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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net loss $ (7,367,188) $ (2,778,623)
Adjustments to reconciled net loss to net cash used by operating activities:    
Depreciation of property and equipment 34,924
Amortization of intangible assets 1,319,750 76,450
Changes in operating assets and liabilities:    
(Increase) decrease in intangible assets (116,000)
(Increase) decrease in trade and other receivables (858,799) (34,500)
(Increase) decrease in amount due from associate (2,198,000) (1,163,250)
(Increase) decrease in prepaid expenses and current other assets 1,531,900
(Increase) decrease in accounts payable 594,219
(Increase) decrease in other accrued liabilities 195,025 (79,417)
(Increase) decrease in amount due from director 19,000
Net cash (used in) operating activities (6,864,169) (3,960,340)
INVESTING ACTIVITIES:    
Financial assets held of resale - sales 2,733,949
Financial assets held of resales - purchase (1,000,000)
Net restricted cash acquired in acquisition 1,599,572
Net cash provided by (used in) investing activities 3,333,521
FINANCING ACTIVITIES:    
Repayment of bank loan (500,000)
Borrowings under Other loan 10,000
Proceeds from Convertible promissory notes 2,911,000
Proceeds from notes payable 503,700
Proceeds from shares to be issued 2,235,184 1,898,726
Proceeds from stock issuance 245,399 7,150,888
Net cash provided by (used in) financing activities 5,405,283 9,049,614
INCREASE IN CASH AND CASH EQUIVALENTS 1,874,635 5,089,274
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 2,972,649 731,355
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 4,847,284 5,820,629
NON-CASH TRANSACTION    
Issuance of shares for services received $ 309,580 $ 1,553,404