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Long-Term Investment
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
LONG-TERM INVESTMENT

12. LONG-TERM INVESTMENT


The Company recorded $2.75 million of impairment loss in fiscal year 2019 related with the INU Digital Assets and 10% equity investment in InUnion Chain Limited that Digipay Finteh Limited invested in June 2018. According to the understanding that INU is currently in a state of cessation of operation, the investment has been unable to bring economic benefits to company. The company decided to write down the remaining carrying value $12.25 million in 2020.