Subsequent Event

12 Months Ended

Dec. 31, 2020

Subsequent Event

Note 15 - Subsequent Event

On January 8, 2021, ITHC borrows $73,000 (the “Principal Amount”) from YU CHAO, a holder of 18,056 shares of the Company’s common stock (the “Repurchase Shares”); ITHC has agreed to repurchase the Repurchase Shares from YU CHAO at $4.50 per share, on 24th September 2021. The Principal Amount shall bear interest at the rate of 12% per annum, and shall become due and payable on September 24th 2021.

On January 14, 2021, ITHC borrows $1,000 (the “Principal Amount”) from MA WENKAI, a holder of 6,666 shares of the Company’s common stock (the “Repurchase Shares”); ITHC has agreed to repurchase the Repurchase Shares from MA WENKAI at $4.50 per share, on 1st October 2021. The Principal Amount shall bear interest at the rate of 12% per annum, and shall become due and payable on September 24th 2021.

On January 21, 2021, ITHC borrows $101,000 (the "Principal Amount") from SHI BEI, a holder of 25,278 shares of the Company's common stock (the "Repurchase Shares"); ITHC has agreed to repurchase the Repurchase Shares from SHI BEI at $4.50 per share, on 1st October 2021. The Principal Amount shall bear interest at the rate of 12% per annum, and shall become due and payable on September 24th 2021.

In January 2021, the two separate convertible promissory notes issued by the Company to third parties at $30,000 bearing interest 12% per annum with a maturity date on March 22, 2021 were fully repaid with interest in advance.

In April 2021, the two separate convertible promissory notes issued by the Company to third parties at $81,000 bearing interest 12% per annum with a maturity date on April 18, 2021 have been extended to May 28, 2021 and July 18, 2021, respectively.