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Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Information [Abstract]  
Schedule of segment information

   

For the Years Ended

December 31,

 
    2018     2017  
Revenues:            
Dyeing and finishing equipment   $ 9,299,867     $ 13,463,557  
Sharing economy     208,175       58,499  
      9,508,042       13,522,056  
Depreciation:                
Dyeing and finishing equipment     4,028,214       3,943,694  
Sharing economy     17,667       7,238  
      4,045,881       3,950,932  
Interest expense                
Dyeing and finishing equipment     131,684       134,459  
Sharing economy     242,703       3,364  
      374,387       137,823  
Net (loss) income                
Dyeing and finishing equipment     (26,386,311 )     (9,914,743 )
Sharing economy     (11,850,496 )     (1,211,499 )
Discontinued segments     16,237       (97,957 )
Other (a)     (3,865,511 )     (1,702,151 )
    $ (42,086,081 )   $ (12,926,350 )

 

    December 31, 
2018
    December 31, 
2017
 
Identifiable long-lived tangible assets at December 31, 2018 and 2017 by segment            
Dyeing and finishing equipment   $ 16,481,795     $ 27,805,180  
Sharing economy     56,762       65,144  
Other (b)     5,024,863       5,310,795  
    $ 21,563,420     $ 33,181,119  

  

   

December 31,

2018

   

December 31,

2017

 
Identifiable long-lived tangible assets at December 31, 2018 and 2017 by geographical location            
China   $ 21,506,658     $ 33,115,975  
Hong Kong     56,762       65,144  
United States     -       -  
    $ 21,563,420     $ 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.