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OTHER RECEIVABLES, NET (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Schedule of other receivables | Other receivables consist of the following:
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Deposit for business acquisitions |  | $ | 12,324,583 |  |  | $ | - |
Deposit for set-up of research center |  |  | 86,007 |  |  |  | - |
Others |  |  | 814,615 |  |  |  | 261,889 |
Allowance for doubtful accounts |  |  | (42,676 | ) |  |  | (29,571 | )
Total other receivables, net |  | $ | 13,182,529 |  |  | $ | 232,318 |
Movements of allowance for doubtful accounts |
Movements of allowance for doubtful accounts are as follows: |  |  |  |  |  |  |  |
Beginning balance |  | $ | 29,571 |  |  | $ | 13,830 |
Addition |  |  | 13,680 |  |  |  | 17,131 |
Exchange rate effect |  |  | (575 | ) |  |  | (1,390 | )
Ending balance |  | $ | 42,676 |  |  | $ | 29,571 |

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