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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,610,913) $ (27,090,603)
Less: loss from discontinued operations (23,526,141)
Net loss from continuing operations (4,610,913) (3,564,462)
Depreciation 67,684 6,245
Amortization of intangible assets 101,496 67,723
Impairment loss on marketable securities 1,861,605
Impairment loss on goodwill 1,080,898  
Written-off prepayments 122,514
Stock-based professional fees 225,333 2,131,732
Stock-based compensation   933
Stock-based donation   259,598
Loss on disposal of a subsidiary 70,901  
Amortization of debt discount 2,137 69,502
Gain on sale of marketable securities (76,968)  
Accounts receivable (39,375) 40,988
Prepaid expenses and other receivables 22,208 241,604
Accounts payable and accrued expenses 1,122 228,068
Other payable 422,015 (401)
Income tax payable (6,802) (27,446)
Deferred revenue 430
CASH FLOWS USED IN OPERATING ACTIVITIES – continuing operations (755,715) (545,916)
CASH FLOWS USED IN OPERATING ACTIVITIES – discontinued operations (187,984)
CASH FLOWS USED IN OPERATING ACTIVITIES (755,715) (733,900)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (3,295,426)  
Proceeds from disposal of marketable securities 2,894,765  
Proceeds from disposal of a subsidiary 8,251
Cash and cash equivalents from acquisition of a non-wholly owned subsidiary 192,022  
CASH FLOWS USED IN INVESTING ACTIVITIES – continuing operations (200,388)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES – discontinued operations
CASH FLOWS USED IN INVESTING ACTIVITIES (200,388)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (39,149)
Proceeds from bank loan 1,412,574  
Proceeds from issuance of note payable 183,000  
Advance from related party 329,982 357,073
Repayment to related party (31,604)
Proceeds from sale of common stock, net 200,100
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES – continuing operations 1,886,407 525,569
CASH FLOWS USED IN FINANCING CTIVITIES – discontinued operations (247,392)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 1,886,407 278,177
Effect of exchange rate changes (20,564) (174,795)
Net change in cash and cash equivalents 909,740 (630,518)
Cash and cash equivalents - beginning of period 83,667 883,461
Cash and cash equivalents - end of period 993,407 252,943
Less: Cash and cash equivalents from discontinued operations (197,508)
Cash and cash equivalents from continuing operations, end of period 993,407 55,435
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 144,225  
Income taxes
Interest 171,807
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Interest 448,686 111,280
Stock issued for acquisition of a non-wholly owned subsidiary 976,695  
Stock issued for services from consultants and vendors 478,008  
Stock issued for redemption of convertible note and accrued interest $ 100,000 $ 50,000