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v3.20.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Schedule of bad debt allowance |
|  | 2020 |  |  | 2019 |
Xuzhou Zhongtai project |  | $ | 4,237,587 |  |  | $ | 10,034,116 |
Bai Chonggong (for Shenqiu and Huayu projects) |  |  | 13,710,855 |  |  |  | 35,415,556 |
Xuzhou Tian’an project |  |  | 16,950,350 |  |  |  | - |
Receivable of electricity sales of Erdos |  |  | 1,163,624 |  |  |  | 2,614,299 |
Total accounts receivable |  |  | 36,062,416 |  |  |  | 48,063,971 |
Bad debt allowance |  |  | (4,269,198 | ) |  |  | (5,995,210 | )
Accounts receivable, net |  | $ | 31,793,218 |  |  | $ | 42,068,761 |
Schedule of property and equipment estimated lives |
Building |  |  | 20 years |
Vehicles |  |  | 2 - 5 years |
Office and Other Equipment |  |  | 2 - 5 years |
Software |  |  | 2 - 3 years |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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