Bank Loan	9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]
BANK LOAN	NOTE 12 – BANK LOAN The bank loan is part of a US Line of credit facility dated December 17, 2019 for a maximum principal of $2,296,805 expiring December 17, 2021 at an interest rate of LIBOR +3%. During the period ended June 30, 2020, this loan is secured against the Company’s financial asset of $2,820,625 as disclosed in note 7 above. In the quarter ended June 30, 2020, certain investments were disposed and this loan was fully repaid. .At September 30, 2020, there was no loan outstanding. Interest expenses for the three months ended September 30, 2020 and 2019 amounted to $3,853 and $nil, respectively. Interest expenses for the nine months ended September 30, 2020 and 2019 amounted to $52,388 and $nil, respectively.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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