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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Loss including noncontrolling interest $ (1,942,294) $ (205,495)
Adjustments to reconcile loss including noncontrolling interest to net cash provided by (used in) operating activities:    
Depreciation 42
Amortization of OID and debt issuing costs of convertible note 59,661
Bad debt expense 108,396 99,879
Loss on disposal of 40% ownership of Fund Management Co 47,506
Investment loss 4,144
Loss on transfer of Chengli Boxing system 638,167
Loss on transfer of Xuzhou Huayu system 405,959
Loss on transfer of Shenqiu Phase I & II systems 213,044
Loss on disposal of fixed assets 293
Loss on note conversion 893,958
Changes in deferred tax (2,530,614) (118,450)
Changes in assets and liabilities:    
Interest receivable on sales type leases (174,235) (471,136)
Collection of principal on sales type leases 992,791
Prepaid expenses 300,790
Other receivables (144,398) (62,605)
Accounts receivables (720,561) (742,756)
Notes receivable 384,148
Construction in progress (827,120)
Accounts payable 1,156,480 (107,562)
Taxes payable 234,534 124,592
Interest payable on entrusted loan 1,900,658 1,954,355
Accrued liabilities and other payables (430,025) (66,998)
Refundable deposit for systems leasing (489,123)
Net cash provided by (used in) operating activities (772,594) 1,258,619
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from disposal of property & equipment 5,188
Net cash provided by investing activities 5,188
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of notes payable 2,000,000
Issuance of common stock 1,620,800
Net cash provided by financing activities 3,620,800
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS 1,023,068 2,119,524
NET INCREASE IN CASH AND EQUIVALENTS 3,876,462 3,378,143
CASH AND EQUIVALENTS, BEGINNING OF PERIOD 53,223,142 49,830,243
CASH AND EQUIVALENTS, END OF PERIOD 57,099,604 53,208,386
Supplemental cash flow data:    
Income tax paid 441,099
Interest paid