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Bank Loans (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Short-Term Bank Debt

(a) Short-term bank loans

		June 30,				December 31,
		2018				2017
		(Unaudited)
Secured short-term loans		$	7,280,369			$	7,817,610
Total short-term bank loans		$	7,280,369			$	7,817,610

Schedule of Secured Short-Term Bank Debt

Detailed information of secured short-term loan balances as of June 30, 2018 and December 31, 2017 were as follows:

		June 30,				December 31,
		2018				2017
		(Unaudited)
Guaranteed by High-tech Investment Company(i) and Mr. Lin		$	1,057,315			$	1,536,480
Guaranteed by IST and guaranteed by Mr. Lin and guaranteed by Biznest and collateralized by IST			4,531,350				4,609,440
Guaranteed by IST and guaranteed by iASPEC and Collateralized by ISIOT and Secured by ISTIL			1,691,704				1,671,690
Total		$	7,280,369			$	7,817,610

(i) High-tech Investment Company is an unrelated third party.

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- Definition

Schedule of Secured Short-Term Bank Debt [Table Text Block]

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ 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 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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