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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2017
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | NOTE 4 – PROPERTY AND EQUIPMENT, NET
|  | As of |  |  | As of |
|  | December 31, 2017 |  |  | December 31, 2016 |
Office leasehold |  | $ | 3,194,858 |  |  | $ | - |
Furniture and fixtures |  |  | 46,890 |  |  |  | 26,048 |
Office equipment |  |  | 43,076 |  |  |  | 31,890 |
Leasehold improvement |  |  | 41,340 |  |  |  | 13,586 |
|  |  | 3,326,164 |  |  |  | 71,524 |
Less: Accumulated depreciation and amortization |  |  | (59,335 | ) |  |  | (32,993 | )
Total |  | $ | 3,266,829 |  |  | $ | 38,531 |
Office leasehold represents three adjoining office units used by the Company located in a commercial building in Shenzhen, China. The office leasehold is subject to a 50 years land lease with a remaining term of 27 years, and is being amortized over the remaining lease term. Depreciation and amortization expense, classified as operating expenses, was $21,992 and $15,292 for the years ended December 31, 2017 and 2016, respectively. At December 31, 2017, the Company’s office leasehold was pledged to banks as security collateral for loans of $1,383,360 (see Note 10).

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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