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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Interest income on loans-third parties $ 174,048 $ 201,486
Interest income on loans-related parties 552,793 1,188 686,755 134,956
Service fee income on loans-third parties 87,025 100,744
Service fee income on loans-related parties 276,396 343,377
Commission income-third parties 255,313 255,313
Commission income-related parties 280,203 280,203
Total Revenue 1,625,778 1,188 1,867,878 134,956
Cost of revenue (242,280) (296,080)
Gross profit 1,383,498 1,188 1,571,798 134,956
Operating expenses:        
General and administrative (213,020) (356,712) (830,541) (1,351,934)
Total operating expenses (213,020) (356,712) (830,541) (1,351,934)
Income(loss) from operations 1,170,478 (355,524) 741,257 (1,216,978)
Other income (expenses):        
Interest income (169) 280 25,372 5,624
Interest expense to third parties (260,921) (178,000) (413,451) (490,777)
Interest expense to related parties (1,525,100) (213,359) (2,090,781) (775,591)
Provision for loan losses (229)
Reversal of provision for loan loss (81,937) (81,937)
Total other expenses (1,868,127) (391,079) (2,561,026) (1,260,744)
Loss before provision for income taxes (697,649) (746,603) (1,819,769) (2,477,722)
Provision for income taxes
Loss from operations (697,649) (746,603) (1,819,769) (2,477,722)
Less: Net loss attributable to the non-controlling interest (577,071) (284,345) (861,707) (740,240)
Net loss attributable to the Company's shareholders - continuing operations (120,578) (462,258) (958,062) (1,737,482)
Discontinued operations        
Income from discontinued operations before income taxes (Note 11) 390,840 1,393,249
Other income 1,029,636 1,029,636
Loss on disposal (5,127,174) (5,127,174)
Provision for income taxes (97,711) (348,313)
Loss from discontinued operations, net of income taxes (3,804,409) (3,052,602)
Net Loss (697,649) (4,551,012) (1,819,769) (5,530,324)
Net loss attributable to the Company's shareholders (120,578) (4,266,667) (958,062) (4,790,084)
Comprehensive Loss:        
Net Loss (697,649) (4,551,012) (1,819,769) (5,530,324)
Foreign currency translation adjustment (100,193) (206,623) (201,229) (354,013)
Comprehensive loss (797,842) (4,757,635) (2,020,998) (5,884,337)
Less: comprehensive loss attributable to non-controlling interest
Comprehensive loss attributable to the Company $ (797,842) $ (4,757,635) $ (2,020,998) $ (5,884,337)
Weighted average number of common shares outstanding basic and diluted 27,208,849 32,187,091 27,485,092 32,212,993
CONTINUING OPERATIONS        
-Basic $ (0.00) $ (0.01) $ (0.03) $ (0.05)
-Diluted (0.00) (0.01) (0.03) (0.05)
DISCONTINUED OPERATIONS        
-Basic (0.00) (0.12) (0.00) (0.09)
-Diluted (0.00) (0.12) (0.00) (0.09)
NET LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY        
-Basic (0.00) (0.13) (0.03) (0.15)
-Diluted $ (0.00) $ (0.13) $ (0.03) $ (0.15)