Nova LifeStyle (NVFY) 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 14, 2021
Document Information Line Items
Entity Registrant Name	Nova Lifestyle, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		5,567,544
Amendment Flag	false
Entity Central Index Key	0001473334
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Current Assets
Cash and cash equivalents	$ 7,641,276	$ 8,744,784
Accounts receivable, net	172,346	514,939
Advance to suppliers	351,088	381,894
Inventories	32,940,465	32,814,520
Prepaid expenses and other receivables	219,361	349,746
Tax receivable	479,413	489,020
Total Current Assets	41,803,949	43,294,903
Noncurrent Assets
Plant, property and equipment, net	426,247	453,518
Operating lease right-of-use assets, net	2,120,657	2,319,742
Lease deposit	72,863	73,801
Goodwill	218,606	218,606
Deferred tax asset	117,952	117,952
Total Noncurrent Assets	2,956,325	3,183,619
Total Assets	44,760,274	46,478,522
Current Liabilities
Accounts payable	490,623	743,785
Operating lease liability, current	663,257	688,082
Advance from customers	34,218	266,243
Accrued liabilities and other payables	260,780	327,173
Total Current Liabilities	1,448,878	2,025,283
Noncurrent Liabilities
Other Loan	150,000	150,000
Operating lease liability, non-current	1,583,733	1,746,070
Income tax payable	1,628,702	1,628,694
Total Noncurrent Liabilities	3,362,435	3,524,764
Total Liabilities	4,811,313	5,550,047
Contingencies and Commitments
Stockholders' Equity
Common stock, $0.001 par value; 15,000,000 shares authorized, 5,602,734 and 5,596,234 shares issued and outstanding; as of March 31, 2021 and December 31, 2020, respectively	5,602	5,596
Additional paid-in capital	39,779,842	39,766,978
Statutory reserves	0	6,241
Accumulated other comprehensive income	569,443	798,290
(Accumulated deficits) Retained earnings	(405,926)	351,370
Total Stockholders' Equity	39,948,961	40,928,475
Total Liabilities and Stockholders' Equity	$ 44,760,274	$ 46,478,522

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	5,602,734	5,596,234
Common stock, shares outstanding	5,602,734	5,596,234

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE (LOSS) - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net Sales		$ 3,331,567	$ 2,203,220
Cost of Sales		1,951,255	1,424,191
Gross Profit		1,380,312	779,029
Operating Expenses
Selling expenses		768,085	317,416
General and administrative expenses		1,378,330	1,282,719
Total Operating Expenses		2,146,415	1,600,135
Loss From Operations		(766,103)	(821,106)
Other Income (Expenses)
Foreign exchange transaction gain (loss)		68,984	(156,013)
Interest (expense) income, net		(2,390)	20,825
Financial expense		(54,352)	(32,740)
Total Other Income (Expenses), Net		12,242	(167,928)
Loss Before Income Taxes and Discontinued operations		(753,861)	(989,034)
Income Tax Expense		(9,676)	(23,879)
Loss From Continuing Operations		(763,537)	(1,012,913)
Loss From Discontinued Operations		0	(326,531)
Net Loss		(763,537)	(1,339,444)
Other Comprehensive (Loss) Income
Foreign currency translation		(228,847)	158,215
Net Loss and Comprehensive Loss		$ (992,384)	$ (1,181,229)
Basic and Diluted weighted average shares outstanding (in Shares)	[1]	5,598,678	5,572,196
Loss from continuing operations per share of common stock
Basic and Diluted (in Dollars per share)		$ (0.14)	$ (0.18)
Loss from discontinued operations per share of common stock
Basic and Diluted (in Dollars per share)		0	(0.06)
Net loss per share of common stock
Basic and Diluted (in Dollars per share)		$ (0.14)	$ (0.24)
[1]	Including 36,307 and 41,307 shares that were granted and vested but not yet issued for the three months ended March 31, 2021 and 2020, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings, Appropriated [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2019	$ 5,568	$ 39,605,042		$ 6,241	$ 26,429,695	$ 66,046,546
Balance (in Shares) at Dec. 31, 2019	5,568,734
Stock issued to employees	$ 3	6,387				6,390
Stock issued to employees (in Shares)	3,000
Stock issued for service	$ 5	12,745				12,750
Stock issued for service (in Shares)	5,000
Stock options vested to board of directors and employees		37,844				37,844
Foreign currency translation gain			$ 158,215			158,215
Net (loss)					(1,339,444)	(1,339,444)
Balance at Mar. 31, 2020	$ 5,576	39,662,018	158,215	6,241	25,090,251	64,922,301
Balance (in Shares) at Mar. 31, 2020	5,576,734
Balance at Dec. 31, 2020	$ 5,596	39,766,978	798,290	6,241	351,370	$ 40,928,475
Balance (in Shares) at Dec. 31, 2020	5,596,234					5,596,234
Stock issued to employees	$ 1	2,969				$ 2,970
Stock issued to employees (in Shares)	1,500
Stock issued for service	$ 5	9,895				9,900
Stock issued for service (in Shares)	5,000
Closure of Nova Macau				$ (6,241)	6,241
Foreign currency translation gain			(228,847)			(228,847)
Net (loss)					(763,537)	(763,537)
Balance at Mar. 31, 2021	$ 5,602	$ 39,779,842	$ 569,443		$ (405,926)	$ 39,948,961
Balance (in Shares) at Mar. 31, 2021	5,602,734					5,602,734

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows From Operating Activities
Net loss	$ (763,537)	$ (1,339,444)
Net loss from discontinued operations	0	(326,531)
Net loss from continuing operations	(763,537)	(1,012,913)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	17,751	15,442
Amortization of operating lease right-of-use assets	193,312	142,357
Stock compensation expense	12,870	53,789
Changes in bad debt allowance	(3,460)	(23)
Changes in operating assets and liabilities:
Accounts receivable	346,053	2,307
Advance to suppliers	30,806	(74,345)
Inventories	(125,945)	368,385
Operating lease liabilities	(181,328)	(136,337)
Other current assets	130,385	1,369
Accounts payable	(253,162)	(122,091)
Advance from customers	(229,860)	28,944
Accrued liabilities and other payables	(64,427)	33,024
Taxes payable	9,607	27,936
Net Cash Used in Continuing Operations	(880,935)	(672,156)
Net Cash Provided by Discontinued Operations	0	0
Net Cash Used in Operating Activities	(880,935)	(672,156)
Cash Flows From Investing Activities
Cash received from sales of subsidiary, net of cash disposed of	0	(1,462,200)
Net Cash Used in Continuing Operations	0	(1,462,200)
Net Cash Provided by Discontinued Operations	0	0
Net Cash Used in Investing Activities	0	(1,462,200)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(222,573)	156,557
Net decrease in cash and cash equivalents	(1,103,508)	(1,977,799)
Cash and cash equivalents, beginning of period	8,744,784	8,885,398
Cash and cash equivalents, ending of year	7,641,276	6,907,599
Cash paid during period for:
Income tax payments	62	0
Interest expense	1,453	1,596
Cash paid during period for:
Income tax payments	0	0
Interest expense	0	0
Analysis of cash and cash equivalents
Included in cash and cash equivalents per consolidated balance sheets	7,641,276	6,907,599
Included in assets of discontinued operations	$ 0	$ 0

