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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of income tax expenses

		For the Years Ended December 31,
		2020				2019				2018
Current income tax expenses		$	(543,211	)		$	(705,231	)		$	(441,156	)
Deferred income tax benefits (expenses)			58,424				318,087				(60,975	)
Income tax expenses		$	(484,787	)		$	(387,144	)		$	(502,131	)

Schedule of reconciliation of statutory tax rate to effective tax rate

		For the Years Ended December 31,
		2020				2019				2018
PRC statutory income tax rate			25	%			25	%			25	%
Effect of preferential tax benefits			(13.96	)%			(14.23	)%			(7.30	)%
Effect of non-deductible expenses			0.35	%			0.39	%			0.22	%
Effect of research and development credits			(1.47	)%			(2.25	)%			(3.28	)%
Effect of deferred tax rate change for share based compensation			(0.11	)%			(0.09	)%			(0.31	)%
Effective tax rate			9.81	%			8.82	%			14.33	%

Schedule of deferred tax assets

		December 31, 2020				December 31, 2019
Excess advertising expense			699,717			$	608,131
Deferred Intangible assets amortization			22,983				24,165
Net operating loss carrying forward			7,666				20,543
Share-based compensation			65,181				36,155
		$	795,547			$	688,994

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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