Long-Term Loan

12 Months Ended

Dec. 31, 2023

Long-Term Loan [Abstract]

Long-term Loan

NOTE 13 - Long-term Loan

The Company has a car loan credit line of NT$1,500,000 (approximately US$48,988 as of December 31, 2023 and US$48,812 as of December 31, 2022), which matures on May 21, 2024, from a Taiwan financing company with annual interest rate of 9.7%. The installment payment plan is 60 months to pay off the balance on the 21^st of each month. Future installment payments as of December 31, 2023 are as follows: 

Year ending December 31,
2024	$	5,168
2025		-
Total installment payments		5,168
Less: Imputed interest		(123	)
Present value of long-term loan		5,045
Current portion		(5,045	)
Non-current portion	$	-

Interest expense was $1,074 and $3,338 for the years ended December 31, 2023 and 2022, respectively.