Land Use Rights, Net

6 Months Ended

Jun. 30, 2023

Land Use Rights, Net [Abstract]

LAND USE RIGHTS, NET

NOTE 10 – LAND USE RIGHTS, NET

Land use rights, stated at cost less accumulated amortization, consisted of the following:

	As of June 30, 2023			As of December 31, 2022
Land use rights - cost	$	9,801,487		$	10,204,968
Less: accumulated amortization		(223,341	)		(121,726	)
Land use rights, net	$	9,578,146		$	10,083,242

For the six months ended June 30, 2023 and 2022, amortization expense amounted to $111,389 and $nil, respectively. The following is a schedule of future amortization of land use rights as of June 30, 2023:

Year ending December 31,	Amount
2023	$	106,428
2024		212,855
2025		212,855
2026		212,855
2027 and thereafter		8,833,153
Total	$	9,578,146