Organization and Description of

Organization and Description of Business	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Organization and Description of Business Organization and Business Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”), formerly known as Stevens Resources, Inc., was incorporated in the State of Nevada on September 9, 2009. The Company is a U.S. holding company with no material assets other than the ownership interests of its subsidiaries through which it markets, designs and sells furniture worldwide: Nova Furniture Limited in the British Virgin Islands (“Nova Furniture”), Nova Furniture Ltd. in Samoa (“Nova Samoa”), Bright Swallow International Group Limited (“Bright Swallow” or “BSI”), Nova Furniture Macao Commercial Offshore Limited (“Nova Macao”), Diamond Bar Outdoors, Inc. (“Diamond Bar”), Nova Living (M) SDN. BHD. (“Nova Malaysia”) and Nova Living (HK) Group Limited (“Nova HK”). Nova Macao was organized under the laws of Macao on May 20, 2006, and is a wholly owned subsidiary of Nova Furniture. Diamond Bar was incorporated in California on June 15, 2000. Nova Macao is a trading company, importing, marketing and selling products designed and manufactured by third-party manufacturers for the U.S. and international markets. Diamond Bar markets and sells products manufactured by third-party manufacturers under the Diamond Sofa brand to distributors and retailers principally in the U.S. market. On December 7, 2017, Nova LifeStyle, Inc. incorporated i Design Blockchain Technology, Inc. (“i Design”) under the laws of the State of California. The purpose of i Design is to build the Company’s own blockchain technology team. This new company will focus on the application of blockchain technology in the furniture industry, including encouraging and facilitating interactions among designers and customers, and building a blockchain-powered platform that enables designers to showcase their products, including current and future furniture designs. This company is in the planning stage and has had minimum operations as of March 31, 2021. On December 12, 2019, Nova LifeStyle, Inc. acquired Nova Malaysia at cost of $1 which was incorporated in Malaysia on July 26, 2019. The purpose of this acquisition is to market and sell high-end physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects in Malaysia and other regions in Southeast Asia. On January 7, 2020, the Company transferred its entire interest in Bright Swallow to Y-Tone (Worldwide) Limited, an unrelated third party, for cash consideration of $2.50 million, pursuant to a formal agreement entered into on January 7, 2020. The Company received the payment on May 11, 2020. As of December 31, 2020, operations of Bright Swallow were reported as discontinued operations in the accompanying unaudited condensed consolidated financial statements for all periods presented. Accordingly, assets, liabilities, revenues, expenses and cash flows related to Bright Swallow have been reclassified in the consolidated financial statements as discontinued operations for all periods presented. Additional information with respect to the sale of Bright Swallow is presented at Note 3. On October 14, 2020, the Macao Trade and Investment Promotion Institute approved that Nova Macao’s offshore license became invalid under the order of Repeal of Legal Regime of the Offshore Services by Macao Special Administrative Region. Nova Macao then entered the de-registration procedure and the current business was taken over by Nova HK. Nova Macao completed de-registration procedure in January 2021. On November 5, 2020, Nova LifeStyle, Inc. acquired Nova HK at cost of $1,290 which was incorporated in Hong Kong on November 6, 2019. Nova HK took over Nova Macao’s business. This company has had minimum operations as of March 31, 2021. The “Company” and “Nova” collectively refer to Nova LifeStyle, the U.S. parent, and its subsidiaries, Nova Furniture, Nova Samoa, Nova Macao, Diamond Bar, i Design, Nova HK and Nova Malaysia. COVID-19 Beginning in 2020, a strain of novel coronavirus (“COVID-19”) has spread globally and, at this point, the Company’s operations has been adversely impacted by the COVID-19 pandemic. In particular, during the year ended December 31, 2020, Nova Malaysia had not been able to operate in full capacity due to Malaysian government’s shut down orders which resulted in sales lagging and slow-moving inventories. The Company’s two showrooms in Kuala Lumpur were closed from March 2020 to May 2020 and closed again since August 2020 and re-opened on March 5, 2021. However, Malaysia imposed a new nationwide lockdown on May 12, 2021 until early June 2021. The Company expects that the impact of the COVID-19 outbreak on the United States and world economies will continue to have a material adverse impact on the demand for its products. The extent of the impact of the COVID-19 pandemic will continue to have on the Company’s business is highly uncertain and difficult to predict and quantify, as the responses that the Company, other businesses and governments are taking continue to evolve. Furthermore, economies worldwide have also been negatively impacted by the COVID-19 pandemic. Policymakers around the globe have responded with fiscal policy actions intended to support the economy as a whole, but it is presently unknown whether and to what extent further fiscal actions will continue or be effective. The magnitude and overall effectiveness of these actions remain uncertain. The severity of the impact of the COVID-19 pandemic on the Company’s business will continue to depend on a number of factors, including, but not limited to, the duration and severity of the pandemic, the efficacy and distribution of COVID-19 vaccines and the extent and severity of the impact on the Company’s customers, service providers and suppliers, all of which are uncertain and cannot be predicted. As of the date of issuance of the Company’s financial statements, the extent to which the COVID-19 pandemic may in the future materially impact the Company’s financial condition, liquidity or results of operations is uncertain. The Company is monitoring and assessing the evolving situation closely and evaluating its potential exposure.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 - Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. The interim condensed consolidated financial information as of March 31, 2021 and for the three month periods ended March 31, 2021 and 2020 have been prepared without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures, which are normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The interim condensed consolidated financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, previously filed with the SEC on March 29, 2021. In the opinion of management, all adjustments (which include all significant normal and recurring adjustments) necessary to present a fair statement of the Company’s interim condensed consolidated financial position as of March 31, 2021, its interim condensed consolidated results of operations and cash flows for the three month periods ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods Use of Estimates In preparing condensed consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, revenue recognition, the allowance for bad debt, valuation of inventories, the valuation of stock-based compensation, income taxes and unrecognized tax benefits, valuation allowance for deferred tax assets, assumptions used in assessing impairment of long-lived assets and goodwill, and loss contingencies. Actual results could differ from those estimates. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for the Company’s products, and adversely impact its results of operations. During the three months ended March 31, 2021, the Company continued to face increasing uncertainties around its estimates of revenue collectability, accounts receivable credit losses and valuation of inventories. The Company expects uncertainties around its key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic. Its estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in its unaudited condensed consolidated financial statements. Business Combination For a business combination, the assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree are recognized at the acquisition date and measured at their fair values as of that date. In a business combination achieved in stages, the identifiable assets and liabilities, as well as the noncontrolling interest in the acquiree, are recognized at the full amounts of their fair values. In a bargain purchase in which the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred plus any noncontrolling interest in the acquiree, that excess in earnings is recognized as a gain attributable to the acquirer. Deferred tax liability and assets are recognized for the deferred tax consequences of differences between the tax bases and the recognized values of assets acquired and liabilities assumed in a business combination in accordance with Accounting Standards Codification (“ASC”) Topic 740-10. Goodwill Goodwill is the excess of purchase price and related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. In accordance with ASC Topic 350, “Intangibles-Goodwill and Other,” goodwill is not amortized but is tested for impairment, annually or more frequently when circumstances indicate a possible impairment may exist. Impairment testing is performed at a reporting unit level. An impairment loss generally would be recognized when the carrying amount of the reporting unit exceeds its fair value, with the fair value of the reporting unit determined using discounted cash flow (“DCF”) analysis. A number of significant assumptions and estimates are involved in the application of the DCF analysis to forecast operating cash flows, including the discount rate, the internal rate of return and projections of realizations and costs to produce. Management considers historical experience and all available information at the time the fair values of its reporting units are estimated. ASC Topic 350 also permits an entity to first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the two-step goodwill impairment test is required to be performed. Otherwise, no further testing is required. Performing the qualitative assessment involved identifying the relevant drivers of fair value, evaluating the significance of all identified relevant events and circumstances, and weighing the factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. After evaluating and weighing all these relevant events and circumstances, it was concluded that a positive assertion can be made from the qualitative assessment that it is more likely than not that the fair value of Diamond Bar is greater than its carrying amount. As such, it is not necessary to perform the two-step goodwill impairment test for the Diamond Bar reporting unit. Accordingly, as of December 31, 2020 and 2019, the Company concluded there was no impairment of goodwill of Diamond Bar. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers cash, money market funds, investments in interest bearing demand deposit accounts, time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents. Accounts Receivable The Company’s accounts receivable arises from product sales. The Company does not adjust its receivables for the effects of a significant financing component at contract inception if it expects to collect the receivables in one year or less from the time of sale. The Company does not expect to collect receivables greater than one year from the time of sale. The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. An analysis of the allowance for doubtful accounts is as follows: Balance at January 1, 2021 $ 5,201 Reversal (3,460 ) Balance at March 31, 2021 $ 1,741 During the three months ended March 31, 2021 and 2020, bad debts reversal from continuing operations was $3,460 and $23, respectively. During the three months ended March 31, 2021 and 2020, bad debt provision and written off from discontinued operations were $0. Advances to Suppliers Advances to suppliers are reported net of allowance when the Company determines that amounts outstanding are not likely to be collected in cash or utilized against purchase of inventories. Based on its historical record and in normal circumstances, the Company receives goods within 5 to 9 months from the date the advance payment is made. Due to the COVID-19 pandemic, freight transportation of products from our international suppliers has been delayed or suspended during the outbreak. As such, no reserve on supplier prepayments had been made or recorded by the Company. Any provisions for allowance for advances to suppliers, if deemed necessary, are included in general and administrative expenses in the consolidated statements of comprehensive income (loss). During the three months ended March 31, 2021 and 2020, no provision was made on advances to suppliers. Inventories Inventories are stated at the lower of cost and net realizable value, with cost determined on a weighted-average basis. Write-down of potential obsolete or slow moving inventories is recorded based on management’s assumptions about future demands and market conditions. There were no write-downs of inventories from the Company’s continuing operation for the three months ended March 31, 2021 and 2020. There were also no write-downs of inventories from the Company’s discontinued operations for the three months ended March 31, 2021 and 2020. Plant, Property and Equipment Plant, property and equipment are stated at cost, net of accumulated depreciation and impairment losses, if any. Expenditures for maintenance and repairs are expensed as incurred, while additions, renewals and improvements are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with no salvage value and estimated lives as follows: Computer and office equipment 5 - 10 years Decoration and renovation 5 - 10 years Impairment of Long-Lived Assets Long-lived assets, which include property, plant and equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets.” ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group asset group exceeds its fair value based on discounted cash flow analysis or appraisals. Treasury Stock Treasury stock purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Gains and losses on the subsequent reissuance of shares are credited or charged to additional paid-in capital using the average-cost method. Upon retirement of treasury stock, the amounts in excess of par value are charged entirely to retained earnings. Research and Development Research and development costs are related primarily to the Company designing and testing its new products during the development stage. Research and development costs are recognized in general and administrative expenses and expensed as incurred. Research and development expenses from continuing operations were $3,264 and $12,266 for the three months ended March 31, 2021 and 2020, respectively. During the three months ended March 31, 2021 and 2020, research and development costs from discontinued operations were $0. Income Taxes In its interim financial statements, the Company follows the guidance in ASC 270 “Interim Reporting” and ASC 740 “Income Taxes” whereby the Company utilizes the expected annual effective rate in determining its income tax provision. The income tax expense for the three months ended March 31, 2021 is $9,676 and is primarily related to quarter-to-date income generated from foreign operation. The income tax benefit for the three months ended March 31, 2020 is $6,000 and is primarily related to quarter-to-date losses generated from foreign operation. Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under the provisions of ASC Topic 740, when tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Nova Lifestyle, Inc. and Diamond Bar are subject to U.S. federal and state income taxes. Nova Furniture BVI was incorporated in the BVI, Nova Samoa was incorporated in Samoa, and Nova HK was incorporated in Hong Kong. There is no income tax for companies domiciled in the BVI and Samoa. Accordingly, the Company’s condensed consolidated financial statements do not present any income tax provisions related to the BVI and Samoa tax jurisdictions where Nova Furniture BVI and Nova Samoa are domiciled. Nova Malaysia is incorporated in Malaysia and is subject to Malaysia income taxes. Nova HK is incorporated in Hong Kong and is subject to Hong Kong income taxes. The Tax Cuts and Jobs Act of 2017 (the “Act”) created new taxes on certain foreign‐sourced earnings such as global intangible low‐taxed income (“GILTI”) under IRC Section 951A, which is effective for the Company for tax years beginning after January 1, 2018. For the year ended December 31, 2020, the Company has calculated its best estimate of the impact of the GILTI in its income tax provision in accordance with its understanding of the Act and guidance available as of the date of this filing. On March 27, 2020, the CARES Act were each enacted in response to the COVID-19 pandemic. The CARES Act contains numerous income tax provisions, such as relaxing limitations on the deductibility of interest and the use of net operating losses (NOLs) arising in taxable years beginning after December 31, 2017. As of March 31, 2021 and December 31, 2020, the accumulated undistributed earnings generated by its foreign subsidiaries were approximately $27.9 million, of which substantially all was previously subject to U.S. tax, the one-time transition tax on foreign unremitted earnings required by the Tax Act, or GILTI. Those earnings are considered to be permanently reinvested and accordingly, no deferred tax expense is recorded for U.S. federal and state income tax or applicable withholding taxes. A reconciliation of the three month ended March 31, 2021 and 2020 amount of unrecognized tax benefits excluding interest and penalties (“Gross UTB”) is as follows: Gross UTB 2021 2020 Balance $ 935 12,547 At March 31, 2021 and December 31, 2020, the Company had cumulatively accrued approximately $100 and $131 for estimated interest and penalties related to unrecognized tax benefits, respectively, related to the Company’s continuing operations. The Company recorded interest and penalties related to unrecognized tax benefits as a component of income tax benefit, which totaled $100 and $125 for the three months ended March 31, 2021, and 2020, respectively. The Company does not anticipate any significant changes to its unrecognized tax benefits within the next 12 months. At December 31, 2020, the Company had cumulatively accrued approximately $0 for estimated interest and penalties related to unrecognized tax benefits related to the Company’s discontinued operations. The Company did not record interest and penalties related to unrecognized tax benefits as a component of income tax expense for the three months ended March 31, 2021, and 2020 related to the Company’s discontinued operations. As of March 31, 2021, unrecognized tax benefits were approximately $900. The total amount of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate was $900 as of March 31, 2021. As of March 31, 2020, unrecognized tax benefits were approximately $12,500. The total amount of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate was $14,000 as of March 31, 2020. Nova Lifestyle and Diamond Bar are subject to U.S. federal and state income taxes and tax years 2018-2020 remain open to examination by tax authorities in the U.S. Revenue Recognition The Company recognizes revenues when its customers obtain control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five step model prescribed under ASU No. 2014-09: (i) identifies contract(s) with a customer; (ii) identifies the performance obligations in the contract; (iii) determines the transaction price; (iv) allocates the transaction price to the performance obligations in the contract; and (v) recognizes revenues when (or as) it satisfies the performance obligation. Revenues from product sales are recognized when the customer obtains control of the Company’s product, which occurs at a point in time, typically upon delivery to the customer. The Company expenses incremental costs of obtaining a contract as and when incurred if the expected amortization period of the asset that it would have recognized is one year or less or the amount is immaterial. Revenues from product sales are recorded net of reserves established for applicable discounts and allowances that are offered within contracts with the Company’s customers. Product revenue reserves, which are classified as a reduction in product revenues, are generally characterized in the following categories: discounts, returns and rebates. These reserves are based on estimates of the amounts earned or to be claimed on the related sales and are classified as reductions of accounts receivable as the amount is payable to the Company’s customer. The Company’s sales policy allows for product returns within the warranty period if the product is defective and the defects are the Company’s fault. As alternatives to the product return option, the customers have the option of requesting a discount from the Company for products with quality issues or of receiving replacement parts from the Company at no cost. The amount for product returns, the discount provided to the Company’s customers, and the costs for replacement parts were immaterial for the three months ended March 31, 2021 and 2020. The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling expenses on the Company’s consolidated statements of comprehensive income (loss). Cost of Sales Cost of sales consists primarily of costs of finished goods purchased from third-party manufacturers and write-downs of inventory. Shipping and Handling Costs Shipping and handling costs related to delivery of finished goods are included in selling expenses. During the three months ended March 31, 2021 and 2020, shipping and handling costs from continuing operations were $993 and $349, respectively. During the three months ended March 31, 2020, shipping and handling costs from discontinued operations were $0. Advertising Advertising expenses consist primarily of costs of promotion and marketing for the Company’s image and products, and costs of direct advertising, and are included in selling expenses. The Company expenses all advertising costs as incurred. Advertising expense from continuing operations was $407,862 and $17,998 for the three months ended March 31, 2021 and 2020, respectively. During the three months ended March 31, 2020, advertising expense from discontinued operations were $0. Share-based compensation The Company accounts for share-based compensation awards to officers, directors, employees, and for acquiring goods and services from nonemployees in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that share-based payment transactions be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the vesting period. The Company accounts for forfeitures when they occur. Earnings per Share (EPS) Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares pertaining to warrants, stock options, and similar instruments had been issued and if the additional common shares were dilutive. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding unvested restricted stock, options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). The following table presents a reconciliation of basic and diluted loss per share for the three months ended March 31, 2021 and 2020: March 31, 2021 March 31, 2020 Net loss from continuing operations $ (763,537 ) $ (1,012,913 ) Net loss from discontinued operations - (326,531 ) Net loss (763,537 ) (1,339,444 ) Weighted average shares outstanding – basic and diluted* 5,598,678 5,572,196 Net loss from continuing operations per share of common stock Basic and Diluted $ (0.14 ) $ (0.18 ) Net loss from discontinued operations income per share of common stock Basic and Diluted $ - $ (0.06 ) Net loss per share of common stock Basic and Diluted $ (0.14 ) $ (0.24 ) * Including 36,307 and 41,307 shares that were granted and vested but not yet issued for the three months ended March 31, 2021 and 2020, respectively. For the three months ended March 31, 2021, 18,000 shares of unvested restricted stock and stock options to purchase 340,500 shares of the Company’s stock were excluded from the EPS calculation, as their effects were anti-dilutive. For the three months ended March 31, 2020, 171,667 shares purchasable under warrants, 45,600 shares of unvested restricted stock and stock options to purchase 340,500 shares of the Company’s stock were anti-dilutive and were excluded from EPS calculation. Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. No customer accounted for 10% or more of the Company’s sales from our continuing operations for the three months ended March 31, 2021. Two customers accounted for 19% and 18% of the Company’s gross accounts receivable as of March 31, 2021, respectively. Two customers accounted for 40% and 27% of the Company’s gross accounts receivable as of December 31, 2020, respectively. One customer accounted for 10% of the Company’s sales from our continuing operations for the three months ended March 31, 2020. No customer accounted for 10% or more of the Company’s sales from our discontinued operations for the years ended March 31, 2021 and 2020. The Company purchased its products from three and four major vendors during the three months ended March 31, 2021 and 2020, accounting for a total of 58% (32%, 13%, and 13% each) and 74% (38%, 15%, 11% and 10% each) of the Company’s purchases from continuing operations, respectively. Advances made to these vendors were $155,235 and $0 as of March 31, 2021 and December 31, 2020, respectively. Accounts payable to these vendors were $79,979 and $0 as of March 31, 2021 and December 31, 2020, respectively. Fair Value of Financial Instruments ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The carrying value of cash, accounts receivable, advances to suppliers, other receivables, accounts payable, advance from customers, other payables and accrued liabilities approximate estimated fair values because of their short maturities. Foreign Currency Translation and Transactions The condensed consolidated financial statements are presented in United States Dollar (“$” or “USD”), which is also the functional currency of Nova LifeStyle, Nova Furniture, Nova Samoa, Diamond Bar, Nova HK and i Design, and its former subsidiaries, Nova Macao, Bright Swallow. The Company's subsidiary with operations in Malaysia uses its local currency, Malaysian Ringgit (“RM”), as its functional currency. An entity’s functional currency is the currency of the primary economic environment in which it operates, which is the currency of the environment in which the entity primarily generates and expends cash. Management’s judgment is essential to determine the functional currency by assessing various indicators, such as cash flows, sales price and market, expenses, financing and inter-company transactions and arrangements. Foreign currency transactions denominated in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are re-measured at the applicable rates of exchange in effect at that date. Gains and losses resulting from foreign currency re-measurement are included in the statements of comprehensive loss. The financial statements are presented in U.S. dollars. Assets and liabilities are translated into U.S. dollars at the current exchange rate in effect at the balance sheet date, and revenues and expenses are translated at the average of the exchange rates in effect during the reporting period. Stockholders’ equity accounts are translated using the historical exchange rates at the date the entry to stockholders’ equity was recorded, except for the change in retained earnings during the period, which is translated using the historical exchange rates used to translate each period’s income statement. Differences resulting from translating functional currencies to the reporting currency are recorded in accumulated other comprehensive income in the balance sheets. Translation of amounts from RM into U.S. dollars has been made at the following exchange rates: Balance sheet items, except for equity accounts March 31, 2021 RM4.15 to 1 December 31, 2020 RM4.02 to 1 Income statement and cash flows items For the period ended March 31, 2021 RM4.07 to 1 For the period ended March 31, 2020 RM4.18 to 1 Segment Reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s chief operating decision maker organizes segments within the company for making operating decisions assessing performance and allocating resources. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined that the Company’s operations constitute a single reportable segment in accordance with ASC 280. The Company operates exclusively in one business and industry segment: the design and sale of furniture. Management concluded that the Company had one reportable segment under ASC 280 because Diamond Bar is a fur

