XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 842,987 $ 873,192
Amounts due from related parties 654,335 101,236
Other receivables 17,002 1,065
Deposit and prepaid expenses 14,685 11,860
Total current assets 1,529,009 987,353
Non-current assets:    
Property, plant and equipment, net 48,907 5,554
Right-of-use assets, net 150,597 172,577
TOTAL ASSETS 1,728,513 1,165,484
LIABILITIES AND DEFICIT    
Derivative warrant liability 82,000
Amounts due to related parties 638,705 523,375
Other payables and accrued liabilities 235,955 244,929
Deferred revenue 1,518,213 875,000
Lease liabilities - current 21,909 39,815
Income taxes payable 4,815 1,389
Total current liabilities 2,419,597 1,766,508
Lease liabilities – non-current 138,749 140,654
TOTAL LIABILITIES 2,558,346 1,907,162
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding, as of June 30, 2020 and December 31, 2019.
Common stock, $0.0001 par value, 300,000,000 shares authorized; 20,277,448 and 20,277,448 shares issued and outstanding, as of June 30, 2020 and December 31, 2019, respectively 2,028 2,028
Additional paid-in capital 1,671,847 1,671,847
Accumulated other comprehensive income 1,980 4,397
Accumulated deficit (2,505,688) (2,419,950)
Stockholders’ Deficit (829,833) (741,678)
Non-controlling interest
TOTAL DEFICIT (829,833) (741,678)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,728,513 $ 1,165,484