Description of Business and Organization (Tables)

9 Months Ended

Sep. 30, 2018

Description of Business and Organization [Abstract]

Schedule of carrying amount of the VIE's assets and liabilities included in the accompanying consolidated financial statements

	September 30, 2018		December 31, 2017
Current assets
Cash	$	477,767	$	806,672
Accounts receivable, net		4,778,324		9,059,015
Inventory, net		5,264,334		4,553,559
Other current assets		4,799,613		5,901,119
Total current assets		15,320,038		20,320,365

Equity method investment		-		9,053,859
Property and equipment, net		28,479,902		33,115,975
Intangible assets, net		2,953,687		5,302,047

Total assets		46,753,627		67,792,246

Liabilities
Current liabilities		5,788,136		7,629,783
Intercompany payables *		13,327,345		13,855,768
Other liabilities, non-current		282,605		-

Total liabilities		19,398,086		21,485,551

Net assets	$	27,355,541	$	46,306,695

*	Intercompany payables are eliminated in consolidation.

Schedule of cash balances by geographic area

Country:	September 30, 2018				December 31, 2017
United States	$	11,887	1.68	%	$	66,774	6.55	%
Hong Kong		214,565	30.34	%		142,944	14.02	%
China		480,649	67.98	%		809,719	79.43	%
Total cash and cash equivalents	$	707,101	100.00	%	$	1,019,437	100.00	%

Schedule of reconciliation of basic and diluted net loss per share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Net (loss) income for basic and diluted attributable to common shareholders	$	(18,196,461	)	$	(4,250,327	)	$	(28,779,651	)	$	(4,918,233	)
From continuing operations		(18,196,076	)		(4,178,988	)		(28,796,137	)		(4,846,894	)
From discontinued operations		(385	)		(71,339	)		16,486			(71,339	)

Weighted average common stock outstanding – basic and diluted		7,100,416			1,988,794			3,598,265			1,635,223

Net (loss) income per share of common stock
From continuing operations – basic and diluted	$	(2.56	)	$	(2.10	)	$	(8.00	)	$	(2.96	)
From discontinued operations – basic and diluted		(0.00	)		(0.04	)		0.01			(0.04	)
Net loss per common share – basic and diluted	$	(2.56	)	$	(2.14	)	$	(7.99	)	$	(3.00	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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