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 3 - Discontinued Operations On January 7, 2020, the Company transferred its entire interest in Bright Swallow to Y-Tone (Worldwide) Limited, an unrelated third party, for cash consideration of $2.50 million, pursuant to a formal agreement entered into on January 7, 2020. The Company received the payment on May 11, 2020. As of December 31, 2019, operations of Bright Swallow were reported as discontinued operations in the accompanying unaudited condensed consolidated financial statements for all periods presented. Accordingly, assets, liabilities, revenues, expenses and cash flows related to Bright Swallow have been reclassified in the consolidated financial statements as discontinued operations for all periods presented. The following table summarizes the net assets of Bright Swallow at the date of disposal (January 7, 2020): Cash and cash equivalents $ 1,462,200 Accounts receivable, net 969,841 Advance to suppliers 609,935 Accounts payable (948 ) Advance from customers (126,916 ) Accrued liabilities and other payables (2,553 ) Income tax payable (85,028 ) Net assets of Bright Swallow upon disposal 2,826,531 Cash received as of March 31, 2020 (2,500,000 ) Loss on disposal of subsidiary $ (326,531 ) The following table presents the components of discontinued operations in relation to Bright Swallow reported in the consolidated statements of operations: March 31, 2020 Sales $ - Cost of sales - Operating expenses - Other expense, net - Loss on disposal of subsidiary (326,531 ) Loss before income taxes (326,531 ) Income tax benefit - Loss from discontinued operations $ (326,531 )

