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

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Weighted

    

Weighted

    

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Weighted

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Average

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Average

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Average

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Grant date

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Remaining

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Number of

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Exercise

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Fair

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Contractual

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Options

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Price

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Value

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Term

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US$ per

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US$ per

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option

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option

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Years

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(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

 

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—

 

—

 

—

 

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Schedule of assumptions used to value options granted

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For the nine months ended

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September 30,

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2022

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2021

Risk-free interest rate

 

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2.49~2.92

%  

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Expected volatility range

 

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40.30~45.67

%  

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Fair market value per ordinary share as at grant dates

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$

2.26~3.07

 

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Schedule of share-based compensation expense

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For the nine months ended

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September 30,

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2022

    

2021

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US$

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US$

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(Unaudited)

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(Unaudited)

Selling and marketing expenses

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77,447

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—

General and administrative expenses

 

183,205

 

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Total share-based compensation expenses

 

260,652

 

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