XML 55 R43.htm IDEA: XBRL DOCUMENT v3.21.2
SCHEDULE OF ADJUSTMENT INFORMATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Total Revenue $ 4,795,567     $ 2,148,923     $ 16,945,913 $ 7,179,919    
Cost of Sales             8,510,205 5,609,303    
General and Administrative 2,539,584     946,654     13,466,414 4,535,178    
Total Operating Expenses 4,743,985     2,563,031     21,976,619 10,144,481    
Loss From Operations 51,582     (414,108)     (5,030,706) (2,964,562)    
Interest Expense (330)     (19,825)     (316,615) (160,341)    
Foreign Exchange Transaction Gain (578,903)     (482,209)     1,842,128 981,564    
Unrealized Gain (Loss) on Securities Investment (5,268,531)     (12,444,635)     (35,972,445) (10,883,149)    
Finance Cost (27,798)     (68,151)     (50,871,869) (73,041)    
Other Income 53,135     11,241     77,591 55,125    
Total Other Income (Expense), Net (8,126,066)     (12,624,022)     (87,293,906) (9,780,603)    
Net Income (Loss) from Continuing Operations Before Income Taxes (8,074,484)     (13,038,130)     (92,324,612) (12,745,165)    
Income Tax Expense from Continuing Operations     74,106     446,757 188,759    
Net Income (Loss) from Continuing Operations (8,074,484)     (13,112,236)     (92,771,369) (12,933,924)    
Loss from Discontinued Operations, Net of Tax     (56,053)     (417,438)    
Net Income (Loss) (8,074,484) $ (74,889,324) $ (9,807,561) (13,168,289) $ (2,434,514) $ 2,251,441 (92,771,369) (13,351,362)    
Net Loss Attributable to Non-Controlling Interest (964,347)     (3,544,037)     (12,771,919) (4,177,058)    
Net Income (Loss) Attributable to Common Stockholders (7,110,137)     (9,624,252)     (79,999,450) (9,174,304)    
Unrealized Gain on Securities Investment (19,060)     29,123     (56,969) 29,639    
Foreign Currency Translation Adjustment 1,238,356     (462,064)     4,077,987 585,085    
Comprehensive Income (Loss) (9,331,900)     (12,677,102)     (96,906,325) (13,906,808)    
Comprehensive Loss Attributable to Non-controlling Interests (1,350,889)     (3,239,255)     (14,264,651) (4,240,806)    
Comprehensive Loss Attributable to Common Stockholders $ (7,981,011)     $ (9,437,847)     $ (82,641,674) $ (9,666,002)    
Continuing Operations $ (0.19)     $ (1.00)     $ (4.14) $ (1.01)    
Discontinued Operations     (0.01)     (0.04)    
Net Income Per Share $ (0.19)     $ (1.01)     $ (4.14) $ (1.05)    
Weighted Average Common Shares Outstanding - Basic and Diluted 38,030,098     9,758,236     19,785,922 8,712,081    
Cash $ 67,944,590           $ 67,944,590   $ 24,965,946  
Restricted Cash 4,996,543           4,996,543   6,769,533  
Account Receivables, Net 912,650           912,650   1,366,194  
Other Receivables 559,644           559,644   644,576  
Note Receivables - Related Party 547,616           547,616   649,569  
Prepaid Expenses 1,479,092           1,479,092   1,470,680  
Inventory 45,250           45,250   90,068  
Investment in Securities at Fair Value 39,787,402           39,787,402   49,172,457  
Investment in Securities at Cost 98,204           98,204   280,516  
Deposits 255,905           255,905   48,820  
Total Current Assets 147,567,414           147,567,414   85,458,359  
Operating Lease Right-Of-Use Asset 599,481           599,481   574,754  
Deposit 40,790           40,790   249,676  
Property and Equipment, Net 273,463           273,463   85,365  
Total Assets 175,136,141     $ 175,136,141     175,136,141 $ 175,136,141 107,713,745  
Accounts Payable and Accrued Expenses 1,137,997           1,137,997   1,671,265  
Deferred Revenue 1,636,475           1,636,475   2,867,226  
Builder Deposits 244,936           244,936   1,262,336  
Operating Lease Liability 314,146           314,146   381,412  
Note Payable 319,254           319,254   172,706  
Note Payable- Related Parties 5,278,617 5,278,617         5,278,617   2,534,281  
Total Current Liabilities 8,931,425           8,931,425   8,889,226  
Operating Lease Liability 297,498           297,498   193,342  
Notes Payable             636,362  
Total Liabilities 9,228,923           9,228,923   9,718,930  
Common Stock 45,722           45,722   8,570  
Additional Paid in Capital 266,633,480           266,633,480   102,729,944  
Accumulated Deficit (124,909,747)           (124,909,747)   (44,910,297)  
Accumulated Other Comprehensive Income (Loss) (1,002,212) (40,823) 1,092,609 1,035,604 734,482 355,239 (1,002,212) 1,035,604 2,143,338 $ 1,458,289
Total Stockholders’ Equity 140,767,242           140,767,242   59,971,555  
Non-controlling Interests 25,139,975           25,139,975   38,023,260  
Total Stockholders’ Equity 165,907,218 $ 115,064,786 $ 85,858,878 $ 90,664,457 $ 26,236,120 $ 25,970,201 165,907,218 $ 90,664,457 97,994,815 $ 23,218,436
Total Liabilities and Stockholders’ Equity $ 175,136,141           175,136,141   107,713,745  
As Combined [Member]                    
Total Revenue             7,179,919      
Cost of Sales             5,609,303      
General and Administrative             4,535,178      
Total Operating Expenses             10,144,481      
Loss From Operations             (2,964,562)      
Interest Income             47,863      
Interest Expense             (160,341)      
Foreign Exchange Transaction Gain             981,564      
Unrealized Gain (Loss) on Securities Investment             (10,883,149)      
Realized Gain on Security Investment             444,508      
Loss on Investment on Security by Equity Method             (193,132)      
Finance Cost             (73,041)      
Other Income             55,125      
Total Other Income (Expense), Net             (9,780,603)      
Net Income (Loss) from Continuing Operations Before Income Taxes             (12,745,165)      
Income Tax Expense from Continuing Operations             (188,759)      
Net Income (Loss) from Continuing Operations             (12,933,924)      
Loss from Discontinued Operations, Net of Tax             (417,438)      
Net Income (Loss)             (13,351,362)      
Net Loss Attributable to Non-Controlling Interest             (4,177,058)      
Net Income (Loss) Attributable to Common Stockholders             (9,174,304)      
Unrealized Gain on Securities Investment             29,639      
Foreign Currency Translation Adjustment             (585,085)      
Comprehensive Income (Loss)             (13,906,808)      
Comprehensive Loss Attributable to Non-controlling Interests             (4,240,806)      
Comprehensive Loss Attributable to Common Stockholders             $ (9,666,002)      
Continuing Operations             $ (1.01)      
Discontinued Operations             (0.04)      
Net Income Per Share             $ (1.05)      
Weighted Average Common Shares Outstanding - Basic and Diluted             8,712,081      
Cash                 24,965,946  
Restricted Cash                 6,769,533  
Account Receivables, Net                 1,366,194  
Other Receivables                 644,576  
Note Receivables - Related Party                 649,569  
Prepaid Expenses                 1,470,680  
Inventory                 90,068  
Investment in Securities at Fair Value                 49,172,457  
Investment in Securities at Cost                 280,516  
Investment in Securities on Equity Method                  
Deposits                 48,820  
Total Current Assets                 85,458,359  
Properties under Development                 20,505,591  
Operating Lease Right-Of-Use Asset                 574,754  
Deposit                 249,676  
Loan Receivable                 840,000  
Property and Equipment, Net                 85,365  
Total Assets                 107,713,745  
Accounts Payable and Accrued Expenses                 1,671,226  
Deferred Revenue                 2,867,226  
Builder Deposits                 1,262,336  
Operating Lease Liability                 381,412  
Note Payable                 172,706  
Note Payable- Related Parties                 2,534,281  
Total Current Liabilities                 8,889,226  
Builder Deposits                  
Operating Lease Liability                 193,342  
Notes Payable                 636,362  
Total Liabilities                 9,718,930  
Common Stock                 8,570  
Additional Paid in Capital                 102,729,944  
Accumulated Deficit                 (44,910,297)  
Accumulated Other Comprehensive Income (Loss)                 2,143,338  
Total Stockholders’ Equity                 59,971,555  
Non-controlling Interests                 38,023,260  
Total Stockholders’ Equity                 97,994,815  
Total Liabilities and Stockholders’ Equity                 107,713,745  
American Pacific Bancorp Inc and Heng Feng Finance Limited [Member]                    
Total Revenue                  
Cost of Sales                  
General and Administrative             330,665      
Total Operating Expenses             330,665      
Loss From Operations             (330,665)      
Interest Income             32,801      
Interest Expense                  
Foreign Exchange Transaction Gain                  
Unrealized Gain (Loss) on Securities Investment             (5,311)      
Realized Gain on Security Investment                  
Loss on Investment on Security by Equity Method                  
Finance Cost             (73,041)      
Other Income             2,278      
Total Other Income (Expense), Net             (43,273)      
Net Income (Loss) from Continuing Operations Before Income Taxes             (373,938)      
Income Tax Expense from Continuing Operations                  
Net Income (Loss) from Continuing Operations             (373,938)      
Loss from Discontinued Operations, Net of Tax                  
Net Income (Loss)             (373,938)      
Net Loss Attributable to Non-Controlling Interest             (50,706)      
Net Income (Loss) Attributable to Common Stockholders             (323,232)      
Unrealized Gain on Securities Investment                  
Foreign Currency Translation Adjustment                  
Comprehensive Income (Loss)             (373,938)      
Comprehensive Loss Attributable to Non-controlling Interests             (50,706)      
Comprehensive Loss Attributable to Common Stockholders             (323,232)      
Cash                 2,348,478  
Restricted Cash                  
Account Receivables, Net                  
Other Receivables                 279,177  
Note Receivables - Related Party                 24,583  
Prepaid Expenses                  
Inventory                  
Investment in Securities at Fair Value                 313,343  
Investment in Securities at Cost                  
Investment in Securities on Equity Method                  
Deposits                 1,801  
Total Current Assets                 2,967,382  
Properties under Development                  
Operating Lease Right-Of-Use Asset                  
Deposit                  
Loan Receivable                 840,000  
Property and Equipment, Net                  
Total Assets                 3,807,382  
Accounts Payable and Accrued Expenses                 118,133  
Deferred Revenue                  
Builder Deposits                  
Operating Lease Liability                  
Note Payable                  
Note Payable- Related Parties                 184,250  
Total Current Liabilities                 302,383  
Builder Deposits                  
Operating Lease Liability                  
Notes Payable                  
Total Liabilities                 302,383  
Common Stock                 47,756  
Additional Paid in Capital                 3,975,261  
Accumulated Deficit                 (993,296)  
Accumulated Other Comprehensive Income (Loss)                  
Total Stockholders’ Equity                 3,029,721  
Non-controlling Interests                 475,278  
Total Stockholders’ Equity                 3,504,999  
Total Liabilities and Stockholders’ Equity                 3,807,382  
Liquid Value Development Pte Ltd [Member]                    
Total Revenue                  
Cost of Sales                  
General and Administrative             7,574      
Total Operating Expenses             7,574      
Loss From Operations             (7,574)      
Interest Income             67      
Interest Expense                  
Foreign Exchange Transaction Gain             21,296      
Unrealized Gain (Loss) on Securities Investment             122      
Realized Gain on Security Investment             444,508      
Loss on Investment on Security by Equity Method                  
Finance Cost                  
Other Income                  
Total Other Income (Expense), Net             465,993      
Net Income (Loss) from Continuing Operations Before Income Taxes             458,419      
Income Tax Expense from Continuing Operations                  
Net Income (Loss) from Continuing Operations             458,419      
Loss from Discontinued Operations, Net of Tax                  
Net Income (Loss)             458,419      
Net Loss Attributable to Non-Controlling Interest                  
Net Income (Loss) Attributable to Common Stockholders             458,419      
Unrealized Gain on Securities Investment                  
Foreign Currency Translation Adjustment                  
Comprehensive Income (Loss)             458,419      
Comprehensive Loss Attributable to Non-controlling Interests                  
Comprehensive Loss Attributable to Common Stockholders             458,419      
Cash                 492,977  
Restricted Cash                  
Account Receivables, Net                  
Other Receivables                 95,177  
Note Receivables - Related Party                  
Prepaid Expenses                  
Inventory                  
Investment in Securities at Fair Value                 1,631  
Investment in Securities at Cost                  
Investment in Securities on Equity Method                 74,535  
Deposits                  
Total Current Assets                 664,320  
Properties under Development                  
Operating Lease Right-Of-Use Asset                  
Deposit                  
Loan Receivable                  
Property and Equipment, Net                  
Total Assets                 664,320  
Accounts Payable and Accrued Expenses                  
Deferred Revenue                  
Builder Deposits                  
Operating Lease Liability                  
Note Payable                  
Note Payable- Related Parties                 823,823  
Total Current Liabilities                 823,823  
Builder Deposits                  
Operating Lease Liability                  
Notes Payable                  
Total Liabilities                 823,823  
Common Stock                  
Additional Paid in Capital                 756,487  
Accumulated Deficit                 (906,010)  
Accumulated Other Comprehensive Income (Loss)                 (9,980)  
Total Stockholders’ Equity                 (159,503)  
Non-controlling Interests                  
Total Stockholders’ Equity                 (159,503)  
Total Liabilities and Stockholders’ Equity                 664,320  
Real Estate [Member]                    
Total Revenue             12,000,000      
Real Estate [Member] | As Combined [Member]                    
Total Revenue             7,148,786      
Real Estate [Member] | American Pacific Bancorp Inc and Heng Feng Finance Limited [Member]                    
Total Revenue                  
Real Estate [Member] | Liquid Value Development Pte Ltd [Member]                    
Total Revenue                  
Biohealth Property Sales [Member]                    
Total Revenue             4,900,000      
Biohealth Property Sales [Member] | As Combined [Member]                    
Total Revenue             31,133      
Biohealth Property Sales [Member] | American Pacific Bancorp Inc and Heng Feng Finance Limited [Member]                    
Total Revenue                  
Biohealth Property Sales [Member] | Liquid Value Development Pte Ltd [Member]                    
Total Revenue                  
Previously Reported [Member]                    
Total Revenue             7,179,919      
Cost of Sales             5,609,303      
General and Administrative             4,196,939      
Total Operating Expenses             9,806,242      
Loss From Operations             (2,626,323)      
Interest Income             14,995      
Interest Expense             (160,341)      
Foreign Exchange Transaction Gain             960,268      
Unrealized Gain (Loss) on Securities Investment             (10,877,960)      
Realized Gain on Security Investment                  
Loss on Investment on Security by Equity Method             (193,132)      
Finance Cost                  
Other Income             52,847      
Total Other Income (Expense), Net             (10,203,323)      
Net Income (Loss) from Continuing Operations Before Income Taxes             (12,829,646)      
Income Tax Expense from Continuing Operations             (188,759)      
Net Income (Loss) from Continuing Operations             (13,018,405)      
Loss from Discontinued Operations, Net of Tax             (417,438)      
Net Income (Loss)             (13,435,843)      
Net Loss Attributable to Non-Controlling Interest             (4,126,352)      
Net Income (Loss) Attributable to Common Stockholders             (9,309,491)      
Unrealized Gain on Securities Investment             29,639      
Foreign Currency Translation Adjustment             (585,085)      
Comprehensive Income (Loss)             (13,991,289)      
Comprehensive Loss Attributable to Non-controlling Interests             (4,190,100)      
Comprehensive Loss Attributable to Common Stockholders             $ (9,801,189)      
Continuing Operations             $ (1.07)      
Discontinued Operations             (0.03)      
Net Income Per Share             $ (1.10)      
Weighted Average Common Shares Outstanding - Basic and Diluted             8,712,081      
Cash                 22,124,491  
Restricted Cash                 6,769,533  
Account Receivables, Net                 1,366,194  
Other Receivables                 270,222  
Note Receivables - Related Party                 624,986  
Prepaid Expenses                 1,470,680  
Inventory                 90,068  
Investment in Securities at Fair Value                 48,857,483  
Investment in Securities at Cost                 280,516  
Investment in Securities on Equity Method                  
Deposits                 47,019  
Total Current Assets                 81,901,192  
Properties under Development                 20,505,591  
Operating Lease Right-Of-Use Asset                 574,754  
Deposit                 249,676  
Loan Receivable                  
Property and Equipment, Net                 85,365  
Total Assets                 103,316,578  
Accounts Payable and Accrued Expenses                 1,553,132  
Deferred Revenue                 2,867,226  
Builder Deposits                 1,262,336  
Operating Lease Liability                 381,412  
Note Payable                 172,706  
Note Payable- Related Parties                 1,526,208  
Total Current Liabilities                 7,763,020  
Builder Deposits                  
Operating Lease Liability                 193,342  
Notes Payable                 636,362  
Total Liabilities                 8,592,724  
Common Stock                 8,570  
Additional Paid in Capital                 97,950,440  
Accumulated Deficit                 (43,010,991)  
Accumulated Other Comprehensive Income (Loss)                 2,153,318  
Total Stockholders’ Equity                 57,101,337  
Non-controlling Interests                 37,622,517  
Total Stockholders’ Equity                 94,723,854  
Total Liabilities and Stockholders’ Equity                 103,316,578  
Previously Reported [Member] | Real Estate [Member]                    
Total Revenue             $ 7,148,786      
Previously Reported [Member] | Biohealth Property Sales [Member]                    
Total Revenue             $ 31,133      
Eliminations [Member]                    
Cash                  
Restricted Cash                  
Account Receivables, Net                  
Other Receivables                  
Note Receivables - Related Party                  
Prepaid Expenses                  
Inventory                  
Investment in Securities at Fair Value                  
Investment in Securities at Cost                  
Investment in Securities on Equity Method                 (74,535)  
Deposits                  
Total Current Assets                 (74,535)  
Properties under Development                  
Operating Lease Right-Of-Use Asset                  
Deposit                  
Loan Receivable                  
Property and Equipment, Net                  
Total Assets                 (74,535)  
Accounts Payable and Accrued Expenses                  
Deferred Revenue                  
Builder Deposits                  
Operating Lease Liability                  
Note Payable                  
Note Payable- Related Parties                  
Total Current Liabilities                  
Builder Deposits                  
Operating Lease Liability                  
Notes Payable                  
Total Liabilities                  
Common Stock                 (47,756)  
Additional Paid in Capital                 47,756  
Accumulated Deficit                  
Accumulated Other Comprehensive Income (Loss)                  
Total Stockholders’ Equity                  
Non-controlling Interests                 (74,535)  
Total Stockholders’ Equity                 (74,535)  
Total Liabilities and Stockholders’ Equity                 $ (74,535)