Fortune Valley Treasures (FVTI) S-1/A 1 Sep 22 IPO registration (amended) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2022
Cover [Abstract]
Document Type	S-1/A
Amendment Flag	true
Amendment Description	Amendment No. 5
Entity Registrant Name	Fortune Valley Treasures, Inc.
Entity Central Index Key	0001626745
Entity Primary SIC Number	2080
Entity Tax Identification Number	32-0439333
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	B1601 Oriental Impression Building 2
Entity Address, Address Line Two	No. 139
Entity Address, Address Line Three	Dongguan
Entity Address, City or Town	Guangdong
Entity Address, Postal Zip Code	523900
City Area Code	86
Local Phone Number	(769) 8572-9133
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021		Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 85,326	$ 123,163		$ 249,837
Accounts receivable (including $53,571 and $43,477 from related parties as of June 30, 2022 and December 31, 2021, respectively)	2,704,902	2,662,168		2,468,038
Inventories	139,533	81,073		144,565
Prepayments and other current assets (including $2,059,668 and $1,813,904 to related parties as of June 30, 2022 and December 31, 2021, respectively)	2,437,318	2,176,713		383,808
Due from related party		26,364		984,806
Total current assets	5,367,079	5,069,481		4,231,054
Non-current assets
Deposits paid (including $1,807,382 and $1,596,075 to related parties as of June 30, 2022 and December 31, 2021, respectively)	2,751,174	2,306,160		671,921
Property and equipment, net	118,063	140,394		47,815
Operating lease right-of-use assets	291,748	385,896		153,251
Operating lease right-of-use assets, related parties	85,150	98,626		160,013
Intangible assets, net	1,767,737	2,281,790		3,028,490
Goodwill	1,334,005	1,406,289		1,368,915
Total Assets	11,714,956	11,688,636		9,661,459
Current liabilities
Operating lease obligations – current	102,736	133,586		67,915
Operating lease obligations, related parties - current	21,777	22,666		160,238
Accounts payable (including $26,508 and $17,789 to related parties as of June 30, 2022 and December 31, 2021, respectively)	191,000	239,492		251,541
Accrued liabilities	138,589	128,343		277,531
Bank and other borrowings - current	208,012	101,207
Income tax payable	43,101	25,726		321,670
Customer advances	255,980	382,518		580,151
Due to related parties	491,621	683,981		337,400
Total current liabilities	1,452,816	1,717,519		1,996,446
Non-current liabilities
Operating lease obligations – non-current	185,806	240,611		85,764
Operating lease obligations, related parties – non-current	65,209	77,934		93,332
Bank and other borrowings	173,430	188,218		254,266
Total Liabilities	1,877,261	2,224,282		2,429,808
Stockholders’ Equity
Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of June 30, 2022 and December 31, 2021)	15,655	15,655	[1]	15,655	[1]
Additional paid-in capital	11,061,233	11,061,233	[1]	11,061,233	[1]
Accumulated deficit and statutory reserves	(1,665,272)	(2,561,681)		(4,341,417)
Accumulated other comprehensive income (loss)	(3,489)	544,305		300,265
Total Fortune Valley Treasures, Inc. stockholders’ equity	9,408,127	9,059,512		7,035,736
Noncontrolling interests	429,568	404,842		195,915
Total Stockholders’ Equity	9,837,695	9,464,354		7,231,651
Total Liabilities and Stockholders’ Equity	$ 11,714,956	$ 11,688,636		$ 9,661,459
[1] Given effect of the Reverse Stock Split, See Note 12

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable related parties	$ 53,571	$ 43,477	$ 239,468
Prepaid assets related parties	2,059,668	1,813,904	298,383
Deposit assets, related parties	1,807,382	1,596,075	526,101
Accounts receivable related parties	$ 26,508	17,789	87,469
Customer advances related parties			$ 15,011
Common Stock, Shares Authorized	150,000,000	150,000,000	150,000,000
Common Stock, Shares, Issued	15,655,038	15,655,038	15,655,038
Common Stock, Shares, Outstanding	15,655,038	15,655,038	15,655,038

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	3 Months Ended				6 Months Ended				12 Months Ended
	Jun. 30, 2022		Jun. 30, 2021		Jun. 30, 2022		Jun. 30, 2021		Dec. 31, 2021		Dec. 31, 2020
Income Statement [Abstract]
Net revenues (including $40,770 and $119,706 from related parties for the three months ended June 30, 2022 and 2021, respectively; $41,495 and $388,684 from related parties for the six months ended June 30, 2022 and 2021, respectively)	$ 2,336,459		$ 1,825,344		$ 3,598,269		$ 3,469,504		$ 8,021,823		$ 5,005,694
Cost of revenues (including $249,468 and $139,743 from related parties for the three months ended June 30, 2022 and 2021, respectively; $386,380 and $270,343 from related parties for the six months ended June 30, 2022 and 2021, respectively)	1,099,523		797,524		1,617,985		1,527,267		3,659,805		1,673,367
Gross profit	1,236,936		1,027,820		1,980,284		1,942,237		4,362,018		3,332,327
Other operating income											35,164
Operating expenses:
Selling and distribution expenses	15,929		19,604		34,084		47,158		89,416		23,191
General and administrative expenses	347,657		449,872		874,943		931,449		2,095,488		873,505
Other operating expenses											30,812
Impairment loss on goodwill											5,594,692
Operating income	873,350		558,344		1,071,257		963,630		2,177,114		(3,154,709)
Other income (expense):
Other income	1,995		255		8,202		286		52,025		26,878
Loss from conversion of related party loan											(199,030)
Interest income	16		483		93		648		983		761
Interest expense	(4,864)		(5,934)		(10,689)		(9,487)		(17,816)		(14,325)
Other expense, net	(2,853)		(5,196)		(2,394)		(8,553)		35,192		(185,716)
Income before income tax	870,497		553,148		1,068,863		955,077		2,212,306		(3,340,425)
Income tax expense	81,514		96,267		103,921		162,622		248,837		306,928
Net income	788,983		456,881		964,942		792,455		1,963,469		(3,647,353)
Less: Net income attributable to noncontrolling interests	41,250		42,406		68,533		72,726		183,733		(391,789)
Net income attributable to Fortune Valley Treasures, Inc.	747,733		414,475		896,409		719,729		1,779,736		(3,255,564)
Other comprehensive income (loss):
Foreign currency translation income (loss)	(602,321)		88,041		(591,601)		81,371		269,234		321,337
Total comprehensive income	186,662		544,922		373,341		873,826		2,232,703		(3,326,016)
Less: comprehensive income (loss) attributable to noncontrolling interests	(4,305)		50,477		24,726		80,194		208,927		(353,118)
Comprehensive income attributable to Fortune Valley Treasures, Inc.	$ 190,967		$ 494,445		$ 348,615		$ 793,632		$ 2,023,776		$ (2,972,898)
Earnings per share
Basic and diluted earnings (loss) per share	$ 0.05	[1]	$ 0.03	[1]	$ 0.06	[1]	$ 0.05	[1]	$ 0.11	[2]	$ (0.21)	[2]
Basic and diluted weighted average shares outstanding	15,655,038	[1]	15,655,038	[1]	15,655,038	[1]	15,655,038	[1]	15,655,038	[2]	15,390,620	[2]
[1]Given effect of the Reverse Stock Split, see Note 9[2]Given effect of the Reverse Stock Split, see Note 12

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue from related parties	$ 40,770	$ 119,706	$ 41,495	$ 388,684	$ 495,330	$ 843,828
Related parties in cost of revenues	$ 249,468	$ 139,743	$ 386,380	$ 270,343	$ 663,976	$ 308,381

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)		Common Stock [Member]		Additional Paid-in Capital [Member]		Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2019		$ 15,388	[1]	$ 292,362	[1]	$ (1,085,853)	$ 17,599		$ (760,504)
Beginning balance, shares at Dec. 31, 2019	[1]	15,387,632
Shares issued for conversion of related party loan		$ 24	[1]	995,125	[1]				995,149
Shares issued for conversion of related party loan, shares	[1]	24,272
Shares issued for acquisition of subsidiary		$ 243	[1]	9,773,746	[1]				9,773,989
Shares issued for acquisition of subsidiary, shares	[1]	243,134
Noncontrolling interests arising from acquisition of subsidiary			[1]		[1]			549,033	549,033
Net income			[1]		[1]	(3,255,564)		(391,789)	(3,647,353)
Foreign currency translation adjustment			[1]		[1]		282,666	38,671	321,337
Ending balance, value at Dec. 31, 2020		$ 15,655	[1]	11,061,233	[1]	(4,341,417)	300,265	195,915	7,231,651
Ending balance, shares at Dec. 31, 2020	[1],[2]	15,655,038
Net income						305,254		30,320	335,574
Foreign currency translation adjustment							(6,067)	(603)	(6,670)
Ending balance, value at Mar. 31, 2021		$ 15,655		11,061,233		(4,036,163)	294,198	225,632	7,560,555
Ending balance, shares at Mar. 31, 2021	[2]	15,655,038
Beginning balance, value at Dec. 31, 2020		$ 15,655	[1]	11,061,233	[1]	(4,341,417)	300,265	195,915	7,231,651
Beginning balance, shares at Dec. 31, 2020	[1],[2]	15,655,038
Net income									792,455
Foreign currency translation adjustment									81,371
Ending balance, value at Jun. 30, 2021		$ 15,655		11,061,233		(3,621,688)	374,168	276,109	8,105,477
Ending balance, shares at Jun. 30, 2021	[2]	15,655,038
Beginning balance, value at Dec. 31, 2020		$ 15,655	[1]	11,061,233	[1]	(4,341,417)	300,265	195,915	7,231,651
Beginning balance, shares at Dec. 31, 2020	[1],[2]	15,655,038
Net income			[1]		[1]	1,779,736		183,733	1,963,469
Foreign currency translation adjustment			[1]		[1]		244,040	25,194	269,234
Ending balance, value at Dec. 31, 2021		$ 15,655	[1]	11,061,233	[1]	(2,561,681)	544,305	404,842	9,464,354
Ending balance, shares at Dec. 31, 2021	[1]	15,655,038
Beginning balance, value at Mar. 31, 2021		$ 15,655		11,061,233		(4,036,163)	294,198	225,632	7,560,555
Beginning balance, shares at Mar. 31, 2021	[2]	15,655,038
Net income						414,475		42,406	456,881
Foreign currency translation adjustment							79,970	8,071	88,041
Ending balance, value at Jun. 30, 2021		$ 15,655		11,061,233		(3,621,688)	374,168	276,109	8,105,477
Ending balance, shares at Jun. 30, 2021	[2]	15,655,038
Beginning balance, value at Dec. 31, 2021		$ 15,655	[1]	11,061,233	[1]	(2,561,681)	544,305	404,842	9,464,354
Beginning balance, shares at Dec. 31, 2021	[1]	15,655,038
Net income						148,676		27,283	175,959
Foreign currency translation adjustment							8,972	1,748	10,720
Ending balance, value at Mar. 31, 2022		$ 15,655		11,061,233		(2,413,005)	553,277	433,873	9,651,033
Ending balance, shares at Mar. 31, 2022		15,655,038
Beginning balance, value at Dec. 31, 2021		$ 15,655	[1]	11,061,233	[1]	(2,561,681)	544,305	404,842	9,464,354
Beginning balance, shares at Dec. 31, 2021	[1]	15,655,038
Net income									964,942
Foreign currency translation adjustment									(591,601)
Ending balance, value at Jun. 30, 2022		$ 15,655		11,061,233		(1,665,272)	(3,489)	429,568	9,837,695
Ending balance, shares at Jun. 30, 2022		15,655,038
Beginning balance, value at Mar. 31, 2022		$ 15,655		11,061,233		(2,413,005)	553,277	433,873	9,651,033
Beginning balance, shares at Mar. 31, 2022		15,655,038
Net income						747,733		41,250	788,983
Foreign currency translation adjustment							(556,766)	(45,555)	(602,321)
Ending balance, value at Jun. 30, 2022		$ 15,655		$ 11,061,233		$ (1,665,272)	$ (3,489)	$ 429,568	$ 9,837,695
Ending balance, shares at Jun. 30, 2022		15,655,038
[1]Given effect of the Reverse Stock Split, see Note 12.[2]Given effect of the Reverse Stock Split, see Note 9

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net income	$ 964,942	$ 792,455	$ 1,963,469	$ (3,647,353)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization expense	433,417	426,224	869,407	282,795
Non-cash lease expense	85,628	51,831	117,824	124,542
Impairment loss on goodwill				5,594,692
Loss from conversion of related party loan				199,030
Changes in operating assets and liabilities
Accounts receivable	(185,856)	1,302,508	(124,843)	(2,311,261)
Inventories	(64,826)	9,751	66,424	(28,659)
Prepayments and other current assets	(385,553)	(2,185,049)	(1,755,603)	(74,427)
Due from related party	25,887		356,225
Deposits paid	(583,325)	(995,723)	(1,591,577)	(635,902)
Accounts payable	(37,455)	(50,152)	(18,632)	199,520
Due to related parties	(122,702)		118,009
Customer advances	(110,633)	109,032	(210,259)	549,051
Accrued liabilities	56,060	121,960	189,812	740,652
Income tax payable	19,354	(210,758)	(300,140)	298,039
Operating lease obligations	(77,497)	(61,546)	(137,258)	(54,454)
Net cash provided by (used in) operating activities	17,441	(689,467)	(457,142)	1,236,265
Cash flows from investing activities
Purchase of intangible assets		(23,486)	(28,008)
Advance to related parties				(936,192)
Proceeds from acquisition of subsidiary				7,672
Repayment of advance to related parties			614,275	46,388
Purchase of property and equipment			(117,077)	(65,899)
Purchase of intangible asset
Net cash provided by investing activities		581,648	469,190	(948,031)
Cash flows from financing activities
Repayments to related parties	(154,510)	(1,529,556)	(684,784)	(920,457)
Repayments to a third party			(49,817)
Borrowings from related parties		1,836,071	464,958	571,453
Borrowings from and repayments to revolving credit lines, net	148,606	(22,925)
Borrowings from a third party				108,721
Proceeds from bank borrowings, net			77,609	131,915
Net cash provided by (used in) financing activities	(49,540)	283,590	(192,034)	(108,368)
Effect of exchange rate changes on cash and cash equivalents	(5,738)	(5,208)	53,312	31,834
Net changes in cash and cash equivalents	(37,837)	170,563	(126,674)	211,700
Cash and cash equivalents–beginning of the period	123,163	249,837	249,837	38,137
Cash and cash equivalents–end of the period	85,326	420,400	123,163	249,837
Supplementary cash flow information:
Interest paid	10,191	9,487	17,816	14,325
Income taxes paid	86,546	446,755	444,376
Non-cash investing and financing activities
Expenses paid by related parties on behalf of the Company	38,627	293,862	344,218	498,549
Remeasurement of operating lease obligation and right-of-use asset due to lease termination		40,885	41,010
Operating lease right-of-use assets obtained in exchange for operating lease obligations		281,058	319,092	256,804
Shares issued for acquisition of subsidiary				9,773,989
Related party loan settled with issuance of shares				$ 769,119
Repayment of advance to related parties		3,539,350
Advance to related parties		(2,876,774)
Purchase of property and equipment		(57,442)
Borrowings from bank loans	10,352
Borrowings from a third party	24,154
Repayments to bank loans	(11,763)
Repayments to a third party	$ (66,379)

