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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Schedule of Accounts Receivable

Accounts receivable as at December 31, 2020 and 2019 are as follows:

 

    December 31, 2020     December 31, 2019  
Accounts Receivable   $ 12,359,619     $ 9,611,788  
Allowance for credit losses     (8,095,362 )     (4,685,707 )
Accounts Receivable, net   $ 4,264,257     $ 4,926,081  
Accounts Receivable - related parties   $ 12,017,651     $ 10,862,238  
Allowance for credit losses     (9,098,436 )     (2,128,975 )
Accounts Receivable - related parties, net   $ 2,919,215     $ 8,733,263  
Non-current Accounts Receivable   $ 3,013,532     $ 1,804,189  
Non-current credit losses     (1,174,302 )     (156,080 )
Non-current Accounts Receivable, net   $ 1,839,230     $ 1,648,109  
Non-current Accounts Receivable - related parties   $ 4,172,502     $ 4,035,831  
Non-current Allowance for credit losses - related parties     (2,849,306 )     (241,882 )
Non-current Accounts Receivable - related parties, net   $ 1,323,196     $ 3,793,949
Schedule of Allowance for Credit Losses

The following table describes the movements for allowance for credit losses during the years ended December 31, 2020 and 2019.

 

Balance at January 1, 2019   $ 3,683,842  
Increase in allowance for credit losses     3,576,669  
Foreign exchange difference     (47,867 )
Balance at December 31, 2019   $ 7,212,644  
Increase in allowance for credit losses     13,528,638  
Foreign exchange difference     476,124  
Balance at December 31, 2020   $ 21,217,406  
Schedule of Future Minimum Payments for Operating Leases

Annual minimum lease payments to be received in the next 5 years:

 

2021     378,940  
2022     136,452  
Total     515,392
Schedule of Foreign Currency Translation

The exchange rates adopted are as follows:

 

    December 31, 2020     December 31, 2019  
Year-end RMB to US$ exchange rate     6.5377       6.9692  
Average yearly RMB to US$ exchange rate     6.9044       6.9072
Property, Equipment and Software [Member]  
Schedule of Estimated Useful Lives

Estimated useful lives of property, equipment and software are as follows:

 

Office buildings 20-50 years
Plant and machinery 3-20 years
Electronics equipment, furniture and fixtures 3-5 years
Motor vehicles 5 years
Purchased software 5 years
Intangible Assets [Member]  
Schedule of Estimated Useful Lives

Intangible assets are stated at acquisition fair value or cost less accumulated amortization, and amortized using the straight-line method over the following estimated useful lives:

 

Software development costs 3-5 years
Trademarks 5 years