Annual report pursuant to Section 13 and 15(d)

PREPAYMENTS & OTHER ASSETS (Tables)

v3.23.1
PREPAYMENTS & OTHER ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepayments and Other Assets
Prepayments and other assets are comprised of prepayments paid to vendors to initiate orders and prepaid services and fees. The prepaid balances are summarized as follows:
As of December 31,
2022 2021
Vendor prepayments $ 2,459,389  $ 10,652,962 
Prepaid services and fees 1,346,430  587,505 
Others 38,769  7,799 
Total prepayments and other assets $ 3,844,588  $ 11,248,266