XML 41 R28.htm IDEA: XBRL DOCUMENT v3.21.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

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

		Years Ended December 31,
		2020				2019
(Benefit) tax at statutory rate of 25%		$	(716,694	)		$	(5,175,512	)
Prior year refund received			-				-
Other, primarily the difference in U.S. tax rates			8,190				8,103
Change in valuation allowance			708,504				5,167,409
Income tax expense		$	-			$	-

Schedule of temporary differences to deferred income tax assets and liability

		December 31,
		2020				2019
Deferred income tax assets:
Allowance for doubtful trade receivables		$	4,537,623			$	4,393,775
Allowance for doubtful other receivables			6,822				5,682
Inventory obsolescence reserve			568,182				1,528,482
Expenses not deductible in current year			1,160,601				1,085,520
Advances for intangible assets impairment			10,441,373				9,765,906
Lease liability, net			596				807
PRC net operating loss carry forward			9,542,576				12,682,671
U.S. net operating loss carry forward			1,409,380				1,296,813
Total deferred income tax assets			27,667,153				30,759,656
Valuation allowance			(27,667,153	)			(30,759,656	)
Net deferred income tax asset		$	-			$	-
Deferred income tax liability:
Intangible assets		$	805,556			$	753,444

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration