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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Non-current assets    
Intangible assets, net $ 7,657,848 $ 611,598
Property and equipment, net 190,202
Goodwill 4,781,208
Total non-current assets 12,629,258 611,598
Current assets    
Amount due from associate 5,023,700 2,825,700
Accounts receivable 1,567,852
Other amount recoverable 49,550 549,550
Prepayment, deposit and other receivables 121,723 1,641,684
Financial assets held for resale 996,414 2,730,363
Cash and cash equivalents 4,847,284 2,972,649
Total current assets 12,606,523 10,719,946
Total assets 25,235,781 11,331,544
Current liabilities    
Accounts payable 961,310
Accruals and other payables 917,571 298,453
Deposits received for shares to be issued 2,235,184
Convertible promissory notes 2,911,000
Amount due to director 77,500 77,500
Total current liabilities 7,102,565 375,953
Non-current liabilities    
Other loan 10,000
Bank loan 500,000
Notes payable 503,700
Total non-current liabilities 513,700 500,000
Total liabilities 7,616,265 875,953
Stockholders’ Equity    
Common stock, $0.0001 par value, 250,000,000 shares authorized, 13,205,355 and 8,561,704 shares issued and outstanding as of September 30, 2020 and December 31, 2019 respectively [1] 17,167 11,130
Additional paid-in capital 58,301,051 58,058,118
Capital reserves 14,282,143
Accumulated deficit carried forward (54,980,845) (47,613,657)
Total shareholders’ equity 17,619,516 10,455,591
Total liabilities and stockholders’ equity $ 25,235,781 $ 11,331,544
[1] The number of shares of common stock has been retroactively restated to reflect the 1 for 13 reverse stock-split on February 25, 2020.