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Prepaid Expenses and Other Current Assets | 12 Months Ended
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Dec. 31, 2018
Other Income and Expenses [Abstract] |
PREPAID EXPENSES AND OTHER CURRENT ASSETS | NOTE 7 – PREPAID EXPENSES AND OTHER CURRENT ASSETS The Company’s prepaid expenses and other current assets are as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
Other receivable (1) |  | $ | 809,396 |  |  | $ | 607,822 |
Prepaid rent expense |  |  | 25,735 |  |  |  | 75,943 |
Value added tax receivable |  |  | 83,717 |  |  |  | 86,289 |
Other |  |  | 55,954 |  |  |  | 4,611 |
Total |  | $ | 974,802 |  |  | $ | 774,665 |
(1) | Other receivables mainly represent mainly advances to employees for business development purposes and prepaid employee insurance and welfare benefit which will be subsequently deducted from the employee payroll.
(2) | The Company’s subsidiary Beijing REIT leases headquarter offices of 658 square meters from March 1, 2011 to August 30, 2018, and prepaid rent expense to the landlord, which is amortized over the lease term.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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