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Bank Loans (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-Term Bank Debt

		December 31, 2019				December 31, 2018
Secured short-term loans		$	6,584,664			$	6,082,574
Total short-term bank loans		$	6,584,664			$	6,082,574

Schedule of Secured Short-Term Bank Debt

Detailed information of secured short-term loan balances as of December 31, 2019 and 2018 were as follows:

		December 31, 2019				December 31, 2018
Collateralized by office buildings of IST and guaranteed by Mr. Lin and Biznest		$	4,017,664			$	4,361,310
Guaranteed by IST and guaranteed by iASPEC and guaranteed by Mr. Lin and Collateralized by ISIOT and Secured by ISTIL			1,985,874				1,721,264
Guaranteed by IST and guaranteed by Mr. Lin and guaranteed by DU YONG			258,278				-
Guaranteed by High-tech Investment Company(i) and Mr. Lin			322,848				-
Total		$	6,584,664			$	6,082,574

(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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