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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Pre-tax income (loss) from continuing operations for the year ended December 31, 2019, 2018, and 2017 were taxable in the following jurisdictions:

		2019				2018				2017
PRC		$	(2,342,102	)		$	2,371,708			$	1,081,102
Hong Kong			(38,574	)			(28,177	)			(3,630,749	)
BVI			(1,488,065	)			(1,665,976	)			2,418,613
Total income (loss) before income taxes		$	(3,868,741	)		$	677,555			$	(131,034	)

Schedule of Components of Income Tax Expense (Benefit)

Income tax (benefit) expense from continuing operations consists of the following:

		2019				2018				2017
Current taxes		$	(274,480	)		$	(1,201,231	)		$	(1,070,343	)
Deferred taxes			-				-				-
Income tax (benefit)		$	(274,480	)		$	(1,201,231	)		$	(1,070,343	)

Schedule of Effective Income Tax Rate Reconciliation

Current income tax (benefit) expense was recorded in 2019, 2018 and 2017 and was related to differences between the book and corporate income tax returns.

		2019				2018				2017
PRC statutory tax rate			25	%			25	%			25	%
Computed expected income tax expense (benefit)		$	(967,185	)		$	169,389			$	(32,759	)
Tax rate differential benefit from tax holiday			180,996				(246,999	)			287,080
Permanent differences			(203,842	)			(1,376,474	)			(5,566,907	)
Tax effect of deductible temporary differences not recognized			333,891				(170,685	)			143,948
Non-deductible tax loss			381,660				423,538				4,098,295
Income tax (benefit)		$	(274,480	)		$	(1,201,231	)		$	(1,070,343	)

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 December 31, 2019 and 2018:

		December 31, 2019								December 31, 2018
		Deferred				Deferred				Deferred				Deferred
		Tax				Tax				Tax				Tax
		Assets				Liabilities				Assets				Liabilities
Allowance for doubtful accounts		$	1,670,652			$	-			$	1,180,109			$	-
Loss carry-forwards			2,326,787				-				1,953,067				-
Fixed assets			22,635				(243,517	)			12,972				(240,659	)
Inventory valuation			332,760				-				315,719				-
Salary payable			-				-				11,946				-
Long-term investments			5,381				-				5,452				-
Intangible assets			-				125,887				-				127,544
Gross deferred tax assets and liabilities			4,358,215				(117,630	)			3,479,265				(113,115	)
Valuation allowance			(4,240,585	)			-				(3,366,150	)			-
Total deferred tax assets and liabilities		$	117,630			$	(117,630	)		$	113,115			$	(113,115	)

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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.

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-Name Accounting Standards Codification
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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.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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