XML 57 R50.htm IDEA: XBRL DOCUMENT v3.23.4
Related Party Balance and Transactions (Tables)
6 Months Ended
Jun. 30, 2023
Related Party Balance and Transactions [Abstract]  
Schedule of Amounts Due from Related Parties As of June 30, 2023 and December 31, 2022, the balances of amounts due from related parties were as follows:
      As of
June 30,
2023
   As of
December 31,
2022
 
Due from related parties           
Bally     $5,168   $5,168 
Mr. Xuanming Wang      19,307    20,102 
Mr. Wenwu Zhang  (1)   324,080    337,420 
Mr. Shousheng Guo      50,276    
-
 
Shidong (Suzhou) Investment Co., Ltd.      38,614    37,332 
Others      1,113    
-
 
Total     $438,558   $400,022 
(1)The balance as of June 30, 2023 and December 31, 2022 represented the prepaid acquisition consideration to purchase Mr. Wenwu Zhang’s equity in Haicheng Shenhe.
Schedule of Amounts Due to Related Parties As of June 30, 2023 and December 31, 2022, the balances of amounts due to related parties were as follows:
      As of
June 30,
2023
   As of
December 31,
2022
 
Due to related parties           
Mr. Haiping Hu      2,758    2,872 
Mr. Chenming Qi      8,826    9,189 
Ms. Jing Ji      19,135    19,923 
Shanghai HuiYang Investment Co.  (1)   728,290    738,128 
Haicheng Shenhe      
-
    50,395 
Zhuhai Investment  (2)   2,026,071    64,643 
Total     $2,785,080   $885,150 
(1) The balance as of June 30, 2023 and December 31, 2022 represented the loans from the related party, with the annual interest rate of 4.35% and was initially due on August 13, 2022 and extended to December 31, 2023.
   
(2) The balance as of June 30, 2023 represented the loans from the Zhuhai Investment, with the annual interest rate of 8% and was initially due on December 31, 2023.

 

Schedule of Deferred Revenue-Related Parties As of June 30, 2023 and December 31, 2022, the balances of deferred revenue - related parties were as follows:
      As of
June 30,
2023
   As of
December 31,
2022
 
Deferred revenue - related parties           
Shanghai Hui Yang Investment Co.  (1)   333,733    347,471 
Total     $333,733   $347,471 
(1)The balance as of June 30, 2023 and December 31, 2022 represented the advance from the related party for tailored services.