Subsequent Events	12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 21– SUBSEQUENT EVENTS Shares issued or to be issued for services On January 2, 2018, pursuant to a one-year consulting agreement between the Company and a consultant for business development services to be rendered, the Company agreed to pay this consultant $300,000 to be paid by the issuance of an aggregate of 75,000 shares as follows: 40,000 shares were issued in January 2018, 35,000 shares during the sixth month from the agreement date. The initial 40,000 shares were valued at $303,200, or $7.58 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $303,200 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 35,000 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair value of these shares was valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On January 5, 2018 pursuant to a two-year consulting agreement between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $276,000 per year to be paid by the issuance of an aggregate of 80,000 shares as follows: 20,000 shares were issued in February 2018, 20,000 shares during the sixth month from the agreement date, and 40,000 shares during the twelfth month from the agreement date. The initial 20,000 shares were valued at $181,800, or $9.09 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $181,800 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 60,000 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair value of these shares was valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On January 17, 2018, pursuant to a one-year consulting agreement effective January 17, 2018 between the Company’s wholly-owned subsidiary, EC Technology & Innovations Limited and a consultant for blockchain technological development services to be rendered, the Company agreed to pay this consultant $360,000 to be paid by the issuance of 45,000 shares within 30 days from the date of agreement (or such longer period as shall be required to fulfil the relevant laws, regulations and rules in the United States of America for the issue of shares). The shares were valued at $312,750, or $6.95 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $312,750 over the service period. On January 19, 2018, pursuant to a two-year consulting agreement between the Company’s wholly-owned subsidiary, EC Manpower Limited and three consultants for business development services to be rendered, the Company agreed to pay these consultant $384,618 per year to be paid by the issuance of an aggregate of 139,872 shares (46,624 shares each) as follows: 34,968 shares (11,656 shares each) were issued in February 2018. 34,968 shares (11,656 shares each) during the sixth month from the agreement date, 34,968 shares (11,656 shares each) during the 12^th month from the agreement date, and 34,968 shares (11,656 shares each) during the 18^th month from the agreement date. The initial 34,968 shares were valued at $225,544, or $6.45 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $225,544 over the service period. Additionally, pursuant to these consulting agreements, the Company will issue an additional 104,904 share of common stock to these consultants as outlined above, provided that these Agreement are not terminated prior to date of the issuance of these shares. The initial fair value of these shares was valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultants. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultants pursuant these agreement are removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultants for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall annually by causing the Company to issue shares at the average closing price of the 5 trading days immediately before the first and second anniversary date of the date of this agreement, provided that the maximum number of shares issued for the Shortfall shall not exceed 13,989 Shares per year of services. On January 24, 2018, pursuant to a one-year consulting agreement between the Company’s subsidiary, Inspirit Studio Limited and four individuals for business development services to be rendered, the Company agreed to pay these consultants $412,106 to be paid by the issuance of 70,206 shares (27,931 , 15,455 , 14,065 and 12,755 shares, respectively) The shares were issued in February 2018 and were valued at $353,838, or $5.04 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $353,838 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant these agreement are removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultants for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first date, provided that the maximum number of shares issued for the Shortfall shall not exceed 14,041 Shares (5,586, 3,091, 2,813 and 2,551 shares, respectively) On January 24, 2018, pursuant to a one-year consulting agreement effective January 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for market education development services rendered and to be rendered, the Company agreed to pay this consultant $1,282 per month payable in arrear; and $128,205 to be paid by the issuance of 18,315 shares. The shares were issued in February 2018 and were valued at $92,308, or $5.04 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $92,308 over the service period. On January 28, 2018, pursuant to a two-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, EC Rental Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $230,769 annually to be paid by the issuance of an aggregate of 92,308 shares as follows: 46,154 shares were issued in February 2018, 46,154 shares during the sixth month from the agreement date. The initial 46,154 shares were valued at $238,154, or $5.16 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $238,154 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 46,154 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On January 31, 2018, pursuant to a one-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, EC Advertising Limited and an individual for marketing and advertising services to be rendered, the Company agreed to pay this consultant $192,308 to be paid by the issuance of 38,617. The share were issued in March 2018 and were valued at $184,975, or $4.79 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $184,975 over the service period. On January 31, 2018, pursuant to a one-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, EC Rental Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $128,205 