Inventories

Inventories	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 4 - Inventories The inventories as of March 31, 2021 and December 31, 2020 totaled $32,940,465 and $32,814,520, respectively, and were all finished goods. Inventories are stated at the lower of cost and net realizable value, with cost determined on a weighted-average basis. Write-down of potential obsolete or slow moving inventories is recorded based on management’s assumptions about future demands and market conditions. There were no write-downs of inventories from the Company’s continuing operation for the three months ended March 31, 2021 and 2020. There were also no write-downs of inventories from the Company’s discontinued operations for the three months ended March 31, 2020

Plant, Property and Equipment,

Plant, Property and Equipment, Net	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 5 - Plant, Property and Equipment, Net As of March 31, 2021 and December 31, 2020, plant, property and equipment consisted of the following: March 31, 2021 December 31, 2020 Computer and office equipment $ 396,041 $ 396,302 Decoration and renovation 438,521 448,641 Less: accumulated depreciation (408,315 ) (391,425 ) $ 426,247 $ 453,518 Depreciation expense from continuing operations was $17,751 and $15,442 for the three months ended March 31, 2021 and 2020, respectively. Depreciation expense from discontinued operations was $0 for the three months ended March 31, 2021 and 2020.

Advances to Suppliers

Advances to Suppliers	3 Months Ended
	Mar. 31, 2021
Disclosure Text Block Supplement [Abstract]
Other Current Assets [Text Block]	Note 6 - Advances to Suppliers The Company makes advances to certain vendors for inventory purchases. The advances on inventory purchases were $351,088 and $381,894 as of March 31, 2021 and December 31, 2020, respectively. No impairment charges were made on advances to suppliers for the three months ended March 31, 2021 and 2020.

Intangible Assets, net

Intangible Assets, net	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	Note 7 - Intangible Assets, net The Company acquired a customer relationship with a fair value of $50,000 on August 31, 2011, as part of its acquisition of Diamond Bar. Concurrently with its acquisition of Diamond Bar, the Company entered into a trademark purchase and assignment agreement for all rights, title and interest in two trademarks (Diamond Sofa and Diamond Furniture) for $200,000 paid in full at the closing. Amortization of said customer relationship and the trademarks is provided using the straight-line method and estimated lives were 5 years each. The Company acquired a customer relationship with a fair value of $6,100,559 on April 24, 2013, as part of its acquisition of Bright Swallow. Amortization of said customer relationship is provided using the straight-line method and its estimated life was 15 years. Intangible assets consisted of the following as of March 31, 2021 and December 31, 2020: March 31, 2021 December 31, 2020 Customer relationship $ 50,000 $ 50,000 Trademarks 200,000 200,000 Less: accumulated amortization (250,000 ) (250,000 ) $ - $ - Amortization of intangible assets from continuing operations was $0 for the three months ended March 31, 2021 and 2020. Amortization of intangible assets from discontinued operations was $0 for the three months ended March 31, 2021 and 2020.

Prepaid Expenses and Other Rece

Prepaid Expenses and Other Receivables	3 Months Ended
	Mar. 31, 2021
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Note 8 - Prepaid Expenses and Other Receivables Prepaid expenses and other receivables consisted of the following at March 31, 2021 and December 31, 2020: March 31, 2021 December 31, 2020 Prepaid expenses $ 99,425 $ 217,591 Other receivables 119,936 132,155 $ 219,361 $ 349,746 As of March 31, 2021 and December 31, 2020, prepaid expenses and other receivables mainly represented prepaid insurance, credit card payments and a Paypal and Cardknox account balance.

Accrued Liabilities and Other P

Accrued Liabilities and Other Payables	3 Months Ended
	Mar. 31, 2021
Disclosure Text Block Supplement [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 9 - Accrued Liabilities and Other Payables Accrued liabilities and other payables consisted of the following as of March 31, 2021 and December 31, 2020: March 31, 2021 December 31, 2020 Other payables $ 8,890 $ 6,428 Salary payable 13,462 6,731 Financed insurance premiums - 103,104 Accrued rents 10,429 14,899 Accrued marketing - 30,000 Accrued commission 95,269 112,673 Accrued expenses, others 132,730 53,338 $ 260,780 $ 327,173 As of March 31, 2021 and December 31, 2020, other accrued expenses mainly included legal and professional fees, utilities and unpaid operating expenses incurred in Malaysia. Other payables represented other tax payable and rebate.

