management. If the current corporate structure of the Company or the Contractual Arrangements is found to be in violation of any existing or future PRC laws and regulations, the Company may be required to restructure its corporate structure and operations in the PRC to comply with changing and new PRC laws and regulations. In the opinion of management, the likelihood of loss in respect of the Company’s current corporate structure or the Contractual Arrangements is remote based on current facts and circumstances.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.4pt 0 35.45pt; text-align: justify"> </p> <p id="xdx_805_eus-gaap--SubsequentEventsTextBlock_zkNVWa7Jg7Qg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">22. <span id="xdx_822_zqJEXsqgvUu6">SUBSEQUENT EVENT</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has evaluated subsequent events through the date of the issuance of the consolidated financial statements and no subsequent event is identified.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p id="xdx_80D_eus-gaap--SegmentReportingDisclosureTextBlock_zc194l0l7gv3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase">23.<span id="xdx_82F_zoEnXHQ3Hf75">Segment information and revenue analysis</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows ASC 280, Segment Reporting, which requires that companies to disclose segment data based on how management makes decision about allocating resources to each segment and evaluating their performances. The Company has three reporting segments. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company considers itself to be operating within one reportable segment. The Company’s revenue and net income are substantially derived from interactive toys, and mobile games.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Disaggregated information of revenues by business lines are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--DisaggregationOfRevenueTableTextBlock_zydsnIsMGf85" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT INFORMATION AND REVENUE ANALYSIS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B3_zRSDVIc1zOei" style="display: none">Schedule of disaggregated information of revenues by business lines</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2019</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Interactive toys - animation series</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_987_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="width: 11%; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">657,619</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="width: 11%; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">1,575,903</span></td> <td style="width: 1%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="width: 11%; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">160,672</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Interactive toys - game series</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">8,723,480</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">16,131,115</span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98B_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">21,152,258</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Mobile game</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">4,165,456</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">2,506,285</span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">2,521,199</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Information service</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">1,608,519</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">4,386,620</span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2183">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total revenues</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--Revenues_c20210101__20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">15,155,074</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--Revenues_c20200101__20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">24,599,923</span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--Revenues_c20190101__20191231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">23,834,129</span><span style="font-family: Times New Roman, Times, Serif"/></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p id="xdx_8A5_zenJwqK3M0Lb" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Disaggregated information by business lines are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 11.35pt; text-align: justify; text-indent: 24.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Year ended December 31, 2021 </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--DisaggregatedInformationByBusinessLinesTableTextBlock_zKtEPTmpmIsc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT INFORMATION AND REVENUE ANALYSIS (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B4_zXHoCIxghes6" style="display: none">Schedule of disaggregated information by business lines</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center">   </td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys animation series</td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive to game series</td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">  Mobile game</td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Information Service</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%">Revenue</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_z4WYLQE6Sjof" style="width: 10%; text-align: right" title="Revenue">657,619</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zJRjrxie9JWb" style="width: 10%; text-align: right" title="Revenue">8,723,480</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zkf4zdpLIMA6" style="width: 10%; text-align: right" title="Revenue">4,165,456</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_z5iJxaYKUQPj" style="width: 10%; text-align: right" title="Revenue">1,608,519</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Costs of revenue</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_ztIHM7dXSiQ7" style="text-align: right" title="Costs of revenue">(140,450</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_z8WAkx1ughy2" style="text-align: right" title="Costs of revenue">(4,340,776</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zIdAVSKregc2" style="text-align: right" title="Costs of revenue">(2,889,486</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_zlMXO8xAks6i" style="text-align: right" title="Costs of revenue">(1,301,438</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="text-align: right" title="Gross Profit">517,169</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Gross Profit">4,382,704</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Gross Profit">1,275,970</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="text-align: right" title="Gross Profit">307,081</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="17" style="text-align: left">Year ended December 31, 2020</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> animation series</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> game series</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Mobile game</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Information<br/> Service</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-indent: 0pt; padding-left: 0pt">Revenue</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zEmbAh0BGkgl" style="width: 10%; text-align: right" title="Revenue">1,575,903</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zbbYeNwd69S4" style="width: 10%; text-align: right" title="Revenue">16,131,115</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zS5pu9YsJj7b" style="width: 10%; text-align: right" title="Revenue">2,506,285</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_zEYqPn6db50e" style="width: 10%; text-align: right" title="Revenue">4,386,620</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Costs of revenue</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zKaTie81GF5k" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(1,331,731</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zHwuAYjd6eU" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(5,503,184</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zAxKVyGsl0Wl" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(10,577</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_zzNRmHYPQJLg" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(4,334,411</td><td style="padding-bottom: 1pt; text-align: left">) </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: 0pt; padding-left: 0pt">Gross Profit</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">244,172</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">10,627,931</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">2,495,708</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">52,209</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="13" style="text-align: left">Year ended December 31, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 1pt 10pt; text-indent: -10pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> animation series</td> <td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> game series</td> <td style="padding-bottom: 1pt; font-size: 11pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center"> <br/><span style="font: 10pt Times New Roman, Times, Serif">Mobile game</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-indent: -10pt">Revenue</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zOWFXWP2R9G6" style="width: 11%; text-align: right" title="Revenue">160,672</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zChIQpVRzj8j" style="width: 11%; text-align: right" title="Revenue">21,152,258</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--Revenues_pp0p0_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zR6uYIYIft1d" style="width: 11%; text-align: right" title="Revenue">2,521,199</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 10pt; text-indent: -10pt">Costs of revenue</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zxHdHZNc1qi3" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(81,201</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_986_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_z5B42ERmvAk5" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(7,160,508</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zCdnsaEgdCsk" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(290,091</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 2.5pt 10pt; text-align: left; text-indent: -10pt">Gross Profit</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98D_eus-gaap--GrossProfit_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">79,471</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_988_eus-gaap--GrossProfit_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">13,991,750</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_984_eus-gaap--GrossProfit_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">2,231,108</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zqou7mGO9Tf2" style="margin: 0"> </p> <p style="margin: 0">The Company’s operations are primarily based in the PRC, where the Company derives a substantial portion of their revenues. Management also reviews consolidated financial results by business locations. Disaggregated information of revenues by geographic locations are as follows</p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--DisaggregatedInformationOfRevenuesByGeographicLocationsTableTextBlock_zOWLJfE2n3w7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT