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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of loss from discontinued operations |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
REVENUES |  | $ | 330,195 |  |  | $ | 756,838 |
COST OF SALES |  |  | 315,737 |  |  |  | 891,154 |
GROSS PROFIT |  |  | 14,459 |  |  |  | (134,316 | )
OPERATING EXPENSES: |  |  |  |  |  |  |  |
General and administrative |  |  | 2,994,965 |  |  |  | 10,308,627 |
Selling expenses |  |  | 172,449 |  |  |  | 174,097 |
Bad debt expenses |  |  | 3,026,472 |  |  |  |  |
Impairment loss |  |  | - |  |  |  | 133,631,129 |
Total |  |  | 6,193,885 |  |  |  | 144,113,852 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |
Interest income |  |  | 116 |  |  |  | - |
Interest expense |  |  | (7,300,070 | ) |  |  | (1,721,012 | )
other income (expenses) |  |  | 90,149 |  |  |  | 6,770,498 | )
Total |  |  | (7,209,805 | ) |  |  | (5,050,147 | )
Loss from discontinued operations before income tax |  |  | (13,389,231 | ) |  |  | (139,198,021 | )
Income tax provision |  |  | - |  |  |  | 31 |
Loss from discontinued operation before Minority Interest |  | $ | (13,389,231 | ) |  | $ | (139,198,052 | )
Less: Net loss attributable to non-controlling interests |  |  | (1,681,738 | ) |  |  | 15,618,798 |
LOSS FROM DISCONTINUED OPERATION |  | $ | (11,707,493 | ) |  | $ | (123,579,254 |
Schedule of assets and liabilities related to discontinued operations |
|  | December 31, 2019 |  |  | December 31, 2018 |
Cash |  | $ | 123,087 |  |  | $ | 220,342 |
Accounts receivable |  |  | 11,720 |  |  |  | 73,244 |
Other receivables |  |  | 1,861 |  |  |  | 15,381,465 |
Inventory |  |  | 454,269 |  |  |  | 63,017 |
Advances to suppliers and other current assets |  |  | 97,539 |  |  |  | - |
Property and equipment, net |  |  | 1,176,163 |  |  |  | 2,276,704 |
Right of use assets |  |  | 57,571,254 |  |  |  |  |
Intangible assets, net |  |  | 15,347,535 |  |  |  | 15,968,625 |
Amount due from related parties |  |  | 17,989,358 |  |  |  |  |
Total assets related to discontinued operations |  | $ | 92,772,786 |  |  |  | 33,933,396 |
Accounts payable |  | $ | 2,084,735 |  |  | $ | 9,002,384 |
Accrued expenses |  |  | 81,279,952 |  |  |  | 78,644,119 |
Advances from customers |  |  | 815,382 |  |  |  | 772,078 |
Short-term bank loans |  |  | 37,245,139 |  |  |  | 5,828,185 |
Lease liabilities |  |  | 60,613,970 |  |  |  | - |
Amount due from related parties |  |  | 14,222,570 |  |  |  | - |
Long-term loan |  |  | 14,222,570 |  |  |  | 32,450,867 |
Total liabilities related to discontinued operations |  | $ | 196,261,748 |  |  | $ | 126,697,633 |

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