to be paid by the issuance of an aggregate of 26,325 shares as follows: 17,550 shares were issued in February 2018, 8,775 shares during the third month from the agreement date. The initial 17,550 shares were valued at $84,065, or $4.79 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $84,065 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 8,775 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 5, 2018, pursuant to a two-year consulting agreement effective February 20, 2018 between the Company’s wholly-owned subsidiary, EC Advertising Limited and an individual for advertising services to be rendered, the Company agreed to pay this consultant $192,308 annually to be paid by the issuance of an aggregate of 88,500 shares as follows: 44,250 shares were issued in February 2018, 44,250 shares during the sixth month from the agreement date. The initial 44,250 shares were valued at $192,930, or $4.36 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $192,930 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 44,250 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 6, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, Sharing Economy Investment Limited and a consultant for legal support services to be rendered, the Company agreed to pay this consultant $230,769 to be paid by the issuance of an aggregate of 51,800 shares as follows: 35,000 shares were issued in March 2018, 16,800 shares during the third month from the agreement date. The initial 35,000 shares were valued at $153,650, or $4.39 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $153,650 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 16,800 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 6, 2018, pursuant to a one-year consulting agreement effective April 16, 2018 between the Company’s subsidiary, Inspirit Studio Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $107,770 to be paid by the issuance of 24,164 shares. The shares were issued in March 2018 and were valued at $106,080, or $4.39 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $106,080 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first day, provided that the maximum number of shares issued for the Shortfall shall not exceed 4,833 Shares. On February 9, 2018, pursuant to a one-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, Sharing Economy Investment Limited and an individual for executive program management services rendered and to be rendered, the Company agreed to pay this consultant $192,308 to be paid by the issuance of 45,143 shares. The shares were issued in March 2018 and were valued at $180,572, or $4.00 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $180,572 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first date, provided that the maximum number of shares issued for the Shortfall shall not exceed 9,029 Shares. On February 14, 2018, pursuant to a one-year consulting agreement effective February 20, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for interior renovation consultancy services to be rendered, the Company agreed to pay this consultant $256,410 to be paid by the issuance of 63,156 shares. The shares were issued in February 2018 and were valued at $256,413, or $4.06 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $256,413 over the service period. On February 15, 2018, pursuant to a two-year consulting agreement effective February 20, 2018 between the Company’s wholly-owned subsidiary, EC Advertising Limited and an individual for advertising consultancy services to be rendered, the Company agreed to pay this consultant $166,667 annually to be paid by the issuance of an aggregate of 83,334 shares as follows: 41,667 shares were issued in February 2018, 41,667 shares during the sixth month from the agreement date. The initial 41,667 shares were valued at $176,668, or $4.24 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $176,668 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 41,667 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 19, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Creative Limited and an individual for consultancy services of HR and Administration to be rendered, the Company agreed to pay this consultant $64,103 to be paid by the issuance of an aggregate of 15,410 shares as follows: 10,787 shares were issued in March 2018, 4,623 shares during the fourth month from the agreement date. The initial 10,787 shares were valued at $45,305, or $4.20 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $45,305 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 4,623 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 22, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for IT consultancy services to be rendered, the Company agreed to pay this consultant $82,051 to be paid by the issuance of an aggregate of 19,724 shares as follows: 13,807 shares were issued in March 2018, 5,917 shares during the fourth month from the agreement date. The initial 13,807 shares were valued at $57,851, or $4.19 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $57,851 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 5,917 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 28, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 14,635 shares. The shares were issued in March 2018 and were valued at $59,272, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $59,272 over the service period. On February 28, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 15,000 shares. The shares were issued in March 2018 and were valued at $60,750, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $60,750 over the service period. On February 28, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s subsidiary, Inspirit Studio Limited and an individual for marketing and advertising services to be rendered, the Company agreed to pay this consultant $347,436 to be paid by the issuance of 84,741 shares. The shares were issued in March 2018 and valued at $343,201, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $343,201 over the service period. On February 28, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and a consultant for consultancy and advisory services to be rendered, the Company agreed to pay this consultant $242,308 to be paid by the issuance of an aggregate of 59,100 shares as follows: 41,370 shares were issued in March 2018. 