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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Loss including noncontrolling interest $ (8,772,757) $ (69,200,555)
Adjustments to reconcile loss including noncontrolling interest to net cash used in operating activities:    
Depreciation 2,041
Amortization of OID and debt issuing costs of convertible note 97,161 16,589
Stock compensation expense 148,625
Operating lease expenses 66,262
Bad debt expense 5,386,003 32,210,656
Assets impairment loss 876,660 28,429,789
Investment loss (469)
Loss on disposal of 40% ownership of Fund Management Co 46,461
Loss on transfer of Chengli Boxing system 624,133
Loss on transfer of Xuzhou Huayu system 397,033
Loss on transfer of Shenqiu Phase I & II systems 208,359
Loss on disposal of fixed assets 289
Loss on long-term notes redemption 173,886
Interest expense - inducement on note conversion 893,958  
Changes in deferred tax (3,024,807) 1,022,985
Changes in assets and liabilities:    
Interest receivable on sales type leases (170,403) (184,591)
Collection of principal on sales type leases 2,444,151
Accounts receivable 2,383,251 (159,283)
Prepaid expenses (21,126) 696,525
Other receivables (135,938) (461,789)
Notes receivable 967,144
Construction in progress (7,130,851)
Accounts payable (2,837,609) 2,611,011
Taxes payable (1,317,882) 717,487
Payment of operating lease liability (63,555)
Interest payable on entrusted loan (9,091,732) 10,093,477
Accrued liabilities and other payables (36,932) 93,968
Refundable deposit for systems leasing (478,368)
Net cash provide by (used in) operating activities (14,649,028) 2,168,285
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from disposal of property & equipment 5,074
Net cash provided by investing activities 5,074
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of notes payable 2,000,000 1,000,000
Issuance of common stock 3,309,475 2,689,190
Repayment of entrusted loan (27,125,768)
Net cash used in (provided by) financing activities (21,816,293) 3,689,190
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS (541,598) (2,464,576)
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS (37,001,845) 3,392,899
CASH AND EQUIVALENTS, BEGINNING OF YEAR 53,223,142 49,830,243
CASH AND EQUIVALENTS, END OF YEAR 16,221,297 53,223,142
Supplemental cash flow data:    
Income tax paid 221,934 1,160,017
Interest paid
Supplemental disclosure of non-cash operating activities    
Transfer of Xuzhou Huayu Project and Shenqiu Phase I & II project to Mr. Bai 35,415,556  
Supplemental disclosure of non-cash financing activities    
Conversion of notes into common shares 1,612,392
Adoption of ASC 842 - right-of-use asset (118,234)
Adoption of ASC 842 - operating lease liability $ 118,234