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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operations:    
(Loss) from continuing operations $ (6,541,686) $ (4,098,677)
Adjustment to reconcile net profit to net cash used in operating activities:    
Amortization of intangible assets 101,933 268,600
Impairment loss on associate 200,000
Changes in operating assets and liabilities:    
Amount due from Associates (1,963,700) (862,000)
Other amounts recoverable (549,550)
Deposits and other receivables (22,295) 173,945
Prepayments 1,562,262 (96,665)
Accounts payable, accruals and other payables (3,344) 26,287
Stock subscription payables (1,771,028)
Bank Loan 500,000
Amount due from director 77,500
Net cash used in operations (6,916,380) (6,082,038)
Cash flows from investment activities:    
Investment on associate (200,000)
Financial assets held for resale (2,730,363)
Net cash used in investment activities (2,730,363) (200,000)
Cash flows from financing activities:    
Proceeds from stock issuance 11,888,037 5,956,994
Net cash provided by financing activities 11,888,037 5,956,994
Net (decrease)/increase in cash and cash equivalents 2,241,294 (325,044)
Cash and cash equivalents, beginning of year 731,355 1,056,399
Cash and cash equivalents, end of year 2,972,649 731,355
Supplemental cash flow disclosure:    
Cash paid for interest expenses
Cash paid for income taxes
Non-cash transactions    
Issuance of shares for services received $ 2,267,779 $ 1,237,210