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS ORGANIZATION & DESCRIPTION OF BUSINESS Fortune Valley Treasures, Inc. (formerly Crypto-Services, Inc.) (“FVTI” or the “Company”) was incorporated in the State of Nevada on March 21, 2014. The Company’s current primary business operations of wholesale distribution and retail sales of alcoholic beverages of wine and distilled liquors, and drinking water distribution and delivery are conducted through its subsidiaries in the People’s Republic of China (“PRC”). On April 11, 2018, the Company entered into a share exchange agreement by and among DaXingHuaShang Investment Group Limited (“DIGLS”) and its shareholders: 1.) Yumin Lin, 2.) Gaosheng Group Co., Ltd. and 3.) China Kaipeng Group Co., Ltd. whereby the Company newly issued 15,000,000 On March 1, 2019, the Company entered into a sale and purchase agreement (the “SP Agreement”) to acquire 100% of the shares of Jiujiu Group Stock Co., Ltd. (“JJGS”), a company incorporated under the laws of the Republic of Seychelles. The transaction closed on March 1, 2019. Pursuant to the SP Agreement, the Company issued 5 100 150 On June 22, 2020, the Company entered into a sale and purchase agreement along with Qianhai DaXingHuaShang Investment (Shenzhen) Co., Ltd., a company incorporated in China and a wholly-owned subsidiary of FVTI (“QHDX”), to acquire 90 243,134 shares (given effect of the Reserve Stock Split, see Note 9) of the Company’s common stock. The Company obtained the control of Xixingdao on August 31, 2020, the shares were issued on December 28, 2020. Xixingdao became the Company’s subsidiary since August 31, 2020. On January 6, 2021, FVTI, JJGS, Valley Holding Limited (“Valley Holdings”) and Angel International Investment Holdings Limited (the “Valley Holdings Seller”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on March 16, 2020. On the same date, FVTI, DILHK, Valley Holdings and the Valley Holdings Seller entered into a new equity interest transfer agreement, pursuant to which DILHK agreed to purchase 70 % of Valley Holdings’ equity interest from the Valley Holdings seller (the “Valley Holdings Agreement”). On July 8, 2022, FVTI, DILHK, Valley Holdings and the Valley Holdings Seller signed a termination agreement, pursuant to which the parties mutually agreed to terminate the Valley Holdings Agreement signed on March 16, 2020. The Valley Holdings Agreement was terminated effective July 8, 2022 and the parties have no further rights or obligations under the Valley Holdings Agreement. The parties further agreed to waive their rights to any claims that may arise under the Valley Holdings Agreement. As of the date of the termination agreement, no equity interest of Valley Holdings had been transferred to FVTI, DILHK or Valley Holdings. On February 28, 2021, FVTI, QHDX and the original shareholders of Foshan BaiTaFeng Beverage Development Co., Ltd. (“BTF”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on December 31, 2019 (“BTF Agreement”). The BTF Agreement was terminated effective February 28, 2021 and the parties have no further rights or obligations under the BTF Agreement. The parties further agreed to waive their rights to any claims that may arise under the BTF Agreement. As of the date of the termination agreement, no equity interest of BTF had been transferred to QHDX. Basis of presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole. The condensed consolidated balance sheet information as of December 31, 2021 was derived from the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2021, filed with the SEC on April 1, 2022 (the “report”). These unaudited condensed consolidated financial statements should be read in conjunction with the report. Basis of consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the unaudited condensed consolidated statements of operations. As of June 30, 2022, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd (“FLTT”) September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 202 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”) June 7, 2021 Xixingdao Trading of primary agricultural products, household appliances and plastic products PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding PRC Use of estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates include certain assumptions related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, and impairment of goodwill. Actual results may differ from these estimates. Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position. Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION 2022 2021 As of and for the six months ended June 30, 2022 2021 Period-end RMB:US$1 exchange rate 0.14927 0.15483 Period-average RMB:US$1 exchange rate 0.15451 0.15451 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation. Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the six months ended June 30, 2022 and 2021. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis. The Company would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. During the six months ended June 30, 2022 and 2021, the Company did no Revenue recognition Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water, oil and water purifier directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE 2022 2021 2022 2021 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Sales of wine $ 1,203,484 $ 617,568 $ 1,833,946 $ 1,396,788 Sales of water 808,648 1,027,651 1,338,092 1,728,146 Sales of oil - 81,120 - 217,117 Sales of water purifier 310,807 99,005 395,548 127,453 Others 13,520 - 30,683 - Total $ 2,336,459 $ 1,825,344 $ 3,598,269 $ 3,469,504 Contract liabilities Contract liabilities consist mainly of customer advances. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of June 30, 2022 and December 31, 2021, the Company had customer advances of $ 255,980 382,518 314,780 Related party transaction Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.	ORGANIZATION AND DESCRIPTION OF BUSINESS Fortune Valley Treasures, Inc. (formerly Crypto-Services, Inc.) (“FVTI” or the “Company”) was incorporated in the State of Nevada on March 21, 2014. The Company’s current primary business operations of wholesale distribution and retail sales of alcoholic beverages of wine and distilled liquors, and drinking water distribution and delivery are conducted through its subsidiaries in the People’s Republic of China (“PRC”). On April 11, 2018, the Company entered into a share exchange agreement by and among DaXingHuaShang Investment Group Limited (“DIGLS”) and its shareholders: 1.) Yumin Lin, 2.) Gaosheng Group Co., Ltd. and 3.) China Kaipeng Group Co., Ltd whereby the Company newly issued 15,000,000 shares (given effect of the Reverse Stock Split, see Note 12) of its common stock in exchange for all the outstanding shares in DIGLS. This transaction has been accounted for as a reverse takeover transaction and a recapitalization of the Company whereby the Company, the legal acquirer, is the accounting acquiree, and DIGLS, the legal acquiree, is the accounting acquirer; accordingly, the Company’s historical statement of stockholders’ equity has been retroactively restated to the first period presented. On March 1, 2019, the Company entered into a sale and purchase agreement (the “SP Agreement”) to acquire 100% of the equity interest of Jiujiu Group Stock Co., Ltd. (“JJGS”), a company incorporated under the laws of the Republic of Seychelles. The transaction closed on March 1, 2019. Pursuant to the SP Agreement, the Company issued 5 shares (given effect of the Reverse Stock Split, see Note 12) of its common stock to JJGS to acquire 100 % of the shares of JJGS for a cost of $ 150 . After the closing, JJGS became the Company’s wholly owned subsidiary. JJGS owns all of the equity interest of Jiujiu (HK) Industry Limited (“JJHK”) and Jiujiu (Shenzhen) Industry Co., Ltd. (“JJSZ”). JJGS, JJHK and JJSZ did not have any material assets or liabilities as of December 31, 2019, and they did not have any substantial operations or active business during the year ended December 31, 2019. On June 22, 2020, the Company entered into a sale and purchase agreement along with Qianhai DaXingHuaShang Investment (Shenzhen) Co., Ltd., a company incorporated in the PRC and a wholly-owned subsidiary of FVTI (“QHDX”), to acquire 90 % of the equity interest of Dongguan Xixingdao Technology Co., Ltd. (“Xixingdao”), a company incorporated in the PRC, in exchange for 243,134 shares (given effect of the Reverse Stock Split, see Note 12) of the Company’s common stock. The Company obtained the control of Xixingdao on August 31, 2020, the shares were issued on December 28, 2020. Xixingdao became the Company’s subsidiary since August 31, 2020. On January 6, 2021, FVTI, JJGS, Valley Holding Limited (“Valley Holdings”) and Angel International Investment Holdings Limited (the “Valley Holdings Seller”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on March 16, 2020. On the same date, FVTI, DILHK, Valley Holdings and the Valley Holdings Seller entered into a new equity interest transfer agreement, pursuant to which DILHK agreed to purchase 70% 12 5 0.6 3 0.4 On February 28, 2021, FVTI, QHDX and the original shareholders of Foshan BaiTaFeng Beverage Development Co., Ltd. (“BTF”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on December 31, 2019 (“BTF Agreement”). The BTF Agreement was terminated effective February 28, 2021 and the parties have no further rights or obligations under the BTF Agreement. The parties further agreed to waive their rights to any claims that may arise under the BTF Agreement. As of the date of the termination agreement, no equity interest of BTF had been transferred to QHDX.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation These consolidated financial statements, accompanying notes, and related disclosures have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These financial statements have been prepared using the accrual basis of accounting in accordance with the generally accepted accounting principles in the United States (“U.S. GAAP”). The Company’s fiscal year end is December 31. The Company’s financial statements are presented in U.S. dollars. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and fulfillment of obligations in the normal course of business. The realization of assets and fulfillment of obligations in the normal course of business is dependent on, among other things, the Company’s ability to generate sufficient cash flows from operations, and the Company’s ability to arrange adequate financing arrangements. Historically, the Company had recurring net losses and negative operating cash flows that raised substantial doubt about its ability to continue as a going concern. The Company has been improving its operations subsequent to the acquisition of Xixingdao in August 2020. In assessing its going concern in the next twelve months following the issuance of the financial statements for the year ended December 31, 2021, management considered the projected revenues and expenses for the next twelve months. Although the Company has generated a negative operating cash flow of $ 457,142 1,963,469 3,351,962 Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the consolidated statements of operations. As of December 31, 2021, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Tai Food Trade Ltd (“FTFL”) October 23, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jia Drinking Water Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Sheng Drinking Water Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Xi Drinking Water Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Shenzhen City Fu Jin Trading Technology Ltd (“FJSTL”) June 7, 2021 Xixingdao Sales of agriculture products, household electric appliances, plastic products and software development PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding. PRC Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, valuation of intangible assets acquired and impairment of goodwill. Actual results may materially differ from these estimates. Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position. Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Adjustments arising from such translations are included in accumulated other comprehensive income in shareholders’ equity. SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION December 31, 2021 December 31,2020 Spot RMB: USD exchange rate $ 0.15735 $ 0.15317 Average RMB: USD exchange rate $ 0.15499 $ 0.14496 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US dollars at the rates used in translation. Cash and cash equivalents Cash and cash equivalents consist of cash on hand, demand deposits placed with banks or other financial institutions and have original maturities of less than three months. The Company’s primary bank deposits are located in the Hong Kong and the PRC. Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the customer obligations due under normal trade terms net of allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for doubtful accounts taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the customers as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances of each account may require the Company to use substantial judgment in assessing its collectability. Inventories Inventories consisting of finished goods are stated at the lower of cost or market value. The Company used the weighted average cost method of accounting for inventory. Inventories on hand are evaluated on an on-going basis to determine if any items are obsolete, spoiled, or in excess of future demand. The Company provides impairment that is charged directly to cost of revenues when is has been determined the product is obsolete, spoiled, and the Company will not be able to sell it at a normal profit above its carrying cost. The Company’s primary products are alcoholic beverages and water. The selling price of alcoholic beverages tend to increase over time, however, there are circumstances where alcoholic beverages may be subject to spoilage if stored for prolong periods of time. Property and equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF EQUIPMENT Categories Estimated useful life Office equipment 3 20 Leasehold improvements 3 The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized. Intangible assets, net Intangible assets with definite lives are stated at cost less accumulated amortization and consist mainly of distribution channel that was acquired in the acquisition of Xixingdao. Amortization is calculated on the straight-line basis over the following estimated useful lives: SCHEDULE OF ESTIMATED USEFUL LIVES OF AMORTIZATION Categories Estimated useful life Distribution channel 4 Others 5 Operating leases The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the years ended December 31, 2021 and 2020. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis. In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (ASU 2017-04), which eliminates step two from the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective for annual and interim reporting periods beginning after December 15, 2022 for smaller reporting companies. The Company has early adopted ASU 2017-04 on January 1, 2020. During the years ended December 31, 2021 and 2020, the Company has recorded impairment of goodwill in the amount of $ nil and $ 5,594,692 . Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water and oil directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE For the years ended December 31, 2021 December 31, 2020 Sales of wine $ 3,098,070 $ 2,704,662 Sales of water 3,653,171 1,297,554 Sales of oil 515,273 493,284 Others 755,309 510,194 Total $ 8,021,823 $ 5,005,694 Contract liabilities Contract liabilities consist mainly of advanced from customers including related party customers. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of December 31, 2021 and 2020, the Company had customer advances of $ 382,518 and $ 580,151 , respectively. During the years ended December 31, 2021 and 2020, the Company recognized $ 580,151 and $ nil , respectively, of customer advances in the opening balance. Sales and distribution expenses Sales and distribution expenses amounted to $ 89,416 23,191 General and administrative expenses General and administrative expenses consist primarily of salary and welfare for general and administrative personnel, rental expenses, entertainment expenses, general office expenses and professional service fees. Value-added taxes Revenue is recognized net of value-added taxes (“VAT”). The VAT is based on gross sales price and VAT rates applicable to the Company is 17 % for the period from the beginning of 2018 till the end of April 2018, then changed to 16 % from May 2018 to the end of March 2019, and changed to 13 % from April 2019. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. For entities that are VAT small taxpayers, VAT rate applicable is 3 % for the period from the beginning of 2018, then during the COVID-19, the small taxpayers are allowed to enjoy the preferred tax policy, tax rate from 3 % to 1 % for the period from March 1, 2020 to December 31, 2021. All of the VAT returns filed by the Company’s subsidiaries in the PRC, have been and remain subject to examination by the PRC tax authorities for five years from the date of filing. VAT payables are included in accrued liabilities. Income taxes The Company followed the liability method of accounting for income taxes in accordance with ASC 740, Income Taxes, or ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company recorded a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. The Company accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognizable tax benefit recognized in accordance with ASC 740 are classified in the consolidated statements of comprehensive income as income tax expense. Statutory reserves Statutory reserves are referring to the amount appropriated from the net income in accordance with laws or regulations, which can be used to recover losses and increase capital, as approved, and are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit must appropriate and reserve, on an annual basis, an amount equal to 10 % of its profit. Such an appropriation is necessary until the reserve reaches a maximum that is equal to 50 % of the enterprise’s PRC registered capital. The Company had $ 636,898 nil Earnings (loss) per share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Financial instruments The Company accounts for financial instruments in accordance to ASC Topic 820, “Fair Value Measurements and Disclosures,” which requires disclosure of the fair value of financial instruments held by the Company and ASC Topic 825, “Financial Instruments,” which defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for financial assets and liabilities, which primarily consist of cash and cash equivalents, accounts receivable, inventories, prepayments and other current assets, accounts payable, accrued liabilities, income tax payable, customer advances, are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. Commitments and contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Comprehensive income (loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements. The Company’s current component of other comprehensive income includes the foreign currency translation adjustment. Segment reporting The Company reports each material operating segment in accordance with ASC 280, “Segment Reporting”. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has determined that it has only one operating segment. Significant risk Currency risk A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in the PRC must be processed through the PBOC or other Company foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance. The Company maintains certain bank accounts in the PRC. On May 1, 2015, the PRC’s new Deposit Insurance Regulation came into effect, pursuant to which banking financial institutions, such as commercial banks, established in the PRC are required to purchase deposit insurance for deposits in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Company’s accounts, as its aggregate deposits are much higher than the compensation limit, which is RMB 500,000 for one bank. However, the Company believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in the PRC and the Company believes that those Chinese banks that hold the Company’s cash and cash equivalents are financially sound based on public available information. Other than the deposit insurance mechanism in the PRC mentioned above, the Company’s bank accounts are not insured by Federal Deposit Insurance Corporation insurance or other insurance. Concentration and credit risk Financial instruments that potentially subject the Company to the concentration of credit risks consist of cash and short-term investments. The maximum exposures of such assets to credit risk are their carrying amounts as of the balance sheet dates. The Company deposits its cash and cash equivalents with financial institutions located in jurisdictions where the subsidiaries are located. The Company believes that no significant credit risk exists as these financial institutions have high credit quality. The Company also exposures to credit risk associated with its trading and other activities is measured on an individual counterparty basis, as well as by group of counterparties that share similar attributes. Concentrations of credit risk can be affected by changes in political, industry, or economic factors. To reduce the potential for risk concentration, the Company generally requires payment after delivery of the goods within 60 to 90 days. Credit limits are established and exposure is monitored in light of changing counterparty and market conditions. 10% 10% 10% 10% Interest rate risk Fluctuations in market interest rates may negatively affect our financial condition and results of operations. The Company is exposed to floating interest rate risk on cash deposit and floating rate borrowings, and the risks due to changes in interest rates is not material. The Company has not used any derivative financial instruments to manage our interest risk exposure. Related party transaction A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. Business combination The purchase price of an acquisition is measured as the aggregate of the fair value of the consideration transferred. The purchase price is allocated to the fair values of the tangible and intangible assets acquired and liabilities assumed, with any excess recorded as goodwill. These fair value determinations require judgment and may involve the use of significant estimates and assumptions. The purchase price allocation may be provisional during a measurement period of up to one year to provide reasonable time to obtain the information necessary to identify and measure the assets acquired and liabilities assumed. Any such measurement period adjustments are recognized in the period in which the adjustment amount is determined. Transaction costs associated with the acquisition are expensed as incurred. Recent accounting pronouncements adopted In December 2020, the FASB issued ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The ASU removes certain exceptions to the general principles in Topic 740 and improves consistent application of and simplifies GAAP for other areas of Topic 740 by clarifying and amending existing guidance. On January 1, 2021, the Company adopted ASU 2019-12 on a prospective basis. The adoption did not have a material impact on the Company’s consolidated financial statement.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	NOTE 3 - ACCOUNTS RECEIVABLE, NET Accounts receivable consisted of the following as of December 31, 2021 and 2020: SCHEDULE OF ACCOUNTS RECEIVABLE 2021 2020 Accounts receivable (including $ 43,477 239,468 $ 2,662,168 $ 2,468,038 Less: Allowance for doubtful accounts - - Account receivable, net $ 2,662,168 $ 2,468,038

PREPAYMENTS AND OTHER CURRENT A

PREPAYMENTS AND OTHER CURRENT ASSETS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Prepayments And Other Current Assets
PREPAYMENTS AND OTHER CURRENT ASSETS	NOTE 2 – PREPAYMENTS AND OTHER CURRENT ASSETS Prepayments and other current assets consisted of the following as of June 30, 2022 and December 31, 2021 SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS June 30, December 31, Prepayments (including $ 2,059,668 1,813,904 $ 2,428,473 $ 2,169,095 Other current assets 8,845 7,618 Prepayments and other receivables $ 2,437,318 $ 2,176,713 Balance of prepayments represented the advanced payments to suppliers including related party suppliers.	NOTE 4 – PREPAYMENTS AND OTHER CURRENT ASSETS Prepayments and other current assets consisted of the following as of December 31, 2021 and 2020: SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS 2021 2020 Prepayments (including $ 1,813,904 298,383 $ 2,169,095 $ 376,746 Other current assets 7,618 7,062 Prepayments and other current assets $ 2,176,713 $ 383,808 Balance of prepayments represented the advanced payments to suppliers including related party suppliers.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 3 – PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following as of June 30, 2022 and December 31, 2021 SCHEDULE OF PROPERTY AND EQUIPMENT June 30, December 31, Office equipment $ 114,866 $ 113,995 Leasehold improvement 126,386 126,386 Property and equipment 241,252 240,381 Less: Accumulated depreciation (123,189 ) (99,987 ) Property and equipment, net $ 118,063 $ 140,394 Depreciation expense, which was included in general and administrative expenses, for the six months ended June 30, 2022 and 2021 was $ 15,647 10,194	NOTE 5 – PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following as of December 31, 2021 and 2020: SCHEDULE OF PROPERTY AND EQUIPMENT 2021 2020 Office equipment $ 113,995 $ 69,158 Leasehold improvement 126,386 54,146 Property and equipment 240,381 123,304 Less: Accumulated depreciation (99,987 ) (75,489 ) Property and equipment, net $ 140,394 $ 47,815 Depreciation expense, which was included in general and administrative expenses, for the years ended December 31, 2021 and 2020 was $ 24,500 and $ 22,590 , respectively.

BUSINESS COMBINATION AND GOODWI

BUSINESS COMBINATION AND GOODWILL	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATION AND GOODWILL	NOTE 6 – BUSINESS COMBINATION AND GOODWILL On August 31, 2020, FVTI completed the acquisition of 90 9,773,989 4,862,681 The determination of fair values involves the use of significant judgment and estimates and in the case of Xixingdao, this is with specific reference to acquired intangible asset. The judgments used to determine the estimated fair value assigned to assets acquired and liabilities assumed, as well as the intangible asset life and the expected future cash flows and related discount rate, can materially impact the Company’s consolidated financial statements. Significant inputs and assumptions used for the model included the amount and timing of expected future cash flows and discount rate. The Company utilized the assistance of a third-party valuation appraiser to determine the fair value as of the date of acquisition. The purchase price was allocated on the acquisition date of Xixingdao as follows: SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED Account and other receivables $ 305,866 Inventories 79,332 Other net assets (12,884 ) Distribution channel 3,145,260 Due to related party (135,080 ) Noncontrolling interest (549,033 ) Goodwill 6,940,530 Total purchase price $ 9,773,991 The results of operations, financial position, and cash flows of Xixingdao have been included in the Company’s consolidated financial statements since the date of acquisition. Goodwill arising from this business combination is not tax deductible. The following unaudited pro forma information presents the combined results of operations for the years ended December 31, 2020 and 2019 as if the acquisition of Xixingdao had occurred as of January 1, 2020 and May 31, 2019, the inception date of Xixingdao. These unaudited pro forma results are presented for informational purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the Company consummated the acquisition on January 1, 2020 or May 31, 2019, nor are they indicative of future results of operations: SCHEDULE OF BUSINESS ACQUISITION PRO FORMA INFORMATION 2020 2019 For the years ended December 31 2020 2019 Pro forma net revenues $ 5,327,633 $ 853,926 Pro forma net loss 3,634,335 159,007 Pro forma net loss attributable to Fortune Valley Treasures, Inc. 3,243,848 180,882 The Company’s policy is to perform its annual impairment testing on goodwill for its reporting unit on December 31, of each fiscal year or more frequently if events or changes in circumstances indicate that an impairment may exist. During the year ended December 31, 2020, the Company’s evaluation of goodwill for impairment involves the comparison of the fair value of Xixingdao to its carrying value. The Company used the income approach with the discounted cash flow valuation method with the assistance of a third-party valuation appraiser to estimate fair value, which requires management to make significant estimates and assumptions related to forecasted revenues and cash flows and the discount rate. The impairment loss on goodwill of $ 5,594,692 was recognized during the year ended December 31, 2020. As of December 31, 2020, the balance of goodwill is $ 1,368,915 . During the year ended December 31, 2021, the Company performed a qualitative assessment by taking into consideration the industry and market conditions, overall financial performance of the reporting unit, and other specific information related to the operations. Based on the assessment, the Company determined that it was not necessary to perform a quantitative goodwill impairment test and concluded that no impairment indicators on its goodwill were noted as of December 31, 2021. As of December 31, 2021, the balance of goodwill is $ 1,406,289

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 4 – INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows : SCHEDULE OF INTANGIBLE ASSETS June 30, 2022 December 31, 2021 Distributor channel $ 3,215,190 $ 3,389,404 Others 27,870 22,299 Total intangible assets 3,243,060 3,411,703 Less: Accumulated amortization (1,475,323 ) (1,129,913 ) Total $ 1,767,737 $ 2,281,790 Amortization expense for the six months ended June 30, 2022 and 2021 was $ 417,770 416,030 As of June 30 SCHEDULE OF FUTURE AMORTIZATION EXPENSES FOR DISTRIBUTION CHANNELS Year ending December 31, 2022 (remaining) $ 404,686 2023 809,371 2024 541,439 2025 5,574 2026 5,574 Thereafter 1,093 Total $ 1,767,737	NOTE 7 – INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows: SCHEDULE OF INTANGIBLE ASSETS 2021 2020 Distributor channel $ 3,389,404 $ 3,299,329 Others 22,299 4,105 Total intangible assets 3,411,703 3,303,434 Less: Accumulated amortization (1,129,913 ) (274,944 ) Total $ 2,281,790 $ 3,028,490 Amortization expense for the years ended December 31, 2021 and 2020 was $ 844,907 and $ 260,205 , respectively, included in cost of revenues. As of December 31, 2021, the future estimated amortization costs for distribution channel are as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSES FOR DISTRIBUTION CHANNELS 2022 (remaining) 2022 $ 847,351 2023 847,351 2024 564,901 2025 564,901 2026 Thereafter - Total $ 2,259,603

