Intangible Assets, Net

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

Intangible assets represent computer software. The intangible assets are recorded at historic acquisition costs, and amortized on a straight-line basis over their estimated useful lives.

Costs associated with maintaining computer software programs are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Company will be recognized as intangible assets when the criteria of intangible assets are met.

Intangible assets are not amortized where their useful lives are assessed to be indefinite. The useful life of an intangible asset that is not being amortized is reviewed annually to determine whether events and circumstances continue to support the indefinite useful life assessment for that asset. Otherwise, the change in useful life assessment from indefinite to finite is accounted for prospectively from the date of change and in accordance with the policy for amortization of intangible assets with finite lives as set out above.

	Computer
	software
Cost
At 1 January 2019	$	846,958
Additions		42,607
Exchange differences		29,441
At 30 June 2019 (Unaudited)		919,006
Accumulated amortization
At 1 January 2019		617,618
Amortization charged for the period		20,164
Exchange differences		36,590
At 30 June 2019 (Unaudited)		674,372
Net book value
At 30 June 2019 (Unaudited)	$	244,634

9. INTANGIBLE ASSETS, NET

	Computer
	software
Cost
At 1 January 2017	$	586,671
Additions		98,311
Exchange differences		58,310
At 31 December 2017		743,292
Additions		101,446
Exchange differences		2,220
At 31 December 2018		846,958
Accumulated amortization
At 1 January 2017		490,049
Amortization charged for the year		39,179
Exchange differences		47,312
As 31 December 2017		576,540
Amortization charged for the year		39,061
Exchange differences		2,017
As 31 December 2018		617,618
Net book value
At 31 December 2018	$	229,340
At 31 December 2017	$	166,752