SHORT-TERM LOANS	3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]
SHORT-TERM LOANS	NOTE 6. SHORT-TERM LOANS As of March 31, 2022 and December 31, 2021, the Company recorded an aggregated amount of $1,054,385 and $2,973,211 of short-term loans, respectively. Those loans were borrowed from a shareholder and an unrelated individual. Except for loan of $128,205 from an unrelated individual that are unsecured, bearing yearly interest of 1% and are repayable on demand, the remaining loans are unsecured, bear a monthly interest of 1.5% and are repayable on demand. However, according to the agreement, the Company shall have the option to shorten or extend the life of those short-term loans if the need arises and the Company has agreed with the lender to extend the short-term loans on the due date. On January 18, 2022, the Company issued convertible notes of US$2,500,000 which is for setting off against the short-term loans and interest payable. As of the date of this report, the balance of $1,054,385 have not yet been repaid. The interest expenses of the short-term loans for the three months ended March 31, 2022 and 2021 were $64,251 and $129,953, respectively.

SHORT-TERM LOANS

3 Months Ended

Mar. 31, 2022

NOTE 6. SHORT-TERM LOANS

As of March 31, 2022 and December 31, 2021, the Company recorded an aggregated amount of $1,054,385 and $2,973,211 of short-term loans, respectively. Those loans were borrowed from a shareholder and an unrelated individual. Except for loan of $128,205 from an unrelated individual that are unsecured, bearing yearly interest of 1% and are repayable on demand, the remaining loans are unsecured, bear a monthly interest of 1.5% and are repayable on demand. However, according to the agreement, the Company shall have the option to shorten or extend the life of those short-term loans if the need arises and the Company has agreed with the lender to extend the short-term loans on the due date. On January 18, 2022, the Company issued convertible notes of US$2,500,000 which is for setting off against the short-term loans and interest payable. As of the date of this report, the balance of $1,054,385 have not yet been repaid.

The interest expenses of the short-term loans for the three months ended March 31, 2022 and 2021 were $64,251 and $129,953, respectively.