17,730 shares during the fourth month from the agreement date. The initial 41,370 shares were valued at $167,549, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $167,549 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 17,730 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. On February 28, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and a consultant for computer and cloud infrastructure support advisory services to be rendered, the Company agreed to pay this consultant $138,462 to be paid by the issuance of an aggregate of 33,772 shares. The shares were valued at $136,777, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $136,777 over the service period. On March 1, 2018, pursuant to a one-year consulting agreement effective July 1, 2018 between the Company’s wholly owned subsidiary, Sharing Film International Limited and an individual for movie and video development and production management services to be rendered, the Company agreed to pay this consultant $55,846 to be paid by the issuance of 13,722 shares. The shares were issued in March 2018 and were valued at $55,711, or $4.06 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $55,711 over the service period. On March 5, 2018, pursuant to a four-month consulting agreement effective March 1, 2018 between the Company’s subsidiary, Inspirit Studio Limited and an individual for international business development services rendered and to be rendered, the Company agreed to pay this consultant $17,310 to be paid by the issuance of 4,132 shares. The shares were issued in March 2018 and were valued at $18,759, or $4.54 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $18,759 over the service period. On March 5, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 14,320 shares. The shares were issued in March 2018 and were valued at $65,013, or $4.54 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $65,013 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first date, provided that the maximum number of shares issued for the Shortfall shall not exceed 2,745 Shares. On March 6, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 14,319 shares. The shares were issued in March 2018 and were valued at $68,445, or $4.78 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $68,445 over the service period. On April 4, 2018, pursuant to a two-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for business strategy and management consultancy services to be rendered, the Company agreed to pay an individual $372,000 to be paid in cash of $75,000 for the service rendered in first six months and paid by the issuance of an aggregate of 90,826 shares for the service from the seventh month as follows: 45,413 shares within 30 days from the agreement date, 45,413 shares during the seventh month from the agreement date. The initial 45,413 shares were valued at $146,230, or $3.22 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $146,230 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 45,413 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall annually by causing the Company to issue shares at the average closing price of the 5 trading days immediately before the first or the second anniversary date of the agreement date, provided that the maximum number of shares issued for the Shortfall shall not exceed 18,166 Shares. On April 4, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, Sharing Economy Investment Limited and an individual for business development and operation services to be rendered, the Company agreed to pay an individual $128,205 to be paid by the issuance of an aggregate of 37,270 shares as follows: 26,089 shares within 30 days from the agreement date, 11,181 shares during the fourth month from the agreement date. The initial 26,089 shares were valued at $84,007, or $3.22 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $84,007 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 11,181 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. Shares issued for bonus to directors and employees In January 2018, the Company has issued 249,870 shares as bonus to certain directors and employees for performance targets to be achieved for the year in 2018. Common stock sold for cash In January 2018, the Note was converted into 200,100 shares of common stock (see Note 11). In March 2018, pursuant to a stock purchase agreement, the Company sold 69,676 shares of common stock to an investor at a purchase price of $3.68 per share for net cash proceeds a total of $256,410. The Company did not engage a placement agent with respect to these sales. Acquisition On January 19, 2018 (the “Closing Date”), the Company completed the acquisition of 60% of the issued and outstanding capital stock of 3D Discovery Co. Limited (“3D Discovery”), a company incorporation in Hong Kong, from its shareholders pursuant to the terms and conditions of a Sale and Purchase Agreement entered into among the Company and the 3D Discovery Stockholders on the Closing Date (the “Acquisition Agreement”). 3D Discovery is a digital marketing services provider which provides various solution such as 3D scanning and modeling, website and mobile app development, video production, and graphic design to its clients. Apart from its existing business, 3D Discovery plans to develop a mobile app which allows users to create an interactive virtual tour of a physical space by using a mobile phone camera. In connection with the acquisition, the Company issued 68,610 unregistered shares of its common stock valued at $442,535, based on the acquisition-date fair value of our common stock of $6.45 per share based on the quoted market price of the Company’s common stock on the Closing date. On January 30, 2018 (the “Closing Date”), the Company completed the acquisition of 80% of the issued and outstanding capital stock of AnyWorkspace Limited (“AnyWorkspace”), a company incorporation in Hong Kong, from its shareholders pursuant to the terms and conditions of a Sale and Purchase Agreement entered into among the Company and the AnyWorkspace Stockholders on the Closing Date (the “Acquisition Agreement”). AnyWorkspace develops an online, real-time marketplace that connects workspace providers with clients who need temporary office and meeting spaces. In connection with the acquisition, the Company issued 106,464 unregistered shares of its common stock valued at $534,449, based on the acquisition-date fair value of our common stock of $5.02 per share based on the quoted market price of the Company’s common stock on the Closing date.

