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Intangible Assets, net | 9 Months Ended
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Sep. 30, 2020
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 September 30, 2020 and December 31, 2019:
|  | September 30, 2020 |  |  | December 31, 2019 |
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 nine and three months ended September 30, 2020 and 2019. Amortization of intangible assets from discontinued operations was $0 and $305,028 for the nine months ended September 30, 2020 and 2019, respectively; and $0 and $101,676 for the three months ended September 30, 2020 and 2019, respectively.

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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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