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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Income (loss) Before Income Taxes | The income (loss) before income taxes of the Company for the years ended December 31, 2017 and 2016 were comprised of the following:
|  | For the years ended December 31, |
|  | 2017 |  |  | 2016 |
Tax jurisdictions from: |  |  |  |  |  |  |  |
– Local |  | $ | (723,141 | ) |  | $ | (817,722 | )
– Foreign, representing: |  |  |  |  |  |  |  |
Hong Kong |  |  | (2,174,011 | ) |  |  | 12,846 |
The PRC |  |  | 114,443 |  |  |  | (42,092 | )
Malaysia |  |  | (172,593 | ) |  |  | (65,776 | )
Other (primarily nontaxable jurisdictions) |  |  | (93,235 | ) |  |  | 880,537 |
Loss before income taxes |  | $ | (3,048,537 | ) |  | $ | (32,207 | )
Schedule of Provision for Income Taxes | Provision for income taxes consisted of the following:
|  | For the years ended December 31, |
|  | 2017 |  |  | 2016 |
Current: |  |  |  |  |  |  |  |
– Local |  | $ | - |  |  | $ | - |
– Foreign: |  |  |  |  |  |  |  |
Hong Kong |  |  | 20,286 |  |  |  | 7,459 |
The PRC |  |  | 48,086 |  |  |  | - |
Deferred: |  |  |  |  |  |  |  |
– Local |  |  | - |  |  |  | - |
– Foreign |  |  | - |  |  |  | - |
|  | $ | 68,372 |  |  | $ | 7,459 |
Schedule of Effective Income Tax Rate | The following table summarizes a reconciliation of the Company’s blended statutory income tax rate to the Company's effective tax rate as a percentage of income from continuing operations before taxes:
|  | For the years ended December 31, |
|  | 2017 |  |  | 2016 |
Statutory blended tax rate |  |  | (24 | )% |  |  | (24 | )%
Goodwill impairment |  |  | 16 | % |  |  | - |
Increase in valuation allowance |  |  | 10 | % |  |  | 47 | %
– Foreign |  |  |  |  |  |  |  |
Effective tax rate |  |  | 2 | % |  |  | 23 | %
Schedule of Components of Deferred Tax Assets | The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of December 31, 2017 and December 31, 2016:
|  | As of |  |  | As of |
|  | December 31, 2017 |  |  | December 31, 2016 |
Deferred tax assets: |  |  |  |  |  |  |  |
Goodwill and intangibles |  | $ | 313,389 |  |  | $ | - |
Net operating loss carryforwards |  |  |  |  |  |  |  |
– United States of America |  |  | 398,857 |  |  |  | 431,009 |
– Hong Kong |  |  | 207,197 |  |  |  | 26,506 |
– The PRC |  |  | 40,747 |  |  |  | 60,209 |
– Malaysia |  |  | 80,645 |  |  |  | 45,645 |
|  |  | 1,040,835 |  |  |  | 563,369 |
Less: valuation allowance |  |  | (1,040,835 | ) |  |  | (563,369 | )
Deferred tax assets |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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