v3.20.2

Fixed Assets (Tables) | 6 Months Ended
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Jun. 30, 2020
Property, Plant and Equipment [Abstract] |
Schedule of Net Book Value of Fixed Assets | Following table reflects net book value of furniture and equipment as of June 30, 2020 and December 31, 2019:
|  | Furniture and Equipment |
Useful Life |  | 3 to 10 years |
Cost |  |  |  |
Balance as at December 31, 2019 |  | $ | 46,447 |
Addition during the period |  |  | 1,626 |
Disposals during the period |  |  | (5,763 | )
Translation rate differences |  |  | (2,583 | )
Balance as at June 30, 2020 |  | $ | 39,727 |
Accumulated depreciation |  |  |  |
Balance as at December 31, 2019 |  | $ | 42,775 |
Depreciation expense for the period – continuing operations |  |  | 1,249 |
Disposals during the period |  |  | (5,499 | )
Translation rate differences |  |  | (2,497 | )
Balance as at June 30, 2020 |  | $ | 36,029 |
Net book value as at June 30, 2020 |  | $ | 3,698 |
Net book value as at December 31, 2019 |  | $ | 3,672 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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