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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,014,940) $ (5,304,762)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation 100,031 101,526
Amortization of intangible assets 73,612 152,244
Impairment loss on marketable securities 1,885,085
Gain on disposal of marketable securities (774,371) (231,253)
Impairment loss on goodwill 1,163,590
Written-off prepayments 122,514
Stock-based professional fees 522,008
Stock-based consultancy fee 1,051,410
Stock-based business marketing fee 599,220
Loss on disposal of a subsidiary 70,901
Amortization of debt discount 2,821 4,658
Changes in operating assets and liabilities:    
Accounts receivable (64,035) 11,143
Prepaid expenses and other receivables (295,230) (2,187)
Accounts payable and accrued expenses (25,003) (39,099)
Other payable 183,969 230,952
Income tax payable (6,802)
Deferred revenue (107) 269
CASH FLOWS USED IN OPERATING ACTIVITIES (1,162,623) (1,318,213)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Dividends received 12,515 175
Purchase of marketable securities (18,318,917) (8,078,052)
Purchase of NCI   (154)
Purchase of property, plant and equipment (47,722)  
Proceeds from disposal of marketable securities 17,254,369 8,711,484
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) PROVIDED BY INVESTING ACTIVITIES (1,099,755) 833,726
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (816,102) (39,149)
Proceeds from bank loan 1,412,574
Proceeds from issuance of note payable 535,900 183,000
Advance from related party 1,014,609 166,657
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 734,407 1,723,082
Effect of exchange rate changes (65,560) (33,238)
Net change in cash and cash equivalents (1,593,531) 1,205,357
Cash and cash equivalents - beginning of period 1,805,417 83,667
Cash and cash equivalents - end of period 211,886 1,289,024
Cash paid for:    
Interest 168,646 144,225
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Interest 152,153 557,757
Stock issued for director’s remuneration 551,244
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