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Short-Term Borrowings (Tables)
6 Months Ended
Jun. 30, 2024
Short-Term Borrowings [Abstract]  
Schedule of Short-Term Borrowings Short-term borrowings from financial institutions consisted of the following on June 30, 2024:
Bank Name    Amount – RMB  Amount – USD   Issuance
Date
  Expiration
Date
  Interest 
Ningbo Bank     
-
  $240,000   2024.05.17  2024.11.13   6.00%
Ningbo Bank     5,000,000   688,022   2024.06.13  2025.06.13   2.80%
Minsheng Bank     1,000,000   137,605   2023.06.27  2025.01.03   3.50%
Total    RMB6,000,000  $1,065,627            

 

Short-term borrowings from financial institutions consisted of the following on December 31, 2023:
Bank Name  Amount – RMB   Amount – USD   Issuance
Date
  Expiration
Date
  Interest 
Minsheng Bank   500,000    70,424   2023.07.10  2024.07.10   4.00%