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Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenue Based on Revenue by Service Lines and Revenue by Geographic Area

The following table provides information about disaggregated revenue based on revenue by service lines and revenue by geographic area:

		Three Months Ended June 30,
		2020				2019
		(Unaudited)				(Unaudited)
Revenue by service lines:
Corporate advisory – Non-listing services		$	355,075			$	478,783
Corporate advisory – Listing services			13,385				1,200,000
Rental of real estate properties			32,680				22,931
Total revenue		$	401,140			$	1,701,714

		Three Months Ended June 30,
		2020				2019
		(Unaudited)				(Unaudited)
Revenue by geographic area:
Hong Kong		$	248,980			$	1,543,598
Malaysia			107,312				109,976
China			44,848				48,140
Total revenue		$	401,140			$	1,701,714

		Six Months Ended June 30,
		2020				2019
		(Unaudited)				(Unaudited)
Revenue by service lines:
Corporate advisory – Non-Listing services		$	806,788			$	911,842
Corporate advisory – Listing services			355,385				1,200,000
Rental of real estate properties			55,508				51,920
Total revenue		$	1,217,681			$	2,163,762

		Six Months Ended June 30,
		2020				2019
		(Unaudited)				(Unaudited)
Revenue by geographic area:
Hong Kong		$	911,473			$	1,840,903
Malaysia			231,254				243,999
China			74,954				78,860
Total revenue		$	1,217,681			$	2,163,762

Schedule of Changes in Deferred Revenue

Changes in deferred revenue were as follows:

		Six Months Ended June 30, 2020
			(Unaudited)
Deferred revenue, January 1, 2020		$	1,202,153
New contract liabilities			85,385
Performance obligations satisfied			(355,385	)
Deferred revenue, June 30, 2020		$	932,153

Schedule of Deferred Revenue and Deferred Costs of Revenue

Deferred revenue and deferred costs of revenue at June 30, 2020 and December 31, 2019 are classified as current assets or current liabilities and totaled:

		As of June 30, 2020				As of December 31, 2019
			(Unaudited)
Deferred revenue		$	932,153			$	1,202,153
Deferred costs of revenue		$	52,397			$	73,821

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- Definition

Schedule of Deferred Revenue and Deferred Costs of Revenue.

+ References

No definition available.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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