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Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
6. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:


    December 31,
2020
    December 31,
2019
 
Building   $ 1,828,092       $ -  
Office equipment     449,246       392,010  
Vehicle     34,351       32,233  
Less: accumulated depreciation     (313,928 )     (119,976 )
      1,997,761       304,267  
Construction in progress     -       1,585,706  
    $ 1,997,761     $ 1,889,973  

As of December 31, 2019, the construction in progress primarily consisted of the construction in progress of an office campus and facilities in Beijing on leased land (Note 7). The construction was completed in January 2020.


As of December 31, 2020, the balance of property was comprised of office campus and facilities in Beijing of $1,828,092.


Depreciation expenses totaled $176,111, $75,021 and $23,655 for the years ended December 31, 2020, 2019 and 2018, respectively.