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Commitment and Contingencies (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Nov. 14, 2017
USD ($)
Aug. 04, 2017
USD ($)
consultants
Jun. 29, 2018
ft²
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2018
CNY (¥)
Dec. 31, 2017
USD ($)
Dec. 26, 2016
USD ($)
Dec. 26, 2016
CNY (¥)
Commitment and Contingencies (Textual)                      
Total equity investments amount       $ 8,760,320   $ 8,760,320     $ 9,053,859    
Loss on equity method investment       (73,433) $ (24,456) (145,845) $ (42,811)        
Amount paid by company $ 50,000                    
Description of lease agreement    

The rent of the Premises is HK$591,664 (approximately $76,000) per month, that is HK$7,099,970 per annum (approximately $910,000) for the Term. The entire sum of HK$7,099,970 (approximately $910,000) shall be payable in advance on the Handover Date without any deduction or set-off by such means and in such manner. Additionally, the Company shall pay a management fee as follows:

 

(i)HK$47,207 (approximately $6,000) per month by cash in Hong Kong currency, payable in advance of each calendar month (commencing from the month of August 2018) for the Management Fee of office A;
(ii)HK$2,994 (approximately $384) per month by cash in Hong Kong currency, payable in advance of each calendar month (commencing from the month of August 2018) for the Management Fee of flat roof;
(iii)HK$571,061 (approximately $73,000) being 6 months’ Management Fee for office B (and balcony B) and office C (and balcony C) payable in advance by way of Allotted Shares for Payment, as defined below, in the manner pursuant to the agreementand
(iv)HK$95,177 (approximately $12,000) per month by cash in Hong Kong currency, payable in advance of each calendar month (commencing from the month of February 2019) for the Management Fee of office B (and balcony B) and office C (and balcony C).
               
Description of security deposit    

The Company is required to pay a security deposit in the amount of HK$3,137,502 (approximately $402,000) payable as follows: 1) HK$1,637,502 (approximately $210,000) by check and 2) HK$1,500,000 (approximately $192,000) by means of delivering to the Landlord the Company’s the SEII new common shares issued and allotted to and in the name of the Landlord’s nominee, at the Issue Price Per Allotted Share for Deposit, as defined below, provided that in no event shall the number of the Company’s common shares to be issued to the Landlord’s Nominee pursuant to this Agreement will exceed 19.9% of the issued and outstanding shares of the Company’s common stock based on the total issued and outstanding shares of the Company’s common stock on the date of this Agreement.

 

The issue price per Allotted Share for Payment is to be set and determined based on a 5-days closing average of the Company before the Shares Issued Date less 10% thereof (“Issue Price Per Allotted Share for Payment”). The issue price per Allotted Share for Deposit is to be set and determined based on a 5-days closing average of the Company before the Shares Issued Date (hereinafter called “Issue Price Per Allotted Share for Deposit”).

               
Area in Shaw Studios | ft²     24,000                
Transfer Agreement [Member]                      
Commitment and Contingencies (Textual)                      
Total consideration   $ 20,000,000                  
Expiry Date   Aug. 03, 2021                  
Validity period   4 years                  
Percentage of installment of sale proceeds   50.00%                  
Period of trading days | consultants   20                  
Commitments, description   The number of shares to be issued or delivered shall be an amount equal to (i) the balance due; divided by (ii) the VWAP of the shares for the period of twenty trading days immediately preceding the Expiry Date, provided always that in no circumstances shall shares be issued or delivered hereunder to the ECoin in excess of 19% of the issued and outstanding ordinary Shares of the Company.                  
Mr. Xue [Member]                      
Commitment and Contingencies (Textual)                      
Agreed to invest                   $ 22,300,000 ¥ 140,000,000
Percentage of capital stock owned                   70.00% 70.00%
Contributed amount                   $ 9,500,000 ¥ 60,000,000
Dyeing [Member]                      
Commitment and Contingencies (Textual)                      
Agreed to invest                   $ 9,543,000 ¥ 60,000,000
Percentage of capital stock owned                   30.00% 30.00%
Total equity investments amount       $ 9,511,000   $ 9,511,000   ¥ 59,800,000      
Shengxin [Member]                      
Commitment and Contingencies (Textual)                      
Agreed to invest                   $ 31,800,000 ¥ 200,000,000