INFORMATION AND REVENUE ANALYSIS (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 0pt; text-align: left; text-indent: 0pt"><span id="xdx_8B3_zI7zQUXgIABf" style="display: none">Schedule of disaggregated information of revenues by geographic locations</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: center; text-indent: 0pt"> <br/>  <br/>  </td> <td> <br/>  <br/>  </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31,<br/> 2021</td> <td> <br/>  <br/>  </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31,<br/> 2020</td> <td> <br/>  <br/>  </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31,<br/> 2019</td> </tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: center; text-indent: 0pt"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 47%; text-align: left; text-indent: 0pt">Domestic PRC revenues</td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20210101__20211231__srt--StatementGeographicalAxis__custom--DomesticPRCMember_z2uHqeqIUHj6" style="width: 11%; text-align: right" title="Total revenues">15,155,074</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pp0p0_c20200101__20201231__srt--StatementGeographicalAxis__custom--DomesticPRCMember_zRviHlkJHiH5" style="width: 11%; text-align: right" title="Total revenues">24,599,923</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20190101__20191231__srt--StatementGeographicalAxis__custom--DomesticPRCMember_z4qAlmdFe42i" style="width: 11%; text-align: right" title="Total revenues">23,834,129</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt; text-align: left; text-indent: 0pt">Export revenues</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--Revenues_c20210101__20211231__srt--StatementGeographicalAxis__custom--ExportMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="-sec-ix-hidden: xdx2ixbrl2272">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--Revenues_c20200101__20201231__srt--StatementGeographicalAxis__custom--ExportMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="-sec-ix-hidden: xdx2ixbrl2274">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--Revenues_c20190101__20191231__srt--StatementGeographicalAxis__custom--ExportMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="-sec-ix-hidden: xdx2ixbrl2276">—</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 2.5pt; text-align: left; text-indent: 0pt">Total revenues</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20210101__20211231_zCDkB4cHH92l" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues">15,155,074</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--Revenues_pp0p0_c20200101__20201231_z3rvTlbCZAd" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues">24,599,923</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pp0p0_c20190101__20191231_zPLWR2gS61Me" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues">23,834,129</td></tr> </table> <p id="xdx_8A3_z0Us8uRdwbV3" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--DisaggregationOfRevenueTableTextBlock_zydsnIsMGf85" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT INFORMATION AND REVENUE ANALYSIS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B3_zRSDVIc1zOei" style="display: none">Schedule of disaggregated information of revenues by business lines</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2019</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Interactive toys - animation series</span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_987_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="width: 11%; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">657,619</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="width: 11%; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">1,575,903</span></td> <td style="width: 1%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="width: 11%; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">160,672</span></td> <td style="width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Interactive toys - game series</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98E_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">8,723,480</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">16,131,115</span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98B_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">21,152,258</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Mobile game</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98A_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">4,165,456</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">2,506,285</span></td> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98F_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">2,521,199</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Information service</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_986_eus-gaap--Revenues_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">1,608,519</span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_988_eus-gaap--Revenues_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">4,386,620</span></td> <td style="text-align: center; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_989_eus-gaap--Revenues_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2183">—</span></span></td> <td style="text-align: left; padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Total revenues</span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--Revenues_c20210101__20211231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">15,155,074</span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--Revenues_c20200101__20201231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">24,599,923</span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--Revenues_c20190101__20191231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues"><span style="font: 10pt Times New Roman, Times, Serif">23,834,129</span><span style="font-family: Times New Roman, Times, Serif"/></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 657619 1575903 160672 8723480 16131115 21152258 4165456 2506285 2521199 1608519 4386620 15155074 24599923 23834129 <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--DisaggregatedInformationByBusinessLinesTableTextBlock_zKtEPTmpmIsc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT INFORMATION AND REVENUE ANALYSIS (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B4_zXHoCIxghes6" style="display: none">Schedule of disaggregated information by business lines</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center">   </td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys animation series</td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive to game series</td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">  Mobile game</td> <td style="padding-bottom: 1pt">   </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Information Service</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%">Revenue</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_z4WYLQE6Sjof" style="width: 10%; text-align: right" title="Revenue">657,619</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zJRjrxie9JWb" style="width: 10%; text-align: right" title="Revenue">8,723,480</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zkf4zdpLIMA6" style="width: 10%; text-align: right" title="Revenue">4,165,456</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_z5iJxaYKUQPj" style="width: 10%; text-align: right" title="Revenue">1,608,519</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Costs of revenue</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_ztIHM7dXSiQ7" style="text-align: right" title="Costs of revenue">(140,450</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_z8WAkx1ughy2" style="text-align: right" title="Costs of revenue">(4,340,776</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zIdAVSKregc2" style="text-align: right" title="Costs of revenue">(2,889,486</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_zlMXO8xAks6i" style="text-align: right" title="Costs of revenue">(1,301,438</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left">$</td><td id="xdx_980_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="text-align: right" title="Gross Profit">517,169</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="text-align: right" title="Gross Profit">4,382,704</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="text-align: right" title="Gross Profit">1,275,970</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--GrossProfit_c20210101__20211231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="text-align: right" title="Gross Profit">307,081</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="17" style="text-align: left">Year ended December 31, 2020</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> animation series</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> game series</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Mobile game</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Information<br/> Service</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-indent: 0pt; padding-left: 0pt">Revenue</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zEmbAh0BGkgl" style="width: 10%; text-align: right" title="Revenue">1,575,903</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zbbYeNwd69S4" style="width: 10%; text-align: right" title="Revenue">16,131,115</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zS5pu9YsJj7b" style="width: 10%; text-align: right" title="Revenue">2,506,285</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--Revenues_pp0p0_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_zEYqPn6db50e" style="width: 10%; text-align: right" title="Revenue">4,386,620</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Costs of revenue</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zKaTie81GF5k" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(1,331,731</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zHwuAYjd6eU" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(5,503,184</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zAxKVyGsl0Wl" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(10,577</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_zzNRmHYPQJLg" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(4,334,411</td><td style="padding-bottom: 1pt; text-align: left">) </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: 0pt; padding-left: 0pt">Gross Profit</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">244,172</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">10,627,931</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">2,495,708</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--GrossProfit_c20200101__20201231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">52,209</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="13" style="text-align: left">Year ended December 31, 2019</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 1pt 10pt; text-indent: -10pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> animation series</td> <td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Interactive toys<br/> game series</td> <td style="padding-bottom: 1pt; font-size: 11pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center"> <br/><span style="font: 10pt Times New Roman, Times, Serif">Mobile game</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-indent: -10pt">Revenue</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zOWFXWP2R9G6" style="width: 11%; text-align: right" title="Revenue">160,672</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_zChIQpVRzj8j" style="width: 11%; text-align: right" title="Revenue">21,152,258</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--Revenues_pp0p0_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zR6uYIYIft1d" style="width: 11%; text-align: right" title="Revenue">2,521,199</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 10pt; text-indent: -10pt">Costs of revenue</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_zxHdHZNc1qi3" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(81,201</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_986_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_z5B42ERmvAk5" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(7,160,508</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_eus-gaap--CostOfRevenue_iN_pp0p0_di_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--MobileGameMember_zCdnsaEgdCsk" style="border-bottom: Black 1pt solid; text-align: right" title="Costs of revenue">(290,091</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 2.5pt 10pt; text-align: left; text-indent: -10pt">Gross Profit</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98D_eus-gaap--GrossProfit_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysAnimationSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">79,471</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_988_eus-gaap--GrossProfit_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InteractiveToysGameSeriesMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">13,991,750</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_984_eus-gaap--GrossProfit_c20190101__20191231__us-gaap--StatementBusinessSegmentsAxis__custom--InformationserviceMember_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Gross Profit">2,231,108</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 657619 8723480 4165456 1608519 140450 4340776 2889486 1301438 517169 4382704 1275970 307081 1575903 16131115 2506285 4386620 1331731 5503184 10577 4334411 244172 10627931 2495708 52209 160672 21152258 2521199 81201 7160508 290091 79471 13991750 2231108 <table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--DisaggregatedInformationOfRevenuesByGeographicLocationsTableTextBlock_zOWLJfE2n3w7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT INFORMATION AND REVENUE ANALYSIS (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 0pt; text-align: left; text-indent: 0pt"><span id="xdx_8B3_zI7zQUXgIABf" style="display: none">Schedule of disaggregated information of revenues by geographic locations</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: center; text-indent: 0pt"> <br/>  <br/>  </td> <td> <br/>  <br/>  </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31,<br/> 2021</td> <td> <br/>  <br/>  </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31,<br/> 2020</td> <td> <br/>  <br/>  </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31,<br/> 2019</td> </tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: center; text-indent: 0pt"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 47%; text-align: left; text-indent: 0pt">Domestic PRC revenues</td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20210101__20211231__srt--StatementGeographicalAxis__custom--DomesticPRCMember_z2uHqeqIUHj6" style="width: 11%; text-align: right" title="Total revenues">15,155,074</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--Revenues_pp0p0_c20200101__20201231__srt--StatementGeographicalAxis__custom--DomesticPRCMember_zRviHlkJHiH5" style="width: 11%; text-align: right" title="Total revenues">24,599,923</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20190101__20191231__srt--StatementGeographicalAxis__custom--DomesticPRCMember_z4qAlmdFe42i" style="width: 11%; text-align: right" title="Total revenues">23,834,129</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt; text-align: left; text-indent: 0pt">Export revenues</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--Revenues_c20210101__20211231__srt--StatementGeographicalAxis__custom--ExportMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="-sec-ix-hidden: xdx2ixbrl2272">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--Revenues_c20200101__20201231__srt--StatementGeographicalAxis__custom--ExportMember_pdp0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="-sec-ix-hidden: xdx2ixbrl2274">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--Revenues_c20190101__20191231__srt--StatementGeographicalAxis__custom--ExportMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total revenues"><span style="-sec-ix-hidden: xdx2ixbrl2276">—</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 2.5pt; text-align: left; text-indent: 0pt">Total revenues</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20210101__20211231_zCDkB4cHH92l" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues">15,155,074</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--Revenues_pp0p0_c20200101__20201231_z3rvTlbCZAd" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues">24,599,923</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--Revenues_pp0p0_c20190101__20191231_zPLWR2gS61Me" style="border-bottom: Black 2.5pt double; text-align: right" title="Total revenues">23,834,129</td></tr> </table> 15155074 24599923 23834129 15155074 24599923 23834129 <p id="xdx_805_ecustom--CondensedFinancialInformationOfParentCompanyTextBlock_zQgVPZp3xKMk" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0pt"/><td style="width: 21pt"><span style="text-transform: uppercase">24.</span></td><td style="text-align: justify"><span style="text-transform: uppercase"><span id="xdx_825_zoRA8RfBNPr">Condensed financial information of the parent company</span></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -0.5in"><span style="text-transform: uppercase"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company performed a test on the restricted net assets of consolidated subsidiary in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08(e)(3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial statements for the parent company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The subsidiary did not pay any dividend to the Company for the years presented. For the purpose of presenting parent only financial information, the Company records its investment in its subsidiary under the equity method of accounting. Such investment is presented on the separate condensed balance sheets of the Company as “Investment in subsidiary” and the income of the subsidiary is presented as “share of income of subsidiary”. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company did not have significant capital and other commitments, long-term obligations, or guarantees as of December 31, 2021 and 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 35.45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PARENT COMPANY BALANCE SHEETS </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfCondensedFinancialInformationOfParentCompanyTableTextBlock_zfmCYc6OeRW2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Condensed financial information of the parent company (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span id="xdx_8BA_zwxMyxfBKB7h" style="display: none">Schedule of condensed financial information of the parent company</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zMUO2idKeRMf" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zt77Ur80CLQk" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  <br/>  </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> December 31,<br/> 2021</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <br/>  </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> December 31,<br/> 2020</span></td></tr> <tr id="xdx_40C_eus-gaap--AssetsAbstract_iB_zIC55KCX8Kyk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASSETS</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--AssetsCurrentAbstract_i01B_zATM0gJXoYJ5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current assets:</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--CashAndCashEquivalentsAtCarryingValue_i02I_zyIwDPkDZzHk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; width: 57%; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Cash and cash equivalents</span></td> <td style="width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="width: 12%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,758</span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="width: 12%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">712,894</span></td></tr> <tr id="xdx_40B_eus-gaap--OtherReceivablesNetCurrent_i02I_zmaO7Eya8Pn9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Other receivables, net</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">204,400</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">600,000</span></td></tr> <tr id="xdx_405_eus-gaap--AssetsCurrent_i02I_zkV4rMFz7JX" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total current assets</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">213,158</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,312,894</span></td></tr> <tr id="xdx_40F_eus-gaap--AssetsNoncurrentAbstract_i01B_z5BlkuvUoLgg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-current assets:</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentNet_i02I_zZ1kH1yXjkS6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Property, plant and equipment, net</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,937,222</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,142,620</span></td></tr> <tr id="xdx_406_eus-gaap--Investments_i02I_zpY6uEX3XuT7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Investment in subsidiaries</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,873,789</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">59,731,280</span></td></tr> <tr id="xdx_40E_eus-gaap--AssetsNoncurrent_i02I_zvhNdgPkLizf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total non-current assets</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,811,011</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">63,873,900</span></td></tr> <tr id="xdx_407_eus-gaap--Assets_i02I_zVzCmLPvtWUi" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total assets</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,024,169</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">65,186,794</span></td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zalG981MLSC8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">LIABILITIES AND SHAREHOLDERS' EQUITY</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_408_eus-gaap--LiabilitiesAbstract_i01B_zoiOLtWxrasg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">LIABILITIES</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_i02I_zD8klZeVaJme" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other payables and accrued liabilities</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,364,775</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,495,595</span></td></tr> <tr id="xdx_404_ecustom--OtherPayablesRelatedParty_i02I_z32QhNDfkm1d" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Other payables - related party</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,188</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,308</span></td></tr> <tr id="xdx_40A_eus-gaap--ShortTermBorrowings_i02I_z2qxL1Hn1gGa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Short-term loans</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2334">—</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,493,239</span></td></tr> <tr