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Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Schedule of condensed balance sheets

		December 31,				December 31,
		2018				2017
ASSETS
Current Assets
Cash and cash equivalents		$	2,723			$	5,158
Prepayments and other current assets			17,400				-
Total current assets			20,123				5,158
Investment in subsidiaries			170,520,446				188,894,696
Total Assets		$	170,520,446			$	188,899,854
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Inter-company payable		$	3,990,654			$	3,567,962
Accrued payroll and employee benefit			-				-
Accrued liabilities			-				-
Income tax payable			-				6,528
Total current liabilities			3,990,654				3,574,490
Total liabilities		$	3,990,654			$	3,574,490
Total stockholders’ equity			166,529,792				185,325,364
Total Liabilities and Stockholders’ Equity		$	170,520,446			$	188,899,854

Schedule of condensed statements of income and comprehensive income (loss)

		Year Ended
		December 31,
		2018				2017
Revenue			-				-
Selling, general and administrative expenses		$	895,995			$	402,579
Loss from Operations			(895,995	)			(402,579	)
Equity in (loss)/earnings of unconsolidated subsidiaries			(9,641,498	)			2,068,895
Other Income (Expense)			-				-
(Loss)/Income before Income Taxes			(10,537,493	)			1,666,316
Provision for Income Taxes			(8,189	)			(6,528	)
Net Income		$	(10,545,682	)		$	1,659,788
Other comprehensive income /(loss)			(9,974,338	)			10,910,190
Total Comprehensive Income (loss)		$	(19,298,598	)		$	12,569,978

Schedule of condensed statements of cash flows

		Year Ended
		December 31,
		2018				2017
Net Cash (Used in) Provided by Operating Activities		$	(425,127	)		$	(402,579	)
Net Cash Used in Investing Activities			-				-
Net Cash Provided by Financing Activities			422,692				406,280
Net Increase (Decrease) in Cash and Cash Equivalents			(2,435	)			3,701
Cash and Cash Equivalents - Beginning of Year			5,158				1,457
Cash and Cash Equivalents - End of Year		$	2,723			$	5,158

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- References

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- Definition

Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

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- Definition

Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

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