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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
TOTAL REVENUE [1] $ 11,062,775 $ 13,791,303 $ 20,578,340
TOTAL COST 7,119,125 7,189,092 10,924,246
GROSS PROFIT 3,943,650 6,602,211 9,654,094
Administrative expenses 16,707,106 6,657,972 4,299,820
Research and development expenses 3,889,126 3,592,843 4,756,088
Selling expenses 714,147 523,557 429,362
(LOSS) INCOME FROM OPERATIONS (17,366,729) (4,172,161) 168,824
Subsidy income 556,186 431,555 556,187
Other (loss) income, net (578,766) 238,200 400,566
Interest income 4,798 133,517 36,381
Interest expense and debt discounts expense (1,018,013) (499,852) (484,403)
(Loss) income before income taxes (18,402,524) (3,868,741) 677,555
Income tax benefit 71,316 274,480 1,201,231
NET (LOSS) INCOME (18,331,208) (3,594,261) 1,878,786
Less: net loss (income) attributable to the non-controlling interest 636,433 11,929 (186,803)
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY $ (17,694,775) $ (3,582,332) $ 1,691,983
(Loss) earnings per share - Basic and Diluted      
Basic [2] $ (2.49) $ (0.54) $ 0.24
Diluted [2] (2.49) (0.54) 0.24
(LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO THE COMPANY      
Basic (2.40) (0.54) 0.24
Diluted $ (2.40) $ (0.54) $ 0.24
Products [Member]      
TOTAL REVENUE $ 6,591,132 $ 3,116,145 $ 6,546,016
TOTAL COST 6,211,647 6,448,965 9,808,837
Products - Related Parties [Member]      
TOTAL REVENUE 375,736 7,352,236 9,373,272
Software [Member]      
TOTAL REVENUE 3,080,152 2,246,497 3,037,912
TOTAL COST 572,054 525,473 783,702
Software - Related Parties [Member]      
TOTAL REVENUE 45,400
System Integration [Member]      
TOTAL COST 57,911 227,677
Others [Member]      
TOTAL REVENUE 869,635 969,751 1,490,324
TOTAL COST 335,424 156,743 104,030
Others - Related Parties [Member]      
TOTAL REVENUE $ 146,120 $ 106,674 $ 85,416
[1] Revenues by operating segments exclude intercompany transactions.
[2] On July 30, 2020, the Company implemented a one-for-six reverse stock split of the Company's issued and outstanding ordinary shares. Except shares authorized, all references to number of shares, and to per share information in the consolidated financial statements have been retroactively adjusted.