Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 19 – SUBSEQUENT EVENTS  

In accordance with ASC Topic 855, " Subsequent Events ", which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after June 30, 2019 up through the filing date the Company issued the unaudited condensed consolidated financial statements. During the period, the Company had the following material subsequent events:

On September 13, 2019, the Company called for the annual shareholder's meeting to propose to the below matters:

(1) The election of five (5) directors to serve until the next annual meeting of stockholders and until their successors are elected and qualified;

(2) To amend the Company's 2016 Long-Term Incentive Plan (the "Plan") to increase the number of shares of common stock, par value $0.001 per share (the "Shares") authorized for issuance under the Plan from 125,000 to 2,500,000 Shares;

(3) To amend the Company's Articles of Incorporation to increase the number of Shares which the Company is authorized to issue to 250,000,000 Shares, and to increase the number of shares of Preferred Stock which the Company is authorized to issue to 50,000,000 shares of Preferred Stock; and

(4) The transaction of such other and further business as may properly come before the meeting.