INCOME TAXES

INCOME TAXES	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 6 - INCOME TAXES United States of America The Company is registered in the State of Nevada and is subject to United States of America tax law. The U.S. federal income tax rate is 21 Seychelles Under the current laws of the Seychelles, DIGLS and JJGS are registered as an international business company which governed by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles. Hong Kong From year of assessment of 2018/2019 onwards, Hong Kong profit tax rates are 8.25 2,000,000 289,855 16.5 2,000,000 The PRC The Company’s subsidiaries are incorporated in the PRC, and are subject to the PRC Enterprise Income Tax Laws (“EIT Laws”) with the statutory income tax rate of 25 On January 17, 2019, the State Taxation Administration issued the notice on the scope of small-scale and low-profit corporate income tax preferential policies of the Ministry of Finance and the State Administration of Taxation, [2019] No.13 for small-scale and low-profit enterprises whose annual taxable income is less than RMB 1,000,000 142,209 25 20 5 1,000,000 142,209 3,000,000 426,627 50 20 10 2.5 1,000,000 142,209 5 1,000,000 142,209 3,000,000 426,627 The components of the income tax provision are as follows: SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION Six Months Ended Six Months Ended Current: – United States of America $ 45,562 $ 79,096 – Seychelles - - – Hong Kong - - – The PRC 58,359 83,526 Current income tax expense Deferred – United States of America - - – Seychelles - - – Hong Kong - - – The PRC - - Deferred income tax expense Total $ 103,921 $ 162,622 The effective tax rate was 9.7 17.0	NOTE 8 - INCOME TAXES United States of America The Company is registered in the State of Nevada and is subject to United States of America tax law. The U.S federal income tax rate is 21 Seychelles Under the current laws of the Seychelles, DIGLS and JJGS are registered as an international business company which governed by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles. Hong Kong From year of assessment of 2018/2019 onwards, Hong Kong profit tax rates are 8.25 2,000,000 289,855 16.5 2,000,000 The PRC The Company’s subsidiaries are incorporated in the PRC, and are subject to the PRC Enterprise Income Tax Laws (“EIT Laws”) with the statutory income tax rate of 25 On January 17, 2019, the State Taxation Administration issued the notice on the scope of small-scale and low-profit corporate income tax preferential policies of the Ministry of Finance and the State Administration of Taxation, [2019] No. 13 for small-scale and low-profit enterprises whose annual taxable income is less than RMB1,000,000 (including RMB1,000,000), approximately $ 142,209 25 20 1,000,000 142,209 3,000,000 426,627 10 . The components of the income tax provision are as follows: SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION 2021 2020 Current: – United States of America $ 20,071 $ 46,621 – Seychelles - - – Hong Kong - - – The PRC 228,766 260,307 Deferred – United States of America - - – Seychelles - - – Hong Kong - - – The PRC - - Total $ 248,837 $ 306,928 A summary of United States and foreign income (loss) before income taxes was composed of the following: SCHEDULE OF UNITED STATES AND FOREIGN INCOME LOSS BEFORE INCOME TAXES 2021 2020 Income (loss) attributed to PRC operations $ 3,109,080 $ (2,861,595 ) Income (loss) attributed to Seychelles and Hong Kong (444 ) 873 Loss attributed to U.S. (896,330 ) (479,703 ) Income (loss) before tax $ 2,212,306 $ (3,340,425 ) The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows for the years ended December 31, 2021 and 2020: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2021 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % Higher rates in PRC, net - % - % Reconciling items, net operating losses in PRC and other jurisdictions, election to not recognize tax asset - % - % Income tax difference under different tax jurisdictions 7.2 % -3.9 % PRC tax exemption for qualified small-scale and low-profit enterprises -36.8 % 17.7 % Valuation allowance on deferred income tax assets 2.5 % -1.5 % Amortization of intangible asset and impairment of goodwill not deductible for tax purposes 7.9 % -36.8 % Impact of GILTI 9.4 % -4.4 % Others - % -1.3 % The Company’s effective tax rate 11.2 % -9.2 % The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The significant components of deferred taxes of the Company are as follows: SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS As of December 31, 2021 December 31, 2020 Deferred tax assets: Net operating loss carry forwards $ - $ - -United States - - -Hong Kong - - -PRC 55,457 54,598 Gross deferred tax assets 55,457 54,598 Less: valuation allowance (55,457 ) (54,598 ) Total deferred tax assets, net $ - $ -

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5- RELATED PARTY TRANSACTIONS Amounts due from related party as of June 30, 2022 and December 31, 2021 SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES June 30, 2022 December 31, 2021 Mr. Deqin Ke Manager of a subsidiary $   - $ 26,364 Due from related parties $ - $ 26,364 Amounts due to related parties as of June 30, 2022 and December 31, 2021 June 30, 2022 December 31, 2021 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director $ 336,204 $ 344,218 Ms. Xiulan Zhou Manager of a subsidiary 1,384 1,157 Mr. Huagen Li Manager of a subsidiary 2,388 2,518 Mr. Guodong Jia Manager of a subsidiary 1,748 944 Mr. Minghua Cheng Former director and majority shareholder - 157,353 Mr. Hongwei Ye Manager of a subsidiary, Shareholder 16 17 Mr. Anping Chen Manager of a subsidiary 1,045 6,924 Mr. Jiangwei Jia Manager of a subsidiary 950 787 Ms. Xiuyun Wang Manager of a subsidiary - 6,020 Mr. Yuwen Li Vice President 11,972 70,745 Shenzhen DaXingHuaShang Industry Development Ltd. Mr. Yumin Lin is the supervisor of Shenzhen DaXingHuaShang Industry Development Ltd. 89,560 93,298 Mr. Deqin Ke Manager of a subsidiary 746 - Mr. Zhihua Liao Manager of a subsidiary 1,249 - Ms. Chunxiang Zhang Manager of a subsidiary 2,239 - Mr. Xue Meng Manager of a subsidiary 2,564 - Ms. Shuqin Chen Manager of a subsidiary 2,239 - Ms. Jinlan Liu Mr. Minghua Cheng’s wife 37,317 - Due to related parties $ 491,621 $ 683,981 Revenues generated from related parties during the six months ended June 30, 2022 SCHEDULE OF REVENUE GENERATED FROM RELATED PARTIES 2022 2021 For the six months ended June 30, 2022 2021 Mr. Kaihong Lin Chief Financial Officer and Treasurer $ 652 $ 160 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director 438 302 Mr. Zihao Ye Manager of a subsidiary 262 76 Mr. Naiyong Luo Manager of a subsidiary - 5,742 Mr. Hongwei Ye Manager of a subsidiary, Shareholder - 5,933 Ms. Xiulan Zhou Manager of a subsidiary, Mr. Yumin Lin’s wife - 51 Dongguan City Chashan Pingfeng Cigarette and Wine Store Co., Ltd. Mr. Taiping Deng, a manager of a subsidiary, is the controlling shareholder of Dongguan City Chashan Pingfeng Cigarette and Wine Store Co., Ltd. - 60,762 Dongguan Zhengui Reality Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Dongguan Zhengui Reality Co., Ltd. - 132,334 Dongguan Huanhai Trading Co., Ltd. Mr. Hongwei Ye, a shareholder of the Company and a manager of a subsidiary, is the controlling shareholder of Dongguan Huanhai Trading Co., Ltd. 13,553 13,805 Guangdong Yuexin Jiaotong Construction Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Guangdong Yuexin Jiaotong Construction Co., Ltd. 7,581 98,818 Dongguan City Hualianguan Chemical Co., Ltd. Mr. Hongwei Ye, a shareholder of the Company and a manager of a subsidiary, is the controlling shareholder of Dongguan City Hualianguan Chemical Co., Ltd. 19,009 - Dongguan City Daying Internet Technology Co., Ltd. Mr. Minghua Cheng, a former director and majority shareholder of the Company, is the controlling shareholder of Dongguan City Daying Internet Technology Co., Ltd. - 57,496 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company - 13,205 Revenues generated from related parties $ 41,495 $ 388,684 Cost of revenues from related parties during the six months ended June 30, 2022 and 2021 is as follows: SCHEDULE OF COST REVENUES FROM RELATED PARTIES 2022 2021 For the six months ended June 30, 2022 2021 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company $ 15,899 $ 70,815 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 43,759 24,540 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 33,836 20,662 Dongguan Dengqinghu Drinking Water Co., Ltd. Significantly influenced by the Company 1,475 7,855 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 34,519 26,328 Dongguan Anxiang Technology Co., Ltd. Significantly influenced by the Company 64,639 57,935 Guangdong Jiaduonuo Shengshi Trading Co., Ltd. Significantly influenced by the Company 64,565 52,065 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 16,312 10,143 Dongguan City Yijia Trading Co., Ltd. Mr. Yongming Li, a shareholder of the Company, is the controlling shareholder of Dongguan City Yijia Trading Co., Ltd. 111,376 - Cost of revenues from related parties $ 386,380 $ 270,343 Purchases from related parties during the six months ended June 30, 2022 and 2021 are as follows: SCHEDULE OF PURCHASES FROM RELATED PARTIES 2022 2021 For the six months ended June 30, 2022 2021 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company $ 19,406 $ 55,839 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 56,842 19,131 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 37,266 19,368 Dongguan Dengqinghu Drinking Water Store Significantly influenced by the Company 1,659 8,393 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 33,634 34,460 Dongguan Anxiang Technology Co., Ltd. Significantly influenced by the Company 66,220 69,883 Guangdong Jiaduonuo Shengshi Trading Co., Ltd. Significantly influenced by the Company 69,407 45,365 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 16,374 14,082 Dongguan City Yijia Trading Co., Ltd. Mr. Yongming Li, a shareholder of the Company, is the controlling shareholder of Dongguan City Yijia Trading Co., Ltd. 48,579 - Purchase from related party $ 349,387 $ 266,521 Due from related party mainly consists of funds advanced to a related party as borrowings or funds advanced to pay off the Company’s expenses. The balance is unsecured, non-interest bearing. Due to related parties mainly consists of borrowings for working capital purpose, the balances are unsecured, non-interest bearing and due on demand. In addition, during the six months ended June 30, 2022 and 2021, these related parties paid expenses on the Company’s behalf in an amount of $ 38,627 293,862 Mr. Yuwen Li, the Vice President of the Company, authorized the Company to use trademarks that were owned by him for ten years from October 5, 2019 to October 4, 2029 at no cost. Also see Note 2 and 7 for more transactions with related parties.	NOTE 9- RELATED PARTY TRANSACTIONS During the year ended December 31, 2021, the Company identified certain of its customers and suppliers to be related parties as the Company can exercise significant influence over those parties. To conform to the current year presentation, the balances and transactions of those related parties in prior year have been reclassified. Amounts due from related parties as of December 31, 2021 and 2020 are as follows: SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES 2021 2020 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director $ - $ 45,662 Mr. Kaihong Lin Chief Financial Officer and Treasurer - 215,973 Ms. Xiulan Zhou Manager of a subsidiary, Mr. Yumin Lin’s wife - 360,273 Mr. Huagen Li Manager of a subsidiary - 123,456 Mr. Zhipeng Zuo Manager of a subsidiary - 133,658 Ms. Shuqin Chen Manager of a subsidiary - 105,784 Mr. Deqin Ke Manager of a subsidiary 26,364 - $ 26,364 $ 984,806 Amounts due to related parties as of December 31, 2021 and 2020 are as follows: 2021 2020 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director $ 344,218 $ - Ms. Xiulan Zhou Manager of a subsidiary 1,157 - Mr. Huagen Li Manager of a subsidiary 2,518 - Mr. Guodong Jia Manager of a subsidiary 944 - Mr. Minghua Cheng Director and majority shareholder of the Company 157,353 - Mr. Hongwei Ye Manager of a subsidiary, Shareholder of the Company 17 - Mr. Anping Chen Manager of a subsidiary 6,924 - Mr. Jiangwei Jia Manager of a subsidiary 787 - Ms. Xiuyun Wang Manager of a subsidiary 6,020 1,483 Mr. Yuwen Li Vice President 70,745 292,024 Shenzhen DaXingHuaShang Industry Development Ltd. Mr. Yumin Lin is the supervisor of Shenzhen DaXingHuaShang Industry Development Ltd. 93,298 3,063 Ms. Lihua Li Mr. Yuwen Li’s wife - 677 Mr. Zihao Ye Manager of a subsidiary - 12,958 Mr. Weihua Zuo Manager of a subsidiary - 2,298 Mr. Deqin Ke Manager of a subsidiary - 9,274 Mr. Shengpin Liu Manager of a subsidiary - 306 Mr. Aisheng Zhang Manager of a subsidiary - 3,063 Mr. Zhihua Liao Manager of a subsidiary - 12,254 $ 683,981 $ 337,400 Revenues generated from related parties during the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF REVENUE GENERATED FROM RELATED PARTIES 2021 2020 Mr. Yuwen Li Vice President $ - $ 627 Mr. Kaihong Lin Chief Financial Officer and Treasurer 407 51 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director 389 332 Ms. Xiulan Zhou Manager of a subsidiary, Mr. Yumin Lin’s wife 63 42 Mr. Zihao Ye Manager of a subsidiary 108 442 Mr. Naiyong Luo Manager of a subsidiary 5,759 6,434 Mr. Hongwei Ye Manager of a subsidiary, Shareholder of the Company 6,820 1,225 Shenzhen DaXingHuaShang Industry Development Ltd Mr. Yumin Lin is the supervisor of Shenzhen DaXingHuaShang Industry Development Ltd. - 1,257 Shenzhen DaXingHuaShang Supplychain Service Co., Ltd. Subsidiary of Shenzhen DaXingHuaShang Industry Development Ltd. - 269,552 Guangdong Shuiyijia Distribution Co., Ltd. Ms. Lihua Li is the supervisor of this company 19,619 149 Dongguan Chashan Pingfeng Cigarate and Wine Co., Ltd. Mr. Taiping Deng, a manager of a subsidiary, is the controlling shareholder of Dongguan ChaShan Pingfeng Cigarate and Wine Co. Ltd. 99,119 - Dongguan Huanhai Trading Co., Ltd. Mr. Weihong Ye, a manager of a subsidiary, is the controlling shareholder of Dongguan Huanhai Trading Co., Ltd. 104,663 45,262 Dongguan Hualian Guanhua Gong Co., Ltd. Mr. Weihong Ye, a manager of a subsidiary, is the controlling shareholder of Dongguan Hualian Guanhua Gong Co., Ltd. 57,671 21,534 Dongguan Daying Internet Technology Co., Ltd. Mr. Minghua Cheng, a director of the Company, is the controlling shareholder of Dongguan Daying Internet Technology Co., Ltd. 132,737 - Dongguan Zhengui Reality Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Dongguan Zhengui Reality Co., Ltd. 54,730 71,428 Guangdong Yuexin Jiaotong Construction Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Guangdong Yuexin Jiaotong Construction Co., Ltd. - 15,267 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company - 76,573 Dongguan Anxiang Technology Co., Ltd. Significantly influenced by the Company - 86,131 Guangdong Jiaduonuo Shengshi Trading Co., Ltd. Significantly influenced by the Company - 86,374 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company - 87,364 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 13,245 73,784 $ 495,330 $ 843,828 Cost of revenues from related parties during the years ended December 31, 2021 and 2020 is as follows: SCHEDULE OF COST REVENUES FROM RELATED PARTIES 2021 2020 Significantly influenced by the Company $ 56,598 $ 57,426 Guangfong Jiaduonuo Shengshi Tradong Co., Ltd. Significantly influenced by the Company 109,936 21,641 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company 124,896 75,274 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 99,502 29,122 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 89,475 38,116 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 113,893 86,802 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 69,676 - $ 663,976 $ 308,381 Purchases from related parties during the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF PURCHASES FROM RELATED PARTIES 2021 2020 Significantly influenced by the Company $ 184,099 $ 64,035 Guangfong Jiaduonuo Shengshi Tradong Co., Ltd. Significantly influenced by the Company 168,066 24,774 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company 79,685 32,425 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 63,483 9,857 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 57,086 73,843 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 72,664 48,852 Dongguan Dengqinghu Drinking Water Store Significantly influenced by the Company 9,483 12,394 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 44,454 25,507 $ 679,020 $ 291,687 Due from related parties mainly consists of funds advanced to related parties as borrowings or funds advanced to pay off the Company’s expenses. The balances are unsecured, non-interest bearing. Due to related parties mainly consists of borrowings for working capital purpose, the balances are unsecured, non-interest bearing and due on demand. In addition, during the years ended December 31, 2021 and 2020, these related parties paid expenses on the Company’s behalf in an amount of $ 344,218 and $498,549, respectively . Also see Note 3, 4, 10 and 11 for more transactions with related parties.

OPERATING LEASES

OPERATING LEASES	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
OPERATING LEASES	NOTE 7 - OPERATING LEASES As of June 30, 2022, the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 3 months to 58 months. Two of these leases described above were entered with related parties. The operating lease entered with Ms. Qingmei Lin, a related party, is for the premises in Dongguan City, PRC. The agreement covers the period from January 1, 2019 to April 30, 2027 with the monthly rent expense of RMB 10,000 (approximately $ 1,545). The operating lease agreement entered with Mr. Hongwei Ye, another related party, is for the premises in Dongguan City, PRC. The agreement covers the period from September 27, 2020 to September 30, 2023 with the monthly rent expense of RMB 960 (approximately $ 148 ). The Company terminated an operating lease agreement with a subsidiary of Shenzhen DaXingHuaShang Industry Development Ltd., a related party, for the premises in Shenzhen City, PRC on February 28, 2021. The monthly rent expense for this lease was RMB 30,000 4,349 The components of lease expense and supplemental cash flow information related to leases for the six months ended June 30, 2022 and 2021 are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION 2022 2021 Operating lease cost (included in general and administrative expenses in the Company’s unaudited condensed consolidated statements of operations) For the six months ended 2022 2021 Related parties $ 11,347 $ 23,307 Non-related parties 74,009 42,666 Total $ 85,356 $ 65,973 Other information for the six months ended June 30, 2022 June 30, 2021 Cash paid for amounts included in the measurement of lease obligations $ 78,215 $ 72,024 Weighted average remaining lease term (in years) 3.55 4.26 Weighted average discount rate 3.23 % 3.23 % Maturities of the Company’s lease obligations as of June 30, 2022 are as follows: SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS Year ending December 31, 2022 (remaining) $ 74,148 2023 111,468 2024 82,081 2025 78,242 2026 44,039 Thereafter 5,971 Total lease payment 395,949 Less: Imputed interest (20,421 ) Operating lease obligations $ 375,528	NOTE 10 – OPERATING LEASES As of December 31, 2021, the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 9 months to 64 months . Two of the leases described above were entered with related parties. The operating lease entered with Ms. Qingmei Lin, a related party, is for the premises in Dongguan City, PRC. The agreement covers the period from January 1, 2019 to April 30, 2027 with the monthly rent expense of RMB 10,000 (approximately $ 1,450 ). The operating lease agreement entered with Mr. Hongwei Ye, another related party, is for the premises in Dongguan City, PRC. The agreement covers the period from September 27, 2020 to September 30, 2023 with the monthly rent expense of RMB 960 (approximately $ 139 ). The components of lease expense and supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION Operating lease cost (included in general and administrative expenses in the Company’s consolidated statements of operations) for the years ended December 31, December 31, Related parties $ 32,677 $ 100,302 Non-related parties 118,315 15,197 Other information for the years ended December 31, December 31, 2020 Cash paid for amounts included in the measurement of lease obligations $ 151,586 $ 57,115 Weighted average remaining lease term (in years) 3.82 3.48 Weighted average discount rate 3.23 % 3.23 % Maturities of the Company’s lease obligations as of December 31, 2021 are as follows: SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS Year ending December 31, 2022 $ 163,885 2022 (remaining) $ 74,148 2023 118,279 2024 87,001 2025 82,482 2026 46,426 Thereafter 6,294 Total lease payment 504,367 Less: Imputed interest (29,570 ) Operating lease obligations $ 474,797 Lease expenses were $ 150,992 115,499 for the years ended December 31, 2021 and 2020, respectively.

