S-1/A Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745

Filing Information

Form Type	S-1/A
Accession Number	`0001493152-22-011207`
Period End Date	20211231
Filing Date	20220426
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	forms-1a_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 54 Cash Flow Statement 82 Stockholders Equity 13

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable related parties	`AccountsReceivableRelatedParties`	$239.47K	USD	Point-in-time
Accounts receivable related parties	`AccountsReceivableRelatedParties`	$43.48K	USD	Point-in-time
Prepaid assets related parties	`PrepaidAssetsRelatedParties`	$1.81M	USD	Point-in-time
Prepaid assets related parties	`PrepaidAssetsRelatedParties`	$298.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$249.84K	USD	Point-in-time
Deposit assets, related parties	`RelatedPartyDepositLiabilities`	$1.60M	USD	Point-in-time
Deposit assets, related parties	`RelatedPartyDepositLiabilities`	$526.10K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$87.47K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$17.79K	USD	Point-in-time
Accounts receivable (including $43,477 and $239,468 from related parties as of December 31, 2021 and 2020, respectively)	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Accounts receivable (including $43,477 and $239,468 from related parties as of December 31, 2021 and 2020, respectively)	`AccountsReceivableNetCurrent`	$2.47M	USD	Point-in-time
Inventories	`InventoryNet`	$144.56K	USD	Point-in-time
Inventories	`InventoryNet`	$81.07K	USD	Point-in-time
Customer advances related parties	`CustomerAdvancesRelatedParties`	$15.01K	USD	Point-in-time
Customer advances related parties	`CustomerAdvancesRelatedParties`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepayments and other current assets (including $1,813,904 and $298,383 to related parties as of December 31, 2021 and 2020, respectively)	`PrepaidExpenseAndOtherAssetsCurrentGross`	$383.81K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepayments and other current assets (including $1,813,904 and $298,383 to related parties as of December 31, 2021 and 2020, respectively)	`PrepaidExpenseAndOtherAssetsCurrentGross`	$2.18M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$26.36K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	15.66M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$984.81K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	15.66M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.23M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Deposits paid (including $1,596,075 and $526,101 to related parties as of December 31, 2021 and 2020, respectively)	`DepositsAssetsNoncurrent`	$2.31M	USD	Point-in-time
Deposits paid (including $1,596,075 and $526,101 to related parties as of December 31, 2021 and 2020, respectively)	`DepositsAssetsNoncurrent`	$671.92K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$140.39K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.81K	USD	Point-in-time
Operating lease right-of use assets	`OperatingLeaseRightOfUseAsset`	$385.90K	USD	Point-in-time
Operating lease right-of use assets	`OperatingLeaseRightOfUseAsset`	$153.25K	USD	Point-in-time
Operating lease right-of use assets, related parties	`OperatingLeaseRightofuseAssetsToRelatedParties`	$160.01K	USD	Point-in-time
Operating lease right-of use assets, related parties	`OperatingLeaseRightofuseAssetsToRelatedParties`	$98.63K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.28M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.03M	USD	Point-in-time
Goodwill	`Goodwill`	$1.41M	USD	Point-in-time
Goodwill	`Goodwill`	$1.37M	USD	Point-in-time
Total Assets	`Assets`	$11.69M	USD	Point-in-time
Total Assets	`Assets`	$9.66M	USD	Point-in-time
Operating lease obligations - current	`OperatingLeaseLiabilityCurrent`	$133.59K	USD	Point-in-time
Operating lease obligations - current	`OperatingLeaseLiabilityCurrent`	$67.92K	USD	Point-in-time
Operating lease obligations, related parties - current	`OperatingLeaseObligationsToRelatedPartiesCurrent`	$160.24K	USD	Point-in-time
Operating lease obligations, related parties - current	`OperatingLeaseObligationsToRelatedPartiesCurrent`	$22.67K	USD	Point-in-time
Accounts payable (including $17,789 and $87,469 to related parties as of December 31, 2021 and 2020, respectively)	`AccountsPayableCurrent`	$239.49K	USD	Point-in-time
Accounts payable (including $17,789 and $87,469 to related parties as of December 31, 2021 and 2020, respectively)	`AccountsPayableCurrent`	$251.54K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$277.53K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$128.34K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	-	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$101.21K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$25.73K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$321.67K	USD	Point-in-time
Customer advances (including $nil and $15,011 from related party as of December 31, 2021 and 2020, respectively)	`CustomerAdvances`	$580.15K	USD	Point-in-time
Customer advances (including $nil and $15,011 from related party as of December 31, 2021 and 2020, respectively)	`CustomerAdvances`	$382.52K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$337.40K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$683.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Operating lease obligations non-current	`OperatingLeaseLiabilityNoncurrent`	$240.61K	USD	Point-in-time
Operating lease obligations non-current	`OperatingLeaseLiabilityNoncurrent`	$85.76K	USD	Point-in-time
Operating lease obligations, related parties non-current	`OperatingLeaseObligationsToRelatedPartiesNoncurrent`	$77.93K	USD	Point-in-time
Operating lease obligations, related parties non-current	`OperatingLeaseObligationsToRelatedPartiesNoncurrent`	$93.33K	USD	Point-in-time
Bank and other borrowings	`LongTermDebt`	$254.27K	USD	Point-in-time
Bank and other borrowings	`LongTermDebt`	$188.22K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.22M	USD	Point-in-time
Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of December 31, 2021 and 2020)	`CommonStockValue`	$15.65K	USD	Point-in-time
Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of December 31, 2021 and 2020)	`CommonStockValue`	$15.65K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$11.06M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$11.06M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-4.34M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-2.56M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$300.26K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$544.30K	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$9.06M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$7.04M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$195.91K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$404.84K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-760.50K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$11.69M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.66M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net revenues (including $495,330 and $843,828 from related parties for the years ended December 31, 2021 and 2020, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.02M	USD	Annual
Net revenues (including $495,330 and $843,828 from related parties for the years ended December 31, 2021 and 2020, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.01M	USD	Annual
Related party revenue	`RevenueFromRelatedParties`	$843.83K	USD	Annual
Related party revenue	`RevenueFromRelatedParties`	$495.33K	USD	Annual
Cost of revenue related parties	`CostOfRevenueFromRelatedParties`	$308.38K	USD	Annual
Cost of revenues (including $663,976 and $308,381 from related parties for the years ended December 31, 2021 and 2020, respectively)	`CostOfRevenue`	$1.67M	USD	Annual
Cost of revenues (including $663,976 and $308,381 from related parties for the years ended December 31, 2021 and 2020, respectively)	`CostOfRevenue`	$3.66M	USD	Annual
Cost of revenue related parties	`CostOfRevenueFromRelatedParties`	$663.98K	USD	Annual
Gross profit	`GrossProfit`	$4.36M	USD	Annual
Gross profit	`GrossProfit`	$3.33M	USD	Annual
Other operating income	`OtherOperatingIncomeExpenseNet`	-	USD	Annual
Other operating income	`OtherOperatingIncomeExpenseNet`	$35.16K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	$89.42K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	$23.19K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$873.50K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.10M	USD	Annual
Other operating expenses	`OtherCostAndExpenseOperating`	$30.81K	USD	Annual
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	Annual
Impairment loss on goodwill	`GoodwillAndIntangibleAssetImpairment`	$5.59M	USD	Annual
Impairment loss on goodwill	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-3.15M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$2.18M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$26.88K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$52.02K	USD	Annual
Loss from conversion of related party loan	`LossFromConversionOfRelatedPartyLoan`	$199.03K	USD	Annual
Loss from conversion of related party loan	`LossFromConversionOfRelatedPartyLoan`	-	USD	Annual
Interest income	`InterestIncomeOther`	$983.00	USD	Annual
Interest income	`InterestIncomeOther`	$761.00	USD	Annual
Interest expense	`InterestExpense`	$14.32K	USD	Annual
Interest expense	`InterestExpense`	$17.82K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$35.19K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$-185.72K	USD	Annual
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.21M	USD	Annual
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.34M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$248.84K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$306.93K	USD	Annual
Net income (loss)	`ProfitLoss`	$-3.65M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.96M	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-391.79K	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$183.73K	USD	Annual
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$1.78M	USD	Annual
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-3.26M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$321.34K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$269.23K	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-3.33M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Annual
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$208.93K	USD	Annual
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-353.12K	USD	Annual
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$2.02M	USD	Annual
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-2.97M	USD	Annual
Basic and diluted earnings (loss) per share*	`EarningsPerShareBasic`	$0.11	USD	Annual
Basic and diluted earnings (loss) per share*	`EarningsPerShareBasic`	$-0.21	USD	Annual
Basic and diluted weighted average shares outstanding*	`WeightedAverageNumberOfSharesOutstandingBasic`	15.39M	shares	Annual
Basic and diluted weighted average shares outstanding*	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	Annual

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-3.65M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.96M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$282.80K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$869.41K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$124.54K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$117.82K	USD	Annual
Impairment loss on goodwill	`AssetImpairmentCharges`	$5.59M	USD	Annual
Impairment loss on goodwill	`AssetImpairmentCharges`	-	USD	Annual
Loss from conversion of related party loan	`LossFromConversionOfRelatedPartyLoan`	$199.03K	USD	Annual
Loss from conversion of related party loan	`LossFromConversionOfRelatedPartyLoan`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$124.84K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.31M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$28.66K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-66.42K	USD	Annual
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.76M	USD	Annual
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$74.43K	USD	Annual
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-356.23K	USD	Annual
