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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (1,546,351) $ (4,610,913) $ (6,788,645) $ (27,507,629)
Less: net income (loss) from discontinued operations       (24,951,086)
Net loss from continuing operations     (6,788,645) (2,556,543)
Adjustments to reconcile net loss from operations to net cash used in operating activities:        
Depreciation 66,769 67,684 134,691 28,980
Allowance for doubtful accounts       48,952
Amortization of intangible assets 49,075 101,496 202,992 270,894
Impairment loss of intangible assets     750,000  
Impairment loss of other receivables     705,000  
Impairment loss on marketable securities   1,861,605 1,951,091 33,975
Gain on disposal of marketable securities (616,641) (76,968)    
Impairment loss on goodwill   1,080,898    
Impairment loss of goodwill     82,692 898,908
Gain from deconsolidation of VIE & subsidary       (4,731,804)
Written-off prepayments   122,514 122,514 813,992
Stock-based professional fees   225,333    
Stock-based consultancy fee 1,051,410      
Stock-based business marketing fee 599,220      
Stock-based employment compensation       933
Stock-based professional fees     523,008 3,018,829
Stock-based donation       259,598
Loss on disposal of a subsidiary 70,901 70,900
Amortization of debt discount 2,821 2,137 7,179 162,170
Gain on sale of marketable securities     (428,621)  
Unrealised gain on marketable securities     (292,126)  
Changes in operating assets and liabilities:        
Notes receivable       150,126
Accounts receivable (25,607) (39,375) (38,509) 91,228
Prepaid expenses and other receivables (429,979) 22,208 14,725 20,409
Accounts payable and accrued expenses (74,113) 1,122 748,366 463,237
Other payables 120,750 422,015 697,252  
Income tax payable (6,802) (6,802)
Deferred revenue (107) 430 107  
CASH FLOWS USED IN OPERATING ACTIVITIES – continuing operations     (1,544,186) (1,026,116)
CASH FLOWS USED IN OPERATING ACTIVITIES – discontinued operations       (5,278,752)
CASH FLOWS USED IN OPERATING ACTIVITIES (802,753) (755,715) (1,544,186) (6,304,868)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment       (99,941)
Purchase of marketable securities (17,381,542) (3,295,426) (11,482,148) (4,532,296)
Purchase of non-controlling interest     (154)  
Proceeds from disposal of marketable securities 16,649,971 2,894,765 12,803,705  
Cash and cash equivalents from acquisition of a non-wholly owned subsidiary   192,022    
Proceeds from disposal of a subsidiary   8,251 8,252  
Dividends received 7,222   3,052  
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES – continuing operations     1,332,707 (4,632,237)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES – discontinued operations    
CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES (724,349) (200,388) 1,332,707 (4,632,237)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayments of bank loan (60,592) (39,149) (58,824)  
Proceeds from bank loan   1,412,574    
Proceeds from issuance of note payable 230,770 183,000    
Proceeds from bank loan     1,735,147 9,657,545
Proceeds from issuance of note payable     183,000  
Advance from related party 149,884 329,982 102,871 820,061
Repayment to related party       (31,604)
Proceeds from sale of common stock, net       905,100
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES – continuing operation     1,962,194 11,351,102
CASH FLOWS USED IN FINANCING ACTIVITIES – discontinued operations       (1,106,071)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES: 320,062 1,886,407 1,962,194 10,245,031
Effect of exchange rate changes (17,057) (20,564) (28,965) (73,776)
Net change in cash and cash equivalents (1,224,097) 909,740 1,721,750 (765,850)
Cash and cash equivalents - beginning of year 1,805,417 83,667 83,667 883,462
Cash and cash equivalents - end of year 581,320 993,407 1,805,417 83,667
Less: Cash and cash equivalents from discontinued operations       (33,945)
Cash and cash equivalents from continuing operations - end of year     1,805,417 83,667
Cash paid in continuing operations for:        
Interest 110,107 144,225 263,369 322,201
Income taxes
Cash paid in discontinued operations for:        
Interest    
Income taxes    
NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Interest 119,171 448,686    
Stock issued for director’s remuneration 500,000      
Stock issued for acquisition of a non-wholly owned subsidiary   976,695    
Stock issued for services from consultants and vendors 1,650,630 478,008    
Stock issued for redemption of convertible note and accrued interest $ 204,267 $ 100,000 477,820 50,000
Stock issued for acquisition of non-wholly owned subsidiaries       1,828,494
Stock issued for services from consultants and vendors     $ 478,008  
Stock issued for accrued liabilities       $ 1,641,254