Other Loans

Other Loans	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	Note 10 - Other Loans On May 4, 2020, the Company received loan proceeds in the amount of approximately $139,802 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. On June 5, 2020, Congress passed a new law that allowed current PPP borrowers can choose to extend the eight-week period to 24 weeks to use the funds, but cannot extended beyond December 31, 2020. The Company had used the loans for eligible purposes and on December 28, 2020, the Company submitted the forgiveness application to the bank. No interest had been accrued for on this loan as of March 31, 2021. The unforgiven portion of the PPP loan, if any, is payable over two years at an interest rate of 1% per annum, with a deferral of payments for the first six months. Diamond Bar intends to use the proceeds for purposes consistent with the PPP. On May 5, 2020, Diamond Bar was granted a loan from Cathay Bank in the aggregate amount of $176,294, pursuant to the Paycheck Protection Program (the “PPP”) under Division A, Title I of the CARES Act, which was enacted March 27, 2020. The Loan, which was in the form of a Note dated May 5, 2020 matures on May 5, 2022 and bears interest at a rate of 1.00% per annum, payable monthly commencing on May 5, 2020. Funds from the Loan may only be used for payroll costs, costs used to continue group health care benefits, mortgage payments, rent, utilities, and interest on other debt obligations. The Company intends to use the entire Loan amount for qualifying expenses. Under the terms of the PPP, certain amounts of the Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. On June 5, 2020, Congress passed a new law that allowed current PPP borrowers can choose to extend the eight-week period to 24 weeks to use the funds, but cannot extended beyond December 31, 2020. The Company had used up all the PPP loan proceeds for qualifying purposes within 24 weeks, and is waiting for the forgiveness application from Cathay Bank. No interest had been accrued for on this loan as of March 31, 2021. The Company used up all the PPP loan proceeds within 24 weeks. On June 19, 2020, Diamond Bar was granted a U.S. Small Business Administration (SBA) loan in the aggregate amount of $150,000, pursuant to the Economic Injury Disaster Loan. The Loan, which was in the form of a promissory note dated June 19, 2020, matures on June 18, 2050 and bears interest at a rate of 3.75% per annum, payable monthly beginning 12 months from the date of the promissory note. Funds from the Loan may only be used for working capital. The loan was secured by all tangible and intangible property of the Diamond Bar. Interest of $6,036 had been accrued for on this loan as of March 31, 2021.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 11 - Related Party Transactions On September 30, 2011, Diamond Bar leased a showroom in High Point, North Carolina from the Company’s president who is currently also the Chief Executive Officer and Chairman of the Board. The lease is to be renewed and has been renewed each year since 2011. On April 1, 2021, the Company renewed the lease for an additional one year term. The lease was for the amount of $34,561, with a term of one year. During the three months ended March 31, 2021 and 2020, the Company did not incur any rental on this lease. On January 4, 2018, the Company entered into a sales representative agreement with a consulting firm, which is owned by the Chief Executive Officer and Chairman of the Board, for sales representative service for a term of two years. On January 4, 2020, the Company renewed the agreement for an additional two years. The Company agreed to compensate the sales representative via commission at predetermined rates of the relevant sales amount. During the three months ended March 31, 2021 and 2020, the Company recorded $99,918 and $27,499 as commission expense to this sales representative consulting firm, respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 12 - Stockholders Equity Share repurchase program On December 12, 2017, the Company issued a press release announcing that the Board of Directors of the Company had approved a 10b-18 share repurchase program to repurchase up to $5 million of its outstanding common stock. Under the repurchase program, shares of the Company’s common stock may be repurchased from time to time over the next 12 months. The program expired on December 8, 2018 and no shares have been repurchased under the program. On June 4, 2019, the Board of Directors of the Company adopted a 10b-18 share repurchase program to repurchase up to $2 million of its common stock. The share repurchase authorization permits shares to be repurchased from time to time at the discretion of the Company’s management, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The program is effective as of June 5, 2019 and would expire on June 4, 2020. On December 11, 2019, the Company closed out this repurchase program. The Company repurchased a total of 172,740 shares of its common stock under this repurchase program. During the three months ended March 31, 2020, the Company did not repurchase its common stock. Shares Issued to Consultants On November 16, 2019, the Company entered into a consulting agreement with a consultant for consulting and strategy services effective on November 16, 2019 for a one year term. The Company agreed to grant the consultant 20,000 shares of the Company’s common stock. Twenty-five percent (25%) of those shares vested on February 15, 2020, 25% vested on May 15, 2020; 25% vested on August 15, 2020 and the remaining 25% vested on November 15, 2020. The fair value of 20,000 shares was $51,000 which was calculated based on the stock price of $2.55 per share on November 18, 2019 and will be amortized over the service term. The shares were issued pursuant to Nova LifeStyle, Inc.’s 2014 Omnibus Long-Term Incentive Plan (the “Plan”). During the three months ended March 31, 2020, the Company amortized $12,750 as consulting expenses. On November 16, 2020, the Company entered into a consulting agreement with a consultant for consulting and strategy services effective on November 16, 2020 for a one-year term. The Company agreed to grant the consultant 20,000 shares of the Company’s common stock. Twenty-five percent (25%) of those shares vested on February 15, 2021, 25% will vest on May 15, 2021; 25% will vest on August 15, 2021 and the remaining 25% will vest on November 15, 2021. The fair value of 20,000 shares was $39,600 which was calculated based on the stock price of $1.98 per share on November 16, 2020 and will be amortized over the service term. The shares would be issued pursuant to the Plan. During the three months ended March 31, 2021, the Company amortized $9,900 as consulting expenses. Shares and Warrants Issued through Private Placement Private Placement on May 28, 2015 On May 28, 2015, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain purchasers (the “Purchasers”) pursuant to which the Company offered to the Purchasers, in a registered direct offering, an aggregate of 594,102 shares of common stock, par value $0.001 per share. Of these, 400,000 shares were sold to the Purchasers at a negotiated purchase price of $10.00 per share, for aggregate gross proceeds to the Company of $4,000,002, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. In accordance with the terms of the Purchase Agreement, the Company exchanged outstanding 2014 Series A Warrants with their holders for 132,006 shares of common stock, and exchanged the outstanding 2014 Series C Warrants with their holders for 62,096 shares of common stock. In a concurrent private placement, the Company also sold to the Purchasers a warrant to purchase one share of the Company’s common stock for each share purchased for cash in the offering, pursuant to that certain Common Stock Purchase Warrant, by and between the Company and each Purchaser (the “2015 Warrants”). The 2015 Warrants became exercisable beginning on the six month anniversary of the date of issuance (the “Initial Exercise Date”) at an exercise price of $13.55 per share and will expire on the five year anniversary of the Initial Exercise Date. The purchase price of one share of the Company’s common stock under the 2015 Warrants is equal to the exercise price. The 2015 Warrants expired on December 1, 2020. The warrants issued in the private placement described above are exercisable for a fixed number of shares, and are classified as equity instruments under ASC 815-40-25-10. The Company accounted for the warrants issued in the 2015 private placement based on the fair value method under ASC Topic 505, and the fair value of the warrants was calculated using the Black-Scholes model under the following assumptions: estimated life of 5 years, volatility of 107%, risk-free interest rate of 1.55% and dividend yield of 0%. No estimate of forfeitures was made as the Company has a short history of granting options and warrants. The fair value of the warrants issued to investors at grant date was $3,147,530. Shares and Options Issued to Independent Directors On November 4, 2019, the Company entered into stock option agreements under the 2014 Omnibus Long-Term Incentive Plan with the three independent members of the board of directors. The Company agreed to grant the Company’s three independent directors options to purchase an aggregate of 60,000 shares of the Company’s common stock at an exercise price of $2.80 per share, with a term of 5 years. Twenty-five percent (25%) of those stock options vested on November 30, 2019, 25% vested on February 28, 2020, 25% on May 31, 2020, and the remaining 25% vested on August 31, 2020. The fair value of the stock options granted is estimated on the date of the grant using the Black-Scholes option pricing model (“BSOPM”) as described above. The fair value of the options was calculated using the following assumptions: estimated life of ten years, volatility of 87%, risk free interest rate of 1.60%, and dividend yield of 0%. The fair value of 60,000 stock options was $114,740 at the grant date. During the three months ended March 31, 2020, the Company recorded $28,685 as directors’ stock compensation expenses. Shares Issued to Employees and Service Providers On January 31, 2020, the Company extended an employment agreement with the Company’s Corporate Secretary for a term of one year effective from November 14, 2019. The Company agreed to grant an award of 6,000 restricted Stock Units to the officer pursuant to the Company’s 2014 Omnibus Long-Term Incentive Plan. The fair value of these shares was $12,780, which was calculated based on the stock price of $2.13 per share on January 31, 2020, the date the awards were determined by the Compensation Committee of the Board. Twenty-five percent (25%) of those shares vested on January 31, 2020, 25% on March 31, 2020, 25% on June 30, 2020 and the remaining 25% vested on September 30, 2020. During the three months ended March 31, 2020, the Company amortized $3,195 as stock compensation. On November 10, 2020, the Company extended an employment agreement with the Company’s Corporate Secretary for a term of one year effective from November 14, 2020. The Company agreed to grant an award of 6,000 restricted Stock Units to the officer pursuant to the Company’s 2014 Omnibus Long-Term Incentive Plan. The fair value of these shares was $11,880, which was calculated based on the stock price of $1.98 per share on November 10, 2020, the date the awards were determined by the Compensation Committee of the Board. Twenty-five percent (25%) of those shares vested on November 10, 2020, 25% on March 31, 2021, 25% on June 30, 2021 and the remaining 25% will vest on September 30, 2021. During the three months ended March 31, 2021, the Company amortized $2,970 as stock compensation. Options Issued to Employees On August 12, 2019, the Board approved an option grant to the Company’s CFO to purchase an aggregate of 7,000 shares of the Company’s common stock at an exercise price of $3.85 per share, with a term of 5 years, pursuant to the Company’s 2014 Omnibus Long-Term Incentive Plan. Fifty percent (50%) of those stock options vested immediately, and the remaining 50% vested on the six-month anniversary of the Grant Date. The fair value of the option granted to the CFO in 2019 is recognized as compensation expense over the vesting period of the stock option award. The fair value of the options was calculated using the following assumptions: estimated life of ten years, volatility of 87%, risk free interest rate of 1.49%, and dividend yield of 0%. The fair value of 7,000 stock options was $18,318 at the grant date. During the three months ended March 30, 2020, the Company recorded $9,159 as stock compensation. As of March 31, 2021, unrecognized share-based compensation expense was $32,057. Stock option activity under the Company’s stock-based compensation plans is shown below: Number of Shares Average Exercise Price per Share Aggregate Intrinsic Value(1) Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2021 340,500 $ 5.97 $ - 2.33 Exercisable at January 1, 2021 340,500 5.97 $ - 2.33 Granted - - - - Exercised - - - - Forfeited - - - - Outstanding at March 31, 2021 340,500 $ 5.97 $ - 2.08 Exercisable at March 31, 2021 340,500 $ 5.97 $ - 2.08 (1) The intrinsic value of the stock options at March 31, 2021 is the amount by which the market value of the Company’s common stock of $3.24 as of March 31, 2021 exceeds the exercise price of the option. Statutory Reserves As a U.S. holding company, the Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiary, Nova Macao, only out of the subsidiary’s retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Nova Macao. Pursuant to the corporate laws of the PRC and Macao, including the PRC Regulations on Enterprises with Foreign Investment, Nova Macao is required to maintain a statutory reserve by appropriating from after-tax profit before declaration or payment of dividends. The statutory reserve represents restricted retained earnings. As a result of the Macau laws and regulations that require annual appropriations of 10% of after-tax income to be set aside prior to payment of dividends as a general statutory reserve fund until such reserve balance reaches 50% of the subsidiary’s registered capital. Nova Macao is restricted in its ability to transfer a portion of its net assets to the Company as a dividend. Surplus Reserve Fund Nova Macao dissolved in January 2021. At March 31, 2021 and December 31, 2020, it had surplus reserves of $0 and $6,241, representing 0% and 50% of its registered capital, respectively. Common Welfare Fund The common welfare fund is a voluntary fund to which Nova Macao can elect to transfer 5% to 10% of its net income. This fund can only be utilized on capital items for the collective benefit of the subsidiary’s employees, such as construction of dormitories, cafeteria facilities, and other staff welfare facilities. This fund is non-distributable other than upon liquidation. Nova Macao did not participate in this voluntary fund.