NOTE 21– SUBSEQUENT EVENTS

Shares issued or to be issued for services

On January 2, 2018, pursuant to a one-year consulting agreement between the Company and a consultant for business development services to be rendered, the Company agreed to pay this consultant $300,000 to be paid by the issuance of an aggregate of 75,000 shares as follows: 40,000 shares were issued in January 2018, 35,000 shares during the sixth month from the agreement date. The initial 40,000 shares were valued at $303,200, or $7.58 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $303,200 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 35,000 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair value of these shares was valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On January 5, 2018 pursuant to a two-year consulting agreement between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $276,000 per year to be paid by the issuance of an aggregate of 80,000 shares as follows: 20,000 shares were issued in February 2018, 20,000 shares during the sixth month from the agreement date, and 40,000 shares during the twelfth month from the agreement date. The initial 20,000 shares were valued at $181,800, or $9.09 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $181,800 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 60,000 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair value of these shares was valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On January 17, 2018, pursuant to a one-year consulting agreement effective January 17, 2018 between the Company’s wholly-owned subsidiary, EC Technology & Innovations Limited and a consultant for blockchain technological development services to be rendered, the Company agreed to pay this consultant $360,000 to be paid by the issuance of 45,000 shares within 30 days from the date of agreement (or such longer period as shall be required to fulfil the relevant laws, regulations and rules in the United States of America for the issue of shares). The shares were valued at $312,750, or $6.95 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $312,750 over the service period.

On January 19, 2018, pursuant to a two-year consulting agreement between the Company’s wholly-owned subsidiary, EC Manpower Limited and three consultants for business development services to be rendered, the Company agreed to pay these consultant $384,618 per year to be paid by the issuance of an aggregate of 139,872 shares (46,624 shares each) as follows: 34,968 shares (11,656 shares each) were issued in February 2018. 34,968 shares (11,656 shares each) during the sixth month from the agreement date, 34,968 shares (11,656 shares each) during the 12^th month from the agreement date, and 34,968 shares (11,656 shares each) during the 18^th month from the agreement date. The initial 34,968 shares were valued at $225,544, or $6.45 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $225,544 over the service period. Additionally, pursuant to these consulting agreements, the Company will issue an additional 104,904 share of common stock to these consultants as outlined above, provided that these Agreement are not terminated prior to date of the issuance of these shares. The initial fair value of these shares was valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultants. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultants pursuant these agreement are removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultants for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall annually by causing the Company to issue shares at the average closing price of the 5 trading days immediately before the first and second anniversary date of the date of this agreement, provided that the maximum number of shares issued for the Shortfall shall not exceed 13,989 Shares per year of services.

