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v3.20.1

Consolidated Segment Data - Schedule of Segment Reporting (Details) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Revenues | $ 13,791,303 | $ 20,578,340 | [1] | $ 18,189,274 | [1]
(Loss) income from operations | (4,172,161) | 168,824 |  | (450,703) |
Corporate other income, net | 669,755 | 956,753 |  | 758,073 |
Corporate interest income | 133,517 | 36,381 |  | 7,900 |
Corporate interest expense | (499,852) | (484,403) |  | (450,024) |
Corporate warrant income |  |  |  | 3,720 |
Income (loss) before income taxes | (3,868,741) | 677,555 |  | (131,034) |
Income tax benefit | 274,480 | 1,201,231 |  | 1,070,343 |
Net (loss) income | (3,594,261) | 1,878,786 |  | 939,309 |
Less: (Loss) income attributable to the non-controlling interest | 11,929 | (186,803) |  | (80,704) |
Net (loss) income attributable to the Company | (3,582,332) | 1,691,983 |  | 858,605 |
Non-cash employee compensation | 494,316 | 584,629 |  | 487,407 |
Depreciation and amortization | 2,900,952 | 3,674,537 |  | 2,856,906 |
Provisions for bad debt allowance on accounts receivable, other receivable and advances to suppliers | 3,628,544 | 830,266 |  | 422,388 |
Inventory obsolescence provision | 115,191 | 30,403 |  | 176,570 |
Impairment of long-term investments |  | 45,400 |  |  |
Total assets | 40,615,546 | 41,615,814 |  |  |
TIT Segment [Member] |  |  |  |  |
Revenues | 241,132 | 383,420 | [1] | 1,239,002 | [1]
(Loss) income from operations | (662,556) | (528,891) |  | (979,973) |
Depreciation and amortization | 17,278 | 13,941 |  | 36,018 |
Provisions for bad debt allowance on accounts receivable, other receivable and advances to suppliers | 344,550 | (438,378) |  | 273,706 |
Inventory obsolescence provision | 2,366 | 9,261 |  | 158,357 |
Total assets | 725,088 | 1,056,582 |  |  |
CBT Segment [Member] |  |  |  |  |
Revenues | 13,550,171 | 20,194,920 | [1] | 16,950,272 | [1]
(Loss) income from operations | (2,037,151) | 2,391,930 |  | 1,934,001 |
Depreciation and amortization | 2,883,674 | 3,660,596 |  | 2,820,888 |
Provisions for bad debt allowance on accounts receivable, other receivable and advances to suppliers | 3,283,994 | 1,268,644 |  | 148,682 |
Inventory obsolescence provision | 112,824 | 21,142 |  | 18,213 |
Impairment of long-term investments |  | 45,400 |  |  |
Total assets | 39,755,020 | 40,529,876 |  |  |
Corporate and Others [Member] |  |  |  |  |
(Loss) income from operations | (1,472,454) | (1,694,215) | [2] | (1,404,731) | [2]
Non-cash employee compensation | 494,316 | 584,629 |  | $ 487,407 |
Total assets | $ 135,438 | $ 29,356 |  |  |
[1] | Revenues by operating segments exclude intercompany transactions.
[2] | Includes non-cash compensation, professional fees and consultancy fees for the Company.

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