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Related Party Balances and Transactions (Tables)
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Schedule of due from related parties
Related Party Name  Relationship  Nature  December 31,
2021
   December 31,
2020
 
MingZhu Logistics  Mr. Jinlong Yang’s family member as sole shareholder  Lending with no interests  $
-
   $346,986 
Mr. Jinlong Yang  Chairman and Chief Executive Officer  Advances for operational purpose   705,280    394,354 
         $705,280   $741,340 

 

Schedule of due to related parties
Related Party Name (EN)  Relationship  Nature  December 31,
2021
   December 31,
2020
 
Exquisite Elite Limited  Shareholder  Advances for payment of professional fee  $14,479   $802,672 
Mr. Zuojie Dai  Manager of MingZhu Pengcheng  Advances for operational purpose   81,375    116,153 
MingZhu Logistics  Mr. Jinlong Yang’s family member as sole shareholder  Lending with no interests   198,490    
-
 
Mr. Jingwei Zhang  Chief Financial Officer  Advances for operational purpose   
-
    75,021 
         $294,344   $993,846 

 

Schedule of collateral and guarantee made by related parties
Related Parties  Institution Name  Term  Aggregated
Principal
   Carrying
Amount
as of
December 31,
2021
 
Guarantee by Mr. Dongdong Wang and his Spouse  Hangzhou United Rural Commercial Bank Co.,Ltd.  From November 11, 2021 to November 5, 2022  $156,922   $156,922 
Guarantee by Mr. Dongdong Wang and his Spouse  Hangzhou United Rural Commercial Bank Co.,Ltd.  From September 23, 2021 to September 22, 2022   78,461    78,461 
Guarantee by Mr. Dongdong Wang and his Spouse  Hangzhou United Rural Commercial Bank Co.,Ltd.  From September 16, 2021 to September 15, 2022   78,461    78,461 
Guarantee by Mr. Dongdong Wang and his Spouse  Hangzhou United Rural Commercial Bank Co.,Ltd.  From July 14, 2021 to January 13, 2022   78,461    78,461 
Guarantee by Mr. Dongdong Wang and his Spouse  Hangzhou United Rural Commercial Bank Co.,Ltd.  From June 29, 2021 to January 13, 2022   784,609    784,609 
Guarantee by Mr. Dongdong Wang, Mr. Dongdong Wang’s Spouse and five employees  Zhejiang Tailong Commercial Bank Co.,Ltd  From November 11, 2021 to November 19, 2022   470,765    470,765 
Guarantee by Mr. Jinlong Yang and MingZhu Logistics.  Industrial Bank Co., Ltd.  From April 28, 2021 to May 7, 2022   470,765    376,612 
Pledge by properties owned by Mr. Jinlong Yang and properties owned by family members of Mr. Jinlong Yang  China Everbright Bank Co., Ltd.  From November 12, 2021 to November 20, 2022   2,353,827    2,259,674 
Guarantee by Mr. Jinlong Yang and MingZhu Logistics.  Bank of Communications Co., Ltd.  From April 29, 2021 to May 9, 2022   3,923,046    3,295,359 
Guarantee by Mr. Jinlong Yang and MingZhu Logistics.  WeBank Co., Ltd.  From August 26, 2021 to August 26, 2023  $470,765   $448,348 
         $8,866,082   $8,027,672 

 

Related Parties  Institution Name  Term  Aggregated
Principal
   Carrying
Amount
as of
December 31,
2020
 
Guarantee by Mr. Jinlong Yang and MingZhu Logistics.  The Industrial Bank Co., Ltd.  From April, 2020 to April, 2021  $398,467   $291,188 
Guarantee by Mr. Jinlong Yang and one of Mr. Jinlong Yang’s family member, pledge by Jinlong Yang and his private fixed deposits of RMB 1 million.  Zhujiang Rural Bank  From April, 2020 to April, 2021   459,770    390,805 
Guarantee by Mr. Jinlong Yang and MingZhu Logistics, pledge by a property owned by Mr. Jinlong Yang and two properties owned by Mr. Jinlong Yang’s family members  China Everbright Bank  From October, 2020 to October, 2021   2,298,851    2,114,943 
Guarantee by Mr. Jinlong Yang, one of Mr. Jinlong Yang’s family member and a third party  Bank of Communications  From November, 2020 to November, 2021   3,831,418    3,754,788 
         $6,988,506   $6,551,724