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Other Investments | 12 Months Ended
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Dec. 31, 2019
Other Investments [Abstract] |
Other Investments | NOTE 7 – OTHER INVESTMENTS
|  | As of |  |  | As of |
|  | December 31, 2019 |  |  | December 31, 2018 |
Investment in equity securities of affiliates |  |  |  |  |  |
Investment in Greenpro Trust Limited (related party) |  | $ | 51,613 |  |  | $ | 51,613 |
Other-related party |  |  | 1,750 |  |  |  | 1,758 |
Cash surrender value of life insurance, net of policy loan |  |  | 91,777 |  |  |  | 110,357 |
Total |  | $ | 145,140 |  |  | $ | 163,728 |
At December 31, 2019 and 2018, the Company had an 11% interest in Greenpro Trust Limited of $51,613 which was recorded at cost, which approximates fair value. Greenpro Trust Limited is a company incorporated in Hong Kong and Mr. Lee Chong Kuang and Mr. Loke Che Chan, Gilbert are common directors of Greenpro Trust Limited and the Company. Impairment of other investments During 2018, the Company made a deposit on a potential real estate acquisition that was subsequently cancelled. As of December 31, 2018, the deposit was not returned, and the Company determined that the deposit was impaired and recorded an impairment of the deposit of $371,932. In addition, during 2018, the Company recorded an impairment of other investments-related parties of $618,265 (see Note 15). For the year ended December 31, 2018, the total impairment of other investments-related parties and impairment of other investments totaled $990,197. For the year ended December 31, 2019, there was no impairment of other investments recorded.

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