id="xdx_403_eus-gaap--ConvertibleDebtCurrent_i02I_zLpPRwgKvgri" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Convertible bonds payable</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2337">—</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">739,189</span></td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesCurrent_i02I_zyABAjnGvJ8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Total current liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,373,963</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,731,331</span></td></tr> <tr id="xdx_408_eus-gaap--LiabilitiesNoncurrent_i02I_zEbYZR7MEbA6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-current liabilities</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2343">—</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">505,755</span></td></tr> <tr id="xdx_404_eus-gaap--Liabilities_i02I_zZHHyeV4OFee" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,373,963</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,237,086</span></td></tr> <tr id="xdx_40B_eus-gaap--CommitmentsAndContingencies_i01I_zFeVDEn0kmlg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">COMMITMENTS AND CONTINGENCIES</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_400_eus-gaap--StockholdersEquityAbstract_i01B_zV0dWV4Fddp3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SHAREHOLDERS' EQUITY</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--CommonStockValue_i02I_zAfiQv46jbR8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ordinary shares, $0.001 par value, 100,000,000 shares authorized, 53,823,831, 38,553,694 shares issued and outstanding as of December 31, 2021, 2020 and 2020 respectively</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">53,824</span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,554</span></td></tr> <tr id="xdx_406_eus-gaap--AdditionalPaidInCapital_i02I_zvioHxfepfr2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Additional paid-in capital</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">36,281,992</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">23,466,482</span></td></tr> <tr id="xdx_40C_ecustom--StatutoryReserve_i02I_zsV2Lt8551s1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Statutory reserves</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,143,252</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,204,174</span></td></tr> <tr id="xdx_405_eus-gaap--RetainedEarningsAccumulatedDeficit_i02I_z1aUNI93zEdj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Retained earnings</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(25,748,542</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">31,387,398</span></td></tr> <tr id="xdx_40D_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_i02I_zmWUqSPIPMXh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Accumulated other comprehensive losses</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,459,256</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,741,696</span></td></tr> <tr id="xdx_40B_eus-gaap--StockholdersEquity_i02I_z0BDOS9IgUZk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Blue Hat Interactive Entertainment Technology shareholders’ equity</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,189,782</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,838,304</span></td></tr> <tr id="xdx_409_eus-gaap--MinorityInterest_i02I_z46rMsHWXIIi" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-controlling interest</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,460,424</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">111,404</span></td></tr> <tr id="xdx_40C_eus-gaap--StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_i02I_zhAoKiY8lOE5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total equity</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,650,206</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,949,708</span></td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesAndStockholdersEquity_i02I_zHpQehbHcUb9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 2.5pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total liabilities and shareholders' equity</span></td> <td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,024,169</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">65,186,794</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PARENT COMPANY STATEMENTS OF INCOME AND COMPREHENSIVE INCOME </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 11pt; text-indent: -10pt; padding-left: 10pt"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td id="xdx_49D_20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zPUxF1Q4kQm3" style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td id="xdx_490_20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zgVkgJeVvq7h" style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td id="xdx_49E_20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zmU3vPwDWkp6" style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="9" style="text-align: center"> </td><td style="font-size: 11pt"> </td> <td colspan="3" style="font-size: 11pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 11pt; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Year ended<br/> December 31,</td><td> </td> <td colspan="3" style="text-align: center">Year ended<br/> December 31,</td><td> </td> <td colspan="3" style="text-align: center">Year ended<br/> December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 11pt; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2019</td></tr> <tr id="xdx_40D_eus-gaap--OperatingExpensesAbstract_iB_z5d0WrzX6Uw8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; text-indent: -10pt; padding-left: 10pt">Operating expenses:</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--GeneralAndAdministrativeExpense_i01N_di_zFwIzwIi7Eal" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt"> General and administrative expenses</td><td style="width: 5%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,169,384</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 5%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,307,167</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 5%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,671,700</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_zY8zFtJh5cib" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; text-indent: -10pt; padding-left: 10pt">Other income (expenses):</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--InterestIncomeExpenseNet_i01_zRlIPnqybtRg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> (Interest expense)/interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(169,366</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(175,386</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--FinanceLeaseInterestExpense_i01N_di_zaALGE3uABkf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt"> Other finance expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(10,442</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(18,442</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,762</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--EquityIncomeOfSubsidiariesAndViesFromContinueOperation_i01_zIKKN1ieQm9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> Equity income of subsidiaries and VIEs from continue operation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,199,373</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,548,859</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,747,395</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--EquityIncomeOfSubsidiariesAndViesFromDiscontinuedOperation_i01_zXtQRdesASG4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> Equity income of subsidiaries and VIEs from discontinued operation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,493,945</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">233,153</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2409">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 11pt; text-indent: -10pt; padding-left: 10pt"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetInvestmentIncome_z2iecnhkc4k9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">NET INCOME</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,054,620</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,281,017</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,073,954</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">FOREIGN CURRENCY</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt"> TRANSLATION ADJUSTMENT</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="FOREIGN CURRENCY TRANSLATION ADJUSTMENT">717,560</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="FOREIGN CURRENCY TRANSLATION ADJUSTMENT">3,220,363</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="FOREIGN CURRENCY TRANSLATION ADJUSTMENT">(521,738</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_zAZnB214xow9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">COMPREHENSIVE INCOME</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,337,060</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">11,501,380</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8,552,216</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--LessComprehensiveIncomeAttributableToNoncontrollingInterest_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Less: Comprehensive income attributable  to non-controlling interest</td> <td style="padding-bottom: 1pt; font-size: 11pt"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">(2,918,680</td> <td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">)</td> <td style="padding-bottom: 1pt; font-size: 11pt"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">  111,404</td> <td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"/> <td style="padding-bottom: 1pt; font-size: 11pt"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2427">—</span></td> <td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> Comprehensive income attributable to</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 20pt"> Blue Hat Interactive Entertainment Technology shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--ComprehensiveIncomeNetOfTax_pp0p0_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zlGVytT9f7mf" style="border-bottom: Black 2.5pt double; text-align: right" title="Comprehensive income attributable to Blue Hat Interactive Entertainment Technology shareholders">56,418,380</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--ComprehensiveIncomeNetOfTax_pp0p0_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zf1o0hXOEsHj" style="border-bottom: Black 2.5pt double; text-align: right" title="Comprehensive income attributable to Blue Hat Interactive Entertainment Technology shareholders">11,389,976</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--ComprehensiveIncomeNetOfTax_pp0p0_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zaI10GdvQODj" style="border-bottom: Black 2.5pt double; text-align: right" title="Comprehensive income attributable to Blue Hat Interactive Entertainment Technology shareholders">8,552,216</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_490_20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z81x2VUaH65k" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zdRTNbEn8dW8" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zZXDGsz12z0j" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2019</span></td></tr> <tr id="xdx_408_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zvceSDxc0s8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM OPERATING ACTIVITIES:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--NetIncomeLoss_i01_zyRHXLG1oXd7" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net income</span></td> <td style="width: 5%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(60,054,620</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,281,017</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,073,954</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_i01_z1mZmtVrjaHk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net income from discontinued operation</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,493,945</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">233,153</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2447">—</span></span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromContinuingOperations_i01_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font: 10.5pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net income from continuing operation</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(61,548,565</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,047,864</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font-size: 10pt">9,073,954</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_iB_zVnt83Qz3rX8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Adjustments to reconcile net income to cash used in operating activities:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td></tr> <tr id="xdx_406_ecustom--EquityIncomeOfSubsidiariesAndVies_i01N_di_z1EBrCTcrute" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Equity income of subsidiaries and VIEs</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">60,199,373</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right">(<span style="font: 10pt Times New Roman, Times, Serif">9,548,859</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(10,747,395</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_i01B_zlyvFe01CPq9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Changes in operating assets and liabilities:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease_i02_zvGsOAucH576" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation of property and equipment</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">205,398</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">179,740</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2467">—</span><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOtherReceivables_i02_zNrg37vlHKCl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other receivables</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">395,600</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2470">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(600,000</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_400_eus-gaap--IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities_i02_zeEHOiOxuYog" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables and accrued liabilities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,869,181</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">925,409</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,570,183</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--NetCashProvidedByUsedInOperatingActivities_i01_znLGSp0anfa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net cash used in operating activities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,120,987</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(395,846</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(703,258</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInInvestingActivitiesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM INVESTING</span> <span style="font: 10pt Times New Roman, Times, Serif">ACTIVITIES:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr id="xdx_404_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_i01N_di_zz0cxC1hkz5b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Purchases of property and equipment</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2485">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,159,910</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,162,449</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_eus-gaap--PaymentsToAcquireInterestInSubsidiariesAndAffiliates_i01N_di_z1hI968RiGf1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Investment in subsidiary</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(14,923,600</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(7,660,000</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2491">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--NetCashProvidedByUsedInInvestingActivities_i01_zd2Yv5bvHa8i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net cash used in investing activities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(14,923,600</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(9,819,910</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,162,449</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_i01B" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM FINANCING</span> <span style="font: 10pt Times New Roman, Times, Serif">ACTIVITIES:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr id="xdx_40D_ecustom--ProceedsFromIssueOfNewShares_i02_zcXLFedwXEQ7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from issue of new shares</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2501">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,110,845</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2503">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--ProceedsFromIssuanceOfSecuredDebt_i02_zvF0HbHEoBV3" style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from secured convertible</span> <span style="font: 10pt Times New Roman, Times, Serif">promissory note Bonds</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2505">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"/><span style="font: 10pt Times New Roman, Times, Serif">739,189</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2507">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_ecustom--UnderwritersPartialExerciseOfOverallotmentOptionNetOfIssuanceCosts_i02N_di_zrEXFIcxWK83" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Underwriter’s partial exercise of over-allotment option, net of issuance costs</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,830,780</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">    <span style="-sec-ix-hidden: xdx2ixbrl2510">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">524,944</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td></tr> <tr id="xdx_400_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_i02_zj9m0kDUVLMd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from initial public offering, net of issuance costs</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">  <span style="-sec-ix-hidden: xdx2ixbrl2513">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">  <span style="-sec-ix-hidden: xdx2ixbrl2514">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,417,077</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td></tr> <tr id="xdx_400_eus-gaap--ProceedsFromRepaymentsOfNotesPayable_i02_zQMMiLO8L9Sh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables   related party</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,880</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,039</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">269</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--ProceedsFromShortTermDebt_i02_zcL9HHACIPza" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from short-term loans</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2521">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,998,994</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2523">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--RepaymentsOfShortTermDebt_i02N_di_z4LIteRpvkNh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Repayment of short-term loans</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,998,994</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2526">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2527">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--RepaymentsOfConvertibleDebt_i02N_di_z7L48Rad0JXe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Repayment of convertible payables</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(739,189</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2530">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2531">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInFinancingActivities_i01_zk3nK8V5o0G6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net cash used in investing activities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-size: 10pt">9,098,477</span><span style="font: 10pt Times New Roman, Times, Serif"/></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,852,067</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,942,290</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01_zZt8r27vvcQ" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">EFFECT OF EXCHANGE RATE ON CASH</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2537">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2538">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2539">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_407_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">NET CHANGES IN CASH AND CASH</span> <span style="font: 10pt Times New Roman, Times, Serif">EQUIVALENTS</span></td> <td/> <td style="text-align: left"/> <td style="text-align: right">(<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">704,136</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4,363,689</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td> <td/> <td style="text-align: left"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,076,583</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></td> </tr> <tr id="xdx_406_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iS_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH AND CASH EQUIVALENTS,</span> <span style="font: 10pt Times New Roman, Times, Serif">Beginning of year</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">712,894</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">5,076,583</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2547">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr id="xdx_408_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iE_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH AND CASH EQUIVALENTS,</span> <span style="font: 10pt Times New Roman, Times, Serif">end of year</span></td> <td style="padding-bottom: 2.5pt"/> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,758</span></td> <td style="padding-bottom: 2.5pt; text-align: left"/> <td style="padding-bottom: 2.5pt"/> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">712,894</span></td> <td style="padding-bottom: 2.5pt; text-align: left"/> <td style="padding-bottom: 2.5pt"/> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">5,076,583</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--SupplementalCashFlowInformationAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">SUPPLEMENTAL CASH FLOW</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">INFORMATION:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--Cash_iS_pp0p0_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zdiIkkzYoDb" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Cash and cash equivalents"><span style="font: 10pt Times New