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Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORIES

3. INVENTORIES

Inventories by major categories are summarized as follows:

		December 31,
		2019				2018
Raw materials and packaging		$	-			$	24,578
Finished goods			37,269				2,502,803
Less: impairment loss			(33,675	)			(2,464,364	)
Inventories		$	3,594			$	63,017

Inventory write-downs and write-offs made during years ended December 31, 2019 and 2018 were $27,247 and $2.46 million, respectively.

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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