BANK AND OTHER BORROWINGS

BANK AND OTHER BORROWINGS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
BANK AND OTHER BORROWINGS	NOTE 8 – BANK AND OTHER BORROWINGS In August 2020, the Company obtained a revolving credit line in the principal amount of RMB 910,000 139,000 interest at the base Loan Prime Rate of 3.85% plus 0.4%. July 21, 2023 In December 2020, the Company obtained a loan in the principal amount of RMB 750,000 115,000 interest at the base Loan Prime Rate of 3.85% plus 8.75%. December 21, 2022 In November 2021, the Company obtained a bank loan in the principal amount of RMB 500,000 79,000 when borrowed 3.6% December 11, 2021 500,750 79,000 interest at 10.71%. In May 2022, the Company obtained a revolving credit line in the principal amount of RMB 1,000,000 149,000 interest at 4.45%. May 26, 2023 In May 2022, the Company obtained a loan in the principal amount of RMB 161,000 24,000 interest at 11.34% May 21, 2024 In May 2022, the Company obtained a bank loan in the principal amount of RMB 69,000 10,000 interest at 11.34% May 21, 2024 The balance of the loans borrowed as of June 30, 2022 and December 31, 2021 were as follows: SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES June 30, December 31, 2021 Loan from a trust in PRC $ 23,030 $ 67,438 China Construction Bank 285,098 143,192 WeBank 73,314 78,795 Aggregate outstanding principal balances $ 381,442 $ 289,425 Less: current portion 208,012 101,207 Non-current portion $ 173,430 $ 188,218 The total interest expense was $ 10,689 9,487 Future minimum loan payments as of June 30, 2022 are as follows: SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS Year ending December 31, 2022 (remaining) $ 29,315 2023 344,975 2024 7,152 Thereafter - Total $ 381,442	NOTE 11 – BANK AND OTHER BORROWINGS In July 2020, the Company obtained a loan from Hua Hui (Shenzhen) Education Management Ltd., which is a related party with Mr. Hongwei Ye being the supervisor, who is also the manager of one of the Company’s subsidiaries, in the total principal amount of RMB 1,300,000 199,000 The loan bears interest at the rate of 0.7% per month. 12,789 In August 2020, the Company obtained a revolving credit line in the principal amount of RMB 910,000 139,000 interest at the base Loan Prime Rate of 3.85% plus 0.4%. July 21, 2023 In December 2020, the Company obtained a loan in the principal amount of RMB 750,000 115,000 interest at the base Loan Prime Rate of 3.85% plus 8.75%. December 21, 2022 In November 2021, the Company obtained a bank loan in the principal amount of RMB 500,000 79,000 3.6% December 11, 2021 December 21, 2023 500,750 79,000 interest at 10.71%. The balance of the loans borrowed as of December 31, 2021 and 2020 were as follows: SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES December 31, 2021 December 31, 2020 Bank loan from the trust in PRC $ 67,438 $ 114,879 China Construction Bank 143,192 - WeBank 78,795 139,387 Aggregate outstanding principal balances $ 289,425 $ 254,266 Less: current portion 101,207 - Non-current portion $ 188,218 $ 254,266 The total interest expense was $ 17,816 and $ 14,325 (including $ 12,789 paid to a related party) for the years ended December 31, 2021 and 2020, respectively.

COMMON STOCK

COMMON STOCK	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Equity [Abstract]
COMMON STOCK	NOTE 9 – COMMON STOCK Effective on October 21, 2021, the Company has approved a reverse stock split of the Company’s authorized and issued and outstanding shares of common stock, par value $ 0.001 150,000,000 313,098,220 15,655,038 0.001	NOTE 12 – COMMON STOCK Effective on October 21, 2021, the Company has approved a reverse stock split of the Company’s authorized and issued and outstanding shares of common stock, par value $ 0.001 per share, at a ratio of 1-for-20 (the “Reverse Stock Split”). As a result of the Reverse Stock Split, the Company’s authorized shares of common stock became 150,000,000 shares. As of September 30, 2020 and immediately prior to the Reverse Stock Split, there were 313,098,220 shares of common stock issued and outstanding. As a result of the Reverse Stock Split, the Company has 15,655,038 shares of common stock issued and outstanding. The par value remains unchanged at $ 0.001 per share, which resulted in a reclassification of capital from par value to additional paid-in capital in excess of par value.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 - SUBSEQUENT EVENTS On July 8, 2022, the Company obtained two loans in the principal amount of RMB 99,000 15,000 231,000 34,000 interest at 14.4% July 8, 2024 On July 13, 2022, the Company obtained two loans in the principal amount of RMB 153,000 23,000 357,000 53,000 interest at 14.4% July 13, 2024 On July 21, 2022, the Company obtained a loan in the principal amount of RMB 380,000 57,000 interest at 12.6% July 21, 2024	NOTE 13 - SUBSEQUENT EVENTS During the subsequent period through March 31, 2022, the Company advanced a total amount of $ 382,646 to a related party, and the related party repaid the amount of $ 167,003 to the Company. The balance of due from related parties as of the filing date was $ 148,430 .

ORGANIZATION & DESCRIPTION OF B

ORGANIZATION & DESCRIPTION OF BUSINESS	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
ORGANIZATION & DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS ORGANIZATION & DESCRIPTION OF BUSINESS Fortune Valley Treasures, Inc. (formerly Crypto-Services, Inc.) (“FVTI” or the “Company”) was incorporated in the State of Nevada on March 21, 2014. The Company’s current primary business operations of wholesale distribution and retail sales of alcoholic beverages of wine and distilled liquors, and drinking water distribution and delivery are conducted through its subsidiaries in the People’s Republic of China (“PRC”). On April 11, 2018, the Company entered into a share exchange agreement by and among DaXingHuaShang Investment Group Limited (“DIGLS”) and its shareholders: 1.) Yumin Lin, 2.) Gaosheng Group Co., Ltd. and 3.) China Kaipeng Group Co., Ltd. whereby the Company newly issued 15,000,000 On March 1, 2019, the Company entered into a sale and purchase agreement (the “SP Agreement”) to acquire 100% of the shares of Jiujiu Group Stock Co., Ltd. (“JJGS”), a company incorporated under the laws of the Republic of Seychelles. The transaction closed on March 1, 2019. Pursuant to the SP Agreement, the Company issued 5 100 150 On June 22, 2020, the Company entered into a sale and purchase agreement along with Qianhai DaXingHuaShang Investment (Shenzhen) Co., Ltd., a company incorporated in China and a wholly-owned subsidiary of FVTI (“QHDX”), to acquire 90 243,134 shares (given effect of the Reserve Stock Split, see Note 9) of the Company’s common stock. The Company obtained the control of Xixingdao on August 31, 2020, the shares were issued on December 28, 2020. Xixingdao became the Company’s subsidiary since August 31, 2020. On January 6, 2021, FVTI, JJGS, Valley Holding Limited (“Valley Holdings”) and Angel International Investment Holdings Limited (the “Valley Holdings Seller”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on March 16, 2020. On the same date, FVTI, DILHK, Valley Holdings and the Valley Holdings Seller entered into a new equity interest transfer agreement, pursuant to which DILHK agreed to purchase 70 % of Valley Holdings’ equity interest from the Valley Holdings seller (the “Valley Holdings Agreement”). On July 8, 2022, FVTI, DILHK, Valley Holdings and the Valley Holdings Seller signed a termination agreement, pursuant to which the parties mutually agreed to terminate the Valley Holdings Agreement signed on March 16, 2020. The Valley Holdings Agreement was terminated effective July 8, 2022 and the parties have no further rights or obligations under the Valley Holdings Agreement. The parties further agreed to waive their rights to any claims that may arise under the Valley Holdings Agreement. As of the date of the termination agreement, no equity interest of Valley Holdings had been transferred to FVTI, DILHK or Valley Holdings. On February 28, 2021, FVTI, QHDX and the original shareholders of Foshan BaiTaFeng Beverage Development Co., Ltd. (“BTF”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on December 31, 2019 (“BTF Agreement”). The BTF Agreement was terminated effective February 28, 2021 and the parties have no further rights or obligations under the BTF Agreement. The parties further agreed to waive their rights to any claims that may arise under the BTF Agreement. As of the date of the termination agreement, no equity interest of BTF had been transferred to QHDX. Basis of presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole. The condensed consolidated balance sheet information as of December 31, 2021 was derived from the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2021, filed with the SEC on April 1, 2022 (the “report”). These unaudited condensed consolidated financial statements should be read in conjunction with the report. Basis of consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the unaudited condensed consolidated statements of operations. As of June 30, 2022, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd (“FLTT”) September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 202 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”) June 7, 2021 Xixingdao Trading of primary agricultural products, household appliances and plastic products PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding PRC Use of estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates include certain assumptions related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, and impairment of goodwill. Actual results may differ from these estimates. Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position. Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION 2022 2021 As of and for the six months ended June 30, 2022 2021 Period-end RMB:US$1 exchange rate 0.14927 0.15483 Period-average RMB:US$1 exchange rate 0.15451 0.15451 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation. Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the six months ended June 30, 2022 and 2021. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis. The Company would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. During the six months ended June 30, 2022 and 2021, the Company did no Revenue recognition Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water, oil and water purifier directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE 2022 2021 2022 2021 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Sales of wine $ 1,203,484 $ 617,568 $ 1,833,946 $ 1,396,788 Sales of water 808,648 1,027,651 1,338,092 1,728,146 Sales of oil - 81,120 - 217,117 Sales of water purifier 310,807 99,005 395,548 127,453 Others 13,520 - 30,683 - Total $ 2,336,459 $ 1,825,344 $ 3,598,269 $ 3,469,504 Contract liabilities Contract liabilities consist mainly of customer advances. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of June 30, 2022 and December 31, 2021, the Company had customer advances of $ 255,980 382,518 314,780 Related party transaction Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.	ORGANIZATION AND DESCRIPTION OF BUSINESS Fortune Valley Treasures, Inc. (formerly Crypto-Services, Inc.) (“FVTI” or the “Company”) was incorporated in the State of Nevada on March 21, 2014. The Company’s current primary business operations of wholesale distribution and retail sales of alcoholic beverages of wine and distilled liquors, and drinking water distribution and delivery are conducted through its subsidiaries in the People’s Republic of China (“PRC”). On April 11, 2018, the Company entered into a share exchange agreement by and among DaXingHuaShang Investment Group Limited (“DIGLS”) and its shareholders: 1.) Yumin Lin, 2.) Gaosheng Group Co., Ltd. and 3.) China Kaipeng Group Co., Ltd whereby the Company newly issued 15,000,000 shares (given effect of the Reverse Stock Split, see Note 12) of its common stock in exchange for all the outstanding shares in DIGLS. This transaction has been accounted for as a reverse takeover transaction and a recapitalization of the Company whereby the Company, the legal acquirer, is the accounting acquiree, and DIGLS, the legal acquiree, is the accounting acquirer; accordingly, the Company’s historical statement of stockholders’ equity has been retroactively restated to the first period presented. On March 1, 2019, the Company entered into a sale and purchase agreement (the “SP Agreement”) to acquire 100% of the equity interest of Jiujiu Group Stock Co., Ltd. (“JJGS”), a company incorporated under the laws of the Republic of Seychelles. The transaction closed on March 1, 2019. Pursuant to the SP Agreement, the Company issued 5 shares (given effect of the Reverse Stock Split, see Note 12) of its common stock to JJGS to acquire 100 % of the shares of JJGS for a cost of $ 150 . After the closing, JJGS became the Company’s wholly owned subsidiary. JJGS owns all of the equity interest of Jiujiu (HK) Industry Limited (“JJHK”) and Jiujiu (Shenzhen) Industry Co., Ltd. (“JJSZ”). JJGS, JJHK and JJSZ did not have any material assets or liabilities as of December 31, 2019, and they did not have any substantial operations or active business during the year ended December 31, 2019. On June 22, 2020, the Company entered into a sale and purchase agreement along with Qianhai DaXingHuaShang Investment (Shenzhen) Co., Ltd., a company incorporated in the PRC and a wholly-owned subsidiary of FVTI (“QHDX”), to acquire 90 % of the equity interest of Dongguan Xixingdao Technology Co., Ltd. (“Xixingdao”), a company incorporated in the PRC, in exchange for 243,134 shares (given effect of the Reverse Stock Split, see Note 12) of the Company’s common stock. The Company obtained the control of Xixingdao on August 31, 2020, the shares were issued on December 28, 2020. Xixingdao became the Company’s subsidiary since August 31, 2020. On January 6, 2021, FVTI, JJGS, Valley Holding Limited (“Valley Holdings”) and Angel International Investment Holdings Limited (the “Valley Holdings Seller”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on March 16, 2020. On the same date, FVTI, DILHK, Valley Holdings and the Valley Holdings Seller entered into a new equity interest transfer agreement, pursuant to which DILHK agreed to purchase 70% 12 5 0.6 3 0.4 On February 28, 2021, FVTI, QHDX and the original shareholders of Foshan BaiTaFeng Beverage Development Co., Ltd. (“BTF”) signed a termination agreement, pursuant to which the parties mutually agreed to terminate the original equity interest transfer agreement signed on December 31, 2019 (“BTF Agreement”). The BTF Agreement was terminated effective February 28, 2021 and the parties have no further rights or obligations under the BTF Agreement. The parties further agreed to waive their rights to any claims that may arise under the BTF Agreement. As of the date of the termination agreement, no equity interest of BTF had been transferred to QHDX.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole. The condensed consolidated balance sheet information as of December 31, 2021 was derived from the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2021, filed with the SEC on April 1, 2022 (the “report”). These unaudited condensed consolidated financial statements should be read in conjunction with the report.	Basis of presentation These consolidated financial statements, accompanying notes, and related disclosures have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These financial statements have been prepared using the accrual basis of accounting in accordance with the generally accepted accounting principles in the United States (“U.S. GAAP”). The Company’s fiscal year end is December 31. The Company’s financial statements are presented in U.S. dollars. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and fulfillment of obligations in the normal course of business. The realization of assets and fulfillment of obligations in the normal course of business is dependent on, among other things, the Company’s ability to generate sufficient cash flows from operations, and the Company’s ability to arrange adequate financing arrangements. Historically, the Company had recurring net losses and negative operating cash flows that raised substantial doubt about its ability to continue as a going concern. The Company has been improving its operations subsequent to the acquisition of Xixingdao in August 2020. In assessing its going concern in the next twelve months following the issuance of the financial statements for the year ended December 31, 2021, management considered the projected revenues and expenses for the next twelve months. Although the Company has generated a negative operating cash flow of $ 457,142 1,963,469 3,351,962
Basis of consolidation	Basis of consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the unaudited condensed consolidated statements of operations. As of June 30, 2022, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd (“FLTT”) September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 202 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”) June 7, 2021 Xixingdao Trading of primary agricultural products, household appliances and plastic products PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding PRC	Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the consolidated statements of operations. As of December 31, 2021, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Tai Food Trade Ltd (“FTFL”) October 23, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jia Drinking Water Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Sheng Drinking Water Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Xi Drinking Water Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Shenzhen City Fu Jin Trading Technology Ltd (“FJSTL”) June 7, 2021 Xixingdao Sales of agriculture products, household electric appliances, plastic products and software development PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding. PRC
Use of estimates	Use of estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates include certain assumptions related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, and impairment of goodwill. Actual results may differ from these estimates.	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, valuation of intangible assets acquired and impairment of goodwill. Actual results may materially differ from these estimates.
Reclassification	Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.	Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.
Foreign currency translation and re-measurement	Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION 2022 2021 As of and for the six months ended June 30, 2022 2021 Period-end RMB:US$1 exchange rate 0.14927 0.15483 Period-average RMB:US$1 exchange rate 0.15451 0.15451 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.	Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Adjustments arising from such translations are included in accumulated other comprehensive income in shareholders’ equity. SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION December 31, 2021 December 31,2020 Spot RMB: USD exchange rate $ 0.15735 $ 0.15317 Average RMB: USD exchange rate $ 0.15499 $ 0.14496 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US dollars at the rates used in translation.
Cash and cash equivalents		Cash and cash equivalents Cash and cash equivalents consist of cash on hand, demand deposits placed with banks or other financial institutions and have original maturities of less than three months. The Company’s primary bank deposits are located in the Hong Kong and the PRC.
Accounts receivable and allowance for doubtful accounts		Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the customer obligations due under normal trade terms net of allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts which reflects its best estimate of amounts that potentially will not be collected. The Company determines the allowance for doubtful accounts taking into consideration various factors including but not limited to historical collection experience and credit-worthiness of the customers as well as the age of the individual receivables balance. Additionally, the Company makes specific bad debt provisions based on any specific knowledge the Company has acquired that might indicate that an account is uncollectible. The facts and circumstances of each account may require the Company to use substantial judgment in assessing its collectability.
Inventories		Inventories Inventories consisting of finished goods are stated at the lower of cost or market value. The Company used the weighted average cost method of accounting for inventory. Inventories on hand are evaluated on an on-going basis to determine if any items are obsolete, spoiled, or in excess of future demand. The Company provides impairment that is charged directly to cost of revenues when is has been determined the product is obsolete, spoiled, and the Company will not be able to sell it at a normal profit above its carrying cost. The Company’s primary products are alcoholic beverages and water. The selling price of alcoholic beverages tend to increase over time, however, there are circumstances where alcoholic beverages may be subject to spoilage if stored for prolong periods of time.
Property and equipment		Property and equipment Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows: SCHEDULE OF ESTIMATED USEFUL LIVES OF EQUIPMENT Categories Estimated useful life Office equipment 3 20 Leasehold improvements 3 The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized.
Intangible assets, net		Intangible assets, net Intangible assets with definite lives are stated at cost less accumulated amortization and consist mainly of distribution channel that was acquired in the acquisition of Xixingdao. Amortization is calculated on the straight-line basis over the following estimated useful lives: SCHEDULE OF ESTIMATED USEFUL LIVES OF AMORTIZATION Categories Estimated useful life Distribution channel 4 Others 5
Operating leases		Operating leases The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.
Impairment of long-lived assets other than goodwill	Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the six months ended June 30, 2022 and 2021.	Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the years ended December 31, 2021 and 2020.
Goodwill		Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis. In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (ASU 2017-04), which eliminates step two from the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective for annual and interim reporting periods beginning after December 15, 2022 for smaller reporting companies. The Company has early adopted ASU 2017-04 on January 1, 2020. During the years ended December 31, 2021 and 2020, the Company has recorded impairment of goodwill in the amount of $ nil and $ 5,594,692 .
Revenue recognition	Revenue recognition Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water, oil and water purifier directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE 2022 2021 2022 2021 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Sales of wine $ 1,203,484 $ 617,568 $ 1,833,946 $ 1,396,788 Sales of water 808,648 1,027,651 1,338,092 1,728,146 Sales of oil - 81,120 - 217,117 Sales of water purifier 310,807 99,005 395,548 127,453 Others 13,520 - 30,683 - Total $ 2,336,459 $ 1,825,344 $ 3,598,269 $ 3,469,504	Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water and oil directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE For the years ended December 31, 2021 December 31, 2020 Sales of wine $ 3,098,070 $ 2,704,662 Sales of water 3,653,171 1,297,554 Sales of oil 515,273 493,284 Others 755,309 510,194 Total $ 8,021,823 $ 5,005,694
Contract liabilities	Contract liabilities Contract liabilities consist mainly of customer advances. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of June 30, 2022 and December 31, 2021, the Company had customer advances of $ 255,980 382,518 314,780	Contract liabilities Contract liabilities consist mainly of advanced from customers including related party customers. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of December 31, 2021 and 2020, the Company had customer advances of $ 382,518 and $ 580,151 , respectively. During the years ended December 31, 2021 and 2020, the Company recognized $ 580,151 and $ nil , respectively, of customer advances in the opening balance.
Sales and distribution expenses		Sales and distribution expenses Sales and distribution expenses amounted to $ 89,416 23,191
General and administrative expenses		General and administrative expenses General and administrative expenses consist primarily of salary and welfare for general and administrative personnel, rental expenses, entertainment expenses, general office expenses and professional service fees.
Value-added taxes		Value-added taxes Revenue is recognized net of value-added taxes (“VAT”). The VAT is based on gross sales price and VAT rates applicable to the Company is 17 % for the period from the beginning of 2018 till the end of April 2018, then changed to 16 % from May 2018 to the end of March 2019, and changed to 13 % from April 2019. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. For entities that are VAT small taxpayers, VAT rate applicable is 3 % for the period from the beginning of 2018, then during the COVID-19, the small taxpayers are allowed to enjoy the preferred tax policy, tax rate from 3 % to 1 % for the period from March 1, 2020 to December 31, 2021. All of the VAT returns filed by the Company’s subsidiaries in the PRC, have been and remain subject to examination by the PRC tax authorities for five years from the date of filing. VAT payables are included in accrued liabilities.
Income taxes		Income taxes The Company followed the liability method of accounting for income taxes in accordance with ASC 740, Income Taxes, or ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company recorded a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. The Company accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognizable tax benefit recognized in accordance with ASC 740 are classified in the consolidated statements of comprehensive income as income tax expense.
Statutory reserves		Statutory reserves Statutory reserves are referring to the amount appropriated from the net income in accordance with laws or regulations, which can be used to recover losses and increase capital, as approved, and are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit must appropriate and reserve, on an annual basis, an amount equal to 10 % of its profit. Such an appropriation is necessary until the reserve reaches a maximum that is equal to 50 % of the enterprise’s PRC registered capital. The Company had $ 636,898 nil
Earnings (loss) per share		Earnings (loss) per share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
Financial instruments		Financial instruments The Company accounts for financial instruments in accordance to ASC Topic 820, “Fair Value Measurements and Disclosures,” which requires disclosure of the fair value of financial instruments held by the Company and ASC Topic 825, “Financial Instruments,” which defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for financial assets and liabilities, which primarily consist of cash and cash equivalents, accounts receivable, inventories, prepayments and other current assets, accounts payable, accrued liabilities, income tax payable, customer advances, are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.
Commitments and contingencies		Commitments and contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.
Comprehensive income (loss)		Comprehensive income (loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, all items that are required to be recognized under current accounting standards as components of comprehensive income are required to be reported in a financial statement that is presented with the same prominence as other financial statements. The Company’s current component of other comprehensive income includes the foreign currency translation adjustment.
Segment reporting		Segment reporting The Company reports each material operating segment in accordance with ASC 280, “Segment Reporting”. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has determined that it has only one operating segment.
Significant risk		Significant risk Currency risk A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in the PRC must be processed through the PBOC or other Company foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance. The Company maintains certain bank accounts in the PRC. On May 1, 2015, the PRC’s new Deposit Insurance Regulation came into effect, pursuant to which banking financial institutions, such as commercial banks, established in the PRC are required to purchase deposit insurance for deposits in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Company’s accounts, as its aggregate deposits are much higher than the compensation limit, which is RMB 500,000 for one bank. However, the Company believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in the PRC and the Company believes that those Chinese banks that hold the Company’s cash and cash equivalents are financially sound based on public available information. Other than the deposit insurance mechanism in the PRC mentioned above, the Company’s bank accounts are not insured by Federal Deposit Insurance Corporation insurance or other insurance. Concentration and credit risk Financial instruments that potentially subject the Company to the concentration of credit risks consist of cash and short-term investments. The maximum exposures of such assets to credit risk are their carrying amounts as of the balance sheet dates. The Company deposits its cash and cash equivalents with financial institutions located in jurisdictions where the subsidiaries are located. The Company believes that no significant credit risk exists as these financial institutions have high credit quality. The Company also exposures to credit risk associated with its trading and other activities is measured on an individual counterparty basis, as well as by group of counterparties that share similar attributes. Concentrations of credit risk can be affected by changes in political, industry, or economic factors. To reduce the potential for risk concentration, the Company generally requires payment after delivery of the goods within 60 to 90 days. Credit limits are established and exposure is monitored in light of changing counterparty and market conditions. 10% 10% 10% 10% Interest rate risk Fluctuations in market interest rates may negatively affect our financial condition and results of operations. The Company is exposed to floating interest rate risk on cash deposit and floating rate borrowings, and the risks due to changes in interest rates is not material. The Company has not used any derivative financial instruments to manage our interest risk exposure.
Related party transaction	Related party transaction Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.	Related party transaction A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.
Business combination		Business combination The purchase price of an acquisition is measured as the aggregate of the fair value of the consideration transferred. The purchase price is allocated to the fair values of the tangible and intangible assets acquired and liabilities assumed, with any excess recorded as goodwill. These fair value determinations require judgment and may involve the use of significant estimates and assumptions. The purchase price allocation may be provisional during a measurement period of up to one year to provide reasonable time to obtain the information necessary to identify and measure the assets acquired and liabilities assumed. Any such measurement period adjustments are recognized in the period in which the adjustment amount is determined. Transaction costs associated with the acquisition are expensed as incurred.
Recent accounting pronouncements adopted		Recent accounting pronouncements adopted In December 2020, the FASB issued ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The ASU removes certain exceptions to the general principles in Topic 740 and improves consistent application of and simplifies GAAP for other areas of Topic 740 by clarifying and amending existing guidance. On January 1, 2021, the Company adopted ASU 2019-12 on a prospective basis. The adoption did not have a material impact on the Company’s consolidated financial statement.

ORGANIZATION & DESCRIPTION OF_2

ORGANIZATION & DESCRIPTION OF BUSINESS (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole. The condensed consolidated balance sheet information as of December 31, 2021 was derived from the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2021, filed with the SEC on April 1, 2022 (the “report”). These unaudited condensed consolidated financial statements should be read in conjunction with the report.	Basis of presentation These consolidated financial statements, accompanying notes, and related disclosures have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These financial statements have been prepared using the accrual basis of accounting in accordance with the generally accepted accounting principles in the United States (“U.S. GAAP”). The Company’s fiscal year end is December 31. The Company’s financial statements are presented in U.S. dollars. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and fulfillment of obligations in the normal course of business. The realization of assets and fulfillment of obligations in the normal course of business is dependent on, among other things, the Company’s ability to generate sufficient cash flows from operations, and the Company’s ability to arrange adequate financing arrangements. Historically, the Company had recurring net losses and negative operating cash flows that raised substantial doubt about its ability to continue as a going concern. The Company has been improving its operations subsequent to the acquisition of Xixingdao in August 2020. In assessing its going concern in the next twelve months following the issuance of the financial statements for the year ended December 31, 2021, management considered the projected revenues and expenses for the next twelve months. Although the Company has generated a negative operating cash flow of $ 457,142 1,963,469 3,351,962
Basis of consolidation	Basis of consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the unaudited condensed consolidated statements of operations. As of June 30, 2022, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd (“FLTT”) September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 202 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”) June 7, 2021 Xixingdao Trading of primary agricultural products, household appliances and plastic products PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding PRC	Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the consolidated statements of operations. As of December 31, 2021, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Tai Food Trade Ltd (“FTFL”) October 23, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jia Drinking Water Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Sheng Drinking Water Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Xi Drinking Water Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Shenzhen City Fu Jin Trading Technology Ltd (“FJSTL”) June 7, 2021 Xixingdao Sales of agriculture products, household electric appliances, plastic products and software development PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding. PRC
Use of estimates	Use of estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates include certain assumptions related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, and impairment of goodwill. Actual results may differ from these estimates.	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, valuation of intangible assets acquired and impairment of goodwill. Actual results may materially differ from these estimates.
Reclassification	Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.	Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.
Foreign currency translation and re-measurement	Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION 2022 2021 As of and for the six months ended June 30, 2022 2021 Period-end RMB:US$1 exchange rate 0.14927 0.15483 Period-average RMB:US$1 exchange rate 0.15451 0.15451 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.	Foreign currency translation and re-measurement The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “ Foreign Currency Matters The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, DIGLS, DILHK, JJGS and JJHK’s functional currency is the U.S. dollar; QHDX, JJSZ and their subsidiaries which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency. The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows: ● Monetary assets and liabilities at exchange rates in effect at the end of each period ● Nonmonetary assets and liabilities at historical rates ● Revenue and expense items at the average rate of exchange prevailing during the period Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations. The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Adjustments arising from such translations are included in accumulated other comprehensive income in shareholders’ equity. SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION December 31, 2021 December 31,2020 Spot RMB: USD exchange rate $ 0.15735 $ 0.15317 Average RMB: USD exchange rate $ 0.15499 $ 0.14496 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US dollars at the rates used in translation.
Impairment of long-lived assets other than goodwill	Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the six months ended June 30, 2022 and 2021.	Impairment of long-lived assets other than goodwill The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company did not recognize any impairment of long-lived assets during the years ended December 31, 2021 and 2020.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment or more frequently if events or changes in circumstances indicate that an impairment may exist, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis. The Company would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. During the six months ended June 30, 2022 and 2021, the Company did no
Revenue recognition	Revenue recognition Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water, oil and water purifier directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE 2022 2021 2022 2021 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Sales of wine $ 1,203,484 $ 617,568 $ 1,833,946 $ 1,396,788 Sales of water 808,648 1,027,651 1,338,092 1,728,146 Sales of oil - 81,120 - 217,117 Sales of water purifier 310,807 99,005 395,548 127,453 Others 13,520 - 30,683 - Total $ 2,336,459 $ 1,825,344 $ 3,598,269 $ 3,469,504	Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of wine, water and oil directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for shipping and handling fees as a fulfillment cost. The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE For the years ended December 31, 2021 December 31, 2020 Sales of wine $ 3,098,070 $ 2,704,662 Sales of water 3,653,171 1,297,554 Sales of oil 515,273 493,284 Others 755,309 510,194 Total $ 8,021,823 $ 5,005,694
Contract liabilities	Contract liabilities Contract liabilities consist mainly of customer advances. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of June 30, 2022 and December 31, 2021, the Company had customer advances of $ 255,980 382,518 314,780	Contract liabilities Contract liabilities consist mainly of advanced from customers including related party customers. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines, water and other products prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of December 31, 2021 and 2020, the Company had customer advances of $ 382,518 and $ 580,151 , respectively. During the years ended December 31, 2021 and 2020, the Company recognized $ 580,151 and $ nil , respectively, of customer advances in the opening balance.
Related party transaction	Related party transaction Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.	Related party transaction A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES	As of June 30, 2022, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd (“FLTT”) September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 202 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”) June 7, 2021 Xixingdao Trading of primary agricultural products, household appliances and plastic products PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding PRC	SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Tai Food Trade Ltd (“FTFL”) October 23, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jia Drinking Water Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Sheng Drinking Water Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Xi Drinking Water Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Shenzhen City Fu Jin Trading Technology Ltd (“FJSTL”) June 7, 2021 Xixingdao Sales of agriculture products, household electric appliances, plastic products and software development PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding. PRC
SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION	Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION 2022 2021 As of and for the six months ended June 30, 2022 2021 Period-end RMB:US$1 exchange rate 0.14927 0.15483 Period-average RMB:US$1 exchange rate 0.15451 0.15451	SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION December 31, 2021 December 31,2020 Spot RMB: USD exchange rate $ 0.15735 $ 0.15317 Average RMB: USD exchange rate $ 0.15499 $ 0.14496
SCHEDULE OF ESTIMATED USEFUL LIVES OF EQUIPMENT		SCHEDULE OF ESTIMATED USEFUL LIVES OF EQUIPMENT Categories Estimated useful life Office equipment 3 20 Leasehold improvements 3
SCHEDULE OF ESTIMATED USEFUL LIVES OF AMORTIZATION		Amortization is calculated on the straight-line basis over the following estimated useful lives: SCHEDULE OF ESTIMATED USEFUL LIVES OF AMORTIZATION Categories Estimated useful life Distribution channel 4 Others 5
SCHEDULE OF DISAGGREGATION REVENUE	The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE 2022 2021 2022 2021 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Sales of wine $ 1,203,484 $ 617,568 $ 1,833,946 $ 1,396,788 Sales of water 808,648 1,027,651 1,338,092 1,728,146 Sales of oil - 81,120 - 217,117 Sales of water purifier 310,807 99,005 395,548 127,453 Others 13,520 - 30,683 - Total $ 2,336,459 $ 1,825,344 $ 3,598,269 $ 3,469,504	The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE For the years ended December 31, 2021 December 31, 2020 Sales of wine $ 3,098,070 $ 2,704,662 Sales of water 3,653,171 1,297,554 Sales of oil 515,273 493,284 Others 755,309 510,194 Total $ 8,021,823 $ 5,005,694

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE	Accounts receivable consisted of the following as of December 31, 2021 and 2020: SCHEDULE OF ACCOUNTS RECEIVABLE 2021 2020 Accounts receivable (including $ 43,477 239,468 $ 2,662,168 $ 2,468,038 Less: Allowance for doubtful accounts - - Account receivable, net $ 2,662,168 $ 2,468,038

PREPAYMENTS AND OTHER CURRENT_2

PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Prepayments And Other Current Assets
SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS	Prepayments and other current assets consisted of the following as of June 30, 2022 and December 31, 2021 SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS June 30, December 31, Prepayments (including $ 2,059,668 1,813,904 $ 2,428,473 $ 2,169,095 Other current assets 8,845 7,618 Prepayments and other receivables $ 2,437,318 $ 2,176,713	Prepayments and other current assets consisted of the following as of December 31, 2021 and 2020: SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS 2021 2020 Prepayments (including $ 1,813,904 298,383 $ 2,169,095 $ 376,746 Other current assets 7,618 7,062 Prepayments and other current assets $ 2,176,713 $ 383,808

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and equipment consisted of the following as of June 30, 2022 and December 31, 2021 SCHEDULE OF PROPERTY AND EQUIPMENT June 30, December 31, Office equipment $ 114,866 $ 113,995 Leasehold improvement 126,386 126,386 Property and equipment 241,252 240,381 Less: Accumulated depreciation (123,189 ) (99,987 ) Property and equipment, net $ 118,063 $ 140,394	Property and equipment consisted of the following as of December 31, 2021 and 2020: SCHEDULE OF PROPERTY AND EQUIPMENT 2021 2020 Office equipment $ 113,995 $ 69,158 Leasehold improvement 126,386 54,146 Property and equipment 240,381 123,304 Less: Accumulated depreciation (99,987 ) (75,489 ) Property and equipment, net $ 140,394 $ 47,815

BUSINESS COMBINATION AND GOOD_2

BUSINESS COMBINATION AND GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED	The purchase price was allocated on the acquisition date of Xixingdao as follows: SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED Account and other receivables $ 305,866 Inventories 79,332 Other net assets (12,884 ) Distribution channel 3,145,260 Due to related party (135,080 ) Noncontrolling interest (549,033 ) Goodwill 6,940,530 Total purchase price $ 9,773,991
SCHEDULE OF BUSINESS ACQUISITION PRO FORMA INFORMATION	The following unaudited pro forma information presents the combined results of operations for the years ended December 31, 2020 and 2019 as if the acquisition of Xixingdao had occurred as of January 1, 2020 and May 31, 2019, the inception date of Xixingdao. These unaudited pro forma results are presented for informational purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the Company consummated the acquisition on January 1, 2020 or May 31, 2019, nor are they indicative of future results of operations: SCHEDULE OF BUSINESS ACQUISITION PRO FORMA INFORMATION 2020 2019 For the years ended December 31 2020 2019 Pro forma net revenues $ 5,327,633 $ 853,926 Pro forma net loss 3,634,335 159,007 Pro forma net loss attributable to Fortune Valley Treasures, Inc. 3,243,848 180,882

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	Intangible assets and related accumulated amortization were as follows : SCHEDULE OF INTANGIBLE ASSETS June 30, 2022 December 31, 2021 Distributor channel $ 3,215,190 $ 3,389,404 Others 27,870 22,299 Total intangible assets 3,243,060 3,411,703 Less: Accumulated amortization (1,475,323 ) (1,129,913 ) Total $ 1,767,737 $ 2,281,790	Intangible assets and related accumulated amortization were as follows: SCHEDULE OF INTANGIBLE ASSETS 2021 2020 Distributor channel $ 3,389,404 $ 3,299,329 Others 22,299 4,105 Total intangible assets 3,411,703 3,303,434 Less: Accumulated amortization (1,129,913 ) (274,944 ) Total $ 2,281,790 $ 3,028,490
SCHEDULE OF FUTURE AMORTIZATION EXPENSES FOR DISTRIBUTION CHANNELS	As of June 30 SCHEDULE OF FUTURE AMORTIZATION EXPENSES FOR DISTRIBUTION CHANNELS Year ending December 31, 2022 (remaining) $ 404,686 2023 809,371 2024 541,439 2025 5,574 2026 5,574 Thereafter 1,093 Total $ 1,767,737	As of December 31, 2021, the future estimated amortization costs for distribution channel are as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSES FOR DISTRIBUTION CHANNELS 2022 (remaining) 2022 $ 847,351 2023 847,351 2024 564,901 2025 564,901 2026 Thereafter - Total $ 2,259,603

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION	The components of the income tax provision are as follows: SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION Six Months Ended Six Months Ended Current: – United States of America $ 45,562 $ 79,096 – Seychelles - - – Hong Kong - - – The PRC 58,359 83,526 Current income tax expense Deferred – United States of America - - – Seychelles - - – Hong Kong - - – The PRC - - Deferred income tax expense Total $ 103,921 $ 162,622	The components of the income tax provision are as follows: SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION 2021 2020 Current: – United States of America $ 20,071 $ 46,621 – Seychelles - - – Hong Kong - - – The PRC 228,766 260,307 Deferred – United States of America - - – Seychelles - - – Hong Kong - - – The PRC - - Total $ 248,837 $ 306,928
SCHEDULE OF UNITED STATES AND FOREIGN INCOME LOSS BEFORE INCOME TAXES		A summary of United States and foreign income (loss) before income taxes was composed of the following: SCHEDULE OF UNITED STATES AND FOREIGN INCOME LOSS BEFORE INCOME TAXES 2021 2020 Income (loss) attributed to PRC operations $ 3,109,080 $ (2,861,595 ) Income (loss) attributed to Seychelles and Hong Kong (444 ) 873 Loss attributed to U.S. (896,330 ) (479,703 ) Income (loss) before tax $ 2,212,306 $ (3,340,425 )
SCHEDULE OF EFFECTIVE INCOME TAX RATE		The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows for the years ended December 31, 2021 and 2020: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2021 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % Higher rates in PRC, net - % - % Reconciling items, net operating losses in PRC and other jurisdictions, election to not recognize tax asset - % - % Income tax difference under different tax jurisdictions 7.2 % -3.9 % PRC tax exemption for qualified small-scale and low-profit enterprises -36.8 % 17.7 % Valuation allowance on deferred income tax assets 2.5 % -1.5 % Amortization of intangible asset and impairment of goodwill not deductible for tax purposes 7.9 % -36.8 % Impact of GILTI 9.4 % -4.4 % Others - % -1.3 % The Company’s effective tax rate 11.2 % -9.2 %
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS		The significant components of deferred taxes of the Company are as follows: SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS As of December 31, 2021 December 31, 2020 Deferred tax assets: Net operating loss carry forwards $ - $ - -United States - - -Hong Kong - - -PRC 55,457 54,598 Gross deferred tax assets 55,457 54,598 Less: valuation allowance (55,457 ) (54,598 ) Total deferred tax assets, net $ - $ -

