DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations

Schedule of Loss from discontinued operations

	December 31		December 31,
	2021		2020
Revenues	$	16,464,160	$	5,591,146
Cost of sales		(13,741,705)		(5,026,920	)
Gross profit		2,722,455		564,226
Operating expenses:
General and Administrative		(281,460)		(150,945	)
Selling expenses		(881,654)		(41,800	)
Research and development		(6,959)		(34,695	)
Total		1,552,382	$	336,786
Other income (expense)
Interest income	$	378	$	20
Other (expense) income, net		66,871		(408	)
Other finance expenses		(14,939)		(27	)
Total		52,310		(415	)
Loss from discontinued operations before income tax		1,604,692		336,371
Income tax provision		(593,389)		(103,218	)
Income from discontinued operations before non-controlling interest	$	1,011,303	$	233,153
Less: Net loss attributable to non-controlling interest		—		111,404
Income from discontinued operation	$	1,011,303	$	121,749

Schedule of components of assets and liabilities

	December 31,		December 31,
	2021		2020
Cash	$	866,075	$	47,859
Accounts receivable		2,990,419		726,845
Other current assets		7,041,322		46,915
Prepayments, net		2,644,553		1,459,948
Inventories		130,532		—
Property, plant and equipment, net		17,044		2,755
Other non-current assets		70,454		64,299
Total assets related to discontinued operations		13,760,399		2,348,621
Accounts payable		813,038		724,022
Other payables and accrued expenses		794,599		100,657
Operating lease liabilities-current		20,621		58,422
Customer deposits		865,717		947,687
Tax payables		2,334,922		228,129
Other non-current liabilities		29,051		—
Total liabilities related to discontinued operations	$	4,857,948	$	2,058,917