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SHORT-TERM INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
SHORT-TERM INVESTMENTS [Abstract]  
Short-term Investments
 
  
March 31,
2024
(Unaudited)
    
December 31,
2023
  
Available-for-sale investment (1)
  
$
4,180,713
    
$
4,227,947
  
Cross-currency swap (2)
    
14,404
      
8,641
  
Total
  
$
4,195,117
    
$
4,236,588
  


(1)
Available-for-sale investment represented wealth management products purchased from banks, for which the contractual maturity dates are more than three months and less than one year.

(2)
Cross-currency swap was bought by the Company to manage its exposures to movements in foreign exchange rates primarily related to the RMB.