PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

9. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

	As of December 31, 2020			As of December 31, 2019
Computer and office equipment	$	81,437		$	-
Furniture & fixtures		126,966			-
Leasehold improvements		210,496			-
Vehicle		102,564			-
Subtotal		521,463			-
Less: accumulated depreciation		(223,154	)		-
Total	$	298,309		$	-

Depreciation expense for the years ended December 31, 2020 and 2019 amounted to $55,407 and $- (unaudited), respectively. There was no depreciation expense for the six months ended December 31, 2019.