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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Details 1) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Operating expenses: |  |  |
General and administrative expenses | $ (4,860,189) | $ (3,058,548) | $ (1,915,195)
Other income (expense) |  |  |
Interest income | 629 | 219,001 | 161,382
Other finance expenses | (4,415) | (3,656) | (3,473)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT | (521,738) | (1,474,126) | 958,667
COMPREHENSIVE INCOME | 8,552,216 | 6,445,282 | 6,083,640
Parent Company |  |  |
Operating expenses: |  |  |
General and administrative expenses | (1,671,700) |  |
Other income (expense) |  |  |
Equity income of subsidiaries and vies | 10,747,395 | 7,919,408 | 5,124,973
Interest income | 21 |  |
Other finance expenses | (1,762) |  |
NET INCOME | 9,073,954 | 7,919,408 | 5,124,973
FOREIGN CURRENCY TRANSLATION ADJUSTMENT | (521,738) | (1,474,126) | 958,667
COMPREHENSIVE INCOME | $ 8,552,216 | $ 6,445,282 | $ 6,083,640

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