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NONCONTROLLING INTEREST

12 Months Ended

Dec. 31, 2019

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST

NOTE 10 - NONCONTROLLING INTEREST

Noncontrolling interest are classified as a separate line item in the equity section and disclosures in the Company's consolidated financial statements have distinguished the interest of the Company from the interest of noncontrolling interest holders. Xishe Xianglin (Tianjin) Business Operation & Management Co. Ltd. was 49% owned by nonrelated third parties as of December 31, 2019 and 2018, respectively.

Noncontrolling interest consists of following at December 31, 2019:

		Amount
Noncontrolling interest at December 31, 2017		$	—
Net loss attributable to noncontrolling interest			(21,843)
Foreign currency translation adjustment attributable to noncontrolling interest			(823)
Noncontrolling interest at December 31, 2018			(22,666)
Net loss attributable to noncontrolling interest			(153,742)
Foreign currency translation adjustment attributable to noncontrolling interest			(2,398)
Noncontrolling interest at December 31, 2019		$	(178,806)

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- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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X

- References

No definition available.

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