Loans Receivable |
12 Months Ended | |||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||
| Loans Receivable [Abstract] | ||||||||||||||||||||||||||||
| LOANS RECEIVABLE | 8. LOANS RECEIVABLE
Loans receivables consist of the following:
Borrower A
On August 1, 2023, the Company made loans of RMB 2,000,000 ($281,694) to Borrower A with a term of five months. In January 2024, the Company collected the full outstanding balance. The loan was interest free.
On January 1, 2023, the Company made loans of RMB 1,900,000 ($267,609) to Borrower A with a term of six months. On May 1, 2023, the Company made another loans of RMB 2,000,000 ($281,694) to Borrower A with a term of four months. The Company collected the full outstanding balance in April and August 2023, respectively. Both loans were interest free. |
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