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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 498,189 $ 1,709,210
Restricted cash 1,581,620 1,699,331
Short-term financial instruments 687,588 741,417
Short-term loan receivable 203,906 25,000
Accounts receivables, net of allowance for doubtful accounts $674,129 and $725,389 respectively 2,360,962 2,692,933
Deferred tax assets - current 61,380 65,947
Prepaid expenses and other current assets 1,458,597 856,959
Total current assets 6,852,242 7,790,797
Non-current assets:    
Investments 91,943 102,756
Property and equipment, net 200,191 163,995
Intangible assets, net 141,595 136,432
Deposits 341,483 358,028
Derivative asset 101,770 109,343
Deferred tax assets - non current 1,133,545 1,211,621
Total non-current assets 2,010,527 2,082,175
Total Assets 8,862,769 9,872,972
Current liabilities:    
Accounts payable 634,309 375,318
Accrued expenses and other 822,969 790,676
Value added tax payable 137,741 108,534
Income tax payable 21,476 20,353
Short-term loan payable 457,837 626,062
Current portion of long term debt 20,802 89,509
Total current liabilities 2,095,134 2,010,452
Convertible debt 0 25,000
Long term debt, net of current portion 374,528 402,397
Total liabilities 2,469,662 2,437,849
Commitments and contingencies
Stockholders' Equity    
Common stock, $0.0001 par value; authorized 100,000,000 shares; 35,030,339 shares issued and outstanding at Sept 30, 2019 and December 31, 2018 3,603 3,603
Treasury stock (709,478) (709,478)
Additional paid-in-capital 3,646,740 3,582,987
Accumulated other comprehensive loss (528,373) (52,193)
Accumulated retained earnings 3,497,760 4,609,785
Total company stockholders' equity 5,910,252 7,434,704
Preferred stock - $0.4380 (KRW 500) par value; authorized 2,000,000 shares; 157,142 shares issued and outstanding at September 30, 2019 and none at December 31, 2018 481,862 0
Non-controlling interests 993 419
Total stockholders' equity 6,393,107 7,435,123
Total Liabilities and Stockholders' Equity $ 8,862,769 $ 9,872,972