Roman, Times, Serif">8,758</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--Cash_iS_pp0p0_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z5PG3ztQybM8" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Cash and cash equivalents"><span style="font: 10pt Times New Roman, Times, Serif">712,894</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--Cash_iS_pp0p0_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z6fSgCexqF0a" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Cash and cash equivalents"><span style="font: 10pt Times New Roman, Times, Serif">76,583</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_eus-gaap--RestrictedCash_iE_pdp0_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zlazpf6yJrph" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Restricted cash"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2563">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--RestrictedCash_iE_pp0p0_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zT2JsXrDQX82" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Restricted cash"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2565">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_eus-gaap--RestrictedCash_iE_pdp0_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z6jxJG3MboV3" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Restricted cash"><span style="font: 10pt Times New Roman, Times, Serif">5,000,000</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iE_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; padding-left: 0pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH AND CASH EQUIVALENTS,</span> <span style="font: 10pt Times New Roman, Times, Serif">end of year</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">8,758</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></td> <td style="padding-bottom: 1pt"/> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">712,894</span></td> <td style="padding-bottom: 1pt; text-align: left"/> <td style="padding-bottom: 1pt"/> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">5,076,583</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfCondensedFinancialInformationOfParentCompanyTableTextBlock_zfmCYc6OeRW2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Condensed financial information of the parent company (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span id="xdx_8BA_zwxMyxfBKB7h" style="display: none">Schedule of condensed financial information of the parent company</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zMUO2idKeRMf" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zt77Ur80CLQk" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  <br/>  </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> December 31,<br/> 2021</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <br/>  </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> December 31,<br/> 2020</span></td></tr> <tr id="xdx_40C_eus-gaap--AssetsAbstract_iB_zIC55KCX8Kyk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASSETS</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--AssetsCurrentAbstract_i01B_zATM0gJXoYJ5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current assets:</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--CashAndCashEquivalentsAtCarryingValue_i02I_zyIwDPkDZzHk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; width: 57%; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Cash and cash equivalents</span></td> <td style="width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="width: 12%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,758</span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="width: 12%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">712,894</span></td></tr> <tr id="xdx_40B_eus-gaap--OtherReceivablesNetCurrent_i02I_zmaO7Eya8Pn9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Other receivables, net</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">204,400</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">600,000</span></td></tr> <tr id="xdx_405_eus-gaap--AssetsCurrent_i02I_zkV4rMFz7JX" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total current assets</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">213,158</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,312,894</span></td></tr> <tr id="xdx_40F_eus-gaap--AssetsNoncurrentAbstract_i01B_z5BlkuvUoLgg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-current assets:</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentNet_i02I_zZ1kH1yXjkS6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Property, plant and equipment, net</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,937,222</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,142,620</span></td></tr> <tr id="xdx_406_eus-gaap--Investments_i02I_zpY6uEX3XuT7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Investment in subsidiaries</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,873,789</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">59,731,280</span></td></tr> <tr id="xdx_40E_eus-gaap--AssetsNoncurrent_i02I_zvhNdgPkLizf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total non-current assets</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,811,011</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">63,873,900</span></td></tr> <tr id="xdx_407_eus-gaap--Assets_i02I_zVzCmLPvtWUi" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total assets</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,024,169</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">65,186,794</span></td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zalG981MLSC8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">LIABILITIES AND SHAREHOLDERS' EQUITY</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_408_eus-gaap--LiabilitiesAbstract_i01B_zoiOLtWxrasg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">LIABILITIES</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_i02I_zD8klZeVaJme" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other payables and accrued liabilities</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,364,775</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,495,595</span></td></tr> <tr id="xdx_404_ecustom--OtherPayablesRelatedParty_i02I_z32QhNDfkm1d" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Other payables - related party</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,188</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,308</span></td></tr> <tr id="xdx_40A_eus-gaap--ShortTermBorrowings_i02I_z2qxL1Hn1gGa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Short-term loans</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2334">—</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,493,239</span></td></tr> <tr id="xdx_403_eus-gaap--ConvertibleDebtCurrent_i02I_zLpPRwgKvgri" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Convertible bonds payable</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2337">—</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">739,189</span></td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesCurrent_i02I_zyABAjnGvJ8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Total current liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,373,963</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,731,331</span></td></tr> <tr id="xdx_408_eus-gaap--LiabilitiesNoncurrent_i02I_zEbYZR7MEbA6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-current liabilities</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2343">—</span></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">505,755</span></td></tr> <tr id="xdx_404_eus-gaap--Liabilities_i02I_zZHHyeV4OFee" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total liabilities</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,373,963</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,237,086</span></td></tr> <tr id="xdx_40B_eus-gaap--CommitmentsAndContingencies_i01I_zFeVDEn0kmlg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">COMMITMENTS AND CONTINGENCIES</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_400_eus-gaap--StockholdersEquityAbstract_i01B_zV0dWV4Fddp3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SHAREHOLDERS' EQUITY</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--CommonStockValue_i02I_zAfiQv46jbR8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ordinary shares, $0.001 par value, 100,000,000 shares authorized, 53,823,831, 38,553,694 shares issued and outstanding as of December 31, 2021, 2020 and 2020 respectively</span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">53,824</span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">       </span></td> <td style="font-size: 11pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,554</span></td></tr> <tr id="xdx_406_eus-gaap--AdditionalPaidInCapital_i02I_zvioHxfepfr2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Additional paid-in capital</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">36,281,992</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">23,466,482</span></td></tr> <tr id="xdx_40C_ecustom--StatutoryReserve_i02I_zsV2Lt8551s1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Statutory reserves</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,143,252</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,204,174</span></td></tr> <tr id="xdx_405_eus-gaap--RetainedEarningsAccumulatedDeficit_i02I_z1aUNI93zEdj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Retained earnings</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(25,748,542</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">31,387,398</span></td></tr> <tr id="xdx_40D_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_i02I_zmWUqSPIPMXh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 20pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Accumulated other comprehensive losses</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,459,256</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,741,696</span></td></tr> <tr id="xdx_40B_eus-gaap--StockholdersEquity_i02I_z0BDOS9IgUZk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Blue Hat Interactive Entertainment Technology shareholders’ equity</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,189,782</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,838,304</span></td></tr> <tr id="xdx_409_eus-gaap--MinorityInterest_i02I_z46rMsHWXIIi" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 1pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-controlling interest</span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,460,424</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">111,404</span></td></tr> <tr id="xdx_40C_eus-gaap--StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_i02I_zhAoKiY8lOE5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total equity</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,650,206</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,949,708</span></td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesAndStockholdersEquity_i02I_zHpQehbHcUb9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 2.5pt 10pt; text-align: left; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total liabilities and shareholders' equity</span></td> <td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,024,169</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">65,186,794</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PARENT COMPANY STATEMENTS OF INCOME AND COMPREHENSIVE INCOME </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 11pt; text-indent: -10pt; padding-left: 10pt"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td id="xdx_49D_20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zPUxF1Q4kQm3" style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td id="xdx_490_20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zgVkgJeVvq7h" style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td id="xdx_49E_20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zmU3vPwDWkp6" style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="9" style="text-align: center"> </td><td style="font-size: 11pt"> </td> <td colspan="3" style="font-size: 11pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 11pt; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Year ended<br/> December 31,</td><td> </td> <td colspan="3" style="text-align: center">Year ended<br/> December 31,</td><td> </td> <td colspan="3" style="text-align: center">Year ended<br/> December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 11pt; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2021</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2020</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">2019</td></tr> <tr id="xdx_40D_eus-gaap--OperatingExpensesAbstract_iB_z5d0WrzX6Uw8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; text-indent: -10pt; padding-left: 10pt">Operating expenses:</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--GeneralAndAdministrativeExpense_i01N_di_zFwIzwIi7Eal" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt"> General and administrative expenses</td><td style="width: 5%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,169,384</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 5%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,307,167</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 5%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 11%; text-align: right">(1,671,700</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--NonoperatingIncomeExpenseAbstract_iB_zY8zFtJh5cib" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; text-indent: -10pt; padding-left: 10pt">Other income (expenses):</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--InterestIncomeExpenseNet_i01_zRlIPnqybtRg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> (Interest expense)/interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(169,366</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(175,386</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--FinanceLeaseInterestExpense_i01N_di_zaALGE3uABkf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt"> Other finance expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(10,442</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(18,442</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,762</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--EquityIncomeOfSubsidiariesAndViesFromContinueOperation_i01_zIKKN1ieQm9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> Equity income of subsidiaries and VIEs from continue operation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,199,373</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,548,859</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,747,395</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--EquityIncomeOfSubsidiariesAndViesFromDiscontinuedOperation_i01_zXtQRdesASG4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> Equity income of subsidiaries and VIEs from discontinued operation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,493,945</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">233,153</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2409">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 11pt; text-indent: -10pt; padding-left: 10pt"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--NetInvestmentIncome_z2iecnhkc4k9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">NET INCOME</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(60,054,620</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,281,017</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,073,954</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">FOREIGN CURRENCY</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 20pt"> TRANSLATION ADJUSTMENT</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="FOREIGN CURRENCY TRANSLATION ADJUSTMENT">717,560</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="FOREIGN CURRENCY TRANSLATION ADJUSTMENT">3,220,363</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="FOREIGN CURRENCY TRANSLATION ADJUSTMENT">(521,738</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_zAZnB214xow9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt">COMPREHENSIVE INCOME</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(59,337,060</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">11,501,380</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8,552,216</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--LessComprehensiveIncomeAttributableToNoncontrollingInterest_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Less: Comprehensive income attributable  to non-controlling interest</td> <td style="padding-bottom: 1pt; font-size: 11pt"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">(2,918,680</td> <td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">)</td> <td style="padding-bottom: 1pt; font-size: 11pt"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">  111,404</td> <td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"/> <td style="padding-bottom: 1pt; font-size: 11pt"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"/> <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2427">—</span></td> <td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt"> Comprehensive income attributable to</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 20pt"> Blue Hat Interactive Entertainment Technology shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--ComprehensiveIncomeNetOfTax_pp0p0_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zlGVytT9f7mf" style="border-bottom: Black 2.5pt double; text-align: right" title="Comprehensive income attributable to Blue Hat Interactive Entertainment Technology shareholders">56,418,380</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_989_eus-gaap--ComprehensiveIncomeNetOfTax_pp0p0_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zf1o0hXOEsHj" style="border-bottom: Black 2.5pt double; text-align: right" title="Comprehensive income attributable to Blue Hat Interactive Entertainment Technology shareholders">11,389,976</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--ComprehensiveIncomeNetOfTax_pp0p0_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zaI10GdvQODj" style="border-bottom: Black 2.5pt double; text-align: right" title="Comprehensive income attributable to Blue Hat Interactive Entertainment Technology shareholders">8,552,216</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_490_20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z81x2VUaH65k" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zdRTNbEn8dW8" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zZXDGsz12z0j" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Year ended</span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">December 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2020</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">2019</span></td></tr> <tr id="xdx_408_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesAbstract_iB_zvceSDxc0s8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM OPERATING ACTIVITIES:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--NetIncomeLoss_i01_zyRHXLG1oXd7" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net income</span></td> <td style="width: 5%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(60,054,620</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 5%"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,281,017</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 5%; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,073,954</span></td> <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_i01_z1mZmtVrjaHk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net income from discontinued operation</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,493,945</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">233,153</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2447">—</span></span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromContinuingOperations_i01_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font: 10.5pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net income from continuing operation</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(61,548,565</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,047,864</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: right"><span style="font-size: 10pt">9,073,954</span></td> <td style="font: 10.5pt Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_iB_zVnt83Qz3rX8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Adjustments to reconcile net income to cash used in operating activities:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td></tr> <tr id="xdx_406_ecustom--EquityIncomeOfSubsidiariesAndVies_i01N_di_z1EBrCTcrute" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Equity income of subsidiaries and VIEs</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">60,199,373</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right">(<span style="font: 10pt Times New Roman, Times, Serif">9,548,859</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(10,747,395</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOperatingCapitalAbstract_i01B_zlyvFe01CPq9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Changes in operating assets and liabilities:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease_i02_zvGsOAucH576" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation of property and equipment</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">205,398</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">179,740</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2467">—</span><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--IncreaseDecreaseInOtherReceivables_i02_zNrg37vlHKCl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other receivables</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">395,600</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2470">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(600,000</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_400_eus-gaap--IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities_i02_zeEHOiOxuYog" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables and accrued liabilities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,869,181</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">925,409</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,570,183</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--NetCashProvidedByUsedInOperatingActivities_i01_znLGSp0anfa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net cash used in operating activities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,120,987</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(395,846</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(703,258</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInInvestingActivitiesAbstract_iB" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM INVESTING</span> <span style="font: 10pt Times New Roman, Times, Serif">ACTIVITIES:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr id="xdx_404_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_i01N_di_zz0cxC1hkz5b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Purchases of property and equipment</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2485">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,159,910</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,162,449</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_eus-gaap--PaymentsToAcquireInterestInSubsidiariesAndAffiliates_i01N_di_z1hI968RiGf1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Investment in subsidiary</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(14,923,600</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(7,660,000</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2491">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--NetCashProvidedByUsedInInvestingActivities_i01_zd2Yv5bvHa8i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net cash used in investing activities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(14,923,600</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(9,819,910</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,162,449</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInFinancingActivitiesAbstract_i01B" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM FINANCING</span> <span style="font: 10pt Times New Roman, Times, Serif">ACTIVITIES:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr id="xdx_40D_ecustom--ProceedsFromIssueOfNewShares_i02_zcXLFedwXEQ7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from issue of new shares</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2501">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,110,845</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2503">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--ProceedsFromIssuanceOfSecuredDebt_i02_zvF0HbHEoBV3" style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from secured convertible</span> <span style="font: 10pt Times New Roman, Times, Serif">promissory note Bonds</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2505">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"/><span style="font: 10pt Times New Roman, Times, Serif">739,189</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2507">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_ecustom--UnderwritersPartialExerciseOfOverallotmentOptionNetOfIssuanceCosts_i02N_di_zrEXFIcxWK83" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">Underwriter’s partial exercise of over-allotment option, net of issuance costs</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,830,780</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">    <span style="-sec-ix-hidden: xdx2ixbrl2510">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">524,944</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">     </span></td></tr> <tr id="xdx_400_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_i02_zj9m0kDUVLMd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from initial public offering, net of issuance costs</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">  <span style="-sec-ix-hidden: xdx2ixbrl2513">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">  <span style="-sec-ix-hidden: xdx2ixbrl2514">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,417,077</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">   </span></td></tr> <tr id="xdx_400_eus-gaap--ProceedsFromRepaymentsOfNotesPayable_i02_zQMMiLO8L9Sh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Other payables   related party</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,880</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,039</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">269</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_eus-gaap--ProceedsFromShortTermDebt_i02_zcL9HHACIPza" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Proceeds from short-term loans</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2521">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,998,994</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2523">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--RepaymentsOfShortTermDebt_i02N_di_z4LIteRpvkNh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Repayment of short-term loans</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,998,994</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2526">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2527">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--RepaymentsOfConvertibleDebt_i02N_di_z7L48Rad0JXe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Repayment of convertible payables</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(739,189</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">)</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2530">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2531">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInFinancingActivities_i01_zk3nK8V5o0G6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Net cash used in investing activities</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font-size: 10pt">9,098,477</span><span style="font: 10pt Times New Roman, Times, Serif"/></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,852,067</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,942,290</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_i01_zZt8r27vvcQ" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">EFFECT OF EXCHANGE RATE ON CASH</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2537">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2538">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2539">—</span></span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_407_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_i_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">NET CHANGES IN CASH AND CASH</span> <span style="font: 10pt Times New Roman, Times, Serif">EQUIVALENTS</span></td> <td/> <td style="text-align: left"/> <td style="text-align: right">(<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">704,136</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4,363,689</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td> <td/> <td style="text-align: left"/> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,076,583</span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></td> </tr> <tr id="xdx_406_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iS_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH AND CASH EQUIVALENTS,</span> <span style="font: 10pt Times New Roman, Times, Serif">Beginning of year</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">712,894</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">5,076,583</span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2547">—</span></span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr id="xdx_408_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iE_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH AND CASH EQUIVALENTS,</span> <span style="font: 10pt Times New Roman, Times, Serif">end of year</span></td> <td style="padding-bottom: 2.5pt"/> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,758</span></td> <td style="padding-bottom: 2.5pt; text-align: left"/> <td style="padding-bottom: 2.5pt"/> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">712,894</span></td> <td style="padding-bottom: 2.5pt; text-align: left"/> <td style="padding-bottom: 2.5pt"/> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">5,076,583</span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_403_eus-gaap--SupplementalCashFlowInformationAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">SUPPLEMENTAL CASH FLOW</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif">INFORMATION:</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--Cash_iS_pp0p0_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zdiIkkzYoDb" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Cash and cash equivalents"><span style="font: 10pt Times New Roman, Times, Serif">8,758</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--Cash_iS_pp0p0_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z5PG3ztQybM8" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Cash and cash equivalents"><span style="font: 10pt Times New Roman, Times, Serif">712,894</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--Cash_iS_pp0p0_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z6fSgCexqF0a" style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right" title="Cash and cash equivalents"><span style="font: 10pt Times New Roman, Times, Serif">76,583</span></td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_982_eus-gaap--RestrictedCash_iE_pdp0_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zlazpf6yJrph" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Restricted cash"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2563">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_983_eus-gaap--RestrictedCash_iE_pp0p0_c20200101__20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zT2JsXrDQX82" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Restricted cash"><span style="font: 10pt Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl2565">—</span></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td id="xdx_98C_eus-gaap--RestrictedCash_iE_pdp0_c20190101__20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_z6jxJG3MboV3" style="font-family: Times New Roman, Times, Serif; text-align: right" title="Restricted cash"><span style="font: 10pt Times New Roman, Times, Serif">5,000,000</span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iE_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; padding-left: 0pt; font-family: Times New Roman, Times, Serif; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">CASH AND CASH EQUIVALENTS,</span> <span style="font: 10pt Times New Roman, Times, Serif">end of year</span></td> <td style="padding-bottom: 1pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">8,758</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></td> <td style="padding-bottom: 1pt"/> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">712,894</span></td> <td style="padding-bottom: 1pt; text-align: left"/> <td style="padding-bottom: 1pt"/> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif">5,076,583</span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"> </span> <span style="font: 10pt Times New Roman, Times, Serif"> </span></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify"/> 8758 712894 204400 600000 213158 1312894 3937222 4142620 21873789 59731280 25811011 63873900 26024169 65186794 8364775 2495595 9188 3308 2493239 739189 8373963 5731331 505755 8373963 6237086 53824 38554 36281992 23466482 2143252 2204174 -25748542 31387398 2459256 1741696 15189782 58838304 2460424 111404 17650206 58949708 26024169 65186794 1169384 1307167 1671700 -169366 -175386 21 10442 18442 1762 -60199373 9548859 10747395 1493945 233153 -60054620 8281017 9073954 717560 3220363 -521738 -59337060 11501380 8552216 -2918680 111404 56418380 11389976 8552216 -60054620 8281017 9073954 1493945 233153 -61548565 8047864 9073954 -60199373 -9548859 10747395 205398 179740 395600 -600000 5869181 925409 1570183 5120987 -395846 -703258 2159910 2162449 14923600 7660000 -14923600 -9819910 -2162449 2110845 739189 -12830780 -524944 7417077 5880 3039 269 2998994 2998994 739189 9098477 5852067 7942290 704136 -4363689 5076583 712894 5076583 8758 712894 5076583 8758 712894 76583 5000000 8758 712894 5076583 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.