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES	Amounts due from related party as of June 30, 2022 and December 31, 2021 SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES June 30, 2022 December 31, 2021 Mr. Deqin Ke Manager of a subsidiary $   - $ 26,364 Due from related parties $ - $ 26,364 Amounts due to related parties as of June 30, 2022 and December 31, 2021 June 30, 2022 December 31, 2021 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director $ 336,204 $ 344,218 Ms. Xiulan Zhou Manager of a subsidiary 1,384 1,157 Mr. Huagen Li Manager of a subsidiary 2,388 2,518 Mr. Guodong Jia Manager of a subsidiary 1,748 944 Mr. Minghua Cheng Former director and majority shareholder - 157,353 Mr. Hongwei Ye Manager of a subsidiary, Shareholder 16 17 Mr. Anping Chen Manager of a subsidiary 1,045 6,924 Mr. Jiangwei Jia Manager of a subsidiary 950 787 Ms. Xiuyun Wang Manager of a subsidiary - 6,020 Mr. Yuwen Li Vice President 11,972 70,745 Shenzhen DaXingHuaShang Industry Development Ltd. Mr. Yumin Lin is the supervisor of Shenzhen DaXingHuaShang Industry Development Ltd. 89,560 93,298 Mr. Deqin Ke Manager of a subsidiary 746 - Mr. Zhihua Liao Manager of a subsidiary 1,249 - Ms. Chunxiang Zhang Manager of a subsidiary 2,239 - Mr. Xue Meng Manager of a subsidiary 2,564 - Ms. Shuqin Chen Manager of a subsidiary 2,239 - Ms. Jinlan Liu Mr. Minghua Cheng’s wife 37,317 - Due to related parties $ 491,621 $ 683,981	Amounts due from related parties as of December 31, 2021 and 2020 are as follows: SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES 2021 2020 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director $ - $ 45,662 Mr. Kaihong Lin Chief Financial Officer and Treasurer - 215,973 Ms. Xiulan Zhou Manager of a subsidiary, Mr. Yumin Lin’s wife - 360,273 Mr. Huagen Li Manager of a subsidiary - 123,456 Mr. Zhipeng Zuo Manager of a subsidiary - 133,658 Ms. Shuqin Chen Manager of a subsidiary - 105,784 Mr. Deqin Ke Manager of a subsidiary 26,364 - $ 26,364 $ 984,806 Amounts due to related parties as of December 31, 2021 and 2020 are as follows: 2021 2020 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director $ 344,218 $ - Ms. Xiulan Zhou Manager of a subsidiary 1,157 - Mr. Huagen Li Manager of a subsidiary 2,518 - Mr. Guodong Jia Manager of a subsidiary 944 - Mr. Minghua Cheng Director and majority shareholder of the Company 157,353 - Mr. Hongwei Ye Manager of a subsidiary, Shareholder of the Company 17 - Mr. Anping Chen Manager of a subsidiary 6,924 - Mr. Jiangwei Jia Manager of a subsidiary 787 - Ms. Xiuyun Wang Manager of a subsidiary 6,020 1,483 Mr. Yuwen Li Vice President 70,745 292,024 Shenzhen DaXingHuaShang Industry Development Ltd. Mr. Yumin Lin is the supervisor of Shenzhen DaXingHuaShang Industry Development Ltd. 93,298 3,063 Ms. Lihua Li Mr. Yuwen Li’s wife - 677 Mr. Zihao Ye Manager of a subsidiary - 12,958 Mr. Weihua Zuo Manager of a subsidiary - 2,298 Mr. Deqin Ke Manager of a subsidiary - 9,274 Mr. Shengpin Liu Manager of a subsidiary - 306 Mr. Aisheng Zhang Manager of a subsidiary - 3,063 Mr. Zhihua Liao Manager of a subsidiary - 12,254 $ 683,981 $ 337,400
SCHEDULE OF REVENUE GENERATED FROM RELATED PARTIES	Revenues generated from related parties during the six months ended June 30, 2022 SCHEDULE OF REVENUE GENERATED FROM RELATED PARTIES 2022 2021 For the six months ended June 30, 2022 2021 Mr. Kaihong Lin Chief Financial Officer and Treasurer $ 652 $ 160 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director 438 302 Mr. Zihao Ye Manager of a subsidiary 262 76 Mr. Naiyong Luo Manager of a subsidiary - 5,742 Mr. Hongwei Ye Manager of a subsidiary, Shareholder - 5,933 Ms. Xiulan Zhou Manager of a subsidiary, Mr. Yumin Lin’s wife - 51 Dongguan City Chashan Pingfeng Cigarette and Wine Store Co., Ltd. Mr. Taiping Deng, a manager of a subsidiary, is the controlling shareholder of Dongguan City Chashan Pingfeng Cigarette and Wine Store Co., Ltd. - 60,762 Dongguan Zhengui Reality Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Dongguan Zhengui Reality Co., Ltd. - 132,334 Dongguan Huanhai Trading Co., Ltd. Mr. Hongwei Ye, a shareholder of the Company and a manager of a subsidiary, is the controlling shareholder of Dongguan Huanhai Trading Co., Ltd. 13,553 13,805 Guangdong Yuexin Jiaotong Construction Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Guangdong Yuexin Jiaotong Construction Co., Ltd. 7,581 98,818 Dongguan City Hualianguan Chemical Co., Ltd. Mr. Hongwei Ye, a shareholder of the Company and a manager of a subsidiary, is the controlling shareholder of Dongguan City Hualianguan Chemical Co., Ltd. 19,009 - Dongguan City Daying Internet Technology Co., Ltd. Mr. Minghua Cheng, a former director and majority shareholder of the Company, is the controlling shareholder of Dongguan City Daying Internet Technology Co., Ltd. - 57,496 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company - 13,205 Revenues generated from related parties $ 41,495 $ 388,684	Revenues generated from related parties during the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF REVENUE GENERATED FROM RELATED PARTIES 2021 2020 Mr. Yuwen Li Vice President $ - $ 627 Mr. Kaihong Lin Chief Financial Officer and Treasurer 407 51 Mr. Yumin Lin President, Chief Executive Officer, Secretary, Director 389 332 Ms. Xiulan Zhou Manager of a subsidiary, Mr. Yumin Lin’s wife 63 42 Mr. Zihao Ye Manager of a subsidiary 108 442 Mr. Naiyong Luo Manager of a subsidiary 5,759 6,434 Mr. Hongwei Ye Manager of a subsidiary, Shareholder of the Company 6,820 1,225 Shenzhen DaXingHuaShang Industry Development Ltd Mr. Yumin Lin is the supervisor of Shenzhen DaXingHuaShang Industry Development Ltd. - 1,257 Shenzhen DaXingHuaShang Supplychain Service Co., Ltd. Subsidiary of Shenzhen DaXingHuaShang Industry Development Ltd. - 269,552 Guangdong Shuiyijia Distribution Co., Ltd. Ms. Lihua Li is the supervisor of this company 19,619 149 Dongguan Chashan Pingfeng Cigarate and Wine Co., Ltd. Mr. Taiping Deng, a manager of a subsidiary, is the controlling shareholder of Dongguan ChaShan Pingfeng Cigarate and Wine Co. Ltd. 99,119 - Dongguan Huanhai Trading Co., Ltd. Mr. Weihong Ye, a manager of a subsidiary, is the controlling shareholder of Dongguan Huanhai Trading Co., Ltd. 104,663 45,262 Dongguan Hualian Guanhua Gong Co., Ltd. Mr. Weihong Ye, a manager of a subsidiary, is the controlling shareholder of Dongguan Hualian Guanhua Gong Co., Ltd. 57,671 21,534 Dongguan Daying Internet Technology Co., Ltd. Mr. Minghua Cheng, a director of the Company, is the controlling shareholder of Dongguan Daying Internet Technology Co., Ltd. 132,737 - Dongguan Zhengui Reality Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Dongguan Zhengui Reality Co., Ltd. 54,730 71,428 Guangdong Yuexin Jiaotong Construction Co., Ltd. Mr. Naiyong Luo, a manager of a subsidiary, is the controlling shareholder of Guangdong Yuexin Jiaotong Construction Co., Ltd. - 15,267 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company - 76,573 Dongguan Anxiang Technology Co., Ltd. Significantly influenced by the Company - 86,131 Guangdong Jiaduonuo Shengshi Trading Co., Ltd. Significantly influenced by the Company - 86,374 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company - 87,364 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 13,245 73,784 $ 495,330 $ 843,828
SCHEDULE OF COST REVENUES FROM RELATED PARTIES		Cost of revenues from related parties during the years ended December 31, 2021 and 2020 is as follows: SCHEDULE OF COST REVENUES FROM RELATED PARTIES 2021 2020 Significantly influenced by the Company $ 56,598 $ 57,426 Guangfong Jiaduonuo Shengshi Tradong Co., Ltd. Significantly influenced by the Company 109,936 21,641 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company 124,896 75,274 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 99,502 29,122 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 89,475 38,116 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 113,893 86,802 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 69,676 - $ 663,976 $ 308,381
SCHEDULE OF PURCHASES FROM RELATED PARTIES		Purchases from related parties during the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF PURCHASES FROM RELATED PARTIES 2021 2020 Significantly influenced by the Company $ 184,099 $ 64,035 Guangfong Jiaduonuo Shengshi Tradong Co., Ltd. Significantly influenced by the Company 168,066 24,774 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company 79,685 32,425 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 63,483 9,857 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 57,086 73,843 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 72,664 48,852 Dongguan Dengqinghu Drinking Water Store Significantly influenced by the Company 9,483 12,394 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 44,454 25,507 $ 679,020 $ 291,687
SCHEDULE OF COST REVENUES FROM RELATED PARTIES	Cost of revenues from related parties during the six months ended June 30, 2022 and 2021 is as follows: SCHEDULE OF COST REVENUES FROM RELATED PARTIES 2022 2021 For the six months ended June 30, 2022 2021 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company $ 15,899 $ 70,815 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 43,759 24,540 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 33,836 20,662 Dongguan Dengqinghu Drinking Water Co., Ltd. Significantly influenced by the Company 1,475 7,855 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 34,519 26,328 Dongguan Anxiang Technology Co., Ltd. Significantly influenced by the Company 64,639 57,935 Guangdong Jiaduonuo Shengshi Trading Co., Ltd. Significantly influenced by the Company 64,565 52,065 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 16,312 10,143 Dongguan City Yijia Trading Co., Ltd. Mr. Yongming Li, a shareholder of the Company, is the controlling shareholder of Dongguan City Yijia Trading Co., Ltd. 111,376 - Cost of revenues from related parties $ 386,380 $ 270,343
SCHEDULE OF PURCHASES FROM RELATED PARTIES	Purchases from related parties during the six months ended June 30, 2022 and 2021 are as follows: SCHEDULE OF PURCHASES FROM RELATED PARTIES 2022 2021 For the six months ended June 30, 2022 2021 Dongguan Baxi Food Distribution Co., Ltd. Significantly influenced by the Company $ 19,406 $ 55,839 Dongguan Dalingshan Xinwenhua Drinking Water Store Significantly influenced by the Company 56,842 19,131 Dongguan Pengqin Drinking Water Co., Ltd. Significantly influenced by the Company 37,266 19,368 Dongguan Dengqinghu Drinking Water Store Significantly influenced by the Company 1,659 8,393 Dongguan Tailai Trading Co., Ltd. Significantly influenced by the Company 33,634 34,460 Dongguan Anxiang Technology Co., Ltd. Significantly influenced by the Company 66,220 69,883 Guangdong Jiaduonuo Shengshi Trading Co., Ltd. Significantly influenced by the Company 69,407 45,365 Dongguan Dalingshan Runxin Drinking Water Store Significantly influenced by the Company 16,374 14,082 Dongguan City Yijia Trading Co., Ltd. Mr. Yongming Li, a shareholder of the Company, is the controlling shareholder of Dongguan City Yijia Trading Co., Ltd. 48,579 - Purchase from related party $ 349,387 $ 266,521

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION	The components of lease expense and supplemental cash flow information related to leases for the six months ended June 30, 2022 and 2021 are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION 2022 2021 Operating lease cost (included in general and administrative expenses in the Company’s unaudited condensed consolidated statements of operations) For the six months ended 2022 2021 Related parties $ 11,347 $ 23,307 Non-related parties 74,009 42,666 Total $ 85,356 $ 65,973 Other information for the six months ended June 30, 2022 June 30, 2021 Cash paid for amounts included in the measurement of lease obligations $ 78,215 $ 72,024 Weighted average remaining lease term (in years) 3.55 4.26 Weighted average discount rate 3.23 % 3.23 %	The components of lease expense and supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION Operating lease cost (included in general and administrative expenses in the Company’s consolidated statements of operations) for the years ended December 31, December 31, Related parties $ 32,677 $ 100,302 Non-related parties 118,315 15,197 Other information for the years ended December 31, December 31, 2020 Cash paid for amounts included in the measurement of lease obligations $ 151,586 $ 57,115 Weighted average remaining lease term (in years) 3.82 3.48 Weighted average discount rate 3.23 % 3.23 %
SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS	Maturities of the Company’s lease obligations as of June 30, 2022 are as follows: SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS Year ending December 31, 2022 (remaining) $ 74,148 2023 111,468 2024 82,081 2025 78,242 2026 44,039 Thereafter 5,971 Total lease payment 395,949 Less: Imputed interest (20,421 ) Operating lease obligations $ 375,528	Maturities of the Company’s lease obligations as of December 31, 2021 are as follows: SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS Year ending December 31, 2022 $ 163,885 2022 (remaining) $ 74,148 2023 118,279 2024 87,001 2025 82,482 2026 46,426 Thereafter 6,294 Total lease payment 504,367 Less: Imputed interest (29,570 ) Operating lease obligations $ 474,797

BANK AND OTHER BORROWINGS (Tabl

BANK AND OTHER BORROWINGS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES	The balance of the loans borrowed as of June 30, 2022 and December 31, 2021 were as follows: SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES June 30, December 31, 2021 Loan from a trust in PRC $ 23,030 $ 67,438 China Construction Bank 285,098 143,192 WeBank 73,314 78,795 Aggregate outstanding principal balances $ 381,442 $ 289,425 Less: current portion 208,012 101,207 Non-current portion $ 173,430 $ 188,218	The balance of the loans borrowed as of December 31, 2021 and 2020 were as follows: SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES December 31, 2021 December 31, 2020 Bank loan from the trust in PRC $ 67,438 $ 114,879 China Construction Bank 143,192 - WeBank 78,795 139,387 Aggregate outstanding principal balances $ 289,425 $ 254,266 Less: current portion 101,207 - Non-current portion $ 188,218 $ 254,266
SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS	Future minimum loan payments as of June 30, 2022 are as follows: SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS Year ending December 31, 2022 (remaining) $ 29,315 2023 344,975 2024 7,152 Thereafter - Total $ 381,442

ORGANIZATION & DESCRIPTION OF_3

ORGANIZATION & DESCRIPTION OF BUSINESS (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES	As of June 30, 2022, details of the Company’s major subsidiaries were as follows: SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd (“FLTT”) September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 202 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food PRC Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”) June 7, 2021 Xixingdao Trading of primary agricultural products, household appliances and plastic products PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding PRC	SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation DIGLS July 4, 2016 FVTI Investment holding Republic of Seychelles DILHK June 22, 2016 DIGLS Investment holding Hong Kong, PRC QHDX November 3, 2016 DILHK Investment holding PRC FVTL May 31, 2011 QHDX Trading of food and platform PRC JJGS August 17, 2017 FVTI Investment holding Republic of Seychelles JJHK August 24, 2017 JJGS Investment holding Hong Kong, PRC JJSZ November 16, 2018 JJHK Trading of food PRC Xixingdao August 28, 2019 QHDX Drinking water distribution and delivery PRC Dongguan City Fu La Tu Trade Ltd September 27, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Gu Trade Ltd (“FXGT”) December 2, 2020 FVTL Trading of alcoholic beverages PRC Dongguan City Fu Xin Technology Ltd (“FXTL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”) December 21, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jing Technology Ltd (“FJTL”) November 17, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Xiang Technology Ltd (“FGTL”) November 16, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”) November 9, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Lai Food Ltd (“FLFL”) September 27, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Yi Beverage Ltd (“FYBL”) November 12, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Tai Food Trade Ltd (“FTFL”) October 23, 2020 Xixingdao Drinking water distribution and delivery PRC Dongguan City Fu Jia Drinking Water Ltd (“FJWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Sheng Drinking Water Ltd (“FSWL”) March 29, 2021 Xixingdao Sales of agriculture products, household electric appliances and food. PRC Dongguan City Fu Xi Drinking Water Ltd (“FXWL”) March 17, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Shenzhen City Fu Jin Trading Technology Ltd (“FJSTL”) June 7, 2021 Xixingdao Sales of agriculture products, household electric appliances, plastic products and software development PRC Dongguan City Fu Li Trading Ltd (“FLTL”) September 10, 2021 Xixingdao Sales of agriculture products, household electric appliances and plastic products. PRC Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”) September 13, 2021 QHDX Supply chain service, sales of food and health products, machinery, plastic products, and investment holding. PRC
SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION	Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION 2022 2021 As of and for the six months ended June 30, 2022 2021 Period-end RMB:US$1 exchange rate 0.14927 0.15483 Period-average RMB:US$1 exchange rate 0.15451 0.15451	SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION December 31, 2021 December 31,2020 Spot RMB: USD exchange rate $ 0.15735 $ 0.15317 Average RMB: USD exchange rate $ 0.15499 $ 0.14496
SCHEDULE OF DISAGGREGATION REVENUE	The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE 2022 2021 2022 2021 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Sales of wine $ 1,203,484 $ 617,568 $ 1,833,946 $ 1,396,788 Sales of water 808,648 1,027,651 1,338,092 1,728,146 Sales of oil - 81,120 - 217,117 Sales of water purifier 310,807 99,005 395,548 127,453 Others 13,520 - 30,683 - Total $ 2,336,459 $ 1,825,344 $ 3,598,269 $ 3,469,504	The following table provides information about disaggregated revenue based on revenue by product types: SCHEDULE OF DISAGGREGATION REVENUE For the years ended December 31, 2021 December 31, 2020 Sales of wine $ 3,098,070 $ 2,704,662 Sales of water 3,653,171 1,297,554 Sales of oil 515,273 493,284 Others 755,309 510,194 Total $ 8,021,823 $ 5,005,694

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) $ in Millions

3 Months Ended

6 Months Ended

12 Months Ended

Jan. 06, 2021 USD ($)

Jan. 06, 2021 HKD ($)

Jun. 22, 2020 shares

Mar. 01, 2019 USD ($) shares

Apr. 11, 2018 shares

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2020 HKD ($)

Stock Issued During Period, Value, Acquisitions

$ 9,773,989

Net Income (Loss) Attributable to Parent

$ 747,733

$ 414,475

$ 896,409

$ 719,729

$ 1,779,736

(3,255,564)

Jiujiu Group Stock Co., Ltd [Member]

Ownership percentage

100%

DaXingHuaShang Investment Group Limited [Member]

Business combination, consideration transferred

$ 12,000,000

Net Income (Loss) Attributable to Parent

$ 600,000

$ 5

$ 400,000

$ 3

DaXingHuaShang Investment Group Limited [Member] | DaXingHuaShang Investment (Hong Kong) Limited [Member]

Ownership percentage

70%

70%

Share Exchange Agreement [Member] | DaXingHuaShang Investment Group Limited [Member]

Stock Issued During Period, Shares, New Issues | shares

15,000,000

Sale And Purchase Agreement [Member] | Jiujiu Group Stock Co., Ltd [Member]

Stock Issued During Period, Shares, Acquisitions | shares

5

Ownership percentage

100%

Stock Issued During Period, Value, Acquisitions

$ 150

Sale And Purchase Agreement [Member] | Jiujiu Group Stock Co., Ltd [Member]

Stock Issued During Period, Shares, Acquisitions | shares

5

Stock Issued During Period, Value, Acquisitions

$ 150

Xixingdao Agreement [Member] | Qianhai DaXingHuaShang Investment (Shenzhen) Co., Ltd [Member]

Ownership percentage

90%

Xixingdao Agreement [Member] | QHDX [Member]

