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Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Cash and cash equivalents		$	1,462,200
Accounts receivable, net			969,841
Advance to suppliers			609,935
Accounts payable			(948	)
Advance from customers			(126,916	)
Accrued liabilities and other payables			(2,553	)
Income tax payable			(85,028	)
Net assets of Bright Swallow upon disposal			2,826,531
Cash received as of September 30, 2020			(2,500,000	)
Loss on disposal of subsidiary		$	(326,531	)

		For the nine months ended								For the three months ended
		September 30, 2020				September 30, 2019				September 30, 2020				September 30, 2019
Sales		$	-			$	5,118,229			$	-			$	1,632,554
Cost of sales			-				(4,742,345	)			-				(1,627,566	)
Operating expenses			-				(308,165	)			-				(102,264	)
Other expense, net			-				(890	)			-				(622	)
Loss on disposal of subsidiary			(326,531	)			-				-				-
(Loss) Income before income taxes			(326,531	)			66,829				-				(97,898	)
Income tax benefit			-				1,011,532				-				-
(Loss) income from discontinued operations		$	(326,531	)		$	1,078,361			$	-			$	(97,898	)

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- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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