Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Summary of Significant Accounting Policies [Abstract]

Schedule of accompanying consolidated financial statements

	September 30,		December 31,
	2018		2017
	(Unaudited)
Cash and cash equivalent	$	1,946,579	$	686,368
Loan receivables, net		7,683,245		-
Fees receivables		457,470		-
Prepaid expenses		66,864		57,025
Due from inter-company		3,257,022		1,386,108
Due from related party		1,588,293		96,968
Other receivables		59,780		11,890
Total current assets		15,059,253		2,238,359
Property and equipment, net		38,637		50,453
Intangible assets, net		-		317,888
Long-term investment		301,140		-
Total non-current assets		339,777		368,341
Total assets	$	15,399,030	$	2,606,700
Loans payable - current portion	$	10,541,947	$	1,192,750
Interest payable		2,875,732		531,812
Fee payables		280,439		-
Accrued liabilities		5,834		203
Due to inter-company		3,507,384		1,729,803
Due to related parties		1,726,545		250,810
Deferred tax liability		113,908		120,243
Total Current liabilities	$	19,051,789	$	3,825,621
Loans payable, non-current portion		1,477,911		2,906,562
Total non-current liabilities	$	1,477,911	$	2,906,562
Total liabilities		20,529,700		6,732,183

	For the Nine Months Ended September 30,
	2018			2017
	(Unaudited)			(Unaudited)
Net revenue	$	1,867,878		$	-
Net loss from continuing operation	$	(1,290,726	)	$	(1,765,344	)
Less: Net loss attributable to the non-controlling interest		(861,707	)		(740,240	)
Net loss attributable to the company – continuing operations	$	(429,019	)	$	(1,025,104	)
Net income from discontinued operations	$	-		$	-
Less: Net income attributable to the non-controlling interest		-			-
Net income attributable to the company – discontinued operations	$	-		$	-
Net loss for the periods	$	(1,290,726	)	$	(1,765,344	)
Net loss attributable to the Company’s shareholders	$	(429,019	)	$	(1,025,104	)

	For the Nine Months Ended September 30,
	2018			2017
	(Unaudited)			(Unaudited)
Cash flow (used in) provided by operating activities	$	(600,397	)	$	893,788
-Net cash (used in) provided by operating activities from continuing operations		(600,397	)		1,109,181
-Net cash used in operating activities from discontinued operations		-			(215,393	)
Cash flow (used in) provided by investing activities	$	(8,193,247	)	$	343,802
-Net cash (used in) provided by investing activities from continuing operations		(8,193,247	)		343,802
-Net cash used in investing activities from discontinued operations		-			-
Net cash provided by (used in) financing activities	$	10,162,320		$	(1,345,374	)
-Net cash provided by (used in) financing activities from continuing operations		10,162,320			(1,345,374	)
-Net cash provided by financing activities from discontinued operations		-			-

Schedule of exchange rates used to translate amounts in RMB into US Dollars

	As of  September 30,  2018			As of December 31,  2017
		(Unaudited)
Balance sheet items, except for stockholders’ equity accounts			0.1456		0.1537

	For the three months ended  September 30,				For the nine months ended  September 30,
	2018		2017		2018		2017
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Items included in the statements of operations and comprehensive income (loss) and cash flows for the periods presented		0.1470		0.1502		0.1537		0.1482

Schedule of financial assets and financial liabilities that are measured at fair value on a recurring basis

September 30, 2018:
	Level 1
Available-for-sale:
Short-term investments	$	-

December 31, 2017:
	Level 1
Available-for-sale:
Short-term investments	$	461,115