Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investment (Tables)

v3.20.2
Equity Method Investment (Tables)
6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of equity method investment

Equity investment carrying amount at January 1, 2020   $ 483,101  
Payment made for equity method investment     28,437  
Epicon's net loss attributable to the Company     (20,416 )
Foreign currency fluctuation     (7,032 )
Equity investment carrying amount at June 30, 2020   $ 484,090  

Schedule of financial information
  June 30,
2020
    December 31,
2019
 
Current assets   $ 45,474     $ 77,272  
Noncurrent assets     259,002       247,590  
Current liabilities     7,136       324  
Noncurrent liabilities     -       -  
Equity     297,340       324,538  

 

    For the Three Months Ended
June 30,
    For the Six Months Ended
June 30,
 
    2020     2019     2020     2019  
Net revenue   $ -     $ -     $ -     $ -  
Gross profit     -       -       -       -  
Loss from operation     28,458       25,861       51,169       57,717  
Net loss     28,328       25,861       51,039       57,717