SHORT-TERM AND LONG-TERM DEBT

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

SHORT-TERM AND LONG-TERM DEBT

NOTE 3 SHORT-TERM AND LONG-TERM DEBT

The short-term debt balances were as follows:

	September 30, 2023 (Unaudited)		December 31, 2022
Loan Agreement with Shanghai Bank at 3.06% interest rate per annum due August 2023 and January 2024.		124,108
Loan agreement with HuaNam Bank at 3.43% interest rate per annum due November 2023.		52,777
Loan agreement with Shanghai Bank at 2.94% interest rate per annum due September 2022. Repaid January and March 2023		-		398,409
Balance at end of period	$	176,885	$	398,409

Long-term debt balances were as follows:

	September 30, 2023 (Unaudited)		December 31, 2022
Loans from Shanghai Bank with interest rates 1.50% - 2.97% per annum due February 2024 – November 2026		-		256,184
Current Portion of Long-term debt		-		(65,408	)
Balance at end of period	$	-	$	190,776