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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities    
Net (loss) income $ (8,600,724) $ 5,299,625
Net (loss) income from discontinued operations (2,464,044) 40,300
Net (loss) income from continuing operations (6,136,680) 5,259,325
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 36,486 37,679
Amortization of operating lease right-of-use assets 474,291 0
Deferred tax benefit 436,449 (117,488)
Stock compensation expense 369,247 1,194,759
Changes in bad debt allowance (220,853) 13,241
Write-down of inventories 3,605,748 0
Changes in operating assets and liabilities:    
Accounts receivable 66,423,276 (13,753,400)
Advance to suppliers (18,199,695) (1,418,544)
Inventories (26,959,301) 3,448
Operating lease liabilities (440,507) 0
Other current assets (88,607) 49,551
Accounts payable (3,728,008) 2,511,373
Advance from customers (18,859) 25,483
Accrued liabilities and other payables (498,457) (28,590)
Taxes payable (984,627) (848,479)
Net Cash Provided by (Used in) Continuing Operations 14,069,903 (7,071,642)
Net Cash Provided by Discontinued Operations 815,343 189,318
Net Cash Provided by (Used in) Operating Activities 14,885,246 (6,882,324)
Cash Flows From Investing Activities    
Purchase of property and equipment (25,902) (27,529)
Net Cash Used in Continuing Operations (25,902) (27,529)
Net Cash Used in Investing Activities (25,902) (27,529)
Cash Flows From Financing Activities    
Proceeds from line of credit and bank loan 17,512,205 67,576,418
Repayment to line of credit and bank loan (23,760,366) (65,530,374)
Proceeds from the exercise of options for common stocks 0 31,501
Purchase of the treasury stock (616,193) 0
Net Cash (Used in) Provided by Continuing Operations (6,864,354) 2,077,545
Net Cash (Used in) Provided by Financing Activities (6,864,354) 2,077,545
Net increase (decrease) in cash and cash equivalents 7,994,990 (4,832,308)
Cash and cash equivalents, beginning of year 890,408 5,722,716
Cash and cash equivalents, ending of year 8,885,398 890,408
Cash paid during the years for:    
Income tax payments 799,220 227,200
Interest expense 64,286 173,128
Cash paid during the years for:    
Income tax payments 0 0
Interest expense 0 0
Analysis of cash and cash equivalents    
Included in cash and cash equivalents per consolidated balance sheets 7,423,198 243,551
Included in assets of discontinued operations $ 1,462,200 $ 646,857