Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Acquisitions [Abstract]

Schedule of fair value recognized identifiable assets and liabilities

	$
Consideration effectively transferred		4,590,197
Less: Net recognized values of SEII's identifiable assets and liabilities
Acquired Assets:
Cash and cash equivalents		79,274
Accounts receivable		260,296
Notes receivable		56,052
Inventories		1,724,754
Deposits and prepayments		1,498,224
Other receivable		77,029
Plant and equipment		5,859,215
Intangible assets #		3,853,190
Assumed liabilities:
Accounts payable		(2,589,895	)
Convertible note payable		(838,571	)
Accrued expenses		(693,728	)
Other payable		(151,807	)
Tax payable		(64,691	)
Amounts due to related parties		(2,275,391	)
Bank loans		(1,287,013	)
Liabilities of discontinued operations		(184,690	)
Bargain purchase gain (negative goodwill)		(732,051	)

Schedule of excess of fair value of acquired net assets over purchase price

Intangible assets consisted of:	Useful life	December 27, 2019
Land use rights	45 - 50 years	$	3,783,611
Other intangible assets	3 - 5 years		1,593,817
Goodwill	-		27,353
			5,404,781
Less: accumulated amortization			(1,551,591	)
		$	3,853,190

Schedule of estimated fair value of the assets acquired and liabilities assumed

Cash	$	2,374
Account receivable and prepayment		21,663
Property and equipment		9,222
Goodwill		53,431
Other intangible assets		1,300,805
Total assets acquired at fair value		1,387,495
Accounts payable and accrued expenses		(6,678	)
Non-controlling interest assumed		(403,833	)
Total liabilities and non-controlling interest assumed		(410,511	)
Total purchase consideration	$	976,984