XML 45 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Information [Abstract]  
Schedule of segment information

 

  For the Three Months ended
March 31,
 
  2018  2017 
Revenues:      
Dyeing and finishing equipment $2,537,506  $4,657,454 
Sharing economy  31,021   - 
   2,568,527   4,657,454 
Depreciation:        
Dyeing and finishing equipment    1,047,413   968,190 
Sharing economy  4,327   - 
   1,051,740   968,190 
Interest expense        
Dyeing and finishing equipment  30,452   39,690 
Sharing economy  -   - 
   30,452   39,690 
Net loss        
Dyeing and finishing equipment      (2,570,941)  (146,484)
Sharing economy      (1,119,403)  - 
Discontinued segments  16,899   - 
Other (a)  (1,193,217)  - 
  $(4,866,662) $(146,484)

  

  March 31, 2018  December 31, 2017 
Identifiable long-lived tangible assets at March 31, 2018 and December 31, 2017 by segment        
Dyeing and finishing equipment $27,774,597  $27,805,180 
Sharing economy  70,039   65,144 
Other (b)  5,496,707   5,310,795 
  $33,341,343  $33,181,119 

 

  March 31, 2018  December 31, 2017 
Identifiable long-lived tangible assets at March 31, 2018 and December 31, 2017 by geographical location        
China $33,271,304  $33,115,975 
Hong Kong  70,039   65,144 
United States  -   - 
  $33,341,343  $33,181,119 

 

(a)The Company does not allocate any general and administrative expense of its U.S. activities to its reportable segments, because these activities are managed at a corporate level.

 

(b)Represents amount of net tangible assets not in use and to be used by for new segment being developed.