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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,897,513) $ (6,788,645)
Depreciation of property and equipment 135,561 134,691
Amortization of intangible assets 98,149 202,992
Impairment loss of intangible assets 750,000
Impairment loss of other receivables 705,000
Impairment loss of marketable securities 1,951,091
Impairment loss of goodwill 27,353 82,692
Written-off prepayment 122,514
Stock-based professional fees 523,008
Stock-based consultancy fees 2,061,450
Stock-based business marketing fee 599,220
Loss on disposal of a subsidiary 70,900
Amortization of debt discount 2,822 7,179
Gain on sale of marketable securities (1,143,491) (428,621)
Unrealized gain on marketable securities 607,309 (292,126)
Accounts receivable (102,369) (38,509)
Prepaid expenses and other receivables (174,655) 14,725
Accounts payable and accrued expenses 20,666 748,366
Other payable 209,820 697,252
Income tax payable (6,802)
Deferred revenue (107) 107
CASH FLOWS USED IN OPERATING ACTIVITIES (1,504,541) (1,544,186)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (22,237,565) (11,482,148)
Purchase of non-controlling interest (154)
Purchase of property and equipment (47,722)
Proceeds from disposal of marketable securities 21,128,705 12,803,705
Proceeds from disposal of a subsidiary 8,252
Dividend received 12,515 3,052
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES (1,144,067) 1,332,707
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (917,728) (58,824)
Proceeds from bank loan 1,735,147
Proceeds from issuance of note payable 710,258 183,000
Advances from related party 1,180,190 102,871
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 972,720 1,962,194
Effect of exchange rate changes (63,256) (28,965)
Net increase (decrease) in cash and cash equivalents (1,739,144) 1,721,750
Cash and cash equivalents - beginning of year 1,805,417 83,667
Cash and cash equivalents - end of year 66,273 1,805,417
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 206,778 263,369
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued interest on convertible promissory note 171,137
Stock issued for redemption of convertible note and accrued interest 204,267 477,820
Stock issued for services from consultants and vendors $ 478,008