|
Document - Document and Entity Information |
Document - Document and Entity Information (USD $) |
12 Months Ended |
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|
( custom:DocumentAndEntityInformationAbstract [Extension] ) |
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Dec. 31, 2019 |
Dec. 31, 2018 |
May. 29, 2020 |
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Entity Registrant Name |
Victory Commercial Management Inc. | |
| |
| |
( dei:EntityRegistrantName ) |
| |
| |
| |
Entity Central Index Key |
0001723083 | |
| |
| |
( dei:EntityCentralIndexKey ) |
| |
| |
| |
Document Type |
10-K | |
| |
| |
( dei:DocumentType ) |
| |
| |
| |
Document Period End Date |
2019-12-31 | |
| |
| |
( dei:DocumentPeriodEndDate ) |
| |
| |
| |
Amendment Flag |
false | |
| |
| |
( dei:AmendmentFlag ) |
| |
| |
| |
Current Fiscal Year End Date |
--12-31 | |
| |
| |
( dei:CurrentFiscalYearEndDate ) |
| |
| |
| |
Entity Well-known Seasoned Issuer |
No | |
| |
| |
( dei:EntityWellKnownSeasonedIssuer ) |
| |
| |
| |
Entity Voluntary Filer |
No | |
| |
| |
( dei:EntityVoluntaryFilers ) |
| |
| |
| |
Entity Current Reporting Status |
Yes | |
| |
| |
( dei:EntityCurrentReportingStatus ) |
| |
| |
| |
Entity Interactive Data Current |
Yes | |
| |
| |
( dei:EntityInteractiveDataCurrent ) |
| |
| |
| |
Entity Filer Category |
Non-accelerated Filer | |
| |
| |
( dei:EntityFilerCategory ) |
| |
| |
| |
Entity Small Business Flag |
true | |
| |
| |
( dei:EntitySmallBusiness ) |
| |
| |
| |
Entity Emerging Growth Company |
true | |
| |
| |
( dei:EntityEmergingGrowthCompany ) |
| |
| |
| |
Entity Ex Transition Period |
true | |
| |
| |
( dei:EntityExTransitionPeriod ) |
| |
| |
| |
Entity Shell Company |
false | |
| |
| |
( dei:EntityShellCompany ) |
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| |
| |
Entity Public Float |
| |
0 | |
| |
( dei:EntityPublicFloat ) |
| |
| |
| |
Entity Common Stock, Shares Outstanding |
| |
| |
21,711,000 | |
( dei:EntityCommonStockSharesOutstanding ) |
| |
| |
| |
Document Fiscal Period Focus |
FY | |
| |
| |
( dei:DocumentFiscalPeriodFocus ) |
| |
| |
| |
Document Fiscal Year Focus |
2019 | |
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( dei:DocumentFiscalYearFocus ) |
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(End Document - Document and Entity Information) |
|
Statement - Consolidated Balance Sheets |
Statement - Consolidated Balance Sheets (USD $) |
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|
( us-gaap:StatementOfFinancialPositionAbstract ) |
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|
Dec. 31, 2019 |
Dec. 31, 2018 |
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|
ASSETS |
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| |
( us-gaap:AssetsAbstract ) |
| |
| |
CURRENT ASSETS : |
| |
| |
( us-gaap:AssetsCurrentAbstract ) |
| |
| |
Cash and cash equivalents |
122,884 | |
188,921 | |
( us-gaap:CashAndCashEquivalentsAtCarryingValue ) |
| |
| |
Restricted cash |
27,223 | |
130,199 | |
( us-gaap:RestrictedCashAndCashEquivalents ) |
| |
| |
Tenant and sundry receivables, net of allowance for doubtful accounts |
469,317 | |
1,132,691 | |
( us-gaap:OtherReceivables ) |
| |
| |
Prepaid expenses and other assets |
526,834 | |
697,756 | |
( us-gaap:PrepaidExpenseAndOtherAssets ) |
| |
| |
NON CURRENT ASSETS: |
| |
| |
( us-gaap:AssetsNoncurrentAbstract ) |
| |
| |
Rental properties, net |
21,334,015 | |
22,519,082 | |
( us-gaap:RentalProperties ) |
| |
| |
Property and equipment, net |
430,063 | |
634,589 | |
( us-gaap:PropertyPlantAndEquipmentNet ) |
| |
| |
Intangible assets, net |
17,640 | |
23,083 | |
( us-gaap:IntangibleAssetsNetExcludingGoodwill ) |
| |
| |
ROU assets, net |
484,178 | |
422,905 | |
( us-gaap:OperatingLeaseRightOfUseAsset ) |
| |
| |
Loan and interest receivable |
6,087,914 | |
7,616,300 | |
( custom:LoanAndInterestReceivable [Extension] ) |
| |
| |
TOTAL ASSETS |
29,500,068 | |
33,365,526 | |
( us-gaap:Assets ) |
| |
| |
|
| |
| |
|
| |
| |
LIABILITIES AND DEFICIT |
| |
| |
( us-gaap:LiabilitiesAndStockholdersEquityAbstract ) |
| |
| |
CURRENT LIABILITIES: |
| |
| |
( us-gaap:LiabilitiesCurrentAbstract ) |
| |
| |
Bank loans payable, net - in default |
7,633,412 | |
60,221,474 | |
( us-gaap:LoansPayableToBank ) |
| |
| |
Accounts payable and accrued liabilities |
8,938,941 | |
4,747,604 | |
( us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent ) |
| |
| |
Deferred rental income |
3,882,434 | |
4,610,478 | |
( us-gaap:DeferredRentCredit ) |
| |
| |
Lease liabilities payable-current |
22,755 | |
154,129 | |
( custom:FinanceLeaseLiabilityAndOperatingLeaseLiabilityCurrent [Extension] ) |
| |
| |
NON CURRENT LIABILITIES: |
| |
| |
( us-gaap:LiabilitiesNoncurrentAbstract ) |
| |
| |
Bank loans payable, net |
59,288,001 | |
6,237,460 | |
( us-gaap:LongTermLoansFromBank ) |
| |
| |
Property financing agreements payable |
77,464,781 | |
79,904,620 | |
( us-gaap:FinancialServicesLiabilities ) |
| |
| |
Lease liabilities payable-non current |
498,509 | |
457,996 | |
( custom:FinanceLeaseLiabilityAndOperatingLeaseLiabilityNonCurrent [Extension] ) |
| |
| |
Other payables |
19,906,698 | |
19,594,875 | |
( us-gaap:OtherLiabilities ) |
| |
| |
Loans payable to related parties |
11,934,791 | |
11,516,280 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
Due to shareholder |
65,931,644 | |
64,151,148 | |
( us-gaap:DueToOfficersOrStockholdersCurrentAndNoncurrent ) |
| |
| |
Interest payable to related parties |
11,520,609 | |
11,121,817 | |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
Total Liabilities |
267,022,575 | |
262,717,881 | |
( us-gaap:Liabilities ) |
| |
| |
Commitments and Contingencies |
— | |
— | |
( us-gaap:CommitmentsAndContingencies ) |
| |
| |
Deficit: |
| |
| |
( us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract ) |
| |
| |
Victory Commercial Management Inc. Shareholderâs Deficit |
| |
| |
( us-gaap:StockholdersEquityAbstract ) |
| |
| |
Common stock, $0.0001 par value, 600,000,000 shares authorized; 21,711,000 and 20,700,000 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively * |
2,171 | |
2,070 | |
( us-gaap:CommonStockValue ) |
| |
| |
Paid-in capital |
11,827,188 | |
10,816,289 | |
( us-gaap:AdditionalPaidInCapitalCommonStock ) |
| |
| |
Subscription receivable |
| |
— | |
( us-gaap:CommonStockShareSubscribedButUnissuedSubscriptionsReceivable ) |
| |
| |
Accumulated deficit |
(203,808,349 | ) |
(194,188,636 | ) |
( us-gaap:RetainedEarningsAccumulatedDeficit ) |
| |
| |
Accumulated other comprehensive loss |
(2,242,729 | ) |
(3,739,981 | ) |
( us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax ) |
| |
| |
Total shareholdersâ deficit attributable to the Company's common shareholders |
(194,221,719 | ) |
(187,110,258 | ) |
( us-gaap:StockholdersEquity ) |
| |
| |
Noncontrolling interest |
(43,300,787 | ) |
(42,242,097 | ) |
( us-gaap:MinorityInterest ) |
| |
| |
Total Deficit |
(237,522,507 | ) |
(229,352,355 | ) |
( us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest ) |
| |
| |
TOTAL LIABILITIES AND DEFICIT |
29,500,068 | |
33,365,526 | |
( us-gaap:LiabilitiesAndStockholdersEquity ) |
| |
| |
|
(End Statement - Consolidated Balance Sheets) |
|
Statement - Consolidated Balance Sheets (Parenthetical) |
Statement - Consolidated Balance Sheets (Parenthetical) (USD $) |
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|
( us-gaap:StatementOfFinancialPositionAbstract ) |
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|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Common stock, par value |
0.0001 | |
0.0001 | |
( us-gaap:CommonStockParOrStatedValuePerShare ) |
| |
| |
Common stock, shares authorized |
600,000,000 | |
600,000,000 | |
( us-gaap:CommonStockSharesAuthorized ) |
| |
| |
Common stock, shares issued |
21,711,000 | |
20,700,000 | |
( us-gaap:CommonStockSharesIssued ) |
| |
| |
Common stock, shares outstanding |
21,711,000 | |
20,700,000 | |
( us-gaap:CommonStockSharesOutstanding ) |
| |
| |
|
(End Statement - Consolidated Balance Sheets (Parenthetical)) |
|
Statement - Consolidated Statements of Operations and Other Comprehensive Income (Loss) |
Statement - Consolidated Statements of Operations and Other Comprehensive Income (Loss) (USD $) |
12 Months Ended |
( us-gaap:IncomeStatementAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( srt:ProductOrServiceAxis ) |
|
|
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|
Rental Income [Member] |
Management Fee Income [Member] |
Other Income [Member] |
|
Rental Income [Member] |
Management Fee Income [Member] |
Other Income [Member] |
|
( srt:ProductsAndServicesDomain ) |
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Revenues |
| |
| |
| |
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( us-gaap:RevenuesAbstract ) |
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| |
Total revenues |
2,977,880 | |
4,470,061 | |
743,189 | |
8,191,130 | |
3,758,060 | |
5,653,687 | |
577,292 | |
9,989,039 | |
( us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax ) |
| |
| |
| |
| |
| |
| |
| |
| |
Operating expenses |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingExpensesAbstract ) |
| |
| |
| |
| |
| |
| |
| |
| |
Selling expenses |
| |
| |
| |
4,262,763 | |
| |
| |
| |
4,566,741 | |
( us-gaap:SellingExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
Depreciation and amortization |
| |
| |
| |
1,231,787 | |
| |
| |
| |
1,361,867 | |
( us-gaap:DepreciationAndAmortization ) |
| |
| |
| |
| |
| |
| |
| |
| |
Leases expenses |
| |
| |
| |
2,712 | |
| |
| |
| |
2,364,004 | |
( us-gaap:LeaseCost ) |
| |
| |
| |
| |
| |
| |
| |
| |
Payroll and payroll related expenses |
| |
| |
| |
1,954,530 | |
| |
| |
| |
1,759,585 | |
( us-gaap:LaborAndRelatedExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
Business taxes |
| |
| |
| |
476,211 | |
| |
| |
| |
496,243 | |
( us-gaap:TaxesExcludingIncomeAndExciseTaxes ) |
| |
| |
| |
| |
| |
| |
| |
| |
Operating lease expense |
| |
| |
| |
599,054 | |
| |
| |
| |
504,401 | |
( us-gaap:OperatingLeaseExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
Other general and administrative expenses |
| |
| |
| |
4,051,445 | |
| |
| |
| |
1,117,124 | |
( us-gaap:OtherGeneralAndAdministrativeExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
Total operating expenses |
| |
| |
| |
12,578,502 | |
| |
| |
| |
12,169,965 | |
( us-gaap:OperatingExpenses ) |
| |
| |
| |
| |
| |
| |
| |
| |
Loss from operations |
| |
| |
| |
(4,387,372 | ) |
| |
| |
| |
(2,180,926 | ) |
( us-gaap:OperatingIncomeLoss ) |
| |
| |
| |
| |
| |
| |
| |
| |
Other income (expenses) |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:NonoperatingIncomeExpenseAbstract ) |
| |
| |
| |
| |
| |
| |
| |
| |
Interest income |
| |
| |
| |
725,778 | |
| |
| |
| |
509,619 | |
( us-gaap:InterestIncomeOther ) |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense - loans |
| |
| |
| |
(4,147,614 | ) |
| |
| |
| |
(4,131,313 | ) |
( us-gaap:InterestExpenseDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense - ROU and other liabilities |
| |
| |
| |
(2,773,739 | ) |
| |
| |
| |
(1,672,119 | ) |
( us-gaap:InterestExpenseOther ) |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense - related parties |
| |
| |
| |
(537,210 | ) |
| |
| |
| |
(519,970 | ) |
( us-gaap:InterestExpenseRelatedParty ) |
| |
| |
| |
| |
| |
| |
| |
| |
Loss from foreign currency transactions |
| |
| |
| |
(271,447 | ) |
| |
| |
| |
(1,220,769 | ) |
( us-gaap:ForeignCurrencyTransactionGainLossRealized ) |
| |
| |
| |
| |
| |
| |
| |
| |
Gain on disposal of fixed assets |
| |
| |
| |
119 | |
| |
| |
| |
1,337,124 | |
( us-gaap:GainLossOnSaleOfPropertyPlantEquipment ) |
| |
| |
| |
| |
| |
| |
| |
| |
Other income |
| |
| |
| |
276,564 | |
| |
| |
| |
3,129,585 | |
( us-gaap:OtherNonoperatingIncome ) |
| |
| |
| |
| |
| |
| |
| |
| |
Total other income (expenses), net |
| |
| |
| |
(6,727,549 | ) |
| |
| |
| |
(2,567,843 | ) |
( us-gaap:NonoperatingIncomeExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
Loss before provision for income taxes |
| |
| |
| |
(11,114,921 | ) |
| |
| |
| |
(4,748,769 | ) |
( us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
| |
| |
Provision for income taxes |
| |
| |
| |
— | |
| |
| |
| |
— | |
( us-gaap:IncomeTaxExpenseBenefit ) |
| |
| |
| |
| |
| |
| |
| |
| |
Net Loss |
| |
| |
| |
(11,114,921 | ) |
| |
| |
| |
(4,748,769 | ) |
( us-gaap:ProfitLoss ) |
| |
| |
| |
| |
| |
| |
| |
| |
Net loss attributable to noncontrolling interest |
| |
| |
| |
(1,495,208 | ) |
| |
| |
| |
(971,370 | ) |
( us-gaap:NetIncomeLossAttributableToNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
| |
| |
Net loss attributable to the Company's common shareholders |
| |
| |
| |
(9,619,713 | ) |
| |
| |
| |
(3,777,399 | ) |
( us-gaap:NetIncomeLoss ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
Per Common Share - basic and diluted: |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:EarningsPerShareAbstract ) |
| |
| |
| |
| |
| |
| |
| |
| |
Net loss per Company's common share |
| |
| |
| |
(0.45 | ) |
| |
| |
| |
(0.18 | ) |
( us-gaap:EarningsPerShareBasicAndDiluted ) |
| |
| |
| |
| |
| |
| |
| |
| |
Weighted-average shares outstanding, basic and diluted * |
| |
| |
| |
21,472,792 | |
| |
| |
| |
20,700,000 | |
( us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted ) |
| |
| |
| |
| |
| |
| |
| |
| |
Other comprehensive income (loss) |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract ) |
| |
| |
| |
| |
| |
| |
| |
| |
Net loss |
| |
| |
| |
(11,114,921 | ) |
| |
| |
| |
(4,748,769 | ) |
( us-gaap:ProfitLoss ) |
| |
| |
| |
| |
| |
| |
| |
| |
Other comprehensive income (loss) |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract ) |
| |
| |
| |
| |
| |
| |
| |
| |
Change in foreign currency translation adjustments |
| |
| |
| |
1,933,769 | |
| |
| |
| |
10,697,932 | |
( us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax ) |
| |
| |
| |
| |
| |
| |
| |
| |
Total other comprehensive income (loss) |
| |
| |
| |
(9,181,152 | ) |
| |
| |
| |
5,949,163 | |
( us-gaap:OtherComprehensiveIncomeLossNetOfTax ) |
| |
| |
| |
| |
| |
| |
| |
| |
Comprehensive income (loss) attributable to non-controlling interest |
| |
| |
| |
(1,058,691 | ) |
| |
| |
| |
1,026,572 | |
( us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
| |
| |
Comprehensive income (loss) attributable to the Company's common shareholders |
| |
| |
| |
(8,122,461 | ) |
| |
| |
| |
4,922,591 | |
( us-gaap:ComprehensiveIncomeNetOfTax ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Statement - Consolidated Statements of Operations and Other Comprehensive Income (Loss)) |
|
Statement - Consolidated Statements of Changes in Shareholders' Deficit |
Statement - Consolidated Statements of Changes in Shareholders' Deficit (USD $) |
|
|
|
|
|
|
( us-gaap:StatementOfStockholdersEquityAbstract ) |
|
|
|
|
|
|
|
Common Stock [Member] |
Additional Paid in Capital [Member] |
Accumulated Deficit [Member] |
Accumulated Other Comprehensive Loss [Member] |
Noncontrolling Interest [Member] |
<Total> |
( us-gaap:StatementEquityComponentsAxis ) |
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|
|
|
|
|
|
|
|
|
( us-gaap:EquityComponentDomain ) |
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|
|
From Jan. 1, 2018 to Dec. 31, 2018 |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
Balance beginning |
2,070 | |
10,814,219 | |
(190,411,237 | ) |
(12,439,971 | ) |
(43,268,669 | ) |
(235,301,518 | ) |
( us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
Balance beginning, shares |
20,700,000 | |
| |
| |
| |
| |
| |
( us-gaap:SharesOutstanding ) |
| |
| |
| |
| |
| |
| |
Common stock issued in 2018 |
— | |
— | |
— | |
— | |
— | |
— | |
( us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts ) |
| |
| |
| |
| |
| |
| |
Initial public offering closed on March 28, 2019 |
| |
| |
| |
| |
| |
| |
( us-gaap:StockIssuedDuringPeriodValueNewIssues ) |
| |
| |
| |
| |
| |
| |
Initial public offering closed on March 28, 2019 , shares |
| |
| |
| |
| |
| |
| |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
| |
Net loss |
— | |
— | |
(3,777,399 | ) |
— | |
(971,370 | ) |
(4,748,769 | ) |
( us-gaap:ProfitLoss ) |
| |
| |
| |
| |
| |
| |
Other comprehensive income (loss): change in foreign currency translation adjustment |
— | |
— | |
— | |
8,699,990 | |
1,997,942 | |
10,697,932 | |
( us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax ) |
| |
| |
| |
| |
| |
| |
Balance ending |
2,070 | |
10,816,289 | |
(194,188,636 | ) |
(3,739,981 | ) |
(42,242,097 | ) |
(229,352,355 | ) |
( us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
Balance ending, shares |
20,700,000 | |
| |
| |
| |
| |
| |
( us-gaap:SharesOutstanding ) |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
From Jan. 1, 2019 to Dec. 31, 2019 |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
Balance beginning |
2,070 | |
10,816,289 | |
(194,188,636 | ) |
(3,739,981 | ) |
(42,242,097 | ) |
(229,352,355 | ) |
( us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
Balance beginning, shares |
20,700,000 | |
| |
| |
| |
| |
| |
( us-gaap:SharesOutstanding ) |
| |
| |
| |
| |
| |
| |
Common stock issued in 2018 |
| |
| |
| |
| |
| |
| |
( us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts ) |
| |
| |
| |
| |
| |
| |
Initial public offering closed on March 28, 2019 |
101 | |
1,010,899 | |
— | |
— | |
— | |
1,011,000 | |
( us-gaap:StockIssuedDuringPeriodValueNewIssues ) |
| |
| |
| |
| |
| |
| |
Initial public offering closed on March 28, 2019 , shares |
1,011,000 | |
| |
| |
| |
| |
| |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
| |
Net loss |
— | |
— | |
(9,619,713 | ) |
— | |
(1,495,208 | ) |
(11,114,921 | ) |
( us-gaap:ProfitLoss ) |
| |
| |
| |
| |
| |
| |
Other comprehensive income (loss): change in foreign currency translation adjustment |
— | |
— | |
— | |
1,497,252 | |
436,517 | |
1,933,769 | |
( us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax ) |
| |
| |
| |
| |
| |
| |
Balance ending |
2,171 | |
11,827,188 | |
(203,808,349 | ) |
(2,242,729 | ) |
(43,300,788 | ) |
(237,522,507 | ) |
( us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest ) |
| |
| |
| |
| |
| |
| |
Balance ending, shares |
21,711,000 | |
| |
| |
| |
| |
| |
( us-gaap:SharesOutstanding ) |
| |
| |
| |
| |
| |
| |
|
(End Statement - Consolidated Statements of Changes in Shareholders' Deficit) |
|
Statement - Consolidated Statements of Cash Flows |
Statement - Consolidated Statements of Cash Flows (USD $) |
12 Months Ended |
( us-gaap:StatementOfCashFlowsAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Cash Flows from Operating Activities: |
| |
| |
( us-gaap:NetCashProvidedByUsedInOperatingActivitiesAbstract ) |
| |
| |
Net loss |
(11,114,921 | ) |
(4,748,769 | ) |
( us-gaap:ProfitLoss ) |
| |
| |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
| |
| |
( us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract ) |
| |
| |
Depreciation and amortization |
1,231,787 | |
1,361,866 | |
( us-gaap:DepreciationDepletionAndAmortization ) |
| |
| |
Amortization of debt issuance costs |
55,190 | |
52,331 | |
( us-gaap:AmortizationOfFinancingCosts ) |
| |
| |
Foreign currency exchange (gain) loss on loan and interest repayments to related party |
271,447 | |
1,220,769 | |
( us-gaap:ForeignCurrencyTransactionGainLossRealized ) |
| |
| |
Gain on sale of rental properties and disposal of other assets |
— | |
(1,337,124 | ) |
( us-gaap:GainLossOnDispositionOfAssets1 ) |
| |
| |
Allowance for doubtful accounts |
3,090,825 | |
15,035 | |
( us-gaap:ProvisionForDoubtfulAccounts ) |
| |
| |
Non cash operating lease expenses |
(10,299 | ) |
235,623 | |
( custom:NonCashOperatingLeaseExpenses [Extension] ) |
| |
| |
Change operating assets and liabilities |
| |
| |
( us-gaap:IncreaseDecreaseInOperatingCapitalAbstract ) |
| |
| |
Decrease (Increase) in tenant and sundry receivables |
206,205 | |
(450,133 | ) |
( us-gaap:IncreaseDecreaseInOtherReceivables ) |
| |
| |
Decrease (Increase) in prepaid expense and other assets |
165,493 | |
(251,340 | ) |
( us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets ) |
| |
| |
(Increase) in loan interest receivable |
(513,862 | ) |
(495,943 | ) |
( custom:IncreaseInLoanInterestReceivable [Extension] ) |
| |
| |
Increase in property financing agreements payable |
1,688,217 | |
1,665,273 | |
( custom:IncreaseDecreaseInPropertyFinancingAgreementsPayable [Extension] ) |
| |
| |
Increase in accounts payable and accrued liabilities |
5,039,015 | |
668,951 | |
( us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities ) |
| |
| |
(Decrease) Increase in deferred rental income |
(677,487 | ) |
601,772 | |
( us-gaap:IncreaseDecreaseInContractWithCustomerLiability ) |
| |
| |
Increase in interest payable to related party |
536,373 | |
522,083 | |
( us-gaap:IncreaseDecreaseInDueToRelatedParties ) |
| |
| |
(Decrease) Increase in other payables |
(200,156 | ) |
2,942,626 | |
( us-gaap:IncreaseDecreaseInOtherOperatingLiabilities ) |
| |
| |
(Decrease) in lease liabilities payable |
(181,109 | ) |
(215,345 | ) |
( custom:IncreaseDecreaseInLeaseLiabilitiesPayable [Extension] ) |
| |
| |
Net Cash (Used in) Provided by Operating Activities |
(413,257 | ) |
1,787,675 | |
( us-gaap:NetCashProvidedByUsedInOperatingActivities ) |
| |
| |
|
| |
| |
|
| |
| |
Cash Flows from Investing Activities: |
| |
| |
( us-gaap:NetCashProvidedByUsedInInvestingActivitiesAbstract ) |
| |
| |
Cash received from sale of rental properties |
— | |
1,661,958 | |
( us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment ) |
| |
| |
Capital expenditures - fixed assets and improvements |
(21,841 | ) |
(150,688 | ) |
( us-gaap:PaymentsForCapitalImprovements ) |
| |
| |
Short-term loan repayment |
(2,642,563 | ) |
(8,923,642 | ) |
( us-gaap:RepaymentsOfShortTermDebt ) |
| |
| |
Net Cash (Used in) Investing Activities |
(2,664,404 | ) |
(7,412,372 | ) |
( us-gaap:NetCashProvidedByUsedInInvestingActivities ) |
| |
| |
|
| |
| |
|
| |
| |
Cash Flows from Financing Activities: |
| |
| |
( us-gaap:NetCashProvidedByUsedInFinancingActivitiesAbstract ) |
| |
| |
Proceeds from bank loans |
1,481,610 | |
4,668,591 | |
( us-gaap:ProceedsFromBankDebt ) |
| |
| |
Proceeds from initial public offering |
1,011,000 | |
— | |
( us-gaap:ProceedsFromIssuanceInitialPublicOffering ) |
| |
| |
Repayment from short-term loan |
1,943,830 | |
— | |
( us-gaap:ProceedsFromRepaymentsOfShortTermDebt ) |
| |
| |
Repayment of bank loans |
(266,123 | ) |
(1,111,569 | ) |
( us-gaap:RepaymentsOfBankDebt ) |
| |
| |
Advance from shareholder |
1,774,621 | |
1,362,472 | |
( us-gaap:ProceedsFromContributionsFromAffiliates ) |
| |
| |
Advance from related individual |
172,300 | |
156,981 | |
( us-gaap:ProceedsFromRelatedPartyDebt ) |
| |
| |
Repayment of property financing agreements payable |
(3,222,806 | ) |
— | |
( custom:RepaymentOfPropertyFinancingAgreementsPayable [Extension] ) |
| |
| |
Net Cash Provided by Financing Activities |
2,894,432 | |
5,076,475 | |
( us-gaap:NetCashProvidedByUsedInFinancingActivities ) |
| |
| |
Effect of exchange rate changes on cash and cash equivalents |
14,218 | |
(6,576 | ) |
( us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations ) |
| |
| |
Net (decrease) increase in cash, cash equivalents and restricted cash |
(169,013 | ) |
(554,798 | ) |
( us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect ) |
| |
| |
Cash, cash equivalents and restricted cash at beginning of year |
319,120 | |
873,918 | |
( us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations ) |
| |
| |
Cash, cash equivalents and restricted cash at end of year |
150,107 | |
319,120 | |
( us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations ) |
| |
| |
|
| |
| |
|
| |
| |
Reconciliation of Cash, Cash Equivalents and Restricted Cash |
| |
| |
( us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract ) |
| |
| |
Cash and cash equivalents at beginning of year |
188,921 | |
755,027 | |
( us-gaap:CashAndCashEquivalentsAtCarryingValue ) |
| |
| |
Restricted cash at beginning of year |
130,199 | |
118,891 | |
( us-gaap:RestrictedCash ) |
| |
| |
Cash, cash equivalents and restricted cash at beginning of year |
319,120 | |
873,918 | |
( us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents ) |
| |
| |
Cash and cash equivalents at end of year |
122,884 | |
188,921 | |
( us-gaap:CashAndCashEquivalentsAtCarryingValue ) |
| |
| |
Restricted cash at end of year |
27,223 | |
130,199 | |
( us-gaap:RestrictedCash ) |
| |
| |
Cash, cash equivalents and restricted cash at end of year |
150,107 | |
319,120 | |
( us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents ) |
| |
| |
|
| |
| |
|
| |
| |
Supplemental Disclosure Cash Flow Information: |
| |
| |
( us-gaap:SupplementalCashFlowElementsAbstract ) |
| |
| |
Cash paid for: |
| |
| |
( custom:CashPaidForAbstract [Extension] ) |
| |
| |
Interest |
1,042,905 | |
3,683,062 | |
( us-gaap:InterestPaidNet ) |
| |
| |
Income tax |
— | |
— | |
( us-gaap:IncomeTaxesPaidNet ) |
| |
| |
|
| |
| |
|
| |
| |
Supplementary Schedule: Non-cash Investing and Financing Activities: |
| |
| |
( us-gaap:NoncashInvestingAndFinancingItemsAbstract ) |
| |
| |
Right of Use Assets |
565,865 | |
4,682,603 | |
( custom:RightOfUseAssets [Extension] ) |
| |
| |
|
(End Statement - Consolidated Statements of Cash Flows) |
|
Disclosure - Organization and Segment Information |
Disclosure - Organization and Segment Information (USD $) |
12 Months Ended |
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Organization and Segment Information |
NOTE 1 – ORGANIZATION AND SEGMENT INFORMATION
Organization
Victory Commercial Management Inc. (hereinafter
referred to as “VCM”, and where appropriate, the terms “Company”, “we”, “us” or
“our” are also referred to VCM and its wholly owned and majority owned subsidiaries) was incorporated on July 5, 2017
under the laws of Nevada.
On July 13, 2017, VCM formed a wholly-owned
subsidiary, Victory Commercial Investment Ltd. (“VCI”) under the laws of British Virgin Islands.
Sino Pride Development Limited (“Sino
Pride”) is a Hong Kong company, incorporated on May 26, 1989. Sino Pride is a holding company that directly owns an 80% equity
interest in Dalian Victory Plaza Development Co., Ltd. (“DVPD”) and directly owns a 95% equity interest in Dalian Victory
Business Management Co., Ltd. (“DVBM”).
DVPD was incorporated as a Sino-foreign cooperative
joint venture on March 29, 1993 under the laws of the People’s Republic of China (“PRC” or “China”).
Sino Pride owns 80% equity interest of DVPD while Dalian Victory Development Co., Limited (“DVDC”), a state-owned enterprise
in China, owns a 20% equity interest in DVPD.
DVBM was incorporated as a joint venture on
September 12, 2000 under the laws of the PRC. Sino Pride owns a 95% equity interest in DVBM and DVPD owns a 5% equity interest
in DVBM.
Dalian Victory Property Management Co.,Ltd.
(“DVPM”) was incorporated on June 6, 2018 as limited liability company under the laws of the PRC. Sino Pride owns 100%
of the equity of DVPM. DVPM was formed as a property management company and will play a similar role as DVBM to improve the management
of Victory Plaza. DVPM has not commenced operations.
Iven International Group Limited, is a company
registered in Hong Kong (“Iven”). From October 31, 2016 to June 30, 2017, Alex Brown beneficially owned 100% of Iven,
among which, a 70% equity interest was held directly, and a 30% equity interest was held indirectly through Dalian Yiwen New Materials
Technology Development Co., Ltd, a PRC entity 80% owned by Alex Brown and 20% owned by his spouse. On June 30, 2017, Alex Brown
and Dalian Yiwen New Material Technology Development Co., Ltd transferred their respective ownership of Iven to Winner Ascent Investment
Limited, a Hong Kong limited liability company solely owned by Alex Brown.
Victory Plaza Holding Limited, (“VP Holding”)
a BVI company, is the original owner of Sino Pride. VP Holding incurred significant losses from the operations of Sino Pride and
its subsidiaries DVPD and DVBM. VP Holding and Sino Pride had no relationship or affiliation with us or Alex Brown prior to the
corporate restructuring.
November 30, 2016 Transaction
In November 2016, Iven entered and executed
an agreement of “Assignment of Common Stock and Debt Rights” (“the Original Agreement”) with VP Holding,
the former shareholder of Sino pride. Pursuant to the Original Agreement, Iven acquired all 30,000,000 shares of common stock of
Sino Pride then outstanding and assumed a shareholder loan and loan interest totaling $52,750,000 (Sino Pride owed to VP Holding)
for a nominal consideration of HK$ 1 (approximately US$0.13) from VP Holding. Change of ownership in Sino Pride from VP Holding
to Iven had no impact on Sino Pride’s ownership in DVPD and DVBM (operating entities).
Iven was a private shell company with no operations
and with nominal assets, which is 100% directly and indirectly owned by Mr. Brown. Iven was the legal acquirer in the November
30, 2016 acquisition. At the date of acquisition, Sino Pride was a holding company of two Chinese base operating entities, DVPD
and DVBM. The accounting acquirer usually is the combining entity whose relative size (measured in, for example, assets, revenues,
or earnings) is significantly larger than that of the other combining entity or entities as per Financial Accounting Standards
Board (“FASB”) Accounting Standards Codification (“ASC”) Section 805-10-55-13. Thus, Sino Pride and Subsidiaries
were treated as the accounting acquirer in connection with the November 2016 transaction.
The November 2016 transaction was treated as
a reverse acquisition or recapitalization. The accounting is similar to that resulting from a reverse acquisition, except that
no goodwill or other intangible assets should be recorded. Accordingly, the historical financial statements are those of Sino Pride
and its Subsidiaries.
September 4, 2017 Transaction
On September 4, 2017, VCI signed an agreement
of “Assignment of All Outstanding Shares and All Debt Rights Agreement” (“the Agreement”) with Iven. Pursuant
to the Agreement, VCI acquired all 30,000,000 shares of common stock of Sino Pride then outstanding and assumed shareholder debt
and loan rights totaling HK$ 493,807,633 (approximately US$64,208,000) (Sino Pride owed to VP Holding) including an outstanding
shareholder loan of HK$ 408,409,628 (approximately US$53,093,000) for a nominal consideration of HK$ 1 (approximately US$0.13)
from Iven. The change of ownership in Sino Pride from Iven to VCI had no impact on Sino Pride’s ownership in DVPD and DVBM
(operating entities).
Iven and VCI were under common control of our
controlling shareholder. The transfer of ownership in Sino Pride from Iven to VCI is a part of the corporate restructuring to prepare
the Company to list in the U.S. capital markets.
The Company accounted for the September 2017
transaction as a transaction between entities under common control based on guidance provided by FASB ASC 805-50-25. Following
the above transactions, VCI gained control over Sino Pride and its subsidiaries, and, as a result, VCM gained control over VCI,
Sino Pride and its Subsidiaries.
The Company together with its wholly-owned
subsidiaries, VCI, Sino Pride and majority owned subsidiaries, DVBM and DVPM were effectively controlled by the same shareholder,
Mr. Brown before and after the September 2017 corporate restructuring, and is considered under common control, which has been accounted
for similar to the pooling method of accounting. The accompanying consolidated financial statements have been prepared as if the
current corporate structure had been in existence at the beginning of the periods presented. Accordingly, the historical financial
statements are those of Sino Pride and its Subsidiaries.
Segment Information
The Company and its subsidiaries generate
most of the income from rental and building management services. The Company manages one shopping center currently. Geographically,
all income is generated from Dalian, China. | |
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock ) |
| |
|
(End Disclosure - Organization and Segment Information) |
|
Disclosure - Going Concern |
Disclosure - Going Concern (USD $) |
12 Months Ended |
( OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Going Concern |
NOTE 2 – GOING CONCERN
The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and
the liquidation of liabilities in the normal course of business. As indicated in the accompanying consolidated financial statements,
the Company had a net loss of $11,114,921 and $4,748,769 for the years ended December 31, 2019 and 2018, respectively; an accumulated
deficit of $203,808,349 at December 31, 2019. The Company has an unrestricted cash balance of $122,884 as of December 31, 2019.
The Company believes that if there is no additional investment or financing, the current cash balance available to the Company
or its projected cash balance for the next 18 months will be very difficult to cover the required payments of the operating expenses
arising from normal business operations and to meet the required payments of buy-backs and lease-backs if settled with the claims
filed by the property owners during next 18 months from the issuance date of this report.
In light of our current operating state, management
cannot provide assurance that the Company will achieve profitable operations or become cash flow positive in a short period of
time. Management believes that with its current capital resources, it will be very difficult to continue operating and maintaining
its business for the next 18 months from the issuance date of this report.
As of December 31, 2019, we had a total of
$67,257,262 outstanding loans payable to Harbin Bank (the “Bank”). As of the date of this report, we are in default
of three loans with the Bank in the aggregate amount of approximately $53.1 million. These loans are secured by certain assets
of the Company. The Company is currently in discussion with the Bank to convert the existing loans into a new loan and apply an
additional liquidity loan in RMB 50 million (collectively, the “Refinancing Loans”) and waive the penalty of late payment
of related loan interest. However, there is no assurance or certainty that such Refinancing Loans or Penalty Waiver will be approved
by the Bank. In the event that the Bank rejects our Refinancing Loans and/or commence any legal proceeding against us regarding
the Short-term Loans, we may lose our collateralized assets which will cause a material adverse effect on our results of operations.
Furthermore, if the collateral on those loans cannot satisfy our payment obligation, we may be forced to commence liquidation process
if we do not have sufficient liquidity or cannot raise sufficient fund at that time, if any at all.
As of December
31, 2019, the Company had property financing agreements payable of $77,464,781, lease liabilities payable of $521,264, expired
lease-back payables of $5,529,680, and buy-back payables of $4,152,344. As of December 31, 2019, there were 565
lawsuits case against the Company in Dalian City, China. Litigants claimed that the Company
failed to buy back the property pursuant to the sales contracts or the Company failed to pay the promised lease-back rent on time.
As of December 31, 2019, such claims amounted to $24,820,625. These payables were included in and reported under the caption of
“Property financing agreements payable”, “Lease liabilities payable” and “Other payables”
These lawsuits
are mostly caused by the failure of DVPD who
fails to buy back the properties when requested to or to pay rents for certain lease-back stores. Subsequently, certain stores
owned by DVPD have been frozen from transfer or disposition by the courts. DVPD has been prohibited from free transfer, disposal,
and pledge of its equity interest in DVBM which accounts for 5% in DVBM from March 2, 2017 to March 1, 2019. The 5% equity interest
in DVBM is still restricted currently as of the issuing date of this report. In addition, DVPD has been listed as a “dishonest
debtor” by the local courts in the PRC. Once listed as a dishonest debtor, DVPD can be subject to certain restrictions in
connection with commercial loans at the banks’ discretion; the purchase or transfer of properties and land use rights; and
upgrade or renovation of properties. In addition, the bank accounts of DVPD are frozen by the courts which allow the inflow of
cash to its bank accounts but prohibit the outflow of cash. The Company has been working actively to resolve these lawsuits since
we acquired Sino Pride in November 2016. However, the company cannot guarantee that all litigation cases can be solved in the future
or no new litigation cases will be generated.
Management believes that the recorded total
property financing agreements payable, buy-backs payable, lease-back liabilities payable and expired lease payable liabilities
of $92,410,701 is a reasonable estimation.
In order to continue as a going concern, the
Company will need, among other things, an additional capital injection and/or additional financing and the continued forbearance
of its lender not to foreclose on their loans that are in default. Management’s plans to obtain such fund for the Company
include (1) obtaining capital from the sale of its stock (2) short-term and long-term borrowings from banks and third-parties,
and (3) short-term borrowings from stockholders or other related parties when needed.
As
of the date of this Annual Report, the Short-Terms Loans have become due while the Company
has not made the corresponding payment. The Bank has not taken legal action against the Company and the Bank and the Company are
currently discussing potential grant to convert the principal and interests due into a new loan and an additional liquidity loans
in an amount of RMB 50 million (collectively, the “Refinancing Loans”). In addition, the Company has been negotiating
with the Bank for a waiver of the penalty for late payment of related loan interest (the “Penalty Waiver”). The Company
has already submitted the application for the Refinancing Loans at the request of the Bank. It usually takes about 2 to 3 months
for the Bank to review and approve the Refinancing Loans and the Penalty Waiver which can be potentially longer as a result of
the outbreak of the COVID-19. However, there is no assurance or certainty that such Refinancing Loans or Penalty Waiver will be
approved by the Bank. In the event that the Bank rejects our Refinancing Loans and/or commence any legal proceeding against us
regarding the Short-term Loans, we may lose our collateralized assets which will cause a material adverse effect on our results
of operations. Furthermore, if the collateral on those loans cannot satisfy our payment obligation, we may be forced to commence
liquidation process if we do not have sufficient liquidity or cannot raise sufficient fund at that time, if any at all.
As a result of the coronavirus pandemic, our
DVPD operations in Dalian remained closed from January 25, 2020 until March 5, 2020, which has adversely affected our operating
revenues and cash flow in the first quarter of 2020. Moreover, after reopening of the shopping mall, we have much less shoppers
and tenants in the shopping mall due to the continued effect of COVID-19, We cannot predict the full extent to which the COVID-19
pandemic will impact our business or operating results, which is highly dependent on inherently uncertain future developments,
including the severity of COVID-19 and the actions taken by governments and private businesses in relation to COVID-19 containment.
Additionally, even if the Company does raise sufficient capital to support its operations and generates adequate revenues, there
can be no assurances that the revenue will be sufficient to a level where it will generate profits and positive cash flows from
operations.
The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and
satisfaction of liabilities in the normal course of business. The accompanying consolidated financial statements do not include
any adjustments related to the recoverability and or classification of the recorded asset amounts and or the classification of
the liabilities that might be necessary should the Company be unable to continue as a going concern. | |
( us-gaap:SubstantialDoubtAboutGoingConcernTextBlock ) |
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(End Disclosure - Going Concern) |
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Disclosure - Summary of Significant Accounting Policies |
Disclosure - Summary of Significant Accounting Policies (USD $) |
12 Months Ended |
( AccountingPoliciesAbstract ) |
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Dec. 31, 2019 |
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Summary of Significant Accounting Policies |
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Basis of consolidation
The accompanying consolidated financial statements
present the historical results of operations and cash flows of VCM and its subsidiaries.
The Company’s consolidated financial
statements include the accounts of VCM, VCI, Sino Pride, DVPD, DVBM, and DVPM. All inter-company accounts and transactions among
the consolidation group have been eliminated in consolidation. Certain prior year balances have been reclassified to conform to
current year’s presentation.
Use of Estimates
The preparation of the consolidated financial
statements in conformity with accounting principles generally accepted in the U.S. requires management to makes estimates and assumptions
that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the consolidated
financial statements and during the reporting periods. Actual results could materially differ from these estimates. Significant
estimates include the liabilities recorded for financial agreements payable, buy-backs payable, lease back liabilities payable,
expired lease payables and the estimated liability accrued for additional litigation charges related to the numerous lawsuits.
Other estimates include the allowance for doubtful accounts on tenant receivables and other receivables, recoverability of long-lived
assets, the useful life of rental properties, property and equipment and intangible assets, assumptions used in assessing impairment
of long-term assets and the valuation of deferred tax assets.
Foreign Currency Translation
The reporting currency of the Company is the
U.S. dollar. The functional currency of VCM and VCI is the U.S. dollar. The functional currency of DVPD, DVBM, and DVPM is the
Chinese Renminbi (“RMB”) whereas the functional currency of Sino Pride and DVPM is the Hong Kong Dollar (“HK$”).
The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with FASB ASC 830-30
“Translation of Financial Statements”. The financial information is first prepared in RMB or HK$ and then is translated
into the U.S. dollar at the period-end exchange rates as to assets and liabilities and at average exchange rates as to revenue,
expenses and cash flows. Equity accounts are translated at their historical exchange rates when the capital transactions occurred.
As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with
the changes in the corresponding balance sheets. Translation adjustments resulting from the process of translating the local currency
financial statements into the U.S. dollar are included in accumulated other comprehensive income (loss). The cumulative translation
adjustment and effect of exchange rate changes on cash for the years ended December 31, 2019 and 2018 were $(2,242,729) and $(3,739,981),
respectively. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates
prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional
currency at the exchange rate prevailing at each balance sheet date with any transaction gains and losses that arise from exchange
rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations
as incurred.
Pursuant to paragraph FASB ASC 830-20-35-1,
the intra-entity (intercompany transactions) foreign currency transactions whose terms are denominated in the currency other than
the Company’s functional currency and settlement is anticipated in the foreseeable future (hence not long-term investment
nature), the increases or decreases in expected functional currency cash flows are included in determining net income (loss) for
the period in which the exchange rate changes. The Company has an inter-company loan denominated in US dollars. The repayment of
the loan is required when the Company is profitable. The loan proceeds, repayment and accrued interest were tracked in US dollars.
The Company uses the bank spot exchange rate to record proceeds and repayments in RMB. By the end of the reporting period, the
Company will adjust loan and interest payable balances from US dollars to RMB by using the period ending exchange rate. Any gain
or loss from foreign currency exchange will be recognized in the consolidated statements of operations. There were $271,447 and
$1,220,769 foreign currency transaction losses for the years ended December 31, 2019 and 2018, respectively.
Spot exchange rates and average exchange rates
published by fxtop.com were used in the translation of the consolidated financial statements.
|
|
2019 |
|
2018 |
US Exchange Rate |
|
|
|
|
|
|
|
|
Year-end RMB |
|
|
6.9615 |
|
|
|
6.8778 |
|
Year average RMB |
|
|
6.9114 |
|
|
|
6.6187 |
|
|
|
|
|
|
|
|
|
|
Year-end HK$ |
|
|
7.7865 |
|
|
|
7.8319 |
|
Year average HK$ |
|
|
7.8262 |
|
|
|
7.8377 |
|
All foreign exchange transactions must take
place through authorized institutions of China. Management makes no representation that the RMB amounts could have been, or could
be, converted into U.S. dollars at the rates used in translation.
Revenue Recognition
Rental Income-
Our Victory Plaza currently has 3,173 rental
units. Among these rental properties, the Company owned 433 units, 814 units were sold but with buy-back options, and 1,926 units
were sold with no repurchase options. The Company will lease back some of these sold properties and rent them out to tenants. All
contracts include a lease and contain information on rental income and payment term. Rental income is reported in the gross amount
including rent income from our owned properties and lease-back properties. A predominately majority of the rental income comes
from our owned properties and a very limited portion, estimated at less than 3%, from the lease-back properties. Existing lease-back
expenses were recorded as amortization and interest expenses. Expired lease-back expenses were included in the lease-back expenses.
The Company recognizes the rental income on
a straight-line basis over the terms of the leases. The cumulative differences between rental income recognized in the Company’s
consolidated statements of operations and contractual payment terms have been recorded as deferred rental income and presented
on the accompanying consolidated balance sheets.
Property Management Fee Income
We currently provide common area management
services to all tenants and shop owners. Common area management services include security, cleaning, fire service, landscaping,
public facilities maintenance and other traditional services provided by a property management office. The terms of the property
management agreements are usually consistent with the tenants’ lease term. Property management fees are charged based on
the area of property ranging from $16 to $20 per square foot per annum.
Since the performance obligations in the property
management agreement are identical with the terms of property management agreement, the Company recognizes the propriety management
income on a straight-line basis over the terms of the management agreement. The cumulative differences between property management
income recognized in the Company’s consolidated statements of operations and contractual payment terms have been recorded
as deferred income and presented on the accompanying consolidated balance sheets.
Expense Recovery
The Company will pay utility, repair and insurance
expenses to third party vendors in order to fulfill its management obligations. The Company will charge all or part of these expenses
to tenants in addition to property management fees. The charge will depend on the size of tenant and terms of property management
agreement. The Company is acting as an agent to arrange for the provision of utilities, repairs and other services by third parties.
The Company will recognize the fees collected as income after the Company’s service is provided. The recovered expenses will
offset the income the Company is paid and be reported net under the caption of other income in accompanying consolidated financial
statements.
Rental Properties
Rental properties are carried at cost less
accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvements
of rental properties are capitalized. Maintenance and repairs are expensed as incurred. Depreciation is recognized on a straight-line
basis over estimated useful lives of the assets. Improvements are capitalized and amortized over the shorter of their estimated
useful lives or the terms of the respective leases, if any. When rental properties are sold or otherwise disposed of, the cost
and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is recognized in the results
of operations.
The following table summarized the ownership
of rental properties.
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% of Total |
|
Financial Statement Presentation |
Group |
|
Description of Property |
|
SQ Ft |
|
Assets |
|
Liabilities |
A |
|
Owned with title by DVPD |
|
|
16 |
% |
|
Rental properties |
|
N/A |
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
9 |
% |
|
Rental properties |
|
Property financing agreements payable |
C * |
|
Properties with buy- back options transferred to SML in 2017 and 2018 |
|
|
6 |
% |
|
Rental properties |
|
Loan payable SML |
D |
|
Sold properties |
|
|
69 |
% |
|
N/A |
|
N/A |
|
|
Total properties |
|
|
100 |
% |
|
|
|
|
* In the filing of Form S-1/A dated February
12, 2019, the Company had a C-2 property group category, “Third party has title acquired from previous owner”. The
purchase and sale transactions between the previous owner and new owner - “third party” will not remove the burden
of the Company to buy back the property per the buy-back options. The nature of C-2 group is the same as Group B. Therefore, we
removed group C-2 (approximately 1%) and combined it with Group B.
Group A represents property that the Company
owns 100%. Group B represents property we sold to individual owners with buy-back options which are pending. Group C represents
property owned by SML, but the Company is still liable for the buy-back options. Pursuant to the SML Agreement, the Company is
obligated to buy back these properties plus accrued interest no later than May 15, 2020. Group D presents property we sold to various
individual owners without additional rights attached.
Sold Rental Properties with Financing
Agreements (Group B and C Properties)
Pursuant to the sales contracts, the buyers’
obtained legal title to the property and also had an option to sign a separate buy-back agreement. The purchase agreement granted
the buyer an option to request the Company to buy back sold properties at a stated buy-back price once the option vested and the
Company has received the payments for the sold property. As of December 31, 2019, approximately 15% of total rental spaces of Victory
Plaza were sold to various unrelated individuals and entities with buy-back options. The majority of these properties were sold
during the period from 1998 to 2014. The vesting dates of the buy-back options ranged from 2014 to 2018.
Pursuant to FASB ASC 360-20-40-38, if a property
seller has an obligation to repurchase the property, or the terms of the transaction allow the buyer to compel the seller or give
an option to request the seller to repurchase the property, the transaction shall be accounted for as financing, lease, or profit-sharing
arrangement rather than as a sale. It is aligned with FASB ASC 842-40-25-3, an option for the seller-lessee to repurchase the asset
would preclude accounting for the transfer of the asset as a sale of the asset. The Company’s accounting policy is to treat
this type of sales as a financing agreement. The Company continues to report its ownership of the property sold as an asset (within
Rental Properties) and continues to depreciate the property based on the estimated useful lives. The Company recorded sales proceeds
as “property financing agreements payable” in the consolidated financial statements and accrues the interest payable
during the periods of the vesting. The interest rate is determined by the price spread of each unit’s sale price and buy-back
price, and the time span from the date of sale to the maturity date (last date to execute the option). The Company will derecognize
the liability when the Company purchases back the properties, or the owners of these properties have settled with the Company or
gave up the buy-back options, or upon the expiration of the option if not exercised. If the settlement is greater than the book
amount (including principal and interest), a loss will be recognized. If the amount of settlement is less than book amount (including
principal and interest), a gain will be recognized. See Note 10, Property Financing Agreement Payable for further information.
Sold Properties (Group D Properties)
As of December 31, 2019, approximately 69%
of the total space of Victory Plaza was sold and owned by various unrelated individuals and entities with legal title to the respective
properties. Pursuant to the sale contracts, at the date of the sales, buyers obtained integrated legal ownership to the sold properties
and assumed the significant risks and rewards of ownership of the property (had the ability to rent and sell the property at-will)
while the Company received the payments of the purchase price. These sales are considered final sales.
As part of our operations, the Company may
from time to from lease back properties from the owners of Group D properties and subleases these properties to un-related third
parties with new lease terms. As of December 31, 2019, there was no sublease from the owner of Group D properties. Sales and lease-back
are two separate business transactions. Lease-back is at the owner’s will and is not a condition of sale. Lease-back could
happen immediately after the sale of property or at any time after the sale if the owner of the property is interested in rental
services provided by the Company.
Under FASB ASC Topic 842, a sale and lease-back
arrangement will be accounted for as a sale if all of the following conditions are met: (i) control of the underlying asset is
transferred to the buyer-lessor in accordance with the revenue recognition guidelines in FASB ASC Topic 606, Revenue from Contracts
with Customers, (ii) the classification of the sublease is not a finance lease from the perspective of the lessee, or a sales-type
lease from the perspective of the lessor, and (iii) there is no repurchase option.
There were 2 and 4 outstanding leases that
the Company leased back from the owners of Group D properties as of December 31, 2019 and 2018, respectively. All these lease-back
arrangements met the above criteria and have been accounted for as a sale. The allocated net book value and land use rights were
derecognized, and a gain or loss was recognized when each of the sales was completed.
Lessee Accounting
We have elected to early adopt FASB ASC Topic
842, the recent accounting update related to leases. FASB ASC 842 requires us to determine whether a contract is a lease or contains
a lease at the inception of the contract, considering all relevant facts and circumstances. A contract is a lease or contains a
lease if the contract conveys the right to control the use of identified property, plant, or equipment for a period of time in
exchange for consideration.
A lessee should recognize in the balance sheet
a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying
asset for the lease term. When measuring assets and liabilities arising from a lease, a lessee should include payments to be made
in optional periods only if the lessee is reasonably certain to exercise its option to extend the lease or not exercise an option
to terminate the lease. Similarly, optional payments to purchase the underlying asset should be included in the measurement of
lease assets and lease liabilities only if the lessee is reasonably certain to exercise that purchase option.
A lease is classified as a finance lease when
the lease meets any of the following criteria: (i) the lease transfers ownership of the underlying asset to the lessee by the end
of the lease term, (ii) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain
to exercise, (iii) the lease term is for the major part of the remaining economic life of the underlying asset, (iv) the present
value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease
payments equals or exceeds substantially all (90% or more) of the fair value of the underlying asset, or (v) the underlying asset
is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. A lease
not classified as a finance lease is classified as an operating lease.
The lease liability is initially measured at
the present value of lease payments to be paid as of lease commencement. Lease payments should be discounted at the rate implicit
in the lease or lessee’s incremental borrowing rate. The right-of-use asset is initially measured as: (i) the lease liability
determined, (ii) lease payments made to the lessor at or before lease commencement, minus lease incentives received from the lessor,
and (iii) initial direct costs incurred by the lessee.
A lessee will measure the lease liability by
(a) accreting interest expense on the carrying value of the lease liability using the effective interest rate method, and (b) reducing
the carrying value of the lease liability for lease payments made. A lessee will measure the right-of-use asset by amortizing that
asset over the lease term. Amortization is recorded on a straight-line basis. The right-of-use asset will also be tested for impairment
based on the asset impairment rules that apply to property, plant and equipment in FASB ASC Topic 360.
For leases with a term of 12 months or less,
a lessee is permitted to make an accounting policy election by class of underlying assets not to recognize lease assets and lease
liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis
over the lease term.
Lessor Accounting
The Company currently owns 433 rental units
and leased these rental properties to various tenants. Pursuant to FASB ASC 842 – 30, the Company will classify a lease as
a sales – type lease if: (i) the lease transfers ownership of the underlying asset to the lessee by the end of the lease
term, (ii) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise,
(iii) the lease term is for the major part of the remaining economic life of the underlying asset, (iv) the present value of the
sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals
or exceeds substantially all (90% or more) of the fair value of the underlying asset, or (v) the underlying asset is of such a
specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. As of December 31,
2019, none of our leases, as a lessor, met the above criteria to be classified as a sales–type lease.
Pursuant to FASB ASC 842 – 30, when none
of the sales-type lease classification criteria are met, a lessor would classify the lease as a direct financing lease when both
of the following criteria are met: (i) the present value of the sum of the lease payments and any residual value guaranteed by
the lessee that is not already reflected in the lease payments and/or any other third party unrelated to the lessor equals or exceeds
substantially all (90% or more) of the fair value of the underlying asset and (ii) it is probable that the lessor will collect
the lease payments plus any amount necessary to satisfy a residual value guarantee. As of December 31, 2019, none of our leases,
as a lessor, met the above criteria to be classified as a financing lease.