Deposits paid	`IncreaseDecreaseInDepositOtherAssets`	$635.90K	USD	Annual
Deposits paid	`IncreaseDecreaseInDepositOtherAssets`	$1.59M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$199.52K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-18.63K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$118.01K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$-210.26K	USD	Annual
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$549.05K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$189.81K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$740.65K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$298.04K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-300.14K	USD	Annual
Operating lease obligations	`OperatingLeaseObligations`	$54.45K	USD	Annual
Operating lease obligations	`OperatingLeaseObligations`	$137.26K	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-457.14K	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24M	USD	Annual
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$28.01K	USD	Annual
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Advance to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	Annual
Advance to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$936.19K	USD	Annual
Proceeds from acquisition of subsidiary	`ProceedsFromAcquisitionOfSubsidiary`	-	USD	Annual
Proceeds from acquisition of subsidiary	`ProceedsFromAcquisitionOfSubsidiary`	$7.67K	USD	Annual
Repayment of advance to related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$46.39K	USD	Annual
Repayment of advance to related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$614.27K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.90K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$117.08K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-948.03K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$469.19K	USD	Annual
Repayments to related parties	`RepaymentsOfBankDebt`	$920.46K	USD	Annual
Repayments to related parties	`RepaymentsOfBankDebt`	$684.78K	USD	Annual
Repayments to a third party	`RepaymentsOfThirdRelatedPartyDebt`	$49.82K	USD	Annual
Repayments to a third party	`RepaymentsOfThirdRelatedPartyDebt`	-	USD	Annual
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$464.96K	USD	Annual
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$571.45K	USD	Annual
Borrowings from a third party	`ProceedFromRelatedPartyDebt`	-	USD	Annual
Borrowings from a third party	`ProceedFromRelatedPartyDebt`	$108.72K	USD	Annual
Proceeds from bank borrowings, net	`ProceedsFromBankDebt`	$131.91K	USD	Annual
Proceeds from bank borrowings, net	`ProceedsFromBankDebt`	$77.61K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-192.03K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.37K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$31.83K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.31K	USD	Annual
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-126.67K	USD	Annual
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$211.70K	USD	Annual
Cash and cash equivalentsbeginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$249.84K	USD	Point-in-time
Cash and cash equivalentsbeginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.14K	USD	Point-in-time
Cash and cash equivalentsbeginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$123.16K	USD	Point-in-time
Cash and cash equivalentsend of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$249.84K	USD	Point-in-time
Cash and cash equivalentsend of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.14K	USD	Point-in-time
Cash and cash equivalentsend of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$123.16K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$14.32K	USD	Annual
Interest paid	`InterestPaidNet`	$17.82K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$444.38K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Expenses paid by related parties on behalf of the Company	`ExpensePaidByRelatedPartiesOnBehalfOfCompany`	$344.22K	USD	Annual
Expenses paid by related parties on behalf of the Company	`ExpensePaidByRelatedPartiesOnBehalfOfCompany`	$498.55K	USD	Annual
Remeasurement of the operating lease obligation and right-of-use asset due to lease modification	`RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination`	-	USD	Annual
Remeasurement of the operating lease obligation and right-of-use asset due to lease modification	`RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination`	$41.01K	USD	Annual
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`OperatingLeaseRightofuseAssetsObtainedInExchangeForOperatingLeaseObligations`	$256.80K	USD	Annual
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`OperatingLeaseRightofuseAssetsObtainedInExchangeForOperatingLeaseObligations`	$319.09K	USD	Annual
Shares issued for acquisition of subsidiary	`StockIssued1`	-	USD	Annual
Shares issued for acquisition of subsidiary	`StockIssued1`	$9.77M	USD	Annual
Related party loan settled with issuance of shares	`RelatedPartyLoanSettledWithIssuanceOfShares`	-	USD	Annual
Related party loan settled with issuance of shares	`RelatedPartyLoanSettledWithIssuanceOfShares`	$769.12K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance as of December 31, 2020*	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-760.50K	USD	Point-in-time
Balance as of December 31, 2020*	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Balance as of December 31, 2020*	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46M	USD	Point-in-time
Shares issued for conversion of related party loan*	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$995.15K	USD	Annual
Shares issued for acquisition of subsidiary*	`StockIssuedDuringPeriodValueAcquisitions`	$9.77M	USD	Annual
Noncontrolling interests arising from acquisition of subsidiary	`NoncontrollingInterestIncreaseFromBusinessCombination`	$549.03K	USD	Annual
Net income loss	`ProfitLoss`	$-3.65M	USD	Annual
Net income loss	`ProfitLoss`	$1.96M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$321.34K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$269.23K	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-760.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.