BANK AND OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES

The balance of the loans borrowed as of June 30, 2023 and December 31, 2022 were as follows:

	June 30, 2023		December 31, 2022
Loans from a trust in PRC	$	38,810	$	60,049
China Construction Bank		336,585		276,447
WeBank		81,488		77,220
Guangdong Nanyue Bank		44,207		67,375
Bank of Ningbo		28,499		-
Aggregate outstanding principal balances		529,589		481,091
Less: current portion		483,233		422,653
Non-current portion	$	46,356	$	58,438

SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS

Future minimum loan payments as of June 30, 2023 are as follows:

Year ending December 31,
2023 (remaining)	$	210,155
2024		293,951
2025		12,826
2026		5,425
2027		5,425
Thereafter		1,807
Total	$	529,589