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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of share option activities

    

    

    

Weighted

    

Weighted

    

Weighted

Average

Average

Average

Grant date

Remaining

Number of

Exercise

Fair

Contractual

Options

Price

Value

Term

US$ per

US$ per

option

option

Years

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

Share options outstanding at December 31, 2021

 

 

 

 

 

Granted

 

380,745

 

2.54

 

1.19

 

10.00

 

Share options outstanding at September 30, 2022

 

380,745

 

2.54

 

1.19

 

9.60

 

Vested and exercisable at September 30, 2022

 

 

 

 

 

Schedule of assumptions used to value options granted

    

For the nine months ended

September 30,

2022

2021

Risk-free interest rate

 

2.49~2.92

%  

Expected volatility range

 

40.30~45.67

%  

Fair market value per ordinary share as at grant dates

$

2.26~3.07

 

Schedule of share-based compensation expense

For the nine months ended

September 30,

    

2022

    

2021

US$

US$

(Unaudited)

(Unaudited)

Selling and marketing expenses

77,447

General and administrative expenses

 

183,205

 

Total share-based compensation expenses

 

260,652