Stock Issued During Period, Shares, Acquisitions | shares

243,134

SCHEDULE OF ENTITIES AND ITS SU

SCHEDULE OF ENTITIES AND ITS SUBSIDIARIES (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
DIGLS [Member]
Entity Name	DIGLS	DIGLS
Date of Incorporation	Jul. 04, 2016	Jul. 04, 2016
Nature of Operation	Investment holding	Investment holding
Place of Incorporation	Republic of Seychelles	Republic of Seychelles
DILHK [Member]
Entity Name	DILHK	DILHK
Date of Incorporation	Jun. 22, 2016	Jun. 22, 2016
Nature of Operation	Investment holding	Investment holding
Place of Incorporation	Hong Kong, PRC	Hong Kong, PRC
QHDX [Member]
Entity Name	QHDX	QHDX
Date of Incorporation	Nov. 03, 2016	Nov. 03, 2016
Nature of Operation	Investment holding	Investment holding
Place of Incorporation	PRC	PRC
FVTL [Member]
Entity Name	FVTL	FVTL
Date of Incorporation	May 31, 2011	May 31, 2011
Nature of Operation	Trading of food and platform	Trading of food and platform
Place of Incorporation	PRC	PRC
JJGS [Member]
Entity Name	JJGS	JJGS
Date of Incorporation	Aug. 17, 2017	Aug. 17, 2017
Nature of Operation	Investment holding	Investment holding
Place of Incorporation	Republic of Seychelles	Republic of Seychelles
JJHK [Member]
Entity Name	JJHK	JJHK
Date of Incorporation	Aug. 24, 2017	Aug. 24, 2017
Nature of Operation	Investment holding	Investment holding
Place of Incorporation	Hong Kong, PRC	Hong Kong, PRC
JJSZ [Member]
Entity Name	JJSZ	JJSZ
Date of Incorporation	Nov. 16, 2018	Nov. 16, 2018
Nature of Operation	Trading of food	Trading of food
Place of Incorporation	PRC	PRC
Xixingdao [Member]
Entity Name	Xixingdao	Xixingdao
Date of Incorporation	Aug. 28, 2019	Aug. 28, 2019
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu La Tu Trade Ltd ("FLTT") [Member]
Entity Name	Dongguan City Fu La Tu Trade Ltd (“FLTT”)	Dongguan City Fu La Tu Trade Ltd
Date of Incorporation	Sep. 27, 2020	Sep. 27, 2020
Nature of Operation	Trading of alcoholic beverages	Trading of alcoholic beverages
Place of Incorporation	PRC	PRC
Dongguan City Fu Xin Gu Trade Ltd ("FXGT") [Member]
Entity Name	Dongguan City Fu Xin Gu Trade Ltd (“FXGT”)	Dongguan City Fu Xin Gu Trade Ltd (“FXGT”)
Date of Incorporation	Dec. 02, 2020	Dec. 02, 2020
Nature of Operation	Trading of alcoholic beverages	Trading of alcoholic beverages
Place of Incorporation	PRC	PRC
Dongguan City Fu Xin Technology Ltd ("FXTL") [Member]
Entity Name	Dongguan City Fu Xin Technology Ltd (“FXTL”)	Dongguan City Fu Xin Technology Ltd (“FXTL”)
Date of Incorporation	Nov. 12, 2020	Nov. 12, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Guan Healthy Industry Technology Ltd ("FGHL") [Member]
Entity Name	Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”)	Dongguan City Fu Guan Healthy Industry Technology Ltd (“FGHL”)
Date of Incorporation	Dec. 21, 2020	Dec. 21, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Jing Technology Ltd ("FJTL") [Member]
Entity Name	Dongguan City Fu Jing Technology Ltd (“FJTL”)	Dongguan City Fu Jing Technology Ltd (“FJTL”)
Date of Incorporation	Nov. 17, 2020	Nov. 17, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Xiang Technology Ltd ("FGTL") [Member]
Entity Name	Dongguan City Fu Xiang Technology Ltd (“FGTL”)	Dongguan City Fu Xiang Technology Ltd (“FGTL”)
Date of Incorporation	Nov. 16, 2020	Nov. 16, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Ji Food & Beverage Ltd ("FJFL") [Member]
Entity Name	Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”)	Dongguan City Fu Ji Food & Beverage Ltd (“FJFL”)
Date of Incorporation	Nov. 09, 2102	Nov. 09, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Lai Food Ltd ("FLFL") [Member]
Entity Name	Dongguan City Fu Lai Food Ltd (“FLFL”)	Dongguan City Fu Lai Food Ltd (“FLFL”)
Date of Incorporation	Sep. 27, 2020	Sep. 27, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Yi Beverage Ltd (“FYDL”) [Member]
Entity Name	Dongguan City Fu Yi Beverage Ltd (“FYBL”)	Dongguan City Fu Yi Beverage Ltd (“FYBL”)
Date of Incorporation	Nov. 12, 2020	Nov. 12, 2020
Nature of Operation	Drinking water distribution and delivery	Drinking water distribution and delivery
Place of Incorporation	PRC	PRC
Dongguan City Fu Tai Food Trade Ltd (“FTFL”) [Member]
Entity Name		Dongguan City Fu Tai Food Trade Ltd (“FTFL”)
Date of Incorporation		Oct. 23, 2020
Nature of Operation		Drinking water distribution and delivery
Place of Incorporation		PRC
Dongguan City Fu Jia Drinking Water Ltd (“FJDL”) [Member]
Entity Name		Dongguan City Fu Jia Drinking Water Ltd (“FJWL”)
Date of Incorporation		Mar. 29, 2021
Nature of Operation		Sales of agriculture products, household electric appliances and food.
Place of Incorporation		PRC
Dongguan City Fu Sheng Drinking Water Ltd (“FSDL”) [Member]
Entity Name		Dongguan City Fu Sheng Drinking Water Ltd (“FSWL”)
Date of Incorporation		Mar. 29, 2021
Nature of Operation		Sales of agriculture products, household electric appliances and food.
Place of Incorporation		PRC
Dongguan City Fu Xi Drinking Water Ltd (“FXDL”) [Member]
Entity Name		Dongguan City Fu Xi Drinking Water Ltd (“FXWL”)
Date of Incorporation		Mar. 17, 2021
Nature of Operation		Sales of agriculture products, household electric appliances and plastic products.
Place of Incorporation		PRC
Shenzhen City FuJin Trading Technology Ltd (“FJTL”) [Member]
Entity Name	Shenzhen Fu Jin Trading Technology Company Ltd (“FJSTL”)	Shenzhen City Fu Jin Trading Technology Ltd (“FJSTL”)
Date of Incorporation	Jun. 07, 2021	Jun. 07, 2021
Nature of Operation	Trading of primary agricultural products, household appliances and plastic products	Sales of agriculture products, household electric appliances, plastic products and software development
Place of Incorporation	PRC	PRC
Dongguan City Fuli Trading Ltd (“FLTL”) [Member]
Entity Name	Dongguan City Fu Li Trading Ltd (“FLTL”)	Dongguan City Fu Li Trading Ltd (“FLTL”)
Date of Incorporation	Sep. 10, 2021	Sep. 10, 2021
Nature of Operation	Sales of agriculture products, household electric appliances and plastic products	Sales of agriculture products, household electric appliances and plastic products.
Place of Incorporation	PRC	PRC
Guangdong Fugu Supply Chain Group Ltd (“FGSL”) [Member]
Entity Name		Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”)
FGGC [Member]
Entity Name	Guangdong Fu Gu Supply Chain Group Ltd (“FGGC”)
Date of Incorporation	Sep. 13, 2021	Sep. 13, 2021
Nature of Operation	Supply chain service, sales of food and health products, machinery, plastic products, and investment holding	Supply chain service, sales of food and health products, machinery, plastic products, and investment holding.
Place of Incorporation	PRC	PRC
F X W L [Member]
Entity Name	Dongguan City Fu Xi Drinking Water Company Ltd (“FXWL”)
Date of Incorporation	Mar. 17, 2021
Nature of Operation	Sales of agriculture products, household electric appliances and plastic products
Place of Incorporation	PRC
F J W L [Member]
Entity Name	Dongguan City Fu Jia Drinking Water Company Ltd (“FJWL”)
Date of Incorporation	Mar. 29, 2021
Nature of Operation	Sales of agriculture products, household electric appliances and food
Place of Incorporation	PRC
F S W L [Member]
Entity Name	Dongguan City Fu Sheng Drinking Water Company Ltd (“FSWL”)
Date of Incorporation	Mar. 29, 2021
Nature of Operation	Sales of agriculture products, household electric appliances and food
Place of Incorporation	PRC

SCHEDULE OF FOREIGN CURRENCY EX

SCHEDULE OF FOREIGN CURRENCY EXCHANGE RATE TRANSLATION (Details)	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Spot RMB [Member]
Offsetting Assets [Line Items]
Period-average RMB:US$1 exchange rate		0.15735		0.15317
Average RMB [Member]
Offsetting Assets [Line Items]
Period-average RMB:US$1 exchange rate		0.15499		0.14496
Period End R M B [Member]
Offsetting Assets [Line Items]
Period-average RMB:US$1 exchange rate	0.14927		0.15483
Period Average R M B [Member]
Offsetting Assets [Line Items]
Period-average RMB:US$1 exchange rate	0.15451		0.15451

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIVES OF EQUIPMENT (Details)	12 Months Ended
	Dec. 31, 2021
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of equipment	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of equipment	20 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of equipment	3 years

SCHEDULE OF ESTIMATED USEFUL _2

SCHEDULE OF ESTIMATED USEFUL LIVES OF AMORTIZATION (Details)	12 Months Ended
	Dec. 31, 2021
FXGT [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	4 years
Others [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years

SCHEDULE OF DISAGGREGATION REVE

SCHEDULE OF DISAGGREGATION REVENUE (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Total	$ 2,336,459	$ 1,825,344	$ 3,598,269	$ 3,469,504	$ 8,021,823	$ 5,005,694
Sales of Wine [Member]
Total	1,203,484	617,568	1,833,946	1,396,788	3,098,070	2,704,662
Sales of Water [Member]
Total	808,648	1,027,651	1,338,092	1,728,146	3,653,171	1,297,554
Sales of Oil [Member]
Total		81,120		217,117	515,273	493,284
Others [Member]
Total	13,520		30,683		$ 755,309	$ 510,194
Sales Of Water Purifier [Member]
Total	$ 310,807	$ 99,005	$ 395,548	$ 127,453

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)		3 Months Ended				4 Months Ended	6 Months Ended		10 Months Ended	11 Months Ended	12 Months Ended
	Apr. 30, 2019	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Apr. 30, 2018	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2019	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2018	Dec. 31, 2021 CNY (¥)
Cash provided by (used in) operating activities							$ (17,441)	$ 689,467			$ 457,142	$ (1,236,265)
Net income (loss)		$ 788,983	$ 175,959	$ 456,881	$ 335,574		964,942	792,455			1,963,469	(3,647,353)
Working capital											3,351,962
Goodwill, Impairment Loss							0	0				5,594,692
Contract with Customer, Liability, Current		255,980					255,980		$ 580,151		382,518	580,151
Contract with Customer, Liability											580,151
Sales and distribution expenses		$ 15,929		$ 19,604			$ 34,084	$ 47,158			89,416	23,191
Value added tax	13%					17%				16%
Statutory reserves											$ 636,898
Accounts Payable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk, Percentage											10%	10%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Two Suppliers [Member]
Concentration Risk, Percentage											10%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Three Suppliers [Member]
Concentration Risk, Percentage											10%
Minimum [Member]
Statuory reserve percentage											10%
Maximum [Member]
Statuory reserve percentage											50%
Maximum [Member] | China Deposit Insurance System [Member]
Cash, FDIC Insured Amount | ¥														¥ 500,000
VAT Small Taxpayers [Member]
Value added tax									1%			3%	3%

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts receivable (including $43,477 and $239,468 from related parties as of December 31, 2021 and 2020, respectively)	$ 2,704,902	$ 2,662,168	$ 2,468,038
Less: Allowance for doubtful accounts
Account receivable, net		$ 2,662,168	$ 2,468,038

SCHEDULE OF ACCOUNTS RECEIVAB_2

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts receivable related parties	$ 53,571	$ 43,477	$ 239,468

SCHEDULE OF PREPAYMENTS AND OTH

SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Prepayments And Other Current Assets
Prepayments (including $2,059,668 and $1,813,904 to related parties as of June 30, 2022 and December 31, 2021, respectively)	$ 2,428,473	$ 2,169,095	$ 376,746
Other current assets	8,845	7,618	7,062
Prepayments and other receivables	$ 2,437,318	$ 2,176,713	$ 383,808

SCHEDULE OF PREPAYMENTS AND O_2

SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS (Details) (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Prepayments And Other Current Assets
Prepaid assets related parties	$ 2,059,668	$ 1,813,904	$ 298,383
Prepaid Expense Related Parties	$ 2,059,668	$ 1,813,904

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment	$ 241,252	$ 240,381	$ 123,304
Less: Accumulated depreciation	(123,189)	(99,987)	(75,489)
Property and equipment, net	118,063	140,394	47,815
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	114,866	113,995	69,158
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 126,386	$ 126,386	$ 54,146

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 15,647	$ 10,194	$ 24,500	$ 22,590

SCHEDULE OF RECOGNIZED IDENTIFI

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details)	Dec. 31, 2021 USD ($)
Business Combination and Asset Acquisition [Abstract]
Account and other receivables	$ 305,866
Inventories	79,332
Other net assets	(12,884)
Distribution channel	3,145,260
Due to related party	(135,080)
Noncontrolling interest	(549,033)
Goodwill	6,940,530
Total purchase price	$ 9,773,991

SCHEDULE OF BUSINESS ACQUISITIO

SCHEDULE OF BUSINESS ACQUISITION PRO FORMA INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Combination and Asset Acquisition [Abstract]
Pro forma net revenues	$ 5,327,633	$ 853,926
Pro forma net loss	3,634,335	159,007
Pro forma net loss attributable to Fortune Valley Treasures, Inc.	$ 3,243,848	$ 180,882

BUSINESS COMBINATION AND GOOD_3

BUSINESS COMBINATION AND GOODWILL (Details Narrative) - USD ($)		6 Months Ended		12 Months Ended
	Aug. 31, 2020	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill, Impairment Loss		$ 0	$ 0		$ 5,594,692
Goodwill		$ 1,334,005		$ 1,406,289	1,368,915
Xixingdao [Member]
Business Acquisition [Line Items]
Equity interest percentage	90%
Purchase consideration	$ 9,773,989
Business acquisition, share issued	4,862,681
Goodwill, Impairment Loss					5,594,692
Goodwill					$ 1,368,915

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 3,243,060	$ 3,411,703	$ 3,303,434
Less: Accumulated amortization	(1,475,323)	(1,129,913)	(274,944)
Total	1,767,737	2,281,790	3,028,490
Distribution Channel [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	3,215,190	3,389,404	3,299,329
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 27,870	$ 22,299	$ 4,105

SCHEDULE OF FUTURE AMORTIZATION

SCHEDULE OF FUTURE AMORTIZATION EXPENSES FOR DISTRIBUTION CHANNELS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining)	$ 404,686
2023	809,371	$ 847,351
2024	541,439	847,351
2025	5,574	564,901
2026	5,574
Thereafter	1,093
Total	$ 1,767,737	$ 2,259,603

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization	$ 417,770	$ 416,030	$ 844,907	$ 260,205

SCHEDULE OF COMPONENTS OF INCOM

SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Total	$ 81,514	$ 96,267	$ 103,921	$ 162,622	$ 248,837	$ 306,928
UNITED STATES
Operating Loss Carryforwards [Line Items]
Current income tax expense			45,562	79,096	20,071	46,621
Deferred income tax expense
Seychelles [Member]
Operating Loss Carryforwards [Line Items]
Current income tax expense
Deferred income tax expense
HONG KONG
Operating Loss Carryforwards [Line Items]
Current income tax expense
Deferred income tax expense
People's Republic of China [Member]
Operating Loss Carryforwards [Line Items]
Current income tax expense			58,359	83,526	228,766	260,307
Deferred income tax expense

SCHEDULE OF UNITED STATES AND F

SCHEDULE OF UNITED STATES AND FOREIGN INCOME LOSS BEFORE INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Income (loss) before tax	$ 2,212,306	$ (3,340,425)
People's Republic of China [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before tax	3,109,080	(2,861,595)
Seychelles and Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Income (loss) before tax	(444)	873
UNITED STATES
Operating Loss Carryforwards [Line Items]
Income (loss) before tax	$ (896,330)	$ (479,703)

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%	21%
Higher rates in PRC, net
Reconciling items, net operating losses in PRC and other jurisdictions, election to not recognize tax asset
Income tax difference under different tax jurisdictions		7.20%	(3.90%)
PRC tax exemption for qualified small-scale and low-profit enterprises		(36.80%)	17.70%
Valuation allowance on deferred income tax assets		2.50%	(1.50%)
Amortization of intangible asset and impairment of goodwill not deductible for tax purposes		7.90%	(36.80%)
Impact of GILTI		9.40%	(4.40%)
Others			(1.30%)
The Company’s effective tax rate	25%	11.20%	(9.20%)

SCHEDULE OF COMPONENTS OF DEFER

SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards
Gross deferred tax assets	55,457	54,598
Less: valuation allowance	(55,457)	(54,598)
Total deferred tax assets, net
UNITED STATES
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards
HONG KONG
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards
People's Republic of China [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 55,457	$ 54,598

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)			6 Months Ended				12 Months Ended
	Jan. 17, 2019 USD ($)	Jan. 17, 2019 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 HKD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2021	Dec. 31, 2021 USD ($)	Dec. 31, 2021 HKD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
U.S federal income tax rate			21%	21%	21%		21%	21%	21%	21%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent			9.70%	9.70%	9.70%	17%
Effective income tax percentage			25%	25%	25%		11.20%	11.20%	11.20%	(9.20%)
People's Republic of China [Member]
Operating Loss Carryforwards [Line Items]
Effective income tax percentage	20%	20%	20%	20%	20%		25%	25%	25%
Income Tax Examination, Description	On January 17, 2019, the State Taxation Administration issued the notice on the scope of small-scale and low-profit corporate income tax preferential policies of the Ministry of Finance and the State Administration of Taxation, [2019] No. 13 for small-scale and low-profit enterprises whose annual taxable income is less than RMB1,000,000 (including RMB1,000,000), approximately $142,209, their income is reduced to 25% to the taxable income, and enterprise income tax is paid at 20% tax rate, which is essentially resulting in a favorable income tax rate of 5%. While for the portion of annual taxable income exceeding RMB1,000,000, approximately $142,209, but not more than RMB3,000,000, approximately $426,627, the income is reduced to 50% to the taxable income, and enterprise income tax is paid at 20% tax rate, which is essentially resulting in a favorable income tax rate of 10%. The qualifications of small-scale and low-profit enterprises were examined annually by the Tax Bureau. All of the Company’s PRC subsidiaries met the criteria of small-scale and low-profit enterprises	On January 17, 2019, the State Taxation Administration issued the notice on the scope of small-scale and low-profit corporate income tax preferential policies of the Ministry of Finance and the State Administration of Taxation, [2019] No. 13 for small-scale and low-profit enterprises whose annual taxable income is less than RMB1,000,000 (including RMB1,000,000), approximately $142,209, their income is reduced to 25% to the taxable income, and enterprise income tax is paid at 20% tax rate, which is essentially resulting in a favorable income tax rate of 5%. While for the portion of annual taxable income exceeding RMB1,000,000, approximately $142,209, but not more than RMB3,000,000, approximately $426,627, the income is reduced to 50% to the taxable income, and enterprise income tax is paid at 20% tax rate, which is essentially resulting in a favorable income tax rate of 10%. The qualifications of small-scale and low-profit enterprises were examined annually by the Tax Bureau. All of the Company’s PRC subsidiaries met the criteria of small-scale and low-profit enterprises
Other income	$ 142,209				¥ 1,000,000				¥ 10,000
Deduction for taxable income	50%	50%	25%	25%	25%
Favorable income tax rate	10%	10%	5%	5%	5%
People's Republic of China [Member] | Tax Year 2021 [Member]
Operating Loss Carryforwards [Line Items]
Effective income tax percentage			2.50%	2.50%	2.50%
Other income			$ 142,209		¥ 1,000,000
People's Republic of China [Member] | Tax Year 2022 [Member]
Operating Loss Carryforwards [Line Items]
Effective income tax percentage			5%	5%	5%
Other income			$ 426,627		¥ 3,000,000
People's Republic of China [Member] | Maximum [Member]
Operating Loss Carryforwards [Line Items]
Other income	$ 426,627	¥ 3,000,000
People's Republic of China [Member] | Maximum [Member] | Tax Year 2022 [Member]
Operating Loss Carryforwards [Line Items]
Other income			$ 142,209		¥ 1,000,000
Up To HK$2,000,000 [Member] | Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent			8.25%	8.25%	8.25%		8.25%	8.25%	8.25%
Income tax assessable profit			$ 289,855	$ 2,000,000			$ 289,855	$ 2,000,000
Over HK$2,000,000 [Member] | Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent			16.50%	16.50%	16.50%		16.50%	16.50%	16.50%
Income tax assessable profit				$ 2,000,000				$ 2,000,000
25% to the Taxable Income [Member] | People's Republic of China [Member]
Operating Loss Carryforwards [Line Items]
Other income	$ 142,209		$ 142,209
25% to the Taxable Income [Member] | People's Republic of China [Member] | Maximum [Member]
Operating Loss Carryforwards [Line Items]
Effective income tax percentage	10%	10%
Other income	$ 426,627	¥ 3,000,000

SCHEDULE OF AMOUNT DUE FROM AND

SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Due from related parties		$ 26,364	$ 984,806
Due to related parties	491,621	683,981	337,400
Mr Yumin Lin [Member] | President Chief Executive Officer Secretary Director [Member]
Related Party Transaction [Line Items]
Due from related parties			45,662
Due to related parties	336,204	344,218
Mr. Kaihong Lin [Member] | Chief Financial Officer and Treasurer [Member]
Related Party Transaction [Line Items]
Due from related parties			215,973
Ms. Xiulan Zhou [Member] | Manager of a Subsidiary Ms Yumin Lins Wife [Member]
Related Party Transaction [Line Items]
Due from related parties			360,273
Ms. Xiulan Zhou [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	1,384	1,157
Mr. Huagen Li [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due from related parties			123,456
Due to related parties	2,388	2,518
Mr. Zhipeng Zuo [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due from related parties			133,658
Ms. Shuqin Chen [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	2,239
Ms. Shuqin Chen [Member] | Subsidiary Manager [Member]
Related Party Transaction [Line Items]
Due from related parties			105,784
Mr. Deqin Ke [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due from related parties		26,364
Due to related parties	746
Ms Huagen Li [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties		2,518
Guodong Jia [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties		944
Minghua Cheng [Member] | Director And Majority Shareholder Of The Company [Member]
Related Party Transaction [Line Items]
Due to related parties		157,353
Hongwei Ye [Member] | Manager Of A Subsidiary Shareholder Of The Company [Member]
Related Party Transaction [Line Items]
Due to related parties		17
Anping Chen [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties		6,924
Jiangwei Jia [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties		787
Xiuyun Wang [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties		6,020	1,483
Yuwen Li [Member] | Vice President [Member]
Related Party Transaction [Line Items]
Due to related parties		70,745	292,024
Shenzhen Da Xing Hua Shang Industry Development Ltd [Member] | Mr. Yumin Lin is the Supervisor of Shenzhen DaXingHuaShang Industry Development Ltd [Member]
Related Party Transaction [Line Items]
Due to related parties	89,560	93,298	3,063
Lihua Li [Member] | Mr. Yuwen Li's Wife [Member]
Related Party Transaction [Line Items]
Due to related parties			677
Zihao Ye [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties			12,958
Weihua Zuo [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties			2,298
Deqin ke [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties			9,274
Shengpin Liu [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties			306
Aisheng Zhang [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties			3,063
Zhihua Liao [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties			$ 12,254
Mr Guodong Jia [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	1,748	944
Mr Minghua Cheng [Member] | Former Director And Majority Shareholder Of The Company [Member]
Related Party Transaction [Line Items]
Due to related parties		157,353
Mr Hongwei Ye [Member] | Manager Of A Subsidiary Shareholder Of The Company [Member]
Related Party Transaction [Line Items]
Due to related parties	16	17
Mr Anping Chen [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	1,045	6,924
Mr Jiangwei Jia [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	950	787
Mr Xiuyun Wang [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties		6,020
Mr Yuwen Li [Member] | Vice President [Member]
Related Party Transaction [Line Items]
Due to related parties	11,972	70,745
Mr Zhihua Liao [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	1,249
Mr Chunxiang Zhang [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	2,239
Mr Xue Mang [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Due to related parties	2,564
Ms Jinlan Liu [Member] | Mr Minghua Chengs Wife [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 37,317

SCHEDULE OF REVENUE GENERATED F

SCHEDULE OF REVENUE GENERATED FROM RELATED PARTIES (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Revenues generated from related parties	$ 41,495	$ 388,684	$ 495,330	$ 843,828
Dongguan Huanhai Trading [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			104,663
Significantly Influenced By The Company [Member] | Dongguan Tailai Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		13,205
Taiping Deng [Member] | Dongguan City Chashan Ping Feng Cigarette And Wine Store Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		60,762
Mr Naiyong Luo [Member] | Dongguan Zhengui Reality Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		132,334
Mr Weihong Ye [Member] | Dongguan Huanhai Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties	13,553	13,805
Mr Naiyong Luo A Manager [Member] | Guangdong Yuexin Jiaotong Construction Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties	7,581	98,818
Mr Hongwei Ye Manager [Member] | Dongguan City Hualianguan Chemical Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties	19,009
Mr Minghua Cheng Manager [Member] | Dongguan City Daying Internet Technology Co Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		57,496
Mr Yumin Lin [Member] | Vice President [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				627
Mr Yumin Lin [Member] | President Chief Executive Officer Secretary Director [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties	438	302	389	332
Mr. Kaihong Lin [Member] | Chief Financial Officer and Treasurer [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties	652	160	407	51
Ms. Xiulan Zhou [Member] | Manager of a Subsidiary Ms Yumin Lins Wife [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			63	42
Mr Zihao Ye [Member] | Manager of a Subsidiary Ms Yumin Lins Wife [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			108	442
Mr Zihao Ye [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties	262	76
Mr Naiyong Luo [Member] | Manager of a Subsidiary Ms Yumin Lins Wife [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			5,759	6,434
Mr Naiyong Luo [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		5,742
Mr Hongwei Ye [Member] | Manager of a Subsidiary Ms Yumin Lins Wife [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			6,820	1,225
Mr Hongwei Ye [Member] | Manager of a Subsidiary, Shareholder [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		5,933
Shenzhen Da Xing Hua Shang Industry Development Ltd [Member] | Mr. Yumin Lin is the Supervisor of Shenzhen DaXingHuaShang Industry Development Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				1,257
Shenzhen Da Xing Hua Shang Supply Chain Service Co Ltd [Member] | Subsidiary of Shenzhen Da Xing Hua Shang Industry Development Ltd [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				269,552
Guangdong Shuivijia Distribution Co Ltd [Member] | Lihua Li Supervisor [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			19,619	149
Dongguan Cha Shan Pingfeng [Member] | Manager of a Subsidiary, Shareholder [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			99,119
Dongguan Huanhai Trading [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				45,262
Dongguan Huaian Guanhua Gong [Member] | Manager of a Subsidiary, Shareholder [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			57,671
Dongguan Huaian Guanhua Gong [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				21,534
Dongguan Daying [Member] | Manager of a Subsidiary, Shareholder [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			132,737
Dongguan Daying [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties
Dongguan Zhengui [Member] | Manager of a Subsidiary, Shareholder [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			54,730
Dongguan Zhengui [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				71,428
Guangdong YuexinJiatong [Member] | Manager of a Subsidiary, Shareholder [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties
Guangdong YuexinJiatong [Member] | Manager of a Subsidiary [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				15,267
Dongguan Dalingshan Runxin Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				76,573
Dongguan Anxiang Technology Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				86,131
Guangdong Jiaduonuo Shengshi Trading Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				86,374
Dongguan Dalingshan Xinwenhua Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties				87,364
Dongguan Tailai Trading [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties			$ 13,245	$ 73,784
Xiu Lan Zhou [Member] | Mr Yumin Lins Wife [Member]
Related Party Transaction [Line Items]
Revenues generated from related parties		$ 51

SCHEDULE OF COST REVENUES FROM

SCHEDULE OF COST REVENUES FROM RELATED PARTIES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Cost of Revenue	$ 1,099,523	$ 797,524	$ 1,617,985	$ 1,527,267	$ 3,659,805	$ 1,673,367
Cost of revenue related parties					663,976	308,381
Cost of revenues from related parties			386,380	270,343
Dongguan Baxi Food Distribution Co Ltd [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			15,899	70,815
Dongguan Dalingshan Xinwenhua Drinking Water Store [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			43,759	24,540
Dongguan Pengqin Drinking Water Co Ltd [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			33,836	20,662
Dongguan Dengqinghu Drinking Water Store [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			1,475	7,855
Dongguan Tailai Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			34,519	26,328
Dongguan Anxiang Technology Co Ltd [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			64,639	57,935
Guangdong Jiaduonuo Shengshi Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			64,565	52,065
Dongguan Dalingshan Runxin Drinking Water Store [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			16,312	10,143
Dongguan City Yijia Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Cost of revenues from related parties			$ 111,376
Dongguan Anxiang Technology Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					56,598	57,426
Guangfong Jiaduonuo Shengshi Tradong Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					109,936	21,641
Dongguan Baxi Food Distribution Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					124,896	75,274
Dongguan Dalingshan Xinwenhua Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					99,502	29,122
Dongguan Pengqin Drinking Water Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					89,475	38,116
Dongguan Tailai Trading Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					113,893	86,802
Dongguan Dalingshan Runxin Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Cost of Revenue					$ 69,676

SCHEDULE OF PURCHASES FROM RELA

SCHEDULE OF PURCHASES FROM RELATED PARTIES (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Purchases from related parties			$ 679,020	$ 291,687
Purchase from related party	$ 349,387	$ 266,521
Dongguan Baxi Food Distribution Co Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related party	19,406	55,839
Dongguan Dalingshan Xinwenhua Drinking Water Store [Member]
Related Party Transaction [Line Items]
Purchase from related party	56,842	19,131
Dongguan Pengqin Drinking Water Co Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related party	37,266	19,368
Dongguan Dengqinghu Drinking Water Store [Member]
Related Party Transaction [Line Items]
Purchase from related party	1,659	8,393
Dongguan Tailai Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related party	33,634	34,460
Dongguan Anxiang Technology Co Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related party	66,220	69,883
Guangdong Jiaduonuo Shengshi Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related party	69,407	45,365
Dongguan Dalingshan Runxin Drinking Water Store [Member]
Related Party Transaction [Line Items]
Purchase from related party	16,374	14,082
Dongguan City Yijia Trading Co Ltd [Member]
Related Party Transaction [Line Items]
Purchase from related party	$ 48,579
Dongguan Anxiang Technology Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			184,099	64,035
Guangfong Jiaduonuo Shengshi Tradong Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			168,066	24,774
Dongguan Baxi Food Distribution Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			79,685	32,425
Dongguan Dalingshan Xinwenhua Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			63,483	9,857
Dongguan Pengqin Drinking Water Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			57,086	73,843
Dongguan Tailai Trading Co Ltd [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			72,664	48,852
Dongguan Dengqinghu Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			9,483	12,394
Dongguan Dalingshan Runxin Drinking Water Store [Member] | Significantly Influenced By The Company [Member]
Related Party Transaction [Line Items]
Purchases from related parties			$ 44,454	$ 25,507

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Related Party Transaction [Member]
Related Party Transaction [Line Items]
Related parties paid expenses	$ 38,627	$ 293,862	$ 344,218

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 85,356	$ 65,973
Cash paid for amounts included in the measurement of lease obligations	$ 78,215	$ 72,024	$ 151,586	$ 57,115
Weighted average remaining lease term (in years)	3 years 6 months 18 days	4 years 3 months 3 days	3 years 9 months 25 days	3 years 5 months 23 days
Operating Lease, Weighted Average Discount Rate, Percent	3.23%	3.23%	3.23%	3.23%
Related Parties [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 11,347	$ 23,307	$ 32,677	$ 100,302
Non-Related Parties [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 74,009	$ 42,666	$ 118,315	$ 15,197

SCHEDULE OF MATURITIES OF LEASE

SCHEDULE OF MATURITIES OF LEASE OBLIGATIONS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
2023	$ 111,468	$ 163,885
2022 (remaining)	74,148	74,148
2024	82,081	118,279
2025	78,242	87,001
2026	44,039	82,482
2026		46,426
Thereafter		6,294
Total lease payment	395,949	504,367
Less: Imputed interest	(20,421)	(29,570)
Operating lease obligations	375,528	474,797
Thereafter	5,971
Total lease payment	$ 395,949	$ 504,367

OPERATING LEASES (Details Narra

OPERATING LEASES (Details Narrative)			6 Months Ended		12 Months Ended
	Feb. 28, 2022 USD ($)	Feb. 28, 2022 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 USD ($)
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Operating lease description			the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 3 months to 58 months.	the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 3 months to 58 months.	the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 9 months to 64 months	the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 9 months to 64 months
Operating Lease, Expense					$ 150,992		$ 115,499
Operating Lease Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Operating lease description					The agreement covers the period from September 27, 2020 to September 30, 2023	The agreement covers the period from September 27, 2020 to September 30, 2023
Payments for Rent					$ 139	¥ 960
Qingmei Lin [Member] | Operating Lease Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Operating lease description			The agreement covers the period from January 1, 2019 to April 30, 2027 with	The agreement covers the period from January 1, 2019 to April 30, 2027 with	The agreement covers the period from January 1, 2019 to April 30, 2027 with the monthly rent expense of RMB	The agreement covers the period from January 1, 2019 to April 30, 2027 with the monthly rent expense of RMB
Payments for Rent			$ 1,545	¥ 10,000	$ 1,450	¥ 10,000
Hongwei Ye [Member] | Operating Lease Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Payments for Rent			$ 148	¥ 960
Shenzhen Industry Development Ltd [Member] | Operating Lease Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Payments for Rent	$ 4,349	¥ 30,000

SCHEDULE OF BALANCE OF LOAN BOR

SCHEDULE OF BALANCE OF LOAN BORROWED UNDER CREDIT LINES (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Aggregate outstanding principal balances		$ 289,425	$ 254,266
Less: current portion	$ 208,012	101,207
Non-current portion	173,430	188,218	254,266
Aggregate outstanding principal balances	381,442	289,425	254,266
Non-current portion	173,430	188,218	254,266
Bank Loan From The Trust In PRC [Member]
Line of Credit Facility [Line Items]
Aggregate outstanding principal balances		67,438	114,879
Aggregate outstanding principal balances	23,030	67,438
China Construction Bank [Member]
Line of Credit Facility [Line Items]
Aggregate outstanding principal balances		143,192
Aggregate outstanding principal balances	285,098	143,192
We Bank [Member]
Line of Credit Facility [Line Items]
Aggregate outstanding principal balances		78,795	$ 139,387
Aggregate outstanding principal balances	$ 73,314	$ 78,795

BANK AND OTHER BORROWINGS (Deta

BANK AND OTHER BORROWINGS (Details Narrative)				1 Months Ended				3 Months Ended		6 Months Ended		12 Months Ended
	May 31, 2022 USD ($)	May 28, 2022 CNY (¥)	Dec. 11, 2021 USD ($)	Nov. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Aug. 31, 2020 USD ($)	Jul. 31, 2020 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	May 31, 2022 CNY (¥)	Dec. 11, 2021 CNY (¥)	Nov. 30, 2021 CNY (¥)	May 28, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Aug. 31, 2020 CNY (¥)	Jul. 31, 2020 CNY (¥)
Line of Credit Facility [Line Items]
Interest expense								$ 4,864	$ 5,934	$ 10,689	$ 9,487	$ 17,816	$ 14,325
Interest Expense, Debt										$ 10,689	$ 9,487	17,816	14,325
Related Party Transaction [Member]
Line of Credit Facility [Line Items]
Interest expense												$ 12,789
Hua Hui (Shenzhen) Education Management Ltd [Member]
Line of Credit Facility [Line Items]
Principal amount							$ 199,000													¥ 1,300,000
Interest rate							The loan bears interest at the rate of 0.7% per month.
Interest expense					$ 12,789
Principal amount							$ 199,000													¥ 1,300,000
China Construction Bank [Member]
Line of Credit Facility [Line Items]
Principal amount	$ 149,000					$ 139,000								¥ 1,000,000					¥ 910,000
Interest rate	interest at 4.45%.					interest at the base Loan Prime Rate of 3.85% plus 0.4%.
Maturity date	May 26, 2023					Jul. 21, 2023
Principal amount	$ 149,000					$ 139,000								1,000,000					¥ 910,000
Huaneng Guicheng Trust Co., Ltd [Member]
Line of Credit Facility [Line Items]
Principal amount				$ 79,000	$ 115,000								115,000		¥ 500,750			¥ 750,000
Interest rate					interest at the base Loan Prime Rate of 3.85% plus 8.75%.
Maturity date					Dec. 21, 2022
Principal amount				79,000	$ 115,000								$ 115,000		500,750			¥ 750,000
Shenzhen Qianhai Webank Co Ltd [Member]
Line of Credit Facility [Line Items]
Principal amount	$ 24,000	¥ 69,000	$ 79,000	$ 79,000										161,000	500,750	¥ 500,000	$ 10,000
Interest rate	interest at 11.34%	interest at 11.34%	interest at 10.71%.
Maturity date	May 21, 2024	May 21, 2024	Dec. 21, 2023	Dec. 11, 2021
Debt bearing interest rate				3.60%												3.60%
Principal amount	$ 24,000	¥ 69,000	$ 79,000	$ 79,000										¥ 161,000	¥ 500,750	¥ 500,000	$ 10,000

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	3 Months Ended
	Mar. 31, 2021	Jun. 30, 2022	Dec. 31, 2021	Oct. 21, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, par value				$ 0.001
Stockholders' Equity, Reverse Stock Split	1-for-20
Common stock, shares authorized		150,000,000	150,000,000	150,000,000		150,000,000
Common Stock, Shares, Outstanding		15,655,038	15,655,038		313,098,220	15,655,038
Common Stock, Shares, Issued		15,655,038	15,655,038		313,098,220	15,655,038
Share price		$ 0.001
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, par value							$ 0.001
Common Stock, Shares, Outstanding							15,655,038
Common Stock [Member] | Prior Reverse Stock Split [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Shares, Outstanding							313,098,220

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)				3 Months Ended	6 Months Ended		12 Months Ended
	Jul. 21, 2022 USD ($)	Jul. 13, 2022 USD ($)	Jul. 08, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jul. 21, 2022 CNY (¥)	Jul. 13, 2022 CNY (¥)	Jul. 08, 2022 CNY (¥)
Subsequent Event [Line Items]
Repayments of Related Party Debt					$ 154,510	$ 1,529,556	$ 684,784	$ 920,457
Subsequent Event [Member]
Subsequent Event [Line Items]
Due to Related Parties				$ 382,646
Repayments of Related Party Debt				167,003
Due from Related Parties				$ 148,430
Interest rate description	interest at 12.6%	interest at 14.4%	interest at 14.4%
Maturity date	Jul. 21, 2024	Jul. 13, 2024	Jul. 08, 2024
Subsequent Event [Member] | Webank Co Ltd [Member]
Subsequent Event [Line Items]
Principal amount		$ 23,000	$ 15,000							¥ 153,000	¥ 99,000
Subsequent Event [Member] | Guangdong Nanyue Bank Co Ltd [Member]
Subsequent Event [Line Items]
Principal amount		$ 53,000	$ 34,000							¥ 357,000	¥ 231,000
Subsequent Event [Member] | Huaneng Guicheng [Member]
Subsequent Event [Line Items]
Principal amount	$ 57,000								¥ 380,000

SCHEDULE OF FUTURE MINIMUM LOAN

SCHEDULE OF FUTURE MINIMUM LOAN PAYMENTS (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
2022 (remaining)	$ 29,315
2023	344,975
2024	7,152
Thereafter
Total	$ 381,442	$ 289,425	$ 254,266

ORGANIZATION & DESCRIPTION OF_4

ORGANIZATION & DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)			6 Months Ended		12 Months Ended
	Mar. 01, 2019	Apr. 11, 2018	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Jan. 06, 2022	Jun. 22, 2021
Value of shares issued for acquisition						$ 9,773,989
Impairment of goodwill			$ 0	$ 0		5,594,692
Contract with customer advance			255,980		$ 382,518	$ 580,151
Amount of customer advances in opening balance			$ 314,780
Jiujiu Group Stock Co., Ltd [Member]
Ownership percentage	100%
DaXingHuaShang Investment Group Limited [Member]
Ownership percentage							70%
Share Exchange Agreement [Member] | DaXingHuaShang Investment Group Limited [Member]
Stock issued during period, shares, new Issues		15,000,000
Sale And Purchase Agreement [Member] | Jiujiu Group Stock Co., Ltd [Member]
Number of shares exchanged	5
Ownership percentage	100%
Value of shares issued for acquisition	$ 150
Xixingdao Agreement [Member] | QHDX [Member]
Ownership percentage								90%