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Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2018
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | Pre-tax income (loss) from continuing operations for the six months ended June 30, 2018 and 2017 were taxable in the following jurisdictions:
|  | Six Months |  |  | Six Months |
|  | Ended |  |  | Ended |
|  | June 30,2018 |  |  | June 30,2017 |
|  | (Unaudited) |  |  | (Unaudited) |
PRC |  | $ | 1,739,641 |  |  | $ | (600,524 | )
Others |  |  | (853,113 | ) |  |  | (430,543 | )
Total income (loss) before income taxes |  | $ | 886,528 |  |  | $ | (1,031,067 | )
Schedule of Components of Income Tax Expense (benefit) | Income tax (benefit) expense from continuing operations consists of the following:
|  | Six Months |  |  | Six Months |
|  | Ended |  |  | Ended |
|  | June 30,2018 |  |  | June 30,2017 |
|  | (Unaudited) |  |  | (Unaudited) |
Current taxes |  | $ | (1,286,388 | ) |  | $ | (1,045,500 | )
Income tax benefit |  | $ | (1,286,388 | ) |  | $ | (1,045,500 | )
Schedule of Effective Income Tax Rate Reconciliation | Current income tax benefit was recorded in 2018 and 2017 and was related to differences between the book and corporate income tax returns.
|  | Six Months |  |  | Six Months |
|  | Ended |  |  | Ended |
|  | June 30,2018 |  |  | June 30,2017 |
|  | (Unaudited) |  |  | (Unaudited) |
PRC statutory tax rate |  |  | 25 | % |  |  | 25 | %
Computed expected income tax (benefit) expense |  | $ | 221,632 |  |  | $ | (257,767 | )
Tax rate differential benefit from tax holiday |  |  | (248,536 | ) |  |  | 26,817 |
Permanent differences |  |  | (1,447,813 | ) |  |  | (930,476 | )
Tax effect of deductible temporary differences not recognized |  |  | (24,949 | ) |  |  | (47,995 | )
Non-deductible tax loss |  |  | 213,278 |  |  |  | 163,921 |
Income tax (benefit) expense |  | $ | (1,286,388 | ) |  | $ | (1,045,500 | )
Schedule of Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and deferred tax liabilities were as follows as of June 30, 2018 and December 31, 2017:
|  | June 30, 2018 |  |  | December 31, 2017 |
|  | (Unaudited) |  |  |  |
|  | Deferred |  |  | Deferred |  |  | Deferred |  |  | Deferred |
|  | Tax |  |  | Tax |  |  | Tax |  |  | Tax |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Allowance for doubtful accounts |  | $ | 1,142,987 |  |  | $ | - |  |  | $ | 1,188,831 |  |  | $ | - |
Loss carry-forwards |  |  | 1,483,777 |  |  |  | - |  |  |  | 1,314,061 |  |  |  | - |
Fixed assets |  |  | 3,084 |  |  |  | (243,913 | ) |  |  | 20,937 |  |  |  | (243,728 | )
Inventory valuation |  |  | 325,002 |  |  |  | - |  |  |  | 408,905 |  |  |  | - |
Salary payable |  |  | 8,839 |  |  |  | - |  |  |  | 12,113 |  |  |  | - |
Intangible assets |  |  | 226,057 |  |  |  | 132,517 |  |  |  | 212,283 |  |  |  | 134,801 |
Gross deferred tax assets and liabilities |  |  | 3,189,746 |  |  |  | (111,396 | ) |  |  | 3,157,130 |  |  |  | (108,927 | )
Valuation allowance |  |  | (3,078,350 | ) |  |  | - |  |  |  | (3,048,203 | ) |  |  | - |
Total deferred tax assets and liabilities |  | $ | 111,396 |  |  | $ | (111,396 | ) |  | $ | 108,927 |  |  | $ | (108,927 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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