Geographical Analysis

Geographical Analysis	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 13 - Geographical Analysis Geographical distribution of sales consisted of the following for the three months ended March 31, 2021 and 2020: 2021 2020 Geographical Areas North America $ 3,006,431 $ 2,184,856 Asia* 178,282 - Other countries 146,854 18,364 $ 3,331,567 $ 2,203,220 Geographical location of identifiable long-lived assets as of March 31, 2021 and December 31, 2020: 2021 2020 Geographical Areas North America $ 2,087,621 $ 2,236,709 Asia* 459,283 536,551 $ 2,546,904 $ 2,773,260 * excluding China

Lease

Lease	3 Months Ended
	Mar. 31, 2021
ASU 2016-02 Transition [Abstract]
Lessee, Operating Lease, Disclosure [Table Text Block]	Note 14 - Lease On June 17, 2013, the Company entered into a lease agreement for office, warehouse, storage, and distribution space in the U.S. with a five year term, commencing on November 1, 2013 and expiring on October 31, 2018. The lease agreement also provides an option to extend the term for an additional six years. On April 23, 2018, the Company extended the lease for another 36 months with an expiration date of October 31, 2021. The monthly rental payment is $42,000 with an annual 3% increase. The Company has entered into several lease agreements for office and warehouse space in Commerce, California and showroom space in Las Vegas, Nevada and High Point, North Carolina on monthly or annual terms. On July 15, 2019, Nova Malaysia entered into a sublease agreement for warehouse space with a two-year term, expiring on July 14, 2021. The monthly rental payment was 20,000 Malaysia Ringgit ($4,918) and has been adjusted to 35,000 Malaysia Ringgit ($8,607) since August 1, 2020. On October 29, 2019, Nova Malaysia entered into a lease agreement for showroom with a two-year term, commencing on December 1, 2019 and expiring on November 30, 2021. The monthly rental payment is 9,280 Malaysia Ringgit ($2,282). On August 20, 2020, Nova Malaysia entered into a sublease agreement for an office and service center with a two year term, commencing on September 1, 2020 and expiring on August 31, 2022. The monthly rental payment is $30,000 Malaysia Ringgit ($7,377). The operating lease expense for the three months ended March 31, 2021 and 2020 were as follows: 2021 2020 Operating lease cost – straight line $ 200,794 $ 176,252 Total lease expense $ 200,794 $ 176,252 The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2021: Operating Leases 2022 $ 757,699 2023 682,621 2024 665,826 2025 338,667 Thereafter - Total undiscounted cash flows 2,444,813 Less: imputed interest (197,823 ) Present value of lease liabilities 2,246,990 Lease Term and Discount Rate March 31, 2021 Weighted-average remaining lease term - years Operating leases - USA 3.59 Operating leases - Malaysia 1.11 Weighted-average discount rate (%) Operating leases - USA 5.00 % Operating leases - Malaysia 2.88 %

