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Commitments | 9 Months Ended
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Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS | 22. COMMITMENTS Lease Commitment The Company adopted this ASC 842 on CFS on January 1, 2019 and did not apply it to the leases, as the lease asset and liability were not material. On November 20, 2017, Xi'an TCH entered into a lease for its office with a term from December 1, 2017 through November 30, 2020. The monthly rent is RMB 36,536 ($5,600) with quarterly payment in advance. On August 2, 2018, the Company entered into a lease for its office use in Beijing with a term from August 4, 2018 through August 3, 2020. The monthly rent is RMB 22,000 ($3,205) with quarterly payment in advance. At September 30, 2019, the future annual rental payments for the years ending were as follows:
September 30, 2020 |  | $ | 102,507 |
September 30, 2021 |  |  | 11,200 |
For the nine months ended September 30, 2019 and 2018, the rental expense of the Company was $79,288 and $56,643, respectively. For the three months ended September 30, 2019 and 2018, the rental expense of the Company was $26,221 and $23,043, respectively. Construction Commitment Refer to Note 1 for additional details related to lease commitments with Xuzhou Tian'an, Note 8 for commitments on construction in progress.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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