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PREPAYMENTS, NET (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Schedule of Prepayments, net | Prepayments, net consist of the following:
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Prepayments |  | $ | 2,065,410 |  |  | $ | 487,841 |
Allowance for doubtful accounts |  |  | (147,630 | ) |  |  | (188,264 | )
Total prepayments, net |  | $ | 1,917,780 |  |  | $ | 299,577 |
Schedule of Movements of allowance for doubtful accounts |
Movements of allowance for doubtful accounts are as follows:
Beginning balance |  | $ | 188,264 |  |  | $ | 127,740
Addition |  |  | 22,626 |  |  |  | 66,045
Exchange rate effect |  |  | (63,260 | ) |  |  | (2,521
Ending balance |  | $ | 147,630 |  |  | $ | 188,264

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