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Related Party Transactions and Balances (Tables)
12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
Schedule of relationships with related parties
Name   Relationship with the Company
Yang Weiguang   Chairman of the Board, Chief Executive Officer
Beijing Ougaini Trading Co., Ltd (“Beijing Ougaini”)   Controlled by an immediate family member of Mr. Yang Weiguang
Beijing Yisuizhen   The Company owned 47% and 100% equity interest before and after August 17, 2022, respectively

 

Schedule of relationships with related parties
   For the Years Ended
December 31,
 
   2022   2021   2020 
Beijing Ougaini  $19,696   $
    -
   $
     -
 

 

Schedule of the balances with related parties
   December 31,
2022
   December 31,
2021
 
Prepayments        
Beijing Ougaini  $115,989   $
-
 
           
Due from related parties          
Yang Weiguang (i)   226,178    
-
 
Beijing Yisuizhen (ii)   
-
    392,305 
   $226,178   $392,305 

 

(i)As of December 31, 2022, the Company had a balance of $226,178 due from Mr. Yang Weiguang. The balance was comprised of the following:

 

-A balance of $144,986 arising from transfer of 6.67% equity interest of Shanghai Zhongxin to four former shareholders of West Angel, who paid consideration to Mr. Yang. (Note 4)

 

-A balance of $81,192 as tuition paid on behalf of to Mr. Yang.

 

As of the date of this report, Mr. Yang has repaid the above outstanding balances to the Company.

 

(ii)As of December 31, 2021, the Company had a balance of $392,305 due from Beijing Yisuizhen, over which the Company owned 47% equity interest before August 17, 2022. The balance was a loan to the newly set up equity investee to support its working capital. The outstanding balance was repaid by Beijing Yisuizhen before business combination with the Company.