XML 40 R29.htm IDEA: XBRL DOCUMENT v3.20.2

10. Income Taxes (Tables)

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Income tax components

The components of the income tax provision are:

		Three months ended June 30,								Six months ended June 30,
		2020				2019				2020				2019
		$				$				$				$
Current			(5,289	)			(750	)			25,966				–
Deferred			(23,154	)			(24,019	)			(44,702	)			(24,948	)
Total income tax benefit			(28,443	)			(24,769	)			(18,736	)			(24,948	)

Reconciliation of income tax expense

The reconciliation of income taxes expenses computed at the PRC statutory tax rate applicable to income tax expense is as follows:

		Six months ended June 30,
		2020				2019
PRC income tax statutory rate			25.00%				25.00%
Impact of different tax rates in other jurisdictions			(39.15%	)			(9.15%	)
Tax effect of non-deductible items			0.20%				(1.23%	)
Tax effect of non-taxable income			(21.77%	)			–
GILTI Tax impact			27.57%				–
Changes in valuation allowance			(0.09%	)			(6.95%	)
Effective tax rate			(8.24%	)			0.11%

Schedule of deferred income taxes

The tax effects of temporary differences representing deferred income tax assets and liabilities result principally from the following:

		June 30, 2020				December 31, 2019
		$				$
Deferred tax assets
Tax loss carried forward			142,235				103,797
Allowance for doubtful receivables			272,773				275,260
			415,008				379,057
Valuation allowance			(297,219	)			(304,418	)
Total deferred tax assets, net			117,789				74,639

Movement in valuation allowance

The movement for the valuation allowance is as following.

		June 30, 2020				December 31, 2019
		$				$
Balance at beginning of the year			(304,418	)			(7,567	)
Additions of valuation allowance			–				(296,851	)
Reductions of valuation allowance			7,199				–
Balance at the end of the year			(297,219	)			(304,418	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration