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Consolidated Statements of Changes in Equity - USD ($)
Common Stock
Share subscription receivable
Additional Paid-In Capital
Retained Earnings (accumulated deficit)
Non-controlling interest
Accumulated other comprehensive) income (loss)
Total
Balance at Dec. 31, 2016 $ 11,509 $ (11,509) $ 5,519,507 $ (4,725,154) $ 217,812 $ 1,012,165
Balance, Shares at Dec. 31, 2016 [1] 6,905,248            
Net income (loss) for the year 3,984,866 (6,671) 3,978,195
Foreign currency translation adjustment (257) 221,389 221,132
Balance at Dec. 31, 2017 $ 11,509 (11,509) 5,519,507 (740,288) (6,928) 439,201 5,211,492
Balance, Shares at Dec. 31, 2017 [1] 6,905,248            
Net income (loss) for the year 1,546,290 7,336   1,553,626
Foreign currency translation adjustment (408) (338,830) (339,238)
Balance at Dec. 31, 2018 $ 11,509 (11,509) 5,519,507 806,002 100,371 6,425,880
Balance, Shares at Dec. 31, 2018 [1] 6,905,248            
Issuance of shares –initial public offering, net of issuance costs $ 3,354 11,509 8,007,124 8,021,987
Issuance of shares –initial public offering, net of issuance costs, shares [1] 2,012,500            
Capital contribution by non-controlling shareholder 129 129
Restricted shares issued for services $ 83 18,347   18,430
Restricted shares issued for services [1] 50,000            
Options granted for services 2,333,460 2,333,460
Net income (loss) for the year (10,786,837) (145) (10,786,982)
Foreign currency translation adjustment 1 (101,858) (101,857)
Balance at Dec. 31, 2019 $ 14,946 $ 15,878,438 $ (9,980,835) $ (15) $ (1,487) $ 5,911,047
Balance, Shares at Dec. 31, 2019 [1] 8,967,748            
[1] Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance and share split on August 18, 2018 and February 10, 2019.