XML 50 R34.htm IDEA: XBRL DOCUMENT v3.21.1
OTHER RECEIVABLES, NET (Tables)
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Schedule of other receivables

Other receivables consist of the following:

 

    December 31,     December 31,  
    2020     2019  
Deposit for business acquisitions   $ 13,177,023     $ 12,324,583  
Deposit for set-up of research center     91,955       86,007  
Others     1,114,182       814,615  
Allowance for doubtful accounts     (32,937 )     (42,676 )
Total other receivables, net   $ 14,350,223     $ 13,182,529  
Movements of allowance for doubtful accounts
Movements of allowance for doubtful accounts are as follows:
               
Beginning balance   $ 42,676     $ 29,571
(Write-off)/Addition     (12,691 )     13,680
Exchange rate effect     2,952       (575
Ending balance   $ 32,937     $ 42,676