Pursuant to FASB ASC 842 – 30, a lessor
would classify a lease as an operating lease when none of the sales-type lease or direct financing lease classification criteria
are met. As of December 31, 2019, all leases of the Company’s rental properties were classified as operating leases. The
Company will maintain the underlying asset and recognizes lease income over the lease term.
Disposition of Real Estate and Real Estate
Investments
Sales of real estate include operating properties
and investments in real estate joint ventures. Gains from dispositions are recognized using the full accrual or partial sale methods,
provided that the Company has met various criteria relating to the terms of sale and any subsequent involvement. If the criteria
for sales recognition or gain recognition are not met because of a form of continuing involvement, the accounting for such transactions
is dependent on the nature of the continuing involvement. In certain cases, a sale might not be recognized, and in others all or
a portion of the gain might be deferred.
Real Estate Held for Sale
The Company generally considers assets to be
held for sale when management believes that a sale is probable within a year. This generally occurs when a sales contract is executed
with no substantive contingencies and the prospective buyer has significant funds at risk. Assets that are classified as held for
sale are recorded at the lower of their carrying amount or fair value, less cost to sell. The Company evaluated its property portfolio
and did not identify any properties that would meet the criteria for held for sale as of December 31, 2019 and December 31, 2018.
Cash and Cash Equivalents
Cash and cash equivalents include cash on hand
and demand deposits in accounts maintained with commercial banks within the PRC, Hong Kong and United States. The Company considers
all short-term highly liquid investments with original maturities of three months or less when purchased to be cash and cash equivalents.
Restricted Cash
Restricted cash represents
cash deposits required by the bank to be used for interest and loan repayments only.
Tenant and Sundry Receivables, net of Allowance
for Doubtful Accounts
Tenant receivables are recorded at original
invoice amount, less an estimated allowance for doubtful accounts. The allowance for doubtful accounts represents management’s
estimate of the amount of probable credit losses, determined by reviewing past due balances and other information. The Company
makes judgments as to the collectability of tenant receivables based on historical trends and future expectations. Management estimates
an allowance for doubtful accounts and adjusts gross tenant receivables downward based on their expectation of specific tenant
risks and the Company’s tenant receivable aging and collection analysis. Management considers accounts past due on a tenant-by-tenant
basis. Based on its review, management has provided an allowance for doubtful accounts as of December 31, 2019 and 2018 of $632,768
and $123,467, respectively.
Property and Equipment
Property and equipment are carried at cost,
less accumulated depreciation. Cost includes any incremental costs that are directly attributable to the construction or acquisition
of the item of property and equipment. Maintenance and repairs are expensed as incurred, while major maintenance and remodeling
costs are capitalized if they extend the useful life of the asset. Depreciation is computed using the straight-line method over
the estimated useful lives.
When properties and equipment are sold or otherwise
disposed of, the costs and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is
recognized in the results of operations.
Impairment of Long-Lived Assets
Long-lived assets, primarily rental properties
and machinery and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant
decline in the observable market value of an asset, a significant change in the manner in which an asset is used, or a significant
adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. For long-lived assets
to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its estimated
undiscounted future cash flows over the anticipated holding period and measures the impairment loss based on the amount by which
the carrying amount of the asset exceeds its estimated fair value. Fair value is determined through various valuation techniques,
including discounted cash flow models, quoted market values or third-party independent appraisals, as considered necessary. There
were no impairment losses recognized during the years ended December 31, 2019 and 2018.
Debt Issuance Costs
Costs related to bank loans payable consist
of fees and direct costs incurred in obtaining such financings. These costs are presented as a reduction of bank loans payable
and are amortized on a straight-line basis over the terms of the related loan payable which approximates the effective interest
rate method. Such amortization is included in “Interest – loans” in the accompanying consolidated statements
of operations, which amounted to $55,190 and $52,331 for the years ended December 31, 2019 and 2018, respectively.
Per Share Amounts
The Company computes per share amounts in accordance
with FASB ASC Topic 260 “Earnings per Share” (EPS) which requires presentation of basic and diluted EPS. Basic
EPS is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares
outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other
contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that
then shared in the earnings of the Company, if any. This is computed by dividing net earnings by the combination of basic and dilutive
common share equivalents. Since the Company is in a net loss position, all common stock equivalents would be anti-dilutive and
are, therefore, not included in the determination of diluted loss per share. Accordingly, basic and diluted net loss per share
are the same. There were no common stock equivalents as of December 31, 2019 and 2018.
Years Ended December 31, |
|
2019 |
|
2018 |
Numerator for earnings per share: |
|
|
|
|
|
|
|
|
Net loss attributable to the Company’s common shareholders |
|
$ |
(9,619,713 |
) |
|
$ |
(3,777,399 |
) |
Denominator for basic and diluted earnings per share: |
|
|
|
|
|
|
|
|
Basic weighted average common shares |
|
|
21,472,792 |
|
|
|
20,700,000 |
|
Diluted weighted average common shares |
|
|
21,472,792 |
|
|
|
20,700,000 |
|
Non-Controlling Interest
Non-controlling interest is classified as a
separate line item in the equity section and disclosures in the Company’s consolidated financial statements. This amount
represents the 20% non-controlling interest in DVPD owned by DVDC.
Comprehensive Income (Loss)
The Company follows ASC 220-10, “Reporting
Comprehensive Income” FASB ASC 220-10 requires the reporting of comprehensive income (loss) in addition to net income
(loss). Comprehensive income (loss) is a more inclusive financial reporting methodology that includes disclosure of information
that historically has not been recognized in the calculation of net income (loss). Comprehensive income (loss) generally represents
all changes in shareholders’ equity during the period except those resulting from investments by, or distributions to shareholders.
Comprehensive income (loss) reflects the gain (loss) due to foreign currency translation adjustments.
Fair Value of Financial Instruments
The following disclosure of the estimated fair
value of financial instruments is made in accordance with the provision of FASB ASC 825-10-65, “Financial Instruments
– Transition and Open Effective Date Information”. Although the estimated fair value amounts have been determined
by the Company using available market information and appropriate valuation methodologies, the estimates presented are not necessarily
indicative of the amounts that the Company could realize in current market exchanges. The carrying amounts reported in the consolidated
balance sheets for cash, accounts receivables and accounts payable approximate fair value because of the short-term nature of these
financial instruments.
Income Taxes
The Company is governed by the Income Tax Law
of the PRC, the Special Region of Hong Kong and the U.S. Internal Revenue Code of 1986, as amended. The Company accounts for income
taxes using the asset/liability method prescribed by FASB ASC 740, “Accounting for Income Taxes.” Under this method,
deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets
and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse.
Deferred tax assets are also provided for net operating loss carryforwards that can be used to offset taxable income in the future.
The Company records a valuation allowance to offset deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not
that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates
is recognized in income or loss in the period that includes the enactment date.
The Company follows the provisions of ASC 740-10-50,
“Accounting for Uncertainty in Income Taxes,” which provides clarification related to the process associated with accounting
for uncertain tax positions recognized in the Company’s financial statements. Audit periods remain open for review until
the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit
period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to
the Company’s results of operations for any given quarter or annual period based, in part, upon the results of operations
for the given period. As of December 31, 2019, and 2018, the Company had no uncertain tax positions, and will continue to evaluate
for uncertain positions in the future.
Fair Value Measurements
The Company complies with the provisions of
FASB ASC 820 “Fair Value Measurements and Disclosure “(ASC 820) in measuring fair value and in disclosing fair
value measurements. FASB ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about
fair value measurements required under other accounting pronouncements. FASB ASC 820-10-35, Fair Value Measurements and Disclosures
– Subsequent Measurement (ASC 820-10-35), clarifies that fair value is an exit price, representing the amount that would
be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value
measurement reflects the assumptions market participants would use in pricing an asset or liability based on the best information
available. Assumptions include the risks inherent in a particular valuation technique and/or the risks inherent in the inputs to
the model.
ASC 820-10-35 discusses valuation techniques,
such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and
the cost approach (cost to replace the service capacity of an asset or replacement cost). The statement utilizes a fair value hierarchy
that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief
description of those three levels:
Level 1 Inputs – Level 1 inputs are unadjusted
quoted prices in active markets for assets or liabilities identical to those to be reported at fair value. An active market is
a market in which transactions occur for the item to be fair valued with sufficient frequency and volume to provide pricing information
on an ongoing basis.
Level 2 Inputs – Level 2 inputs are inputs
other than quoted prices included within level 1. Level 2 inputs are observable either directly or indirectly. These inputs include:
(a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities
in markets that are not active, such as when there are few transactions for the asset or liability, the prices are not current,
price quotations vary substantially over time or in which little information is released publicly; (c) Inputs other than quoted
prices that are observable for the asset or liability and (d) Inputs that are derived principally from or corroborated by observable
market data by correlation or other means.
Level 3 Inputs – Level 3 inputs are unobservable
inputs for an asset or liability. These inputs should be used to determine fair value only when observable inputs are not available.
Unobservable inputs should be developed based on the best information available in the circumstances, which might include internally
generated data and assumptions being used to price the asset or liability.
When determining the fair value measurements
for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal
or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing
the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical
assets are not traded in active markets, the Company looks to market observable data for similar assets. Nevertheless, certain
assets are not actively traded in observable markets and the Company must use alternative valuation techniques to derive a fair
value measurement.
Related Parties
Parties are considered to be related to the
Company if they, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control
with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families
of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls
or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties
might be prevented from fully pursuing its separate interests. The Company discloses all related party transactions.
Deferred Rental Income
Rental and management fee income from leases
are recognized on a straight-line basis over the term of the relevant leases. The cumulative difference between the rental income/management
fees recognized in the Company’s consolidated statements of operations and actual annual contractual lease payments are recorded
as deferred rental income and presented on the consolidated balance sheets. Additionally, prepaid lease payments from the tenant
is included in deferred income.
Advertising
Advertising is expensed as incurred and is
included in other general and administrative expenses. There were $472 and $680 advertising expenses for the years ended December
31, 2019 and 2018.
Recently Issued Accounting Pronouncements
In February 2018,
the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects
from Accumulated Other Comprehensive Income. The amendments in this Update affect any entity that is required to apply the provisions
of Topic 220, Income Statement – Reporting Comprehensive Income, and has items of other comprehensive income for which the
related tax effects are presented in other comprehensive income as required by GAAP. The amendments in this Update are effective
for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption
of the amendments in this Update is permitted, including adoption in any interim period, (1) for public business entities for reporting
periods for which financial statements have not yet been issued and (2) for all other entities for reporting periods for which
financial statements have not yet been made available for issuance. The amendments in this Update should be applied either in the
period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate
income tax rate in the Tax Cuts and Jobs Act is recognized. The adoption of this ASU did not have a material effect on the Company’s
consolidated financial statements.
In June 2018, the
FASB issued ASU 2018-07 – Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment
Accounting, which to include share-based payment transactions for acquiring goods and services from non-employees, which nonemployee
share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that an
entity is obligated to issue when the goods have been delivered or the service has been rendered and any other conditions necessary
to earn the right to benefit from the instruments have been satisfied. The definition of the term grant date is amended to generally
state the date at which a grantor and a grantee reach a mutual understanding of the key terms and conditions of a share based payment
award. The amendments are effective for public business entities for fiscal years beginning after December 15, 2018, including
interim periods within those fiscal years. For all other entities, the amendments in this ASU are effective for fiscal years beginning
after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted,
including adoption in an interim period. The adoption of this ASU did not have a material effect on the Company’s consolidated
financial statements.
In August 2018, the
FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements
for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 removes, modifies and adds certain disclosure requirements
in Topic 820 “Fair Value Measurement”. ASU 2018-13 eliminates certain disclosures related to transfers and the valuations
process, modifies disclosures for investments that are valued based on net asset value, clarifies the measurement uncertainty disclosure,
and requires additional disclosures for Level 3 fair value measurements. ASU 2018-13 is effective for the Company for annual and
interim reporting periods beginning July 1, 2020. The Company does not believe the adoption of this ASU will have a material effect
on the Company’s consolidated financial statements.
In May 2019, the FASB
issued ASU 2019-05, which is an update to ASU Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement
of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit
losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. The amendments in
Update 2016-13 added Topic 326, Financial Instruments—Credit Losses, and made several consequential amendments to the Codification.
Update 2016-13 also modified the accounting for available-for-sale debt securities, which must be individually assessed for credit
losses when fair value is less than the amortized cost basis, in accordance with Subtopic 326-30, Financial Instruments—
Credit Losses—Available-for-Sale Debt Securities. The amendments in this Update address those stakeholders’ concerns
by providing an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized
cost basis. For those entities, the targeted transition relief will increase comparability of financial statement information by
providing an option to align measurement methodologies for similar financial assets. Furthermore, the targeted transition relief
also may reduce the costs for some entities to comply with the amendments in Update 2016-13 while still providing financial statement
users with decision-useful information. ASU 2019-05 is effective for the Company for annual and interim reporting periods beginning
July 1, 2020. The Company is currently evaluating the impact of ASU 2019-05 will have on its consolidated financial statements.
The Company does
not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect
on the Company’s consolidated financial statements. | |
( us-gaap:SignificantAccountingPoliciesTextBlock ) |
| |
|
(End Disclosure - Summary of Significant Accounting Policies) |
|
Disclosure - Prepaid Expenses and Other Assets |
Disclosure - Prepaid Expenses and Other Assets (USD $) |
12 Months Ended |
( custom:PrepaidExpensesAndOtherAssetsAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Prepaid Expenses and Other Assets |
NOTE 4 – PREPAID EXPENSES AND OTHER ASSETS
Prepaid expenses and other assets consist of
the following:
|
|
2019 |
|
|
2018 |
|
Supplies on hand |
|
$ |
100,156 |
|
|
$ |
79,478 |
|
Prepaid expenses |
|
|
331,454 |
|
|
|
498,043 |
|
Deposits |
|
|
95,224 |
|
|
|
120,235 |
|
Total prepaid expenses and other assets |
|
$ |
526,834 |
|
|
$ |
697,756 |
|
| |
( custom:PrepaidExpensesAndOtherAssetsTextBlock [Extension] ) |
| |
|
(End Disclosure - Prepaid Expenses and Other Assets) |
|
Disclosure - Rental Properties, Net |
Disclosure - Rental Properties, Net (USD $) |
12 Months Ended |
( us-gaap:LeasesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Rental Properties, Net |
NOTE 5 – RENTAL PROPERTIES, NET
Victory Plaza is located in Dalian City, Liaoning
Province of China. It was built by DVPD from 1993 to 1998.
The Company leases its own properties and lease-backed
properties to tenants and manages the Victory Plaza.
The following table summarized ownership of
rental properties.
As of December 31, 2019
Group |
|
Description of Property |
|
Cost |
|
|
In Square
Feet |
|
|
% of Total
Square Feet |
|
|
Units |
|
A |
|
Owned by DVPD |
|
$ |
21,704,162 |
|
|
|
240,455 |
|
|
|
16 |
% |
|
|
433 |
|
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
11,703,248 |
|
|
|
130,394 |
|
|
|
9 |
% |
|
|
495 |
|
C |
|
Properties with buy- back options transferred to SML in 2017 and 2018 * |
|
|
7,660,568 |
|
|
|
86,251 |
|
|
|
6 |
% |
|
|
319 |
|
D |
|
Sold properties without buy- back options |
|
|
|
|
|
|
1,023,519 |
|
|
|
69 |
% |
|
|
1,926 |
|
Rental properties at cost |
|
|
41,067,978 |
|
|
|
1,480,618 |
|
|
|
100 |
% |
|
|
3,173 |
|
Less: accumulated depreciation |
|
|
(19,733,963 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Rental properties, net |
|
$ |
21,334,015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018
Group |
|
Description of Property |
|
Cost in US $ |
|
|
In Square
Feet |
|
|
% of Total
Square Feet |
|
|
Units |
|
A |
|
Owned by DVPD |
|
$ |
21,968,292 |
|
|
|
240,799 |
|
|
|
16 |
% |
|
|
434 |
|
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
11,845,672 |
|
|
|
130,049 |
|
|
|
9 |
% |
|
|
493 |
|
C |
|
Properties with buy- back options transferred to SML in 2017 and 2018 * |
|
|
7,753,794 |
|
|
|
86,251 |
|
|
|
6 |
% |
|
|
319 |
|
D |
|
Sold properties without buy- back options |
|
|
- |
|
|
|
1,023,519 |
|
|
|
69 |
% |
|
|
1,927 |
|
Rental properties at cost |
|
|
41,567,758 |
|
|
|
1,480,618 |
|
|
|
100 |
% |
|
|
3,173 |
|
Less: accumulated depreciation |
|
|
(19,048,676 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Rental properties, net |
|
$ |
22,519,082 |
|
|
|
|
|
|
|
|
|
|
|
|
|
*See Note 10, Property Financing Agreement Payable
Depreciation
expense for the rental properties was $920,943 and $974,548 for the years ended December 31,
2019 and December 31, 2018 respectively. As of December 31, 2019 and 2018, 1,023,519 square feet (95,088 square meters) of total
rental properties (Group D property), or 69% of rental properties were sold. These sold properties are owned by various unrelated
individuals and entities. The majority of these properties were sold during the period from 1998 to 2012. Pursuant to the sale
contracts, at the date of the sale, buyers obtained legal ownership to the sold properties and assumed the significant risks and
rewards of ownership of the property (had the ability to rent and sell the property at-will) while the Company received the payments
of the purchase prices. These sales were considered final sales. The allocated carrying cost and land use rights costs were derecognized
and gains or losses were recognized when the sales were completed.
As of December 31, 2019, DVPD owned 240,455
Square feet (22,339 square meters) of total rental properties (Group A property) (approximately 16%) with legal title. As of December
31, 2018, DVPD owned 240,799 square feet (22,371 square meters) of total rental properties (Group A property) (approximately 16%)
with legal title. Rental properties are carried at cost, which includes allocated construction costs and allocated original purchased
land use right costs. These properties were recorded under the caption of “rental properties”.
Among the properties owned by the Company,
200,747 square feet (18,650 square meters) of properties were used as collateral for a 390M RMB Loan ($56.2 million) and 22,098
square feet (2,053 square meters) were used as collateral for 50M RMB Loan ($7.2 million) and 23M RMB Loan ($3.5 million). (see
Note 10, Bank Loans Payable)
Group B and Group C properties were properties
sold to various unrelated individuals and entities with a buy-back option. The majority of these properties were sold during the
period from 1998 to 2012. The vesting dates of the buy-back options ranged from 2014 to 2018. The Company has no legal title to
these properties until the Company purchases back these properties upon the exercise of the buy-back option. The Company’s
accounting policy is to treat these types of sales as a financing agreement. The cost of property sold has been measured under
the caption of “rental property” in the consolidated financial statements and continue to be depreciated. The Company
recorded the sales proceeds as “property financing agreements payable” in the consolidated financial statements and
accrues the interest expense during the period of the lease. The interest rate is determined by the price spread of each unit’s
sale price and re-purchase price, and the time span from the date of sale to the maturity date (last date to execute the option).
At the date of repurchase, the amount of sales proceeds received plus interest accrued will be equal to the agreed purchase price.
The Company will derecognize the liability at the earlier of (1) when the Company repurchases the property, (2) when the owner
of the property and the Company reaches a settlement and the owner gives up the buy-back option, or (3) the expiration of the buy-back
option. (See Note 10), Property Financing Agreement Payable for further information.
In the filing of Form S-1/A dated February
12, 2019, the Company had a C-2 property group category, “Third party has title acquired from previous owner”. The
purchase and sale transactions between the previous owner and new owner - “third party” will not remove the burden
of the Company to buy back the property per the buy-back option. The nature of the C-2 group was the same as Group B. Therefore,
we removed group C-2 and combined it (approximately 1%), with Group B.
As of December 31, 2019, Group B properties
had 130,394 square feet (12,114 square meters) 9% of total properties. As of December 31, 2018, Group B properties had 130,049
square feet (12,082 square meters) 9% of total properties.
Pursuant to the SML financing agreement (see
Note 10, Property Financing Agreement Payable), SML will negotiate with each individual property owner who exercised their option
to request the Company to buy back the property on a case by case basis and pay an agreed upon price to the property owner. SML
will acquire the title to the property and settle with the previous owner and extend the buy-back option to May 15, 2020. The Company
will honor the buy-back agreements and agreed to pay the same purchase price stated in the original buy-back agreements. SML will
also negotiate with lease back owners and settle the balance due that the Company owed to lease owners. The Company will pay interest
at 8% per annum of the balance (buy-back price) owed to SML. As of December 31, 2019 and 2018, 86,251 square feet (8,013 square
meters) of properties were owned by SML.
There is no private ownership of land in the
PRC. All land in the PRC is owned by the government and cannot be sold to any individual or company. The government grants a land
use right that permits the holder of the land a right to use the land for a specified period. Our land use rights were granted
with a term of 50 years. Any transfer of the land use right requires government approval. The acquisition cost of the land use
right was allocated to each rental property and is amortized with the rental property. The land use rights expire in May 2043.
Properties’ estimated life was determined by the valid life of land use rights. Rental properties are depreciated over 45
years.
Expected future minimum rents to be received
over the next five years and thereafter from leases in effect as of December 31, 2019 are as follows:
For the Years Ending December 31, |
|
Amount in US$ |
|
2020 |
|
$ |
679,390 |
|
2021 |
|
|
653,146 |
|
2022 |
|
|
63,497 |
|
2023 |
|
|
7,182 |
|
|
|
|
|
|
Total |
|
$ |
1,403,215 |
|
During 2019, the Company didn’t sell
any unit. During 2018, the Company sold 26 units comprised of 7,460 square feet (693 square meters) to third parties without buy-back
options. Those sales were considered as final. The Company realized a gain of $1,340,035 from these sales.
Sales price |
|
$ |
2,098,071 |
|
Less: carrying costs |
|
|
(610,365 |
) |
Add: accumulated depreciation |
|
|
279,703 |
|
Other cost adjustments |
|
|
(427,374 |
) |
Net Gain |
|
$ |
1,340,035 |
|
| |
( us-gaap:LesseeOperatingLeasesTextBlock ) |
| |
|
(End Disclosure - Rental Properties, Net) |
|
Disclosure - Property and Equipment |
Disclosure - Property and Equipment (USD $) |
12 Months Ended |
( us-gaap:PropertyPlantAndEquipmentAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Property and Equipment |
NOTE 6 –PROPERTY AND EQUIPMENT
Property and equipment are composed of the
following:
|
|
Estimated
Useful Life |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Rental Property |
|
45 years |
|
$ |
218,482 |
|
|
$ |
221,140 |
|
Office equipment |
|
3-5 years |
|
|
319,359 |
|
|
|
324,623 |
|
Business machinery and equipment |
|
5-10 years |
|
|
2,944,603 |
|
|
|
2,969,180 |
|
Auto |
|
5 years |
|
|
24,574 |
|
|
|
24,873 |
|
Improvements |
|
5-10 years |
|
|
9,997,516 |
|
|
|
10,118,913 |
|
Total properties, machinery and equipment |
|
|
|
|
13,504,534 |
|
|
|
13,658,729 |
|
Less: accumulated depreciation and amortization |
|
|
|
|
(13,074,471 |
) |
|
|
(13,024,140 |
) |
Property and equipment, net |
|
|
|
$ |
430,063 |
|
|
$ |
634,589 |
|
Depreciation expense was $222,813 and $226,603
for the years ended December 31, 2019 and 2018, respectively. | |
( us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock ) |
| |
|
(End Disclosure - Property and Equipment) |
|
Disclosure - Intangible Assets |
Disclosure - Intangible Assets (USD $) |
12 Months Ended |
( GoodwillAndIntangibleAssetsDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Intangible Assets |
NOTE 7 - INTANGIBLE ASSETS
Intangible assets consist of the software used
in management. The cost and related amortization are as follows:
|
|
Estimated
Useful Life |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
Management software |
|
5 years |
|
$ |
25,819 |
|
|
$ |
26,134 |
|
Less: accumulated amortization |
|
|
|
|
(8,179 |
) |
|
|
(3,051 |
) |
Intangible assets, net |
|
|
|
$ |
17,640 |
|
|
$ |
23,083 |
|
Amortization expense was $5,201 and $3,171
for the years ended December 31, 2019 and 2018, respectively. | |
( us-gaap:IntangibleAssetsDisclosureTextBlock ) |
| |
|
(End Disclosure - Intangible Assets) |
|
Disclosure - Right of Use Assets |
Disclosure - Right of Use Assets (USD $) |
12 Months Ended |
( custom:RightOfUseAssetsAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Right of Use Assets |
NOTE 8 – RIGHT OF USE ASSETS
As part of its operations, the Company leases
back sold properties in Victory Plaza and subleases the properties to un-related third parties with separate lease terms. Leases
related to the property in Group B (see Note 5, Rental Properties, Net) which were sold with buy-back options are classified as
financing leases. Leases related to the property in Group D (see Note 5) are classified as financing leases if the lease meets
any of the following criteria: (i) the lease transfers ownership of the underlying asset to the lessee by the end of the lease
term, (ii) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise,
(iii) The lease term is for the major part of the remaining economic life of the underlying asset, (iv) the present value of the
sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals
or exceeds substantially all (90% or more) of the fair value of the underlying asset, or (v) the underlying asset is of such a
specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. A lease will be classified
as an operating lease if it is not classified as a finance lease.
On March 27, 2018, Sino Pride leased office
space which is to expire on March 26, 2020. Due to the cost consideration, on August 15, 2019, Sino Pride terminated its old lease
and moved to a new location. The lease is classified as an operating lease. At the lease commencement date, the Company recognized
a right-of-use asset and a lease liability, which is the present value of the total lease payments discounted at 5.25% - a premium
bank lending rate per annum at the date. The right-of-use asset is amortized over the term of lease.
Lease Liability maturities as of December 31, |
|
|
|
|
2020 |
|
|
210,946 |
|
2021 |
|
|
191,530 |
|
2022 |
|
|
118,788 |
|
Thereafter |
|
|
- |
|
Total Lease Liability maturities |
|
|
521,264 |
|
Right of use assets consist of the followings
as of December 31, 2019 and 2018:
Right of Use Assets- As of December 31, 2019 in US $ |
Lease Type |
|
Property Group |
|
Lease Units |
|
|
ROU Assets |
|
|
Accumulated Amortization |
|
|
ROU, Net |
|
Financing lease |
|
B |
|
|
1 |
|
|
$ |
61,261 |
|
|
$ |
(60,166 |
) |
|
$ |
1,095 |
|
Financing lease |
|
D |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease - Rental |
|
- |
|
|
2 |
|
|
|
564,865 |
|
|
|
(81,782 |
) |
|
|
483,083 |
|
Total |
|
|
|
|
3 |
|
|
$ |
626,126 |
|
|
$ |
(141,948 |
) |
|
$ |
484,178 |
|
Right of Use Assets - As of December 31, 2018 in US $ |
Lease Type |
|
Property Group |
|
Lease Units |
|
|
ROU Assets |
|
|
Accumulated Amortization |
|
|
ROU, Net |
|
Financing lease |
|
B |
|
|
4 |
|
|
$ |
315,067 |
|
|
$ |
(284,848 |
) |
|
$ |
30,219 |
|
Financing lease |
|
D |
|
|
4 |
|
|
|
247,730 |
|
|
|
(237,948 |
) |
|
|
9,782 |
|
Operating lease - Rental |
|
- |
|
|
1 |
|
|
|
597,889 |
|
|
|
(214,985 |
) |
|
|
382,904 |
|
Total |
|
|
|
|
9 |
|
|
$ |
1,160,686 |
|
|
$ |
(737,781 |
) |
|
$ |
422,905 |
|
There were 6 and 15 lease-back leases that
expired during the twelve months ended December 31, 2019 and December 31, 2018, respectively. The Company did not renew those leases.
Amortization of ROU assets were $38,040 and
$110,602 for the years ended December 31, 2019 and 2018, respectively.
Operating lease expense was $291,549 and $235,623
for the years ended December 31, 2019 and 2018, respectively.
The short-term rent lease expense was also
included in operating lease expense. In addition to the above operating lease expense, short-term rental expense was $307,505
and $268,778 for the year ended December 31, 2019 and 2018, respectively. | |
( custom:RightOfUseAssetsTextBlock [Extension] ) |
| |
|
(End Disclosure - Right of Use Assets) |
|
Disclosure - Short-Term Loan and Interest Receivable |
Disclosure - Short-Term Loan and Interest Receivable (USD $) |
12 Months Ended |
( us-gaap:DebtDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Short-Term Loan and Interest Receivable |
NOTE 9 - SHORT-TERM LOAN AND INTEREST RECEIVABLE
On June 28, 2018, DVBM entered into a loan
agreement to lend RMB 50,000,000 or $7,265,647 (the “Principal”) to Zhong Ke Chuang Zhan Investment, Ltd, an independent
third party (“ZKCZ”). The maturity date of the unsecured loan was June 30, 2019 (the “Maturity Date”).
The interest (the “Interest”) shall accrue on the unpaid Principal amount of the loan from July 1, 2018 to September
30, 2018 at a simple rate of 2% per month and from October 1, 2018 to June 30, 2019 at a simple rate of 0.7% per month. All computations
of the Interest rate hereunder shall be made based on the daily balance of the Principal amount of the loan. Accrued, but unpaid,
interest shall be paid on the Maturity Date. The outstanding loan principle to ZKCZ was approximately $7.5 million at December
31, 2019.
On June 30,
2019, the Company signed a new loan agreement with ZKCZ to amend the loan amount from $7,182,360 (RMB 50,000,000) to $10,773,540
(RMB 75,000,000) and extend its Maturity Date to September 30, 2020. At the request of the Company, ZKCZ has provided to the Company
a Promissory Note and payment plan related to the above outstanding loan. As of June 30, 2019, the Company has recorded a reserve
allowance of $2,606,349 (RMB 18,144,100) in the accompanying consolidated financial statements. From
January 1, 2020 to March 31, 2020, ZKCZ has made payments of approximately RMB 6.2M back
to the Company. | |
( us-gaap:ShortTermDebtTextBlock ) |
| |
|
(End Disclosure - Short-Term Loan and Interest Receivable) |
|
Disclosure - Bank Loans Payable |
Disclosure - Bank Loans Payable (USD $) |
12 Months Ended |
( DebtDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Bank Loans Payable |
NOTE 10 – BANK LOANS PAYABLE
The following table sets forth the Company’s
loans payable as of December 31, 2019 and December 31, 2018:
|
|
2019 |
|
|
2018 |
|
Harbin Bank Loans |
|
|
|
|
|
|
|
|
Interest at 5.46% per annum, payable 07/18/2027 |
|
$ |
55,519,644 |
|
|
$ |
56,267,993 |
|
Interest at 7.08% per annum, payable 07/19/2024 |
|
|
4,104,206 |
|
|
|
4,348,878 |
|
Interest at 6.50% per annum, payable 12/20/2018-In default |
|
|
3,303,885 |
|
|
|
3,344,093 |
|
Interest at 6.50% per annum, payable 09/27/2019-In default |
|
|
2,858,579 |
|
|
|
2,893,367 |
|
Interest at 6.50% per annum, payable 03/11/2020-In default |
|
|
1,470,948 |
|
|
|
- |
|
Total principal |
|
|
67,257,262 |
|
|
|
66,854,331 |
|
Less: |
|
|
|
|
|
|
|
|
unamortized debt issuance cost |
|
|
(335,849 |
) |
|
|
(395,397 |
) |
Total bank loans payable |
|
$ |
66,921,413 |
|
|
$ |
66,458,934 |
|
On July 20, 2014, the Company’s subsidiaries,
DVPD entered into a 10-year loan agreement (the “RMB 390M Loan”) US$56,022,409 (RMB 390,000,000 translated at December
31, 2019 exchange rate) long-term borrowing from Harbin Bank (the “Bank”). The Loan was used for “repayment of
other bank loans, repayment of shareholder loans and renovations”. The Loan charges a floating rate of interest at 120% of
the loan rate published by the People’s Bank of China for similar loans. Current benchmark rate for a business loan over
5 years is 4.9% per annum adjusted on October 24, 2015. The average interest rates were 5.88% and 5.90% for the years ended December
31, 2019 and 2018, respectively. Originally, Loan was to mature on June 19, 2024. On August 17, 2017, the Bank agreed to the following:
(i) to extend the maturity date of the Loan from July 19, 2024 to July 18, 2027; (ii) to extend the initial monthly repayment date
from August 20, 2017 to July 20, 2020, however, during the extended period, the Company has to repay principal of US$72,015 (RMB
500,000) per quarter plus monthly interest; and (iii) add Mr. Alex Brown, the controlling shareholder and founder of VCI, as a
joint and several guarantor. The Loan agreement includes customary events of default, including DVPD’s failure to pay any
principal or interest when due, becoming insolvent, or ceasing operations, or if there is a material adverse change in the assets,
business, commitments, or prospects of DVPD. Upon the Bank’s declaration of an event of default under the Loan agreement,
they can demand payment in full of all outstanding principal and accrued interest. The RMB 390M Loan balance was US$55,519,644
(RMB 386,500,000) and US$56,267,993 (RMB 387,000,000) as of December 31, 2019 and, 2018, respectively.
The Loan is secured substantially by 18,650
square meters (200,747 square feet) of rental properties owned by DVPD and guaranteed jointly by Sino Pride, DVPD, DVBM, and Mr.
Alex Brown. If DVPD fails to fulfill the obligations of the relevant provisions of the RMB 390M Loan agreement, each guarantor
shall be liable and pay liquidated damages to the Bank. The damages are 20% of the principal amount of the loan.
According to the loan agreement with the Bank
dated August 17, 2017, the Company had paid to the Bank the quarterly principal plus monthly interest through the first quarter
of 2019. The Company, however, has not made such payment since April 2019, which can be considered as an event of default. As of
December 31, 2019, accrued principal and interest totaled approximately $2.7 million (the “RMB 390M Loan Balance Due”).
On March 24, 2015, DVPD entered into a loan
agreement (the “RMB 50M Loan”) for a US$7,182,360 (RMB50,000,000 translated at December 31, 2019 exchange rate) long-term
borrowing from the Bank. The RMB 50M Loan was used for renovations. The RMB 50M Loan charges a floating rate of interest at 120%
of the loan rate published by the People’s Bank of China. The current benchmark rate for a business loan over 5 years is
4.9% per annum adjusted on October 24, 2015. The average interest rates for the years ended December 31, 2019 and 2018 were 5.89%
and 5.88%, respectively. The maturity date of the RMB 50M Loan is July 19, 2024. The RMB 50M Loan Agreement includes customary
events of default, including DVPD’s failure to pay any principal or interest when due, becoming insolvent, or ceasing operations,
or if there is a material adverse change in the assets, business, commitments, or prospects of DVPD. Upon the Bank’s declaration
of an event of default under the loan agreement, the Bank Loan can demand payment in full of all outstanding principal and accrued
interest. The RMB 50M Loan balance was US$4,104,206 (RMB 28,571,429) and US$4,348,878 (RMB 29,910,714) at December 31, 2019 and
December 31, 2018, respectively.
The RMB 50M Loan is secured substantially by
2,053 square meters (22,098 square feet) of rental properties owned by DVPD and guaranteed jointly by Sino Pride, DVPD and DVBM.
If DVPD fails to fulfill the obligations of the relevant provisions of the Loan agreement, each guarantor shall be liable and pay
liquidated damages to the Bank. The damages are 20% of the principal amount of the loan. The Company is required to make the principal
and interest payments from April 20, 2015 through the Maturity Date.
As of December 31, 2019, the accrued principal
and interest totaled approximately $0.8 million (the “RMB 50M Loan Balance Due”).
On December 21, 2017, DVPD entered into a liquidity
loan agreement (the “RMB 23M Loan”) for a principal amount of $3,534,383 (RMB 23,000,000) from Harbin Bank (the “Bank”)
with interest at 6.5%, payable monthly. The RMB 23M Loan is used for short term liquidity needs. On December 28, 2017, DVPD borrowed
$1,844,026 (RMB 12,000,000). The term of the loan was one year and was due on December 20, 2018. On January 19, 2018, DVPD borrowed
an additional $1,690,357 (RMB 11,000,000). DVPD may choose to extend the term of the loan after obtaining prior written consent
from the Bank at least 15 days prior to the maturity date. Currently, The loan agreement includes customary events of default,
including DVPD’s failure to pay any principal or interest when due, becoming insolvent, or ceasing operations, or if there
is a material adverse change in the assets, business, commitments, or prospects of DVPD. Upon the bank’s declaration of an
event of default under the loan agreement, the Bank can demand repayment in full of principal and accrued interest. The Loan also
prohibits the payment of dividends. The RMB 23M loan is secured by the same collateral as the RMB 50M loan and is guaranteed jointly
by DVBM and Sino Pride.
As the date of this Annual Report, the Company
has not made the repayment and the loan is in default.
On September 27, 2018, DVPD borrowed US$2,891,727
(RMB19,900,000) in a short-term loan from Harbin Bank (the “RMB 19.9M Loan”). The loan requires interest at 6.50% per
annum and expired on September 12, 2019. The use of loan proceeds is restricted to pay principal and interest amounts owed to Harbin
Bank.
As of the date of this Annual Report, the Company
has not made the repayment and the loan is in default.
On March 26, 2019, DVPD borrowed US$1,433,491
(RMB10,240,000 translated at September 30, 2019 exchange rate) in a short-term loan from Harbin Bank (the “RMB 10.24M Loan”,
together with the RMB 23M Loan and RMB 19.9M Loan, the “Liquidity Loan Balance Due”). The loan requires interest at
6.50% per annum and expires on March 11, 2020. The use of loan proceeds is restricted to pay principal and interest amounts owed
to Harbin Bank.
As of the date of this Annual Report, the RMB
10.24M Loan has been expired while the Company has not made the corresponding repayment.
As of the date of this Annual Report, the Short-Terms
Loans including RMB 23,000,000, RMB19,900,000, and RMB10,240,000 respectively have become due while the Company has not made the
corresponding payment. The Company is not aware that the Bank has taken any legal action against the Company. In the event that
the Bank rejects our Refinancing Loans and/or commence any legal proceeding against us regarding the Short-term Loans, we may lose
our collateralized assets which will cause a material adverse effect on our results of operations. Furthermore, if the collateral
on those loans cannot satisfy our payment obligation, we may be forced to commence liquidation process if we do not have sufficient
liquidity or cannot raise sufficient fund at that time, if any at all.
The weighted average short-term loan balance
consisting of loans from financial institutions was $7,388,091 and $4,046,028 for the years ended December 31, 2019 and 2018, respectively.
The weighted average interest rate for short term loans was 6.50 per annum for the years ended December 31, 2019 and 2018.
For the years ended December 31, 2019 and 2018,
interest expense incurred for the above loans, including amortization of debt issuance costs amounted to $4,147,614 and $4,131,313,
respectively.
The Bank and
the Company are currently discussing potential grant to convert the principal and interests due, including the RMB 390M Loan Balance
Due, the RMB 50M Loan Balance Due, and the Liquidity Loan Balance Due into a new loan and an additional liquidity loans in an amount
of RMB 50 million (collectively, the “Refinancing Loans”). The collateral for the potential RMB 50 million loan will
be the remaining values of same collateral for the RMB 390M Loan and RMB 50M Loan but ranking junior to the RMB 390MB Loan and
RMB 50M Loan. In addition, the Company has been negotiating with the Bank for a waiver of the penalty for late payment of related
loan interest (the “Penalty Waiver”). The Company has already submitted the application for the Refinancing Loans at
the request of the Bank. It usually takes about 2 to 3 months for the Bank to review and approve the Refinancing Loans and the
Penalty Waiver which can be potentially longer as a result of the outbreak of the COVID-19. However, there
is no assurance or certainty that such Refinancing Loans or Penalty Waiver will be approved by the Bank.
Debt Maturities
As of December 31, 2019, scheduled maturities
of the Company’s outstanding bank loans were as follows:
Year Ended December 31, |
|
|
|
2020 |
|
$ |
8,690,244 |
|
2021 |
|
|
1,056,832 |
|
2022 |
|
|
1,056,832 |
|
2023 |
|
|
1,056,834 |
|
2024 |
|
|
1,056,834 |
|
Thereafter |
|
|
54,339,686 |
|
Total debt maturities |
|
|
67,257,262 |
|
Less: unamortized debt issuance costs |
|
|
(335,849 |
) |
Total debt obligations |
|
$ |
66,921,413 |
|
| |
( us-gaap:DebtDisclosureTextBlock ) |
| |
|
(End Disclosure - Bank Loans Payable) |
|
Disclosure - Property Financing Agreements Payable |
Disclosure - Property Financing Agreements Payable (USD $) |
12 Months Ended |
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Property Financing Agreements Payable |
NOTE 11 – PROPERTY FINANCING AGREEMENTS
PAYABLE
Property financing agreements payable consists
of the following as of December 31, 2019 and 2018.
|
|
2019 |
|
|
2018 |
|
Buy-back financing agreements - Group B properties |
|
$ |
42,680,410 |
|
|
$ |
46,438,364 |
|
SML financing agreements - Group C properties * |
|
|
34,802,880 |
|
|
|
33,529,953 |
|
Net unamortized SML financing cost |
|
|
(18,509 |
) |
|
|
(63,697 |
) |
Total property financing agreements, net |
|
$ |
77,464,781 |
|
|
$ |
79,904,620 |
|
* includes lease-back payables transferred
to SML
Buy-back Financing Agreements
As of December 31, 2019, 216,230 square feet
(20,127 square meters) of total properties (15%) (including Group B and Group C properties-the properties transferred to SML) were
sold to various unrelated individuals and entities with a buy-back option. The majority of these properties were sold in the period
from 1998 to 2012. The date of buy-back options ranged from 2014 to 2018.
The Company’s accounting policy is to
treat these types of sales as financing agreements. The costs of properties sold were kept under the caption of “rental properties”
in the consolidated financial statements and continue to depreciate the properties over their estimated life. (see Note 5, Rental
Properties, Net) The Company recorded sales proceeds as “property financing agreements payable” in the consolidated
financial statements and accrues interest during the period of the buy-back option. The interest rate is determined by the price
spread of each unit’s sale price and buy-back price, and the time span from the date of sale to the expiration date (last
date to execute the option). In the case where the buy-back price is equal to the sales price, a bank long term lending rated is
used. The amount of buy-back financing agreements represents the original proceeds from the sale of the property plus accrued interest.
At the date of expiration, the amount of the buy-back financing agreements will equal the buy-back price stated in the buy-back
contract.
Detailed information on property buy-back financing
agreements payable in Group B as of December 31, 2019 and 2018 as follows.
|
|
Units |
|
|
Square Feet |
|
|
Selling Price |
|
|
Buy-Back Price |
|
|
Property
Financing Agreements Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effective agreements |
|
|
5 |
|
|
|
1,948 |
|
|
$ |
533,965 |
|
|
$ |
713,740 |
|
|
$ |
686,960 |
|
Past due agreements |
|
|
490 |
|
|
|
128,446 |
|
|
|
37,267,543 |
|
|
|
41,996,688 |
|
|
|
41,993,450 |
|
Total financing agreements |
|
|
495 |
|
|
|
130,006 |
|
|
$ |
37,801,508 |
|
|
$ |
42,710,428 |
|
|
$ |
42,680,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effective agreements |
|
|
14 |
|
|
|
5,047 |
|
|
$ |
1,765,972 |
|
|
$ |
2,501,614 |
|
|
$ |
2,420,513 |
|
Past due agreements |
|
|
479 |
|
|
|
124,959 |
|
|
|
36,322,719 |
|
|
|
44,030,955 |
|
|
|
44,017,851 |
|
Total financing agreements |
|
|
493 |
|
|
|
130,006 |
|
|
$ |
38,088,691 |
|
|
$ |
46,532,569 |
|
|
$ |
46,438,364 |
|
The buy-back price is the price that Company
has to pay when the owner of property exercises their option to have the Company buy-back the property. This price is stated in
the buy-back agreement. Property financing agreements payable is the amount that the Company accrued as a liability as of the reporting
date. At the date of maturity, property financing agreements payable will equal the buy-back price. During the twelve months ended
December 31, 2019, the Company paid a total of $3,474,503 (RMB 24,197,759) to the owners of property, which was recorded as a reduction
of the Property Financing Agreement Payable in the accompanying consolidated financial statements.
Property financing agreements payable will
be derecognized when the buy-back amount is fully paid. In the case of settlement, the remaining unpaid balance will be reclassified
from buy-back payable to other payables. The amount recorded as buy-back payables reclassified to other payables was $4,152,344
and $4,186,382 as of December 31, 2019 and 2018, respectively.
Following table set forth the expiration of
buy-back options (Group B properties) and the buy-back amount.
Future Expiration |
|
Units |
|
|
Amount |
|
Past due as of 12/31/2019 |
|
|
490 |
|
|
$ |
41,996,688 |
|
12/31/2020 |
|
|
3 |
|
|
|
460,576 |
|
12/31/2021 |
|
|
- |
|
|
|
- |
|
12/31/2022 |
|
|
2 |
|
|
|
253,164 |
|
12/31/2023 |
|
|
- |
|
|
|
- |
|
Total |
|
|
495 |
|
|
$ |
42,710,428 |
|
SML Agreement
On December 29, 2017, the Company entered into
an agreement “Strategy Cooperation Agreement”, as amended on February 22, 2018 (the “SML Agreement”) with
Dalian Sheng Ma Lin Trading Ltd. (“SML”). Pursuant to the SML Agreement, SML will negotiate with each individual property
owner who exercised their option to request the Company to buy back the property on a case by case basis and pay an agreed price
to such owner. SML will subsequently become the owner of the property and the Company had agreed to buy back the property at the
initial price under the buy-back option with the previous owner no later than May 15, 2020. The Company also agreed to pay interest
of 8% per annum commencing on January 1, 2018. In addition, SML will settle the lease-back payables under the lease-back agreements
with each individual property owner and the Company agrees to pay SML the amount of rent payable under the lease-back plus annual
interest of 8% commencing on January 1, 2018 no later than May 15, 2020.
The SML Agreement helped the Company to temporarily
relieve part of pressure from disputes and expedite the settlements which will help Company to improve its credit and financial
position so that the Company can focus on the Renovation. However, as of December 31, 2019, the Company has temporarily suspected
it renovation projects due to its inability to raise the needed fund. SML has no relationship or affiliation with the Company other
than the SML agreement. As of December 31, 2019, the properties with buy-back options totaled 319 units, 86,244 square feet (8,013
meters). Acknowledging the impact of the outbreak of COVID-19, on January 15, 2020, the Company entered into a supplemental agreement
with SML to extend the original repayment date from May 15, 2020 to May 15, 2023.
Amounts under the SML Agreement as of December
31, 2019 and 2018 consist of following:
|
|
2019 |
|
|
2018 |
|
Buy-back related cases: including remaining balances |
|
$ |
25,869,672 |
|
|
$ |
26,995,786 |
|
Lease-back related cases: including historical remaining balances |
|
|
4,020,158 |
|
|
|
4,069,082 |
|
Accrued interest payable to SML |
|
|
4,913,051 |
|
|
|
2,465,085 |
|
Total SML financing agreements |
|
$ |
34,802,881 |
|
|
$ |
33,529,953 |
|
NOTE 12 – Account
Payable and accrued liabilities
Accounts payable and accrued liabilities consist
of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Accounts payable |
|
$ |
3,461,758 |
|
|
$ |
2,839,967 |
|
Wages and employee benefits payable |
|
|
679,189 |
|
|
|
370,151 |
|
Taxes payable* |
|
|
806,380 |
|
|
|
584,693 |
|
Vat payable |
|
|
745,935 |
|
|
|
455,962 |
|
Bank loan interest payable |
|
|
3,245,679 |
|
|
|
496,831 |
|
Total accounts payable and accrued liabilities |
|
$ |
8,938,941 |
|
|
$ |
4,747,604 |
|
* Taxes payable consist of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Individual income taxes |
|
|
27,150 |
|
|
|
30,674 |
|
Business taxes |
|
|
169,336 |
|
|
|
136,725 |
|
Property and land use taxes |
|
|
269,646 |
|
|
|
253,226 |
|
Tax penalties |
|
|
247,732 |
|
|
|
90,473 |
|
Other surcharges and fees |
|
|
92,516 |
|
|
|
73,595 |
|
Total |
|
$ |
806,380 |
|
|
$ |
584,693 |
|
As of December 31, 2019, and 2018, the Company’s
taxes payable includes property tax, land use right taxes, income tax, taxes related to rental and other taxes in the aggregate
amount of $0.8 million and $0.6 million, respectively. In accordance with Chinese tax authorities and tax laws, the Company accrued
tax penalties payable of $247,732 and $90,473 as of December 31, 2019 and 2018, respectively. | |
( custom:PropertyFinancingAgreementPayableTextBlock [Extension] ) |
| |
|
(End Disclosure - Property Financing Agreements Payable) |
|
Disclosure - Account Payable and Accrued Liabilities |
Disclosure - Account Payable and Accrued Liabilities (USD $) |
12 Months Ended |
( PayablesAndAccrualsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Account Payable and Accrued Liabilities |
NOTE 12 – Account
Payable and accrued liabilities
Accounts payable and accrued liabilities consist
of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Accounts payable |
|
$ |
3,461,758 |
|
|
$ |
2,839,967 |
|
Wages and employee benefits payable |
|
|
679,189 |
|
|
|
370,151 |
|
Taxes payable* |
|
|
806,380 |
|
|
|
584,693 |
|
Vat payable |
|
|
745,935 |
|
|
|
455,962 |
|
Bank loan interest payable |
|
|
3,245,679 |
|
|
|
496,831 |
|
Total accounts payable and accrued liabilities |
|
$ |
8,938,941 |
|
|
$ |
4,747,604 |
|
* Taxes payable consist of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Individual income taxes |
|
|
27,150 |
|
|
|
30,674 |
|
Business taxes |
|
|
169,336 |
|
|
|
136,725 |
|
Property and land use taxes |
|
|
269,646 |
|
|
|
253,226 |
|
Tax penalties |
|
|
247,732 |
|
|
|
90,473 |
|
Other surcharges and fees |
|
|
92,516 |
|
|
|
73,595 |
|
Total |
|
$ |
806,380 |
|
|
$ |
584,693 |
|
As of December 31, 2019, and 2018, the Company’s
taxes payable includes property tax, land use right taxes, income tax, taxes related to rental and other taxes in the aggregate
amount of $0.8 million and $0.6 million, respectively. In accordance with Chinese tax authorities and tax laws, the Company accrued
tax penalties payable of $247,732 and $90,473 as of December 31, 2019 and 2018, respectively. | |
( us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock ) |
| |
|
(End Disclosure - Account Payable and Accrued Liabilities) |
|
Disclosure - Lease Liabilities Payable |
Disclosure - Lease Liabilities Payable (USD $) |
12 Months Ended |
( us-gaap:LeasesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Lease Liabilities Payable |
NOTE 13 – LEASE LIABILITIES PAYABLE
Lease liabilities payable consisted of following
as of December 31, 2019.
Lease Type |
|
Property Group |
|
Lease Units |
|
|
Lease Payable |
|
Financing lease |
|
B |
|
|
1 |
|
|
$ |
1,637 |
|
Financing leases |
|
D |
|
|
2 |
|
|
|
21,118 |
|
Operating leases |
|
Office rent |
|
|
2 |
|
|
|
498,509 |
|
Total |
|
|
|
|
5 |
|
|
$ |
521,264 |
|
Leases liabilities payable consisted of following
as of December 31, 2018.
Lease Type |
|
Property Group |
|
Lease Units |
|
|
Lease Payable |
|
Financing lease |
|
B |
|
|
4 |
|
|
$ |
176,902 |
|
Financing lease |
|
D |
|
|
4 |
|
|
|
38,878 |
|
Operating lease |
|
D |
|
|
1 |
|
|
|
396,345 |
|
Total |
|
|
|
|
9 |
|
|
$ |
612,125 |
|
For the year ended December 31, 2019, 5 lease-backs
expired. For the year ended December 31, 2018, 15 lease-back leases expired. The Company did not renew those leases. The unpaid
lease liability was recorded as “Other payables” in the accompanying consolidated financial statements. Accumulated
unpaid lease-back liabilities were $5,529,680 and $5,456,833 as of December 31, 2019 and 2018, respectively.
For the financing leases, the Company did not
process any cash payments for the periods ended December 31, 2019 and 2018 respectively. During the same periods, their respective
weighted average remaining lease term was about one year whereas the supplemental noncash on lease liabilities resulting from right-to-use
assets were approximately $779,000 and $3,870,804. For the operating leases, the Company processed cash payments of approximately
$70,000 and $227,000 for the periods ended December 31, 2019 and 2018 respectively. During the same periods, their respective weighted
average remaining lease terms were about one year whereas the supplemental noncash on lease liabilities resulting from right-to-use
assets were approximately $566,000 and $598,000.
A typical lease contract will include the:
(i) the lease period – usually around 10 years, (ii) agreed lease payment amount, (iii) payment terms among others, The Company
takes the risk after the lease is signed. The Company is liable for the agreed lease-back payment amount even if the property is
vacant. Lease-back rental properties may be combined with Company owned properties together for rent depending on the needs of
the tenant. The Company did not trace income separately from those lease-back properties. Rental income is reported gross including
rental income from our owned properties and lease-back properties. Lease-back expenses were recorded as amortization, interest
and lease-back expenses separately.
Financing lease expenses consisted of (i) amortization
of the ROU asset; (ii) interest expense of the lease liability and (iii) other one-time payments including late payment reimbursement.
The Company incurred $38,040 and $110,602 of amortization of ROU assets during years ended December 31, 2019 and 2018, respectively.
The Company incurred $1,290 and $6,846 of interest expense in connection with financing leases for the years ended December 31,
2019 and 2018, respectively. The Company incurred additional expenses of $2,712 and $2,364,004 in connection with the lease-back
operations for the years ended December 31, 2019 and 2018, respectively. The 2018 expenses are mainly guaranteed rental payments,
late payment reimbursements and taxes paid on behalf of the property owners.
Operating lease expense including interest
and amortization are reported as “operating lease expense” in the accompanying consolidated financial statements. Operating
lease expense was $599,054 and $504,401 for the years ended December 31, 2019 and 2018, respectively, including the rental expenses
from the short-term leases of $307,505 and $268,778 for the years ended December 31, 2019 and 2018, respectively.
Future minimum lease-back payables at December
31, 2019 were as follows:
Years Ended December 31, |
|
Lease Units* |
|
|
Square Feet |
|
|
Minimum Lease Payable |
|
2020 |
|
|
3 |
|
|
|
431 |
|
|
$ |
4,474 |
|
2021 |
|
|
2 |
|
|
|
108 |
|
|
|
433 |
|
2022 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total future minimum lease payable |
|
|
|
|
|
|
|
|
|
$ |
4,907 |
|
* Lease units represent total leases at the end of period |
Sino Pride leases office space under an operating
lease agreement which expires on August 31, 2021 and New York’s office lease expires on August 31, 2022. The future minimum
rental payments are as follows:
Years ending December 31, |
|
|
|
2020 |
|
$ |
209,865 |
|
2021 |
|
|
202,859 |
|
2022 |
|
|
119,372 |
|
|
|
$ |
532,096 |
|
| |
( custom:LesseeFinanceLeasesAndOperatingLeasesTextBlock [Extension] ) |
| |
|
(End Disclosure - Lease Liabilities Payable) |
|
Disclosure - Other Payables |
Disclosure - Other Payables (USD $) |
12 Months Ended |
( OtherLiabilitiesDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Other Payables |
NOTE 14 – OTHER PAYABLES
Other payables consist of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Tenants deposits payable |
|
|
2,624,528 |
|
|
|
2,652,706 |
|
Tenants escrow account |
|
|
1,694,568 |
|
|
|
1,607,935 |
|
Guaranteed rent payable |
|
|
282,950 |
|
|
|
286,394 |
|
Expired lease-back payable |
|
|
5,529,680 |
|
|
|
5,456,883 |
|
Buy-back payable |
|
|
4,152,344 |
|
|
|
4,186,382 |
|
Accrued liabilities for additional payables from lawsuits |
|
|
4,742,632 |
|
|
|
4,800,348 |
|
|
|
|
|
|
|
|
|
|
Union, housing, heating and others |
|
|
879,996 |
|
|
|
604,227 |
|
Total Other Payables |
|
$ |
19,906,698 |
|
|
$ |
19,594,875 |
|
| |
( us-gaap:OtherLiabilitiesDisclosureTextBlock ) |
| |
|
(End Disclosure - Other Payables) |
|
Disclosure - Related Party Transactions |
Disclosure - Related Party Transactions (USD $) |
12 Months Ended |
( RelatedPartyTransactionsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Related Party Transactions |
NOTE 15 – RELATED PARTY TRANSACTIONS
The Company has been financing its operations
by borrowing funds from Sino Pride and DVDC, the holder of the 20% equity interest of DVPD.
Loan payable to related party consists of
following as of December 31, 2019 and 2018:
|
|
2019 |
|
|
2018 |
|
Loan payable to DVDC |
|
$ |
10,594,843 |
|
|
$ |
10,723,778 |
|
Due to related individual |
|
|
1,339,948 |
|
|
|
792,502 |
|
Loan payable to related parties |
|
$ |
11,934,791 |
|
|
$ |
11,516,280 |
|
Loan Payable to DVDC
DVDC contributed land use rights and infrastructures
valued at $20,000,000 to DVPD. Among this $20,000,000 contribution, $6,800,000 was recorded as registered capital, $13,200,000
was recorded as a loan payable to DVDC per the December 25, 2000 agreement. The loan is payable when DVPD is profitable. Loan principal
$3,300,000 (25% of $13,200,000) bears interest at 8% per annum. The interest rate for the remaining balance of principal is equal
to the loan rate published by Bank of China.
Loan payable to DVDC was initiated in US dollars
and related interest calculations are based on the principal in US dollars per the loan agreement. However, the loan agreement
did not specify which currency will be used when the loan is repaid. Considering that DVDC is a Chinese entity and located in China,
loan and interest payments must be denominated in RMB, therefore, RMB is the currency utilized to record the principal and interest
payable. Any gain or loss resulting the translation of the financial statements will be recorded in “accumulated comprehensive
income (loss)” section. RMB109,356,000 loan payable to DVDC was translated from $13,200,000 US dollars at the historical
rate.
Loan payable to DVDC consists of following
at December 31, 2019 and 2018.
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Loan principal |
|
$ |
13,200,000 |
|
|
$ |
13,200,000 |
|
Advance payments for infrastructure construction |
|
|
(5,685,747 |
) |
|
|
(5,685,747 |
) |
Other payable to DVDC |
|
|
215,136 |
|
|
|
215,136 |
|
Net loan payable to DVDC in RMB |
|
|
7,729,389 |
|
|
|
7,729,389 |
|
Foreign exchange effect |
|
|
2,865,454 |
|
|
|
2,994,389 |
|
Net loan payable to DVDC in US$ |
|
$ |
10,594,843 |
|
|
$ |
10,723,778 |
|
Accrued interest expense – related parties
was $537,210 and $519,970 for the years ended December 31, 2019 and 2018, respectively. Total accrued interest payable to related
parties was $11,520,609 and $11,121,817 at December 31, 2019 and 2018, respectively.
Due to Related Individual
The spouse of our major shareholder provided
working capital for our US office expenses. As of December 31, 2019, and December 31, 2018, the amount due to this individual was
$1,339,948 and $792,502, respectively. The amount due earns no interest and is due on demand.
Loan Payable to Sino Pride
Sino Pride has been a major source of funds
for the operations of DVPD and DVBM. In the period from 1996 to 2008, DVPD received loans of $38,683,297 from Sino Pride and repaid
$20,710,919 in the period from 1998 to 2014. In 2015, total repayments were $4,068,630. Loan payable to Sino Pride bears interest
at 8% per annum. Pursuant to FASB ASC 830-20-35-1, the intra-entity (intercompany transactions) foreign currency transactions whose
terms are denominated in the currency other than the entity’s functional currency and settlement is anticipated in the foreseeable
future (hence not long-term investment nature), requires the increases or decreases in expected functional currency cash flows
to be included in determining income (loss) in the periods as gain (loss) from foreign currency transactions.
The loan payable to Sino Pride is denominated
in US dollars. The loan is designated as funding for working capital and is not an investment. The repayment is required when the
Company is profitable or has funds available to make repayments. The transactions of loan proceeds and repayments are dominated
in US dollars. The Company uses the bank spot exchange rate to record proceeds and repayments in RMB in the Company’s books.
By the end of the year, the US$ loan balance and interest payable will be translated to RMB and recorded on DVPD and DVBM’s
books.
Loans, repayments and accrued interest payable
to Sino Pride as of December 31, 2019 and December 31, 2018 are as followed:
Loan Payable to Sino Pride |
|
|
|
Loan balance at December 31, 2017 |
|
$ |
13,503,748 |
|
Repayment in 2018 |
|
|
(200,000 |
) |
Loan balance at December 31, 2018 |
|
|
13,303,748 |
|
Repayment in 2019 |
|
|
- |
|
Loan balance at December 31, 2019 |
|
$ |
13,303,748 |
|
|
|
|
|
|
Interest Payable to Sino Pride |
|
|
|
|
Interest payable at 12/31/2017 |
|
$ |
7,451,973 |
|
Accrued interest in 2018 |
|
|
1,079,968 |
|
Repayments in 2018 |
|
|
- |
|
Interest payable - December 31, 2018 |
|
|
8,531,941 |
|
Accrued interest in 2019 |
|
|
1,079,083 |
|
Repayments in 2019 |
|
|
- |
|
Interest payable - December 31, 2019 |
|
$ |
9,611,024 |
|
The above inter-company loan payable of $13,303,748
and $13,303,748, and accrued interest payable of $9,611,024 and $8,531,941 at December 31, 2019 and December 31, 2018, respectively,
have been eliminated in the accompanying consolidated financial statements. The interest expenses of $1,079,083 and $1,079,926
for the years ended December 31, 2019 and 2018, respectively, have been eliminated in the accompanying consolidated financial statements.
Loan Payable to Shareholder/Due to Shareholder
Due to shareholder represents the investment
amount that Sino Pride received from its former shareholders, which was assigned to the Company’s current major shareholder,
Mr. Alex Brown. Loan payable to shareholder was $65,931,644 and $64,151,148, respectively at December 31, 2019 and 2018. During
the year ended December 31, 2019 and 2018, Mr. Alex Brown advanced $1,774,621 and $1,362,472 to the Company, respectively. The
balance due to shareholder bears no interest. If the interest was calculated at 5% (December 2019 US (Fed) Prime rate) for the
loan payable to shareholder, the balance for interest expense would have been approximately $3.3M and $3.2M for the ended December
31, 2019 and 2018, respectively.
Transfer of Ownership of Sino Pride
Iven International Group Limited, is a company
registered in Hong Kong (“Iven”). From October 31, 2016 to June 30, 2017, Alex Brown beneficially owned a 100% equity
interest of Iven, among which, a 70% equity interest was held directly and a 30% equity interest was held indirectly through Dalian
Yiwen New Materials Technology Development Co., Ltd, a PRC entity 80% owned by Alex Brown and 20% owned by his spouse. On June
30, 2017, Alex Brown and Dalian Yiwen New Material Technology Development Co., Ltd transferred their respective ownership of Iven
to Winner Ascent Investment Limited, a Hong Kong limited liability company solely owned by Alex Brown.
On November 2016, Iven signed an agreement
of “Assignment of Common Stock and Debt Rights” (“the Original Agreement”) from VP Holding. Pursuant to
the Original Agreement, Iven acquired all 30,000,000 shares of common stock of Sino Pride then outstanding and assumed debt rights
(Sino Pride owed to VP Holding) for nominal consideration of HK$ 1 (approximately US$0.13) from VP Holding.
On September 4, 2017, VCI signed “Assignment
of All Outstanding Shares and All Debt Rights Agreement” (“the Agreement”) with Iven. Pursuant to the Agreement,
VCI acquired all 30,000,000 shares of common stock of Sino Pride then outstanding and assumed shareholder debt and loan rights
of HK$493,807,633 (approximately $64,208,000) (Sino Pride owed to VP Holding) including outstanding shareholder loans of HK$ 408,409,628
(approximately $53,093,000) for nominal consideration of HK$ 1 (approximately US$0.13) from Iven. The Transfer was part of the
restructuring to prepare the Company to list in the U.S. capital markets. | |
( us-gaap:RelatedPartyTransactionsDisclosureTextBlock ) |
| |
|
(End Disclosure - Related Party Transactions) |
|
Disclosure - Income Taxes |
Disclosure - Income Taxes (USD $) |
12 Months Ended |
( IncomeTaxDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Income Taxes |
NOTE 16 - INCOME TAXES
The Company accounts for income taxes pursuant
to FASB ASC 740 “Accounting for Income Taxes” which requires the recognition of deferred tax assets and liabilities
for the differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax
benefit to be derived from tax losses and tax credit carry forwards. Additionally, the accounting standards require the establishment
of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Realization of deferred tax assets, including
those related to the U.S. net operating loss carry forwards for income tax purposes as compared to financial statement purposes,
are dependent upon future taxable income and timing of reversals of future taxable differences along with any other positive and
negative evidence during the periods in which those temporary differences become deductible or are utilized.
DVPD and DVBM are located in China and governed
by the Income Tax Law of the PRC. Under the Income Tax Laws of the PRC, Chinese companies are generally subject to an income tax
at an effective rate of 25% on income reported in the statutory financial statements after appropriate tax adjustments. DVPD and
DVBM are subject to these statutory rates. Operating losses can be carried forward for five years.
Sino Pride is located in Hong Kong and governed
by the Tax Laws of Hong Kong. Assessable profits of corporations are taxed at the corporate tax rate of 16.5%. Tax losses can be
carried forward to offset profits in future years until fully absorbed but cannot be carried back.
VCM was incorporated in the U.S. on July 5,
2017 and is governed by the U.S. Federal tax laws and the State of Nevada (Incorporation State).
On December 22, 2017, the Tax Cuts and Jobs
Act (the “TCJA”), which significantly modified U.S. corporate income tax law, was signed into law by President Trump.
The TCJA contains significant changes to corporate income taxation, including but not limited to the reduction of the corporate
income tax rate from a top marginal rate of 35% to a flat rate of 21%, limitation of the tax deduction for interest expense to
30% of earnings (except for certain small businesses), limitation of the deduction for net operating losses to 80% of the current
year’s taxable income and generally eliminating net operating loss carrybacks, allowing net operating losses to be carryforward
without expiration, one-time taxation of offshore earnings at reduced rates regardless of whether they are repatriated, elimination
of U.S. tax on foreign earnings (subject to certain important exceptions), immediate deductions for certain new investments instead
of deductions for depreciation expense over time, and modifying or repealing many business deductions and credits. Notwithstanding
the reduction in the corporate income tax rate, the overall impact of the new federal tax law is uncertain, including to what extent
various states will conform to the newly enacted federal tax law.
As of December 31, 2019, and 2018, DVPD, DVBM
and Sino Pride had a combined net foreign operating loss carry forwards of approximately $54,629,148 and $58,213,409, respectively
that may be available to reduce future years’ taxable income. These foreign losses may not offset US income taxes in the
future. Management believes that it appears more likely than not that the Company will not realize these tax benefits.
As of December 31, 2019, and 2018, VCM had
approximately $2,667,043 and $1,155,570 net operating loss carryforwards, respectively. In the U.S net operating losses incurred
prior to December 31, 2017, can be carried forward 20 years. Under the TCJA, net operating losses incurred after December 31,2017,
can be carried forward indefinitely. The Company has no operating income in the US. Management believes that it appears more likely
than not that the Company will not realize these tax benefits. VCM’s tax return for the years ended December 31, 2018 and
2017 are open to IRS inspection.
Future tax benefits which may arise as a result
of net operating losses have not been recognized in the accompanying consolidated financial statements as their realization has
not been determined likely to occur. Also, due to the change in control, there are annual limitations on future net operating loss
carryforward deductions. As future earnings are uncertain, the Company has provided a valuation allowance for the entire amount
of the deferred tax asset. The Company is required to evaluate the tax positions taken in the course of preparing its tax returns
to determine whether tax positions are “more likely than not” of being sustained by the applicable tax authority “More
likely than not” is defined as greater than a 50% chance.
At December 31, 2019 and December 31, 2018,
deferred tax assets consisted of:
|
|
December 31, |
|
|
December 31, |
|
|
|
2019 |
|
|
2018 |
|
|
|
(Unaudited) |
|
|
|
|
Net operating loss carry forwards |
|
|
|
|
|
|
|
|
Foreign operations |
|
$ |
13,366,178 |
|
|
$ |
18,153,562 |
|
US Operations |
|
|
560,079 |
|
|
|
242,670 |
|
Valuation allowance |
|
|
(13,926,257 |
) |
|
|
(18,396,232 |
) |
Deferred tax assets - net |
|
$ |
- |
|
|
$ |
- |
|
The valuation allowance decreased by $689,438
for the twelve months ended December 31, 2019.
The provisions for income taxes for the twelve
months ended December 31, 2019 and 2018 are summarized as follows:
|
|
December 31, |
|
|
December 31, |
|
|
|
2019 |
|
|
2018 |
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
Current |
|
$ |
- |
|
|
$ |
- |
|
Deferred |
|
|
2,500,205 |
|
|
|
753,069 |
|
Change in valuation allowance |
|
|
(2,500,205 |
) |
|
|
(753,069 |
) |
Total |
|
$ |
- |
|
|
$ |
- |
|
The reconciliation of the Company’s effective
tax rate as a percentage of income before taxes and Federal statutory rates for the two years ended December 31, 2019 and 2018,
respectively, is as follows:
|
|
2019 |
|
|
2018 |
|
China |
|
|
|
|
|
|
|
|
US statutory tax rate |
|
|
21.00 |
% |
|
|
21.00 |
% |
Tax rate difference |
|
|
4.00 |
% |
|
|
4.00 |
% |
Changes in valuation allowance |
|
|
-25.00 |
% |
|
|
-25.00 |
% |
Effective rate |
|
|
0.00 |
% |
|
|
0.00 |
% |
| |
( us-gaap:IncomeTaxDisclosureTextBlock ) |
| |
|
(End Disclosure - Income Taxes) |
|
Disclosure - Stockholders' Equity |
Disclosure - Stockholders' Equity (USD $) |
12 Months Ended |
( us-gaap:StockholdersEquityNoteAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Stockholders' Equity |
NOTE 17– STOCKHOLDERS’ EQUITY
The Company is authorized to issue up to 600,000,000
shares of common stock, par value $0.0001 per share. On November 13, 2017, the Company issued 20,700,000 shares of its common stock
to Alex Brown, Chairman and Chief Executive Officer of the Company and received consideration of $2,070 in cash.
Initial Public Offering
Pursuant to the Registration Statement on
Form S-1 The Company closed its initial public offering on March 28, 2019. The offering price was $1 US dollar per share. The
Company sold 1,011,000 shares and received all proceeds from the investors of $1,011,000. | |
( us-gaap:StockholdersEquityNoteDisclosureTextBlock ) |
| |
|
(End Disclosure - Stockholders' Equity) |
|
Disclosure - Statutory Reserve |
Disclosure - Statutory Reserve (USD $) |
12 Months Ended |
( custom:StatutoryReserveAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Statutory Reserve |
NOTE 18 - STATUTORY RESERVE
Pursuant to the PRC law, entities must make
appropriations from after-tax profits to a non-distributable “statutory surplus reserve fund”. Subject to certain
cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit
until such appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in
the PRC (“PRC GAAP”) at each yearend). DVPD and DVBM have not made any appropriations to the statutory reserve as
of December 31, 2019 and December 31, 2018, as DVPD and DVBM have not yet generated any after-tax profits. | |
( custom:StatutoryReserveTextBlock [Extension] ) |
| |
|
(End Disclosure - Statutory Reserve) |
|
Disclosure - Non-Controlling Interest |
Disclosure - Non-Controlling Interest (USD $) |
12 Months Ended |
( NoncontrollingInterestAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Non-Controlling Interest |
NOTE 19 – NON-CONTROLLING INTEREST
Non-controlling interest represents DVDC’s
20% equity ownership interest in DVPD and DVPD’s operating results including its 5% equity ownership interest in DVBM. Non-controlling
interest consisted of the following as of December 31, 2019 and December 31, 2018:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Non-controlling interest at beginning of the period |
|
$ |
(42,242,097 |
) |
|
$ |
(43,268,669 |
) |
Net loss |
|
|
(1,495,207 |
) |
|
|
(971,370 |
) |
Change in foreign currency translation adjustment |
|
|
436,517 |
|
|
|
1,997,942 |
) |
Non-controlling interest at end of the period |
|
$ |
(43,300,787 |
) |
|
$ |
(42,242,097 |
) |
| |
( us-gaap:MinorityInterestDisclosureTextBlock ) |
| |
|
(End Disclosure - Non-Controlling Interest) |
|
Disclosure - Commitments and Contingencies |
Disclosure - Commitments and Contingencies (USD $) |
12 Months Ended |
( CommitmentsAndContingenciesDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Commitments and Contingencies |
NOTE 20 - COMMITMENTS AND CONTINGENCIES
Country Risk
Our PRC subsidiaries are subject to laws and
regulations applicable to various laws and regulations generally applicable to companies in China. As the Company’s principal
operations are conducted currently in the PRC, it is subject to contingencies and risks not typically associated with companies
in North America and Western Europe. These risks include, among others, risks associated with the political, economic and legal
environments and foreign currency exchange limitations encountered in the PRC. The Company’s results of operations may be
adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect
to laws and regulations, among other things.
In addition, all the Company’s transactions
in the PRC are denominated in RMB, which must be converted into other currencies before remittance from the PRC. Both conversion
of RMB into foreign currencies and remittance of foreign currencies abroad require approval of the PRC government.
Legal Proceedings
As of December 31, 2019, the Company had property
financing agreements payable of $77,464,781, lease liabilities payable of $521,264, expired lease-back payables of $5,529,680,
and buy-back payables of $4,152,344. As of December 31, 2019, there were 565 lawsuits case against the Company in Dalian City,
China. Litigants claimed that the Company did not buy back the property pursuant to the sales contract or the Company did not pay
the promised lease-back rent on time. These claims amounted to $24,820,625 (RMB172,788,781) translated at the December 31, 2019
exchange rate). These payables were included in and reported under the caption of “Property financing agreements payable”,
“Lease liabilities payable” and “Other payables”. In connection with the progress of these cases, the Company
accrued $4,742,632 for possible extra litigation charges. The Company will record attorney fees when invoiced. The attorney fees
in connection with litigation was $21,859 and $97,071 for the years ended December 31, 2019 and 2018, respectively.
The nature of these lawsuits is to demand the
Company buy-back property per agreements or to pay unpaid rent per lease-back agreements. The Company has been accruing the interest
and included in property financing agreements payable and lease liabilities payable based on the lease agreements. The Company
records the expired lease-back payables and unpaid buy-back payables in other payables and accrues additional estimated liabilities.
The management believes that current recorded liabilities were reasonable estimates of the total final buy-back payments and total
final lease-back payables. Should the ultimate settlement of these liabilities to exceed the amount already recognized, the Company
will accrue additional estimated liabilities when known.
The Company has intended to settle the balance
due relating to lease-back payables with the owners of the lease-back properties. The Company has formed a task group and has been
negotiating with the plaintiffs and other owners of the lease-back properties.
Collateral of Company’s Asset to Three
Individuals
On May 18, 2017, 140 square meters (1,507 square
feet), owned by the Company was used as collateral to help on unrelated individual borrow $770,000 (RMB5,000,000) under a one-year
bank loan. There was no profit or gain for the Company to provide this collateral. The one-year period is now past due. The Company
is exposed to the loss of this property if the individual is insolvent and fails to settle the bank loan.
On May 18, 2017, the Company allowed one of
its board members of DVPD to use 7 units of rental properties, totaling 138 square meters (1,485 square feet), owned by the Company
as collateral to borrow $770,000 (RMB5,000,000) under one-year bank loan. There was no profit or gain for the Company to provide
this collateral. The one-year loan is now past due. The Company is exposed to the loss of this property if the individual is insolvent
and fails to repay the bank loan.
On May 18, 2017, the Company allowed one of
its board members of DVPD to use 2 units of rental properties, totaling 15 square meters (161 square feet), owned by the Company
as collateral to borrow $770,000 (RMB 5,000,000) under a one-year bank loan. There was no profit or gain for the Company to provide
this collateral. The one-year period is past due. The Company exposed to the loss of these properties if the individual is insolvent
and fails to settle the bank loan.
These individuals have not yet returned the
loans back to Harbin Bank, which exposes the Company to a loss if the individuals are insolvent and fail to repay the bank loans.
On December 30, 2019, the Company entered into three separate Repayment Agreements with these individuals. The agreements stipulate
that these three individuals have to either pay back the loan of RMB 5M to the bank or provide their own collaterals so as to
release the Company’s property by December 31, 2020. In addition, the agreements require these three individuals pay RMB
50,000 to the Company by May 31, 2020 along with other penalty clauses if these three individuals fail to abide by the agreements.
The Company has a risk of losing these properties if these individuals are not able to repay these bank loans. | |
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(End Disclosure - Commitments and Contingencies) |
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Disclosure - Concentration of Credit Risk |
Disclosure - Concentration of Credit Risk (USD $) |
12 Months Ended |
( RisksAndUncertaintiesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Concentration of Credit Risk |
NOTE 21 – CONCENTRATION OF CREDIT RISK
The Company maintains cash balances in various
banks in China and the Special Region of Hong Kong. Per regulation of PRC, the maximum insured bank deposit amount is approximately
$72,700 (RMB 500,000) for each financial institution. As of December 31, 2019, the Company’s uninsured cash balance was approximately
$50,184.
The Company receives rental and management
fee income from approximately 700 tenants. Revenue from the top ten tenants accounted for 18.23% and 19.29% of total revenue,
for the years ended December 31, 2019 and 2018, respectively, no individual tenant’s revenue accounts for more than 10%
of the total revenue in the above periods. Accounts receivable from the top ten tenants accounts for 12.6% and 13% for the years
ended December 31, 2019 and 2018. | |
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(End Disclosure - Concentration of Credit Risk) |
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Disclosure - Subsequent Events |
Disclosure - Subsequent Events (USD $) |
12 Months Ended |
( SubsequentEventsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Subsequent Events |
NOTE 22 - SUBSEQUENT EVENTS
Lawsuits
Subsequent to December 31, 2019, 9 new lawsuits
with new claims amounting to $365,111 were filed against the Company. As of the date of this Annual Report, there were a total
of 574 lawsuits against the Company in Dalian City, China. Litigants claimed that the Company did not buy back the properties pursuant
to the sales contracts or the Company did not pay the promised lease-back rental payments on time. These claims amounted to $24,455,514
(RMB173,482,529). Management believes that the amount claimed by these litigants approximates the amount that the Company has already
recorded in and under the caption of “Property financing agreements payable”,” Lease liabilities payable”
and “Other payables” in the accompanying consolidated financial statements.
Claims of Lawsuits as of the date of this Annual Report |
|
Store
Unit |
|
|
Square Feet |
|
|
Claimed
Amount in US$ |
|
Property buy- back related issues |
|
|
242 |
|
|
|
51,870 |
|
|
$ |
19,620,632 |
|
Leases and leases back related issues |
|
|
244 |
|
|
|
47,721 |
|
|
|
2,847,281 |
|
Other issues |
|
|
88 |
|
|
|
5,348 |
|
|
|
1,987,601 |
|
Total in RMB |
|
|
574 |
|
|
|
104,939 |
|
|
$ |
24,455,514 |
|
As of the date of this Annual Report, the Company
settled the following cases.
Resolved cases as of the date of this Annual Report |
|
Total Resolved Cases |
|
|
Cases
Resolved in 2019 |
|
|
Resolved after December 31, 2019 |
|
Property buy-back related issues |
|
|
238 |
|
|
|
184 |
|
|
|
- |
|
Leases payment related issues |
|
|
241 |
|
|
|
139 |
|
|
|
- |
|
Other issues |
|
|
77 |
|
|
|
64 |
|
|
|
1 |
|
Total resolved cases |
|
|
556 |
|
|
|
387 |
|
|
|
1 |
|
To deal with the litigation issues, the Company
has formed a task group and have been actively engaged with the plaintiffs and other owners of the lease-back property. At the
same time, SML has helped to resolve the litigation cases. The progress has been slow. As of the date of this Annual Report, the
Company’s task group and SML have collectively resolved a total of 558 cases out of which 386 cases were resolved during
the twelve months ended December 31, 2019.
Surrender Possession of Company’s New York Office
Due to the impact of the coronavirus pandemics,
the Company has moved out of its New York office located in 424 Madison Avenue, New York, NY (the “Premise”) on February
28 2020. The lease between the landlord (the “Landlord”) and the Company, dated June 12, 2019 (the “Lease”),
will expire on August 31, 2022. On February 28, 2020, the Company entered into a surrender agreement with the Landlord to surrender
possession of the premises prior to the natural expiration of the Lease term (the “Surrender Agreement”), pursuant
to which, the Company shall remain liable for all obligations under the Lease until the Landlord re-rents the Premises, which the
Landlord will attempt to do, in good faith. The Company also represents that the Landlord may draw down on the security deposit,
which totals $85,215, to cover the rent, damages, and any other expenses. Judging by the current market condition in New York City
and the ongoing stay-at-home order issued by the local government, the Company believes that the Landlord may not be able to re-rent
the Premises and in such event, the Company will be liable for the remaining rent from March 1, 2020 to August 31, 2022, in an
estimated amount of $354,000.
Outstanding Bank Loans
As of December
31, 2019, the Company has 5 outstanding loans due from Harbin Bank (the “Bank”) in an aggregate amount of approximately
$66.9 million. Pursuant to the loan agreements for the RMB 390M Loan and RMB 50M Loan, the Company shall pay the Bank the monthly
interest in addition to the quarterly principal. The Company, however, has failed to make such payments since April 2019. As of
December 31, 2019, the accrued principal and interest
totaled approximately $2.7 million for the RMB 390M Loan (the “RMB 390M Loan Balance Due”) and approximately $0.8 million
for the RMB 50M Loan (the “RMB 50M Loan Balance Due”), respectively. Upon the Bank’s declaration of an event
of default under the corresponding loan agreements, the Bank can demand the full payment of all outstanding principal and accrued
interest.
In additional to the RMB 390M Loan and RMB
50M Loan, the Company has failed to make payments to three short-term loans, including the RMB 23M Loan, the RMB 19.9M Loan, and
the RMB 10.24M Loan (collectively, the “Liquidity Loan Balance Due”). As of the date of this Annual Report, the Short-Terms
Loans have been expired while the Company has not made the corresponding payment.
The Bank and the Company are currently discussing
potential grant to convert the principal and interests due, including the RMB 390M Loan Balance Due, the RMB 50M Loan Balance Due,
and the Liquidity Loan Balance Due into a new loan and an additional liquidity loans in an amount of RMB 50 million (collectively,
the “Refinancing Loans”). The collateral for the potential RMB 50 million loan will be the remaining values of same
collateral for the RMB 390M Loan and RMB 50M Loan but ranking junior to the RMB 390MB Loan and RMB 50M Loan. In addition, the Company
has been negotiating with the Bank for a waiver of the penalty for late payment of related loan interest (the “Penalty Waiver”).
The Company has already submitted the application for the Refinancing Loans at the request of the Bank. It usually takes about
2 to 3 months for the Bank to review and approve the Refinancing Loans and the Penalty Waiver which can be potentially longer as
a result of the outbreak of the COVID-19. However, there is no assurance or certainty that such Refinancing Loans or Penalty Waiver
will be approved by the Bank.
Amendment Agreement with SML
Acknowledging the impact of COVID-19, on January
14,2020, the Company amended its agreement with SML to extend the original repayment date from May 15, 2020 to May 15, 2023
Impact of COVID-19
On January 30, 2020, the World Health Organization
(“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-19”) and the
risks to the international community as the virus spread globally beyond its point of origin. In March 2020, the WHO classified
the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally.
Many uncertainties remain regarding the COVID-19
pandemic, and it is impossible at this time to predict the full economic impact and the impact on our business. Since the Company
primarily engages in the business of the multi-functional shopping center are located in Dalian, Liaoning, China, the COVID-19
pandemic is expected to lead to a significant impact on our business operations. In late January 2020, the Dalian government released
a stop order on all activities that involved gathering, including a temporary suspension of shopping malls. As a result, all retailors
and service providers of our shopping center were shut down until further notice, subject to the containment of the COVID-19.
Given that the outbreak has been gradually controlled in China, the Company’s Dalian office has resumed business
since March 5, 2020. However, our business was and has continued to be adversely impacted by COVID-19. We have much
less traffic in our shopping mall and less tenants after the reopening due to the concern of the virus. In wake of the impact on
local market conditions and the economic environment by COVID-19, the Company temporarily suspended the Renovation. Consequently,
the pandemics has negatively impacted our operating revenue during the first quarter of 2020, and the Company believe the negative
impact on revenue will continue throughout year 2020. We continue to monitor and evaluate these and other developments with respect
to the COVID-19 pandemic, though we cannot guarantee that any measures we take in response thereto will be entirely effective or
effective at all. In addition, the continued negative impact of the pandemic could cause the Company to incur future impairment
charges to the value of its properties.
On March 27, 2020, President Trump signed
into law the “Coronavirus Aid, Relief, and Economic Security Act” (“CARES ACT”). The Company is evaluating
the impact, if any, that the CARES Act may have on the Company’s future operations, financial position, and liquidity in
fiscal year 2020. | |
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(End Disclosure - Subsequent Events) |
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Disclosure - Summary of Significant Accounting Policies (Policies) |
Disclosure - Summary of Significant Accounting Policies (Policies) (USD $) |
12 Months Ended |
( AccountingPoliciesAbstract ) |
|
|
Dec. 31, 2019 |
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|
|
|
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Basis of consolidation |
Basis of consolidation
The accompanying consolidated financial statements
present the historical results of operations and cash flows of VCM and its subsidiaries.
The Company’s consolidated financial
statements include the accounts of VCM, VCI, Sino Pride, DVPD, DVBM, and DVPM. All inter-company accounts and transactions among
the consolidation group have been eliminated in consolidation. Certain prior year balances have been reclassified to conform to
current year’s presentation. | |
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Use of Estimates |
Use of Estimates
The preparation of the consolidated financial
statements in conformity with accounting principles generally accepted in the U.S. requires management to makes estimates and
assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date
of the consolidated financial statements and during the reporting periods. Actual results could materially differ from these estimates.
Significant estimates include the liabilities recorded for financial agreements payable, buy-backs payable, lease back liabilities
payable, expired lease payables and the estimated liability accrued for additional litigation charges related to the numerous
lawsuits. Other estimates include the allowance for doubtful accounts on tenant receivables and other receivables, recoverability
of long-lived assets, the useful life of rental properties, property and equipment and intangible assets, assumptions used in
assessing impairment of long-term assets and the valuation of deferred tax assets. | |
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Foreign Currency Translation |
Foreign Currency Translation
The reporting currency of the Company is the
U.S. dollar. The functional currency of VCM and VCI is the U.S. dollar. The functional currency of DVPD, DVBM, and DVPM is the
Chinese Renminbi (“RMB”) whereas the functional currency of Sino Pride and DVPM is the Hong Kong Dollar (“HK$”).
The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with FASB ASC 830-30
“Translation of Financial Statements”. The financial information is first prepared in RMB or HK$ and then is translated
into the U.S. dollar at the period-end exchange rates as to assets and liabilities and at average exchange rates as to revenue,
expenses and cash flows. Equity accounts are translated at their historical exchange rates when the capital transactions occurred.
As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with
the changes in the corresponding balance sheets. Translation adjustments resulting from the process of translating the local currency
financial statements into the U.S. dollar are included in accumulated other comprehensive income (loss). The cumulative translation
adjustment and effect of exchange rate changes on cash for the years ended December 31, 2019 and 2018 were $(2,242,729) and $(3,739,981),
respectively. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates
prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional
currency at the exchange rate prevailing at each balance sheet date with any transaction gains and losses that arise from exchange
rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations
as incurred.
Pursuant to paragraph FASB ASC 830-20-35-1,
the intra-entity (intercompany transactions) foreign currency transactions whose terms are denominated in the currency other than
the Company’s functional currency and settlement is anticipated in the foreseeable future (hence not long-term investment
nature), the increases or decreases in expected functional currency cash flows are included in determining net income (loss) for
the period in which the exchange rate changes. The Company has an inter-company loan denominated in US dollars. The repayment of
the loan is required when the Company is profitable. The loan proceeds, repayment and accrued interest were tracked in US dollars.
The Company uses the bank spot exchange rate to record proceeds and repayments in RMB. By the end of the reporting period, the
Company will adjust loan and interest payable balances from US dollars to RMB by using the period ending exchange rate. Any gain
or loss from foreign currency exchange will be recognized in the consolidated statements of operations. There were $271,447 and
$1,220,769 foreign currency transaction losses for the years ended December 31, 2019 and 2018, respectively.
Spot exchange rates and average exchange rates
published by fxtop.com were used in the translation of the consolidated financial statements.
|
|
2019 |
|
2018 |
US Exchange Rate |
|
|
|
|
|
|
|
|
Year-end RMB |
|
|
6.9615 |
|
|
|
6.8778 |
|
Year average RMB |
|
|
6.9114 |
|
|
|
6.6187 |
|
|
|
|
|
|
|
|
|
|
Year-end HK$ |
|
|
7.7865 |
|
|
|
7.8319 |
|
Year average HK$ |
|
|
7.8262 |
|
|
|
7.8377 |
|
All foreign exchange transactions must take
place through authorized institutions of China. Management makes no representation that the RMB amounts could have been, or could
be, converted into U.S. dollars at the rates used in translation. | |
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Revenue Recognition |
Revenue Recognition
Rental Income-
Our Victory Plaza
currently has 3,173 rental units. Among these rental properties, the Company owned 433
units,814 units
were sold but with buy-back options, and 1,926
units were sold with no repurchase options.
The Company will lease back some of these sold properties and rent them out to tenants. All contracts include a lease and contain
information on rental income and payment term. Rental income is reported in the gross amount including rent income from our owned
properties and lease- back properties. A
predominately majority of the rental income comes from our owned properties and a very limited portion
, estimated at less than 3%, from the lease-back properties. Existing lease-back expenses were recorded as amortization and interest
expenses. Expired lease-back expenses were included in the lease-back expenses.
The Company recognizes the rental income on
a straight-line basis over the terms of the leases. The cumulative differences between rental income recognized in the Company’s
consolidated statements of operations and contractual payment terms have been recorded as deferred rental income and presented
on the accompanying consolidated balance sheets.
Property Management Fee Income
We currently provide common area management
services to all tenants and shop owners. Common area management services include security, cleaning, fire service, landscaping,
public facilities maintenance and other traditional services provided by a property management office. The terms of the property
management agreements are usually consistent with the tenants’ lease term. Property management fees are charged based on
the area of property ranging from $16 to $20 per square foot per annum.
Since the performance obligations in the property
management agreement are identical with the terms of property management agreement, the Company recognizes the propriety management
income on a straight-line basis over the terms of the management agreement. The cumulative differences between property management
income recognized in the Company’s consolidated statements of operations and contractual payment terms have been recorded
as deferred income and presented on the accompanying consolidated balance sheets.
Expense Recovery
The Company will pay utility, repair and insurance
expenses to third party vendors in order to fulfill its management obligations. The Company will charge all or part of these expenses
to tenants in addition to property management fees. The charge will depend on the size of tenant and terms of property management
agreement. The Company is acting as an agent to arrange for the provision of utilities, repairs and other services by third parties.
The Company will recognize the fees collected as income after the Company’s service is provided. The recovered expenses will
offset the income the Company is paid and be reported net under the caption of other income in accompanying consolidated financial
statements.
Rental Properties
Rental properties are carried at cost less
accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvements
of rental properties are capitalized. Maintenance and repairs are expensed as incurred. Depreciation is recognized on a straight-line
basis over estimated useful lives of the assets. Improvements are capitalized and amortized over the shorter of their estimated
useful lives or the terms of the respective leases, if any. When rental properties are sold or otherwise disposed of, the cost
and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is recognized in the results
of operations.
The following table summarized the ownership
of rental properties.
|
|
|
|
% of Total |
|
Financial Statement Presentation |
Group |
|
Description of Property |
|
SQ Ft |
|
Assets |
|
Liabilities |
A |
|
Owned with title by DVPD |
|
|
16 |
% |
|
Rental properties |
|
N/A |
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
9 |
% |
|
Rental properties |
|
Property financing agreements payable |
C * |
|
Properties with buy- back options transferred to SML in 2017 and 2018 |
|
|
6 |
% |
|
Rental properties |
|
Loan payable SML |
D |
|
Sold properties |
|
|
69 |
% |
|
N/A |
|
N/A |
|
|
Total properties |
|
|
100 |
% |
|
|
|
|
* In the filing of Form S-1/A dated February
12, 2019, the Company had a C-2 property group category, “Third party has title acquired from previous owner”. The
purchase and sale transactions between the previous owner and new owner - “third party” will not remove the burden
of the Company to buy back the property per the buy-back options. The nature of C-2 group is the same as Group B. Therefore, we
removed group C-2 (approximately 1%) and combined it with Group B.
Group A represents property that the Company
owns 100%. Group B represents property we sold to individual owners with buy-back options which are pending. Group C represents
property owned by SML, but the Company is still liable for the buy-back options. Pursuant to the SML Agreement, the Company is
obligated to buy back these properties plus accrued interest no later than May 15, 2020. Group D presents property we sold to various
individual owners without additional rights attached.
Sold Rental Properties with Financing
Agreements (Group B and C Properties)
Pursuant to the sales contracts, the buyers’
obtained legal title to the property and also had an option to sign a separate buy-back agreement. The purchase agreement granted
the buyer an option to request the Company to buy back sold properties at a stated buy-back price once the option vested and the
Company has received the payments for the sold property. As of December 31, 2019, approximately 15% of total rental spaces of Victory
Plaza were sold to various unrelated individuals and entities with buy-back options. The majority of these properties were sold
during the period from 1998 to 2014. The vesting dates of the buy-back options ranged from 2014 to 2018.
Pursuant to FASB ASC 360-20-40-38, if a property
seller has an obligation to repurchase the property, or the terms of the transaction allow the buyer to compel the seller or give
an option to request the seller to repurchase the property, the transaction shall be accounted for as financing, lease, or profit-sharing
arrangement rather than as a sale. It is aligned with FASB ASC 842-40-25-3, an option for the seller-lessee to repurchase the asset
would preclude accounting for the transfer of the asset as a sale of the asset. The Company’s accounting policy is to treat
this type of sales as a financing agreement. The Company continues to report its ownership of the property sold as an asset (within
Rental Properties) and continues to depreciate the property based on the estimated useful lives. The Company recorded sales proceeds
as “property financing agreements payable” in the consolidated financial statements and accrues the interest payable
during the periods of the vesting. The interest rate is determined by the price spread of each unit’s sale price and buy-back
price, and the time span from the date of sale to the maturity date (last date to execute the option). The Company will derecognize
the liability when the Company purchases back the properties, or the owners of these properties have settled with the Company or
gave up the buy-back options, or upon the expiration of the option if not exercised. If the settlement is greater than the book
amount (including principal and interest), a loss will be recognized. If the amount of settlement is less than book amount (including
principal and interest), a gain will be recognized. See Note 10, Property Financing Agreement Payable for further information.
Sold Properties (Group D Properties)
As of December 31, 2019, approximately 69%
of the total space of Victory Plaza was sold and owned by various unrelated individuals and entities with legal title to the respective
properties. Pursuant to the sale contracts, at the date of the sales, buyers obtained integrated legal ownership to the sold properties
and assumed the significant risks and rewards of ownership of the property (had the ability to rent and sell the property at-will)
while the Company received the payments of the purchase price. These sales are considered final sales.
As part of our operations, the Company may
from time to from lease back properties from the owners of Group D properties and subleases these properties to un-related third
parties with new lease terms. As of December 31, 2019, there was no sublease from the owner of Group D properties. Sales and lease-back
are two separate business transactions. Lease-back is at the owner’s will and is not a condition of sale. Lease-back could
happen immediately after the sale of property or at any time after the sale if the owner of the property is interested in rental
services provided by the Company.
Under FASB ASC Topic 842, a sale and lease-back
arrangement will be accounted for as a sale if all of the following conditions are met: (i) control of the underlying asset is
transferred to the buyer-lessor in accordance with the revenue recognition guidelines in FASB ASC Topic 606, Revenue from Contracts
with Customers, (ii) the classification of the sublease is not a finance lease from the perspective of the lessee, or a sales-type
lease from the perspective of the lessor, and (iii) there is no repurchase option.
There were 2 and 4 outstanding leases that
the Company leased back from the owners of Group D properties as of December 31, 2019 and 2018, respectively. All these lease-back
arrangements met the above criteria and have been accounted for as a sale. The allocated net book value and land use rights were
derecognized, and a gain or loss was recognized when each of the sales was completed. | |
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Lessee Accounting |
Lessee Accounting
We have elected to early adopt FASB ASC Topic
842, the recent accounting update related to leases. FASB ASC 842 requires us to determine whether a contract is a lease or contains
a lease at the inception of the contract, considering all relevant facts and circumstances. A contract is a lease or contains a
lease if the contract conveys the right to control the use of identified property, plant, or equipment for a period of time in
exchange for consideration.
A lessee should recognize in the balance sheet
a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying
asset for the lease term. When measuring assets and liabilities arising from a lease, a lessee should include payments to be made
in optional periods only if the lessee is reasonably certain to exercise its option to extend the lease or not exercise an option
to terminate the lease. Similarly, optional payments to purchase the underlying asset should be included in the measurement of
lease assets and lease liabilities only if the lessee is reasonably certain to exercise that purchase option.
A lease is classified as a finance lease when
the lease meets any of the following criteria: (i) the lease transfers ownership of the underlying asset to the lessee by the end
of the lease term, (ii) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain
to exercise, (iii) the lease term is for the major part of the remaining economic life of the underlying asset, (iv) the present
value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease
payments equals or exceeds substantially all (90% or more) of the fair value of the underlying asset, or (v) the underlying asset
is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. A lease
not classified as a finance lease is classified as an operating lease.
The lease liability is initially measured at
the present value of lease payments to be paid as of lease commencement. Lease payments should be discounted at the rate implicit
in the lease or lessee’s incremental borrowing rate. The right-of-use asset is initially measured as: (i) the lease liability
determined, (ii) lease payments made to the lessor at or before lease commencement, minus lease incentives received from the lessor,
and (iii) initial direct costs incurred by the lessee.
A lessee will measure the lease liability by
(a) accreting interest expense on the carrying value of the lease liability using the effective interest rate method, and (b) reducing
the carrying value of the lease liability for lease payments made. A lessee will measure the right-of-use asset by amortizing that
asset over the lease term. Amortization is recorded on a straight-line basis. The right-of-use asset will also be tested for impairment
based on the asset impairment rules that apply to property, plant and equipment in FASB ASC Topic 360.
For leases with a term of 12 months or less,
a lessee is permitted to make an accounting policy election by class of underlying assets not to recognize lease assets and lease
liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis
over the lease term. | |
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Lessor Accounting |
Lessor Accounting
The Company currently owns 433 rental units
and leased these rental properties to various tenants. Pursuant to FASB ASC 842 – 30, the Company will classify a lease as
a sales – type lease if: (i) the lease transfers ownership of the underlying asset to the lessee by the end of the lease
term, (ii) the lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise,
(iii) the lease term is for the major part of the remaining economic life of the underlying asset, (iv) the present value of the
sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals
or exceeds substantially all (90% or more) of the fair value of the underlying asset, or (v) the underlying asset is of such a
specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. As of December 31,
2019, none of our leases, as a lessor, met the above criteria to be classified as a sales – type lease.
Pursuant to FASB ASC 842 – 30, when none
of the sales-type lease classification criteria are met, a lessor would classify the lease as a direct financing lease when both
of the following criteria are met: (i) the present value of the sum of the lease payments and any residual value guaranteed by
the lessee that is not already reflected in the lease payments and/or any other third party unrelated to the lessor equals or exceeds
substantially all (90% or more) of the fair value of the underlying asset and (ii) it is probable that the lessor will collect
the lease payments plus any amount necessary to satisfy a residual value guarantee. As of December 31, 2019, none of our leases,
as a lessor, met the above criteria to be classified as a financing lease.
Pursuant to FASB ASC 842 – 30, a lessor
would classify a lease as an operating lease when none of the sales-type lease or direct financing lease classification criteria
are met. As of December 31, 2019, all leases of the Company’s rental properties were classified as operating leases. The
Company will maintain the underlying asset and recognizes lease income over the lease term. | |
( us-gaap:LessorLeasesPolicyTextBlock ) |
| |
Disposition of Real Estate and Real Estate Investments |
Disposition of Real Estate and Real Estate
Investments
Sales of real estate include operating properties
and investments in real estate joint ventures. Gains from dispositions are recognized using the full accrual or partial sale methods,
provided that the Company has met various criteria relating to the terms of sale and any subsequent involvement. If the criteria
for sales recognition or gain recognition are not met because of a form of continuing involvement, the accounting for such transactions
is dependent on the nature of the continuing involvement. In certain cases, a sale might not be recognized, and in others all
or a portion of the gain might be deferred. | |
( custom:DispositionOfRealEstateAndRealEstateInvestmentsPolicyTextBlock [Extension] ) |
| |
Real Estate Held for Sale |
Real Estate Held for Sale
The Company generally considers assets to
be held for sale when management believes that a sale is probable within a year. This generally occurs when a sales contract is
executed with no substantive contingencies and the prospective buyer has significant funds at risk. Assets that are classified
as held for sale are recorded at the lower of their carrying amount or fair value, less cost to sell. The Company evaluated its
property portfolio and did not identify any properties that would meet the criteria for held for sale as of December 31, 2019
and December 31, 2018. | |
( us-gaap:RealEstateHeldForDevelopmentAndSalePolicy ) |
| |
Cash and Cash Equivalents |
Cash and Cash Equivalents
Cash and cash equivalents include cash on
hand and demand deposits in accounts maintained with commercial banks within the PRC, Hong Kong and United States. The Company
considers all short-term highly liquid investments with original maturities of three months or less when purchased to be cash
and cash equivalents. | |
( us-gaap:CashAndCashEquivalentsPolicyTextBlock ) |
| |
Restricted Cash |
Restricted Cash
Restricted cash represents
cash deposits required by the bank to be used for interest and loan repayments only. | |
( us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy ) |
| |
Tenant and Sundry Receivables, Net of Allowance for Doubtful Accounts |
Tenant and Sundry Receivables, net of Allowance
for Doubtful Accounts
Tenant receivables are recorded at original
invoice amount, less an estimated allowance for doubtful accounts. The allowance for doubtful accounts represents management’s
estimate of the amount of probable credit losses, determined by reviewing past due balances and other information. The Company
makes judgments as to the collectability of tenant receivables based on historical trends and future expectations. Management
estimates an allowance for doubtful accounts and adjusts gross tenant receivables downward based on their expectation of specific
tenant risks and the Company’s tenant receivable aging and collection analysis. Management considers accounts past due on
a tenant-by-tenant basis. Based on its review, management has provided an allowance for doubtful accounts as of December 31, 2019
and 2018 of $632,768 and $123,467, respectively. | |
( us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy ) |
| |
Property and Equipment |
Property and Equipment
Property and equipment are carried at cost,
less accumulated depreciation. Cost includes any incremental costs that are directly attributable to the construction or acquisition
of the item of property and equipment. Maintenance and repairs are expensed as incurred, while major maintenance and remodeling
costs are capitalized if they extend the useful life of the asset. Depreciation is computed using the straight-line method over
the estimated useful lives.
When properties and equipment are sold or
otherwise disposed of, the costs and related accumulated depreciation are eliminated from the accounts and any resulting gain
or loss is recognized in the results of operations. | |
( us-gaap:PropertyPlantAndEquipmentPolicyTextBlock ) |
| |
Impairment of Long-Lived Assets |
Impairment of Long-Lived Assets
Long-lived assets, primarily rental properties
and machinery and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant
decline in the observable market value of an asset, a significant change in the manner in which an asset is used, or a significant
adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. For long-lived
assets to be held and used, the Company recognizes an impairment loss only if its carrying amount is not recoverable through its
estimated undiscounted future cash flows over the anticipated holding period and measures the impairment loss based on the amount
by which the carrying amount of the asset exceeds its estimated fair value. Fair value is determined through various valuation
techniques, including discounted cash flow models, quoted market values or third-party independent appraisals, as considered necessary.
There were no impairment losses recognized during the years ended December 31, 2019 and 2018. | |
( us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock ) |
| |
Debt Issuance Costs |
Debt Issuance Costs
Costs related to bank loans payable consist
of fees and direct costs incurred in obtaining such financings. These costs are presented as a reduction of bank loans payable
and are amortized on a straight-line basis over the terms of the related loan payable which approximates the effective interest
rate method. Such amortization is included in “Interest – loans” in the accompanying consolidated statements
of operations, which amounted to $55,190 and $52,331 for the years ended December 31, 2019 and 2018, respectively. | |
( us-gaap:DebtPolicyTextBlock ) |
| |
Per Share Amounts |
Per Share Amounts
The Company computes per share amounts in accordance
with FASB ASC Topic 260 “Earnings per Share” (EPS) which requires presentation of basic and diluted EPS. Basic
EPS is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares
outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other
contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that
then shared in the earnings of the Company, if any. This is computed by dividing net earnings by the combination of basic and dilutive
common share equivalents. Since the Company is in a net loss position, all common stock equivalents would be anti-dilutive and
are, therefore, not included in the determination of diluted loss per share. Accordingly, basic and diluted net loss per share
are the same. There were no common stock equivalents as of December 31, 2019 and 2018.
Years Ended December 31, |
|
2019 |
|
2018 |
Numerator for earnings per share: |
|
|
|
|
|
|
|
|
Net loss attributable to the Company’s common shareholders |
|
$ |
(9,619,713 |
) |
|
$ |
(3,777,399 |
) |
Denominator for basic and diluted earnings per share: |
|
|
|
|
|
|
|
|
Basic weighted average common shares* |
|
|
21,472,792 |
|
|
|
20,700,000 |
|
Diluted weighted average common shares |
|
|
21,472,792 |
|
|
|
20,700,000 |
|
| |
( us-gaap:EarningsPerSharePolicyTextBlock ) |
| |
Non-Controlling Interest |
Non-Controlling Interest
Non-controlling interest is classified as
a separate line item in the equity section and disclosures in the Company’s consolidated financial statements. This amount
represents the 20% non-controlling interest in DVPD owned by DVDC. | |
( custom:NoncontrollingInterestPolicyTextBlock [Extension] ) |
| |
Comprehensive Income (Loss) |
Comprehensive Income (Loss)
The Company follows ASC 220-10, “Reporting
Comprehensive Income” FASB ASC 220-10 requires the reporting of comprehensive income (loss) in addition to net income
(loss). Comprehensive income (loss) is a more inclusive financial reporting methodology that includes disclosure of information
that historically has not been recognized in the calculation of net income (loss). Comprehensive income (loss) generally represents
all changes in shareholders’ equity during the period except those resulting from investments by, or distributions to shareholders.
Comprehensive income (loss) reflects the gain (loss) due to foreign currency translation adjustments. | |
( us-gaap:ComprehensiveIncomePolicyPolicyTextBlock ) |
| |
Fair Value of Financial Instruments |
Fair Value of Financial Instruments
The following disclosure of the estimated
fair value of financial instruments is made in accordance with the provision of FASB ASC 825-10-65, “Financial Instruments
– Transition and Open Effective Date Information”. Although the estimated fair value amounts have been determined
by the Company using available market information and appropriate valuation methodologies, the estimates presented are not necessarily
indicative of the amounts that the Company could realize in current market exchanges. The carrying amounts reported in the consolidated
balance sheets for cash, accounts receivables and accounts payable approximate fair value because of the short-term nature of
these financial instruments. | |
( us-gaap:FairValueOfFinancialInstrumentsPolicy ) |
| |
Income Taxes |
Income Taxes
The Company is governed by the Income Tax Law
of the PRC, the Special Region of Hong Kong and the U.S. Internal Revenue Code of 1986, as amended. The Company accounts for income
taxes using the asset/liability method prescribed by FASB ASC 740, “Accounting for Income Taxes.” Under this method,
deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets
and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse.
Deferred tax assets are also provided for net operating loss carryforwards that can be used to offset taxable income in the future.
The Company records a valuation allowance to offset deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not
that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates
is recognized in income or loss in the period that includes the enactment date.
The Company follows the provisions of ASC
740-10-50, “Accounting for Uncertainty in Income Taxes,” which provides clarification related to the process associated
with accounting for uncertain tax positions recognized in the Company’s financial statements. Audit periods remain open
for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations
for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment
could be material to the Company’s results of operations for any given quarter or annual period based, in part, upon the
results of operations for the given period. As of December 31, 2019, and 2018, the Company had no uncertain tax positions, and
will continue to evaluate for uncertain positions in the future. | |
( us-gaap:IncomeTaxPolicyTextBlock ) |
| |
Fair Value Measurements |
Fair Value Measurements
The Company complies with the provisions of
FASB ASC 820 “Fair Value Measurements and Disclosure “(ASC 820) in measuring fair value and in disclosing fair
value measurements. FASB ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about
fair value measurements required under other accounting pronouncements. FASB ASC 820-10-35, Fair Value Measurements and Disclosures
– Subsequent Measurement (ASC 820-10-35), clarifies that fair value is an exit price, representing the amount that would
be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value
measurement reflects the assumptions market participants would use in pricing an asset or liability based on the best information
available. Assumptions include the risks inherent in a particular valuation technique and/or the risks inherent in the inputs to
the model.
ASC 820-10-35 discusses valuation techniques,
such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and
the cost approach (cost to replace the service capacity of an asset or replacement cost). The statement utilizes a fair value hierarchy
that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief
description of those three levels:
Level 1 Inputs – Level 1 inputs are unadjusted
quoted prices in active markets for assets or liabilities identical to those to be reported at fair value. An active market is
a market in which transactions occur for the item to be fair valued with sufficient frequency and volume to provide pricing information
on an ongoing basis.
Level 2 Inputs – Level 2 inputs are inputs
other than quoted prices included within level 1. Level 2 inputs are observable either directly or indirectly. These inputs include:
(a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities
in markets that are not active, such as when there are few transactions for the asset or liability, the prices are not current,
price quotations vary substantially over time or in which little information is released publicly; (c) Inputs other than quoted
prices that are observable for the asset or liability and (d) Inputs that are derived principally from or corroborated by observable
market data by correlation or other means.
Level 3 Inputs – Level 3 inputs are unobservable
inputs for an asset or liability. These inputs should be used to determine fair value only when observable inputs are not available.
Unobservable inputs should be developed based on the best information available in the circumstances, which might include internally
generated data and assumptions being used to price the asset or liability.
