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Variable Interest Entity (VIE) (Tables) (Superior Living SDN. BHD.)

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Accordingly, the accounts of SEA is consolidated in the accompanying unaudited condensed financial statements.

The carrying amount of the VIE’s assets and liabilities were as follows:

	March 31, 2020		December 31, 2019

Current liabilities:
Accounts payable	$	491,628	$	520,786
Other payables and accrued liabilities		3,408		4,896
Other payables - related party		346		993
Customer deposits		-		20,912
Taxes payable		37		40
Total current liabilities	$	495,419	$	547,627

The summarized operating results of the VIE’s are as follows:

	For the Three Months Ended March 31, 2020			For the Three Months Ended March 31, 2019

Operating revenues	$	9,581		$	448,401
Gross profit (loss)	$	190		$	(1,755	)
Loss from operations	$	(4,770	)	$	(7,133	)
Net loss	$	(4,803	)	$	(14,168	)

The carrying amount of the VIE’s assets and liabilities were as follows:

	December 31, 2019		December 31, 2018

Current liabilities:
Accounts payable	$	520,786	$	-
Other payables and accrued liabilities		4,896		978
Other payables - related party		993		984
Customer deposits		20,912		214,199
Taxes payable		40		26
Total current liabilities	$	547,627	$	216,187

The summarized operating results of the VIE’s are as follows: