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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

		Years Ended December 31,
		2018				2017
Current		$	(178,408	)		$	-
Deferred			68,419				122,631
Total income tax expense		$	(109,989	)		$	122,631

Schedule of reconciliation of income taxes calculated at federal statutory rates to provision for income taxes

		Years Ended December 31,
		2018				2017
(Benefit) tax at statutory rate of 25%		$	(2,715,040	)		$	(4,788,734	)
Prior year refund received			(178,408	)			-
Other, primarily the difference in U.S. tax rates			7,881				8,077
Change in valuation allowance			2,775,578				4,903,288
Income tax (benefit) expense		$	(109,989	)		$	122,631

Schedule of temporary differences to deferred income tax assets and liability

		December 31,
		2018				2017
Deferred income tax assets:
Allowance for doubtful trade receivables		$	4,453,769			$	4,552,432
Allowance for doubtful other receivables			8,721				10,002
Inventory obsolescence reserve			1,487,087				1,595,671
Expenses not deductible in current year			1,101,268				1,076,126
Advances for intangible assets impairment			5,628,803				4,387,237
PRC net operating loss carry forward			13,124,191				14,572,439
U.S. net operating loss carry forward			1,187,112				1,076,830
Total deferred income tax assets			26,990,951				27,270,737
Valuation allowance			(26,990,951	)			(27,270,737	)
Net deferred income tax asset		$	-			$	-
Deferred income tax liability:
Intangible assets		$	764,374			$	738,175

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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