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Intangible Assets, net | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets Disclosure [Text Block] | Note 7 - Intangible Assets, net The Company acquired a customer relationship with a fair value of $50,000 on August 31, 2011, as part of its acquisition of Diamond Bar. Concurrently with its acquisition of Diamond Bar, the Company entered into a trademark purchase and assignment agreement for all rights, title and interest in two trademarks (Diamond Sofa and Diamond Furniture) for $200,000 paid in full at the closing. Amortization of said customer relationship and the trademarks is provided using the straight-line method and estimated lives were 5 years each. The Company acquired a customer relationship with a fair value of $6,100,559 on April 24, 2013, as part of its acquisition of Bright Swallow. Amortization of said customer relationship is provided using the straight-line method and its estimated life was 15 years. Intangible assets consisted of the following as of December 31, 2019 and 2018:
|  | 2019 |  |  | 2018 |
Customer relationship |  | $ | 50,000 |  |  | $ | 50,000 |
Trademarks |  |  | 200,000 |  |  |  | 200,000 |
Less: accumulated amortization |  |  | (250,000 | ) |  |  | (250,000 | )
|  | $ | - |  |  | $ | - |
Amortization of intangible assets from continuing operations was $0 for the years ended December 31, 2019 and 2018. Amortization of intangible assets from discontinued operations was $406,704 and $406,704 for the years ended December 31, 2019 and 2018, respectively. Impairment on intangible assets from continuing operations was $0 for the years ended December 31, 2019 and 2018. The Company recorded impairment on its intangible assets from its discontinued operations $3,389,200 and $0 for the years ended December 31, 2019 and 2018, respectively. During the year ended December 31, 2019, as a result of lower-than-expected revenue performance of Bright Swallow, management determined the carrying amount of customer relationship was no longer recoverable. The unamortized customer relationship of $3,389,200 was fully impaired. The impairment of customer relationship was not deductible for income tax purposes and, therefore, the Company did not record a corresponding tax benefit in 2019.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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