Annual report pursuant to Section 13 and 15(d)

Other Receivables

v3.21.2
Other Receivables
12 Months Ended
Dec. 31, 2020
Other Receivables [Abstract]  
OTHER RECEIVABLES

NOTE 5 – OTHER RECEIVABLES

 

At December 31, 2020 and 2019, other receivables consisted of the following:

 

    December 31,
2020
    December 31,
2019
 
VAT recoverable (1)   $ 1,520,501     $
-
 
Other     380,593       613,384  
    $ 1,901,094     $ 613,384  

 

(1) The balance of recoverable VAT represents input VAT available to offset VAT to be paid in the future.