Loan receivable (Details Narrative) |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021
USD ($)
|
Dec. 31, 2021
CNY (¥)
|
Oct. 02, 2021
USD ($)
|
Oct. 02, 2021
CNY (¥)
|
Sep. 02, 2021
USD ($)
|
Sep. 02, 2021
CNY (¥)
|
|
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] | |||||||
Loan payable | $ 2,228,465 | ¥ 14,200,000 | $ 661,813 | ¥ 4,200,000 | $ 1,575,746 | ¥ 10,000,000 | |
Accrued interest | $ 25,474 | ¥ 162,321 | |||||
Loan agreement description | the Company entered into a RMB 50,806,587 (USD 7,853,126) loan agreement with a third party to provide funds for their operations with 4.35% annual interest rate, no collateral and is due on August 31, 2022. On October 12, 2021, the Company entered into an amended loan agreement with the third party to increase the loan amount by RMB 25,100,000 (USD 3,939,047) which is due on October 12, 2022. As of December 31, 2021, the loan receivable and related accrued interest was RMB 12,703,387 (USD 1,993,595), and RMB 626,054 (USD 98,249), respectively, which were subsequently received in March 2022. In January 2022, the Company further funded RMB 10,000,000 (USD 1,575,746) to the borrower. As of December 31, 2022, the loan balance RMB 10,000,000 (USD 1,405,778) and related accrued interest RMB 251,326 (USD 35,331) was fully received. |