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v3.21.2

Short-Term Borrowings (Details) - USD ($) |  | 1 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Dec. 05, 2019 | Nov. 30, 2019 | Sep. 30, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Aug. 31, 2019
Short-Term Borrowings (Details) [Line Items] |  |  |  |  |  |
Short term borrowings |  |  | $ 20,409,250 | $ 293,905 | $ 1,412,570 | $ 20,409,250
Accrue interest rate | 13.00% | 12.00% | 15.00% |  |  |
Loan receivable |  |  | $ 19,108,159 |  |  |
Remaining loan balance after novation | $ 19,100,000 |  |  |  |  |
Original borrowing agreement |  |  |  |  | 1,300,000 |
Deed of Novation Borrowers |  |  |  | 19,100,000 |  |
Gain from forgiveness of debts |  |  |  | 26,000 |  |
Short-term borrowings |  | $ 128,415 |  | 1,284,155 |  |
Interest income |  |  |  |  | 768,000 |
Interest expense |  |  |  |  | 714,000 |
Interest expense |  |  |  |  | 2,000 |
China Tonghai Financial [Member] |  |  |  |  |  |
Short-Term Borrowings (Details) [Line Items] |  |  |  |  |  |
Interest expense |  |  |  | 105,000 |  |
Repayments of loan |  |  |  | 990,000 |  |
Outstanding loan amount |  |  |  | $ 294,000 |  |
Lion Financial Group Limited [Member] |  |  |  |  |  |
Short-Term Borrowings (Details) [Line Items] |  |  |  |  |  |
Accrue interest rate |  |  | 12.00% |  |  |
Short-term borrowings |  |  | $ 510,230 |  |  |
Interest expense |  |  |  |  | 15,000 |
Repayments of loan |  |  |  |  | 128,415 |
Remaining balance borrowing |  |  |  |  | $ 128,415 |

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- Definition Carrying amount of accumulated prepayments received by financial institutions from borrowers for taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the appropriate governmental agency or vendor on behalf of the borrower. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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