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v3.20.1

Consolidated Segment Data (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting | Selected information by segment is presented in the following tables for the year ended December 31, 2019, 2018, and 2017.
|  | 2019 |  |  | 2018 |  |  | 2017 |
Revenues(1) |  |  |  |  |  |  |  |  |  |  |  |
TIT Segment |  | $ | 241,132 |  |  | $ | 383,420 |  |  | $ | 1,239,002 |
CBT Segment |  |  | 13,550,171 |  |  |  | 20,194,920 |  |  |  | 16,950,272 |
|  | $ | 13,791,303 |  |  | $ | 20,578,340 |  |  | $ | 18,189,274 |
(1) Revenues by operating segments exclude intercompany transactions.
|  | 2019 |  |  | 2018 |  |  | 2017 |
(Loss) income from operations |  |  |  |  |  |  |  |  |  |  |  |
TIT Segment |  | $ | (662,556 | ) |  | $ | (528,891 | ) |  | $ | (979,973 | )
CBT Segment |  |  | (2,037,151 | ) |  |  | 2,391,930 |  |  |  | 1,934,001 |
Corporate and others(2) |  |  | (1,472,454 | ) |  |  | (1,694,215 | ) |  |  | (1,404,731 | )
(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 |
(Loss) income 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 |
(2) Includes non-cash compensation, professional fees and consultancy fees for the Company. Non-cash employee compensation by segment for the year ended December 31, 2019, 2018, and 2017 are as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Non-cash employee compensation: |  |  |  |  |  |  |  |  |  |  |  |
Corporate and others |  |  | 494,316 |  |  |  | 584,629 |  |  |  | 487,407 |
|  | $ | 494,316 |  |  | $ | 584,629 |  |  | $ | 487,407 |
Depreciation and amortization by segment for the year ended December 31, 2019, 2018, and 2017 are as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
TIT Segment |  | $ | 17,278 |  |  | $ | 13,941 |  |  | $ | 36,018 |
CBT Segment |  |  | 2,883,674 |  |  |  | 3,660,596 |  |  |  | 2,820,888 |
|  | $ | 2,900,952 |  |  | $ | 3,674,537 |  |  | $ | 2,856,906 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Provisions for bad debt allowance on accounts receivable, other receivable and advances to suppliers; : |  |  |  |  |  |  |  |  |  |  |  |
TIT Segment |  | $ | 344,550 |  |  | $ | (438,378 | ) |  | $ | 273,706 |
CBT Segment |  |  | 3,283,994 |  |  |  | 1,268,644 |  |  |  | 148,682 |
|  | $ | 3,628,544 |  |  | $ | 830,266 |  |  | $ | 422,388 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Inventory obsolescence provision: |  |  |  |  |  |  |  |  |  |  |  |
TIT Segment |  | $ | 2,366 |  |  | $ | 9,261 |  |  | $ | 158,357 |
CBT Segment |  |  | 112,824 |  |  |  | 21,142 |  |  |  | 18,213 |
|  | $ | 115,190 |  |  | $ | 30,403 |  |  | $ | 176,570 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Impairment of long-term investments |  |  |  |  |  |  |  |  |  |  |  |
CBT Segment |  |  | - |  |  |  | 45,400 |  |  |  | - |
|  | $ | - |  |  | $ | 45,400 |  |  | $ | - |
Total assets by segment as at December 31, 2019 and 2018 are as follows:
|  | 2019 |  |  | 2018 |
Total assets |  |  |  |  |  |  |  |
TIT Segment |  | $ | 725,088 |  |  | $ | 1,056,582 |
CBT Segment |  |  | 39,755,020 |  |  |  | 40,529,876 |
Corporate and others |  |  | 135,438 |  |  |  | 29,356 |
|  | $ | 40,615,546 |  |  | $ | 41,615,814 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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