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ACQUISITION OF HUNAN RUIXI AND ITS VIE (Details Textual) | Nov. 21, 2018 USD ($)
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Cash and Cash Equivalents, Fair Value Disclosure | $ 213,645
Other Current Assets Fair value Disclosure | 1,774,725
Property, Plant, and Equipment, Fair Value Disclosure | 36,384
Other Current Liabilities Fair Value Disclosure | 607,558
Borrowings From Third Parties Fair Value Disclosure | $ 1,439,750
Hunan Ruixi [Member] |
Equity Method Investment, Ownership Percentage | 60.00%
Working Capital | $ 6,000,000
Registered Capital Percentage | 60.00%

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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- Definition Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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