XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.21.1

Subsequent Events | 12 Months Ended
--- | ---
Dec. 31, 2020
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | Note 19 – SUBSEQUENT EVENTS Progress of legal proceedings As a consequence of non-performance of court ruling in relation to a litigation by CCB, the pledged real estate and land use right provided by the Company were auctioned by the court in March 2021 for auction price of RMB33,140,000 (approximately $5.1 million) to a third party, of which, RMB21,138,443 (approximately $3.2 million) has been used to repay the principal and interest to CCB and litigation fees incurred by CCB. Subsequent issuance of common shares On December 2, 2020, the Company entered into stock subscription agreements, pursuant to which the Company agreed to sell 9,100,000 shares to a group of investors for an aggregate purchase of $2,730,000, or $0.3 per share. In April 2021, a total of 9,100,000 common shares were issued to four investors with cash proceeds of $2,730,000 received in the same month.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration