Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table summarizes the net assets of Bright Swallow at the date of disposal (January 7, 2020):

Cash and cash equivalents	$	1,462,200
Accounts receivable, net		969,841
Advance to suppliers		609,935
Accounts payable		(948	)
Advance from customers		(126,916	)
Accrued liabilities and other payables		(2,553	)
Income tax payable		(85,028	)
Net assets of Bright Swallow upon disposal		2,826,531
Cash received as of March 31, 2020		(2,500,000	)
Loss on disposal of subsidiary	$	(326,531	)

	March 31, 2020
Sales	$	-
Cost of sales		-
Operating expenses		-
Other expense, net		-
Loss on disposal of subsidiary		(326,531	)
Loss before income taxes		(326,531	)
Income tax benefit		-
Loss from discontinued operations	$	(326,531	)