XML 87 R75.htm IDEA: XBRL DOCUMENT v3.21.2
Discontinued Operations (Details) - USD ($)
1 Months Ended
Apr. 19, 2021
Sep. 18, 2019
Discontinued Operations (Details) [Line Items]    
Discontinued operation, description   Pursuant to the terms of the Agreement, the Buyer purchased 100% ownership of HeDeTang Holdings (HK) Ltd. (“HeDeTang HK”) from SkyPeople Foods, which value is primarily derived from HeDeTang HK’s wholly-owned subsidiary HeDeJiaChuan Holdings Co., Ltd. and 73.41% owned subsidiary SkyPeople Juice Group Co., Ltd., for a total price of RMB 600,000 (approximately $85,714) (the “Sale Transaction”). The Sale Transaction was closed on February 27, 2020. In accordance with ASC Topic 205, Presentation of Financial Statement Discontinued Operations (“ASC Topic 205”), the Company presented the operation results from HeDeTang HK’s and subsidiaries as a discontinued operation, as the Company believed that no continued cash flow would be generated by the discontinued component and that the Company would have no significant continuing involvement in the operations of the discontinued component. The total assets of HeDeTang HK were $106.85 million as of February 27, 2020 and the total liabilities of HeDeTang HK were $231.21 million as of February 27, 2020, resulting in a gain on disposal of $99.87 million. There was no income or loss from HeDeTang HK from January 1, 2020 to the close of the Sale Transaction.
Commercial Management (Beijing) Co., [Member]    
Discontinued Operations (Details) [Line Items]    
Loss on disposal $ 21,577  
Guangchengji (Guangdong) Industrial Co., Ltd [Member]    
Discontinued Operations (Details) [Line Items]    
Loss on disposal $ 3,679,447