When determining the fair value measurements
for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal
or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing
the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical
assets are not traded in active markets, the Company looks to market observable data for similar assets. Nevertheless, certain
assets are not actively traded in observable markets and the Company must use alternative valuation techniques to derive a fair
value measurement. | |
( us-gaap:FairValueMeasurementPolicyPolicyTextBlock ) |
| |
Related Parties |
Related Parties
Parties are considered to be related to the
Company if they, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control
with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families
of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls
or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties
might be prevented from fully pursuing its separate interests. The Company discloses all related party transactions. | |
( custom:RelatedPartiesPolicyTextBlock [Extension] ) |
| |
Deferred Rental Income |
Deferred Rental Income
Rental and management fee income from leases
are recognized on a straight-line basis over the term of the relevant leases. The cumulative difference between the rental income/management
fees recognized in the Company’s consolidated statements of operations and actual annual contractual lease payments are
recorded as deferred rental income and presented on the consolidated balance sheets. Additionally, prepaid lease payments from
the tenant is included in deferred income. | |
( us-gaap:DeferredChargesPolicyTextBlock ) |
| |
Advertising |
Advertising
Advertising is expensed as incurred and is
included in other general and administrative expenses. There were $472 and $680 advertising expenses for the years ended December
31, 2019 and 2018. | |
( us-gaap:AdvertisingCostsPolicyTextBlock ) |
| |
Recently Issued Accounting Pronouncements |
Recently Issued Accounting Pronouncements
In February 2018,
the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects
from Accumulated Other Comprehensive Income. The amendments in this Update affect any entity that is required to apply the provisions
of Topic 220, Income Statement – Reporting Comprehensive Income, and has items of other comprehensive income for which the
related tax effects are presented in other comprehensive income as required by GAAP. The amendments in this Update are effective
for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption
of the amendments in this Update is permitted, including adoption in any interim period, (1) for public business entities for reporting
periods for which financial statements have not yet been issued and (2) for all other entities for reporting periods for which
financial statements have not yet been made available for issuance. The amendments in this Update should be applied either in the
period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate
income tax rate in the Tax Cuts and Jobs Act is recognized. The adoption of this ASU did not have a material effect on the Company’s
consolidated financial statements.
In June 2018, the
FASB issued ASU 2018-07 – Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment
Accounting, which to include share-based payment transactions for acquiring goods and services from non-employees, which nonemployee
share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments that an
entity is obligated to issue when the goods have been delivered or the service has been rendered and any other conditions necessary
to earn the right to benefit from the instruments have been satisfied. The definition of the term grant date is amended to generally
state the date at which a grantor and a grantee reach a mutual understanding of the key terms and conditions of a share based payment
award. The amendments are effective for public business entities for fiscal years beginning after December 15, 2018, including
interim periods within those fiscal years. For all other entities, the amendments in this ASU are effective for fiscal years beginning
after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted,
including adoption in an interim period. The adoption of this ASU did not have a material effect on the Company’s consolidated
financial statements.
In August 2018, the
FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements
for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 removes, modifies and adds certain disclosure requirements
in Topic 820 “Fair Value Measurement”. ASU 2018-13 eliminates certain disclosures related to transfers and the valuations
process, modifies disclosures for investments that are valued based on net asset value, clarifies the measurement uncertainty disclosure,
and requires additional disclosures for Level 3 fair value measurements. ASU 2018-13 is effective for the Company for annual and
interim reporting periods beginning July 1, 2020. The Company does not believe the adoption of this ASU will have a material effect
on the Company’s consolidated financial statements.
In May 2019, the FASB
issued ASU 2019-05, which is an update to ASU Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement
of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit
losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. The amendments in
Update 2016-13 added Topic 326, Financial Instruments—Credit Losses, and made several consequential amendments to the Codification.
Update 2016-13 also modified the accounting for available-for-sale debt securities, which must be individually assessed for credit
losses when fair value is less than the amortized cost basis, in accordance with Subtopic 326-30, Financial Instruments—
Credit Losses—Available-for-Sale Debt Securities. The amendments in this Update address those stakeholders’ concerns
by providing an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized
cost basis. For those entities, the targeted transition relief will increase comparability of financial statement information by
providing an option to align measurement methodologies for similar financial assets. Furthermore, the targeted transition relief
also may reduce the costs for some entities to comply with the amendments in Update 2016-13 while still providing financial statement
users with decision-useful information. ASU 2019-05 is effective for the Company for annual and interim reporting periods beginning
July 1, 2020. The Company is currently evaluating the impact of ASU 2019-05 will have on its consolidated financial statements.
The Company does
not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect
on the Company’s consolidated financial statements. | |
( us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock ) |
| |
|
(End Disclosure - Summary of Significant Accounting Policies (Policies)) |
|
Disclosure - Summary of Significant Accounting Policies (Tables) |
Disclosure - Summary of Significant Accounting Policies (Tables) (USD $) |
12 Months Ended |
( AccountingPoliciesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars |
Spot exchange rates and average exchange rates
published by fxtop.com were used in the translation of the consolidated financial statements.
|
|
2019 |
|
2018 |
US Exchange Rate |
|
|
|
|
|
|
|
|
Year-end RMB |
|
|
6.9615 |
|
|
|
6.8778 |
|
Year average RMB |
|
|
6.9114 |
|
|
|
6.6187 |
|
|
|
|
|
|
|
|
|
|
Year-end HK$ |
|
|
7.7865 |
|
|
|
7.8319 |
|
Year average HK$ |
|
|
7.8262 |
|
|
|
7.8377 |
|
| |
( us-gaap:ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock ) |
| |
Schedule of Ownership of Rental Properties |
The following table summarized the ownership
of rental properties.
|
|
|
|
% of Total |
|
Financial Statement Presentation |
Group |
|
Description of Property |
|
SQ Ft |
|
Assets |
|
Liabilities |
A |
|
Owned with title by DVPD |
|
|
16 |
% |
|
Rental properties |
|
N/A |
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
9 |
% |
|
Rental properties |
|
Property financing agreements payable |
C * |
|
Properties with buy- back options transferred to SML in 2017 and 2018 |
|
|
6 |
% |
|
Rental properties |
|
Loan payable SML |
D |
|
Sold properties |
|
|
69 |
% |
|
N/A |
|
N/A |
|
|
Total properties |
|
|
100 |
% |
|
|
|
|
* In the filing of Form S-1/A dated February
12, 2019, the Company had a C-2 property group category, “Third party has title acquired from previous owner”. The
purchase and sale transactions between the previous owner and new owner - “third party” will not remove the burden
of the Company to buy back the property per the buy-back options. The nature of C-2 group is the same as Group B. Therefore, we
removed group C-2 (approximately 1%) and combined it with Group B. | |
( custom:ScheduleOfOwnershipOfRentalPropertiesTableTextBlock [Extension] ) |
| |
Schedule of Basic and Diluted Loss Per Share |
There were no common stock equivalents as of
December 31, 2019 and 2018.
Years Ended December 31, |
|
2019 |
|
2018 |
Numerator for earnings per share: |
|
|
|
|
|
|
|
|
Net loss attributable to the Company’s common shareholders |
|
$ |
(9,619,713 |
) |
|
$ |
(3,777,399 |
) |
Denominator for basic and diluted earnings per share: |
|
|
|
|
|
|
|
|
Basic weighted average common shares* |
|
|
21,472,792 |
|
|
|
20,700,000 |
|
Diluted weighted average common shares |
|
|
21,472,792 |
|
|
|
20,700,000 |
|
| |
( us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock ) |
| |
|
(End Disclosure - Summary of Significant Accounting Policies (Tables)) |
|
Disclosure - Prepaid Expenses and Other Assets (Tables) |
Disclosure - Prepaid Expenses and Other Assets (Tables) (USD $) |
12 Months Ended |
( custom:PrepaidExpensesAndOtherAssetsAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Prepaid Expenses and Other Assets |
Prepaid expenses and other assets consist of
the following:
|
|
2019 |
|
|
2018 |
|
Supplies on hand |
|
$ |
100,156 |
|
|
$ |
79,478 |
|
Prepaid expenses |
|
|
331,454 |
|
|
|
498,043 |
|
Deposits |
|
|
95,224 |
|
|
|
120,235 |
|
Total prepaid expenses and other assets |
|
$ |
526,834 |
|
|
$ |
697,756 |
|
| |
( us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock ) |
| |
|
(End Disclosure - Prepaid Expenses and Other Assets (Tables)) |
|
Disclosure - Rental Properties, Net (Tables) |
Disclosure - Rental Properties, Net (Tables) (USD $) |
12 Months Ended |
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Rental Properties |
The following table summarized ownership of
rental properties.
As of December 31, 2019
Group |
|
Description of Property |
|
Cost |
|
|
In Square
Feet |
|
|
% of Total
Square Feet |
|
|
Units |
|
A |
|
Owned by DVPD |
|
$ |
21,704,162 |
|
|
|
240,455 |
|
|
|
16 |
% |
|
|
433 |
|
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
11,703,248 |
|
|
|
130,394 |
|
|
|
9 |
% |
|
|
495 |
|
C |
|
Properties with buy- back options transferred to SML in 2017 and 2018 * |
|
|
7,660,568 |
|
|
|
86,251 |
|
|
|
6 |
% |
|
|
319 |
|
D |
|
Sold properties without buy- back options |
|
|
|
|
|
|
1,023,519 |
|
|
|
69 |
% |
|
|
1,926 |
|
Rental properties at cost |
|
|
41,067,978 |
|
|
|
1,480,618 |
|
|
|
100 |
% |
|
|
3,173 |
|
Less: accumulated depreciation |
|
|
(19,733,963 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Rental properties, net |
|
$ |
21,334,015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018
Group |
|
Description of Property |
|
Cost in US $ |
|
|
In Square
Feet |
|
|
% of Total
Square Feet |
|
|
Units |
|
A |
|
Owned by DVPD |
|
$ |
21,968,292 |
|
|
|
240,799 |
|
|
|
16 |
% |
|
|
434 |
|
B |
|
Sold properties with buy- back options or return is in process without paying off |
|
|
11,845,672 |
|
|
|
130,049 |
|
|
|
9 |
% |
|
|
493 |
|
C |
|
Properties with buy- back options transferred to SML in 2017 and 2018 * |
|
|
7,753,794 |
|
|
|
86,251 |
|
|
|
6 |
% |
|
|
319 |
|
D |
|
Sold properties without buy- back options |
|
|
- |
|
|
|
1,023,519 |
|
|
|
69 |
% |
|
|
1,927 |
|
Rental properties at cost |
|
|
41,567,758 |
|
|
|
1,480,618 |
|
|
|
100 |
% |
|
|
3,173 |
|
Less: accumulated depreciation |
|
|
(19,048,676 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Rental properties, net |
|
$ |
22,519,082 |
|
|
|
|
|
|
|
|
|
|
|
|
|
*See Note 10, Property Financing Agreement Payable | |
( custom:ScheduleOfRentalPropertiesTableTextBlock [Extension] ) |
| |
Schedule of Expected Future Minimum Rents |
Expected future minimum rents to be received
over the next five years and thereafter from leases in effect as of December 31, 2019 are as follows:
For the Years Ending December 31, |
|
Amount in US$ |
|
2020 |
|
$ |
679,390 |
|
2021 |
|
|
653,146 |
|
2022 |
|
|
63,497 |
|
2023 |
|
|
7,182 |
|
|
|
|
|
|
Total |
|
$ |
1,403,215 |
|
| |
( us-gaap:LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock ) |
| |
Schedule of Sale of Rental Properties Gain |
Those sales were considered as final. The Company
realized a gain of $1,340,035 from these sales.
Sales price |
|
$ |
2,098,071 |
|
Less: carrying costs |
|
|
(610,365 |
) |
Add: accumulated depreciation |
|
|
279,703 |
|
Other cost adjustments |
|
|
(427,374 |
) |
Net Gain |
|
$ |
1,340,035 |
|
| |
( custom:ScheduleOfSaleOfRentalPropertiesGainTableTextBlock [Extension] ) |
| |
|
(End Disclosure - Rental Properties, Net (Tables)) |
|
Disclosure - Property and Equipment (Tables) |
Disclosure - Property and Equipment (Tables) (USD $) |
12 Months Ended |
( us-gaap:PropertyPlantAndEquipmentAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Property and Equipment |
Property and equipment are composed of the
following:
|
|
Estimated
Useful Life |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Rental Property |
|
45 years |
|
$ |
218,482 |
|
|
$ |
221,140 |
|
Office equipment |
|
3-5 years |
|
|
319,359 |
|
|
|
324,623 |
|
Business machinery and equipment |
|
5-10 years |
|
|
2,944,603 |
|
|
|
2,969,180 |
|
Auto |
|
5 years |
|
|
24,574 |
|
|
|
24,873 |
|
Improvements |
|
5-10 years |
|
|
9,997,516 |
|
|
|
10,118,913 |
|
Total properties, machinery and equipment |
|
|
|
|
13,504,534 |
|
|
|
13,658,729 |
|
Less: accumulated depreciation and amortization |
|
|
|
|
(13,074,471 |
) |
|
|
(13,024,140 |
) |
Property and equipment, net |
|
|
|
$ |
430,063 |
|
|
$ |
634,589 |
|
| |
( us-gaap:PropertyPlantAndEquipmentTextBlock ) |
| |
|
(End Disclosure - Property and Equipment (Tables)) |
|
Disclosure - Intangible Assets (Tables) |
Disclosure - Intangible Assets (Tables) (USD $) |
12 Months Ended |
( GoodwillAndIntangibleAssetsDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Intangible Assets |
Intangible assets consist of the software used
in management. The cost and related amortization are as follows:
|
|
Estimated
Useful Life |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
Management software |
|
5 years |
|
$ |
25,819 |
|
|
$ |
26,134 |
|
Less: accumulated amortization |
|
|
|
|
(8,179 |
) |
|
|
(3,051 |
) |
Intangible assets, net |
|
|
|
$ |
17,640 |
|
|
$ |
23,083 |
|
| |
( us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock ) |
| |
|
(End Disclosure - Intangible Assets (Tables)) |
|
Disclosure - Right of Use Assets (Tables) |
Disclosure - Right of Use Assets (Tables) (USD $) |
12 Months Ended |
( custom:RightOfUseAssetsAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Lease Liability Maturity |
The right-of-use asset is amortized over the
term of lease.
Lease Liability maturities as of December 31, |
|
|
|
|
2020 |
|
|
210,946 |
|
2021 |
|
|
191,530 |
|
2022 |
|
|
118,788 |
|
Thereafter |
|
|
- |
|
Total Lease Liability maturities |
|
|
521,264 |
|
| |
( custom:ScheduleOfOperatingLeaseAndFinanceLeaseLiabilityMaturityTableTextBlock [Extension] ) |
| |
Schedule of Right of Use Assets |
Right of use assets consist of the followings
as of December 31, 2019 and 2018:
Right of Use Assets- As of December 31, 2019 in US $ |
Lease Type |
|
Property Group |
|
Lease Units |
|
|
ROU Assets |
|
|
Accumulated Amortization |
|
|
ROU, Net |
|
Financing lease |
|
B |
|
|
1 |
|
|
$ |
61,261 |
|
|
$ |
(60,166 |
) |
|
$ |
1,095 |
|
Financing lease |
|
D |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease - Rental |
|
- |
|
|
2 |
|
|
|
564,865 |
|
|
|
(81,782 |
) |
|
|
483,083 |
|
Total |
|
|
|
|
3 |
|
|
$ |
626,126 |
|
|
$ |
(141,948 |
) |
|
$ |
484,178 |
|
Right of Use Assets - As of December 31, 2018 in US $ |
Lease Type |
|
Property Group |
|
Lease Units |
|
|
ROU Assets |
|
|
Accumulated Amortization |
|
|
ROU, Net |
|
Financing lease |
|
B |
|
|
4 |
|
|
$ |
315,067 |
|
|
$ |
(284,848 |
) |
|
$ |
30,219 |
|
Financing lease |
|
D |
|
|
4 |
|
|
|
247,730 |
|
|
|
(237,948 |
) |
|
|
9,782 |
|
Operating lease - Rental |
|
- |
|
|
1 |
|
|
|
597,889 |
|
|
|
(214,985 |
) |
|
|
382,904 |
|
Total |
|
|
|
|
9 |
|
|
$ |
1,160,686 |
|
|
$ |
(737,781 |
) |
|
$ |
422,905 |
|
| |
( custom:ScheduleOfRightOfUseAssetsTableTextBlock [Extension] ) |
| |
|
(End Disclosure - Right of Use Assets (Tables)) |
|
Disclosure - Bank Loans Payable (Tables) |
Disclosure - Bank Loans Payable (Tables) (USD $) |
12 Months Ended |
( DebtDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Loans Payable |
The following table sets forth the Company’s
loans payable as of December 31, 2019 and December 31, 2018:
|
|
2019 |
|
|
2018 |
|
Harbin Bank Loans |
|
|
|
|
|
|
|
|
Interest at 5.46% per annum, payable 07/18/2027 |
|
$ |
55,519,644 |
|
|
$ |
56,267,993 |
|
Interest at 7.08% per annum, payable 07/19/2024 |
|
|
4,104,206 |
|
|
|
4,348,878 |
|
Interest at 6.50% per annum, payable 12/20/2018-In default |
|
|
3,303,885 |
|
|
|
3,344,093 |
|
Interest at 6.50% per annum, payable 09/27/2019-In default |
|
|
2,858,579 |
|
|
|
2,893,367 |
|
Interest at 6.50% per annum, payable 03/11/2020-In default |
|
|
1,470,948 |
|
|
|
- |
|
Total principal |
|
|
67,257,262 |
|
|
|
66,854,331 |
|
Less: |
|
|
|
|
|
|
|
|
unamortized debt issuance cost |
|
|
(335,849 |
) |
|
|
(395,397 |
) |
Total bank loans payable |
|
$ |
66,921,413 |
|
|
$ |
66,458,934 |
|
| |
( us-gaap:ScheduleOfDebtTableTextBlock ) |
| |
Schedule of Debt Maturity of Oustanding Bank Loan |
As of December 31, 2019, scheduled maturities
of the Company’s outstanding bank loans were as follows:
Year Ended December 31, |
|
|
|
2020 |
|
$ |
8,690,244 |
|
2021 |
|
|
1,056,832 |
|
2022 |
|
|
1,056,832 |
|
2023 |
|
|
1,056,834 |
|
2024 |
|
|
1,056,834 |
|
Thereafter |
|
|
54,339,686 |
|
Total debt maturities |
|
|
67,257,262 |
|
Less: unamortized debt issuance costs |
|
|
(335,849 |
) |
Total debt obligations |
|
$ |
66,921,413 |
|
| |
( us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock ) |
| |
|
(End Disclosure - Bank Loans Payable (Tables)) |
|
Disclosure - Property Financing Agreements Payable (Tables) |
Disclosure - Property Financing Agreements Payable (Tables) (USD $) |
12 Months Ended |
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Detailed Information on Property Financing Agreement Payable |
Property financing agreements payable consists
of the following as of December 31, 2019 and 2018.
|
|
2019 |
|
|
2018 |
|
Buy-back financing agreements - Group B properties |
|
$ |
42,680,410 |
|
|
$ |
46,438,364 |
|
SML financing agreements - Group C properties * |
|
|
34,802,880 |
|
|
|
33,529,953 |
|
Net unamortized SML financing cost |
|
|
(18,509 |
) |
|
|
(63,697 |
) |
Total property financing agreements, net |
|
$ |
77,464,781 |
|
|
$ |
79,904,620 |
|
* includes lease-back payables transferred
to SML | |
( custom:ScheduleOfDetailedInformationOnPropertyFinancingAgreementPayableTableTextBlock [Extension] ) |
| |
Schedule of Property Buy-back Financing Agreements Payable |
Detailed information on property buy-back financing
agreements payable in Group B as of December 31, 2019 and 2018 as follows.
|
|
Units |
|
|
Square Feet |
|
|
Selling Price |
|
|
Buy-Back Price |
|
|
Property
Financing Agreements Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effective agreements |
|
|
5 |
|
|
|
1,948 |
|
|
$ |
533,965 |
|
|
$ |
713,740 |
|
|
$ |
686,960 |
|
Past due agreements |
|
|
490 |
|
|
|
128,446 |
|
|
|
37,267,543 |
|
|
|
41,996,688 |
|
|
|
41,993,450 |
|
Total financing agreements |
|
|
495 |
|
|
|
130,006 |
|
|
$ |
37,801,508 |
|
|
$ |
42,710,428 |
|
|
$ |
42,680,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effective agreements |
|
|
14 |
|
|
|
5,047 |
|
|
$ |
1,765,972 |
|
|
$ |
2,501,614 |
|
|
$ |
2,420,513 |
|
Past due agreements |
|
|
479 |
|
|
|
124,959 |
|
|
|
36,322,719 |
|
|
|
44,030,955 |
|
|
|
44,017,851 |
|
Total financing agreements |
|
|
493 |
|
|
|
130,006 |
|
|
$ |
38,088,691 |
|
|
$ |
46,532,569 |
|
|
$ |
46,438,364 |
|
| |
( custom:ScheduleOfPropertyBuybackFinancingAgreementPayableTableTextBlock [Extension] ) |
| |
Schedule of Maturity for Financing Agreement Payable |
Following table set forth the expiration of
buy-back options (Group B properties) and the buy-back amount.
Future Expiration |
|
Units |
|
|
Amount |
|
Past due as of 12/31/2019 |
|
|
490 |
|
|
$ |
41,996,688 |
|
12/31/2020 |
|
|
3 |
|
|
|
460,576 |
|
12/31/2021 |
|
|
- |
|
|
|
- |
|
12/31/2022 |
|
|
2 |
|
|
|
253,164 |
|
12/31/2023 |
|
|
- |
|
|
|
- |
|
Total |
|
|
495 |
|
|
$ |
42,710,428 |
|
| |
( custom:ScheduleOfMaturityForFinacingAgreementPayableTableTextBlock [Extension] ) |
| |
Schedule of Financing Agreements |
Amounts under the SML Agreement as of December
31, 2019 and 2018 consist of following:
|
|
2019 |
|
|
2018 |
|
Buy-back related cases: including remaining balances |
|
$ |
25,869,672 |
|
|
$ |
26,995,786 |
|
Lease-back related cases: including historical remaining balances |
|
|
4,020,158 |
|
|
|
4,069,082 |
|
Accrued interest payable to SML |
|
|
4,913,051 |
|
|
|
2,465,085 |
|
Total SML financing agreements |
|
$ |
34,802,881 |
|
|
$ |
33,529,953 |
|
| |
( custom:ScheduleOfFinancingAgreementsTableTextBlock [Extension] ) |
| |
|
(End Disclosure - Property Financing Agreements Payable (Tables)) |
|
Disclosure - Account Payable and Accrued Liabilities (Tables) |
Disclosure - Account Payable and Accrued Liabilities (Tables) (USD $) |
12 Months Ended |
( PayablesAndAccrualsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Account Payable and Accrued Liabilities |
Accounts payable and accrued liabilities consist
of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Accounts payable |
|
$ |
3,461,758 |
|
|
$ |
2,839,967 |
|
Wages and employee benefits payable |
|
|
679,189 |
|
|
|
370,151 |
|
Taxes payable* |
|
|
806,380 |
|
|
|
584,693 |
|
Vat payable |
|
|
745,935 |
|
|
|
455,962 |
|
Bank loan interest payable |
|
|
3,245,679 |
|
|
|
496,831 |
|
Total accounts payable and accrued liabilities |
|
$ |
8,938,941 |
|
|
$ |
4,747,604 |
|
* Taxes payable consist of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Individual income taxes |
|
|
27,150 |
|
|
|
30,674 |
|
Business taxes |
|
|
169,336 |
|
|
|
136,725 |
|
Property and land use taxes |
|
|
269,646 |
|
|
|
253,226 |
|
Tax penalties |
|
|
247,732 |
|
|
|
90,473 |
|
Other surcharges and fees |
|
|
92,516 |
|
|
|
73,595 |
|
Total |
|
$ |
806,380 |
|
|
$ |
584,693 |
|
| |
( us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock ) |
| |
|
(End Disclosure - Account Payable and Accrued Liabilities (Tables)) |
|
Disclosure - Lease Liabilities Payable (Tables) |
Disclosure - Lease Liabilities Payable (Tables) (USD $) |
12 Months Ended |
( us-gaap:LeasesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Lease Liabilities Payable |
Lease liabilities payable consisted of following
as of December 31, 2019.
Lease Type |
|
Property Group |
|
Lease Units |
|
|
Lease Payable |
|
Financing lease |
|
B |
|
|
1 |
|
|
$ |
1,637 |
|
Financing leases |
|
D |
|
|
2 |
|
|
|
21,118 |
|
Operating leases |
|
Office rent |
|
|
2 |
|
|
|
498,509 |
|
Total |
|
|
|
|
5 |
|
|
$ |
521,264 |
|
Leases liabilities payable consisted of following
as of December 31, 2018.
Lease Type |
|
Property Group |
|
Lease Units |
|
|
Lease Payable |
|
Financing lease |
|
B |
|
|
4 |
|
|
$ |
176,902 |
|
Financing lease |
|
D |
|
|
4 |
|
|
|
38,878 |
|
Operating lease |
|
D |
|
|
1 |
|
|
|
396,345 |
|
Total |
|
|
|
|
9 |
|
|
$ |
612,125 |
|
| |
( us-gaap:ScheduleOfRentExpenseTableTextBlock ) |
| |
Schedule of Future Minimum Lease Payables |
Future minimum lease-back payables at December
31, 2019 were as follows:
Years Ended December 31, |
|
Lease Units* |
|
|
Square Feet |
|
|
Minimum Lease Payable |
|
2020 |
|
|
3 |
|
|
|
431 |
|
|
$ |
4,474 |
|
2021 |
|
|
2 |
|
|
|
108 |
|
|
|
433 |
|
2022 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total future minimum lease payable |
|
|
|
|
|
|
|
|
|
$ |
4,907 |
|
* Lease units represent total leases at the end of period |
| |
( custom:ScheduleOfFutureMinimumLeasePayableTableTextBlock [Extension] ) |
| |
Schedule of Operating Lease for Future Minimum Rental Payments |
Sino Pride leases office space under an operating
lease agreement which expires on August 31, 2021 and New York’s office lease expires on August 31, 2022. The future minimum
rental payments are as follows:
Years ending December 31, |
|
|
|
2020 |
|
$ |
209,865 |
|
2021 |
|
|
202,859 |
|
2022 |
|
|
119,372 |
|
|
|
$ |
532,096 |
|
| |
( us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock ) |
| |
|
(End Disclosure - Lease Liabilities Payable (Tables)) |
|
Disclosure - Other Payables (Tables) |
Disclosure - Other Payables (Tables) (USD $) |
12 Months Ended |
( OtherLiabilitiesDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Other Payable |
Other payables consist of the following:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Tenants deposits payable |
|
|
2,624,528 |
|
|
|
2,652,706 |
|
Tenants escrow account |
|
|
1,694,568 |
|
|
|
1,607,935 |
|
Guaranteed rent payable |
|
|
282,950 |
|
|
|
286,394 |
|
Expired lease-back payable |
|
|
5,529,680 |
|
|
|
5,456,883 |
|
Buy-back payable |
|
|
4,152,344 |
|
|
|
4,186,382 |
|
Accrued liabilities for additional payables from lawsuits |
|
|
4,742,632 |
|
|
|
4,800,348 |
|
|
|
|
|
|
|
|
|
|
Union, housing, heating and others |
|
|
879,996 |
|
|
|
604,227 |
|
Total Other Payables |
|
$ |
19,906,698 |
|
|
$ |
19,594,875 |
|
| |
( us-gaap:OtherLiabilitiesTableTextBlock ) |
| |
|
(End Disclosure - Other Payables (Tables)) |
|
Disclosure - Related Party Transactions (Tables) |
Disclosure - Related Party Transactions (Tables) (USD $) |
12 Months Ended |
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Loan Payable to Related Party |
Loan payable to related party consists of
following as of December 31, 2019 and 2018:
|
|
2019 |
|
|
2018 |
|
Loan payable to DVDC |
|
$ |
10,594,843 |
|
|
$ |
10,723,778 |
|
Due to related individual |
|
|
1,339,948 |
|
|
|
792,502 |
|
Loan payable to related parties |
|
$ |
11,934,791 |
|
|
$ |
11,516,280 |
|
| |
( custom:ScheduleOfLoanPayableRelatedParty [Extension] ) |
| |
Schedule of Loan Payable to DVDC |
Loan payable to DVDC consists of following
at December 31, 2019 and 2018.
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Loan principal |
|
$ |
13,200,000 |
|
|
$ |
13,200,000 |
|
Advance payments for infrastructure construction |
|
|
(5,685,747 |
) |
|
|
(5,685,747 |
) |
Other payable to DVDC |
|
|
215,136 |
|
|
|
215,136 |
|
Net loan payable to DVDC in RMB |
|
|
7,729,389 |
|
|
|
7,729,389 |
|
Foreign exchange effect |
|
|
2,865,454 |
|
|
|
2,994,389 |
|
Net loan payable to DVDC in US$ |
|
$ |
10,594,843 |
|
|
$ |
10,723,778 |
|
| |
( custom:ScheduleOfLoanPayableTableTextBlock [Extension] ) |
| |
Schedule of Loan, Repayments and Accrued Interest to Sino Pride |
Loans, repayments and accrued interest payable
to Sino Pride as of December 31, 2019 and December 31, 2018 are as followed:
Loan Payable to Sino Pride |
|
|
|
Loan balance at December 31, 2017 |
|
$ |
13,503,748 |
|
Repayment in 2018 |
|
|
(200,000 |
) |
Loan balance at December 31, 2018 |
|
|
13,303,748 |
|
Repayment in 2019 |
|
|
- |
|
Loan balance at December 31, 2019 |
|
$ |
13,303,748 |
|
|
|
|
|
|
Interest Payable to Sino Pride |
|
|
|
|
Interest payable at 12/31/2017 |
|
$ |
7,451,973 |
|
Accrued interest in 2018 |
|
|
1,079,968 |
|
Repayments in 2018 |
|
|
- |
|
Interest payable - December 31, 2018 |
|
|
8,531,941 |
|
Accrued interest in 2019 |
|
|
1,079,083 |
|
Repayments in 2019 |
|
|
- |
|
Interest payable - December 31, 2019 |
|
$ |
9,611,024 |
|
| |
( us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock ) |
| |
|
(End Disclosure - Related Party Transactions (Tables)) |
|
Disclosure - Income Taxes (Tables) |
Disclosure - Income Taxes (Tables) (USD $) |
12 Months Ended |
( IncomeTaxDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Deferred Tax Assets |
At December 31, 2019 and December 31, 2018,
deferred tax assets consisted of:
|
|
December 31, |
|
|
December 31, |
|
|
|
2019 |
|
|
2018 |
|
|
|
(Unaudited) |
|
|
|
|
Net operating loss carry forwards |
|
|
|
|
|
|
|
|
Foreign operations |
|
$ |
13,366,178 |
|
|
$ |
18,153,562 |
|
US Operations |
|
|
560,079 |
|
|
|
242,670 |
|
Valuation allowance |
|
|
(13,926,257 |
) |
|
|
(18,396,232 |
) |
Deferred tax assets - net |
|
$ |
- |
|
|
$ |
- |
|
| |
( us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock ) |
| |
Schedule of Provisions for Income Taxes |
The provisions for income taxes for the twelve
months ended December 31, 2019 and 2018 are summarized as follows:
|
|
December 31, |
|
|
December 31, |
|
|
|
2019 |
|
|
2018 |
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
Current |
|
$ |
- |
|
|
$ |
- |
|
Deferred |
|
|
2,500,205 |
|
|
|
753,069 |
|
Change in valuation allowance |
|
|
(2,500,205 |
) |
|
|
(753,069 |
) |
Total |
|
$ |
- |
|
|
$ |
- |
|
| |
( us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock ) |
| |
Schedule of Effective Income Tax Rate Reconciliation |
The reconciliation of the Company’s effective
tax rate as a percentage of income before taxes and Federal statutory rates for the two years ended December 31, 2019 and 2018,
respectively, is as follows:
|
|
2019 |
|
|
2018 |
|
China |
|
|
|
|
|
|
|
|
US statutory tax rate |
|
|
21.00 |
% |
|
|
21.00 |
% |
Tax rate difference |
|
|
4.00 |
% |
|
|
4.00 |
% |
Changes in valuation allowance |
|
|
-25.00 |
% |
|
|
-25.00 |
% |
Effective rate |
|
|
0.00 |
% |
|
|
0.00 |
% |
| |
( us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock ) |
| |
|
(End Disclosure - Income Taxes (Tables)) |
|
Disclosure - Non-Controlling Interest (Tables) |
Disclosure - Non-Controlling Interest (Tables) (USD $) |
12 Months Ended |
( NoncontrollingInterestAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Non-Controlling Interest |
Non-controlling interest represents DVDC’s
20% equity ownership interest in DVPD and DVPD’s operating results including its 5% equity ownership interest in DVBM. Non-controlling
interest consisted of the following as of December 31, 2019 and December 31, 2018:
|
|
December 31, 2019 |
|
|
December 31, 2018 |
|
Non-controlling interest at beginning of the period |
|
$ |
(42,242,097 |
) |
|
$ |
(43,268,669 |
) |
Net loss |
|
|
(1,495,207 |
) |
|
|
(971,370 |
) |
Change in foreign currency translation adjustment |
|
|
436,517 |
|
|
|
1,997,942 |
) |
Non-controlling interest at end of the period |
|
$ |
(43,300,787 |
) |
|
$ |
(42,242,097 |
) |
| |
( us-gaap:ScheduleOfVariableInterestEntitiesTextBlock ) |
| |
|
(End Disclosure - Non-Controlling Interest (Tables)) |
|
Disclosure - Subsequent Events (Tables) |
Disclosure - Subsequent Events (Tables) (USD $) |
12 Months Ended |
( SubsequentEventsAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Schedule of Claims of Lawsuits |
Claims of Lawsuits as of the date of this Annual Report |
|
Store
Unit |
|
|
Square Feet |
|
|
Claimed
Amount in US$ |
|
Property buy- back related issues |
|
|
242 |
|
|
|
51,870 |
|
|
$ |
19,620,632 |
|
Leases and leases back related issues |
|
|
244 |
|
|
|
47,721 |
|
|
|
2,847,281 |
|
Other issues |
|
|
88 |
|
|
|
5,348 |
|
|
|
1,987,601 |
|
Total in RMB |
|
|
574 |
|
|
|
104,939 |
|
|
$ |
24,455,514 |
|
| |
( custom:ScheduleOfClaimsOfLawsuitsTableTextBlock [Extension] ) |
| |
Schedule of Settlement of Cases |
As of the date of this Annual Report, the Company
settled the following cases.
Resolved cases as of the date of this Annual Report |
|
Total Resolved Cases |
|
|
Cases
Resolved in 2019 |
|
|
Resolved after December 31, 2019 |
|
Property buy-back related issues |
|
|
238 |
|
|
|
184 |
|
|
|
- |
|
Leases payment related issues |
|
|
241 |
|
|
|
139 |
|
|
|
- |
|
Other issues |
|
|
77 |
|
|
|
64 |
|
|
|
1 |
|
Total resolved cases |
|
|
556 |
|
|
|
387 |
|
|
|
1 |
|
| |
( us-gaap:ScheduleOfLossContingenciesByContingencyTextBlock ) |
| |
|
(End Disclosure - Subsequent Events (Tables)) |
|
Disclosure - Organization and Segment Information (Details Narrative) |
Disclosure - Organization and Segment Information (Details Narrative) (USD $) |
|
|
|
|
|
|
|
|
8 Months Ended |
1 Month Ended |
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Sep. 12, 2000 |
Sep. 12, 2000 |
Jun. 6, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
Nov. 30, 2016 |
( us-gaap:BusinessAcquisitionAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Sino Pride Development Limited [Member] Dalian Victory Plaza Development Co, Ltd [Member] |
Sino Pride Development Limited [Member] Dalian Victory Business Management Co., Ltd. [Member] |
Sino Pride Development Limited [Member] |
Dalian Victory Plaza Development Co, Ltd [Member] |
Sino Pride Development Limited [Member] Dalian Victory Business Management Co., Ltd. [Member] |
Dalian Victory Plaza Development Co, Ltd [Member] Dalian Victory Business Management Co., Ltd. [Member] |
Sino Pride Development Limited [Member] Dalian Victory Plaza Development Co, Ltd [Member] |
Alex Brown [Member] |
Iven International Group Limited [Member] |
Assignment of Common Stocks and Debt Rights [Member] Sino Pride Development Limited [Member] |
( us-gaap:BusinessAcquisitionAcquireeDomain ) |
|
|
|
|
|
|
|
|
|
|
Equity ownership interest, percentage |
0.80 | |
0.95 | |
0.80 | |
0.20 | |
0.95 | |
0.05 | |
1.00 | |
1.00 | |
| |
| |
( us-gaap:EquityMethodInvestmentOwnershipPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Equity ownership percentage description |
| |
| |
| |
| |
| |
| |
| |
| |
Alex Brown beneficially owned 100% of Iven, among which, a 70% equity interest was held directly, and a 30% equity interest was held indirectly through Dalian Yiwen New Materials Technology Development Co., Ltd, a PRC entity 80% owned by Alex Brown and 20% owned by his spouse. | |
| |
( custom:EquityOwnershipPercentageDescription [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of shares acquired |
| |
| |
| |
| |
| |
| |
| |
| |
| |
30,000,000 | |
( us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Outstanding loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:OutstandingLoan [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Business acquired consideration transferred, description |
| |
| |
| |
| |
| |
| |
| |
| |
| |
HK$ 1 (approximately US$0.13) from VP Holding | |
( us-gaap:BusinessAcquisitionDescriptionOfAcquiredEntity ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Organization and Segment Information (Details Narrative) (USD $) |
|
|
0 Months Ended |
|
|
|
|
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract ) |
|
|
|
|
|
|
|
|
Nov. 30, 2016 |
Nov. 30, 2016 |
Sep. 4, 2017 |
Sep. 4, 2017 |
Sep. 4, 2017 |
Sep. 4, 2017 |
Sep. 4, 2017 |
( us-gaap:BusinessAcquisitionAxis ) |
|
|
|
|
|
|
|
|
Assignment of Common Stocks and Debt Rights [Member] Sino Pride Development Limited [Member] |
Mr. Brown. Iven [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Sino Pride Development Limited [Member] HKD Currency [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Sino Pride Development Limited [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Iven International Group Limited [Member] HKD Currency [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Iven International Group Limited [Member] |
( us-gaap:BusinessAcquisitionAcquireeDomain ) |
|
|
|
|
|
|
|
Equity ownership interest, percentage |
| |
1.00 | |
| |
| |
| |
| |
| |
( us-gaap:EquityMethodInvestmentOwnershipPercentage ) |
| |
| |
| |
| |
| |
| |
| |
Equity ownership percentage description |
| |
| |
| |
| |
| |
| |
| |
( custom:EquityOwnershipPercentageDescription [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Number of shares acquired |
| |
| |
30,000,000 | |
| |
| |
| |
| |
( us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued ) |
| |
| |
| |
| |
| |
| |
| |
Outstanding loan |
52,750,000 | |
| |
| |
493,807,633 | |
64,208,000 | |
408,409,628 | |
53,093,000 | |
( custom:OutstandingLoan [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Business acquired consideration transferred, description |
| |
| |
HK$ 1 (approximately US$0.13) from Iven | |
| |
| |
| |
| |
( us-gaap:BusinessAcquisitionDescriptionOfAcquiredEntity ) |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Organization and Segment Information (Details Narrative)) |
|
Disclosure - Going Concern (Details Narrative) |
Disclosure - Going Concern (Details Narrative) (USD $) |
12 Months Ended |
|
|
|
|
|
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract ) |
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( dei:LegalEntityAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Harbin Bank [Member] |
Three Loans [Member] |
RMB [Member] |
Dalian Victory Plaza Development Co, Ltd [Member] March 2, 2017 to March 1, 2019 [Member] |
( dei:EntityDomain ) |
|
|
|
|
|
|
|
Net loss |
(11,114,921 | ) |
(4,748,769 | ) |
| |
| |
| |
| |
| |
( us-gaap:ProfitLoss ) |
| |
| |
| |
| |
| |
| |
| |
Accumulated deficit |
| |
| |
(203,808,349 | )[c1] |
| |
| |
| |
| |
( us-gaap:RetainedEarningsAccumulatedDeficit ) |
| |
| |
| |
| |
| |
| |
| |
Unrestricted cash balance |
| |
| |
122,884 | |
| |
| |
| |
| |
( custom:UnrestrictedCashBalance [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Loans payable |
| |
| |
| |
67,257,262 | |
53,100,000 | |
50,000,000 | |
| |
( us-gaap:LoansPayable ) |
| |
| |
| |
| |
| |
| |
| |
Financing agreement payable |
| |
| |
77,464,781 | [c1] |
| |
| |
| |
| |
( us-gaap:FinancialServicesLiabilities ) |
| |
| |
| |
| |
| |
| |
| |
Lease liability payable |
| |
| |
521,264 | |
| |
| |
| |
| |
( custom:FinanceLeaseLiabilityAndOperatingLeaseLiability [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Expired lease-back payables |
| |
| |
5,529,680 | |
| |
| |
| |
| |
( custom:ExpiredLeasebackPayable [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Buy-back of payables |
| |
| |
4,152,344 | |
| |
| |
| |
| |
( custom:BuyBackOfPayable [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Number of lawsuits litigation cases |
565 | |
| |
| |
| |
| |
| |
| |
( custom:NumberOfLawsuitsLitigationCases [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Litigation payable |
24,820,625 | |
| |
| |
| |
| |
| |
| |
( us-gaap:LitigationSettlementExpense ) |
| |
| |
| |
| |
| |
| |
| |
Equity ownership interest, percentage |
| |
| |
| |
| |
| |
| |
0.05 | |
( us-gaap:EquityMethodInvestmentOwnershipPercentage ) |
| |
| |
| |
| |
| |
| |
| |
Estimated financing payables on lease |
| |
| |
92,410,701 | |
| |
| |
| |
| |
( custom:EstimatedFinancingPayablesOnLease [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Comments: |
c1. | | IGS - 04:21:04 PM, Friday, May 29, 2020 - Marked Unverified by GoFiler because the fact was deleted. |
|
(End Disclosure - Going Concern (Details Narrative)) |
|
Disclosure - Summary of Significant Accounting Policies (Details Narrative) |
Disclosure - Summary of Significant Accounting Policies (Details Narrative) (USD $) |
12 Months Ended |
|
|
( us-gaap:AccountingPoliciesAbstract ) |
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( srt:RangeAxis ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Minimum [Member] |
Maximum [Member] |
Group B and C Properties [Member] Unrelated Individuals and Entities [Member] |
Group D Properties [Member] Unrelated Individuals and Entities [Member] |
Group D Properties [Member] |
Group D Properties [Member] |
|
|
( srt:RangeMember ) |
|
|
|
|
|
|
|
|
|
|
Cumulative translation adjustment and effect of exchange rate changes on cash |
(2,242,729 | ) |
(3,739,981 | ) |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:EffectOfExchangeRateOnCash ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Gain loss from foreign currency transactions |
(271,447 | ) |
(1,220,769 | ) |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ForeignCurrencyTransactionGainLossRealized ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Description on rental properties |
Our Victory Plaza currently has 3,173 rental units. Among these rental properties, the Company owned 433 units, 814 units were sold but with buy-back options, and 1,926 units were sold with no repurchase options. The Company will lease back some of these sold properties and rent them out to tenants. All contracts include a lease and contain information on rental income and payment term.Rental income is reported in the gross amount including rent income from our owned properties and lease-back properties. A predominately majority of the rental income comes from our owned properties and a very limited portion , estimated at less than 3%, from the lease-back properties. Existing lease-back expenses were recorded as amortization and interest expenses. Expired lease-back expenses were included in the lease-back expenses. | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:DescriptionOnRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Property management fee income |
| |
| |
16 | |
20 | |
| |
| |
| |
| |
| |
| |
( us-gaap:PropertyManagementFeeRevenue ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage on ownership of rental properties |
| |
| |
| |
| |
0.15 | |
0.69 | |
| |
| |
| |
| |
( custom:PercentageOnOwnershipOfRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of outstanding leases |
| |
| |
| |
| |
| |
| |
2 | |
4 | |
| |
| |
( custom:NumberOfOutstandingLeases [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Lease payments description |
The present value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals or exceeds substantially all (90% or more) of the fair value of the underlying asset | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:LesseeFinanceLeaseDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Allowance for doubtful account |
| |
| |
| |
| |
| |
| |
| |
| |
632,768 | |
123,467 | |
( us-gaap:AllowanceForDoubtfulAccountsReceivable ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Impairment loss |
— | |
— | |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AssetImpairmentCharges ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Amortization of debt issuance costs |
55,190 | |
52,331 | |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AmortizationOfFinancingCosts ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling percentage |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByParent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Uncertain tax positions |
| |
| |
| |
| |
| |
| |
| |
| |
— | |
— | |
( us-gaap:UnrecognizedTaxBenefits ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Advertising expenses |
472 | |
680 | |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AdvertisingExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Summary of Significant Accounting Policies (Details Narrative) (USD $) |
|
( us-gaap:AccountingPoliciesAbstract ) |
|
|
Dec. 31, 2019 |
( srt:RangeAxis ) |
|
|
Dalian Victory Plaza Development Co, Ltd [Member] |
( srt:RangeMember ) |
|
Cumulative translation adjustment and effect of exchange rate changes on cash |
| |
( us-gaap:EffectOfExchangeRateOnCash ) |
| |
Gain loss from foreign currency transactions |
| |
( us-gaap:ForeignCurrencyTransactionGainLossRealized ) |
| |
Description on rental properties |
| |
( custom:DescriptionOnRentalProperties [Extension] ) |
| |
Property management fee income |
| |
( us-gaap:PropertyManagementFeeRevenue ) |
| |
Percentage on ownership of rental properties |
| |
( custom:PercentageOnOwnershipOfRentalProperties [Extension] ) |
| |
Number of outstanding leases |
| |
( custom:NumberOfOutstandingLeases [Extension] ) |
| |
Lease payments description |
| |
( us-gaap:LesseeFinanceLeaseDescription ) |
| |
Allowance for doubtful account |
| |
( us-gaap:AllowanceForDoubtfulAccountsReceivable ) |
| |
Impairment loss |
| |
( us-gaap:AssetImpairmentCharges ) |
| |
Amortization of debt issuance costs |
| |
( us-gaap:AmortizationOfFinancingCosts ) |
| |
Non-controlling percentage |
0.20 | |
( us-gaap:MinorityInterestOwnershipPercentageByParent ) |
| |
Uncertain tax positions |
| |
( us-gaap:UnrecognizedTaxBenefits ) |
| |
Advertising expenses |
| |
( us-gaap:AdvertisingExpense ) |
| |
|
(End Disclosure - Summary of Significant Accounting Policies (Details Narrative)) |
|
Disclosure - Summary of Significant Accounting Policies - Schedule of Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars (Details) |
Disclosure - Summary of Significant Accounting Policies - Schedule of Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars (Details) (USD $) |
12 Months Ended |
( us-gaap:AccountingPoliciesAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( srt:StatementScenarioAxis ) |
|
|
|
|
|
|
|
|
|
Year End [Member] RMB [Member] |
Year Average [Member] RMB [Member] |
Year End [Member] RMB [Member] |
Year Average [Member] RMB [Member] |
Year End [Member] HK [Member] |
Year Average [Member] HK [Member] |
Year End [Member] HK [Member] |
Year Average [Member] HK [Member] |
( srt:ScenarioUnspecifiedDomain ) |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
USD Exchange Rate |
6.9615 | |
6.9114 | |
6.8778 | |
6.6187 | |
7.7865 | |
7.8262 | |
7.8319 | |
7.8377 | |
( custom:ForeignCurrencyExchangeRateTranslation [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Summary of Significant Accounting Policies - Schedule of Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars (Details)) |
|
Disclosure - Summary of Significant Accounting Policies - Schedule of Ownership of Rental Properties (Details) |
Disclosure - Summary of Significant Accounting Policies - Schedule of Ownership of Rental Properties (Details) (USD $) |
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
( us-gaap:AccountingPoliciesAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( us-gaap:RealEstatePropertiesAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Group A Properties [Member] |
Group A Properties [Member] |
Group B Properties [Member] |
Group B Properties [Member] |
Group C Properties [Member] |
Group C Properties [Member] |
Group D Properties [Member] |
Group D Properties [Member] |
|
|
( us-gaap:RealEstatePropertiesDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Description of Property |
Owned with title by DVPD | |
| |
Sold properties with buy- back options or return is in process without paying off | |
| |
Properties with buy- back options transferred to SML in 2017 and 2018 | [1] |
| |
Sold properties | |
| |
Total properties | |
| |
( custom:DescriptionOfProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
% of Total SQ Ft |
| |
0.16 | |
| |
0.09 | |
| |
0.06 | [1] |
| |
0.69 | |
| |
1.00 | |
( custom:PercentageOfPropertyInSquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Financial Statement Presentation : Assets |
Rental properties | |
| |
Rental properties | |
| |
Rental properties | [1] |
| |
N/A | |
| |
| |
| |
( custom:DescriptionOnFinancialStatementPresentationAssets [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Financial Statement Presentation : Liabilities |
N/A | |
| |
Property financing agreements payable | |
| |
Loan payable SML | [1] |
| |
N/A | |
| |
| |
| |
( custom:DescriptionOnFinancialStatementPresentationLiabilities [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Footnotes: |
1. | | In the filing of Form S-1/A dated February 12, 2019, the Company had a C-2 property group category, "Third party has title acquired from previous owner". The purchase and sale transactions between previous owner and new owner - "third party" will not remove the burden of the Company to buy back the property per the buy-back options. The nature of C-2 group is the same as group B. Therefore, we removed group C-2 (approximately 1%) and combined it with Group B. |
|
(End Disclosure - Summary of Significant Accounting Policies - Schedule of Ownership of Rental Properties (Details)) |
|
Disclosure - Summary of Significant Accounting Policies - Schedule of Basic and Diluted Loss Per Share (Details) |
Disclosure - Summary of Significant Accounting Policies - Schedule of Basic and Diluted Loss Per Share (Details) (USD $) |
12 Months Ended |
( us-gaap:AccountingPoliciesAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Net loss attributable to the Company's common shareholders |
(9,619,713 | ) |
(3,777,399 | ) |
( us-gaap:NetIncomeLoss ) |
| |
| |
Basic weighted average common shares |
21,472,792 | |
20,700,000 | |
( us-gaap:WeightedAverageNumberOfSharesOutstandingBasic ) |
| |
| |
Diluted weighted average common shares |
21,472,792 | |
20,700,000 | |
( us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding ) |
| |
| |
|
(End Disclosure - Summary of Significant Accounting Policies - Schedule of Basic and Diluted Loss Per Share (Details)) |
|
Disclosure - Prepaid Expenses and Other Assets - Schedule of Prepaid Expenses and Other Assets (Details) |
Disclosure - Prepaid Expenses and Other Assets - Schedule of Prepaid Expenses and Other Assets (Details) (USD $) |
|
|
( custom:PrepaidExpensesAndOtherAssetsAbstract [Extension] ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Supplies on hands |
100,156 | |
79,478 | |
( us-gaap:Supplies ) |
| |
| |
Prepaid expenses |
331,454 | |
498,043 | |
( us-gaap:PrepaidExpenseCurrentAndNoncurrent ) |
| |
| |
Deposits |
95,224 | |
120,235 | |
( us-gaap:DepositsAssets ) |
| |
| |
Total prepaid expenses and other assets |
526,834 | |
697,756 | |
( us-gaap:PrepaidExpenseAndOtherAssets ) |
| |
| |
|
(End Disclosure - Prepaid Expenses and Other Assets - Schedule of Prepaid Expenses and Other Assets (Details)) |
|
Disclosure - Rental Properties, Net (Details Narrative) |
Disclosure - Rental Properties, Net (Details Narrative) (USD $) |
|
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
|
|
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Group D Property [Member] |
Group D Property [Member] |
Group D Property [Member] |
Group A Property [Member] |
Group A Property [Member] |
Group A Property [Member] |
Group A Property [Member] |
390M RMB Loan [Member] |
50M RMB Loan [Member] |
23M RMB Loan [Member] |
( srt:MortgageLoansOnRealEstateNamePropertyTypeDomain ) |
|
|
|
|
|
|
|
|
|
|
Rental properties |
920,943 | |
974,548 | |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RentalProperties ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of rental properties, square feet |
1,023,519 | |
| |
| |
240,455 | |
| |
240,799 | |
| |
200,747 | |
22,098 | |
| |
( us-gaap:NetRentableArea ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of land |
95,088 | |
| |
| |
22,339 | |
| |
22,371 | |
| |
18,650 | |
2,053 | |
| |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of rental properties |
| |
| |
0.69 | |
| |
0.16 | |
| |
0.16 | |
| |
| |
| |
( custom:PercentageOfRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan collateral amount |
| |
| |
| |
| |
| |
| |
| |
56,200,000 | |
7,200,000 | |
3,500,000 | |
( us-gaap:DebtInstrumentCollateralAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage for lease |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:PercentageForLease [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Terms of land use rights |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:TermsOfLandUseRights [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Expiration of land use rights |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:ExpirationOfLandUseRight [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Estimated useful life |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:EstimatedUsefulLifeofRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of properties sold |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:NumberOfPropertiesSold [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Realized a gain from the sales |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:GainLossOnSaleOfProperties ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Rental Properties, Net (Details Narrative) (USD $) |
|
12 Months Ended |
|
12 Months Ended |
|
|
12 Months Ended |
|
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Group B Property [Member] |
Group B Property [Member] |
Group B Property [Member] |
Group B Property [Member] |
SML Financing Agreement [Member] |
SML Financing Agreement [Member] |
SML Financing Agreement [Member] |
|
Third Parties [Member] |
Third Parties [Member] |
( srt:MortgageLoansOnRealEstateNamePropertyTypeDomain ) |
|
|
|
|
|
|
|
|
|
|
Rental properties |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RentalProperties ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of rental properties, square feet |
130,349 | |
| |
130,049 | |
| |
| |
86,251 | |
86,251 | |
| |
| |
7,460 | |
( us-gaap:NetRentableArea ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of land |
12,114 | |
| |
12,082 | |
| |
| |
8,013 | |
8,013 | |
| |
| |
693 | |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of rental properties |
| |
0.09 | |
| |
0.09 | |
| |
| |
| |
| |
| |
| |
( custom:PercentageOfRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan collateral amount |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentCollateralAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage for lease |
| |
| |
| |
| |
0.08 | |
| |
| |
| |
| |
| |
( custom:PercentageForLease [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Terms of land use rights |
| |
| |
| |
| |
| |
| |
| |
P50Y | |
| |
| |
( custom:TermsOfLandUseRights [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Expiration of land use rights |
| |
| |
| |
| |
| |
| |
| |
The land use rights expire in May 2043 | |
| |
| |
( custom:ExpirationOfLandUseRight [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Estimated useful life |
| |
| |
| |
| |
| |
| |
| |
P45Y | |
| |
| |
( custom:EstimatedUsefulLifeofRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of properties sold |
| |
| |
| |
| |
| |
| |
| |
| |
26 | |
| |
( custom:NumberOfPropertiesSold [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Realized a gain from the sales |
| |
| |
| |
| |
| |
| |
| |
| |
1,340,035 | |
| |
( us-gaap:GainLossOnSaleOfProperties ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Rental Properties, Net (Details Narrative)) |
|
Disclosure - Rental Properties, Net - Schedule of Rental Properties (Details) |
Disclosure - Rental Properties, Net - Schedule of Rental Properties (Details) (USD $) |
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
|
12 Months Ended |
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( us-gaap:RealEstatePropertiesAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Group A [Member] |
Group A [Member] |
Group B [Member] |
Group B [Member] |
Group C [Member] |
Group C [Member] |
Group D [Member] |
Group D [Member] |
|
Group A [Member] |
( us-gaap:RealEstatePropertiesDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Description of property |
Owned by DVPD | |
| |
Sold properties with buy- back options or return is in process without paying off | |
| |
Properties with buy- back options transferred to SML in 2017 and 2018 | [1] |
| |
Sold properties without buy- back options | |
| |
| |
Owned by DVPD | |
( custom:DescriptionOfProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Cost of rental property |
| |
21,704,162 | |
| |
11,703,248 | |
| |
7,660,568 | [1] |
| |
| |
| |
| |
( custom:CostOfRentalProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
In Square Feet |
| |
240,455 | |
| |
130,394 | |
| |
86,251 | [1] |
| |
1,023,519 | |
1,480,618 | |
| |
( us-gaap:NetRentableArea ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
% of Total Square Feet |
| |
0.16 | |
| |
0.09 | |
| |
0.06 | [1] |
| |
0.69 | |
1.00 | |
| |
( custom:PercentageOfPropertyInSquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Units |
| |
433 | |
| |
495 | |
| |
319 | [1] |
| |
1,926 | |
3,173 | |
| |
( custom:UnitsOfProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties at cost |
| |
| |
| |
| |
| |
| |
| |
| |
41,067,978 | |
| |
( custom:RentalPropertiesAtCost [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Less: Accumulated depreciation |
| |
| |
| |
| |
| |
| |
| |
| |
(19,733,963 | ) |
| |
( custom:RentalPropertiesAccumulatedDepreciation [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental Properties, net |
| |
| |
| |
| |
| |
| |
| |
| |
21,334,015 | |
| |
( us-gaap:RentalProperties ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Rental Properties, Net - Schedule of Rental Properties (Details) (USD $) |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
|
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:RealEstatePropertiesAxis ) |
|
|
|
|
|
|
|
|
|
Group A [Member] |
Group B [Member] |
Group B [Member] |
Group C [Member] |
Group C [Member] |
Group D [Member] |
Group D [Member] |
|
( us-gaap:RealEstatePropertiesDomain ) |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
Description of property |
| |
Sold properties with buy- back options or return is in process without paying off | |
| |
Properties with buy- back options transferred to SML in 2017 and 2018 | [1] |
| |
Sold properties without buy- back options | |
| |
| |
( custom:DescriptionOfProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Cost of rental property |
21,968,292 | |
| |
11,845,672 | |
| |
7,753,794 | [1] |
| |
— | |
| |
( custom:CostOfRentalProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
In Square Feet |
240,799 | |
| |
130,049 | |
| |
86,251 | [1] |
| |
1,023,519 | |
1,480,618 | |
( us-gaap:NetRentableArea ) |
| |
| |
| |
| |
| |
| |
| |
| |
% of Total Square Feet |
0.16 | |
| |
0.09 | |
| |
0.06 | [1] |
| |
0.69 | |
1.00 | |
( custom:PercentageOfPropertyInSquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Units |
434 | |
| |
493 | |
| |
319 | [1] |
| |
1,927 | |
3,173 | |
( custom:UnitsOfProperty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties at cost |
| |
| |
| |
| |
| |
| |
| |
41,567,758 | |
( custom:RentalPropertiesAtCost [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Less: Accumulated depreciation |
| |
| |
| |
| |
| |
| |
| |
(19,048,676 | ) |
( custom:RentalPropertiesAccumulatedDepreciation [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Rental Properties, net |
| |
| |
| |
| |
| |
| |
| |
22,519,082 | |
( us-gaap:RentalProperties ) |
| |
| |
| |
| |
| |
| |
| |
| |
Footnotes: |
1. | | See Note 10, Property Financing Agreement Payable |
|
(End Disclosure - Rental Properties, Net - Schedule of Rental Properties (Details)) |
|
Disclosure - Rental Properties, Net - Schedule of Expected Future Minimum Rents (Details) |
Disclosure - Rental Properties, Net - Schedule of Expected Future Minimum Rents (Details) (USD $) |
|
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
2020 |
679,390 | |
( custom:OperatingLeaseFutureMinimumPaymentsReceivableCurrent [Extension] ) |
| |
2021 |
653,146 | |
( custom:OperatingLeaseFutureMinimumPaymentsReceivableInTwoYears [Extension] ) |
| |
2022 |
63,497 | |
( custom:OperatingLeaseFutureMinimumPaymentsReceivableInThreeYears [Extension] ) |
| |
2023 |
7,182 | |
( custom:OperatingLeaseFutureMinimumPaymentsReceivableInFourYears [Extension] ) |
| |
Total |
1,403,215 | |
( custom:OperatingLeaseFutureMinimumPaymentsReceivable [Extension] ) |
| |
|
(End Disclosure - Rental Properties, Net - Schedule of Expected Future Minimum Rents (Details)) |
|
Disclosure - Rental Properties, Net - Schedule of Sale of Rental Properties Gain (Details) |
Disclosure - Rental Properties, Net - Schedule of Sale of Rental Properties Gain (Details) (Third Parties [Member], USD $) |
12 Months Ended |
( custom:RentalPropertiesNetAbstract [Extension] ) |
|
|
Dec. 31, 2018 |
( us-gaap:RelatedPartyTransactionsByRelatedPartyAxis ) |
|
|
|
( us-gaap:RelatedPartyDomain ) |
|
Sales price |
2,098,071 | |
( custom:SalesPriceOfRentalProperties [Extension] ) |
| |
Less: carrying costs |
(610,365 | ) |
( custom:RentalPropertiesCarryingCosts [Extension] ) |
| |
Add: accumulated depreciation |
279,703 | |
( custom:PropertiesAccumulatedDepreciation [Extension] ) |
| |
Other cost adjustments |
(427,374 | ) |
( custom:OtherCostAdjustmentsOfProperties [Extension] ) |
| |
Net Gain |
1,340,035 | |
( us-gaap:GainLossOnSaleOfProperties ) |
| |
|
(End Disclosure - Rental Properties, Net - Schedule of Sale of Rental Properties Gain (Details)) |
|
Disclosure - Property and Equipment (Details Narrative) |
Disclosure - Property and Equipment (Details Narrative) (USD $) |
12 Months Ended |
( PropertyPlantAndEquipmentAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Depreciation expense |
222,813 | |
226,603 | |
( us-gaap:Depreciation ) |
| |
| |
|
(End Disclosure - Property and Equipment (Details Narrative)) |
|
Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) |
Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) (USD $) |
12 Months Ended |
|
|
( us-gaap:PropertyPlantAndEquipmentAbstract ) |
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Rental Property [Member] |
Office Equipment [Member] Minimum [Member] |
Office Equipment [Member] Maximum [Member] |
Business Machinery and Equipment [Member] Minimum [Member] |
Business Machinery and Equipment [Member] Maximum [Member] |
Auto [Member] |
Improvements [Member] Minimum [Member] |
Improvements [Member] Maximum [Member] |
Rental Property [Member] |
Office Equipment [Member] |
( us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
|
|
|
|
|
|
Estimated Useful Life |
P45Y | |
P3Y | |
P5Y | |
P5Y | |
P10Y | |
P5Y | |
P5Y | |
P10Y | |
| |
| |
( us-gaap:PropertyPlantAndEquipmentUsefulLife ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Total properties, machinery and equipment |
| |
| |
| |
| |
| |
| |
| |
| |
218,482 | |
319,359 | |
( us-gaap:PropertyPlantAndEquipmentGross ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Less: accumulated depreciation and amortization |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Property and equipment, net |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:PropertyPlantAndEquipmentNet ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) (USD $) |
|
|
|
|
|
|
|
|
|
|
( us-gaap:PropertyPlantAndEquipmentAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Business Machinery and Equipment [Member] |
Auto [Member] |
Improvements [Member] |
|
Rental Property [Member] |
Office Equipment [Member] |
Business Machinery and Equipment [Member] |
Auto [Member] |
Improvements [Member] |
|
( us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
|
|
|
|
|
|
Estimated Useful Life |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:PropertyPlantAndEquipmentUsefulLife ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Total properties, machinery and equipment |
2,944,603 | |
24,574 | |
9,997,516 | |
13,504,534 | |
221,140 | |
324,623 | |
2,969,180 | |
24,873 | |
10,118,913 | |
13,658,729 | |
( us-gaap:PropertyPlantAndEquipmentGross ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Less: accumulated depreciation and amortization |
| |
| |
| |
(13,074,471 | ) |
| |
| |
| |
| |
| |
(13,024,140 | ) |
( us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Property and equipment, net |
| |
| |
| |
430,063 | |
| |
| |
| |
| |
| |
634,589 | |
( us-gaap:PropertyPlantAndEquipmentNet ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Property and Equipment - Schedule of Property and Equipment (Details)) |
|
Disclosure - Intangible Assets (Details Narrative) |
Disclosure - Intangible Assets (Details Narrative) (USD $) |
12 Months Ended |
( us-gaap:GoodwillAndIntangibleAssetsDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Amortization expense |
5,201 | |
3,171 | |
( us-gaap:AmortizationOfIntangibleAssets ) |
| |
| |
|
(End Disclosure - Intangible Assets (Details Narrative)) |
|
Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) |
Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) (Management Software [Member], USD $) |
12 Months Ended |
|
|
( us-gaap:GoodwillAndIntangibleAssetsDisclosureAbstract ) |
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis ) |
|
|
|
|
|
|
|
( us-gaap:FiniteLivedIntangibleAssetsMajorClassNameDomain ) |
|
|
|
Estimated Useful Life |
P5Y | |
| |
| |
( us-gaap:FiniteLivedIntangibleAssetUsefulLife ) |
| |
| |
| |
Total Intangible Assets |
| |
25,819 | |
26,134 | |
( us-gaap:FiniteLivedIntangibleAssetsGross ) |
| |
| |
| |
Less: accumulated amortization |
| |
(8,179 | ) |
(3,051 | ) |
( us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization ) |
| |
| |
| |
Intangible assets, net |
| |
17,640 | |
23,083 | |
( us-gaap:FiniteLivedIntangibleAssetsNet ) |
| |
| |
| |
|
(End Disclosure - Intangible Assets - Schedule of Intangible Assets (Details)) |
|
Disclosure - Right of Use Assets (Details Narrative) |
Disclosure - Right of Use Assets (Details Narrative) (USD $) |
12 Months Ended |
0 Months Ended |
|
12 Months Ended |
( custom:RightOfUseAssetsAbstract [Extension] ) |
|
|
|
|
|
Dec. 31, 2019 |
Mar. 27, 2018 |
Mar. 27, 2018 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease payments description |
The present value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals or exceeds substantially all (90% or more) of the fair value of the underlying asset | |
| |
| |
| |
( us-gaap:LesseeFinanceLeaseDescription ) |
| |
| |
| |
| |
Lease expire date |
| |
2020-03-26 | |
| |
2020-03-26 | |
( us-gaap:LeaseExpirationDate1 ) |
| |
| |
| |
| |
Percentage for lease payment |
| |
| |
0.0525 | |
| |
( us-gaap:LesseeOperatingLeaseDiscountRate ) |
| |
| |
| |
| |
Lease description |
6 and 15 lease-back leases that expired | |
| |
| |
6 and 15 lease-back leases that expired | |
( us-gaap:LessorOperatingLeaseDescription ) |
| |
| |
| |
| |
Amortization of ROU |
38,040 | |
| |
| |
110,602 | |
( custom:AmortizationOfRightOfUseAsset [Extension] ) |
| |
| |
| |
| |
Operating lease expense |
291,549 | |
| |
| |
235,623 | |
( custom:OperatingLeasesExpense [Extension] ) |
| |
| |
| |
| |
Short term lease rent expense |
307,505 | |
| |
| |
268,778 | |
( custom:ShortTermLeaseRentExpense [Extension] ) |
| |
| |
| |
| |
|
(End Disclosure - Right of Use Assets (Details Narrative)) |
|
Disclosure - Right of Use Assets - Schedule of Lease Liability Maturity (Details) |
Disclosure - Right of Use Assets - Schedule of Lease Liability Maturity (Details) (Operating Lease [Member], USD $) |
|
( custom:RightOfUseAssetsAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
( us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
( us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
2020 |
210,946 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths ) |
| |
2021 |
191,530 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo ) |
| |
2022 |
118,788 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree ) |
| |
Thereafter |
— | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour ) |
| |
Total Lease Liability maturities |
521,264 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue ) |
| |
|
(End Disclosure - Right of Use Assets - Schedule of Lease Liability Maturity (Details)) |
|
Disclosure - Right of Use Assets - Schedule of Right of Use Assets (Details) |
Disclosure - Right of Use Assets - Schedule of Right of Use Assets (Details) (USD $) |
|
|
|
|
|
|
|
|
( custom:RightOfUseAssetsAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
|
|
|
|
|
Financing Lease B [Member] |
Financing Lease D [Member] |
Operating Leases [Member] |
|
Financing Lease B [Member] |
Financing Lease D [Member] |
Operating Leases [Member] |
|
( us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
Lease units |
1 | |
— | |
2 | |
3 | |
4 | |
4 | |
1 | |
9 | |
( custom:LeaseUnit1 [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
ROU Assets |
61,261 | |
— | |
564,865 | |
626,126 | |
315,067 | |
247,730 | |
597,889 | |
1,160,686 | |
( custom:OperatingandFinanceLeaseRightOfUseAssetGross [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Accumulated Depreciation |
(60,166 | ) |
— | |
(81,782 | ) |
(141,948 | ) |
(284,848 | ) |
(237,948 | ) |
(214,985 | ) |
(737,781 | ) |
( custom:AccumulatedDepreciationDepletionAndAmortizationRighToUseAssets [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
ROU, Net |
1,095 | |
— | |
483,083 | |
484,178 | |
30,219 | |
9,782 | |
382,904 | |
422,905 | |
( us-gaap:OperatingLeaseRightOfUseAsset ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Right of Use Assets - Schedule of Right of Use Assets (Details)) |
|
Disclosure - Short-Term Loan and Interest Receivable (Details Narrative) |
Disclosure - Short-Term Loan and Interest Receivable (Details Narrative) (USD $) |
|
|
3 Months Ended |
9 Months Ended |
|
|
|
|
|
1 Month Ended |
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Jun. 28, 2018 |
Jun. 28, 2018 |
Sep. 30, 2018 |
Jun. 30, 2019 |
Dec. 31, 2019 |
Jun. 30, 2019 |
Jun. 30, 2019 |
Jun. 30, 2019 |
Jun. 30, 2019 |
Jun. 30, 2019 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] RMB [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] October 1, 2018 to September 30, 2019 [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] Minimum [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] RMB [Member] Minimum [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] Maximum [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] RMB [Member] Maximum [Member] |
RMB 50M Loan [Member] Zhong Ke Chuang Zhan Investment, Ltd [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
Maximum borrowed loan |
50,000,000 | |
7,265,647 | |
| |
| |
| |
7,182,360 | |
50,000,000 | |
10,773,540 | |
75,000,000 | |
| |
( us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest date |
| |
| |
0.02 | |
0.007 | |
| |
| |
| |
| |
| |
| |
( us-gaap:LineOfCreditFacilityInterestRateDuringPeriod ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Short term loan principal amount |
| |
| |
| |
| |
7,500,000 | |
| |
| |
| |
| |
| |
( us-gaap:ShortTermBorrowings ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date |
| |
| |
| |
| |
| |
| |
| |
| |
| |
2020-09-30 | |
( us-gaap:LineOfCreditFacilityExpirationDate1 ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Reserve allowance |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:ReserveAllowance [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Short-Term Loan and Interest Receivable (Details Narrative) (USD $) |
( us-gaap:DebtDisclosureAbstract ) |
|
Jun. 30, 2019 |
Jun. 30, 2019 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
RMB [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
Maximum borrowed loan |
| |
| |
( us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity ) |
| |
| |
Loan interest date |
| |
| |
( us-gaap:LineOfCreditFacilityInterestRateDuringPeriod ) |
| |
| |
Short term loan principal amount |
| |
| |
( us-gaap:ShortTermBorrowings ) |
| |
| |
Loan maturity date |
| |
| |
( us-gaap:LineOfCreditFacilityExpirationDate1 ) |
| |
| |
Reserve allowance |
2,606,349 | |
18,144,100 | |
( custom:ReserveAllowance [Extension] ) |
| |
| |
|
(End Disclosure - Short-Term Loan and Interest Receivable (Details Narrative)) |
|
Disclosure - Bank Loans Payable (Details Narrative) |
Disclosure - Bank Loans Payable (Details Narrative) (USD $) |
0 Months Ended |
|
|
0 Months Ended |
|
12 Months Ended |
0 Months Ended |
|
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
Jul. 20, 2014 |
Jul. 20, 2014 |
Jul. 20, 2014 |
Oct. 24, 2015 |
Oct. 24, 2015 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Aug. 17, 2017 |
Jul. 20, 2014 |
Dec. 31, 2019 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
390M RMB Loan [Member] |
390M RMB Loan [Member] |
390M RMB Loan [Member] RMB [Member] |
390M RMB Loan [Member] |
390M RMB Loan [Member] |
RMB 390M Loan [Member] |
RMB 390M Loan [Member] |
RMB 390M Loan [Member] |
RMB 390M Loan [Member] RMB [Member] |
RMB 390M Loan [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
Loan term |
P10Y | |
| |
| |
P5Y | |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentTerm ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Bank loans payable |
| |
56,022,409 | |
390,000,000 | |
| |
| |
| |
| |
| |
| |
55,519,644 | |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest float rate |
| |
1.20 | |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:LoanInterestFloatRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate per annum |
| |
| |
| |
| |
0.049 | |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Debt effective interest rate |
| |
| |
| |
| |
| |
0.0588 | |
0.0590 | |
| |
| |
| |
( custom:DebtEffectiveInterestRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date |
2024-06-19 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentMaturityDate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date, description |
| |
| |
| |
| |
| |
| |
| |
(i) to extend the maturity date of the RMB 390M Loan from July 19, 2024 to July 18, 2027; (ii) to extend the initial monthly repayment date from August 20, 2017 to July 20, 2020, however, during the extended period | |
| |
| |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayment of loan |
72,015 | |
| |
| |
| |
| |
| |
| |
| |
500,000 | |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued principle and interest amount |
| |
| |
| |
| |
| |
2,700,000 | |
| |
| |
| |
| |
( custom:AccruedPrincipleAndInterestAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of land |
| |
| |
| |
| |
| |
| |
| |
| |
| |
18,650 | |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties owned by the company, square feet |
| |
| |
| |
| |
| |
| |
| |
| |
| |
200,747 | |
( custom:RentalPropertiesOwnedByCompanySquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of damages |
| |
| |
| |
| |
| |
| |
| |
| |
| |
0.20 | |
( custom:PercentageOfDamages [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Long term borrowing |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:LongTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Proceeds from short term loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromShortTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Weighted average short-term loan balance |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ShorttermDebtAverageOutstandingAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpenseDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable (Details Narrative) (USD $) |
|
|
|
|
|
0 Months Ended |
|
12 Months Ended |
0 Months Ended |
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Mar. 24, 2015 |
Mar. 24, 2015 |
Oct. 24, 2015 |
Oct. 24, 2015 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Mar. 24, 2015 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
RMB 390M Loan [Member] RMB [Member] |
RMB 390M Loan [Member] |
RMB 390M Loan [Member] RMB [Member] |
RMB 50M Loan [Member] |
RMB 50M Loan [Member] RMB [Member] |
RMB 50M Loan [Member] |
RMB 50M Loan [Member] |
RMB 50M Loan [Member] |
RMB 50M Loan [Member] |
RMB 50M Loan [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
Loan term |
| |
| |
| |
| |
| |
P5Y | |
| |
| |
| |
| |
( us-gaap:DebtInstrumentTerm ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Bank loans payable |
386,500,000 | |
56,267,993 | |
387,000,000 | |
7,182,360 | |
50,000,000 | |
| |
| |
| |
| |
| |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest float rate |
| |
| |
| |
1.20 | |
| |
| |
| |
| |
| |
| |
( custom:LoanInterestFloatRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate per annum |
| |
| |
| |
| |
| |
| |
0.049 | |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Debt effective interest rate |
| |
| |
| |
| |
| |
| |
| |
0.0589 | |
0.0588 | |
| |
( custom:DebtEffectiveInterestRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date |
| |
| |
| |
| |
| |
| |
| |
| |
| |
2024-07-19 | |
( us-gaap:DebtInstrumentMaturityDate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date, description |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayment of loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued principle and interest amount |
| |
| |
| |
| |
| |
| |
| |
800,000 | |
| |
| |
( custom:AccruedPrincipleAndInterestAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of land |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties owned by the company, square feet |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:RentalPropertiesOwnedByCompanySquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of damages |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:PercentageOfDamages [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Long term borrowing |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:LongTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Proceeds from short term loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromShortTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Weighted average short-term loan balance |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ShorttermDebtAverageOutstandingAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpenseDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable (Details Narrative) (USD $) |
|
|
|
|
|
|
|
|
0 Months Ended |
|
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 21, 2017 |
Dec. 21, 2017 |
Dec. 28, 2017 |
Dec. 28, 2017 |
Dec. 28, 2017 |
Jan. 19, 2018 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
RMB 50M Loan [Member] |
RMB 50M Loan [Member] RMB [Member] |
RMB 50M Loan [Member] |
RMB 50M Loan [Member] RMB [Member] |
RMB 23M Loan [Member] |
RMB 23M Loan [Member] RMB [Member] |
RMB 23M Loan [Member] |
RMB 23M Loan [Member] RMB [Member] |
RMB 23M Loan [Member] |
RMB 23M Loan [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
Loan term |
| |
| |
| |
| |
| |
| |
| |
| |
P1Y | |
| |
( us-gaap:DebtInstrumentTerm ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Bank loans payable |
4,104,206 | |
28,571,429 | |
4,348,878 | |
29,910,714 | |
3,534,383 | |
23,000,000 | |
| |
| |
| |
1,690,357 | |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest float rate |
| |
| |
| |
| |
0.065 | |
| |
| |
| |
| |
| |
( custom:LoanInterestFloatRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate per annum |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Debt effective interest rate |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:DebtEffectiveInterestRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date |
| |
| |
| |
| |
| |
| |
| |
| |
2018-12-20 | |
| |
( us-gaap:DebtInstrumentMaturityDate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date, description |
| |
| |
| |
| |
| |
| |
| |
| |
The term of the loan was one year and was due on December 20, 2018. | |
| |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayment of loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued principle and interest amount |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AccruedPrincipleAndInterestAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of land |
2,053 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties owned by the company, square feet |
22,098 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:RentalPropertiesOwnedByCompanySquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of damages |
0.20 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:PercentageOfDamages [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Long term borrowing |
| |
| |
| |
| |
| |
| |
1,844,026 | |
12,000,000 | |
| |
| |
( us-gaap:LongTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Proceeds from short term loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromShortTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Weighted average short-term loan balance |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ShorttermDebtAverageOutstandingAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpenseDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable (Details Narrative) (USD $) |
|
0 Months Ended |
12 Months Ended |
|
0 Months Ended |
|
12 Months Ended |
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
Jan. 19, 2018 |
Jan. 19, 2018 |
Dec. 31, 2019 |
Sep. 27, 2018 |
Sep. 27, 2018 |
Sep. 27, 2018 |
Mar. 26, 2019 |
Mar. 26, 2019 |
Mar. 26, 2019 |
Dec. 31, 2019 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
RMB 23M Loan [Member] RMB [Member] |
RMB 23M Loan [Member] |
RMB 23M Loan [Member] |
Harbin Bank [Member] RMB 19.9M Loan [Member] |
Harbin Bank [Member] RMB 19.9M Loan [Member] |
Harbin Bank [Member] RMB [Member] RMB 19.9M Loan [Member] |
Harbin Bank [Member] RMB 10.24M Loan [Member] |
Harbin Bank [Member] RMB 10.24M Loan [Member] RMB [Member] |
Harbin Bank [Member] RMB 10.24M Loan [Member] |
Short-Terms Loans [Member] RMB [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
Loan term |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentTerm ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Bank loans payable |
11,000,000 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest float rate |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:LoanInterestFloatRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate per annum |
| |
| |
| |
0.0650 | |
| |
| |
| |
| |
0.0650 | |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Debt effective interest rate |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:DebtEffectiveInterestRate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date |
| |
| |
| |
| |
2019-09-12 | |
| |
2020-03-11 | |
| |
| |
| |
( us-gaap:DebtInstrumentMaturityDate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date, description |
| |
DVPD may choose to extend the term of the loan after obtaining prior written consent from the Bank at least 15 days prior to the maturity date | |
The Bank and the Company are currently discussing potential extension of the term of the RMB 23M Loan to December 31, 2020 (the "RMB 23M Loan Extension"). However, there is no assurance or certainty that such RMB 23M Loan Extension will be granted. | |
| |
| |
| |
On March 26, 2019, DVPD borrowed $1,470,947 (RMB10,240,000) in a short-term loan from Harbin Bank (the âRMB 10.24M Loanâ, together with the RMB 23M Loan and RMB 19.9M Loan, the âLiquidity Loan Balance Dueâ). The loan requires interest at 6.50% per annum and expires on March 11, 2020. | |
| |
| |
| |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayment of loan |
| |
| |
| |
| |
| |
| |
| |
| |
| |
23,000,000 | |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued principle and interest amount |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AccruedPrincipleAndInterestAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of land |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties owned by the company, square feet |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:RentalPropertiesOwnedByCompanySquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of damages |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:PercentageOfDamages [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Long term borrowing |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:LongTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Proceeds from short term loan |
| |
| |
| |
| |
2,891,727 | |
19,900,000 | |
1,433,491 | |
10,240,000 | |
| |
| |
( us-gaap:ProceedsFromShortTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Weighted average short-term loan balance |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ShorttermDebtAverageOutstandingAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpenseDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable (Details Narrative) (USD $) |
( us-gaap:DebtDisclosureAbstract ) |
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
Short-Terms Loans One [Member] RMB [Member] |
Short-Terms Loans Two [Member] RMB [Member] |
|
|
RMB 50M Loan [Member] RMB [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
Loan term |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentTerm ) |
| |
| |
| |
| |
| |
Bank loans payable |
| |
| |
| |
| |
| |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
Loan interest float rate |
| |
| |
| |
| |
| |
( custom:LoanInterestFloatRate [Extension] ) |
| |
| |
| |
| |
| |
Loan interest rate per annum |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
Debt effective interest rate |
| |
| |
0.0650 | |
0.0650 | |
| |
( custom:DebtEffectiveInterestRate [Extension] ) |
| |
| |
| |
| |
| |
Loan maturity date |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentMaturityDate ) |
| |
| |
| |
| |
| |
Loan maturity date, description |
| |
| |
| |
| |
The Bank and the Company are currently discussing potential grant to convert the principal and interests due, including the RMB 390M Loan Balance Due, the RMB 50M Loan Balance Due, and the Liquidity Loan Balance Due into a new loan and an additional liquidity loans in an amount of RMB 50 million (collectively, the âRefinancing Loansâ). The collateral for the potential RMB 50 million loan will be the remaining values of same collateral for the RMB 390M Loan and RMB 50M Loan but ranking junior to the RMB 390MB Loan and RMB 50M Loan. In addition, the Company has been negotiating with the Bank for a waiver of the penalty for late payment of related loan interest (the âPenalty Waiverâ). The Company has already submitted the application for the Refinancing Loans at the request of the Bank. It usually takes about 2 to 3 months for the Bank to review and approve the Refinancing Loans and the Penalty Waiver which can be potentially longer as a result of the outbreak of the COVID-19. However, there is no assurance or certainty that such Refinancing Loans or Penalty Waiver will be approved by the Bank. | |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
| |
| |
| |
Repayment of loan |
19,900,000 | |
10,240,000 | |
| |
| |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
Accrued principle and interest amount |
| |
| |
| |
| |
| |
( custom:AccruedPrincipleAndInterestAmount [Extension] ) |
| |
| |
| |
| |
| |
Area of land |
| |
| |
| |
| |
| |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
Rental properties owned by the company, square feet |
| |
| |
| |
| |
| |
( custom:RentalPropertiesOwnedByCompanySquareFeet [Extension] ) |
| |
| |
| |
| |
| |
Percentage of damages |
| |
| |
| |
| |
| |
( custom:PercentageOfDamages [Extension] ) |
| |
| |
| |
| |
| |
Long term borrowing |
| |
| |
| |
| |
| |
( us-gaap:LongTermDebt ) |
| |
| |
| |
| |
| |
Proceeds from short term loan |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromShortTermDebt ) |
| |
| |
| |
| |
| |
Weighted average short-term loan balance |
| |
| |
7,388,091 | |
4,046,028 | |
| |
( us-gaap:ShorttermDebtAverageOutstandingAmount ) |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
4,147,614 | |
4,131,313 | |
| |
( us-gaap:InterestExpenseDebt ) |
| |
| |
| |
| |
| |
|
(End Disclosure - Bank Loans Payable (Details Narrative)) |
|
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) |
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (USD $) |
|
|
|
|
|
|
|
|
|
|
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:DebtInstrumentAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 09/27/2019 - In default [Member] |
Interest at 6.50% per annum, payable 03/11/2020 In Default [Member] |
|
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 09/27/2019 - In default [Member] |
( us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
|
|
|
|
|
Total Principal |
55,519,644 | |
4,104,206 | |
3,303,885 | |
2,858,579 | |
1,470,948 | |
67,257,262 | |
56,267,993 | |
4,348,878 | |
3,344,093 | |
2,893,367 | |
( us-gaap:LongTermDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Less: Unamortized debt issuance cost in connection with Harbin Bank Loans |
| |
| |
| |
| |
| |
(335,849 | ) |
| |
| |
| |
| |
( us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Total bank loans payable |
| |
| |
| |
| |
| |
7,633,412 | |
| |
| |
| |
| |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (USD $) |
|
|
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:DebtInstrumentAxis ) |
|
|
|
Interest at 6.50% per annum, payable 03/11/2020 In Default [Member] |
|
( us-gaap:DebtInstrumentNameDomain ) |
|
|
Total Principal |
— | |
66,854,331 | |
( us-gaap:LongTermDebt ) |
| |
| |
Less: Unamortized debt issuance cost in connection with Harbin Bank Loans |
| |
(395,397 | ) |
( us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet ) |
| |
| |
Total bank loans payable |
| |
60,221,474 | |
( us-gaap:LoansPayableToBank ) |
| |
| |
|
(End Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details)) |
|
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (Parenthetical) |
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (Parenthetical) (USD $) |
|
|
|
|
|
|
12 Months Ended |
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( us-gaap:DebtInstrumentAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 09/27/2019 - In default [Member] |
Interest at 6.50% per annum, payable 03/11/2020 In Default [Member] |
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
( us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loans payable interest rate percentage |
0.0546 | |
0.0708 | |
0.0650 | |
0.0650 | |
0.0650 | |
0.0650 | |
| |
| |
| |
| |
( custom:LoansPayableInterestRatePercentage [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loans payable, date |
| |
| |
| |
| |
| |
| |
2027-07-18 | |
2024-07-19 | |
2018-12-20 | |
2018-12-20 | |
( custom:LoansPayableDate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (Parenthetical) (USD $) |
|
|
|
|
|
|
12 Months Ended |
( us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:DebtInstrumentAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Interest at 6.50% per annum, payable 09/27/2019 - In default [Member] |
Interest at 6.50% per annum, payable 03/11/2020 [Member] |
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 09/27/2019 - In default [Member] |
Interest at 6.50% per annum, payable 03/11/2020 In Default [Member] |
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
( us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loans payable interest rate percentage |
| |
| |
0.0546 | |
0.0708 | |
0.0650 | |
0.0650 | |
0.0650 | |
0.0650 | |
| |
| |
( custom:LoansPayableInterestRatePercentage [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loans payable, date |
2019-09-27 | |
2020-03-11 | |
| |
| |
| |
| |
| |
| |
2027-07-18 | |
2024-07-19 | |
( custom:LoansPayableDate [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (Parenthetical) (USD $) |
( us-gaap:DebtDisclosureAbstract ) |
|
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:DebtInstrumentAxis ) |
|
|
|
|
|
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 12/20/2018 - In default [Member] |
Interest at 6.50% per annum, payable 09/27/2019 - In default [Member] |
Interest at 6.50% per annum, payable 03/11/2020 [Member] |
( us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
| |
| |
| |
| |
|
| |
| |
| |
| |
Loans payable interest rate percentage |
| |
| |
| |
| |
( custom:LoansPayableInterestRatePercentage [Extension] ) |
| |
| |
| |
| |
Loans payable, date |
2018-12-20 | |
2018-12-20 | |
2019-09-27 | |
2020-03-11 | |
( custom:LoansPayableDate [Extension] ) |
| |
| |
| |
| |
|
(End Disclosure - Bank Loans Payable - Schedule of Loans Payable (Details) (Parenthetical)) |
|
Disclosure - Bank Loans Payable - Schedule of Debt Maturity of Oustanding Bank Loan (Details) |
Disclosure - Bank Loans Payable - Schedule of Debt Maturity of Oustanding Bank Loan (Details) (USD $) |
|
( us-gaap:DebtDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
2020 |
8,690,244 | |
( us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths ) |
| |
2021 |
1,056,832 | |
( us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo ) |
| |
2022 |
1,056,832 | |
( us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree ) |
| |
2023 |
1,056,834 | |
( us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour ) |
| |
2024 |
1,056,834 | |
( us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive ) |
| |
Thereafter |
54,339,687 | |
( us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive ) |
| |
Total debt maturities |
67,257,262 | |
( us-gaap:LongTermDebt ) |
| |
Less: unamortied debt issuance costs |
(335,849 | ) |
( us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet ) |
| |
Total debt obligations |
7,633,412 | |
( us-gaap:LoansPayableToBank ) |
| |
|
(End Disclosure - Bank Loans Payable - Schedule of Debt Maturity of Oustanding Bank Loan (Details)) |
|
Disclosure - Property Financing Agreements Payable (Details Narrative) |
Disclosure - Property Financing Agreements Payable (Details Narrative) (USD $) |
|
12 Months Ended |
|
|
|
12 Months Ended |
|
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 29, 2017 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
Buy-Back Financing Agreements [Member] Unrelated Individuals [Member] |
Buy-Back Financing Agreements [Member] Unrelated Individuals [Member] |
Buy-Back Financing Agreements [Member] Owners of the Property [Member] |
Buy-Back Financing Agreements [Member] Owners of the Property [Member] RMB [Member] |
Buy-back Payable [Member] |
Buy-back Payable [Member] |
Strategy Cooperation Agreement [Member] |
Strategy Cooperation Agreement [Member] |
Strategy Cooperation Agreement [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
Rental properties owned by the company, square feet |
216,230 | |
| |
| |
| |
| |
| |
| |
| |
86,244 | |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Rental properties owned by the company, square meters |
20,127 | |
| |
| |
| |
| |
| |
| |
| |
8,013 | |
( custom:RentalPropertiesOwnedByCompanySquareMeters [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of rental properties |
| |
0.15 | |
| |
| |
| |
| |
| |
| |
| |
( custom:PercentageOfRentalProperties [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Description on vesting period |
| |
The date of buy-back options ranged from 2014 to 2018. | |
| |
| |
| |
| |
| |
| |
| |
( custom:DescriptionOnVestingPeriod [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Recorded reduction value of property financing |
| |
| |
3,474,503 | |
24,197,759 | |
| |
| |
| |
| |
| |
( custom:RecordedReductionValueOfPropertyFinancing [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Other payable |
| |
| |
| |
| |
4,152,344 | |
4,186,382 | |
| |
| |
| |
( us-gaap:OtherLiabilities ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Percentage of interest agreed to pay |
| |
| |
| |
| |
| |
| |
0.08 | |
| |
| |
( custom:PercentageOfInterestAgreedToPay [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of properties sold |
| |
| |
| |
| |
| |
| |
| |
319 | |
| |
( custom:NumberOfPropertiesSold [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Property Financing Agreements Payable (Details Narrative)) |
|
Disclosure - Property Financing Agreements Payable - Schedule of Detailed Information on Property Financing Agreement Payable (Details) |
Disclosure - Property Financing Agreements Payable - Schedule of Detailed Information on Property Financing Agreement Payable (Details) (USD $) |
|
|
|
|
|
|
|
|
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis ) |
|
|
|
|
|
|
|
|
|
Buy Back Financing Agreements - Group B Properties [Member] |
SML Financing Agreements - Group C Properties [Member] |
Net Unamortized SML Financing Cost [Member] |
|
Buy Back Financing Agreements - Group B Properties [Member] |
SML Financing Agreements - Group C Properties [Member] |
Net Unamortized SML Financing Cost [Member] |
|
( srt:MortgageLoansOnRealEstateNamePropertyTypeDomain ) |
|
|
|
|
|
|
|
|
Total property financing agreements, net |
42,680,410 | |
34,802,880 | [1] |
(18,509 | ) |
77,464,781 | |
46,438,364 | |
33,529,953 | [1] |
(63,697 | ) |
79,904,620 | |
( us-gaap:FinancialServicesLiabilities ) |
| |
| |
| |
| |
| |
| |
| |
| |
Footnotes: |
1. | | includes lease-back payables transferred to SML |
|
(End Disclosure - Property Financing Agreements Payable - Schedule of Detailed Information on Property Financing Agreement Payable (Details)) |
|
Disclosure - Property Financing Agreements Payable - Schedule of Property Buy-back Financing Agreements Payable (Details) |
Disclosure - Property Financing Agreements Payable - Schedule of Property Buy-back Financing Agreements Payable (Details) (USD $) |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
|
12 Months Ended |
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Effective Agreements [Member] |
Effective Agreements [Member] |
Past Due Agreements [Member] |
Past Due Agreements [Member] |
Financing Agreements [Member] |
Financing Agreements [Member] |
Effective Agreements [Member] |
Effective Agreements [Member] |
Past Due Agreements [Member] |
Past Due Agreements [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Units |
5 | |
| |
490 | |
| |
495 | |
| |
14 | |
| |
479 | |
| |
( custom:PropertiesUnits [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Square Feet |
1,948 | |
| |
128,446 | |
| |
130,006 | |
| |
5,047 | |
| |
124,959 | |
| |
( us-gaap:AreaOfLand ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Selling Price |
| |
533,965 | |
| |
37,267,543 | |
| |
37,801,508 | |
| |
1,765,972 | |
| |
36,322,719 | |
( custom:SellingPrice [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Buy-Back Price |
| |
713,740 | |
| |
41,996,688 | |
| |
42,710,427 | |
| |
2,501,614 | |
| |
44,030,955 | |
( custom:BuybackPrice [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Property Financing Agreement Payable |
686,960 | |
| |
41,993,450 | |
| |
42,680,410 | |
| |
2,420,513 | |
| |
44,017,851 | |
| |
( custom:PropertyFinancingPayable [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Property Financing Agreements Payable - Schedule of Property Buy-back Financing Agreements Payable (Details) (USD $) |
|
12 Months Ended |
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
|
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
Financing Agreements [Member] |
Financing Agreements [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
| |
| |
|
| |
| |
Units |
493 | |
| |
( custom:PropertiesUnits [Extension] ) |
| |
| |
Square Feet |
130,006 | |
| |
( us-gaap:AreaOfLand ) |
| |
| |
Selling Price |
| |
38,088,691 | |
( custom:SellingPrice [Extension] ) |
| |
| |
Buy-Back Price |
| |
46,532,569 | |
( custom:BuybackPrice [Extension] ) |
| |
| |
Property Financing Agreement Payable |
46,438,364 | |
| |
( custom:PropertyFinancingPayable [Extension] ) |
| |
| |
|
(End Disclosure - Property Financing Agreements Payable - Schedule of Property Buy-back Financing Agreements Payable (Details)) |
|
Disclosure - Property Financing Agreements Payable - Schedule of Maturity for Financing Agreement Payable (Details) |
Disclosure - Property Financing Agreements Payable - Schedule of Maturity for Financing Agreement Payable (Details) (USD $) |
|
|
|
|
|
|
12 Months Ended |
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( srt:StatementScenarioAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Past due as of 12/31/2019 [Member] |
12/31/2020 [Member] |
12/31/2021 [Member] |
12/31/2022 [Member] |
12/31/2023 [Member] |
|
Past due as of 12/31/2019 [Member] |
12/31/2020 [Member] |
12/31/2021 [Member] |
12/31/2022 [Member] |
( srt:ScenarioUnspecifiedDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Units |
490 | |
3 | |
— | |
2 | |
— | |
495 | |
| |
| |
| |
| |
( custom:PropertiesUnits [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Buy-back amount |
| |
| |
| |
| |
| |
| |
41,996,688 | |
460,576 | |
— | |
253,164 | |
( custom:BuybackPrice [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Property Financing Agreements Payable - Schedule of Maturity for Financing Agreement Payable (Details) (USD $) |
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
Dec. 31, 2019 |
Dec. 31, 2019 |
( srt:StatementScenarioAxis ) |
|
|
|
12/31/2023 [Member] |
|
( srt:ScenarioUnspecifiedDomain ) |
|
|
|
| |
| |
|
| |
| |
Units |
| |
| |
( custom:PropertiesUnits [Extension] ) |
| |
| |
Buy-back amount |
— | |
42,710,428 | |
( custom:BuybackPrice [Extension] ) |
| |
| |
|
(End Disclosure - Property Financing Agreements Payable - Schedule of Maturity for Financing Agreement Payable (Details)) |
|
Disclosure - Property Financing Agreements Payable - Schedule of Financing Agreements (Details) |
Disclosure - Property Financing Agreements Payable - Schedule of Financing Agreements (Details) (USD $) |
|
|
( custom:PropertyFinancingAgreementPayableAbstract [Extension] ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Buy-back related cases: including remaining balances |
25,869,672 | |
26,995,786 | |
( custom:BuybackRelatedCasesIncludingHistoricalBuybackRemainingBalance [Extension] ) |
| |
| |
Lease-back related cases: including historical remaining balances |
4,020,158 | |
4,069,082 | |
( custom:LeasebackRelatedCasesIncludingHistoricalLeasebackPayableRemainingBalance [Extension] ) |
| |
| |
Accrued interest payable to SML |
4,913,051 | |
2,465,085 | |
( custom:AccruedInterestPayable [Extension] ) |
| |
| |
Total SML financing agreements |
34,802,881 | |
33,529,953 | |
( us-gaap:SaleLeasebackTransactionAmountDueUnderFinancingArrangement ) |
| |
| |
|
(End Disclosure - Property Financing Agreements Payable - Schedule of Financing Agreements (Details)) |
|
Disclosure - Account Payable and Accrued Liabilities (Details Narrative) |
Disclosure - Account Payable and Accrued Liabilities (Details Narrative) (USD $) |
|
|
( PayablesAndAccrualsAbstract ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Tax payables |
806,380 | |
584,693 | |
( us-gaap:TaxesPayableCurrentAndNoncurrent ) |
| |
| |
Accrued tax penalties payable |
247,732 | |
90,473 | |
( us-gaap:IncomeTaxExaminationPenaltiesAccrued ) |
| |
| |
|
(End Disclosure - Account Payable and Accrued Liabilities (Details Narrative)) |
|
Disclosure - Account Payable and Accrued Liabilities - Schedule of Account Payable and Accrued Liabilities (Details) |
Disclosure - Account Payable and Accrued Liabilities - Schedule of Account Payable and Accrued Liabilities (Details) (USD $) |
|
|
( us-gaap:PayablesAndAccrualsAbstract ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Accounts payable |
3,461,758 | |
2,839,967 | |
( us-gaap:AccountsPayableCurrentAndNoncurrent ) |
| |
| |
Wages and employee benefits payable |
679,189 | |
370,151 | |
( us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent ) |
| |
| |
Taxes payable |
806,380 | |
584,693 | |
( us-gaap:TaxesPayableCurrentAndNoncurrent ) |
| |
| |
Vat payable |
745,935 | |
455,962 | |
( custom:VatPayable [Extension] ) |
| |
| |
Bank loan interest payable |
3,245,679 | |
496,831 | |
( custom:BankLoanInterestPayable [Extension] ) |
| |
| |
Total accounts payable and accrued liabilities |
8,938,941 | |
4,747,604 | |
( us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent ) |
| |
| |
|
(End Disclosure - Account Payable and Accrued Liabilities - Schedule of Account Payable and Accrued Liabilities (Details)) |
|
Disclosure - Account Payable and Accrued Liabilities - Schedule of Account Payable and Accrued Liabilities (Details) (Parenthetical) |
Disclosure - Account Payable and Accrued Liabilities - Schedule of Account Payable and Accrued Liabilities (Details) (Parenthetical) (USD $) |
|
|
( us-gaap:PayablesAndAccrualsAbstract ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Individual income taxes |
27,150 | |
30,674 | |
( custom:IndividualIncomeTax [Extension] ) |
| |
| |
Business taxes |
169,336 | |
136,725 | |
( custom:BusinessTaxes [Extension] ) |
| |
| |
Property and land use taxes |
269,646 | |
253,226 | |
( custom:PropertyAndLandUseTaxes [Extension] ) |
| |
| |
Tax penalties |
247,732 | |
90,473 | |
( us-gaap:IncomeTaxExaminationPenaltiesAccrued ) |
| |
| |
Other surcharges and fees |
92,516 | |
73,595 | |
( custom:OtherSurchargesAndFees [Extension] ) |
| |
| |
Total |
806,380 | |
584,693 | |
( us-gaap:TaxesPayableCurrentAndNoncurrent ) |
| |
| |
|
(End Disclosure - Account Payable and Accrued Liabilities - Schedule of Account Payable and Accrued Liabilities (Details) (Parenthetical)) |
|
Disclosure - Lease Liabilities Payable (Details Narrative) |
Disclosure - Lease Liabilities Payable (Details Narrative) (USD $) |
12 Months Ended |
|
|
12 Months Ended |
( us-gaap:LeasesAbstract ) |
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( us-gaap:TypeOfArrangementAxis ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Lease Agreement [Member] |
Financing Leases [Member] |
Financing Leases [Member] |
Operating Leases [Member] |
Operating Leases [Member] |
( us-gaap:ArrangementsAndNonarrangementTransactionsMember ) |
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
Lease-backs expired, description |
5 lease-backs expired | |
15 lease-back leases expired | |
| |
| |
| |
| |
| |
| |
| |
( custom:LeasebacksExpiredDescription [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accumulated unpaid lease-back liabilities lease-back liabilities |
| |
| |
5,529,680 | |
5,456,833 | |
| |
| |
| |
| |
| |
( custom:LeasebackLiabilities [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Finance lease payments |
— | |
— | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:FinanceLeasePrincipalPayments ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Supplemental noncash lease liabilities |
| |
| |
| |
| |
| |
779,000 | |
3,870,804 | |
566,000 | |
598,000 | |
( custom:SupplementalNoncashLeaseLiabilities [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Operating lease payments |
70,000 | |
227,000 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingLeasePayments ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Lease period |
| |
| |
P10Y | |
| |
| |
| |
| |
| |
| |
( us-gaap:LesseeFinanceLeaseTermOfContract1 ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Amortization of ROU expense |
38,040 | |
110,602 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:FinanceLeaseRightOfUseAssetAmortization ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Financing lease, interest expense |
1,290 | |
6,846 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:FinanceLeaseInterestExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Financing lease expense |
2,712 | |
2,364,004 | |
| |
| |
| |
| |
| |
| |
| |
( custom:FinancingLeaseExpense [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Operating lease expense |
599,054 | |
504,401 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingLeaseExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Short term lease rent expense |
307,505 | |
268,778 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ShortTermLeasePayments ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Operating lease, description |
Financing Lease | |
| |
| |
| |
Sino Pride leases office space under an operating lease agreement which expires on August 31, 2021 and New York's office lease expires on August 31, 2022 | |
| |
| |
| |
| |
( us-gaap:LesseeOperatingLeaseDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Lease Liabilities Payable (Details Narrative)) |
|
Disclosure - Lease Liabilities Payable - Schedule of Lease Liabilities Payable (Details) |
Disclosure - Lease Liabilities Payable - Schedule of Lease Liabilities Payable (Details) (USD $) |
|
|
|
|
|
|
|
|
( us-gaap:LeasesAbstract ) |
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
|
|
|
|
|
Financing Leases [Member] Property Group B [Member] |
Financing Leases [Member] Property Group D [Member] |
Operating Lease [Member] Office Rent [Member] |
|
Financing Leases [Member] Property Group B [Member] |
Financing Leases [Member] Property Group D [Member] |
Operating Lease [Member] Property Group D [Member] |
|
( us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
Lease units |
1 | |
2 | |
2 | |
5 | |
4 | |
4 | |
1 | |
9 | |
( custom:LeaseUnits1 [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Total Lease Payable |
1,637 | |
21,118 | |
498,509 | |
521,264 | |
176,902 | |
38,878 | |
396,345 | |
612,125 | |
( us-gaap:CapitalLeaseObligations ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Lease Liabilities Payable - Schedule of Lease Liabilities Payable (Details)) |
|
Disclosure - Lease Liabilities Payable - Schedule of Future Minimum Lease Payables (Details) |
Disclosure - Lease Liabilities Payable - Schedule of Future Minimum Lease Payables (Details) (USD $) |
|
( us-gaap:LeasesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
Lease Units, December 31, 2020 |
3 | [1] |
( custom:LeaseUnitsOne [Extension] ) |
| |
Lease Units, December 31, 2021 |
2 | [1] |
( custom:LeaseUnitsTwo [Extension] ) |
| |
Lease Units, December 31, 2022 |
— | [1] |
( custom:LeaseUnitsThree [Extension] ) |
| |
|
| |
|
| |
Minimum Lease Payable, Square Feet, December 31, 2020 |
431 | |
( custom:MinimumLeasePayableSquareFeetOne [Extension] ) |
| |
Minimum Lease Payable, Square Feet, December 31, 2021 |
108 | |
( custom:MinimumLeasePayableSquareFeetTwo [Extension] ) |
| |
Minimum Lease Payable, Square Feet, December 31, 2022 |
— | |
( custom:MinimumLeasePayableSquareFeetThree [Extension] ) |
| |
|
| |
|
| |
Minimum Lease Payable, December 31, 2020 |
4,474 | |
( us-gaap:MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear ) |
| |
Minimum Lease Payable, December 31, 2021 |
433 | |
( us-gaap:MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears ) |
| |
Minimum Lease Payable, December 31, 2022 |
— | |
( us-gaap:MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears ) |
| |
Total future minimum lease payable |
4,907 | |
( us-gaap:MinimumLeasePaymentsSaleLeasebackTransactions ) |
| |
Footnotes: |
1. | | Lease units represent total leases at the end of period |
|
(End Disclosure - Lease Liabilities Payable - Schedule of Future Minimum Lease Payables (Details)) |
|
Disclosure - Lease Liabilities Payable - Schedule of Operating Lease for Future Minimum Rental Payments (Details) |
Disclosure - Lease Liabilities Payable - Schedule of Operating Lease for Future Minimum Rental Payments (Details) (USD $) |
|
( us-gaap:LeasesAbstract ) |
|
|
Dec. 31, 2019 |
|
|
|
|
|
|
2020 |
209,865 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths ) |
| |
2021 |
202,859 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo ) |
| |
2022 |
119,372 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree ) |
| |
Future minimum rental payments |
532,096 | |
( us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue ) |
| |
|
(End Disclosure - Lease Liabilities Payable - Schedule of Operating Lease for Future Minimum Rental Payments (Details)) |
|
Disclosure - Other Payables - Schedule of Other Payable (Details) |
Disclosure - Other Payables - Schedule of Other Payable (Details) (USD $) |
|
|
( us-gaap:OtherLiabilitiesDisclosureAbstract ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Tenants deposits payable |
2,624,528 | |
2,652,706 | |
( custom:TenantsDepositsPayable [Extension] ) |
| |
| |
Tenants escrow account |
1,694,568 | |
1,607,935 | |
( custom:TenantsEscrowAccount [Extension] ) |
| |
| |
Guaranteed rent payable |
282,950 | |
286,394 | |
( us-gaap:GuarantyLiabilities ) |
| |
| |
Expired lease-back payable |
5,529,680 | |
5,456,883 | |
( custom:ExpiredLeasebackPayable [Extension] ) |
| |
| |
Buy-back payable |
4,152,344 | |
4,186,382 | |
( custom:BuybackPayable [Extension] ) |
| |
| |
Accrued liabilities for additional payables from lawsuits |
4,742,632 | |
4,800,348 | |
( us-gaap:OtherAccruedLiabilitiesCurrentAndNoncurrent ) |
| |
| |
Union, housing, heating and others |
879,996 | |
604,227 | |
( custom:UnionHousingHeatingAndOthers [Extension] ) |
| |
| |
Total Other Payables |
19,906,698 | |
19,594,875 | |
( us-gaap:OtherLiabilities ) |
| |
| |
|
(End Disclosure - Other Payables - Schedule of Other Payable (Details)) |
|
Disclosure - Related Party Transactions (Details Narrative) |
Disclosure - Related Party Transactions (Details Narrative) (USD $) |
|
|
12 Months Ended |
|
|
12 Months Ended |
|
|
|
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 25, 2000 |
Dec. 25, 2000 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
( srt:OwnershipAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Dalian Victory Plaza Development Co, Ltd [Member] |
DVDC [Member] Dalian Victory Plaza Development Co, Ltd [Member] Land and Infrastructure [Member] |
DVDC [Member] Dalian Victory Plaza Development Co, Ltd [Member] |
DVDC [Member] |
DVDC [Member] RMB [Member] |
DVDC [Member] |
DVDC [Member] |
DVDC [Member] |
DVDC [Member] |
One Related Individual [Member] |
( srt:OwnershipDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest ownership percentage |
0.20 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Right of use assets contribution |
| |
20,000,000 | |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingLeaseRightOfUseAsset ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Registered capital form contributions |
| |
| |
6,800,000 | |
| |
| |
| |
| |
| |
| |
| |
( custom:RegisteredCapitalFromContribution [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan payable to related parties |
| |
| |
| |
13,200,000 | |
109,356,000 | |
| |
| |
| |
| |
1,339,948 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan principal |
| |
| |
| |
3,300,000 | |
| |
| |
| |
| |
| |
| |
( custom:DueToRelatedPartiesPrincipalAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate |
| |
0.25 | |
| |
0.08 | |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued interest expense - related parties |
| |
| |
| |
| |
| |
537,210 | |
519,970 | |
| |
| |
| |
( us-gaap:InterestExpenseRelatedParty ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued interest payable to related party |
| |
| |
| |
| |
| |
| |
| |
11,520,609 | |
11,121,817 | |
| |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Received loans from related party |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromRelatedPartyDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayments of loans |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Advanced from related party |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromCollectionOfAdvanceToAffiliate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByParent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Stock issued during the period |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Nominal consideration |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:SharesIssuedPricePerShare ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Assumed shareholder debt and loan rights |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AssumedShareholderDebtAndLoanRights [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Related Party Transactions (Details Narrative) (USD $) |
|
156 Months Ended |
204 Months Ended |
12 Months Ended |
|
|
|
12 Months Ended |
|
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2018 |
Dec. 31, 2008 |
Dec. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2015 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
( srt:OwnershipAxis ) |
|
|
|
|
|
|
|
|
|
|
|
One Related Individual [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Sino Pride Development Limited [Member] |
Shareholder [Member] |
( srt:OwnershipDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest ownership percentage |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Right of use assets contribution |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingLeaseRightOfUseAsset ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Registered capital form contributions |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:RegisteredCapitalFromContribution [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan payable to related parties |
792,502 | |
| |
| |
| |
| |
13,303,748 | |
13,303,748 | |
| |
| |
65,931,644 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan principal |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:DueToRelatedPartiesPrincipalAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate |
| |
| |
| |
| |
0.08 | |
| |
| |
| |
| |
0.05 | |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued interest expense - related parties |
| |
| |
| |
| |
| |
| |
| |
1,079,083 | |
1,079,926 | |
| |
( us-gaap:InterestExpenseRelatedParty ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued interest payable to related party |
| |
| |
| |
| |
| |
9,611,024 | |
8,531,941 | |
| |
| |
| |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Received loans from related party |
| |
38,683,297 | |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromRelatedPartyDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayments of loans |
| |
| |
20,710,919 | |
4,068,630 | |
| |
| |
| |
— | |
200,000 | |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Advanced from related party |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromCollectionOfAdvanceToAffiliate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByParent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Stock issued during the period |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Nominal consideration |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:SharesIssuedPricePerShare ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Assumed shareholder debt and loan rights |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AssumedShareholderDebtAndLoanRights [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Related Party Transactions (Details Narrative) (USD $) |
|
12 Months Ended |
|
|
|
|
1 Month Ended |
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
|
|
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Jun. 30, 2017 |
Jun. 30, 2017 |
Jun. 30, 2017 |
Jun. 30, 2017 |
Nov. 30, 2016 |
( srt:OwnershipAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Shareholder [Member] |
Mr. Alex Brown [Member] |
Mr. Alex Brown [Member] |
Prime Rate [Member] |
Prime Rate [Member] |
Mr.Alex Brown [Member] Iven International Group Limited [Member] |
Mr.Alex Brown [Member] Iven International Group Limited [Member] Dalian Yiwen New Materials Technology Development Co., Ltd |
Mr.Alex Brown [Member] Iven International Group Limited [Member] PRC [Member] |
Mrs.Alex Brown [Member] Iven International Group Limited [Member] PRC [Member] |
Assignment of Common Stocks and Debt Rights [Member] Iven International Group Limited [Member] Sino Pride Development Limited [Member] |
( srt:OwnershipDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest ownership percentage |
| |
| |
| |
| |
| |
0.70 | |
0.30 | |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Right of use assets contribution |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingLeaseRightOfUseAsset ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Registered capital form contributions |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:RegisteredCapitalFromContribution [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan payable to related parties |
64,151,148 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan principal |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:DueToRelatedPartiesPrincipalAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued interest expense - related parties |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpenseRelatedParty ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued interest payable to related party |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Received loans from related party |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromRelatedPartyDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Repayments of loans |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Advanced from related party |
| |
1,774,621 | |
1,362,472 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromCollectionOfAdvanceToAffiliate ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
3,300,000 | |
3,200,000 | |
| |
| |
| |
| |
| |
( us-gaap:InterestExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest |
| |
| |
| |
| |
| |
1.00 | |
| |
0.80 | |
0.20 | |
| |
( us-gaap:MinorityInterestOwnershipPercentageByParent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Stock issued during the period |
| |
| |
| |
| |
| |
| |
| |
| |
| |
30,000,000 | |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Nominal consideration |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:SharesIssuedPricePerShare ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Assumed shareholder debt and loan rights |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AssumedShareholderDebtAndLoanRights [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Related Party Transactions (Details Narrative) (USD $) |
|
|
0 Months Ended |
|
|
|
|
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
|
|
Nov. 30, 2016 |
Nov. 30, 2016 |
Sep. 4, 2017 |
Sep. 4, 2017 |
Sep. 4, 2017 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( srt:OwnershipAxis ) |
|
|
|
|
|
|
|
|
Assignment of Common Stocks and Debt Rights [Member] Iven International Group Limited [Member] Sino Pride Development Limited [Member] HKD Currency [Member] |
Assignment of Common Stocks and Debt Rights [Member] Iven International Group Limited [Member] Sino Pride Development Limited [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Victory Commercial Investment Ltd. [Member] Sino Pride Development Limited [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Victory Commercial Investment Ltd. [Member] Sino Pride Development Limited [Member] HKD Currency [Member] |
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Victory Commercial Investment Ltd. [Member] Sino Pride Development Limited [Member] |
Shareholder [Member] Sino Pride Development Limited [Member] Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Victory Commercial Investment Ltd. [Member] HKD Currency [Member] |
Shareholder [Member] Sino Pride Development Limited [Member] Assignment of All Outstanding Shares and All Debt Right Agreement [Member] Victory Commercial Investment Ltd. [Member] |
( srt:OwnershipDomain ) |
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest ownership percentage |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners ) |
| |
| |
| |
| |
| |
| |
| |
Right of use assets contribution |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:OperatingLeaseRightOfUseAsset ) |
| |
| |
| |
| |
| |
| |
| |
Registered capital form contributions |
| |
| |
| |
| |
| |
| |
| |
( custom:RegisteredCapitalFromContribution [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Loan payable to related parties |
| |
| |
| |
| |
| |
408,409,628 | |
53,093,000 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
Loan principal |
| |
| |
| |
| |
| |
| |
| |
( custom:DueToRelatedPartiesPrincipalAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
Loan interest rate |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
| |
| |
| |
| |
| |
| |
| |
Accrued interest expense - related parties |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpenseRelatedParty ) |
| |
| |
| |
| |
| |
| |
| |
Accrued interest payable to related party |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
Received loans from related party |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromRelatedPartyDebt ) |
| |
| |
| |
| |
| |
| |
| |
Repayments of loans |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
| |
| |
| |
| |
| |
Advanced from related party |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:ProceedsFromCollectionOfAdvanceToAffiliate ) |
| |
| |
| |
| |
| |
| |
| |
Interest expense |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:InterestExpense ) |
| |
| |
| |
| |
| |
| |
| |
Non-controlling interest |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:MinorityInterestOwnershipPercentageByParent ) |
| |
| |
| |
| |
| |
| |
| |
Stock issued during the period |
| |
| |
30,000,000 | |
| |
| |
| |
| |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
| |
| |
Nominal consideration |
1 | |
0.13 | |
| |
| |
| |
1 | |
0.13 | |
( us-gaap:SharesIssuedPricePerShare ) |
| |
| |
| |
| |
| |
| |
| |
Assumed shareholder debt and loan rights |
| |
| |
| |
493,807,633 | |
64,208,000 | |
| |
| |
( custom:AssumedShareholderDebtAndLoanRights [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Related Party Transactions (Details Narrative)) |
|
Disclosure - Related Party Transactions - Schedule of Loan Payable to Related Party (Details) |
Disclosure - Related Party Transactions - Schedule of Loan Payable to Related Party (Details) (USD $) |
|
|
|
|
|
|
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2018 |
( us-gaap:RelatedPartyTransactionsByRelatedPartyAxis ) |
|
|
|
|
|
|
|
DVDC [Member] |
Related Individual [Member] |
|
DVDC [Member] |
Related Individual [Member] |
|
( us-gaap:RelatedPartyDomain ) |
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
Loan payable to related parties |
10,594,843 | |
1,339,948 | |
11,934,791 | |
10,723,778 | |
792,502 | |
11,516,280 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Related Party Transactions - Schedule of Loan Payable to Related Party (Details)) |
|
Disclosure - Related Party Transactions - Schedule of Loan Payable to DVDC (Details) |
Disclosure - Related Party Transactions - Schedule of Loan Payable to DVDC (Details) (USD $) |
|
|
|
|
|
|
|
|
|
|
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( us-gaap:RelatedPartyTransactionsByRelatedPartyAxis ) |
|
|
|
|
|
|
|
|
|
|
|
DVDC [Member] |
DVDC [Member] |
DVDC [Member] Infrastructure Construction [Member] |
DVDC [Member] Infrastructure Construction [Member] |
DVDC [Member] Other Payable [Member] |
DVDC [Member] Other Payable [Member] |
DVDC [Member] RMB [Member] |
DVDC [Member] RMB [Member] |
DVDC [Member] Foreign Exchange Effect [Member] |
DVDC [Member] Foreign Exchange Effect [Member] |
( us-gaap:RelatedPartyDomain ) |
|
|
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan principal |
13,200,000 | |
13,200,000 | |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:DueToRelatedPartiesPrincipalAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Net loan payable |
10,594,843 | |
10,723,778 | |
| |
| |
215,136 | |
215,136 | |
7,729,389 | |
7,729,389 | |
2,865,454 | |
2,994,389 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Advances payable to related party |
| |
| |
(5,685,747 | ) |
(5,685,747 | ) |
| |
| |
| |
| |
| |
| |
( custom:AdvancesPayableToRelatedParty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Related Party Transactions - Schedule of Loan Payable to DVDC (Details)) |
|
Disclosure - Related Party Transactions - Schedule of Loan, Repayments and Accrued Interest to Sino Pride (Details) |
Disclosure - Related Party Transactions - Schedule of Loan, Repayments and Accrued Interest to Sino Pride (Details) (Sino Pride Development Limited [Member], USD $) |
12 Months Ended |
( us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
( us-gaap:RelatedPartyTransactionsByRelatedPartyAxis ) |
|
|
|
|
|
( us-gaap:RelatedPartyDomain ) |
|
|
Loan balance, beginning |
13,303,748 | |
13,503,748 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
Repayment for the period |
— | |
(200,000 | ) |
( us-gaap:RepaymentsOfDebt ) |
| |
| |
Loan balance, ending |
13,303,748 | |
13,303,748 | |
( us-gaap:DueToRelatedPartiesCurrentAndNoncurrent ) |
| |
| |
|
| |
| |
|
| |
| |
Interest payable, beginning |
8,531,941 | |
7,451,973 | |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
Accrued interest |
1,079,083 | |
1,079,968 | |
( custom:AccruedInterest [Extension] ) |
| |
| |
Repayments |
— | |
— | |
( custom:RepaymentsOfInterestForThePeriod [Extension] ) |
| |
| |
Interest payable, ending |
9,611,024 | |
8,531,941 | |
( us-gaap:InterestPayableCurrentAndNoncurrent ) |
| |
| |
|
(End Disclosure - Related Party Transactions - Schedule of Loan, Repayments and Accrued Interest to Sino Pride (Details)) |
|
Disclosure - Income Taxes (Details Narrative) |
Disclosure - Income Taxes (Details Narrative) (USD $) |
12 Months Ended |
|
|
|
|
( us-gaap:IncomeTaxDisclosureAbstract ) |
|
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( srt:StatementGeographicalAxis ) |
|
|
|
|
|
|
|
|
|
China [Member] Foreign Tax Authority [Member] |
Hong Kong [Member] Foreign Tax Authority [Member] |
|
Maximum [Member] |
DVPD, DVBM and Sino Pride [Member] |
DVPD, DVBM and Sino Pride [Member] |
|
|
( srt:SegmentGeographicalDomain ) |
|
|
|
|
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| |
|
| |
| |
| |
| |
| |
| |
| |
| |
Effective income tax rate |
0.25 | |
0.165 | |
0.21 | |
| |
| |
| |
| |
| |
( us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate ) |
| |
| |
| |
| |
| |
| |
| |
| |
Effective income tax rate, description |
| |
| |
On December 22, 2017, the Tax Cuts and Jobs Act (the "TCJA"), which significantly modified U.S. corporate income tax law, was signed into law by President Trump. The TCJA contains significant changes to corporate income taxation, including but not limited to the reduction of the corporate income tax rate from a top marginal rate of 35% to a flat rate of 21% | |
| |
| |
| |
| |
| |
( us-gaap:IncomeTaxExaminationDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
Limitation of tax reduction for interest expense |
| |
| |
| |
0.30 | |
| |
| |
| |
| |
( us-gaap:EffectiveIncomeTaxRateReconciliationDeductions ) |
| |
| |
| |
| |
| |
| |
| |
| |
Limitation of tax reduction for net operating losses |
| |
| |
| |
0.80 | |
| |
| |
| |
| |
( us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsOther ) |
| |
| |
| |
| |
| |
| |
| |
| |
Operating loss carry forwards |
| |
| |
| |
| |
54,629,148 | |
58,213,409 | |
2,667,043 | |
1,155,570 | |
( us-gaap:OperatingLossCarryforwards ) |
| |
| |
| |
| |
| |
| |
| |
| |
Operating loss carry forward years |
| |
| |
P20Y | |
| |
| |
| |
| |
| |
( custom:OperatingLossCarryForwardYears [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Change in valuation allowance decrease |
| |
| |
2,500,205 | |
| |
| |
| |
| |
| |
( us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Income Taxes (Details Narrative)) |
|
Disclosure - Income Taxes - Schedule of Deferred Tax Assets (Details) |
Disclosure - Income Taxes - Schedule of Deferred Tax Assets (Details) (USD $) |
|
|
( us-gaap:IncomeTaxDisclosureAbstract ) |
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Net operating loss carry forwards, foreign operations |
13,366,178 | |
18,153,562 | |
( us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsForeign ) |
| |
| |
Net operating loss carry forwards, US operations |
560,079 | |
242,670 | |
( us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsDomestic ) |
| |
| |
Valuation allowance |
(13,926,257 | ) |
(18,396,232 | ) |
( us-gaap:DeferredTaxAssetsValuationAllowance ) |
| |
| |
Deferred tax assets - net |
— | |
— | |
( us-gaap:DeferredTaxAssetsNet ) |
| |
| |
|
(End Disclosure - Income Taxes - Schedule of Deferred Tax Assets (Details)) |
|
Disclosure - Income Taxes - Schedule of Provisions for Income Taxes (Details) |
Disclosure - Income Taxes - Schedule of Provisions for Income Taxes (Details) (USD $) |
12 Months Ended |
( us-gaap:IncomeTaxDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Current |
— | |
— | |
( us-gaap:CurrentIncomeTaxExpenseBenefit ) |
| |
| |
Deferred |
2,500,205 | |
753,069 | |
( us-gaap:DeferredIncomeTaxExpenseBenefit ) |
| |
| |
Change in valuation allowance |
(2,500,205 | ) |
(753,069 | ) |
( us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount ) |
| |
| |
Total |
— | |
— | |
( us-gaap:IncomeTaxExpenseBenefit ) |
| |
| |
|
(End Disclosure - Income Taxes - Schedule of Provisions for Income Taxes (Details)) |
|
Disclosure - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) |
Disclosure - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) (China [Member], USD $) |
12 Months Ended |
( us-gaap:IncomeTaxDisclosureAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
( srt:StatementGeographicalAxis ) |
|
|
|
|
|
( srt:SegmentGeographicalDomain ) |
|
|
US statutory tax rate |
0.2100 | |
0.2100 | |
( us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate ) |
| |
| |
Tax rate difference |
0.0400 | |
0.0400 | |
( us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential ) |
| |
| |
Changes in valuation allowance |
(0.2500 | ) |
(0.2500 | ) |
( us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance ) |
| |
| |
Effective rate |
0.0000 | |
0.0000 | |
( us-gaap:EffectiveIncomeTaxRateContinuingOperations ) |
| |
| |
|
(End Disclosure - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)) |
|
Disclosure - Stockholders' Equity (Details Narrative) |
Disclosure - Stockholders' Equity (Details Narrative) (USD $) |
|
0 Months Ended |
|
0 Months Ended |
( us-gaap:EquityAbstract ) |
|
|
|
|
|
Dec. 31, 2019 |
Nov. 13, 2017 |
Mar. 28, 2019 |
Mar. 28, 2019 |
Apr. 15, 2019 |
( srt:RangeAxis ) |
|
|
|
|
|
|
Maximum [Member] |
Alex Brown [Member] |
Subscription Agreement [Member] 30 Individual Investors [Member] IPO [Member] |
Subscription Agreement [Member] 30 Individual Investors [Member] IPO [Member] |
|
( srt:RangeMember ) |
|
|
|
|
|
Common stock, shares authorized |
600,000,000 | |
| |
| |
| |
| |
( us-gaap:CommonStockSharesAuthorized ) |
| |
| |
| |
| |
| |
Common stock, par value |
0.0001 | |
| |
| |
| |
| |
( us-gaap:CommonStockParOrStatedValuePerShare ) |
| |
| |
| |
| |
| |
Stock issued during the period |
| |
20,700,000 | |
1,011,000 | |
| |
| |
( us-gaap:StockIssuedDuringPeriodSharesNewIssues ) |
| |
| |
| |
| |
| |
Consideration in cash |
| |
2,070 | |
| |
| |
1,011,000 | |
( us-gaap:ProceedsFromIssuanceOfCommonStock ) |
| |
| |
| |
| |
| |
Initial public offering price per shares |
| |
| |
| |
1 | |
| |
( us-gaap:SharesIssuedPricePerShare ) |
| |
| |
| |
| |
| |
|
(End Disclosure - Stockholders' Equity (Details Narrative)) |
|
Disclosure - Statutory Reserve (Details Narrative) |
Disclosure - Statutory Reserve (Details Narrative) (USD $) |
12 Months Ended |
( custom:StatutoryReserveAbstract [Extension] ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( dei:LegalEntityAxis ) |
|
|
|
|
|
DVPD and DVBM [Member] |
DVPD and DVBM [Member] |
( dei:EntityDomain ) |
|
|
|
Statutory reserve, description |
The "statutory surplus reserve fund" requires annual appropriations of 10% of after-tax profit until such appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC ("PRC GAAP") at each yearend). | |
| |
| |
( custom:StatutoryReserveDescription [Extension] ) |
| |
| |
| |
Statutory reserve, appropriations |
| |
— | |
— | |
( custom:StatutoryReserveAppropriationOfFundForCurrentPeriod [Extension] ) |
| |
| |
| |
|
(End Disclosure - Statutory Reserve (Details Narrative)) |
|
Disclosure - Non-Controlling Interest (Details Narrative) |
Disclosure - Non-Controlling Interest (Details Narrative) (USD $) |
|
|
|
|
( us-gaap:NoncontrollingInterestAbstract ) |
|
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( srt:OwnershipAxis ) |
|
|
|
|
|
Dalian Victory Plaza Development Co, Ltd [Member] |
Dalian Victory Plaza Development Co, Ltd [Member] |
Dalian Victory Business Management Co., Ltd. [Member] |
Dalian Victory Business Management Co., Ltd. [Member] |
( srt:OwnershipDomain ) |
|
|
|
|
Non-controlling interest percentage |
0.20 | |
0.20 | |
0.05 | |
0.05 | |
( us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners ) |
| |
| |
| |
| |
|
(End Disclosure - Non-Controlling Interest (Details Narrative)) |
|
Disclosure - Non-Controlling Interest - Schedule of Non-Controlling Interest (Details) |
Disclosure - Non-Controlling Interest - Schedule of Non-Controlling Interest (Details) (USD $) |
12 Months Ended |
( us-gaap:NoncontrollingInterestAbstract ) |
|
|
Dec. 31, 2019 |
Dec. 31, 2018 |
|
|
|
|
|
|
|
|
|
Non-controlling interest at beginning of the period |
(42,242,097 | ) |
(43,268,669 | ) |
( us-gaap:MinorityInterest ) |
| |
| |
Net loss |
(1,495,207 | ) |
(971,370 | ) |
( us-gaap:NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable ) |
| |
| |
Change in foreign currency translation adjustment |
436,517 | |
(1,997,942 | ) |
( us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest ) |
| |
| |
Non-controlling interest at end of the period |
(43,300,787 | ) |
(42,242,097 | ) |
( us-gaap:MinorityInterest ) |
| |
| |
|
(End Disclosure - Non-Controlling Interest - Schedule of Non-Controlling Interest (Details)) |
|
Disclosure - Commitments and Contingencies (Details Narrative) |
Disclosure - Commitments and Contingencies (Details Narrative) (USD $) |
|
12 Months Ended |
0 Months Ended |
( us-gaap:CommitmentsAndContingenciesDisclosureAbstract ) |
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
May. 18, 2017 |
May. 18, 2017 |
May. 18, 2017 |
May. 18, 2017 |
May. 18, 2017 |
May. 18, 2017 |
( us-gaap:AwardTypeAxis ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
RMB [Member] |
|
Unrelated Individual [Member] |
Unrelated Individual [Member] RMB [Member] |
Employee of DVPD [Member] Individual One [Member] |
Employee of DVPD [Member] Individual One [Member] RMB [Member] |
Employee of DVPD [Member] Individual Two [Member] |
Employee of DVPD [Member] Individual Two [Member] RMB [Member] |
( us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain ) |
|
|
|
|
|
|
|
|
|
|
Financing agreement payable |
77,464,781 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:FinancialServicesLiabilities ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Lease liabilities payable |
521,264 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:FinanceLeaseLiability ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Expired lease-back payables |
5,529,680 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:ExpiredLeasebackPayable [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Buy-back of payables |
4,152,344 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:BuyBackOfPayable [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of lawsuits litigation cases |
| |
565 | |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:NumberOfLawsuitsLitigationCases [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Litigants claimed amount |
| |
173,482,529 | |
172,788,781 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:LossContingencyDamagesAwardedValue ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Accrued extra litigation charges |
4,742,632 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AccruedLegalLitigationCharges [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Attorney fees with cases |
| |
21,859 | |
| |
97,071 | |
| |
| |
| |
| |
| |
| |
( us-gaap:LegalFees ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of asset in square meters |
| |
| |
| |
| |
140 | |
| |
138 | |
| |
15 | |
| |
( custom:AreaOfAssetInSquareMeters [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Area of asset in square feet |
| |
| |
| |
| |
1,507 | |
| |
1,485 | |
| |
161 | |
| |
( custom:AreaOfAssetInSquareFeet [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Consideration to acquire |
| |
| |
| |
| |
770,000 | |
5,000,000 | |
770,000 | |
5,000,000 | |
770,000 | |
5,000,000 | |
( us-gaap:BusinessCombinationConsiderationTransferred1 ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Bank loan term and due |
| |
| |
| |
| |
P1Y | |
| |
P1Y | |
| |
P1Y | |
| |
( custom:BankLoanRepaymentTermAndDue [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Profit or gain on collateral |
| |
| |
| |
| |
— | |
| |
— | |
| |
— | |
| |
( custom:GainLossOnCollateralOfAssetsOnBehalfOfRelatedParty [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of rental properties in units |
| |
| |
| |
| |
| |
| |
7 | |
| |
2 | |
| |
( custom:NumberOfRentalPropertiesInUnits [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Agreement description |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:AgreementDescription [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Commitments and Contingencies (Details Narrative) (USD $) |
( us-gaap:CommitmentsAndContingenciesDisclosureAbstract ) |
|
Dec. 30, 2019 |
( us-gaap:AwardTypeAxis ) |
|
|
Three Separate Compensation Agreements [Member] |
( us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain ) |
|
Financing agreement payable |
| |
( us-gaap:FinancialServicesLiabilities ) |
| |
Lease liabilities payable |
| |
( us-gaap:FinanceLeaseLiability ) |
| |
Expired lease-back payables |
| |
( custom:ExpiredLeasebackPayable [Extension] ) |
| |
Buy-back of payables |
| |
( custom:BuyBackOfPayable [Extension] ) |
| |
Number of lawsuits litigation cases |
| |
( custom:NumberOfLawsuitsLitigationCases [Extension] ) |
| |
Litigants claimed amount |
| |
( us-gaap:LossContingencyDamagesAwardedValue ) |
| |
Accrued extra litigation charges |
| |
( custom:AccruedLegalLitigationCharges [Extension] ) |
| |
Attorney fees with cases |
| |
( us-gaap:LegalFees ) |
| |
Area of asset in square meters |
| |
( custom:AreaOfAssetInSquareMeters [Extension] ) |
| |
Area of asset in square feet |
| |
( custom:AreaOfAssetInSquareFeet [Extension] ) |
| |
Consideration to acquire |
| |
( us-gaap:BusinessCombinationConsiderationTransferred1 ) |
| |
Bank loan term and due |
| |
( custom:BankLoanRepaymentTermAndDue [Extension] ) |
| |
Profit or gain on collateral |
| |
( custom:GainLossOnCollateralOfAssetsOnBehalfOfRelatedParty [Extension] ) |
| |
Number of rental properties in units |
| |
( custom:NumberOfRentalPropertiesInUnits [Extension] ) |
| |
Agreement description |
On December 30, 2019, the Company entered into three separate Compensation Agreements with these individuals. The agreements stipulate that these three individuals have to either pay back the loan of RMB 5M to the bank or provide their own collaterals so as to release the Company's property by December 31, 2020. In addition, the agreements require these three individuals pay RMB 50,000 to the Company by May 31, 2020 along with other penalty clauses if these three individuals fail to abide by the agreements. | |
( custom:AgreementDescription [Extension] ) |
| |
|
(End Disclosure - Commitments and Contingencies (Details Narrative)) |
|
Disclosure - Concentration of Credit Risk (Details Narrative) |
Disclosure - Concentration of Credit Risk (Details Narrative) (USD $) |
|
|
12 Months Ended |
( us-gaap:RisksAndUncertaintiesAbstract ) |
|
|
|
|
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
( us-gaap:AwardTypeAxis ) |
|
|
|
|
|
|
|
|
|
|
RMB [Member] |
|
Sales Revenue, Net [Member] Ten Tenants [Member] |
Sales Revenue, Net [Member] Ten Tenants [Member] |
Sales Revenue, Net [Member] |
Accounts Receivable [Member] Ten Tenants [Member] |
Accounts Receivable [Member] Ten Tenants [Member] |
( us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain ) |
|
|
|
|
|
|
|
|
Maximum insured bank deposit |
72,700 | |
500,000 | |
| |
| |
| |
| |
| |
| |
( custom:MaximumInsuredBankDeposit [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Uninsured cash balance |
50,184 | |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:CashUninsuredAmount ) |
| |
| |
| |
| |
| |
| |
| |
| |
Number of income receives from tenants |
| |
| |
700 | |
| |
| |
| |
| |
| |
( custom:NumberOfIncomeReceivesFromTenants [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
Concentration risk percentage |
| |
| |
| |
0.1823 | |
0.1929 | |
| |
0.126 | |
0.13 | |
( us-gaap:ConcentrationRiskPercentage1 ) |
| |
| |
| |
| |
| |
| |
| |
| |
Concentration risk, description |
| |
| |
| |
| |
| |
No individual tenant's revenue accounts for more than 10% of the total revenue in the above periods. | |
| |
| |
( us-gaap:ConcentrationRiskOtherRisk ) |
| |
| |
| |
| |
| |
| |
| |
| |
|
(End Disclosure - Concentration of Credit Risk (Details Narrative)) |
|
Disclosure - Subsequent Events (Details Narrative) |
Disclosure - Subsequent Events (Details Narrative) (USD $) |
0 Months Ended |
12 Months Ended |
0 Months Ended |
|
0 Months Ended |
|
12 Months Ended |
( us-gaap:SubsequentEventsAbstract ) |
|
|
|
|
|
|
|
|
May. 6, 2020 |
May. 6, 2020 |
May. 6, 2020 |
May. 6, 2020 |
Dec. 31, 2019 |
Jun. 12, 2019 |
Feb. 28, 2020 |
Feb. 28, 2020 |
Dec. 31, 2019 |
Dec. 31, 2019 |
( us-gaap:SubsequentEventTypeAxis ) |
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] New Lawsuits with New Claims [Member] |
Subsequent Event [Member] Dalian City, China [Member] |
Subsequent Event [Member] Dalian City, China [Member] RMB [Member] |
Subsequent Event [Member] |
|
|
Subsequent Event [Member] |
Subsequent Event [Member] March 1, 2020 to August 31, 2022 [Member] |
5 Outstanding Loans [Member] Harbin Bank [Member] |
RMB 390M Loan [Member] |
( us-gaap:SubsequentEventTypeDomain ) |
|
|
|
|
|
|
|
|
|
|
Number of new lawsuits |
9 | |
574 | |
| |
| |
| |
| |
| |
| |
| |
| |
( custom:NumberOfNewLawsuits [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Litigants claimed amount |
365,111 | |
24,503,555 | |
173,411,658 | |
24,455,514 | |
173,482,529 | |
| |
| |
| |
| |
| |
( us-gaap:LossContingencyDamagesAwardedValue ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Number of cases resolved |
| |
| |
| |
558 | |
386 | |
| |
| |
| |
| |
| |
( custom:NumberOfCasesResolved [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Lease expiration date |
| |
| |
| |
| |
| |
2022-08-31 | |
| |
| |
| |
| |
( us-gaap:LeaseExpirationDate1 ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Security deposit |
| |
| |
| |
| |
| |
| |
85,215 | |
| |
| |
| |
( us-gaap:SecurityDeposit ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Remaining rental expense |
| |
| |
| |
| |
| |
| |
| |
354,000 | |
| |
| |
( us-gaap:LeaseAndRentalExpense ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Bank loans payable |
| |
| |
| |
| |
| |
| |
| |
| |
66,900,000 | |
| |
( us-gaap:LoansPayableToBank ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Unpaid principle and interest amount |
| |
| |
| |
| |
| |
| |
| |
| |
| |
2,700,000 | |
( custom:UnpaidPrincipleAndInterestAmount [Extension] ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
Loan maturity date, description |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
Table continued from above |
|
Disclosure - Subsequent Events (Details Narrative) (USD $) |
( us-gaap:SubsequentEventsAbstract ) |
|
Dec. 31, 2019 |
Dec. 31, 2019 |
( us-gaap:SubsequentEventTypeAxis ) |
|
|
|
RMB 50M Loan [Member] |
RMB 50M Loan [Member] RMB [Member] |
( us-gaap:SubsequentEventTypeDomain ) |
|
|
Number of new lawsuits |
| |
| |
( custom:NumberOfNewLawsuits [Extension] ) |
| |
| |
Litigants claimed amount |
| |
| |
( us-gaap:LossContingencyDamagesAwardedValue ) |
| |
| |
Number of cases resolved |
| |
| |
( custom:NumberOfCasesResolved [Extension] ) |
| |
| |
Lease expiration date |
| |
| |
( us-gaap:LeaseExpirationDate1 ) |
| |
| |
Security deposit |
| |
| |
( us-gaap:SecurityDeposit ) |
| |
| |
Remaining rental expense |
| |
| |
( us-gaap:LeaseAndRentalExpense ) |
| |
| |
Bank loans payable |
| |
| |
( us-gaap:LoansPayableToBank ) |
| |
| |
Unpaid principle and interest amount |
800,000 | |
| |
( custom:UnpaidPrincipleAndInterestAmount [Extension] ) |
| |
| |
Loan maturity date, description |
| |
The Bank and the Company are currently discussing potential grant to convert the principal and interests due, including the RMB 390M Loan Balance Due, the RMB 50M Loan Balance Due, and the Liquidity Loan Balance Due into a new loan and an additional liquidity loans in an amount of RMB 50 million (collectively, the âRefinancing Loansâ). The collateral for the potential RMB 50 million loan will be the remaining values of same collateral for the RMB 390M Loan and RMB 50M Loan but ranking junior to the RMB 390MB Loan and RMB 50M Loan. In addition, the Company has been negotiating with the Bank for a waiver of the penalty for late payment of related loan interest (the âPenalty Waiverâ). The Company has already submitted the application for the Refinancing Loans at the request of the Bank. It usually takes about 2 to 3 months for the Bank to review and approve the Refinancing Loans and the Penalty Waiver which can be potentially longer as a result of the outbreak of the COVID-19. However, there is no assurance or certainty that such Refinancing Loans or Penalty Waiver will be approved by the Bank. | |
( us-gaap:DebtInstrumentMaturityDateDescription ) |
| |
| |
|
(End Disclosure - Subsequent Events (Details Narrative)) |
|
Disclosure - Subsequent Events - Schedule of Claims of Lawsuits (Details) |
Disclosure - Subsequent Events - Schedule of Claims of Lawsuits (Details) (USD $) |
0 Months Ended |
( us-gaap:SubsequentEventsAbstract ) |
|
|
May. 6, 2020 |
May. 6, 2020 |
May. 6, 2020 |
May. 6, 2020 |
( us-gaap:SubsequentEventTypeAxis ) |
|
|
|
|
|
Subsequent Event [Member] Property Buy-Back Related Issues [Member] |
Subsequent Event [Member] Leases and Leases Back Related Issues [Member] |
Subsequent Event [Member] Other Issues [Member] |
Subsequent Event [Member] |
( us-gaap:SubsequentEventTypeDomain ) |
|
|
|
|
Total in RMB, Store Unit |
242 | |
244 | |
88 | |
574 | |
( custom:NumberOfStoreUnits [Extension] ) |
| |
| |
| |
| |
Total in RMB, Square Feet |
51,870 | |
47,721 | |
5,348 | |
104,939 | |
( custom:AreaOfSquareFeet [Extension] ) |
| |
| |
| |
| |
Total in RMB, Claimed Amount |
19,620,632 | |
2,847,281 | |
1,987,601 | |
24,455,514 | |
( us-gaap:LossContingencyDamagesAwardedValue ) |
| |
| |
| |
| |
|
(End Disclosure - Subsequent Events - Schedule of Claims of Lawsuits (Details)) |
|
Disclosure - Subsequent Events - Schedule of Settlement of Cases (Details) |
Disclosure - Subsequent Events - Schedule of Settlement of Cases (Details) (USD $) |
0 Months Ended |
( us-gaap:SubsequentEventsAbstract ) |
|
|
May. 6, 2020 |
May. 6, 2020 |
May. 6, 2020 |
May. 6, 2020 |
( us-gaap:SubsequentEventTypeAxis ) |
|
|
|
|
|
Subsequent Event [Member] Property Buy-Back Related Issues [Member] |
Subsequent Event [Member] Leases and Leases Back Related Issues [Member] |
Subsequent Event [Member] Other Issues [Member] |
Subsequent Event [Member] |
( us-gaap:SubsequentEventTypeDomain ) |
|
|
|
|
Total resolved cases |
238 | |
241 | |
77 | |
556 | |
( custom:NumberOfResolvedCases [Extension] ) |
| |
| |
| |
| |
Total resolved cases, Cases resolved in 2019 |
184 | |
139 | |
64 | |
387 | |
( custom:NumberOfResolvedCasesForCurrentPeriod [Extension] ) |
| |
| |
| |
| |
Total resolved cases, Resolved after March 31, 2019 |
— | |
1 | |
1 | |
1 | |
( us-gaap:LitigationSettlementAmountAwardedToOtherParty ) |
| |
| |
| |
| |
|
(End Disclosure - Subsequent Events - Schedule of Settlement of Cases (Details)) |
Contexts |
ID |
Period |
CIK |
Dimensions |
From2019-01-01to2019-12-31 |
2019-01-01 - 2019-12-31 |
0001723083 |
|
AsOf2018-12-31 |
2018-12-31 |
0001723083 |
|
AsOf2019-05-15 |
2019-05-15 |
0001723083 |
|
AsOf2017-12-31 |
2017-12-31 |
0001723083 |
|
From2017-01-01to2017-12-31 |
2017-01-01 - 2017-12-31 |
0001723083 |
|
From2018-01-01to2018-12-31_custom_RentalIncomeMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:RentalIncomeMember |
From2017-01-01to2017-12-31_custom_RentalIncomeMember |
2017-01-01 - 2017-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:RentalIncomeMember |
From2018-01-01to2018-12-31_custom_ManagementFeeIncomeMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:ManagementFeeIncomeMember |
From2017-01-01to2017-12-31_custom_ManagementFeeIncomeMember |
2017-01-01 - 2017-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:ManagementFeeIncomeMember |
From2018-01-01to2018-12-31_custom_OtherIncomesMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:OtherIncomesMember |
From2017-01-01to2017-12-31_custom_OtherIncomesMember |
2017-01-01 - 2017-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:OtherIncomesMember |
From2018-01-01to2018-12-31_us-gaap_CommonStockMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
From2017-01-01to2017-12-31_us-gaap_CommonStockMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2017-12-31_us-gaap_CommonStockMember |
2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2018-12-31_us-gaap_CommonStockMember |
2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2016-12-31_us-gaap_CommonStockMember |
2016-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
From2018-01-01to2018-12-31_us-gaap_AdditionalPaidInCapitalMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
From2017-01-01to2017-12-31_us-gaap_AdditionalPaidInCapitalMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2017-12-31_us-gaap_AdditionalPaidInCapitalMember |
2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2018-12-31_us-gaap_AdditionalPaidInCapitalMember |
2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2016-12-31_us-gaap_AdditionalPaidInCapitalMember |
2016-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
From2018-01-01to2018-12-31_us-gaap_RetainedEarningsMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2017-01-01to2017-12-31_us-gaap_RetainedEarningsMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2017-12-31_us-gaap_RetainedEarningsMember |
2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2018-12-31_us-gaap_RetainedEarningsMember |
2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2016-12-31_us-gaap_RetainedEarningsMember |
2016-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2018-01-01to2018-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2017-01-01to2017-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2017-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2018-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2016-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2016-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2018-01-01to2018-12-31_us-gaap_NoncontrollingInterestMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2017-01-01to2017-12-31_us-gaap_NoncontrollingInterestMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2017-12-31_us-gaap_NoncontrollingInterestMember |
2017-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2018-12-31_us-gaap_NoncontrollingInterestMember |
2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2016-12-31_us-gaap_NoncontrollingInterestMember |
2016-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2016-12-31 |
2016-12-31 |
0001723083 |
|
From2018-01-01to2018-12-31_custom_DVDCMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DVDCMember |
AsOf2019-12-31_custom_SinoPrideDevelopmentLimitedMember_custom_DalianVictoryPlazaDevelopmentCoLtdMember |
2019-12-31 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:SinoPrideDevelopmentLimitedMember dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2019-12-31_custom_SinoPrideDevelopmentLimitedMember_custom_DalianVictoryBusinessManagementCoLtdMember |
2019-12-31 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:SinoPrideDevelopmentLimitedMember dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
AsOf2019-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2019-12-31_custom_DalianVictoryBusinessManagementCoLtdMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
AsOf2000-09-12_custom_SinoPrideDevelopmentLimitedMember_custom_DalianVictoryBusinessManagementCoLtdMember |
2000-09-12 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:SinoPrideDevelopmentLimitedMember dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
AsOf2000-09-12_custom_DalianVictoryPlazaDevelopmentCoLtdMember_custom_DalianVictoryBusinessManagementCoLtdMember |
2000-09-12 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
AsOf2018-06-06_custom_DalianVictoryPlazaDevelopmentCoLtdMember_custom_DalianVictoryBusinessManagementCoLtdMember |
2018-06-06 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
AsOf2017-06-30_custom_AlexBrownMember |
2017-06-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:AlexBrownMember |
From2017-05-01to2017-12-31_custom_IvenInternationalGroupLimitedMember |
2017-05-01 - 2017-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:IvenInternationalGroupLimitedMember |
From2016-11-01to2016-11-30_custom_AssignmentOfCommonStocksAndDebtRightsMember_custom_SinoPrideDevelopmentLimitedMember |
2016-11-01 - 2016-11-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfCommonStocksAndDebtRightsMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2016-11-30_custom_AssignmentOfCommonStocksAndDebtRightsMember_custom_SinoPrideDevelopmentLimitedMember |
2016-11-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfCommonStocksAndDebtRightsMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2016-11-30_custom_MrBrownIvenMember |
2016-11-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrBrownIvenMember |
From2017-09-03to2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember |
2017-09-03 - 2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_SinoPrideDevelopmentLimitedMember_custom_HKDCurrencyMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_SinoPrideDevelopmentLimitedMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_IvenInternationalGroupLimitedMember_custom_HKDCurrencyMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember dei:LegalEntityAxis: custom:IvenInternationalGroupLimitedMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_IvenInternationalGroupLimitedMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember dei:LegalEntityAxis: custom:IvenInternationalGroupLimitedMember |
From2019-01-01to2019-12-31_custom_RMBCurrencyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2019-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdMember_custom_MarchTwoTwoThousandAndSeventeenToMarchOneThousandAndNineteenMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember srt:StatementScenarioAxis: custom:MarchTwoTwoThousandAndSeventeenToMarchOneThousandAndNineteenMember |
AsOf2017-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdMember |
2017-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2017-11-13 |
2017-11-13 |
0001723083 |
|
From2019-01-01to2019-12-31_srt_MinimumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:RangeAxis: srt:MinimumMember |
From2019-01-01to2019-12-31_srt_MaximumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:RangeAxis: srt:MaximumMember |
From2019-01-01to2019-12-31_custom_GroupAPropertiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupAPropertiesMember |
From2019-01-01to2019-12-31_custom_GroupBAndCPropertiesMember_custom_UnrelatedIndividualsandEntitiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBAndCPropertiesMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:UnrelatedIndividualsandEntitiesMember |
From2019-01-01to2019-12-31_custom_GroupDPropertiesMember_custom_UnrelatedIndividualsandEntitiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDPropertiesMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:UnrelatedIndividualsandEntitiesMember |
From2018-01-01to2018-12-31_custom_GroupDPropertiesMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDPropertiesMember |
From2017-01-01to2017-12-31_custom_GroupDPropertiesMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDPropertiesMember |
AsOf2018-12-31_us-gaap_AccountingStandardsUpdate201602Member |
2018-12-31 |
0001723083 |
us-gaap:AdjustmentsForNewAccountingPronouncementsAxis: us-gaap:AccountingStandardsUpdate201602Member |
AsOf2017-12-31_us-gaap_AccountingStandardsUpdate201602Member |
2017-12-31 |
0001723083 |
us-gaap:AdjustmentsForNewAccountingPronouncementsAxis: us-gaap:AccountingStandardsUpdate201602Member |
AsOf2018-12-31_custom_PeriodendMember_custom_RMBMember |
2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2017-12-31_custom_YearendMember_custom_RMBMember |
2017-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2016-12-31_custom_YearendMember_custom_RMBMember |
2016-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_AnnualAverageMember_custom_RMBMember |
2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2017-12-31_custom_AnnualAverageMember_custom_RMBMember |
2017-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2016-12-31_custom_AnnualAverageMember_custom_RMBMember |
2016-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_PeriodendMember_custom_HKMember |
2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2017-12-31_custom_YearendMember_custom_HKMember |
2017-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2016-12-31_custom_YearendMember_custom_HKMember |
2016-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2018-12-31_custom_AnnualAverageMember_custom_HKMember |
2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2017-12-31_custom_AnnualAverageMember_custom_HKMember |
2017-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2016-12-31_custom_AnnualAverageMember_custom_HKMember |
2016-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2019-12-31_custom_GroupAPropertiesMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupAPropertiesMember |
From2019-01-01to2019-12-31_custom_GroupBPropertiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBPropertiesMember |
AsOf2019-12-31_custom_GroupBPropertiesMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBPropertiesMember |
From2019-01-01to2019-12-31_custom_GroupCPropertiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupCPropertiesMember |
AsOf2019-12-31_custom_GroupCPropertiesMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupCPropertiesMember |
AsOf2019-12-31_custom_GroupDPropertiesMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDPropertiesMember |
From2018-01-01to2018-12-31_custom_GroupAMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupAMember |
From2018-01-01to2018-12-31_custom_GroupBMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBMember |
From2018-01-01to2018-12-31_custom_GroupCMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupCMember |
From2018-01-01to2018-12-31_custom_GroupDMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDMember |
AsOf2018-12-31_custom_GroupAMember |
2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupAMember |
AsOf2018-12-31_custom_GroupBMember |
2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBMember |
AsOf2018-12-31_custom_GroupCMember |
2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupCMember |
AsOf2018-12-31_custom_GroupDMember |
2018-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDMember |
From2019-01-01to2019-12-31_custom_GroupAMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupAMember |
From2019-01-01to2019-12-31_custom_GroupBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBMember |
From2019-01-01to2019-12-31_custom_GroupCMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupCMember |
From2019-01-01to2019-12-31_custom_GroupDMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDMember |
AsOf2019-12-31_custom_GroupAMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupAMember |
AsOf2019-12-31_custom_GroupBMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupBMember |
AsOf2019-12-31_custom_GroupCMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupCMember |
AsOf2019-12-31_custom_GroupDMember |
2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDMember |
AsOf2019-12-31_custom_GroupDPropertyMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupDPropertyMember |
From2019-01-01to2019-12-31_custom_GroupDPropertyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupDPropertyMember |
AsOf2018-12-31_custom_GroupDPropertyMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupDPropertyMember |
From2018-01-01to2018-12-31_custom_GroupDPropertyMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupDPropertyMember |
AsOf2018-12-31_custom_GroupAPropertyMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupAPropertyMember |
From2018-01-01to2018-12-31_custom_GroupAPropertyMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupAPropertyMember |
AsOf2019-12-31_custom_GroupAPropertyMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupAPropertyMember |
From2019-01-01to2019-12-31_custom_GroupAPropertyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupAPropertyMember |
AsOf2019-12-31_custom_ThreeHundredAndNinetyMRMBLoanMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
AsOf2019-12-31_custom_FiftyMRMBLoanMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember |
AsOf2018-12-31_custom_RMBFiftyMLoanMember_custom_RMBCurrencyMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2018-12-31_custom_GroupBPropertyMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupBPropertyMember |
From2018-01-01to2018-12-31_custom_GroupBPropertyMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupBPropertyMember |
AsOf2019-12-31_custom_GroupBPropertyMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupBPropertyMember |
From2019-01-01to2019-12-31_custom_GroupBPropertyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:GroupBPropertyMember |
AsOf2018-12-31_custom_SMLFinancingAgreementMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:SMLFinancingAgreementMember |
From2019-01-01to2019-12-31_custom_SMLFinancingAgreementMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:SMLFinancingAgreementMember |
AsOf2019-12-31_custom_SMLFinancingAgreementMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:SMLFinancingAgreementMember |
From2018-01-01to2018-12-31_custom_ThirdPartiesMember_custom_PurchasebackOptionMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirdPartiesMember us-gaap:OptionIndexedToIssuersEquityTypeAxis: custom:PurchasebackOptionMember |
AsOf2018-12-31_custom_ThirdPartiesMember_custom_PurchasebackOptionMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirdPartiesMember us-gaap:OptionIndexedToIssuersEquityTypeAxis: custom:PurchasebackOptionMember |
From2018-01-01to2018-12-31_custom_PropertyAndEquipmentMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:PropertyAndEquipmentMember |
From2018-01-01to2018-12-31_us-gaap_OfficeEquipmentMember_srt_MinimumMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:OfficeEquipmentMember srt:RangeAxis: srt:MinimumMember |
From2018-01-01to2018-12-31_us-gaap_OfficeEquipmentMember_srt_MaximumMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:OfficeEquipmentMember srt:RangeAxis: srt:MaximumMember |
From2018-01-01to2018-12-31_us-gaap_MachineryAndEquipmentMember_srt_MinimumMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:MachineryAndEquipmentMember srt:RangeAxis: srt:MinimumMember |
From2018-01-01to2018-12-31_us-gaap_MachineryAndEquipmentMember_srt_MaximumMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:MachineryAndEquipmentMember srt:RangeAxis: srt:MaximumMember |
From2018-01-01to2018-12-31_custom_AutoMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:AutoMember |
From2018-01-01to2018-12-31_custom_ImprovementMember_srt_MinimumMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ImprovementMember srt:RangeAxis: srt:MinimumMember |
From2018-01-01to2018-12-31_custom_ImprovementMember_srt_MaximumMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ImprovementMember srt:RangeAxis: srt:MaximumMember |
AsOf2018-12-31_custom_RentalPropertyMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:RentalPropertyMember |
AsOf2018-12-31_us-gaap_OfficeEquipmentMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:OfficeEquipmentMember |
AsOf2018-12-31_us-gaap_MachineryAndEquipmentMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:MachineryAndEquipmentMember |
AsOf2018-12-31_custom_AutoMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:AutoMember |
AsOf2018-12-31_custom_ImprovementsMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ImprovementsMember |
From2019-01-01to2019-12-31_custom_RentalPropertyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:RentalPropertyMember |
From2019-01-01to2019-12-31_us-gaap_OfficeEquipmentMember_srt_MinimumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:OfficeEquipmentMember srt:RangeAxis: srt:MinimumMember |
From2019-01-01to2019-12-31_us-gaap_OfficeEquipmentMember_srt_MaximumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:OfficeEquipmentMember srt:RangeAxis: srt:MaximumMember |
From2019-01-01to2019-12-31_us-gaap_MachineryAndEquipmentMember_srt_MinimumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:MachineryAndEquipmentMember srt:RangeAxis: srt:MinimumMember |
From2019-01-01to2019-12-31_us-gaap_MachineryAndEquipmentMember_srt_MaximumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:MachineryAndEquipmentMember srt:RangeAxis: srt:MaximumMember |
From2019-01-01to2019-12-31_custom_AutoMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:AutoMember |
From2019-01-01to2019-12-31_custom_ImprovementsMember_srt_MinimumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ImprovementsMember srt:RangeAxis: srt:MinimumMember |
From2019-01-01to2019-12-31_custom_ImprovementsMember_srt_MaximumMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ImprovementsMember srt:RangeAxis: srt:MaximumMember |
AsOf2019-12-31_custom_RentalPropertyMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:RentalPropertyMember |
AsOf2019-12-31_us-gaap_OfficeEquipmentMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:OfficeEquipmentMember |
AsOf2019-12-31_us-gaap_MachineryAndEquipmentMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: us-gaap:MachineryAndEquipmentMember |
AsOf2019-12-31_custom_AutoMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:AutoMember |
AsOf2019-12-31_custom_ImprovementsMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ImprovementsMember |
From2018-01-01to2018-12-31_custom_ManagementSoftwareMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ManagementSoftwareMember |
AsOf2018-12-31_custom_ManagementSoftwareMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ManagementSoftwareMember |
From2017-01-01to2017-12-31_custom_ManagementSoftwareMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ManagementSoftwareMember |
AsOf2017-12-31_custom_ManagementSoftwareMember |
2017-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:ManagementSoftwareMember |
From2018-03-26to2018-03-27 |
2018-03-26 - 2018-03-27 |
0001723083 |
|
AsOf2018-03-27 |
2018-03-27 |
0001723083 |
|
AsOf2018-12-31_custom_FinancingLeaseBMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseBMember |
AsOf2018-12-31_custom_FinancingLeaseDMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseDMember |
AsOf2018-12-31_custom_OperatingLeasesMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:OperatingLeasesMember |
AsOf2019-12-31_custom_FinancingLeaseBMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseBMember |
AsOf2019-12-31_custom_FinancingLeaseDMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseDMember |
AsOf2019-12-31_custom_OperatingLeasesMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:OperatingLeasesMember |
AsOf2014-07-20_custom_ThreeHundredAndNinetyMRMBLoanMember |
2014-07-20 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
AsOf2014-07-20_custom_ThreeHundredAndNinetyMRMBLoanMember_custom_RMBMember |
2014-07-20 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2015-10-23to2015-10-24_custom_ThreeHundredAndNinetyMRMBLoanMember |
2015-10-23 - 2015-10-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
AsOf2015-10-24_custom_ThreeHundredAndNinetyMRMBLoanMember |
2015-10-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
AsOf2018-12-31_custom_RMBThreeHundredAndNinetyMLoanMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember |
From2014-07-19to2014-07-20_custom_ThreeHundredAndNinetyMRMBLoanMember |
2014-07-19 - 2014-07-20 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
From2017-08-16to2017-08-17_custom_RMBThreeHundredAndNinetyMLoanMember |
2017-08-16 - 2017-08-17 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember |
From2014-07-19to2014-07-20_custom_RMBThreeHundredAndNinetyMLoanMember_custom_RMBCurrencyMember |
2014-07-19 - 2014-07-20 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2018-12-31_custom_RMBThreeHundredAndNinetyMLoanMember_custom_RMBCurrencyMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2017-12-31_custom_RMBThreeHundredAndNinetyMLoanMember_custom_RMBCurrencyMember |
2017-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2015-03-24_custom_RMBFiftyMLoanMember |
2015-03-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
AsOf2015-03-24_custom_RMBFiftyMLoanMember_custom_RMBMember |
2015-03-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2015-10-23to2015-10-24_custom_RMBFiftyMLoanMember |
2015-10-23 - 2015-10-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
AsOf2015-10-24_custom_RMBFiftyMLoanMember |
2015-10-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
AsOf2018-12-31_custom_RMBFiftyMLoanMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
From2015-03-23to2015-03-24_custom_RMBFiftyMLoanMember |
2015-03-23 - 2015-03-24 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
AsOf2017-12-31_custom_RMBFiftyMLoanMember_custom_RMBCurrencyMember |
2017-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2017-12-21_custom_RMBTwentyThreeMLoanMember |
2017-12-21 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember |
AsOf2017-12-21_custom_RMBTwentyThreeMLoanMember_custom_RMBMember |
2017-12-21 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2017-12-28_custom_RMBTwentyThreeMLoanMember |
2017-12-28 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember |
AsOf2017-12-28_custom_RMBTwentyThreeMLoanMember_custom_RMBMember |
2017-12-28 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2017-12-27to2017-12-28_custom_RMBTwentyThreeMLoanMember |
2017-12-27 - 2017-12-28 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember |
AsOf2018-01-19_custom_RMBTwentyThreeMLoanMember |
2018-01-19 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember |
AsOf2018-01-19_custom_RMBTwentyThreeMLoanMember_custom_RMBMember |
2018-01-19 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2018-01-18to2018-01-19_custom_RMBTwentyThreeMLoanMember |
2018-01-18 - 2018-01-19 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember |
AsOf2017-09-29_custom_RMBNineMLoanMember |
2017-09-29 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBNineMLoanMember |
AsOf2017-09-29_custom_RMBNineMLoanMember_custom_RMBCurrencyMember |
2017-09-29 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBNineMLoanMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
From2017-09-28to2017-09-29_custom_RMBNineMLoanMember |
2017-09-28 - 2017-09-29 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBNineMLoanMember |
From2017-09-26to2017-09-27_custom_HarbinBankMember |
2017-09-26 - 2017-09-27 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember |
From2017-09-26to2017-09-27_custom_HarbinBankMember_custom_RMBCurrencyMember |
2017-09-26 - 2017-09-27 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2017-09-27_custom_HarbinBankMember |
2017-09-27 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember |
AsOf2019-12-31_custom_InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
AsOf2018-12-31_custom_InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
AsOf2018-12-31_custom_InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
AsOf2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
AsOf2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
AsOf2017-12-31_custom_InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2017-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
AsOf2019-12-31_custom_InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
AsOf2019-12-31_custom_InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
AsOf2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
AsOf2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
AsOf2019-12-31_custom_BuybackFinancingAgreementsMember_custom_UnrelatedIndividualsMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:BuybackFinancingAgreementsMember srt:TitleOfIndividualAxis: custom:UnrelatedIndividualsMember |
From2019-01-01to2019-12-31_custom_BuybackFinancingAgreementsMember_custom_UnrelatedIndividualsMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:BuybackFinancingAgreementsMember srt:TitleOfIndividualAxis: custom:UnrelatedIndividualsMember |
AsOf2018-12-31_custom_BuyBackPayableMember |
2018-12-31 |
0001723083 |
us-gaap:ExtinguishmentOfDebtAxis: custom:BuyBackPayableMember |
AsOf2019-12-31_custom_BuyBackPayableMember |
2019-12-31 |
0001723083 |
us-gaap:ExtinguishmentOfDebtAxis: custom:BuyBackPayableMember |
AsOf2019-12-31_custom_StrategyCooperationAgreementMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:StrategyCooperationAgreementMember |
From2019-01-01to2019-12-31_custom_StrategyCooperationAgreementMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:StrategyCooperationAgreementMember |
AsOf2018-12-31_custom_BuyBackFinancingAgreementsGroupBPropertiesMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:BuyBackFinancingAgreementsGroupBPropertiesMember |
AsOf2019-12-31_custom_BuyBackFinancingAgreementsGroupBPropertiesMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:BuyBackFinancingAgreementsGroupBPropertiesMember |
AsOf2018-12-31_custom_SMLFinancingAgreementsGroupCPropertiesMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:SMLFinancingAgreementsGroupCPropertiesMember |
AsOf2019-12-31_custom_SMLFinancingAgreementsGroupCPropertiesMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:SMLFinancingAgreementsGroupCPropertiesMember |
AsOf2018-12-31_custom_NetUnamortizedSMLFinancingCostMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:NetUnamortizedSMLFinancingCostMember |
AsOf2019-12-31_custom_NetUnamortizedSMLFinancingCostMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:NetUnamortizedSMLFinancingCostMember |
From2018-01-01to2018-12-31_custom_EffectiveAgreementsMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:EffectiveAgreementsMember |
From2019-01-01to2019-12-31_custom_EffectiveAgreementsMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:EffectiveAgreementsMember |
AsOf2018-12-31_custom_EffectiveAgreementsMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:EffectiveAgreementsMember |
AsOf2019-12-31_custom_EffectiveAgreementsMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:EffectiveAgreementsMember |
From2018-01-01to2018-12-31_custom_PastDueAgreementsMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:PastDueAgreementsMember |
From2019-01-01to2019-12-31_custom_PastDueAgreementsMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:PastDueAgreementsMember |
AsOf2018-12-31_custom_PastDueAgreementsMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:PastDueAgreementsMember |
AsOf2019-12-31_custom_PastDueAgreementsMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:PastDueAgreementsMember |
From2018-01-01to2018-12-31_custom_FinancingAgreementsMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FinancingAgreementsMember |
From2019-01-01to2019-12-31_custom_FinancingAgreementsMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FinancingAgreementsMember |
AsOf2018-12-31_custom_FinancingAgreementsMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FinancingAgreementsMember |
AsOf2019-12-31_custom_FinancingAgreementsMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FinancingAgreementsMember |
AsOf2019-12-31_custom_FutureExpirationYearOneMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearOneMember |
AsOf2019-12-31_custom_FutureExpirationYearTwoMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearTwoMember |
AsOf2019-12-31_custom_FutureExpirationYearThreeMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearThreeMember |
AsOf2019-12-31_custom_FutureExpirationYearFourMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearFourMember |
AsOf2019-12-31_custom_FutureExpirationYearFiveMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearFiveMember |
From2018-01-01to2018-12-31_custom_FutureExpirationYearOneMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearOneMember |
From2018-01-01to2018-12-31_custom_FutureExpirationYearTwoMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearTwoMember |
From2018-01-01to2018-12-31_custom_FutureExpirationYearThreeMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearThreeMember |
From2018-01-01to2018-12-31_custom_FutureExpirationYearFourMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearFourMember |
From2018-01-01to2018-12-31_custom_FutureExpirationYearFiveMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearFiveMember |
AsOf2018-12-31_custom_FinancingLeaseMember_custom_PropertyGroupBMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:PropertyGroupBMember |
AsOf2019-12-31_custom_FinancingLeaseMember_custom_PropertyGroupBMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:PropertyGroupBMember |
AsOf2018-12-31_custom_FinancingLeaseMember_custom_PropertyGroupDMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:PropertyGroupDMember |
AsOf2019-12-31_custom_FinancingLeaseMember_custom_PropertyGroupDMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:FinancingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:PropertyGroupDMember |
AsOf2018-12-31_custom_OperatingLeaseMember_custom_OfficeRentMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:OperatingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:OfficeRentMember |
From2019-01-01to2019-12-31_country_CN_us-gaap_ForeignCountryMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN us-gaap:IncomeTaxAuthorityAxis: us-gaap:ForeignCountryMember |
From2019-01-01to2019-12-31_country_HK_us-gaap_ForeignCountryMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:HK us-gaap:IncomeTaxAuthorityAxis: us-gaap:ForeignCountryMember |
AsOf2018-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdDalianVictoryBusinessManagementCoLtdSinoPrideDevelopmentLimitedMember |
2018-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdDalianVictoryBusinessManagementCoLtdSinoPrideDevelopmentLimitedMember |
AsOf2019-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdDalianVictoryBusinessManagementCoLtdSinoPrideDevelopmentLimitedMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdDalianVictoryBusinessManagementCoLtdSinoPrideDevelopmentLimitedMember |
From2018-01-01to2018-12-31_country_CN |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN |
From2017-01-01to2017-12-31_country_CN |
2017-01-01 - 2017-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN |
From2017-10-01to2017-12-31_country_CN |
2017-10-01 - 2017-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN |
From2018-10-01to2018-12-31_country_CN |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN |
From2018-01-01to2018-12-31_country_HK |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:HK |
From2017-01-01to2017-12-31_country_HK |
2017-01-01 - 2017-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:HK |
From2018-10-01to2018-12-31_country_HK |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:HK |
From2017-10-01to2017-12-31_country_HK |
2017-10-01 - 2017-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:HK |
From2018-01-01to2018-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_DalianVictoryPlazaDevelopmentCoLtdMember_custom_LandAndInfrastructureMember |
2019-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:LandAndInfrastructureMember |
From2019-01-01to2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_DalianVictoryPlazaDevelopmentCoLtdMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2000-12-25_custom_DalianVictoryDevelopmentCoLtdMember |
2000-12-25 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2000-12-25_custom_DalianVictoryDevelopmentCoLtdMember_custom_RMBMember |
2000-12-25 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_OneRelatedIndividualMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneRelatedIndividualMember |
AsOf2019-12-31_custom_OneRelatedIndividualMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneRelatedIndividualMember |
From1996-01-01to2008-12-31_custom_SinoPrideDevelopmentLimitedMember |
1996-01-01 - 2008-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From1998-01-01to2014-12-31_custom_SinoPrideDevelopmentLimitedMember |
1998-01-01 - 2014-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2015-01-01to2015-12-31_custom_SinoPrideDevelopmentLimitedMember |
2015-01-01 - 2015-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2018-12-31_custom_SinoPrideDevelopmentLimitedMember-986484515 |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2018-12-31_custom_ShareholderMember |
2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember |
AsOf2019-12-31_custom_ShareholderMember |
2019-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember |
AsOf2019-12-31_custom_MrAlexBrownMember |
2019-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember |
AsOf2017-12-31_custom_MrAlexBrownMember_custom_IvenInternationalGroupLimitedMember |
2017-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember srt:OwnershipAxis: custom:IvenInternationalGroupLimitedMember |
AsOf2017-12-31_custom_MrAlexBrownMember_custom_IvenInternationalGroupLimitedMember_custom_DalianYiwenNewMaterialsTechnologyDevelopmentCoLtdMember |
2017-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember dei:LegalEntityAxis: custom:IvenInternationalGroupLimitedMember srt:OwnershipAxis: custom:DalianYiwenNewMaterialsTechnologyDevelopmentCoLtdMember |
AsOf2017-12-31_custom_MrAlexBrownMember_custom_IvenInternationalGroupLimitedMember_country_CN |
2017-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember srt:OwnershipAxis: custom:IvenInternationalGroupLimitedMember srt:StatementGeographicalAxis: country:CN |
AsOf2017-12-31_custom_MrsAlexBrownMember_custom_IvenInternationalGroupLimitedMember_country_CN |
2017-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrsAlexBrownMember srt:OwnershipAxis: custom:IvenInternationalGroupLimitedMember srt:StatementGeographicalAxis: country:CN |
From2016-11-01to2016-11-30_custom_AssignmentOfCommonStockAndDebtRightsMember_custom_IvenInternationalGroupLimitedMember_custom_SinoPrideDevelopmentLimitedMember |
2016-11-01 - 2016-11-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfCommonStockAndDebtRightsMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IvenInternationalGroupLimitedMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
From2017-09-03to2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember |
2017-09-03 - 2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember_currency_HKD |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember srt:CurrencyAxis: currency:HKD |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2018-12-31_custom_ShareholderMember_custom_SinoPrideDevelopmentLimitedMember_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember_currency_HKD |
2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember srt:CurrencyAxis: currency:HKD |
AsOf2018-12-31_custom_ShareholderMember_custom_SinoPrideDevelopmentLimitedMember_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember |
2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember |
AsOf2018-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdMember-981288656 |
2018-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember-983148640 |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2017-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2018-12-31_custom_RelatedIndividualMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:RelatedIndividualMember |
AsOf2017-12-31_custom_RelatedIndividualMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:RelatedIndividualMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_InfrastructureConstructionMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:InfrastructureConstructionMember |
AsOf2017-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_InfrastructureConstructionMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:InfrastructureConstructionMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_OtherPayableMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember srt:TitleOfIndividualAxis: custom:OtherPayableMember |
AsOf2017-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_InfrastructureConstructionMember_custom_OtherPayableMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:InfrastructureConstructionMember srt:TitleOfIndividualAxis: custom:OtherPayableMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtd1Member |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtd1Member |
AsOf2017-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_RMBCurrencyMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember_us-gaap_ForeignExchangeMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:TradingActivityByTypeAxis: us-gaap:ForeignExchangeMember |
AsOf2017-12-31_custom_DalianVictoryDevelopmentCoLtdMember_us-gaap_ForeignExchangeMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:TradingActivityByTypeAxis: us-gaap:ForeignExchangeMember |
From2017-01-01to2017-12-31_custom_SinoPrideDevelopmentLimitedMember |
2017-01-01 - 2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2016-12-31_custom_SinoPrideDevelopmentLimitedMember |
2016-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2019-12-31_custom_SinoPrideDevelopmentLimitedMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2018-01-01to2018-12-31_custom_SinoPrideDevelopmentLimitedMember-986515171 |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2017-11-12to2017-11-13_custom_ChairmanAndChiefExecutiveOfficerMember |
2017-11-12 - 2017-11-13 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ChairmanAndChiefExecutiveOfficerMember |
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2017-12-11 - 2017-12-12 |
0001723083 |
srt:TitleOfIndividualAxis: custom:TwoIndividualsMember |
From2018-01-01to2018-12-31_custom_ChairmanAndChiefExecutiveOfficerMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ChairmanAndChiefExecutiveOfficerMember |
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2019-01-01 - 2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdAndDalianVictoryBusinessManagementCoLtdMember |
From2017-01-01to2017-12-31_custom_DalianVictoryBusinessManagementCoLtdMember |
2017-01-01 - 2017-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
AsOf2018-12-31_custom_DalianVictoryBusinessManagementCoLtdMember-992682218 |
2018-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
From2018-01-01to2018-12-31_custom_SinoPrideDevelopmentLimitedMember |
2018-01-01 - 2018-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2018-12-31_custom_SinoPrideDevelopmentLimitedMember |
2018-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
From2018-01-01to2018-12-31_custom_SinoPrideDevelopmentLimitedMember_custom_RMBMember |
2018-01-01 - 2018-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember srt:CurrencyAxis: custom:RMBMember |
From2017-05-17to2017-05-18_custom_UnrelatedIndividualMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:UnrelatedIndividualMember |
From2017-05-17to2017-05-18_custom_UnrelatedIndividualMember_custom_RMBMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:UnrelatedIndividualMember srt:CurrencyAxis: custom:RMBMember |
From2017-05-17to2017-05-18_custom_OneRelatedIndividualMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneRelatedIndividualMember |
From2017-05-17to2017-05-18_custom_OneRelatedIndividualMember_custom_RMBMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneRelatedIndividualMember srt:CurrencyAxis: custom:RMBMember |
From2017-05-17to2017-05-18_custom_OneIndividualMember_custom_EmployeeOfDalianVictoryDevelopmentCoLtdMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneIndividualMember srt:TitleOfIndividualAxis: custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember |
From2017-05-17to2017-05-18_custom_OneIndividualMember_custom_EmployeeOfDalianVictoryDevelopmentCoLtdMember_custom_RMBMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneIndividualMember srt:TitleOfIndividualAxis: custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember srt:CurrencyAxis: custom:RMBMember |
From2019-01-01to2019-12-31_us-gaap_SalesRevenueNetMember_custom_TenTenantsMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:ConcentrationRiskByBenchmarkAxis: us-gaap:SalesRevenueNetMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:TenTenantsMember |
From2018-01-01to2018-12-31_us-gaap_SalesRevenueNetMember_custom_TenTenantsMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:ConcentrationRiskByBenchmarkAxis: us-gaap:SalesRevenueNetMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:TenTenantsMember |
AsOf2018-06-06_custom_SinoPrideDevelopmentLimitedMember_custom_DalianVictoryPlazaDevelopmentCoLtdMember |
2018-06-06 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:SinoPrideDevelopmentLimitedMember dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2019-12-31_custom_TwentyThreeMRMBLoanMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:TwentyThreeMRMBLoanMember |
AsOf2018-12-31_custom_LoanMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:LoanMember |
AsOf2018-12-31_custom_LoanMember_custom_RMBMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:LoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
From2018-01-01to2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2018-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2019-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember_custom_HKDCurrencyMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
AsOf2018-12-31_custom_ShareholderMember_custom_SinoPrideDevelopmentLimitedMember_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_HKDCurrencyMember |
2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
From2018-01-01to2018-12-31_custom_SinoPrideDevelopmentLimitedMember_custom_RMBCurrencyMember |
2018-01-01 - 2018-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
From2017-05-17to2017-05-18_custom_UnrelatedIndividualMember_custom_RMBCurrencyMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:UnrelatedIndividualMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
From2017-05-17to2017-05-18_custom_OneRelatedIndividualMember_custom_RMBCurrencyMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneRelatedIndividualMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
From2017-05-17to2017-05-18_custom_OneIndividualMember_custom_EmployeeOfDalianVictoryDevelopmentCoLtdMember_custom_RMBCurrencyMember |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:OneIndividualMember srt:TitleOfIndividualAxis: custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
From2019-01-01to2019-12-31_us-gaap_SalesRevenueNetMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:ConcentrationRiskByBenchmarkAxis: us-gaap:SalesRevenueNetMember |
From2018-01-01to2018-12-31_custom_InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
From2019-01-01to2019-12-31_custom_InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
From2018-01-01to2018-12-31_custom_InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
From2019-01-01to2019-12-31_custom_InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
From2018-01-01to2018-12-31_custom_InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
From2019-01-01to2019-12-31_custom_InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
From2018-01-01to2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
From2019-01-01to2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
From2018-01-01to2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
From2019-01-01to2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
AsOf2018-12-31_custom_MrAlexBrownMember |
2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember |
AsOf2019-12-31_custom_RMBMember |
2019-12-31 |
0001723083 |
us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_country_CN_us-gaap_ForeignCountryMember |
2018-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN us-gaap:IncomeTaxAuthorityAxis: us-gaap:ForeignCountryMember |
AsOf2017-12-31_country_CN_us-gaap_ForeignCountryMember |
2017-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN us-gaap:IncomeTaxAuthorityAxis: us-gaap:ForeignCountryMember |
AsOf2019-12-31 |
2019-12-31 |
0001723083 |
|
From2019-01-01to2019-12-31_custom_RentalIncomeMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:RentalIncomeMember |
From2018-01-01to2018-09-30_custom_RentalIncomeMember |
2018-01-01 - 2018-09-30 |
0001723083 |
srt:ProductOrServiceAxis: custom:RentalIncomeMember |
From2019-01-01to2019-12-31_custom_ManagementFeeIncomeMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:ManagementFeeIncomeMember |
From2018-01-01to2018-09-30_custom_ManagementFeeIncomeMember |
2018-01-01 - 2018-09-30 |
0001723083 |
srt:ProductOrServiceAxis: custom:ManagementFeeIncomeMember |
From2019-01-01to2019-12-31_custom_OtherIncomesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:OtherIncomesMember |
From2018-01-01to2018-09-30_custom_OtherIncomesMember |
2018-01-01 - 2018-09-30 |
0001723083 |
srt:ProductOrServiceAxis: custom:OtherIncomesMember |
From2018-01-01to2018-09-30 |
2018-01-01 - 2018-09-30 |
0001723083 |
|
AsOf2018-09-30 |
2018-09-30 |
0001723083 |
|
From2018-01-01to2018-12-31 |
2018-01-01 - 2018-12-31 |
0001723083 |
|
From2019-01-01to2019-12-31_custom_GroupDPropertiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RealEstatePropertiesAxis: custom:GroupDPropertiesMember |
AsOf2019-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdMember643976375 |
2019-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryPlazaDevelopmentCoLtdMember |
AsOf2019-12-31_us-gaap_AccountingStandardsUpdate201602Member |
2019-12-31 |
0001723083 |
us-gaap:AdjustmentsForNewAccountingPronouncementsAxis: us-gaap:AccountingStandardsUpdate201602Member |
AsOf2019-12-31_custom_PeriodendMember_custom_RMBMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-09-30_custom_PeriodendMember_custom_RMBMember |
2018-09-30 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_AnnualAverageMember_custom_RMBMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-09-30_custom_AnnualAverageMember_custom_RMBMember |
2018-09-30 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_YTDAverageMember_custom_RMBMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YTDAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-09-30_custom_YTDAverageMember_custom_RMBMember |
