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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE        
Revenue $ 8,508,367 $ 9,546,951 $ 29,330,684 $ 19,775,398
COST OF REVENUE 7,714,648 8,772,138 27,224,635 18,156,795
GROSS PROFIT 793,719 774,813 2,106,049 1,618,603
OPERATING EXPENSES        
General and administrative expenses 743,357 752,198 2,267,885 2,416,540
Depreciation and amortization expense 8,869 6,167 25,004 17,199
Impairment of goodwill 1,949,884
TOTAL OPERATING EXPENSES 752,226 758,365 2,292,889 4,383,623
PROFIT (LOSS) FROM OPERATIONS 41,493 16,448 (186,840) (2,765,020)
OTHER INCOME (EXPENSE)        
Interest expense - related party (66) (66) (198) (198)
Interest expense (156,362) (291,224) (715,359) (572,679)
Non-cash interest expense (1,217,805) (2,992,588)
Other expense (535) (13,295) (7,673) (26,529)
Forgiveness of debt (646) 48,234
Gain on exchange of equity investments, and gain on change in fair value 4,448,910 6,275,070
Gain on sale of Amplerissimo 146,647 146,647
Loss on extinguishment of debt (1,464,698)
Foreign currency transaction gain (loss) (54,015) 89,966 (168,359) 292,937
TOTAL OTHER INCOME (EXPENSE) 3,166,128 (214,619) 1,121,076 (306,469)
PROFIT (LOSS) BEFORE INCOME TAXES 3,207,621 (198,171) 934,236 (3,071,489)
INCOME TAX EXPENSE (273) (301) (2,690)
NET PROFIT (LOSS) 3,207,348 (198,171) 933,935 (3,074,179)
OTHER COMPREHENSIVE GAIN (LOSS)        
Foreign currency translation gain (loss) 1,304,468 (51,474) 1,350,780 (178,151)
TOTAL COMPREHENSIVE GAIN (LOSS) $ 4,511,816 $ (249,645) $ 2,284,715 $ (3,252,330)
BASIC NET INCOME (LOSS) PER SHARE $ 0.24 $ (0.02) $ 0.07 $ (0.24)
DILUTED NET INCOME (LOSS) PER SHARE $ 0.24 $ (0.02) $ 0.07 $ (0.24)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 13,495,394 12,823,622 13,218,068 12,764,720
Diluted 13,562,790 12,823,622 13,326,002 12,764,720