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Restatement of Previously Issued Unaudited Condensed Consolidated Financial Statements for the Three and Nine Months Ended September 30, 2017 (Tables)
 9 Months Ended
Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]  
Schedule of Restated Statements

The following table presents the effect of the restatements on the Company’s previously issued consolidated balance sheet:

 

    As of September 30, 2017 (Unaudited)  
    As
Previously
Reported		     Adjustments     Notes   As Restated  
                       
Accounts receivable, net   $ 751,326     $ (427,594 )   A, D   $ 323,732  
Deferred costs related to revenue     -       92,279     A     92,279  
Real estate held for investment, net     998,741       (158,291 )   B     840,450  
Goodwill     2,686,650       259,596     C     2,946,246  
Deferred revenue     -       485,000     A     485,000  
Additional paid in capital     8,807,968       (342,674 )   C, E     8,465,294  
Accumulated other comprehensive income (loss)     80,173       (156,265 )   B, E     (76,092 )
Accumulated deficit     (751,056 )     (910,791 )   A, B, C, D     (1,661,847 )
Noncontrolling interests in consolidated subsidiaries     190,458       690,719     B, C     881,177  

 

The following table presents the effect of the restatements on the Company’s previously issued consolidated statements of operations and comprehensive loss:

 

    For the three months ended September 30, 2017 (Unaudited)  
    As
Previously
Reported		     Adjustments     Notes   As Restated  
                       
Service revenue   $ 956,290     $ (130,000 )   A   $ 826,290  
Cost of service revenue     (251,063 )     40,141     A     (210,922 )
General and administrative     (778,599 )     (10,136 )   C, D     (788,735 )
Net loss     (103,395 )     (99,995 )   A, C, D     (203,390 )
Net loss attribute to common shareholders     (86,707 )     (99,995 )         (186,702 )
Foreign currency translation income (loss)     (7,685 )     19,568     B     11,883  
Comprehensive income (loss)     (94,392 )     (80,427 )         (174,819 )

 

    For the nine months ended September 30, 2017 (Unaudited)  
    As
Previously
Reported		     Adjustments     Notes   As Restated  
                       
Service revenue   $ 2,699,939     $ (560,000 )   A   $ 2,139,939  
Cost of service revenue     (518,538 )     17,072     A     (501,466 )
General and administrative     (2,172,815 )     (176,363 )   C, D     (2,349,178 )
Net income (loss)     4,741       (719,291 )   A, C, D     (714,550 )
Net income (loss) attribute to common shareholders     39,197       (719,291 )         (680,094 )
Foreign currency translation income (loss)     (22,725 )     58,451     B     35,726  
Comprehensive income (loss)     16,472       (660,840 )         (644,368 )
                             
Net loss per share, basic and diluted   $ (0.00 )   $ (0.01 )       $ (0.01 )

 

The following table presents the effect of the restatements on the Company’s previously issued consolidated statement of cash flows:

 

    For the nine months ended September 30, 2017 (Unaudited)  
    As
Previously Reported		     Adjustments     Notes   As Restated  
                       
Cash flows from operating activities:                            
Net income (loss)   $ 4,741     $ (719,291 )   A, C, D   $ (714,550 )
Provision for bad debt     -       46,054     D     46,054  
Changes in operating assets and liabilities:                            
Accounts receivable, net     (355,964 )     326,743     A     (29,221 )
Deferred costs of revenue     -       (17,072 )   A     (17,072 )
Accounts payable and accrued liabilities     (268,416 )     93,566     C     (174,850 )
Deferred revenue     -       270,000     A     270,000