XML 84 R65.htm IDEA: XBRL DOCUMENT v3.21.1
Equity (Details) - USD ($)
 1 Months Ended 12 Months Ended
Oct. 21, 2020
Mar. 02, 2020
Feb. 25, 2020
Feb. 14, 2020
Jun. 08, 2017
Mar. 21, 2016
Aug. 07, 2015
Oct. 07, 2013
Aug. 31, 2016
Apr. 28, 2016
Aug. 20, 2014
Dec. 29, 2011
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2016
Apr. 27, 2016
Equity (Details) [Line Items]                                  
Purchase of common shares (in Dollars)         $ 6,250,000                        
Subscription receivable (in Dollars)                               $ 1,492,538  
Common stock, par value (in Dollars per share)         $ 0.021848                        
Consulting expenses (in Dollars)                             $ 835,999    
Registered direct offering, description   we consummated a third registered direct offering of 612,500 Class A Common Shares and a concurrent private placement of warrants to purchase up to 612,500 Class A Common Shares with the same accredited investors. The purchase price per Class A Common Share in this registered direct offering was $5.60 per share. The warrants sold in the third concurrent private placement are exercisable for a period of five and one-half years upon issuance, at an initial exercise price of $5.60 per share, subject to anti-dilution protections. we consummated a second registered direct offering of 437,500 Class A Common Shares and a concurrent private placement of warrants to purchase up to 437,500 Class A Common Shares with the same accredited investors. The purchase price per Class A Common Share in the second registered direct offering was $5.60. The warrants sold in the second concurrent private placement are exercisable for a period of five and one-half years upon issuance, at an initial exercise price of $5.60 per share, subject to anti-dilution protections. the Company consummated a registered direct offering of 323,750 Class A Common Shares and a concurrent private placement of warrants to purchase up to 323,750 Class A Common Shares with certain accredited investors. The purchase price per Class A Common Share in the registered direct offering was $6.80. The warrants sold in the concurrent private placement are exercisable for a period of five and one-half years upon issuance, at an initial exercise price of $6.80 per share, which was thereafter adjusted to $4.9912, subject to full ratchet anti-dilution protection.                          
Share combination, description the Company completed a share combination of its common shares at a ratio of one-for-eight, which decreased the Company’s outstanding Class A common shares from 17,685,475 shares to 2,210,683 shares and the Company’s outstanding Class B common shares from 11,111,111 shares to 1,388,888 shares. This share combination also decreased the Company’s authorized shares to 6,250,000 common shares of par value of US$0.021848 each, of which 4,736,111 are designated as Class A common shares and 1,513,889 are designated as Class B common shares.                                
Statutory surplus reserve                         10.00%        
Percentage of reserve                         50.00%        
Remaining statutory surplus reserve                         25.00%        
Options exercise price (in Dollars per share)                         $ 4.15        
Options exercised, shares                             5,000    
Cash purchase, shares                             1,000    
Aggregate consideration (in Dollars)                         $ 7,192,537        
Compensation expenses (in Dollars)                         0 $ 69,176 $ 247,134    
Unrecognized share based compensation expense (in Dollars)                                
Security Purchase Agreement [Member]                                  
Equity (Details) [Line Items]                                  
Purchase of common shares (in Dollars)                 $ 20,000,000                
Common Stock [Member]                                  
Equity (Details) [Line Items]                                  
Common shares issued                             25,000    
Consulting expenses (in Dollars)                           $ 179,112 $ 108,888    
Management and advisory services term, description                             period of 12 months up to August 15, 2019    
Fair value of shares                             288,000    
Chen Ping [Member]                                  
Equity (Details) [Line Items]                                  
Options exercise price (in Dollars per share)                     $ 42.48            
Employee Stock Option [Member]                                  
Equity (Details) [Line Items]                                  
Option expiry term                         10 years        
Issued aggregate options           72,608 43,625 11,750     16,375 56,250          
Options exercise price (in Dollars per share)           $ 15.04 $ 13.12 $ 18.40       $ 11.60          
Options vesting, description           options vest in equal annual installments over the two years of the agreements ending March 20, 2018. options vest in equal annual installments over the two years of the agreements ending August 6, 2017. options vest in equal annual installments over the five years of the agreement ending October 6, 2018.     options vest in equal annual installments over the five years of the agreement ending August 19, 2019. options vest in equal annual installments over the five years of the agreements ending December 28, 2016.          
Consultant [Member] | Common Stock [Member]                                  
Equity (Details) [Line Items]                                  
Common shares issued                             34,375    
Common shares issued, description                             The 34,375 common shares were issued in two tranches including 17,187 common shares issued on February 21, 2018 and 17,188 common shares issued on March 5, 2018. The fair value of the 34,375 common shares was $835,999, which was calculated based on the grant date stock price of $25.44 on February 21, 2018 and of $23.20 on March 5, 2018.    
Option [Member]                                  
Equity (Details) [Line Items]                                  
Options exercised, shares                             1,375    
Cash purchase, shares                             1,375    
Aggregate consideration (in Dollars)                             $ 17,851    
Hangzhou Lianluo [Member]                                  
Equity (Details) [Line Items]                                  
Restricted common shares                   1,388,888              
Aggregate Value (in Dollars)                   $ 20,000,000              
Purchase price (in Dollars per share)                   $ 14.40             $ 10.64
Percentage of premium                   35.00%              
Common Stock Class A [Member]                                  
Equity (Details) [Line Items]                                  
Common stock, shares authorized                         4,736,111 4,736,111      
Common stock, par value (in Dollars per share)                         $ 0.021848 $ 0.021848      
Common stock, par value (in Dollars per share)         $ 0.021848                        
Common shares issued         4,736,111               1,373,750        
Common stock shares issued                         2,210,683 836,933      
Common stock, shares outstanding                         2,210,683 836,933      
Issued aggregate options                             2,375    
Aggregate consideration (in Dollars)                         $ 30,014        
Common Stock Class A [Member] | LLIT is authorized [Member]                                  
Equity (Details) [Line Items]                                  
Common stock, shares authorized                         4,736,111        
Common stock, par value (in Dollars per share)                         $ 0.021848        
Common Stock Class B [Member]                                  
Equity (Details) [Line Items]                                  
Common stock, shares authorized                         1,513,889 1,513,889      
Common stock, par value (in Dollars per share)                         $ 0.021848 $ 0.021848      
Common stock, par value (in Dollars per share)         $ 0.021848                        
Common shares issued         1,513,889                      
Common stock shares issued                         1,388,888 1,388,888      
Common stock, shares outstanding                         1,388,888 1,388,888      
Issued aggregate options                                
Aggregate consideration (in Dollars)                                
Common Stock Class B [Member] | LLIT is authorized [Member]                                  
Equity (Details) [Line Items]                                  
Common stock, shares authorized                         1,513,889