On January 24, 2018, pursuant to a one-year consulting agreement between the Company’s subsidiary, Inspirit Studio Limited and four individuals for business development services to be rendered, the Company agreed to pay these consultants $412,106 to be paid by the issuance of 70,206 shares (27,931 , 15,455 , 14,065 and 12,755 shares, respectively) The shares were issued in February 2018 and were valued at $353,838, or $5.04 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $353,838 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant these agreement are removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultants for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first date, provided that the maximum number of shares issued for the Shortfall shall not exceed 14,041 Shares (5,586, 3,091, 2,813 and 2,551 shares, respectively)

On January 24, 2018, pursuant to a one-year consulting agreement effective January 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for market education development services rendered and to be rendered, the Company agreed to pay this consultant $1,282 per month payable in arrear; and $128,205 to be paid by the issuance of 18,315 shares. The shares were issued in February 2018 and were valued at $92,308, or $5.04 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $92,308 over the service period.

On January 28, 2018, pursuant to a two-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, EC Rental Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $230,769 annually to be paid by the issuance of an aggregate of 92,308 shares as follows: 46,154 shares were issued in February 2018, 46,154 shares during the sixth month from the agreement date. The initial 46,154 shares were valued at $238,154, or $5.16 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $238,154 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 46,154 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On January 31, 2018, pursuant to a one-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, EC Advertising Limited and an individual for marketing and advertising services to be rendered, the Company agreed to pay this consultant $192,308 to be paid by the issuance of 38,617. The share were issued in March 2018 and were valued at $184,975, or $4.79 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $184,975 over the service period.

On January 31, 2018, pursuant to a one-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, EC Rental Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $128,205 to be paid by the issuance of an aggregate of 26,325 shares as follows: 17,550 shares were issued in February 2018, 8,775 shares during the third month from the agreement date. The initial 17,550 shares were valued at $84,065, or $4.79 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $84,065 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 8,775 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On February 5, 2018, pursuant to a two-year consulting agreement effective February 20, 2018 between the Company’s wholly-owned subsidiary, EC Advertising Limited and an individual for advertising services to be rendered, the Company agreed to pay this consultant $192,308 annually to be paid by the issuance of an aggregate of 88,500 shares as follows: 44,250 shares were issued in February 2018, 44,250 shares during the sixth month from the agreement date. The initial 44,250 shares were valued at $192,930, or $4.36 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $192,930 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 44,250 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On February 6, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, Sharing Economy Investment Limited and a consultant for legal support services to be rendered, the Company agreed to pay this consultant $230,769 to be paid by the issuance of an aggregate of 51,800 shares as follows: 35,000 shares were issued in March 2018, 16,800 shares during the third month from the agreement date. The initial 35,000 shares were valued at $153,650, or $4.39 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $153,650 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 16,800 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On February 6, 2018, pursuant to a one-year consulting agreement effective April 16, 2018 between the Company’s subsidiary, Inspirit Studio Limited and an individual for business development services to be rendered, the Company agreed to pay this consultant $107,770 to be paid by the issuance of 24,164 shares. The shares were issued in March 2018 and were valued at $106,080, or $4.39 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $106,080 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first day, provided that the maximum number of shares issued for the Shortfall shall not exceed 4,833 Shares.

On February 9, 2018, pursuant to a one-year consulting agreement effective February 1, 2018 between the Company’s wholly-owned subsidiary, Sharing Economy Investment Limited and an individual for executive program management services rendered and to be rendered, the Company agreed to pay this consultant $192,308 to be paid by the issuance of 45,143 shares. The shares were issued in March 2018 and were valued at $180,572, or $4.00 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $180,572 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first date, provided that the maximum number of shares issued for the Shortfall shall not exceed 9,029 Shares.

On February 14, 2018, pursuant to a one-year consulting agreement effective February 20, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for interior renovation consultancy services to be rendered, the Company agreed to pay this consultant $256,410 to be paid by the issuance of 63,156 shares. The shares were issued in February 2018 and were valued at $256,413, or $4.06 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $256,413 over the service period.

