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Other Current Assets (Tables)
 6 Months Ended
Jun. 30, 2021
Other Current Assets [Abstract]  
Schedule of Other current assets
   June 30,
2021		   December 31,
2020		 
   (unaudited)     
Prepaid advertising expense (i)  $
-
   $1,033,280 
Deferred contract costs (ii)   800,461    272,804 
Office rental deposit   98,159    86,287 
Interest receivable   29,945    32,416 
Prepaid rental fees   54    15,827 
Prepaid consulting service fees   468,302    78,627 
Others   216,130    94,167 
   $1,613,051   $1,613,408 

 

(i)As of December 31, 2020, the balance of prepaid advertising expenses represents payments of advertising expenses to three vendors. Among the balance of $1,033,280 as of December 31, 2020, $459,235 was subsequently refunded from the vendor to VIE as VIE suspended cooperation with the vendor, and the remaining was expensed during the six months ended June 30, 2021 with the services provided by the vendors.

 

(ii)As of June 30, 2021 and December 31, 2020, the balances of deferred contract costs represented the travel and media expenses which were directly related to certain contracts with customers. The costs and expenses were incurred so that VIE would fulfil its performance obligation committed to its customers and were expected to be recovered.