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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Current assets      
Cash $ 3,779,082 $ 13,567 $ 1,578,828
Accounts receivable, net 7,264 18,839,050
Other receivables 796,948 646,690 3,452,568
Loans to third parties, net 4,800,000 4,800,000 39,849,517
Prepayments and advance to suppliers 8,728    
Prepayments   17,047 41,279
Advance for investment   837,802
Due from related parties 75,351 76,466 184,961
Total Current Assets 9,460,109 5,561,034 64,784,005
Non-current assets      
Property and Equipment, net 797 1,503 250,886
Intangible assets, net 1,206 1,940 3,426
Long-term office rental deposit  
Long-term prepayment 2,793 4,580 8,377
Goodwill  
Deferred Tax Assets 1,798,398
Total Assets 9,464,905 5,569,057 66,845,092
Current liabilities      
Accrued payroll 606,674 621,483 766,383
Accounts payable  
Advance from customers   95,118
Other payables and accruals 225,792 201,469 271,467
Due to related party 334,650 279,925 32,005
Taxes payable 946,930 986,195 798,999
Total Current Liabilities 2,114,046 2,089,072 1,963,972
Provision of other liabilities 945,873 959,881
Deferred tax liabilities  
Total Liabilities 3,059,919 3,048,953 1,963,972
Shareholders' equity      
Common Stock ($0.005 par value, unlimited shares authorized,5,693,426 and 4,422,837 shares issued and outstanding at June 30, 2020 and December 31, 2019, December 31, 2018) 28,467 22,114 22,114
Additional paid in capital 32,934,692 28,441,045 28,441,045
Statutory reserve 2,949,930 2,949,930 2,912,529
Retained earnings (26,019,942) (25,379,699) 36,653,460
Accumulated other comprehensive loss (3,488,161) (3,513,286) (3,148,028)
Total Shareholders' Equity 6,404,986 2,520,104 64,881,120
Total Liabilities and Shareholders' Equity $ 9,464,905 $ 5,569,057 $ 66,845,092