On February 15, 2018, pursuant to a two-year consulting agreement effective February 20, 2018 between the Company’s wholly-owned subsidiary, EC Advertising Limited and an individual for advertising consultancy services to be rendered, the Company agreed to pay this consultant $166,667 annually to be paid by the issuance of an aggregate of 83,334 shares as follows: 41,667 shares were issued in February 2018, 41,667 shares during the sixth month from the agreement date. The initial 41,667 shares were valued at $176,668, or $4.24 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $176,668 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 41,667 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On February 19, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Creative Limited and an individual for consultancy services of HR and Administration to be rendered, the Company agreed to pay this consultant $64,103 to be paid by the issuance of an aggregate of 15,410 shares as follows: 10,787 shares were issued in March 2018, 4,623 shares during the fourth month from the agreement date. The initial 10,787 shares were valued at $45,305, or $4.20 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $45,305 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 4,623 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On February 22, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for IT consultancy services to be rendered, the Company agreed to pay this consultant $82,051 to be paid by the issuance of an aggregate of 19,724 shares as follows: 13,807 shares were issued in March 2018, 5,917 shares during the fourth month from the agreement date. The initial 13,807 shares were valued at $57,851, or $4.19 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $57,851 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 5,917 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On February 28, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 14,635 shares. The shares were issued in March 2018 and were valued at $59,272, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $59,272 over the service period.

On February 28, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 15,000 shares. The shares were issued in March 2018 and were valued at $60,750, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $60,750 over the service period.

On February 28, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s subsidiary, Inspirit Studio Limited and an individual for marketing and advertising services to be rendered, the Company agreed to pay this consultant $347,436 to be paid by the issuance of 84,741 shares. The shares were issued in March 2018 and valued at $343,201, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $343,201 over the service period.

On February 28, 2018, pursuant to a one-year consulting agreement effective March 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and a consultant for consultancy and advisory services to be rendered, the Company agreed to pay this consultant $242,308 to be paid by the issuance of an aggregate of 59,100 shares as follows: 41,370 shares were issued in March 2018. 17,730 shares during the fourth month from the agreement date. The initial 41,370 shares were valued at $167,549, or $4.05 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $167,549 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 17,730 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

On March 1, 2018, pursuant to a one-year consulting agreement effective July 1, 2018 between the Company’s wholly owned subsidiary, Sharing Film International Limited and an individual for movie and video development and production management services to be rendered, the Company agreed to pay this consultant $55,846 to be paid by the issuance of 13,722 shares. The shares were issued in March 2018 and were valued at $55,711, or $4.06 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $55,711 over the service period.

On March 5, 2018, pursuant to a four-month consulting agreement effective March 1, 2018 between the Company’s subsidiary, Inspirit Studio Limited and an individual for international business development services rendered and to be rendered, the Company agreed to pay this consultant $17,310 to be paid by the issuance of 4,132 shares. The shares were issued in March 2018 and were valued at $18,759, or $4.54 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $18,759 over the service period.

On March 5, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 14,320 shares. The shares were issued in March 2018 and were valued at $65,013, or $4.54 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $65,013 over the service period. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall within 30 days after the end of the service period by causing the Company to issue shares at the average closing price of the 5 trading days immediately before that first date, provided that the maximum number of shares issued for the Shortfall shall not exceed 2,745 Shares.

On March 6, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for consultancy services as a member of the Company’s advisory board to be rendered, the Company agreed to pay this consultant $60,000 to be paid by the issuance of 14,319 shares. The shares were issued in March 2018 and were valued at $68,445, or $4.78 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $68,445 over the service period.

