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SCHEDULE OF BANK LOANS (Details) - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Short-term bank loans $ 47,054
Loan from Shenzhen Qianhai Weizhong Bank [1] 414,072
Long-term bank loan 461,126
Bank Of Jiangsu [Member]    
Short-term bank loans [2] $ 47,054
[1] On September 16, 2021, Wunong Shenzhen entered into a loan agreement with Shenzhen Qianhai Weizhong Bank to borrow $414,072 as working capital for two years, with maturity date of September 16, 2023. The loan bears a fixed interest rate of 8.46% per annum. The loan is guaranteed by Mr.Changbin Xia, for whom the chief executive officer of Wunong Shenzhen.
[2] On July 7, 2021, Wunong Shenzhen entered into a loan agreement with Bank of Jiangsu to borrow $47,054 as working capital for one year, with maturity date of July 7, 2022. The loan bears a fixed interest rate of 7.1775% per annum.