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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net loss $ (10,031,756) $ (581,864)
Net (loss) income from discontinued operations (326,531) 1,078,361
Net loss from continuing operations (9,705,225) (1,660,225)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 42,805 27,548
Inventories write-down 7,767,910 0
Amortization of operating lease right-of-use assets 437,461 27,529
Deferred tax benefit (117,952) 436,449
Stock compensation expense 143,049 451,724
Changes in bad debt allowance 2,429 (214,610)
Changes in operating assets and liabilities:    
Accounts receivable (242,947) 58,906,375
Advance to suppliers 27,507,384 (26,290,956)
Inventories (26,501,478) (18,974,127)
Operating lease liabilities (422,511) 0
Other current assets (243,402) (291,141)
Accounts payable 179,675 (3,687,892)
Advance from customers 27,452 (16,783)
Accrued liabilities and other payables 59,570 (449,219)
Taxes payable (26,105) (1,005,567)
Net Cash (Used in) Provided by Continuing Operations (1,091,885) 7,259,105
Net Cash Provided by Discontinued Operations 0 455,167
Net Cash (Used in) Provided by Operating Activities (1,091,885) 7,714,272
Cash Flows From Investing Activities    
Cash received from sales of subsidiary, net of cash disposed of 1,037,800 0
Purchase of property and equipment (360,084) (25,902)
Net Cash Provided by (Used in) Continuing Operations 677,716 (25,902)
Net Cash Provided by Discontinued Operations 0 0
Net Cash Provided by (Used in) Investing Activities 677,716 (25,902)
Cash Flows From Financing Activities    
Proceeds from line of credit and bank loan 0 17,512,205
Repayment to line of credit and bank loan 0 (23,760,366)
Proceeds from other loans 466,096 0
Repurchase of treasury stock 0 (515,455)
Net Cash Provided by (Used in) Continuing Operations 466,096 (6,763,616)
Net Cash Provided by Discontinued Operations 0 0
Net Cash Provided by (Used in) Financing Activities 466,096 (6,763,616)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 413,290 0
Net increase in cash and cash equivalents 465,217 924,754
Cash and cash equivalents, beginning of period 8,885,398 890,408
Cash and cash equivalents, ending of year 9,350,615 1,815,162
Analysis of cash and cash equivalents    
Included in cash and cash equivalents per consolidated balance sheets 9,350,615 713,138
Included in assets of discontinued operations 0 1,102,024
Cash and cash equivalents, ending of year 9,350,615 1,815,162
Cash paid during period for:    
Income tax payments 55,000 800,000
Interest expense 6,188 38,606
Non-cash financing activities:    
Operating lease assets obtained in exchange for operating lease obligation 0 0
Cash paid during period for:    
Income tax payments 0 0
Interest expense $ 0 $ 0