On April 4, 2018, pursuant to a two-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, EC Manpower Limited and an individual for business strategy and management consultancy services to be rendered, the Company agreed to pay an individual $372,000 to be paid in cash of $75,000 for the service rendered in first six months and paid by the issuance of an aggregate of 90,826 shares for the service from the seventh month as follows: 45,413 shares within 30 days from the agreement date, 45,413 shares during the seventh month from the agreement date. The initial 45,413 shares were valued at $146,230, or $3.22 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $146,230 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 45,413 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock. If, on the first date when the restrictive legend on the certificate of each lot of the Shares issued to the Consultant pursuant this agreement is removed and such lot of Shares becomes freely tradeable in the NASDAQ Capital Market without restriction, the closing price of the shares drops below the issue price, the Company will compensate the Consultant for the drop in value of such lot of shares, which will be calculated by multiplying the number of shares by the difference between the closing price and the issue price ("Shortfall"). The Company will pay for the Shortfall annually by causing the Company to issue shares at the average closing price of the 5 trading days immediately before the first or the second anniversary date of the agreement date, provided that the maximum number of shares issued for the Shortfall shall not exceed 18,166 Shares.

On April 4, 2018, pursuant to a one-year consulting agreement effective April 1, 2018 between the Company’s wholly-owned subsidiary, Sharing Economy Investment Limited and an individual for business development and operation services to be rendered, the Company agreed to pay an individual $128,205 to be paid by the issuance of an aggregate of 37,270 shares as follows: 26,089 shares within 30 days from the agreement date, 11,181 shares during the fourth month from the agreement date. The initial 26,089 shares were valued at $84,007, or $3.22 per share, the fair market value on the grant date using the reported closing share price on the date of grant. In connection with the issuance of these shares, the Company shall record stock-based professional fees of $84,007 over the service period. Additionally, pursuant to this consulting agreement, the Company will issue an additional 11,181 share of common stock to this consultant as outlined above, provided that this Agreement is not terminated prior to date of the issuance of these shares. The initial fair values of these shares were valued at the fair market value on the contract date using the reported closing share price on the date of grant. The Company will recognize stock-based professional fees over the period during which the services are rendered by such consultant. At the end of each financial reporting period prior to issuance of these shares, the fair value of these shares is remeasured using the then-current fair value of the Company’s common stock.

Shares issued for bonus to directors and employees

In January 2018, the Company has issued 249,870 shares as bonus to certain directors and employees for performance targets to be achieved for the year in 2018.

Common stock sold for cash

In January 2018, the Note was converted into 200,100 shares of common stock (see Note 11).

In March 2018, pursuant to a stock purchase agreement, the Company sold 69,676 shares of common stock to an investor at a purchase price of $3.68 per share for net cash proceeds a total of $256,410. The Company did not engage a placement agent with respect to these sales.

Acquisition

On January 19, 2018 (the “Closing Date”), the Company completed the acquisition of 60% of the issued and outstanding capital stock of 3D Discovery Co. Limited (“3D Discovery”), a company incorporation in Hong Kong, from its shareholders pursuant to the terms and conditions of a Sale and Purchase Agreement entered into among the Company and the 3D Discovery Stockholders on the Closing Date (the “Acquisition Agreement”). 3D Discovery is a digital marketing services provider which provides various solution such as 3D scanning and modeling, website and mobile app development, video production, and graphic design to its clients. Apart from its existing business, 3D Discovery plans to develop a mobile app which allows users to create an interactive virtual tour of a physical space by using a mobile phone camera. In connection with the acquisition, the Company issued 68,610 unregistered shares of its common stock valued at $442,535, based on the acquisition-date fair value of our common stock of $6.45 per share based on the quoted market price of the Company’s common stock on the Closing date.

On January 30, 2018 (the “Closing Date”), the Company completed the acquisition of 80% of the issued and outstanding capital stock of AnyWorkspace Limited (“AnyWorkspace”), a company incorporation in Hong Kong, from its shareholders pursuant to the terms and conditions of a Sale and Purchase Agreement entered into among the Company and the AnyWorkspace Stockholders on the Closing Date (the “Acquisition Agreement”). AnyWorkspace develops an online, real-time marketplace that connects workspace providers with clients who need temporary office and meeting spaces. In connection with the acquisition, the Company issued 106,464 unregistered shares of its common stock valued at $534,449, based on the acquisition-date fair value of our common stock of $5.02 per share based on the quoted market price of the Company’s common stock on the Closing date.