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 15 - Commitments and Contingencies Legal Proceedings On December 28, 2018, a federal putative class action complaint was filed by George Barney against the Company and its former and current CEOs and CFOs (Thanh H. Lam, Ya Ming Wong, Jeffery Chuang and Yuen Ching Ho) in the United States District Court for the Central District of California, claiming the Company violated federal securities laws and pursuing remedies under Sections 10(b) and 20(a) of the Security Exchange Act of 1934 and Rule 10b-5 (the “Barney Action”). Richard Deutner and ITENT EDV were subsequently substituted as plaintiffs and, on June 18, 2019, they filed an Amended Complaint. In an Amended Complaint, plaintiffs seek to represent a class of entities involved in any transaction in Nova’s stock from December 3, 2015 through December 20, 2018. They claim that during this period the Company: (1) overstated its purported strategic alliance with a customer in China to operate as lead designer and manufacturer for all furnishings in its planned $460 million senior care center in China; and (2) inflated its reported sales in 2016 and 2017 with two major customers. Plaintiffs claim that the falsity of these representations was exposed in a blog posted on the Seeking Alpha Seeking Alpha Nova denies that there were any misstatements made in its public disclosures. It also, inter alia By Order entered December 2, 2019, the Court denied a Motion to Dismiss the Amended Complaint Nova, Ms. Lam and Mr. Chuang filed (the “Nova Defendants”) The Nova Defendants accordingly answered the Amended Complaint. The Court entered a scheduling order setting a final pretrial conference for July 20, 2020 that has now been extended until an unspecified date in August, 2021. On April 9, 2021, plaintiffs filed a Motion to Certify a Class. A hearing on this Motion has been set for July 12, 2021. Independent of the litigation, the Audit Committee engaged the Company’s independent auditor to perform special procedures to confirm the sales challenged in the Barney Seeking Alpha On March 8, 2019, in the United States District Court for the Central District of California, Jie Yuan (the “Jie Action”) filed a putative shareholder derivative lawsuit purportedly on behalf of the Company against its former and current CEOs and CFOs (Thanh H. Lam, Ya Ming Wong, Jeffery Chuang and Yuen Ching Ho) and directors (Charlie Huy La, Bin Liu, Umesh Patel, and Min Su) and vice president (Steven Qiang Liu) (collectively, the “Defendants”) seeking to recover any losses the Company sustains as a result of alleged securities violations outlined in the Seeking Alpha Barney On May 15, 2019, Wilson Samuels (the “Samuels Action”) filed a putative derivative complaint purportedly on behalf of the Company against the same current and former directors and officers named in the Jie Action other than Steven Qiang Liu. That action was filed in the United States District Court for the Central District of California. Samuels repeats the allegations of the Complaint in the Jie Action. Additionally, Samuels claims that, in announcing its change of auditing firms in September 2016, the Company asserted that this change was made because its existing auditor ceased auditing public companies subject to regulation in the United States without disclosing that its new auditing firm was created in a merger of three accounting firms, including a firm whose registration was revoked by the Public Company Accounting Oversight Board. Samuels also claims that the Company redeemed its stock in reliance upon the same purported fraudulent recognition of revenues claimed in the putative class action. He purports to state direct claims under Sections 10(b) and 20 of the Exchange Act and SEC Rule 10b-5. On March 3, 2020, defendants filed in motions to stay the derivative actions until the Barney Action is resolved or alternatively to dismiss on the grounds that plaintiffs’ failure to make demand upon the Board was not excused and the Complaints otherwise fail to state a claim upon which relief can be granted. By Order entered April 7, 2020, the Court granted defendants’ Motion to Stay and stayed the Jie Action until the Barney Action is resolved. The Court subsequently entered a similar Order in the Samuels Action. It also took a motion the derivative plaintiffs filed to consolidate the proceedings and appoint lead counsel off calendar. While these derivative actions are purportedly asserted on behalf of the Company, to the extent they are subsequently activated, it is possible that the Company may directly incur attorneys’ fees and is advancing the costs of defense for its current directors and officers pursuant to contractual and legal indemnity obligations. The Company believes there is no basis to the derivative complaints and they will be vigorously defended if necessary. Other than the above, the Company is not currently a party to any legal proceeding, investigation or claim which, in the opinion of the management, is likely to have a material adverse effect on the business, financial condition or results of operations.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 16 - Subsequent Events The company has evaluated subsequent events through the issuance of the condensed consolidated financial statements and no subsequent event is identified.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. The interim condensed consolidated financial information as of March 31, 2021 and for the three month periods ended March 31, 2021 and 2020 have been prepared without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures, which are normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The interim condensed consolidated financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, previously filed with the SEC on March 29, 2021. In the opinion of management, all adjustments (which include all significant normal and recurring adjustments) necessary to present a fair statement of the Company’s interim condensed consolidated financial position as of March 31, 2021, its interim condensed consolidated results of operations and cash flows for the three month periods ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing condensed consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, revenue recognition, the allowance for bad debt, valuation of inventories, the valuation of stock-based compensation, income taxes and unrecognized tax benefits, valuation allowance for deferred tax assets, assumptions used in assessing impairment of long-lived assets and goodwill, and loss contingencies. Actual results could differ from those estimates. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for the Company’s products, and adversely impact its results of operations. During the three months ended March 31, 2021, the Company continued to face increasing uncertainties around its estimates of revenue collectability, accounts receivable credit losses and valuation of inventories. The Company expects uncertainties around its key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic. Its estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in its unaudited condensed consolidated financial statements.
Business Combinations Policy [Policy Text Block]	Business Combination For a business combination, the assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree are recognized at the acquisition date and measured at their fair values as of that date. In a business combination achieved in stages, the identifiable assets and liabilities, as well as the noncontrolling interest in the acquiree, are recognized at the full amounts of their fair values. In a bargain purchase in which the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred plus any noncontrolling interest in the acquiree, that excess in earnings is recognized as a gain attributable to the acquirer. Deferred tax liability and assets are recognized for the deferred tax consequences of differences between the tax bases and the recognized values of assets acquired and liabilities assumed in a business combination in accordance with Accounting Standards Codification (“ASC”) Topic 740-10.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill is the excess of purchase price and related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. In accordance with ASC Topic 350, “Intangibles-Goodwill and Other,” goodwill is not amortized but is tested for impairment, annually or more frequently when circumstances indicate a possible impairment may exist. Impairment testing is performed at a reporting unit level. An impairment loss generally would be recognized when the carrying amount of the reporting unit exceeds its fair value, with the fair value of the reporting unit determined using discounted cash flow (“DCF”) analysis. A number of significant assumptions and estimates are involved in the application of the DCF analysis to forecast operating cash flows, including the discount rate, the internal rate of return and projections of realizations and costs to produce. Management considers historical experience and all available information at the time the fair values of its reporting units are estimated. ASC Topic 350 also permits an entity to first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the two-step goodwill impairment test is required to be performed. Otherwise, no further testing is required. Performing the qualitative assessment involved identifying the relevant drivers of fair value, evaluating the significance of all identified relevant events and circumstances, and weighing the factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. After evaluating and weighing all these relevant events and circumstances, it was concluded that a positive assertion can be made from the qualitative assessment that it is more likely than not that the fair value of Diamond Bar is greater than its carrying amount. As such, it is not necessary to perform the two-step goodwill impairment test for the Diamond Bar reporting unit. Accordingly, as of December 31, 2020 and 2019, the Company concluded there was no impairment of goodwill of Diamond Bar.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers cash, money market funds, investments in interest bearing demand deposit accounts, time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable The Company’s accounts receivable arises from product sales. The Company does not adjust its receivables for the effects of a significant financing component at contract inception if it expects to collect the receivables in one year or less from the time of sale. The Company does not expect to collect receivables greater than one year from the time of sale. The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. An analysis of the allowance for doubtful accounts is as follows: Balance at January 1, 2021 $ 5,201 Reversal (3,460 ) Balance at March 31, 2021 $ 1,741 During the three months ended March 31, 2021 and 2020, bad debts reversal from continuing operations was $3,460 and $23, respectively. During the three months ended March 31, 2021 and 2020, bad debt provision and written off from discontinued operations were $0.
Advances to Suppliers Policy [Policy Text Block]	Advances to Suppliers Advances to suppliers are reported net of allowance when the Company determines that amounts outstanding are not likely to be collected in cash or utilized against purchase of inventories. Based on its historical record and in normal circumstances, the Company receives goods within 5 to 9 months from the date the advance payment is made. Due to the COVID-19 pandemic, freight transportation of products from our international suppliers has been delayed or suspended during the outbreak. As such, no reserve on supplier prepayments had been made or recorded by the Company. Any provisions for allowance for advances to suppliers, if deemed necessary, are included in general and administrative expenses in the consolidated statements of comprehensive income (loss). During the three months ended March 31, 2021 and 2020, no provision was made on advances to suppliers.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost and net realizable value, with cost determined on a weighted-average basis. Write-down of potential obsolete or slow moving inventories is recorded based on management’s assumptions about future demands and market conditions. There were no write-downs of inventories from the Company’s continuing operation for the three months ended March 31, 2021 and 2020. There were also no write-downs of inventories from the Company’s discontinued operations for the three months ended March 31, 2021 and 2020.
Property, Plant and Equipment, Policy [Policy Text Block]	Plant, Property and Equipment Plant, property and equipment are stated at cost, net of accumulated depreciation and impairment losses, if any. Expenditures for maintenance and repairs are expensed as incurred, while additions, renewals and improvements are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with no salvage value and estimated lives as follows: Computer and office equipment 5 - 10 years Decoration and renovation 5 - 10 years
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets Long-lived assets, which include property, plant and equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets.” ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group asset group exceeds its fair value based on discounted cash flow analysis or appraisals.
Stockholders' Equity, Policy [Policy Text Block]	Treasury Stock Treasury stock purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Gains and losses on the subsequent reissuance of shares are credited or charged to additional paid-in capital using the average-cost method. Upon retirement of treasury stock, the amounts in excess of par value are charged entirely to retained earnings.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Research and development costs are related primarily to the Company designing and testing its new products during the development stage. Research and development costs are recognized in general and administrative expenses and expensed as incurred. Research and development expenses from continuing operations were $3,264 and $12,266 for the three months ended March 31, 2021 and 2020, respectively. During the three months ended March 31, 2021 and 2020, research and development costs from discontinued operations were $0.
Income Tax, Policy [Policy Text Block]	Income Taxes In its interim financial statements, the Company follows the guidance in ASC 270 “Interim Reporting” and ASC 740 “Income Taxes” whereby the Company utilizes the expected annual effective rate in determining its income tax provision. The income tax expense for the three months ended March 31, 2021 is $9,676 and is primarily related to quarter-to-date income generated from foreign operation. The income tax benefit for the three months ended March 31, 2020 is $6,000 and is primarily related to quarter-to-date losses generated from foreign operation. Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under the provisions of ASC Topic 740, when tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Nova Lifestyle, Inc. and Diamond Bar are subject to U.S. federal and state income taxes. Nova Furniture BVI was incorporated in the BVI, Nova Samoa was incorporated in Samoa, and Nova HK was incorporated in Hong Kong. There is no income tax for companies domiciled in the BVI and Samoa. Accordingly, the Company’s condensed consolidated financial statements do not present any income tax provisions related to the BVI and Samoa tax jurisdictions where Nova Furniture BVI and Nova Samoa are domiciled. Nova Malaysia is incorporated in Malaysia and is subject to Malaysia income taxes. Nova HK is incorporated in Hong Kong and is subject to Hong Kong income taxes. The Tax Cuts and Jobs Act of 2017 (the “Act”) created new taxes on certain foreign‐sourced earnings such as global intangible low‐taxed income (“GILTI”) under IRC Section 951A, which is effective for the Company for tax years beginning after January 1, 2018. For the year ended December 31, 2020, the Company has calculated its best estimate of the impact of the GILTI in its income tax provision in accordance with its understanding of the Act and guidance available as of the date of this filing. On March 27, 2020, the CARES Act were each enacted in response to the COVID-19 pandemic. The CARES Act contains numerous income tax provisions, such as relaxing limitations on the deductibility of interest and the use of net operating losses (NOLs) arising in taxable years beginning after December 31, 2017. As of March 31, 2021 and December 31, 2020, the accumulated undistributed earnings generated by its foreign subsidiaries were approximately $27.9 million, of which substantially all was previously subject to U.S. tax, the one-time transition tax on foreign unremitted earnings required by the Tax Act, or GILTI. Those earnings are considered to be permanently reinvested and accordingly, no deferred tax expense is recorded for U.S. federal and state income tax or applicable withholding taxes. A reconciliation of the three month ended March 31, 2021 and 2020 amount of unrecognized tax benefits excluding interest and penalties (“Gross UTB”) is as follows: Gross UTB 2021 2020 Balance $ 935 12,547 At March 31, 2021 and December 31, 2020, the Company had cumulatively accrued approximately $100 and $131 for estimated interest and penalties related to unrecognized tax benefits, respectively, related to the Company’s continuing operations. The Company recorded interest and penalties related to unrecognized tax benefits as a component of income tax benefit, which totaled $100 and $125 for the three months ended March 31, 2021, and 2020, respectively. The Company does not anticipate any significant changes to its unrecognized tax benefits within the next 12 months. At December 31, 2020, the Company had cumulatively accrued approximately $0 for estimated interest and penalties related to unrecognized tax benefits related to the Company’s discontinued operations. The Company did not record interest and penalties related to unrecognized tax benefits as a component of income tax expense for the three months ended March 31, 2021, and 2020 related to the Company’s discontinued operations. As of March 31, 2021, unrecognized tax benefits were approximately $900. The total amount of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate was $900 as of March 31, 2021. As of March 31, 2020, unrecognized tax benefits were approximately $12,500. The total amount of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate was $14,000 as of March 31, 2020. Nova Lifestyle and Diamond Bar are subject to U.S. federal and state income taxes and tax years 2018-2020 remain open to examination by tax authorities in the U.S.
