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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 5,510 $ 22,684
Prepaid expenses and other current assets, net 100,000 100,254
Total Current Assets 105,510 122,938
Equipment, Net 438 1,316
TOTAL ASSETS 105,948 124,254
Current Liabilities    
Accounts payable, accrued expenses and other payables 4,796,955 4,033,084
Short-term loans 2,951,765 2,916,600
1% convertible promissory notes due 2016, net 5,000,000 5,000,000
Total Current Liabilities 12,748,720 11,949,684
TOTAL LIABILITIES 12,748,720 11,949,684
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.001 par value, 5,000,000 shares authorized None issued and outstanding
Common stock, $0.001 par value, 26,666,667 shares authorized Shares issued and outstanding: 8,774,263 and 8,732,263 as of December 31, 2019 and 2018, respectively 8,773 8,731
Additional paid-in capital 124,209,441 124,133,095
Accumulated deficit (138,564,904) (137,671,203)
Accumulated other comprehensive income 1,703,918 1,703,947
TOTAL STOCKHOLDERS' DEFICIT (12,642,772) (11,825,430)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 105,948 $ 124,254