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Condensed financial information of the parent company (Tables)
12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule of parent company balance sheet
   December 31,
2022
   December 31,
2021
 
ASSETS        
Cash and cash equivalents  $4,110,216   $3,758,618 
Due from subsidiaries   9,423,617    7,785,162 
Investment in subsidiaries, VIE and VIE’s subsidiaries   16,906,213    21,022,642 
Total Assets  $30,440,046   $32,566,422 
           
LIABILITIES AND EQUITY          
Total Liabilities  $
-
   $
-
 
           
Commitments and Contingencies   
 
    
 
 
           
Shareholders’ Equity          
Class A Ordinary Share (par value $0.0001 per share, 450,000,000 shares authorized; 20,531,423 and 19,453,423 shares issued and outstanding at December 31, 2022 and 2021, respectively)   2,054    1,946 
Class B Ordinary Share (par value $0.0001 per share, 50,000,000 shares authorized; 5,497,715 and 5,497,715 shares issued and outstanding at December 31, 2022 and 2021, respectively)   550    550 
Additional paid-in capital   24,998,388    22,986,975 
Retained earnings   5,439,054    8,379,945 
Accumulated comprehensive income   
-
    1,197,006 
Total Shareholders’ Equity   30,440,046    32,566,422 
Total Liabilities and Shareholders’ Equity  $30,440,046   $32,566,422 

 

Schedule of parent company statements of operations and comprehensive (loss) Income
   For the Years Ended
December 31,
 
   2022   2021   2020 
Equity in (loss) gain of subsidiaries  $(2,919,423)  $266,775   $4,470,613 
General and administrative expenses   (23,193)   (32,273)   (12,233)
Interest income   1,725    4,163    
-
 
Net (Loss) Income  $(2,940,891)   238,665    4,458,380 

 

Schedule of parent company statements of cash flows
   For the Years Ended
December 31,
 
   2022   2021   2020 
Cash Flows from Operating Activities:            
Net Cash Provided by (Used in) Operating Activities  $139,309  $3,737   $(700,873)
                
Cash Flows from Investing Activities:               
Loans repaid from (made to) VIE and its subsidiaries   (1,638,455)   (3,400,000)   (3,690,000)
Net Cash Used in Investing Activities   (1,638,455)   (3,400,000)   (3,690,000)
                
Cash Flows from Financing Activities:               
Proceeds from issuance of common stocks in connection with initial public offering, net off issuance cost   
-
    
-
    11,497,654 
Proceeds from issuance of common stocks in connection with direct offering, net off issuance cost   1,850,744    
-
    
-
 
Net Cash Provided by Financing Activities   1,850,744    
-
    11,497,654 
                
Net increase (decrease) in cash and cash equivalents   351,598    (3,396,263)   7,106,781 
Cash and cash equivalents at beginning of year   3,758,618    7,154,881    48,100 
Cash and cash equivalents at end of year  $4,110,216   $3,758,618   $7,154,881