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19. CAPITAL COMMITMENT AND OPERATING LEASE COMMITMENTS

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

19. CAPITAL COMMITMENT AND OPERATING LEASE COMMITMENTS

The Company has no purchase commitments as of March 31, 2019.

The following table sets forth the Company’s contractual obligations as of March 31, 2019:

		Property Management Fees				Capital Expenditure
Payable within:
the next 12 months		$	92,650			$	26,174,050
the next 13 to 24 months			92,650				—
the next 25 to 36 months			92,650				—
the next 37 to 48 months			92,650				—
Total		$	370,600			$	26,174,050

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- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648

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