Annual report pursuant to Section 13 and 15(d)

Equity Method Investment (Tables)

v3.20.1
Equity Method Investment (Tables)
12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of equity method investment

Equity investment carrying amount at January 1, 2018   $ -  
Payment made for equity method investment     453,159  
Epicon's net loss attributable to the Company     (52,969 )
Foreign currency fluctuation     (15,028 )
Equity investment carrying amount at December 31, 2018     385,162  
Payment made for equity method investment     159,192  
Epicon's net loss attributable to the Company     (55,776 )
Foreign currency fluctuation     (5,477 )
Equity investment carrying amount at December 31, 2019   $ 483,101  

Schedule of financial information
    December 31, 2019     December 31, 2018  
Current assets   $ 77,272     $ 301,714  
Noncurrent assets     247,590       7,015  
Current liabilities     324       38  
Noncurrent liabilities     -       -  
Equity     324,538       308,691  

 

    For the Year Ended December 31, 2019     For the Period from August 14, 2018 (Inception) through December 31, 2018  
Net revenue   $ -     $ -  
Gross profit     -       -  
Loss from operation     139,439       132,423  
Net loss     139,439       132,423