XML 65 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUES:    
Total revenues $ 4,484,822 $ 4,213,360
OPERATING COSTS AND EXPENSES:    
Cost of service revenue (including $300,561 and $66,000 of cost of service to related parties for the years ended December 31, 2019 and 2018, respectively) 1,191,301 998,783
Cost of real estate properties sold 137,205 1,019,790
Cost of rental revenue 48,281 62,611
General and administrative (including $186,026 and $0 of general and administrative expense to related parties for the years ended December 31, 2019 and 2018, respectively) 4,675,050 4,286,753
Impairment of other receivables  
Impairment of goodwill and intangible assets 997,137
Impairment of notes receivable-related party 24,070 77,088
Impairment of other investments (including $0 and $618,265 of related party investments for the years ended December 31, 2019 and 2018, respectively) 990,197
Total operating costs and expenses 6,075,907 8,432,359
LOSS FROM OPERATIONS (1,591,085) (4,218,999)
OTHER INCOME (EXPENSE)    
Change in fair value of derivative liabilities 213,378 266,666
Other income (including $1,610 and $0 of other income from a related party for the years ended December 31, 2019 and 2018, respectively) 81,186 56,211
Interest income (including $8,188 and $0 of interest income from a related party for the years ended December 31, 2019 and 2018, respectively) 28,011 60,022
Gain on sale of equity method investments (including $0 and $14,990 of gain from related parties for the years ended December 31, 2019 and 2018, respectively) 315,645
Fair value of common stock issued in connection with financing transaction (4,640,000)
Loss on other investments (4,116)
Interest expense (103,396) (144,356)
LOSS BEFORE INCOME TAX (1,371,906) (8,308,927)
Income tax benefit (provision) 22,428 (16,236)
NET LOSS (1,349,478) (8,325,163)
Net loss (income) attributable to noncontrolling interest 4,929 (224,604)
NET LOSS ATTRIBUTED TO COMMON STOCKHOLDERS (1,344,549) (8,549,767)
Other comprehensive loss:    
- Foreign currency translation loss (28,892) (26,078)
COMPREHENSIVE LOSS $ (1,373,441) $ (8,575,845)
NET LOSS PER SHARE, BASIC AND DILUTED $ (0.02) $ (0.15)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, BASIC AND DILUTED 54,723,842 53,981,607
Service Revenue [Member]    
REVENUES:    
Total revenues $ 4,201,601 $ 2,680,748
Sale of Real Estate Properties [Member]    
REVENUES:    
Total revenues 189,522 1,368,220
Rental Revenue [Member]    
REVENUES:    
Total revenues $ 93,699 $ 164,392