2018-09-30 |
0001723083 |
srt:StatementScenarioAxis: custom:YTDAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_YTDAverageMember_custom_RMBMember |
2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YTDAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_PeriodendMember_custom_HKMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2018-09-30_custom_PeriodendMember_custom_HKMember |
2018-09-30 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2019-12-31_custom_AnnualAverageMember_custom_HKMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2018-09-30_custom_AnnualAverageMember_custom_HKMember |
2018-09-30 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2019-12-31_custom_YTDAverageMember_custom_HKMember |
2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YTDAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2018-12-31_custom_YTDAverageMember_custom_HKMember |
2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YTDAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2018-09-30_custom_YTDAverageMember_custom_HKMember |
2018-09-30 |
0001723083 |
srt:StatementScenarioAxis: custom:YTDAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
AsOf2018-12-31_custom_InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
AsOf2018-12-31_custom_InterestAtSixPointFiftyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFiftyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
AsOf2019-12-31_custom_InterestAtSixPointFiftyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFiftyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
AsOf2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
AsOf2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
From2018-01-01to2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
From2019-01-01to2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
AsOf2017-12-29_custom_StrategyCooperationAgreementMember |
2017-12-29 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:StrategyCooperationAgreementMember |
From2019-01-01to2019-12-31_custom_FutureExpirationYearOneMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearOneMember |
From2019-01-01to2019-12-31_custom_FutureExpirationYearTwoMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearTwoMember |
From2019-01-01to2019-12-31_custom_FutureExpirationYearThreeMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearThreeMember |
From2019-01-01to2019-12-31_custom_FutureExpirationYearFourMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearFourMember |
From2019-01-01to2019-12-31_custom_FutureExpirationYearFiveMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:FutureExpirationYearFiveMember |
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2019-01-01 - 2019-12-31 |
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us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2018-10-01to2018-12-31_custom_SinoPrideDevelopmentLimitedMember |
2018-10-01 - 2018-12-31 |
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us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
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2019-12-31 |
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us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember |
AsOf2019-12-31_custom_RelatedIndividualMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:RelatedIndividualMember |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_InfrastructureConstructionMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:InfrastructureConstructionMember |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember_custom_OtherPayableMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember srt:TitleOfIndividualAxis: custom:OtherPayableMember |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtd1Member |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtd1Member |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember_us-gaap_ForeignExchangeMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtdMember us-gaap:TradingActivityByTypeAxis: us-gaap:ForeignExchangeMember |
AsOf2017-12-31_custom_SinoPrideDevelopmentLimitedMember |
2017-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2019-01-01to2019-12-31_country_CN |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:CN |
From2018-01-01to2018-09-30_country_CN |
2018-01-01 - 2018-09-30 |
0001723083 |
srt:StatementGeographicalAxis: country:CN |
From2019-01-01to2019-12-31_country_HK |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementGeographicalAxis: country:HK |
From2018-01-01to2018-09-30_country_HK |
2018-01-01 - 2018-09-30 |
0001723083 |
srt:StatementGeographicalAxis: country:HK |
AsOf2019-03-28_custom_SubscriptionAgreementMember_custom_ThirtyIndividualInvestorsMember |
2019-03-28 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:SubscriptionAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirtyIndividualInvestorsMember |
AsOf2019-03-28_custom_SubscriptionAgreementMember_custom_ThirtyIndividualInvestorsMember_us-gaap_IPOMember |
2019-03-28 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:SubscriptionAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirtyIndividualInvestorsMember us-gaap:SubsidiarySaleOfStockAxis: us-gaap:IPOMember |
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2019-03-27 - 2019-03-28 |
0001723083 |
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2019-04-15 |
0001723083 |
|
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2019-04-15 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
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2018-01-01 - 2018-09-30 |
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dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdAndDalianVictoryBusinessManagementCoLtdMember |
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2019-12-31 |
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srt:OwnershipAxis: custom:DalianVictoryBusinessManagementCoLtdMember |
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2019-01-01 - 2019-12-31 |
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dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
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2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
From2019-01-01to2019-12-31_custom_SinoPrideDevelopmentLimitedMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_NewLawsuitWithNewClaimsMember |
2019-01-01 - 2019-12-31 |
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us-gaap:TypeOfArrangementAxis: custom:NewLawsuitWithNewClaimsMember |
AsOf2018-09-30_custom_ShareholderMember |
2018-09-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember |
AsOf2017-09-04_custom_ShareholderMember_custom_SinoPrideDevelopmentLimitedMember_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_HKDCurrencyMember |
2017-09-04 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
AsOf2017-09-04_custom_ShareholderMember_custom_SinoPrideDevelopmentLimitedMember_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember_custom_VictoryCommercialInvestmentLtdMember |
2017-09-04 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ShareholderMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember |
From2019-01-01to2019-12-31_custom_ChairmanAndChiefExecutiveOfficerMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:ChairmanAndChiefExecutiveOfficerMember |
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2017-05-17 - 2017-05-18 |
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srt:TitleOfIndividualAxis: custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IndividualOneMember |
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2017-05-17 - 2017-05-18 |
0001723083 |
srt:TitleOfIndividualAxis: custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IndividualOneMember us-gaap:AwardTypeAxis: custom:RMBMember |
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2017-05-17 - 2017-05-18 |
0001723083 |
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2017-05-17 - 2017-05-18 |
0001723083 |
srt:TitleOfIndividualAxis: custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IndividualTwoMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_RMBCurrencyMember |
2019-12-31 |
0001723083 |
us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
From2018-01-01to2018-09-30_us-gaap_CommonStockMember |
2018-01-01 - 2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
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2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2018-09-30_us-gaap_CommonStockMember |
2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2019-12-31_us-gaap_CommonStockMember |
2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
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2018-01-01 - 2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
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2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2018-09-30_us-gaap_AdditionalPaidInCapitalMember |
2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2019-12-31_us-gaap_AdditionalPaidInCapitalMember |
2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
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2018-01-01 - 2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
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2019-01-01 - 2019-12-31 |
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us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
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2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2019-12-31_us-gaap_RetainedEarningsMember |
2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
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2018-01-01 - 2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
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2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2018-09-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2019-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
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2018-01-01 - 2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
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2019-01-01 - 2019-12-31 |
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us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2018-09-30_us-gaap_NoncontrollingInterestMember |
2018-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2019-12-31_us-gaap_NoncontrollingInterestMember |
2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2018-06-28 |
2018-06-28 |
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|
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2018-06-28 |
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us-gaap:TypeOfArrangementAxis: custom:FinancingAgreementsMember |
AsOf2018-06-28_custom_EffectiveAgreementsMember |
2018-06-28 |
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us-gaap:TypeOfArrangementAxis: custom:EffectiveAgreementsMember |
AsOf2018-06-28_custom_LoanAgreementsMember |
2018-06-28 |
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us-gaap:TypeOfArrangementAxis: custom:LoanAgreementsMember |
AsOf2018-06-28_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember |
2018-06-28 |
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2018-06-28 |
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2018-06-27 - 2018-06-28 |
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us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
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2018-10-01 - 2018-12-31 |
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2019-01-01 - 2019-12-31 |
0001723083 |
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2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
From2019-01-01to2019-12-31_custom_ZhongKeChuangZhanInvestmentLtdMember |
2019-01-01 - 2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
AsOf2019-08-14 |
2019-08-14 |
0001723083 |
|
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2019-10-01 - 2019-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:RentalIncomeMember |
From2018-10-01to2018-12-31_custom_RentalIncomeMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:RentalIncomeMember |
From2019-10-01to2019-12-31 |
2019-10-01 - 2019-12-31 |
0001723083 |
|
From2018-10-01to2018-12-31 |
2018-10-01 - 2018-12-31 |
0001723083 |
|
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2019-10-01 - 2019-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:ManagementFeeIncomeMember |
From2018-10-01to2018-12-31_custom_ManagementFeeIncomeMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:ManagementFeeIncomeMember |
From2019-10-01to2019-12-31_custom_OtherIncomesMember |
2019-10-01 - 2019-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:OtherIncomesMember |
From2018-10-01to2018-12-31_custom_OtherIncomesMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:ProductOrServiceAxis: custom:OtherIncomesMember |
From2018-01-01to2018-03-31_us-gaap_CommonStockMember |
2018-01-01 - 2018-03-31 |
0001723083 |
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From2018-10-01to2018-12-31_us-gaap_CommonStockMember |
2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
From2019-01-01to2019-03-31_us-gaap_CommonStockMember |
2019-01-01 - 2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
From2019-10-01to2019-12-31_us-gaap_CommonStockMember |
2019-10-01 - 2019-12-31 |
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us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2018-06-30_us-gaap_CommonStockMember |
2018-06-30 |
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AsOf2019-09-30_us-gaap_CommonStockMember |
2019-09-30 |
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us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
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2018-01-01 - 2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
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2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
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2019-01-01 - 2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
From2019-10-01to2019-12-31_us-gaap_AdditionalPaidInCapitalMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2018-06-30_us-gaap_AdditionalPaidInCapitalMember |
2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2019-09-30_us-gaap_AdditionalPaidInCapitalMember |
2019-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
From2018-01-01to2018-03-31_us-gaap_RetainedEarningsMember |
2018-01-01 - 2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2018-10-01to2018-12-31_us-gaap_RetainedEarningsMember |
2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2019-01-01to2019-03-31_us-gaap_RetainedEarningsMember |
2019-01-01 - 2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2019-10-01to2019-12-31_us-gaap_RetainedEarningsMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2018-06-30_us-gaap_RetainedEarningsMember |
2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2019-09-30_us-gaap_RetainedEarningsMember |
2019-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
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2018-01-01 - 2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2018-10-01to2018-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2019-01-01to2019-03-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2019-01-01 - 2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2019-10-01to2019-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2018-06-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2019-09-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2019-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2018-01-01to2018-03-31_us-gaap_NoncontrollingInterestMember |
2018-01-01 - 2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2018-10-01to2018-12-31_us-gaap_NoncontrollingInterestMember |
2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2019-01-01to2019-03-31_us-gaap_NoncontrollingInterestMember |
2019-01-01 - 2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2019-10-01to2019-12-31_us-gaap_NoncontrollingInterestMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2018-06-30_us-gaap_NoncontrollingInterestMember |
2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2019-09-30_us-gaap_NoncontrollingInterestMember |
2019-09-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2018-01-01to2018-03-31 |
2018-01-01 - 2018-03-31 |
0001723083 |
|
From2019-01-01to2019-03-31 |
2019-01-01 - 2019-03-31 |
0001723083 |
|
AsOf2018-06-30 |
2018-06-30 |
0001723083 |
|
AsOf2019-09-30 |
2019-09-30 |
0001723083 |
|
AsOf2019-12-31_custom_SinoPrideDevelopmentLimitedMember5237578 |
2019-12-31 |
0001723083 |
us-gaap:BusinessAcquisitionAxis: custom:SinoPrideDevelopmentLimitedMember |
From2019-10-01to2019-12-31_custom_PeriodendMember_custom_RMBMember |
2019-10-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2018-10-01to2018-12-31_custom_PeriodendMember_custom_RMBMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-10-01to2019-12-31_custom_AnnualAverageMember_custom_RMBMember |
2019-10-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2018-10-01to2018-12-31_custom_AnnualAverageMember_custom_RMBMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-10-01to2019-12-31_custom_PeriodendMember_custom_HKMember |
2019-10-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:HKMember |
From2018-10-01to2018-12-31_custom_PeriodendMember_custom_HKMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:PeriodendMember us-gaap:AwardTypeAxis: custom:HKMember |
From2019-10-01to2019-12-31_custom_AnnualAverageMember_custom_HKMember |
2019-10-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
From2018-10-01to2018-12-31_custom_AnnualAverageMember_custom_HKMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:AnnualAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
From2019-01-01to2019-12-31_custom_YearendMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2018-01-01to2018-12-31_custom_YearendMember_custom_RMBMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_YearAverageMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2018-01-01to2018-12-31_custom_YearAverageMember_custom_RMBMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearAverageMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_YearendMember_custom_HKMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:HKMember |
From2018-01-01to2018-12-31_custom_YearendMember_custom_HKMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearendMember us-gaap:AwardTypeAxis: custom:HKMember |
From2019-01-01to2019-12-31_custom_YearAverageMember_custom_HKMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
From2018-01-01to2018-12-31_custom_YearAverageMember_custom_HKMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:StatementScenarioAxis: custom:YearAverageMember us-gaap:AwardTypeAxis: custom:HKMember |
From2019-01-01to2019-12-31_custom_ManagementSoftwareMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis: custom:ManagementSoftwareMember |
AsOf2019-12-31_custom_ManagementSoftwareMember |
2019-12-31 |
0001723083 |
us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis: custom:ManagementSoftwareMember |
AsOf2018-12-31_custom_ManagementSoftwareMember17856984 |
2018-12-31 |
0001723083 |
us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis: custom:ManagementSoftwareMember |
From2018-10-01to2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_OctoberOnetTwoThousandEighteenToJuneThirtyTwoThousandNineteenMember |
2018-10-01 - 2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardDateAxis: custom:OctoberOnetTwoThousandEighteenToJuneThirtyTwoThousandNineteenMember |
From2019-10-01to2019-12-31_custom_ThreeHundredAndNinetyMRMBLoanMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
From2018-10-01to2018-12-31_custom_ThreeHundredAndNinetyMRMBLoanMember |
2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
From2019-01-01to2019-12-31_custom_ThreeHundredAndNinetyMRMBLoanMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
From2018-01-01to2018-12-31_custom_ThreeHundredAndNinetyMRMBLoanMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeHundredAndNinetyMRMBLoanMember |
From2019-10-01to2019-12-31_custom_FiftyMRMBLoanMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember |
From2018-10-01to2018-12-31_custom_FiftyMRMBLoanMember |
2018-10-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember |
From2019-01-01to2019-12-31_custom_FiftyMRMBLoanMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember |
From2018-01-01to2018-12-31_custom_FiftyMRMBLoanMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember |
From2018-09-26to2018-09-27_custom_HarbinBankMember_custom_RMBNineteenPointNineMLoanMember |
2018-09-26 - 2018-09-27 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:TypeOfArrangementAxis: custom:RMBNineteenPointNineMLoanMember |
From2018-09-26to2018-09-27_custom_HarbinBankMember_custom_RMBMember_custom_RMBNineteenPointNineMLoanMember |
2018-09-26 - 2018-09-27 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:AwardTypeAxis: custom:RMBMember us-gaap:TypeOfArrangementAxis: custom:RMBNineteenPointNineMLoanMember |
AsOf2018-09-27_custom_HarbinBankMember_custom_RMBNineteenPointNineMLoanMember |
2018-09-27 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:TypeOfArrangementAxis: custom:RMBNineteenPointNineMLoanMember |
From2019-03-25to2019-03-26_custom_HarbinBankMember_custom_RMBTenPointTwoFourMLoanMember |
2019-03-25 - 2019-03-26 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:TypeOfArrangementAxis: custom:RMBTenPointTwoFourMLoanMember |
From2019-03-25to2019-03-26_custom_HarbinBankMember_custom_RMBMember_custom_RMBTenPointTwoFourMLoanMember |
2019-03-25 - 2019-03-26 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:TypeOfArrangementAxis: custom:RMBTenPointTwoFourMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-03-26_custom_HarbinBankMember_custom_RMBTenPointTwoFourMLoanMember |
2019-03-26 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:TypeOfArrangementAxis: custom:RMBTenPointTwoFourMLoanMember |
AsOf2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
AsOf2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
From2018-01-01to2018-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
AsOf2019-12-31_custom_BuybackFinancingAgreementsMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:BuybackFinancingAgreementsMember |
AsOf2019-12-31_custom_SMLFinancingAgreementsMember |
2019-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:SMLFinancingAgreementsMember |
AsOf2018-12-31_custom_PurchaseBackFinancingAgreementsMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:PurchaseBackFinancingAgreementsMember |
AsOf2018-12-31_custom_SMLFinancingAgreementsMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:SMLFinancingAgreementsMember |
From2019-10-01to2019-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2019-10-01 - 2019-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
From2018-10-01to2018-12-31_custom_DalianVictoryDevelopmentCoLtdMember |
2018-10-01 - 2018-12-31 |
0001723083 |
srt:OwnershipAxis: custom:DalianVictoryDevelopmentCoLtdMember |
From2019-10-01to2019-12-31_custom_SinoPrideDevelopmentLimitedMember |
2019-10-01 - 2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2018-07-01to2018-09-30_custom_SinoPrideDevelopmentLimitedMember |
2018-07-01 - 2018-09-30 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2018-01-01to2018-09-30_custom_SinoPrideDevelopmentLimitedMember |
2018-01-01 - 2018-09-30 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2019-01-01to2019-12-31_custom_OperatingLeaseAgreementMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:OperatingLeaseAgreementMember |
AsOf2019-12-31_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
From2019-04-14to2019-04-15 |
2019-04-14 - 2019-04-15 |
0001723083 |
|
From2018-01-01to2018-12-31_custom_InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
From2019-01-01to2019-12-31_custom_InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
From2019-01-01to2019-03-31_custom_RMBThreeHundredAndNinetyMLoanMember |
2019-01-01 - 2019-03-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember |
From2019-01-01to2019-12-31_custom_RMBFiftyMLoanMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
AsOf2020-05-14 |
2020-05-14 |
0001723083 |
|
From2019-04-01to2019-06-30_us-gaap_CommonStockMember |
2019-04-01 - 2019-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
From2018-04-01to2018-06-30_us-gaap_CommonStockMember |
2018-04-01 - 2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2019-03-31_us-gaap_CommonStockMember |
2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
AsOf2018-03-31_us-gaap_CommonStockMember |
2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:CommonStockMember |
From2019-04-01to2019-06-30_us-gaap_AdditionalPaidInCapitalMember |
2019-04-01 - 2019-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
From2018-04-01to2018-06-30_us-gaap_AdditionalPaidInCapitalMember |
2018-04-01 - 2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2019-03-31_us-gaap_AdditionalPaidInCapitalMember |
2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
AsOf2018-03-31_us-gaap_AdditionalPaidInCapitalMember |
2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AdditionalPaidInCapitalMember |
From2019-04-01to2019-06-30_us-gaap_RetainedEarningsMember |
2019-04-01 - 2019-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2018-04-01to2018-06-30_us-gaap_RetainedEarningsMember |
2018-04-01 - 2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2019-03-31_us-gaap_RetainedEarningsMember |
2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
AsOf2018-03-31_us-gaap_RetainedEarningsMember |
2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:RetainedEarningsMember |
From2019-04-01to2019-06-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2019-04-01 - 2019-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2018-04-01to2018-06-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-04-01 - 2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2019-03-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
AsOf2018-03-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember |
2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:AccumulatedOtherComprehensiveIncomeMember |
From2019-04-01to2019-06-30_us-gaap_NoncontrollingInterestMember |
2019-04-01 - 2019-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2018-04-01to2018-06-30_us-gaap_NoncontrollingInterestMember |
2018-04-01 - 2018-06-30 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2019-03-31_us-gaap_NoncontrollingInterestMember |
2019-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
AsOf2018-03-31_us-gaap_NoncontrollingInterestMember |
2018-03-31 |
0001723083 |
us-gaap:StatementEquityComponentsAxis: us-gaap:NoncontrollingInterestMember |
From2019-04-01to2019-06-30 |
2019-04-01 - 2019-06-30 |
0001723083 |
|
From2018-04-01to2018-06-30 |
2018-04-01 - 2018-06-30 |
0001723083 |
|
AsOf2019-03-31 |
2019-03-31 |
0001723083 |
|
AsOf2018-03-31 |
2018-03-31 |
0001723083 |
|
From2019-01-01to2019-12-31_us-gaap_PrimeRateMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:VariableRateAxis: us-gaap:PrimeRateMember |
From2018-01-01to2018-12-31_us-gaap_PrimeRateMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:VariableRateAxis: us-gaap:PrimeRateMember |
From2019-10-31to2019-11-01_us-gaap_SubsequentEventMember_custom_NewLawsuitWithNewClaimsMember |
2019-10-31 - 2019-11-01 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:NewLawsuitWithNewClaimsMember |
From2019-10-31to2019-11-01_us-gaap_SubsequentEventMember_custom_DalianCityChinaMember |
2019-10-31 - 2019-11-01 |
0001723083 |
srt:StatementGeographicalAxis: custom:DalianCityChinaMember |
From2019-10-31to2019-11-01_us-gaap_SubsequentEventMember_custom_DalianCityChinaMember_custom_RMBMember |
2019-10-31 - 2019-11-01 |
0001723083 |
srt:StatementGeographicalAxis: custom:DalianCityChinaMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-11-13to2019-11-14_us-gaap_SubsequentEventMember_custom_PropertyBuyBackRelatedIssuesMember |
2019-11-13 - 2019-11-14 |
0001723083 |
srt:LitigationCaseAxis: custom:PropertyBuyBackRelatedIssuesMember |
From2019-11-13to2019-11-14_us-gaap_SubsequentEventMember_custom_LeasesAndLeasesBackRelatedIssuesMember |
2019-11-13 - 2019-11-14 |
0001723083 |
srt:LitigationCaseAxis: custom:LeasesAndLeasesBackRelatedIssuesMember |
From2019-11-13to2019-11-14_us-gaap_SubsequentEventMember_custom_OtherIssuesMember |
2019-11-13 - 2019-11-14 |
0001723083 |
srt:LitigationCaseAxis: custom:OtherIssuesMember |
From2019-01-01to2019-12-31_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_OctoberOnetTwoThousandEighteenToSeptemberThirtyTwoThousandNineteenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardDateAxis: custom:OctoberOnetTwoThousandEighteenToSeptemberThirtyTwoThousandNineteenMember |
AsOf2018-12-31_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
From2019-10-01to2019-12-31_custom_ZhongKeChuangZhanInvestmentLtdMember |
2019-10-01 - 2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
AsOf2019-12-31_custom_ZhongKeChuangZhanInvestmentLtdMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
From2019-01-01to2019-12-31_custom_RMBThreeHundredAndNinetyMLoanMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember |
From2019-01-01to2019-12-31_custom_HarbinBankMember_custom_MarchTwoThousandTwentyMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember us-gaap:AwardDateAxis: custom:MarchTwoThousandTwentyMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_BuybackFinancingAgreementsMember_custom_OwnersOfThePropertyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:BuybackFinancingAgreementsMember srt:TitleOfIndividualAxis: custom:OwnersOfThePropertyMember |
From2019-01-01to2019-12-31_custom_BuybackFinancingAgreementsMember_custom_OwnersOfThePropertyMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:BuybackFinancingAgreementsMember srt:TitleOfIndividualAxis: custom:OwnersOfThePropertyMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_BuybackFinancingAgreementsMember |
2018-12-31 |
0001723083 |
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis: custom:BuybackFinancingAgreementsMember |
From2018-01-01to2018-12-31_custom_DalianVictoryPlazaDevelopmentCoLtdAndDalianVictoryBusinessManagementCoLtdMember |
2018-01-01 - 2018-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:DalianVictoryPlazaDevelopmentCoLtdAndDalianVictoryBusinessManagementCoLtdMember |
AsOf2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember |
2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
AsOf2015-12-31_custom_SinoPrideDevelopmentLimitedMember |
2015-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:SinoPrideDevelopmentLimitedMember |
From2019-01-01to2019-12-31_custom_MrAlexBrownMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember |
From2018-01-01to2018-12-31_custom_MrAlexBrownMember |
2018-01-01 - 2018-12-31 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember |
From2017-05-17to2017-05-18_custom_UnrelatedIndividualMember_custom_RMBMember462157140 |
2017-05-17 - 2017-05-18 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:UnrelatedIndividualMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-10-01to2019-12-31_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember |
2019-10-01 - 2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_srt_ParentCompanyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
srt:ConsolidatedEntitiesAxis: srt:ParentCompanyMember |
From2019-11-13to2019-11-14_us-gaap_SubsequentEventMember |
2019-11-13 - 2019-11-14 |
0001723083 |
|
From2019-01-01to2019-12-31_custom_ThirdPartiesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirdPartiesMember |
AsOf2019-12-31_custom_ThirdPartiesMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirdPartiesMember |
From2018-01-01to2018-12-31_custom_ManagementSoftwareMember900454609 |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis: custom:ManagementSoftwareMember |
AsOf2019-12-31_custom_OperatingLeaseMember_custom_OfficeRentMember278432984 |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:OperatingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:OfficeRentMember |
From2018-01-01to2018-12-31_custom_ThirdPartiesMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirdPartiesMember |
AsOf2018-12-31_custom_ThirdPartiesMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:ThirdPartiesMember |
From2018-07-01to2018-09-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember |
2018-07-01 - 2018-09-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
From2018-10-01to2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_OctoberOnetTwoThousandEighteenToSeptemberThirtyTwoThousandNineteenMember |
2018-10-01 - 2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardDateAxis: custom:OctoberOnetTwoThousandEighteenToSeptemberThirtyTwoThousandNineteenMember |
AsOf2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember_srt_MinimumMember |
2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardTypeAxis: custom:RMBMember srt:RangeAxis: srt:MinimumMember |
AsOf2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_custom_RMBMember_srt_MaximumMember |
2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember us-gaap:AwardTypeAxis: custom:RMBMember srt:RangeAxis: srt:MaximumMember |
From2019-06-01to2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember |
2019-06-01 - 2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember |
AsOf2019-12-31_custom_RMBThreeHundredAndNinetyMLoanMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember |
AsOf2019-12-31_custom_RMBThreeHundredAndNinetyMLoanMember_custom_RMBMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_RMBThreeHundredAndNinetyMLoanMember_custom_RMBMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_FiftyMRMBLoanMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember |
AsOf2019-12-31_custom_FiftyMRMBLoanMember_custom_RMBMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_FiftyMRMBLoanMember_custom_RMBMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:FiftyMRMBLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2018-01-01to2018-12-31_custom_RMBFiftyMLoanMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
From2018-01-01to2018-12-31_custom_RMBThreeHundredAndNinetyMLoanMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBThreeHundredAndNinetyMLoanMember |
AsOf2019-12-31_custom_RMBFiftyMLoanMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember |
AsOf2019-12-31_custom_RMBFiftyMLoanMember_custom_RMBMember |
2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_RMBFiftyMLoanMember_custom_RMBMember |
2018-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember_custom_NewLawsuitWithNewClaimsMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember us-gaap:TypeOfArrangementAxis: custom:NewLawsuitWithNewClaimsMember |
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember_custom_DalianCityChinaMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember srt:StatementGeographicalAxis: custom:DalianCityChinaMember |
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember_custom_DalianCityChinaMember_custom_RMBMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember srt:StatementGeographicalAxis: custom:DalianCityChinaMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2020-05-13to2020-05-15_us-gaap_SubsequentEventMember |
2020-05-13 - 2020-05-15 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember |
From2019-04-01to2019-12-31 |
2019-04-01 - 2019-12-31 |
0001723083 |
|
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember_custom_PropertyBuyBackRelatedIssuesMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember srt:LitigationCaseAxis: custom:PropertyBuyBackRelatedIssuesMember |
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember_custom_LeasesAndLeasesBackRelatedIssuesMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember srt:LitigationCaseAxis: custom:LeasesAndLeasesBackRelatedIssuesMember |
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember_custom_OtherIssuesMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember srt:LitigationCaseAxis: custom:OtherIssuesMember |
From2020-05-03to2020-05-06_us-gaap_SubsequentEventMember |
2020-05-03 - 2020-05-06 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember |
From2019-01-01to2019-12-31_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2018-12-31_custom_OperatingLeaseMember_custom_PropertyGroupDMember |
2018-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:OperatingLeaseMember us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis: custom:PropertyGroupDMember |
AsOf2017-06-30_custom_MrAlexBrownMember_custom_IvenInternationalGroupLimitedMember |
2017-06-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember srt:OwnershipAxis: custom:IvenInternationalGroupLimitedMember |
AsOf2017-06-30_custom_MrAlexBrownMember_custom_IvenInternationalGroupLimitedMember_custom_DalianYiwenNewMaterialsTechnologyDevelopmentCoLtdMember |
2017-06-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember dei:LegalEntityAxis: custom:IvenInternationalGroupLimitedMember srt:OwnershipAxis: custom:DalianYiwenNewMaterialsTechnologyDevelopmentCoLtdMember |
AsOf2017-06-30_custom_MrAlexBrownMember_custom_IvenInternationalGroupLimitedMember_country_CN |
2017-06-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrAlexBrownMember srt:OwnershipAxis: custom:IvenInternationalGroupLimitedMember srt:StatementGeographicalAxis: country:CN |
AsOf2017-06-30_custom_MrsAlexBrownMember_custom_IvenInternationalGroupLimitedMember_country_CN |
2017-06-30 |
0001723083 |
srt:TitleOfIndividualAxis: custom:MrsAlexBrownMember srt:OwnershipAxis: custom:IvenInternationalGroupLimitedMember srt:StatementGeographicalAxis: country:CN |
From2016-11-01to2016-11-30_custom_AssignmentOfCommonStocksAndDebtRightsMember_custom_IvenInternationalGroupLimitedMember_custom_SinoPrideDevelopmentLimitedMember |
2016-11-01 - 2016-11-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfCommonStocksAndDebtRightsMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IvenInternationalGroupLimitedMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2016-11-30_custom_AssignmentOfCommonStocksAndDebtRightsMember_custom_IvenInternationalGroupLimitedMember_custom_SinoPrideDevelopmentLimitedMember_custom_HKDCurrencyMember |
2016-11-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfCommonStocksAndDebtRightsMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IvenInternationalGroupLimitedMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
AsOf2016-11-30_custom_AssignmentOfCommonStocksAndDebtRightsMember_custom_IvenInternationalGroupLimitedMember_custom_SinoPrideDevelopmentLimitedMember |
2016-11-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfCommonStocksAndDebtRightsMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:IvenInternationalGroupLimitedMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
From2017-09-03to2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember |
2017-09-03 - 2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember_custom_HKDCurrencyMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember us-gaap:AwardTypeAxis: custom:HKDCurrencyMember |
AsOf2017-09-04_custom_AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember_custom_VictoryCommercialInvestmentLtdMember_custom_SinoPrideDevelopmentLimitedMember |
2017-09-04 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:VictoryCommercialInvestmentLtdMember dei:LegalEntityAxis: custom:SinoPrideDevelopmentLimitedMember |
AsOf2019-12-31_custom_DalianVictoryDevelopmentCoLtd1Member_custom_RMBCurrencyMember |
2019-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtd1Member us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2018-12-31_custom_DalianVictoryDevelopmentCoLtd1Member_custom_RMBCurrencyMember |
2018-12-31 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:DalianVictoryDevelopmentCoLtd1Member us-gaap:AwardTypeAxis: custom:RMBCurrencyMember |
AsOf2019-12-31_srt_MaximumMember |
2019-12-31 |
0001723083 |
srt:RangeAxis: srt:MaximumMember |
From2017-11-12to2017-11-13_custom_AlexBrownMember |
2017-11-12 - 2017-11-13 |
0001723083 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:AlexBrownMember |
AsOf2018-12-31_custom_InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
From2018-01-01to2018-12-31_custom_InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
From2019-01-01to2019-12-31_custom_InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
From2019-12-29to2019-12-30_custom_ThreeSeparateCompensationAgreementsMember |
2019-12-29 - 2019-12-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:ThreeSeparateCompensationAgreementsMember |
From2019-01-01to2019-12-31_custom_RMBTwentyThreeMLoanMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTwentyThreeMLoanMember |
From2019-01-01to2019-12-31_custom_RMBNineteenPointNineMLoanMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBNineteenPointNineMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_RMBTenPointTwoFourMLoanMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBTenPointTwoFourMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-06-11to2019-06-12 |
2019-06-11 - 2019-06-12 |
0001723083 |
|
From2020-02-27to2020-02-28_us-gaap_SubsequentEventMember_custom_MarchOneTwentyTwentyToAugustThirtyOneTwentyTwentyMember |
2020-02-27 - 2020-02-28 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember us-gaap:AwardDateAxis: custom:MarchOneTwentyTwentyToAugustThirtyOneTwentyTwentyMember |
AsOf2020-02-28_us-gaap_SubsequentEventMember |
2020-02-28 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember |
AsOf2019-12-31_custom_FiveOutstandingLoansMember_custom_HarbinBankMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:FiveOutstandingLoansMember dei:LegalEntityAxis: custom:HarbinBankMember |
From2020-01-14to2020-01-15_us-gaap_SubsequentEventMember |
2020-01-14 - 2020-01-15 |
0001723083 |
us-gaap:SubsequentEventTypeAxis: us-gaap:SubsequentEventMember |
From2019-01-01to2019-12-31_custom_RMBFiftyMLoanMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_HarbinBankMember |
2019-12-31 |
0001723083 |
dei:LegalEntityAxis: custom:HarbinBankMember |
AsOf2019-12-31_custom_ThreeLoansMember |
2019-12-31 |
0001723083 |
us-gaap:AwardTypeAxis: custom:ThreeLoansMember |
AsOf2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_srt_MinimumMember |
2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember srt:RangeAxis: srt:MinimumMember |
AsOf2019-06-30_custom_RMBFiftyMLoanMember_custom_ZhongKeChuangZhanInvestmentLtdMember_srt_MaximumMember |
2019-06-30 |
0001723083 |
us-gaap:TypeOfArrangementAxis: custom:RMBFiftyMLoanMember dei:LegalEntityAxis: custom:ZhongKeChuangZhanInvestmentLtdMember srt:RangeAxis: srt:MaximumMember |
From2019-06-01to2019-06-30_custom_RMBMember |
2019-06-01 - 2019-06-30 |
0001723083 |
us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-06-01to2019-06-30 |
2019-06-01 - 2019-06-30 |
0001723083 |
|
AsOf2019-12-31_custom_FinancingLeasesMember |
2019-12-31 |
0001723083 |
custom:FinancingLeasesMember |
AsOf2019-12-31_custom_OperatingLeasesMember264618843 |
2019-12-31 |
0001723083 |
custom:OperatingLeasesMember |
AsOf2019-12-31_custom_OperatingLeasesOneMember |
2019-12-31 |
0001723083 |
custom:OperatingLeasesOneMember |
AsOf2018-12-31_custom_FinancingLeasesMember |
2018-12-31 |
0001723083 |
custom:FinancingLeasesMember |
AsOf2018-12-31_custom_OperatingLeasesMember264714781 |
2018-12-31 |
0001723083 |
custom:OperatingLeasesMember |
From2019-01-01to2019-12-31_custom_FinancingLeasesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
custom:FinancingLeasesMember |
From2018-01-01to2018-12-31_custom_FinancingLeasesMember |
2018-01-01 - 2018-12-31 |
0001723083 |
custom:FinancingLeasesMember |
From2019-01-01to2019-12-31_custom_OperatingLeasesMember |
2019-01-01 - 2019-12-31 |
0001723083 |
custom:OperatingLeasesMember |
From2018-01-01to2018-12-31_custom_OperatingLeasesMember |
2018-01-01 - 2018-12-31 |
0001723083 |
custom:OperatingLeasesMember |
From2019-01-01to2019-12-31_custom_OperatingLeasesOneMember |
2019-01-01 - 2019-12-31 |
0001723083 |
custom:OperatingLeasesOneMember |
From2019-01-01to2019-12-31_custom_ShortTermsLoansMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:ShortTermsLoansMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_ShortTermsLoansOneMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:ShortTermsLoansOneMember us-gaap:AwardTypeAxis: custom:RMBMember |
From2019-01-01to2019-12-31_custom_ShortTermsLoansTwoMember_custom_RMBMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:ShortTermsLoansTwoMember us-gaap:AwardTypeAxis: custom:RMBMember |
AsOf2019-12-31_custom_InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyInDefaultMember |
2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyInDefaultMember |
AsOf2018-12-31_custom_InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyInDefaultMember |
2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyInDefaultMember |
From2019-01-01to2019-12-31_custom_InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
From2018-01-01to2018-12-31_custom_InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:DebtInstrumentAxis: custom:InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
From2019-01-01to2019-12-31_us-gaap_AccountsReceivableMember_custom_TenTenantsMember |
2019-01-01 - 2019-12-31 |
0001723083 |
us-gaap:ConcentrationRiskByBenchmarkAxis: us-gaap:AccountsReceivableMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:TenTenantsMember |
From2018-01-01to2018-12-31_us-gaap_AccountsReceivableMember_custom_TenTenantsMember |
2018-01-01 - 2018-12-31 |
0001723083 |
us-gaap:ConcentrationRiskByBenchmarkAxis: us-gaap:AccountsReceivableMember us-gaap:RelatedPartyTransactionsByRelatedPartyAxis: custom:TenTenantsMember |
AsOf2020-05-29 |
2020-05-29 |
0001723083 |
|
AsOf2019-12-31_custom_OperatingLeaseMember |
2019-12-31 |
0001723083 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis: custom:OperatingLeaseMember |
|
(End Contexts) |
|
Elements |
|
|
|
|
|
|
|
|
|
Element |
Data Type |
Period Type |
Balance Type |
Custom |
AccountingPoliciesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
CommitmentsAndContingenciesDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
DebtDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
GoodwillAndIntangibleAssetsDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
IncomeTaxDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
NoncontrollingInterestAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
OtherLiabilitiesDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
PayablesAndAccrualsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
PropertyPlantAndEquipmentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
RelatedPartyTransactionsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
RisksAndUncertaintiesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
SubsequentEventsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
country:CN |
nonnum:domainItemType |
| Duration |
| |
| |
|
|
|
country:HK |
nonnum:domainItemType |
| Duration |
| |
| |
|
|
|
currency:HKD |
nonnum:domainItemType |
| Duration |
| |
| |
|
|
|
custom:AccruedInterest |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Accrued interest. |
|
custom:AccruedInterestPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Accrued interest payable. |
|
custom:AccruedLegalLitigationCharges |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Accrued extra litigation charges. |
|
custom:AccruedPrincipleAndInterestAmount |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Accrued principle and interest amount. |
|
custom:AccumulatedDepreciationDepletionAndAmortizationRighToUseAssets |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Amount of accumulated depreciation, depletion and amortization for right to use assets. |
|
custom:AdvancesPayableToRelatedParty |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Advances payable to related party. |
|
custom:AgreementDescription |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Agreement description. |
|
custom:AlexBrownMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Alex Brown [Member] |
|
custom:AmortizationOfRightOfUseAsset |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Amortization of right of use asset. |
|
custom:AnnualAverageMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Annual Average [Member] |
|
custom:AreaOfAssetInSquareFeet |
num:areaItemType |
| Duration |
| |
| Yes |
|
Area of asset in square feet. |
|
custom:AreaOfAssetInSquareMeters |
num:areaItemType |
| Duration |
| |
| Yes |
|
Area of asset in square meters. |
|
custom:AreaOfSquareFeet |
num:areaItemType |
| Duration |
| |
| Yes |
|
Area of Square Feet. |
|
custom:AssignmentOfAllOutstandingSharesAndAllDebtRightAgreementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Assignment of All Outstanding Shares and All Debt Right Agreement [Member] |
|
custom:AssignmentOfAllOutstandingSharesAndAllDebtRightsAgreementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Assignment of All Outstanding Shares and All Debt Rights Agreement [Member] |
|
custom:AssignmentOfCommonStockAndDebtRightsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Assignment of Common Stock and Debt Rights [Member] |
|
custom:AssignmentOfCommonStocksAndDebtRightsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Assignment of Common Stocks and Debt Rights [Member] |
|
custom:AssumedShareholderDebtAndLoanRights |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Assumed shareholder debt and loan rights. |
|
custom:AutoMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Auto [Member] |
|
custom:BankLoanInterestPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Bank loan interest payable. |
|
custom:BankLoanRepaymentTermAndDue |
xbrli:durationItemType |
| Duration |
| |
| Yes |
|
Bank loan term and due. |
|
custom:BusinessTaxes |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Business taxes. |
|
custom:BuyBackFinancingAgreementsGroupBPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Buy Back Financing Agreements - Group B Properties [Member] |
|
custom:BuyBackOfPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Buy-back of payable. |
|
custom:BuyBackPayableMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Buy-back Payable [Member] |
|
custom:BuybackFinancingAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Buy-back Financing Agreements [Member] |
|
custom:BuybackPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Buy-back payable. |
|
custom:BuybackPrice |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Buy-Back Price. |
|
custom:BuybackRelatedCasesIncludingHistoricalBuybackRemainingBalance |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Buy-back related cases: including historical buy-back remaining balance. |
|
custom:CashPaidForAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Cash Paid For [Abstract] |
|
custom:ChairmanAndChiefExecutiveOfficerMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Chairman and Chief Executive Officer [Member] |
|
custom:CostOfRentalProperty |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Cost of rental property. |
|
custom:DVDCMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
DVDC [Member] |
|
custom:DalianCityChinaMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Dalian City, China [Member] |
|
custom:DalianVictoryBusinessManagementCoLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Dalian Victory Business Management Co Ltd [Member] |
|
custom:DalianVictoryDevelopmentCoLtd1Member |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
DVDC [Member] |
|
custom:DalianVictoryDevelopmentCoLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
DVDC [Member] |
|
custom:DalianVictoryPlazaDevelopmentCoLtdAndDalianVictoryBusinessManagementCoLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
DVPD and DVBM [Member] |
|
custom:DalianVictoryPlazaDevelopmentCoLtdDalianVictoryBusinessManagementCoLtdSinoPrideDevelopmentLimitedMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
DVPD, DVBM and Sino Pride[Member] |
|
custom:DalianVictoryPlazaDevelopmentCoLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Dalian Victory Plaza Development Co Ltd [Member] |
|
custom:DalianYiwenNewMaterialsTechnologyDevelopmentCoLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Dalian Yiwen New Materials Technology Development Co., Ltd |
|
custom:DebtEffectiveInterestRate |
num:percentItemType |
| Duration |
| |
| Yes |
|
Debt effective interest rate. |
|
custom:DescriptionOfProperty |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Description of Property. |
|
custom:DescriptionOnFinancialStatementPresentationAssets |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Description on financial statement presentation assets. |
|
custom:DescriptionOnFinancialStatementPresentationLiabilities |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Description on financial statement presentation liabilities. |
|
custom:DescriptionOnRentalProperties |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Description on rental properties. |
|
custom:DescriptionOnVestingPeriod |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Description on vesting period |
|
custom:DispositionOfRealEstateAndRealEstateInvestmentsPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Disposition of Real Estate and Real Estate Investments [Policy Text Block] |
|
custom:DocumentAndEntityInformationAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes (Auto) |
|
|
|
custom:DueToRelatedPartiesPrincipalAmount |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Due to related parties, loan principal. |
|
custom:EffectiveAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Effective Agreements [Member] |
|
custom:EmployeeOfDalianVictoryDevelopmentCoLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Employee of DVPD [Member] |
|
custom:EquityOwnershipPercentageDescription |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Equity ownership percentage description. |
|
custom:EstimatedFinancingPayablesOnLease |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Estimated financing payables on lease. |
|
custom:EstimatedUsefulLifeofRentalProperties |
xbrli:durationItemType |
| Duration |
| |
| Yes |
|
Estimated useful life of rental property. |
|
custom:ExpirationOfLandUseRight |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Expiration of land use rights. |
|
custom:ExpiredLeasebackPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Expired leaseback payable. |
|
custom:FiftyMRMBLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
50M RMB Loan [Member] |
|
custom:FinanceLeaseLiabilityAndOperatingLeaseLiability |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Finance lease liability and operating lease liability. |
|
custom:FinanceLeaseLiabilityAndOperatingLeaseLiabilityCurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Lease liabilities payable - current. |
|
custom:FinanceLeaseLiabilityAndOperatingLeaseLiabilityNonCurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Lease liabilities payable - non current. |
|
custom:FinancingAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Financing Agreements [Member] |
|
custom:FinancingLeaseBMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Financing Lease B [Member] |
|
custom:FinancingLeaseDMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Financing Lease D [Member] |
|
custom:FinancingLeaseExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Financing lease expense. |
|
custom:FinancingLeaseMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Financing Lease [Member] |
|
custom:FinancingLeasesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Financing Leases [Member] |
|
custom:FiveOutstandingLoansMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
5 Outstanding Loans [Member] |
|
custom:ForeignCurrencyExchangeRateTranslation |
xbrli:pureItemType |
| Duration |
| |
| Yes |
|
Foreign exchange rate used to translate amounts denominated in functional currency to reporting currency. |
|
custom:FutureExpirationYearFiveMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
12/31/2022 [Member] |
|
custom:FutureExpirationYearFourMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
12/31/2021 [Member] |
|
custom:FutureExpirationYearOneMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Past due as of 12/31/2018 [Member] |
|
custom:FutureExpirationYearThreeMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
12/31/2020 [Member] |
|
custom:FutureExpirationYearTwoMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
12/31/2019 [Member] |
|
custom:GainLossOnCollateralOfAssetsOnBehalfOfRelatedParty |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Profit or gain on collateral. |
|
custom:GroupAMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group A [Member] |
|
custom:GroupAPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group A Properties [Member] |
|
custom:GroupAPropertyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group A Property [Member] |
|
custom:GroupBAndCPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group B and C Properties [Member] |
|
custom:GroupBMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group B [Member] |
|
custom:GroupBPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group B Properties [Member] |
|
custom:GroupBPropertyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group B Property [Member] |
|
custom:GroupCMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group C [Member] |
|
custom:GroupCPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group C Properties [Member] |
|
custom:GroupDMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group D [Member] |
|
custom:GroupDPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group D Properties [Member] |
|
custom:GroupDPropertyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Group D Property [Member] |
|
custom:HKDCurrencyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
HKD Currency [Member] |
|
custom:HKMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
HK [Member] |
|
custom:HarbinBankMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Harbin Bank [Member] |
|
custom:ImprovementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Improvement [Member] |
|
custom:ImprovementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Improvements [Member] |
|
custom:IncreaseDecreaseInLeaseLiabilitiesPayable |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Increase decrease in lease liabilities payable. |
|
custom:IncreaseDecreaseInPropertyFinancingAgreementsPayable |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Increase decrease in property financing agreements payable. |
|
custom:IncreaseInLoanInterestReceivable |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Increase in loan interest receivable. |
|
custom:IndividualIncomeTax |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Individual income taxes. |
|
custom:IndividualOneMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Individual One [Member] |
|
custom:IndividualTwoMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Individual Two [Member] |
|
custom:InfrastructureConstructionMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Infrastructure Construction [Member] |
|
custom:InterestAtFivePointFourtySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 5.46% per annum, payable 07/18/2027 [Member] |
|
custom:InterestAtSevenPointEightySixPercentagePerAnnumPayableSevenEightteenTwoThousandAndTwentySevenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 7.86% per annum, payable 07/18/2027 [Member] |
|
custom:InterestAtSevenPointZeroEightPercentagePerAnnumPayableSevenNineteenTwoThousandAndTwentyFourMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 7.08% per annum, payable 07/19/2024 [Member] |
|
custom:InterestAtSevenPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 12/20/2018 [Member] |
|
custom:InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyInDefaultMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 03/11/2020 In Default [Member] |
|
custom:InterestAtSixPointFifteyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 03/11/2020 [Member] |
|
custom:InterestAtSixPointFiftyPercentagePerAnnumPayableThreeElevenTwoThousandTwentyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 03/11/2020 [Member] |
|
custom:InterestAtSixPointFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 12/20/2018 [Member] |
|
custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwelveTwoThousandAndNineteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 09/12/2019 [Member] |
|
custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableNineTwentySevenTwoThousandAndNineteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 09/27/2019 [Member] |
|
custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableThreeElevenTwoThousandAndTwentyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 03/11/2020 [Member] |
|
custom:InterestAtSixPointZeroFiftyPercentagePerAnnumPayableTwelveTwentyTwoThousandAndEighteenOneMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Interest at 6.50% per annum, payable 12/20/2018 [Member] |
|
custom:IvenInternationalGroupLimitedMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Iven International Group Limited [Member] |
|
custom:LandAndInfrastructureMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Land and Infrastructure [Member] |
|
custom:LeaseContractualTermAxis |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Lease Contractual Term [Axis] |
|
custom:LeaseContractualTermDomain |
nonnum:domainItemType |
| Duration |
| |
| Yes (Auto) |
|
|
|
custom:LeaseUnit1 |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Lease Unit1. |
|
custom:LeaseUnits1 |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Lease units. |
|
custom:LeaseUnitsOne |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Lease units. |
|
custom:LeaseUnitsThree |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Lease Units, 2021. |
|
custom:LeaseUnitsTwo |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Lease Units, 2020. |
|
custom:LeasebackLiabilities |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Lease-back liabilities. |
|
custom:LeasebackRelatedCasesIncludingHistoricalLeasebackPayableRemainingBalance |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Lease-back related cases: including historical lease-back payable remaining balance. |
|
custom:LeasebacksExpiredDescription |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Lease-backs expired, description. |
|
custom:LeasesAndLeasesBackRelatedIssuesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Leases And Leases Back Related Issues [Member] |
|
custom:LesseeFinanceLeasesAndOperatingLeasesTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Lessee finance leases and operating leases [Text Block] |
|
custom:LoanAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Loan Agreements [Member] |
|
custom:LoanAndInterestReceivable |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Loan and interest receivable. |
|
custom:LoanInterestFloatRate |
num:percentItemType |
| Instant |
| |
| Yes |
|
Loan interest float rate. |
|
custom:LoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Loan [Member] |
|
custom:LoansPayableDate |
xbrli:dateItemType |
| Duration |
| |
| Yes |
|
Loans payable, date. |
|
custom:LoansPayableInterestRatePercentage |
num:percentItemType |
| Instant |
| |
| Yes |
|
Loans payable interest rate percentage. |
|
custom:ManagementFeeIncomeMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Management Fee Income [Member] |
|
custom:ManagementSoftwareMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Management Software [Member] |
|
custom:MarchOneTwentyTwentyToAugustThirtyOneTwentyTwentyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
March 1, 2020 to August 31, 2022 [Member] |
|
custom:MarchTwoThousandTwentyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
March, 2020 [Member] |
|
custom:MarchTwoTwoThousandAndSeventeenToMarchOneThousandAndNineteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
March 2, 2017 to March 1, 2019 [Member] |
|
custom:MaximumInsuredBankDeposit |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Maximum insured bank deposit. |
|
custom:MinimumLeasePayableSquareFeetOne |
num:areaItemType |
| Instant |
| |
| Yes |
|
Minimum lease payable, square feet. |
|
custom:MinimumLeasePayableSquareFeetThree |
num:areaItemType |
| Instant |
| |
| Yes |
|
Minimum Lease Payable, Square Feet, 2021. |
|
custom:MinimumLeasePayableSquareFeetTwo |
num:areaItemType |
| Instant |
| |
| Yes |
|
Minimum Lease Payable, Square Feet, 2020. |
|
custom:MrAlexBrownMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Mr. Alex Brown [Member] |
|
custom:MrBrownIvenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Mr. Brown. Iven [Member] |
|
custom:MrsAlexBrownMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Mrs.Alex Brown [Member] |
|
custom:NetUnamortizedSMLFinancingCostMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Net Unamortized SML Financing Cost [Member] |
|
custom:NewLawsuitWithNewClaimsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
New Lawsuits with New Claims [Member] |
|
custom:NonCashOperatingLeaseExpenses |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Non cash operating lease expenses. |
|
custom:NoncontrollingInterestPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Non-controlling interest [Policy Text Block] |
|
custom:NumberOfCasesResolved |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of cases resolved. |
|
custom:NumberOfIncomeReceivesFromTenants |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of income receives from tenants. |
|
custom:NumberOfLawsuitsLitigationCases |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of lawsuits litigation cases. |
|
custom:NumberOfNewLawsuits |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of new lawsuits. |
|
custom:NumberOfOutstandingLeases |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of outstanding leases. |
|
custom:NumberOfPropertiesSold |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of properties sold. |
|
custom:NumberOfRentalPropertiesInUnits |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of rental properties in units. |
|
custom:NumberOfResolvedCases |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of resolved cases. |
|
custom:NumberOfResolvedCasesForCurrentPeriod |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Total resolved cases, Cases resolved. |
|
custom:NumberOfStoreUnits |
xbrli:integerItemType |
| Duration |
| |
| Yes |
|
Number of store units. |
|
custom:OctoberOnetTwoThousandEighteenToJuneThirtyTwoThousandNineteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
October 1, 2018 to June 30, 2019 [Member] |
|
custom:OctoberOnetTwoThousandEighteenToSeptemberThirtyTwoThousandNineteenMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
October 1, 2018 to September 30, 2019 [Member] |
|
custom:OfficeRentMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Office Rent [Member] |
|
custom:OneIndividualMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
One Individual [Member] |
|
custom:OneRelatedIndividualMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
One Related Individual [Member] |
|
custom:OperatingLeaseAgreementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Operating Lease Agreement [Member] |
|
custom:OperatingLeaseFutureMinimumPaymentsReceivable |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Operating lease future minimum payments receivable. |
|
custom:OperatingLeaseFutureMinimumPaymentsReceivableCurrent |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Operating lease future minimum payments receivable current. |
|
custom:OperatingLeaseFutureMinimumPaymentsReceivableInFourYears |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Operating lease future minimum payments receivable in four years. |
|
custom:OperatingLeaseFutureMinimumPaymentsReceivableInThreeYears |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Operating lease future minimum payments receivable in three years. |
|
custom:OperatingLeaseFutureMinimumPaymentsReceivableInTwoYears |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Operating lease future minimum payments receivable in two years. |
|
custom:OperatingLeaseMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Operating Lease [Member] |
|
custom:OperatingLeasesExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Operating leases expense. |
|
custom:OperatingLeasesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Operating Leases [Member] |
|
custom:OperatingLeasesOneMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Operating Leases One [Member] |
|
custom:OperatingLossCarryForwardYears |
xbrli:durationItemType |
| Duration |
| |
| Yes |
|
Operating loss carry forward years. |
|
custom:OperatingandFinanceLeaseRightOfUseAssetGross |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Operating and finance lease right of use asset gross. |
|
custom:OtherCostAdjustmentsOfProperties |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Other cost adjustments of properties. |
|
custom:OtherIncomesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Other Income [Member] |
|
custom:OtherIssuesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Other Issues [Member] |
|
custom:OtherPayableMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Other Payable [Member] |
|
custom:OtherSurchargesAndFees |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Other surcharges and fees. |
|
custom:OutstandingLoan |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Outstanding loan. |
|
custom:OwnersOfThePropertyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Owners of the Property [Member] |
|
custom:PastDueAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Past Due Agreements [Member] |
|
custom:PercentageForLease |
num:percentItemType |
| Duration |
| |
| Yes |
|
Percentage for lease. |
|
custom:PercentageOfDamages |
num:percentItemType |
| Instant |
| |
| Yes |
|
Percentage of damages. |
|
custom:PercentageOfInterestAgreedToPay |
num:percentItemType |
| Instant |
| |
| Yes |
|
Percentage of interest agreed to pay. |
|
custom:PercentageOfPropertyInSquareFeet |
num:percentItemType |
| Instant |
| |
| Yes |
|
Percentage of property in square feet. |
|
custom:PercentageOfRentalProperties |
xbrli:pureItemType |
| Duration |
| |
| Yes |
|
Percentage of rental properties. |
|
custom:PercentageOnOwnershipOfRentalProperties |
num:percentItemType |
| Duration |
| |
| Yes |
|
Percentage on ownership of rental properties. |
|
custom:PeriodendMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Period End [Member] |
|
custom:PrepaidExpensesAndOtherAssetsAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
|
|
custom:PrepaidExpensesAndOtherAssetsTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Prepaid expenses and other assets [Text Block] |
|
custom:PropertiesAccumulatedDepreciation |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
The cumulative amount of depreciation for rental property. |
|
custom:PropertiesUnits |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Units. |
|
custom:PropertyAndEquipmentMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Property and Equipment, Net [Member] |
|
custom:PropertyAndLandUseTaxes |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Property and land use taxes. |
|
custom:PropertyBuyBackRelatedIssuesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Property Buy-Back Related Issues [Member] |
|
custom:PropertyFinancingAgreementPayableAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
|
|
custom:PropertyFinancingAgreementPayableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Property financing agreements payable [Text Block] |
|
custom:PropertyFinancingPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Property financing payable. |
|
custom:PropertyGroupBMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Property Group B [Member] |
|
custom:PropertyGroupDMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Property Group D [Member] |
|
custom:PurchaseBackFinancingAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Purchase Back Financing Agreements [Member] |
|
custom:PurchasebackOptionMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Purchase-back Option [Member] |
|
custom:RMBCurrencyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB Currency [Member] |
|
custom:RMBFiftyMLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB 50M Loan [Member] |
|
custom:RMBMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB [Member] |
|
custom:RMBNineMLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB 9M Loan [Member] |
|
custom:RMBNineteenPointNineMLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB 19.9M Loan [Member] |
|
custom:RMBTenPointTwoFourMLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB 10.24M Loan [Member] |
|
custom:RMBThreeHundredAndNinetyMLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB 390M Loan [Member] |
|
custom:RMBTwentyThreeMLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
RMB 23M Loan [Member] |
|
custom:RecordedReductionValueOfPropertyFinancing |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Recorded reduction value of property financing. |
|
custom:RegisteredCapitalFromContribution |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Registered capital form contributions. |
|
custom:RelatedIndividualMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Related Individual [Member] |
|
custom:RelatedPartiesPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Related parties [Policy Text Block] |
|
custom:RentalIncomeMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Rental Income [Member] |
|
custom:RentalPropertiesAccumulatedDepreciation |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Rental properties accumulated depreciation. |
|
custom:RentalPropertiesAtCost |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Rental properties at cost. |
|
custom:RentalPropertiesCarryingCosts |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Carring cost of rental properties. |
|
custom:RentalPropertiesNetAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
|
|
custom:RentalPropertiesOwnedByCompanySquareFeet |
num:areaItemType |
| Instant |
| |
| Yes |
|
Rental properties owned by the company, square feet. |
|
custom:RentalPropertiesOwnedByCompanySquareMeters |
num:areaItemType |
| Instant |
| |
| Yes |
|
Rental properties owned by the company, square meters. |
|
custom:RentalPropertyMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Rental Property [Member] |
|
custom:RepaymentOfPropertyFinancingAgreementsPayable |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Repayment of property financing agreements payable. |
|
custom:RepaymentsOfInterestForThePeriod |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Repayments of interest for the period. |
|
custom:ReserveAllowance |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Reserve allowance. |
|
custom:RightOfUseAssets |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Right of use assets. |
|
custom:RightOfUseAssetsAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
|
|
custom:RightOfUseAssetsTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Right of use assets [Text Block] |
|
custom:SMLFinancingAgreementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
SML Financing Agreement [Member] |
|
custom:SMLFinancingAgreementsGroupCPropertiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
SML Financing Agreements - Group C Properties [Member] |
|
custom:SMLFinancingAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
SML Financing Agreements [Member] |
|
custom:SalesPriceOfRentalProperties |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Sales price of rental properties. |
|
custom:ScheduleOfClaimsOfLawsuitsTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Claims of Lawsuits [Table Text Block] |
|
custom:ScheduleOfDetailedInformationOnPropertyFinancingAgreementPayableTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Detailed Information on Property Financing Agreement Payable [Table Text Block] |
|
custom:ScheduleOfFinancingAgreementsTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Financing Agreements [Table Text Block] |
|
custom:ScheduleOfFutureMinimumLeasePayableTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Future Minimum Lease Payable [Table Text Block] |
|
custom:ScheduleOfLoanPayableRelatedParty |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of loan payable to DVDC [Table Text Block] |
|
custom:ScheduleOfLoanPayableTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Loan Payable to DVDC [Table Text Block] |
|
custom:ScheduleOfMaturityForFinacingAgreementPayableTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Maturity for Finacing Agreement Payable [Table Text Block] |
|
custom:ScheduleOfOperatingLeaseAndFinanceLeaseLiabilityMaturityTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Lease Liability Maturity [Table Text Block] |
|
custom:ScheduleOfOwnershipOfRentalPropertiesTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Ownership of Rental Properties [Table Text Block] |
|
custom:ScheduleOfPropertyBuybackFinancingAgreementPayableTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of property buy-back financing agreement payable [Table Text Block] |
|
custom:ScheduleOfRentalPropertiesTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of rental properties [Table Text Block] |
|
custom:ScheduleOfRightOfUseAssetsTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of right of use assets [Table Text Block] |
|
custom:ScheduleOfSaleOfRentalPropertiesGainTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Schedule of Sale of Rental Properties Gain [Table Text Block] |
|
custom:SellingPrice |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Selling Price. |
|
custom:ShareholderMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Shareholder [Member] |
|
custom:ShortTermLeaseRentExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Short term lease rent expense. |
|
custom:ShortTermsLoansMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Short-Terms Loans [Member] |
|
custom:ShortTermsLoansOneMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Short-Terms Loans One [Member] |
|
custom:ShortTermsLoansTwoMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Short-Terms Loans Two [Member] |
|
custom:SinoPrideDevelopmentLimitedMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Sino Pride Development Limited [Member] |
|
custom:StatutoryReserveAbstract |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
|
|
custom:StatutoryReserveAppropriationOfFundForCurrentPeriod |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Statutory reserve, appropriations of funds for the current period. |
|
custom:StatutoryReserveDescription |
xbrli:stringItemType |
| Duration |
| |
| Yes |
|
Statutory reserve, description. |
|
custom:StatutoryReserveTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| Yes |
|
Statutory reserve [Text Block] |
|
custom:StrategyCooperationAgreementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Strategy Cooperation Agreement [Member] |
|
custom:SubscriptionAgreementMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Subscription Agreement [Member] |
|
custom:SupplementalNoncashLeaseLiabilities |
xbrli:monetaryItemType |
| Duration |
| Credit |
| Yes |
|
Supplemental noncash lease liabilities. |
|
custom:TenTenantsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Ten Tenants [Member] |
|
custom:TenantsDepositsPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Tenants deposits payable. |
|
custom:TenantsEscrowAccount |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Tenants escrow account. |
|
custom:TermsOfLandUseRights |
xbrli:durationItemType |
| Duration |
| |
| Yes |
|
Terms of land use rights. |
|
custom:ThirdPartiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Third Parties [Member] |
|
custom:ThirtyIndividualInvestorsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
30 individual investors [Member] |
|
custom:ThreeHundredAndNinetyMRMBLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
390M RMB Loan [Member] |
|
custom:ThreeLoansMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Three Loans [Member] |
|
custom:ThreeSeparateCompensationAgreementsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Three Separate Compensation Agreements [Member] |
|
custom:TwentyThreeMRMBLoanMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
23M RMB Loan [Member] |
|
custom:TwoIndividualsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Two Individuals [Member] |
|
custom:UnionHousingHeatingAndOthers |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Union, housing, heating and others liabilities. |
|
custom:UnitsOfProperty |
xbrli:integerItemType |
| Instant |
| |
| Yes |
|
Properties unites. |
|
custom:UnpaidPrincipleAndInterestAmount |
xbrli:monetaryItemType |
| Duration |
| Debit |
| Yes |
|
Unpaid principle and interest amount. |
|
custom:UnrelatedIndividualMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Unrelated Individual [Member] |
|
custom:UnrelatedIndividualsMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Unrelated Individuals [Member] |
|
custom:UnrelatedIndividualsandEntitiesMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Unrelated Individuals and Entities [Member] |
|
custom:UnrestrictedCashBalance |
xbrli:monetaryItemType |
| Instant |
| Debit |
| Yes |
|
Unrestricted cash balance. |
|
custom:VatPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| Yes |
|
Vat payable. |
|
custom:VictoryCommercialInvestmentLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Victory Commercial Investment Ltd. [Member] |
|
custom:YTDAverageMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
YTD Average [Member] |
|
custom:YearAverageMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Year Average [Member] |
|
custom:YearendMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Year end [Member] |
|
custom:ZhongKeChuangZhanInvestmentLtdMember |
nonnum:domainItemType |
| Duration |
| |
| Yes |
|
Zhong Ke Chuang Zhan Investment, Ltd [Member] |
|
dei:AmendmentFlag |
xbrli:booleanItemType |
| Duration |
| |
| |
|
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission. |
|
dei:CurrentFiscalYearEndDate |
xbrli:gMonthDayItemType |
| Duration |
| |
| |
|
End date of current fiscal year in the format --MM-DD. |
|
dei:DocumentFiscalPeriodFocus |
dei:fiscalPeriodItemType |
| Duration |
| |
| |
|
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY. |
|
dei:DocumentFiscalYearFocus |
xbrli:gYearItemType |
| Duration |
| |
| |
|
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. |
|
dei:DocumentPeriodEndDate |
xbrli:dateItemType |
| Duration |
| |
| |
|
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. |
|
dei:DocumentType |
dei:submissionTypeItemType |
| Duration |
| |
| |
|
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'. |
|
dei:EntityCentralIndexKey |
dei:centralIndexKeyItemType |
| Duration |
| |
| |
|
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. |
|
dei:EntityCommonStockSharesOutstanding |
xbrli:sharesItemType |
| Instant |
| |
| |
|
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. |
|
dei:EntityCurrentReportingStatus |
dei:yesNoItemType |
| Duration |
| |
| |
|
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. |
|
dei:EntityDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains. |
|
dei:EntityEmergingGrowthCompany |
xbrli:booleanItemType |
| Duration |
| |
| |
|
Indicate if registrant meets the emerging growth company criteria. |
|
dei:EntityExTransitionPeriod |
xbrli:booleanItemType |
| Duration |
| |
| |
|
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards. |
|
dei:EntityFilerCategory |
dei:filerCategoryItemType |
| Duration |
| |
| |
|
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. |
|
dei:EntityInteractiveDataCurrent |
dei:yesNoItemType |
| Duration |
| |
| |
|
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). |
|
dei:EntityPublicFloat |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. |
|
dei:EntityRegistrantName |
xbrli:normalizedStringItemType |
| Duration |
| |
| |
|
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. |
|
dei:EntityShellCompany |
xbrli:booleanItemType |
| Duration |
| |
| |
|
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. |
|
dei:EntitySmallBusiness |
xbrli:booleanItemType |
| Duration |
| |
| |
|
Indicates that the company is a Smaller Reporting Company (SRC). |
|
dei:EntityVoluntaryFilers |
dei:yesNoItemType |
| Duration |
| |
| |
|
Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. |
|
dei:EntityWellKnownSeasonedIssuer |
dei:yesNoItemType |
| Duration |
| |
| |
|
Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. |
|
dei:LegalEntityAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
The set of legal entities associated with a report. |
|
srt:ConsolidatedEntitiesAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by consolidated entity or group of entities. |
|
srt:CurrencyAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by currency. |
|
srt:LitigationCaseAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of judicial proceeding, alternative dispute resolution or claim. |
|
srt:LitigationCaseTypeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Judicial proceeding, alternative dispute resolution or claim. For example, but not limited to, name of case, category of litigation, or other differentiating information. |
|
srt:MaximumMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Upper limit of the provided range. |
|
srt:MinimumMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Lower limit of the provided range. |
|
srt:MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of real estate property. |
|
srt:MortgageLoansOnRealEstateNamePropertyTypeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Land and any structures permanently fixed to it. |
|
srt:OwnershipAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment. |
|
srt:OwnershipDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment. |
|
srt:ParentCompanyMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
The registrant that controls, directly or indirectly, another entity (or entities). The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. |
|
srt:ProductOrServiceAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by product and service, or group of similar products and similar services. |
|
srt:ProductsAndServicesDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Product or service, or a group of similar products or similar services. |
|
srt:RangeAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median. |
|
srt:RangeMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median. |
|
srt:ScenarioUnspecifiedDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Scenario reported, distinguishing information from actual fact. Includes, but is not limited to, pro forma and forecast. Excludes actual facts. |
|
srt:SegmentGeographicalDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Geographical area. |
|
srt:StatementGeographicalAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by geographical components. |
|
srt:StatementScenarioAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by scenario reported, distinguishing information from actual fact. Includes, but is not limited to, pro forma and forecast. Excludes actual facts. |
|
srt:TitleOfIndividualAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by title of individual or nature of relationship to individual or group of individuals. |
|
srt:TitleOfIndividualWithRelationshipToEntityDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Title of individual, or nature of relationship to individual or group of individuals. |
|
us-gaap:AccountingPoliciesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:AccountingStandardsUpdate201602Member |
nonnum:domainItemType |
| Duration |
| |
| |
|
Accounting Standards Update 2016-02 Leases (Topic 842). |
|
us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. |
|
us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. |
|
us-gaap:AccountsPayableCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. |
|
us-gaap:AccountsReceivableMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Due from customers or clients for goods or services that have been delivered or sold. |
|
us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. |
|
us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. |
|
us-gaap:AccumulatedOtherComprehensiveIncomeMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. |
|
us-gaap:AdditionalPaidInCapitalCommonStock |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. |
|
us-gaap:AdditionalPaidInCapitalMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. |
|
us-gaap:AdjustmentsForNewAccountingPronouncementsAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by new accounting pronouncement. |
|
us-gaap:AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of decrease in additional paid in capital (APIC) resulting from direct costs associated with issuing stock. Includes, but is not limited to, legal and accounting fees and direct costs associated with stock issues under a shelf registration. |
|
us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:AdvertisingCostsPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for advertising cost. |
|
us-gaap:AdvertisingExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. |
|
us-gaap:AllowanceForDoubtfulAccountsReceivable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of allowance for credit loss on accounts receivable. |
|
us-gaap:AmortizationOfFinancingCosts |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of amortization expense attributable to debt issuance costs. |
|
us-gaap:AmortizationOfIntangibleAssets |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. |
|
us-gaap:AreaOfLand |
num:areaItemType |
| Instant |
| |
| |
|
Area of land held. |
|
us-gaap:ArrangementsAndNonarrangementTransactionsMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations. |
|
us-gaap:AssetImpairmentCharges |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. |
|
us-gaap:Assets |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. |
|
us-gaap:AssetsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:AssetsCurrentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:AssetsNoncurrentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:AwardDateAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by date or year award under share-based payment arrangement is granted. |
|
us-gaap:AwardDateDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Date or year award under share-based payment arrangement is granted. |
|
us-gaap:AwardTypeAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of award under share-based payment arrangement. |
|
us-gaap:BusinessAcquisitionAcquireeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree. |
|
us-gaap:BusinessAcquisitionAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by business combination or series of individually immaterial business combinations. |
|
us-gaap:BusinessAcquisitionDescriptionOfAcquiredEntity |
xbrli:stringItemType |
| Duration |
| |
| |
|
With respect to a business combination completed during the period, this element provides a description of the business, other than the name, which may include the industry, size, products and other important information. |
|
us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued |
xbrli:sharesItemType |
| Duration |
| |
| |
|
Number of shares of equity interests issued or issuable to acquire entity. |
|
us-gaap:BusinessCombinationConsiderationTransferred1 |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. |
|
us-gaap:CapitalLeaseObligations |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date. |
|
us-gaap:CashAndCashEquivalentsAtCarryingValue |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. |
|
us-gaap:CashAndCashEquivalentsPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. |
|
us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. |
|
us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. |
|
us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. |
|
us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. |
|
us-gaap:CashUninsuredAmount |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
The amount of cash as of the balance sheet date that is not insured by the Federal Deposit Insurance Corporation. |
|
us-gaap:CommitmentsAndContingencies |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. |
|
us-gaap:CommitmentsAndContingenciesDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:CommitmentsAndContingenciesDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for commitments and contingencies. |
|
us-gaap:CommonStockMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Stock that is subordinate to all other stock of the issuer. |
|
us-gaap:CommonStockParOrStatedValuePerShare |
num:perShareItemType |
| Instant |
| |
| |
|
Face amount or stated value per share of common stock. |
|
us-gaap:CommonStockShareSubscribedButUnissuedSubscriptionsReceivable |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of subscription receivable from investors who have been allocated common stock. |
|
us-gaap:CommonStockSharesAuthorized |
xbrli:sharesItemType |
| Instant |
| |
| |
|
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. |
|
us-gaap:CommonStockSharesIssued |
xbrli:sharesItemType |
| Instant |
| |
| |
|
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. |
|
us-gaap:CommonStockSharesOutstanding |
xbrli:sharesItemType |
| Instant |
| |
| |
|
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. |
|
us-gaap:CommonStockValue |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. |
|
us-gaap:ComprehensiveIncomeNetOfTax |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. |
|
us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. |
|
us-gaap:ComprehensiveIncomePolicyPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for comprehensive income. |
|
us-gaap:ConcentrationRiskBenchmarkDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
The denominator in a calculation of a disclosed concentration risk percentage. |
|
us-gaap:ConcentrationRiskByBenchmarkAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by benchmark of concentration risk. |
|
us-gaap:ConcentrationRiskDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. |
|
us-gaap:ConcentrationRiskOtherRisk |
xbrli:stringItemType |
| Duration |
| |
| |
|
Description of other risks that arise due to a concentration not specified in another element. At a minimum, the description informs financial statement users of the general nature of the risk. |
|
us-gaap:ConcentrationRiskPercentage1 |
num:percentItemType |
| Duration |
| |
| |
|
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. |
|
us-gaap:ConsolidationPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. |
|
us-gaap:CurrentIncomeTaxExpenseBenefit |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. |
|
us-gaap:DebtDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:DebtDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. |
|
us-gaap:DebtInstrumentAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of debt instrument, including, but not limited to, draws against credit facilities. |
|
us-gaap:DebtInstrumentCollateralAmount |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of assets pledged to secure a debt instrument. |
|
us-gaap:DebtInstrumentInterestRateStatedPercentage |
num:percentItemType |
| Instant |
| |
| |
|
Contractual interest rate for funds borrowed, under the debt agreement. |
|
us-gaap:DebtInstrumentMaturityDate |
xbrli:dateItemType |
| Duration |
| |
| |
|
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. |
|
us-gaap:DebtInstrumentMaturityDateDescription |
xbrli:stringItemType |
| Duration |
| |
| |
|
Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. |
|
us-gaap:DebtInstrumentNameDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities. |
|
us-gaap:DebtInstrumentTerm |
xbrli:durationItemType |
| Duration |
| |
| |
|
Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. |
|
us-gaap:DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of unamortized debt discount (premium) and debt issuance costs. |
|
us-gaap:DebtPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy related to debt. Includes, but is not limited to, debt issuance costs, the effects of refinancings, method of amortizing debt issuance costs and original issue discount, and classifications of debt. |
|
us-gaap:DeferredChargesPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for deferral and amortization of significant deferred charges. |
|
us-gaap:DeferredIncomeTaxExpenseBenefit |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. |
|
us-gaap:DeferredRentCredit |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
The cumulative difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property by the lessor or lessee, respectively. |
|
us-gaap:DeferredTaxAssetsNet |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. |
|
us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsDomestic |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards. |
|
us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsForeign |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign operating loss carryforwards. |
|
us-gaap:DeferredTaxAssetsValuationAllowance |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. |
|
us-gaap:DepositsAssets |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment in the future. |
|
us-gaap:Depreciation |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. |
|
us-gaap:DepreciationAndAmortization |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. |
|
us-gaap:DepreciationDepletionAndAmortization |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. |
|
us-gaap:DueToOfficersOrStockholdersCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amounts due to recorded owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company. |
|
us-gaap:DueToRelatedPartiesCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Carrying amount as of the balance sheet date of obligations due all related parties. |
|
us-gaap:EarningsPerShareAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:EarningsPerShareBasicAndDiluted |
num:perShareItemType |
| Duration |
| |
| |
|
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. |
|
us-gaap:EarningsPerSharePolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. |
|
us-gaap:EffectOfExchangeRateOnCash |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of effect of exchange rate changes on cash balances held in foreign currencies. Excludes cash equivalents. |
|
us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. |
|
us-gaap:EffectiveIncomeTaxRateContinuingOperations |
num:percentItemType |
| Duration |
| |
| |
|
Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. |
|
us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
num:percentItemType |
| Duration |
| |
| |
|
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). |
|
us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance |
num:percentItemType |
| Duration |
| |
| |
|
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. |
|
us-gaap:EffectiveIncomeTaxRateReconciliationDeductions |
num:percentItemType |
| Duration |
| |
| |
|
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deductions. Including, but not limited to, extraterritorial income exclusion deduction, qualified production activity deduction, dividend deduction, deduction for dividend paid to employee stock ownership plan, Medicare prescription drug benefit subsidy deduction, and other deductions. |
|
us-gaap:EffectiveIncomeTaxRateReconciliationDeductionsOther |
num:percentItemType |
| Duration |
| |
| |
|
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other deductions. |
|
us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential |
num:percentItemType |
| Duration |
| |
| |
|
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. |
|
us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. |
|
us-gaap:EquityAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:EquityComponentDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc. |
|
us-gaap:EquityMethodInvestmentOwnershipPercentage |
num:percentItemType |
| Instant |
| |
| |
|
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. |
|
us-gaap:ExtinguishmentOfDebtAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information pertaining to the debt extinguished including the amount of gain (loss), the income tax effect on the gain (loss), and the amount of gain (loss), net or the related income tax, by debt instrument. |
|
us-gaap:ExtinguishmentOfDebtTypeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Type of debt extinguished. |
|
us-gaap:FairValueMeasurementPolicyPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities. |
|
us-gaap:FairValueOfFinancialInstrumentsPolicy |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for determining the fair value of financial instruments. |
|
us-gaap:FinanceLeaseInterestExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of interest expense on finance lease liability. |
|
us-gaap:FinanceLeaseLiability |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Present value of lessee's discounted obligation for lease payments from finance lease. |
|
us-gaap:FinanceLeasePrincipalPayments |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of cash outflow for principal payment on finance lease. |
|
us-gaap:FinanceLeaseRightOfUseAssetAmortization |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of amortization expense attributable to right-of-use asset from finance lease. |
|
us-gaap:FinancialServicesLiabilities |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
For entities that provide full or partial financing and servicing for customers supplementary to its major operations (such as a manufacturer or a homebuilder providing and servicing loans to buyers), represents the liabilities associated with such activities, including accounts payable and accrued liabilities. |
|
us-gaap:FiniteLivedIntangibleAssetUsefulLife |
xbrli:durationItemType |
| Duration |
| |
| |
|
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. |
|
us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. |
|
us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by major type or class of finite-lived intangible assets. |
|
us-gaap:FiniteLivedIntangibleAssetsGross |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. |
|
us-gaap:FiniteLivedIntangibleAssetsMajorClassNameDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. |
|
us-gaap:FiniteLivedIntangibleAssetsNet |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. |
|
us-gaap:ForeignCountryMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Designated tax departments of governments entitled to levy and collect income taxes from the entity outside the entity's country of domicile. |
|
us-gaap:ForeignCurrencyTransactionGainLossRealized |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount before tax of foreign currency transaction realized gain (loss) recognized in the income statement. |
|
us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. |
|
us-gaap:ForeignExchangeMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Trading of derivative or nonderivative instruments whose primary underlying risk is tied to foreign exchange rates. |
|
us-gaap:GainLossOnDispositionOfAssets1 |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. |
|
us-gaap:GainLossOnSaleOfProperties |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. |
|
us-gaap:GainLossOnSaleOfPropertyPlantEquipment |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. |
|
us-gaap:GoodwillAndIntangibleAssetsDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:GuarantyLiabilities |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
This item represents a non-contingent liability for the fair value of an obligation to stand ready to perform over the term of a guaranty issued in the event that specified triggering events or conditions occur. |
|
us-gaap:IPOMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
First sale of stock by a private company to the public. |
|
us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets. |
|
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. |
|
us-gaap:IncomeStatementAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:IncomeTaxAuthorityAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by tax jurisdiction. |
|
us-gaap:IncomeTaxAuthorityDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Agency, division or body classification that levies income taxes, examines tax returns for compliance, or grants exemptions from or makes other decisions pertaining to income taxes. |
|
us-gaap:IncomeTaxDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:IncomeTaxDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. |
|
us-gaap:IncomeTaxExaminationDescription |
xbrli:stringItemType |
| Duration |
| |
| |
|
A brief description of status of the tax examination, significant findings to date, and the entity's position with respect to the findings. |
|
us-gaap:IncomeTaxExaminationPenaltiesAccrued |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
The amount of estimated penalties accrued as of the balance sheet date arising from income tax examinations. |
|
us-gaap:IncomeTaxExpenseBenefit |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. |
|
us-gaap:IncomeTaxPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. |
|
us-gaap:IncomeTaxesPaidNet |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. |
|
us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. |
|
us-gaap:IncreaseDecreaseInContractWithCustomerLiability |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable. |
|
us-gaap:IncreaseDecreaseInDueToRelatedParties |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. |
|
us-gaap:IncreaseDecreaseInOperatingCapitalAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:IncreaseDecreaseInOtherOperatingLiabilities |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of increase (decrease) in operating liabilities classified as other. |
|
us-gaap:IncreaseDecreaseInOtherReceivables |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of increase (decrease) in receivables classified as other. |
|
us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of increase (decrease) in prepaid expenses, and assets classified as other. |
|
us-gaap:IntangibleAssetsDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for all or part of the information related to intangible assets. |
|
us-gaap:IntangibleAssetsNetExcludingGoodwill |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. |
|
us-gaap:InterestExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of the cost of borrowed funds accounted for as interest expense. |
|
us-gaap:InterestExpenseDebt |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of the cost of borrowed funds accounted for as interest expense for debt. |
|
us-gaap:InterestExpenseOther |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of interest expense classified as other. |
|
us-gaap:InterestExpenseRelatedParty |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of interest expense incurred on a debt or other obligation to related party. |
|
us-gaap:InterestIncomeOther |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of interest income earned from interest bearing assets classified as other. |
|
us-gaap:InterestPaidNet |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. |
|
us-gaap:InterestPayableCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of interest payable on debt, including, but not limited to, trade payables. |
|
us-gaap:LaborAndRelatedExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. |
|
us-gaap:LeaseAndRentalExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. |
|
us-gaap:LeaseCost |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of lease cost recognized by lessee for lease contract. |
|
us-gaap:LeaseExpirationDate1 |
xbrli:dateItemType |
| Duration |
| |
| |
|
Date which lease or group of leases is set to expire, in CCYY-MM-DD format. |
|
us-gaap:LeasesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:LegalFees |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. |
|
us-gaap:LesseeFinanceLeaseDescription |
xbrli:stringItemType |
| Duration |
| |
| |
|
Description of lessee's finance lease. |
|
us-gaap:LesseeFinanceLeaseTermOfContract1 |
xbrli:durationItemType |
| Instant |
| |
| |
|
Term of lessee's finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. |
|
us-gaap:LesseeLeasesPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for leasing arrangement entered into by lessee. |
|
us-gaap:LesseeOperatingLeaseDescription |
xbrli:stringItemType |
| Duration |
| |
| |
|
Description of lessee's operating lease. |
|
us-gaap:LesseeOperatingLeaseDiscountRate |
num:percentItemType |
| Instant |
| |
| |
|
Discount rate used by lessee to determine present value of operating lease payments. |
|
us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. |
|
us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of lessee's undiscounted obligation for lease payments for operating lease. |
|
us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in next fiscal year following latest fiscal year. |
|
us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearFour |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year. |
|
us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearThree |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year. |
|
us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year. |
|
us-gaap:LesseeOperatingLeasesTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. |
|
us-gaap:LessorLeasesPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for leasing arrangements entered into by lessor. |
|
us-gaap:LessorOperatingLeaseDescription |
xbrli:stringItemType |
| Duration |
| |
| |
|
Description of lessor's operating lease. |
|
us-gaap:LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. |
|
us-gaap:Liabilities |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. |
|
us-gaap:LiabilitiesAndStockholdersEquity |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. |
|
us-gaap:LiabilitiesAndStockholdersEquityAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:LiabilitiesCurrentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:LiabilitiesNoncurrentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:LineOfCreditFacilityExpirationDate1 |
xbrli:dateItemType |
| Duration |
| |
| |
|
Date the credit facility terminates, in CCYY-MM-DD format. |
|
us-gaap:LineOfCreditFacilityInterestRateDuringPeriod |
num:percentItemType |
| Duration |
| |
| |
|
The effective interest rate during the reporting period. |
|
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. |
|
us-gaap:LitigationSettlementAmountAwardedToOtherParty |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount awarded to other party in judgment or settlement of litigation. |
|
us-gaap:LitigationSettlementExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. |
|
us-gaap:LoansPayable |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Including the current and noncurrent portions, aggregate carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer). |
|
us-gaap:LoansPayableToBank |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Including the current and noncurrent portions, carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the normal operating cycle if longer. |
|
us-gaap:LongTermDebt |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. |
|
us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:LongTermLoansFromBank |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the operating cycle if longer, excluding current portion. |
|
us-gaap:LossContingencyDamagesAwardedValue |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of damages awarded to the plaintiff in the legal matter. |
|
us-gaap:MachineryAndEquipmentMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment. |
|
us-gaap:MinimumLeasePaymentsSaleLeasebackTransactions |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of minimum lease payments for sale-leaseback transactions accounted for using the deposit method or as a financing. |
|
us-gaap:MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of minimum lease payments for sale-leaseback transactions accounted for using the deposit method or as a financing due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of minimum lease payments for sale-leaseback transactions accounted for using the deposit method or as a financing due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of minimum lease payments for sale-leaseback transactions accounted for using the deposit method or as a financing due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. |
|
us-gaap:MinorityInterest |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). |
|
us-gaap:MinorityInterestDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. |
|
us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
num:percentItemType |
| Instant |
| |
| |
|
The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. |
|
us-gaap:MinorityInterestOwnershipPercentageByParent |
num:percentItemType |
| Instant |
| |
| |
|
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. |
|
us-gaap:NetCashProvidedByUsedInFinancingActivities |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. |
|
us-gaap:NetCashProvidedByUsedInFinancingActivitiesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:NetCashProvidedByUsedInInvestingActivities |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. |
|
us-gaap:NetCashProvidedByUsedInInvestingActivitiesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:NetCashProvidedByUsedInOperatingActivities |
xbrli:monetaryItemType |
| Duration |
| |
| |
|
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. |
|
us-gaap:NetCashProvidedByUsedInOperatingActivitiesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:NetIncomeLoss |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. |
|
us-gaap:NetIncomeLossAttributableToNoncontrollingInterest |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of Net Income (Loss) attributable to noncontrolling interest. |
|
us-gaap:NetRentableArea |
num:areaItemType |
| Instant |
| |
| |
|
Net rentable area for properties owned. |
|
us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. |
|
us-gaap:NoncashInvestingAndFinancingItemsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:NoncontrollingInterestAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount after tax of income (loss) attributable to redeemable noncontrolling partner in an operating partnership. |
|
us-gaap:NoncontrollingInterestMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest. |
|
us-gaap:NonoperatingIncomeExpense |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). |
|
us-gaap:NonoperatingIncomeExpenseAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:OfficeEquipmentMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Tangible personal property used in an office setting. Examples include, but are not limited to, computers, copiers and fax machine. |
|
us-gaap:OperatingExpenses |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. |
|
us-gaap:OperatingExpensesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:OperatingIncomeLoss |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The net result for the period of deducting operating expenses from operating revenues. |
|
us-gaap:OperatingLeaseExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of operating lease expense. Excludes sublease income. |
|
us-gaap:OperatingLeasePayments |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use. |
|
us-gaap:OperatingLeaseRightOfUseAsset |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of lessee's right to use underlying asset under operating lease. |
|
us-gaap:OperatingLossCarryforwards |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. |
|
us-gaap:OptionIndexedToIssuersEquityTypeAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of freestanding contracts issued by an entity that are indexed to, and potentially settled in, an entity's own stock. |
|
us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. |
|
us-gaap:OtherAccruedLiabilitiesCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of expenses incurred but not yet paid classified as other. |
|
us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to noncontrolling interests. |
|
us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. |
|
us-gaap:OtherComprehensiveIncomeLossNetOfTax |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount after tax and reclassification adjustments of other comprehensive income (loss). |
|
us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:OtherGeneralAndAdministrativeExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of general and administrative expense classified as other. |
|
us-gaap:OtherLiabilities |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of liabilities classified as other. |
|
us-gaap:OtherLiabilitiesDisclosureAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:OtherLiabilitiesDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for other liabilities. |
|
us-gaap:OtherLiabilitiesTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of other liabilities. |
|
us-gaap:OtherNonoperatingIncome |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of income related to nonoperating activities, classified as other. |
|
us-gaap:OtherReceivables |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount due from parties in nontrade transactions, classified as other. |
|
us-gaap:PayablesAndAccrualsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:PaymentsForCapitalImprovements |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use. |
|
us-gaap:PrepaidExpenseAndOtherAssets |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets. |
|
us-gaap:PrepaidExpenseCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Carrying amount as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs. |
|
us-gaap:PrimeRateMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Interest rate charged by financial institutions to their most creditworthy borrowers. |
|
us-gaap:ProceedsFromBankDebt |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from bank borrowing during the year. |
|
us-gaap:ProceedsFromCollectionOfAdvanceToAffiliate |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from the collection of money previously advanced to an entity that is related to it but not strictly controlled. |
|
us-gaap:ProceedsFromContributionsFromAffiliates |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership. |
|
us-gaap:ProceedsFromIssuanceInitialPublicOffering |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow associated with the amount received from entity's first offering of stock to the public. |
|
us-gaap:ProceedsFromIssuanceOfCommonStock |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from the additional capital contribution to the entity. |
|
us-gaap:ProceedsFromRelatedPartyDebt |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. |
|
us-gaap:ProceedsFromRepaymentsOfShortTermDebt |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. |
|
us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. |
|
us-gaap:ProceedsFromShortTermDebt |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. |
|
us-gaap:ProfitLoss |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. |
|
us-gaap:PropertyManagementFeeRevenue |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The amount of revenue derived from managing real estate properties. |
|
us-gaap:PropertyPlantAndEquipmentAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:PropertyPlantAndEquipmentByTypeAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of long-lived, physical assets used to produce goods and services and not intended for resale. |
|
us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. |
|
us-gaap:PropertyPlantAndEquipmentGross |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. |
|
us-gaap:PropertyPlantAndEquipmentNet |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. |
|
us-gaap:PropertyPlantAndEquipmentPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. |
|
us-gaap:PropertyPlantAndEquipmentTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. |
|
us-gaap:PropertyPlantAndEquipmentTypeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. |
|
us-gaap:PropertyPlantAndEquipmentUsefulLife |
xbrli:durationItemType |
| Duration |
| |
| |
|
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. |
|
us-gaap:PropertySubjectToOrAvailableForOperatingLeaseAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by property that could be leased or is available for lease. |
|
us-gaap:PropertySubjectToOrAvailableForOperatingLeaseDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
A descriptive title of whether the property is subject to or available for operating lease. |
|
us-gaap:ProvisionForDoubtfulAccounts |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Amount of expense (reversal of expense) for expected credit loss on accounts receivable. |
|
us-gaap:RealEstateHeldForDevelopmentAndSalePolicy |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for real estate held for development or sale. |
|
us-gaap:RealEstatePropertiesAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by ownership of the property. |
|
us-gaap:RealEstatePropertiesDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Represents categories of ownership of real estate properties. |
|
us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for determining the allowance for doubtful accounts for trade and other accounts receivable balances, and when impairments, charge-offs or recoveries are recognized. |
|
us-gaap:RelatedPartyDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Related parties include affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. |
|
us-gaap:RelatedPartyTransactionsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. |
|
us-gaap:RelatedPartyTransactionsDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. |
|
us-gaap:RentalProperties |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Carrying amount of income producing properties held for rental. |
|
us-gaap:RepaymentsOfBankDebt |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The cash outflow to settle a bank borrowing during the year. |
|
us-gaap:RepaymentsOfDebt |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. |
|
us-gaap:RepaymentsOfShortTermDebt |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. |
|
us-gaap:RestrictedCash |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. |
|
us-gaap:RestrictedCashAndCashEquivalents |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. |
|
us-gaap:RetainedEarningsAccumulatedDeficit |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
The cumulative amount of the reporting entity's undistributed earnings or deficit. |
|
us-gaap:RetainedEarningsMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
The cumulative amount of the reporting entity's undistributed earnings or deficit. |
|
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. |
|
us-gaap:RevenueFromContractWithCustomerPolicyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for revenue from contract with customer. |
|
us-gaap:RevenuesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:RisksAndUncertaintiesAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:SaleLeasebackTransactionAmountDueUnderFinancingArrangement |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
The liability due as of the balance sheet date for leasebacks accounted for using the deposit method. |
|
us-gaap:SaleOfStockNameOfTransactionDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Sale of the entity's stock, including, but not limited to, initial public offering (IPO) and private placement. |
|
us-gaap:SalesRevenueNetMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Revenue from sale of product and rendering of service and other sources of income, when it serves as benchmark in concentration of risk calculation. |
|
us-gaap:ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. |
|
us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. |
|
us-gaap:ScheduleOfDebtTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. |
|
us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. |
|
us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. |
|
us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. |
|
us-gaap:ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. |
|
us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. |
|
us-gaap:ScheduleOfLossContingenciesByContingencyTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date. |
|
us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. |
|
us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the carrying amounts of other current assets. |
|
us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. |
|
us-gaap:ScheduleOfRentExpenseTableTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. |
|
us-gaap:ScheduleOfVariableInterestEntitiesTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit v |
|
us-gaap:SecurityDeposit |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
The amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease. |
|
us-gaap:SellingExpense |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
Expenses recognized in the period that are directly related to the selling and distribution of products or services. |
|
us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Award under share-based payment arrangement. |
|
us-gaap:SharesIssuedPricePerShare |
num:perShareItemType |
| Instant |
| |
| |
|
Per share or per unit amount of equity securities issued. |
|
us-gaap:SharesOutstanding |
xbrli:sharesItemType |
| Instant |
| |
| |
|
Number of shares issued which are neither cancelled nor held in the treasury. |
|
us-gaap:ShortTermBorrowings |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. |
|
us-gaap:ShortTermDebtTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for short-term debt. |
|
us-gaap:ShortTermLeasePayments |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of cash outflow for short-term lease payment excluded from lease liability. |
|
us-gaap:ShorttermDebtAverageOutstandingAmount |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
For the form of debt having an initial term of less than one year or less than the normal operating cycle, if longer, average borrowings during the period. |
|
us-gaap:SignificantAccountingPoliciesTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for all significant accounting policies of the reporting entity. |
|
us-gaap:StatementEquityComponentsAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by component of equity. |
|
us-gaap:StatementOfCashFlowsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:StatementOfFinancialPositionAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:StatementOfStockholdersEquityAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:StockIssuedDuringPeriodSharesNewIssues |
xbrli:sharesItemType |
| Duration |
| |
| |
|
Number of new stock issued during the period. |
|
us-gaap:StockIssuedDuringPeriodValueNewIssues |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. |
|
us-gaap:StockholdersEquity |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. |
|
us-gaap:StockholdersEquityAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. |
|
us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:StockholdersEquityNoteAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:StockholdersEquityNoteDisclosureTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. |
|
us-gaap:SubsequentEventMember |
nonnum:domainItemType |
| Duration |
| |
| |
|
Identifies event that occurred after the balance sheet date but before financial statements are issued or available to be issued. |
|
us-gaap:SubsequentEventTypeAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by event that occurred after the balance sheet date but before financial statements are issued or available to be issued. |
|
us-gaap:SubsequentEventTypeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Event that occurred after the balance sheet date but before financial statements are issued or available to be issued. |
|
us-gaap:SubsequentEventsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:SubsequentEventsTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. |
|
us-gaap:SubsidiarySaleOfStockAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of sale of the entity's stock. |
|
us-gaap:SubstantialDoubtAboutGoingConcernTextBlock |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern. |
|
us-gaap:SupplementalCashFlowElementsAbstract |
xbrli:stringItemType |
| Duration |
| |
| |
|
|
|
us-gaap:Supplies |
xbrli:monetaryItemType |
| Instant |
| Debit |
| |
|
Amount of consideration paid in advance for supplies that provide economic benefits within a future period of one year or the normal operating cycle, if longer. |
|
us-gaap:TaxesExcludingIncomeAndExciseTaxes |
xbrli:monetaryItemType |
| Duration |
| Debit |
| |
|
All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. |
|
us-gaap:TaxesPayableCurrentAndNoncurrent |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. |
|
us-gaap:TradingActivityByTypeAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of trading activity. |
|
us-gaap:TradingActivityByTypeDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Gains and losses on trading activities (including both derivative and nonderivative instruments) recognized in the statement of financial performance, separately by major types of items (such as fixed income/interest rates, foreign exchange, equity, commodity, and credit). |
|
us-gaap:TypeOfArrangementAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations. |
|
us-gaap:UnrecognizedTaxBenefits |
xbrli:monetaryItemType |
| Instant |
| Credit |
| |
|
Amount of unrecognized tax benefits. |
|
us-gaap:UseOfEstimates |
nonnum:textBlockItemType |
| Duration |
| |
| |
|
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. |
|
us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount |
xbrli:monetaryItemType |
| Duration |
| Credit |
| |
|
Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. |
|
us-gaap:VariableRateAxis |
xbrli:stringItemType |
| Duration |
| |
| |
|
Information by type of variable rate. |
|
us-gaap:VariableRateDomain |
nonnum:domainItemType |
| Duration |
| |
| |
|
Interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index. |
|
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
xbrli:sharesItemType |
| Duration |
| |
| |
|
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. |
|
us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
xbrli:sharesItemType |
| Duration |
| |
| |
|
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). |
|
us-gaap:WeightedAverageNumberOfSharesOutstandingBasic |
xbrli:sharesItemType |
| Duration |
| |
| |
|
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. |
|
Total Elements |
|
697 |
Total Non-Abstract Elements |
|
555 |
Total Extension Elements |
|
284 |
Percent Extended |
|
40% |
Percent Extended (excluding abstracts) |
|
49% |
Total Facts |
|
1081 |
|
(End Elements) |