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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (873,317) $ (713,622)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 13,940 11,420
Stock-based compensation 8,550 5,626
Other non-cash income and expenses (553)
Loss on investment in equity securities 66,205 38,567
Deferred tax (48,028) (96,132)
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable (116,334) 2,835
Decrease (increase) in prepaid expenses and deposits 29,237 (5,642)
Decrease (increase) in other receivable 39,005
Decrease (increase) in due from related parties 1,252 19,594
Decrease (increase) in inventory 797 584
Increase (decrease) in accounts payable (37,353)
Increase (decrease) in accrued expenses and other current liabilities 305,214 137,288
Increase (decrease) in due to related parties 11,857 73,972
Net cash used in operating activities (599,528) (525,510)
Cash flows from investing activities    
Long-term equity investment (17,801)
Net cash used in investing activities (17,801)
Cash flows from financing activities    
Issuance of common stock for acquisition 531,147
Net proceeds from short-term bank loan 1,000,000
Net proceeds from short-term borrowing from third-parties 312,824
Borrowings from related parties 312,660 50,000
Repayment of borrowings from related parties (460,000) (13,087)
Repayment of bank loans (10,016)
Net cash provided by financing activities 1,373,791 349,737
Effect of exchange rate changes on cash and cash equivalents (1,809) (40)
Net increase (decrease) in cash, cash equivalents, and restricted cash equivalents 754,653 (175,813)
Cash, cash equivalents, and restricted cash equivalents    
Beginning 226,688 350,257
Ending 981,341 174,444
Cash paid during the year for:    
Income tax 1,250 1,850
Interest expense $ 26,592 $ 66,914