ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Payables and Accruals [Abstract]

SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:

		March 31, 2023				December 31, 2022
Advance from customers		$	525,782			$	397,886
Accrued payroll and employee benefits			89,054				89,359
Accrued interest expenses			148,592				122,135

Accrued underwriter fees (i)			1,200,000				-
Other tax payables (ii)			-				261
Other payable to a former shareholder (iii)			-				191,180
Others (iv)			161,329				153,803
Accrued expenses and other current liabilities		$	2,124,757			$	944,624

(i)

On March 18, 2023, the Company entered into a private placement consent agreement with Craft and Lafferty related to the private placement consummated on January 19, 2023 (see Note 10) on the fees of US$1.2 million, payable to Craft and Lafferty only on the completion of the underwriting offering.

(ii)

Other tax payables are mainly value added tax payable.

(iii)

Other payable to a former shareholder was paid in March 2023.

(iv)

Others mainly represent accrued employee reimbursement payable and other accrued miscellaneous operating expenses.

Accrued expenses and other current liabilities consist of the following:

		December 31, 2022				December 31, 2021
Advance from customers		$	397,886			$	59,111
Accrued payroll and employee benefits			89,359				99,342
Accrued interest expenses			122,135				20,795
Other tax payables (i)	(i)		261				-
Other payable to a former shareholder (ii)	(ii)		191,180				-
Others (iii)	(iii)		153,803				131,159
Accrued expenses and other current liabilities		$	944,624			$	310,407

(i)

Other tax payables are mainly value added tax payable.

(ii)

Other payable to a former shareholder was paid in March, 2023.

(iii)

Others mainly represent accrued employee reimbursement payable and other accrued miscellaneous operating expenses.