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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Taxes Payable [Table Text Block]

Taxes payable consisted of the following at December 31, 2019 and 2018:

		2019				2018
Income tax payable - current		$	22,055			$	584,874
Income tax payable – noncurrent		$	1,833,286			$	2,255,094

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The (benefit) provision for income taxes on income (loss) from continuing operations consisted of the following:

		2019				2018
Current:
Federal		$	(187,807	)		$	(623,679	)
State			2,400				2,400
			(185,407	)			(621,279	)
Deferred:
Federal			194,007				(41,138	)
State			242,442				(76,350	)
			436,449				(117,488	)
Total provision (benefit) for income taxes		$	251,042			$	(738,767	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the difference between the actual (benefit) provision for income taxes and the (benefit) provision computed by applying the federal statutory rate on income before income taxes from continuing operations:

		2019				2018
Tax at federal statutory rate		$	(1,235,984	)		$	949,384
Foreign rate differential			(2,922	)			2,922
ASC 740-10 uncertain tax position			(230,322	)			(798,156	)
Tax exemption			(388,742	)			(1,148,552	)
Global Intangible Low-Taxed Income			420,444				574,510
Stock based compensation			18,473				(270,754	)
Tax Cut and Jobs Act			-				30,055
Others			(463,093	)			(78,176	)
Valuation allowance			2,133,188				-
Total provision (benefit) for income taxes		$	251,042			$	(738,767	)

Schedule of the Aggregate Dollar and per Share Effects of Tax Exemption [Table Text Block]

The following presents the aggregate dollar effects of the Company’s tax exemption from its continuing operations:

		2019				2018
Aggregate dollar effect of tax holiday		$	388,742			$	1,148,552

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred taxes are comprised of the following:

		2019				2018
Non-Current Deferred Tax Assets:
Accrued liabilities		$	18,464			$	108,250
Fed & CA amortization			24,529				26,481
Stock compensation			189,635				129,691
ASC 842 – lease liability			742,878				-
Inventory			994,986				-
U.S. NOL			1,025,078				196,430
Non-Current Deferred Tax Liabilities:
Prepaid expenses			-				(3,988	)
Fed & CA depreciation			(21,081	)			(20,415	)
ASC 842- ROU Asset			(733,555	)			-
Net Non-Current Deferred Tax Assets before Valuation Allowance			2,240,934				436,449
Less: Valuation Allowance			(2,240,934	)			-
Non-Current Deferred Tax Assets, Net:			-				436,449
Total Deferred Assets, Net:		$	-			$	436,449

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