XML 27 R49.htm IDEA: XBRL DOCUMENT v3.20.1
INCOME TAX AND DEFERRED TAX ASSETS (Details 2)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Reconciliation of the statutory income tax rate and the Company's effective income tax      
Effect of income tax exemptions and reliefs in the PRC companies 0.00% 0.00% 0.00%
Effect of loss carryforward in the PRC companies (24.90%) (25.00%) 0.00%
Effect of non-deductible expenses in the PRC companies 0.00% 0.00% 0.40%
Effective rate 0.10% 0.00% 25.40%
HongKong      
Reconciliation of the statutory income tax rate and the Company's effective income tax      
Valuation allowance recognized with respect to the loss in the Hong Kong Company (16.50%) (16.50%)  
Statutory income tax rate 16.50% 16.50%  
China      
Reconciliation of the statutory income tax rate and the Company's effective income tax      
Statutory income tax rate 25.00% 25.00% 25.00%