Revenue [Policy Text Block]	Revenue Recognition The Company recognizes revenues when its customers obtain control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five step model prescribed under ASU No. 2014-09: (i) identifies contract(s) with a customer; (ii) identifies the performance obligations in the contract; (iii) determines the transaction price; (iv) allocates the transaction price to the performance obligations in the contract; and (v) recognizes revenues when (or as) it satisfies the performance obligation. Revenues from product sales are recognized when the customer obtains control of the Company’s product, which occurs at a point in time, typically upon delivery to the customer. The Company expenses incremental costs of obtaining a contract as and when incurred if the expected amortization period of the asset that it would have recognized is one year or less or the amount is immaterial. Revenues from product sales are recorded net of reserves established for applicable discounts and allowances that are offered within contracts with the Company’s customers. Product revenue reserves, which are classified as a reduction in product revenues, are generally characterized in the following categories: discounts, returns and rebates. These reserves are based on estimates of the amounts earned or to be claimed on the related sales and are classified as reductions of accounts receivable as the amount is payable to the Company’s customer. The Company’s sales policy allows for product returns within the warranty period if the product is defective and the defects are the Company’s fault. As alternatives to the product return option, the customers have the option of requesting a discount from the Company for products with quality issues or of receiving replacement parts from the Company at no cost. The amount for product returns, the discount provided to the Company’s customers, and the costs for replacement parts were immaterial for the three months ended March 31, 2021 and 2020. The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling expenses on the Company’s consolidated statements of comprehensive income (loss).
Cost of Goods and Service [Policy Text Block]	Cost of Sales Cost of sales consists primarily of costs of finished goods purchased from third-party manufacturers and write-downs of inventory.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs related to delivery of finished goods are included in selling expenses. During the three months ended March 31, 2021 and 2020, shipping and handling costs from continuing operations were $993 and $349, respectively. During the three months ended March 31, 2020, shipping and handling costs from discontinued operations were $0.
Advertising Cost [Policy Text Block]	Advertising Advertising expenses consist primarily of costs of promotion and marketing for the Company’s image and products, and costs of direct advertising, and are included in selling expenses. The Company expenses all advertising costs as incurred. Advertising expense from continuing operations was $407,862 and $17,998 for the three months ended March 31, 2021 and 2020, respectively. During the three months ended March 31, 2020, advertising expense from discontinued operations were $0.
Share-based Payment Arrangement [Policy Text Block]	Share-based compensation The Company accounts for share-based compensation awards to officers, directors, employees, and for acquiring goods and services from nonemployees in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that share-based payment transactions be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the vesting period.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share (EPS) Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares pertaining to warrants, stock options, and similar instruments had been issued and if the additional common shares were dilutive. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding unvested restricted stock, options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). The following table presents a reconciliation of basic and diluted loss per share for the three months ended March 31, 2021 and 2020: March 31, 2021 March 31, 2020 Net loss from continuing operations $ (763,537 ) $ (1,012,913 ) Net loss from discontinued operations - (326,531 ) Net loss (763,537 ) (1,339,444 ) Weighted average shares outstanding – basic and diluted* 5,598,678 5,572,196 Net loss from continuing operations per share of common stock Basic and Diluted $ (0.14 ) $ (0.18 ) Net loss from discontinued operations income per share of common stock Basic and Diluted $ - $ (0.06 ) Net loss per share of common stock Basic and Diluted $ (0.14 ) $ (0.24 ) * Including 36,307 and 41,307 shares that were granted and vested but not yet issued for the three months ended March 31, 2021 and 2020, respectively. For the three months ended March 31, 2021, 18,000 shares of unvested restricted stock and stock options to purchase 340,500 shares of the Company’s stock were excluded from the EPS calculation, as their effects were anti-dilutive. For the three months ended March 31, 2020, 171,667 shares purchasable under warrants, 45,600 shares of unvested restricted stock and stock options to purchase 340,500 shares of the Company’s stock were anti-dilutive and were excluded from EPS calculation.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. No customer accounted for 10% or more of the Company’s sales from our continuing operations for the three months ended March 31, 2021. Two customers accounted for 19% and 18% of the Company’s gross accounts receivable as of March 31, 2021, respectively. Two customers accounted for 40% and 27% of the Company’s gross accounts receivable as of December 31, 2020, respectively. One customer accounted for 10% of the Company’s sales from our continuing operations for the three months ended March 31, 2020. No customer accounted for 10% or more of the Company’s sales from our discontinued operations for the years ended March 31, 2021 and 2020. The Company purchased its products from three and four major vendors during the three months ended March 31, 2021 and 2020, accounting for a total of 58% (32%, 13%, and 13% each) and 74% (38%, 15%, 11% and 10% each) of the Company’s purchases from continuing operations, respectively. Advances made to these vendors were $155,235 and $0 as of March 31, 2021 and December 31, 2020, respectively. Accounts payable to these vendors were $79,979 and $0 as of March 31, 2021 and December 31, 2020, respectively.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The carrying value of cash, accounts receivable, advances to suppliers, other receivables, accounts payable, advance from customers, other payables and accrued liabilities approximate estimated fair values because of their short maturities.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation and Transactions The condensed consolidated financial statements are presented in United States Dollar (“$” or “USD”), which is also the functional currency of Nova LifeStyle, Nova Furniture, Nova Samoa, Diamond Bar, Nova HK and i Design, and its former subsidiaries, Nova Macao, Bright Swallow. The Company's subsidiary with operations in Malaysia uses its local currency, Malaysian Ringgit (“RM”), as its functional currency. An entity’s functional currency is the currency of the primary economic environment in which it operates, which is the currency of the environment in which the entity primarily generates and expends cash. Management’s judgment is essential to determine the functional currency by assessing various indicators, such as cash flows, sales price and market, expenses, financing and inter-company transactions and arrangements. Foreign currency transactions denominated in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are re-measured at the applicable rates of exchange in effect at that date. Gains and losses resulting from foreign currency re-measurement are included in the statements of comprehensive loss. The financial statements are presented in U.S. dollars. Assets and liabilities are translated into U.S. dollars at the current exchange rate in effect at the balance sheet date, and revenues and expenses are translated at the average of the exchange rates in effect during the reporting period. Stockholders’ equity accounts are translated using the historical exchange rates at the date the entry to stockholders’ equity was recorded, except for the change in retained earnings during the period, which is translated using the historical exchange rates used to translate each period’s income statement. Differences resulting from translating functional currencies to the reporting currency are recorded in accumulated other comprehensive income in the balance sheets. Translation of amounts from RM into U.S. dollars has been made at the following exchange rates: Balance sheet items, except for equity accounts March 31, 2021 RM4.15 to 1 December 31, 2020 RM4.02 to 1 Income statement and cash flows items For the period ended March 31, 2021 RM4.07 to 1 For the period ended March 31, 2020 RM4.18 to 1
Segment Reporting, Policy [Policy Text Block]	Segment Reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s chief operating decision maker organizes segments within the company for making operating decisions assessing performance and allocating resources. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined that the Company’s operations constitute a single reportable segment in accordance with ASC 280. The Company operates exclusively in one business and industry segment: the design and sale of furniture. Management concluded that the Company had one reportable segment under ASC 280 because Diamond Bar is a furniture distributor based in California focusing on customers in the US, Bright Swallow is a furniture distributor focusing on customers in Canada, and Nova Macao is a furniture distributor based in Macao focusing on international customers, Nova HK is a furniture distributor based in Hong Kong focusing on international customers, and Nova Malaysia is a furniture retailer and distributor focusing on customers primarily in Malaysia. They are all operated under the same senior management of the Company, and management views the operations of Diamond Bar, Bright Swallow, Nova Macao, Nova HK and Nova Malaysia as a whole for making business decisions. After the disposal of Nova Dongguan and its subsidiaries in October 2016, all of the Company’s long-lived assets are mainly property, plant and equipment located in the United States and Malaysia for administrative purposes. Net sales to customers by geographic area are determined by reference to the physical product shipment delivery locations requested by the customers. For example, if the products are delivered to a customer in the US, the sales are recorded as generated in the U.S.; if the customer directs us to ship its products to China, the sales are recorded as sold in China.
Lessee, Leases [Policy Text Block]	Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for the operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. The lease has remaining lease term of approximately four years. Lease expense is recognized on a straight-line basis over the lease term. The Company elected the package of practical expedients permitted under the transition guidance to combine the lease and non-lease components as a single lease component for operating leases associated with the Company’s office space lease, and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. ROU assets are reviewed for impairment when indicators of impairment are present. ROU assets from operating and finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment, as ROU assets are long-lived nonfinancial assets. ROU assets are tested for impairment individually or as part of an asset group if the cash flows related to the ROU asset are not independent from the cash flows of other assets and liabilities. An asset group is the unit of accounting for long-lived assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. The Company recognized no impairment of ROU assets as of March 31, 2021 and December 31, 2020. The operating lease is included in operating lease right-of-use assets, operating lease liabilities-current and operating lease liabilities-non-current on the consolidated balance sheets.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements Recent Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistent application among reporting entities. Upon adoption, the Company must apply certain aspects of this standard retrospectively for all periods presented while other aspects are applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The Company applied the new standard beginning January 1, 2021. In August 2020, the FASB issued ASU No. 2020-06 “ASU 2020-06”) “Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40).” ASU 2020-06 reduces the number of accounting models for convertible debt instruments by eliminating the cash conversion and beneficial conversion models. As a result, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost as long as no other features require bifurcation and recognition as derivatives. For contracts in an entity’s own equity, the type of contracts primarily affected by this update are freestanding and embedded features that are accounted for as derivatives under the current guidance due to a failure to meet the settlement conditions of the derivative scope exception. This update simplifies the related settlement assessment by removing the requirements to (i) consider whether the contract would be settled in registered shares, (ii) consider whether collateral is required to be posted, and (iii) assess shareholder rights. ASU 2020-06 is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, and only if adopted as of the beginning of such fiscal year. The Company adopted ASU 2020-06 effective January 1, 2021. The adoption of ASU 2020-06 did not have any impact on the Company’s condensed consolidated financial statement presentation or disclosures. Recently issued accounting pronouncements not yet adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. Adoption of the ASUs is on a modified retrospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022. The Company is currently evaluating the impact that the standard will have on its condensed consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its condensed consolidated financial statements. The Company’s management does not believe that any other recently issued, but not yet effective, authoritative guidance, if currently adopted, would have a material impact on the Company’s financial statement presentation or disclosures.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Summary of Significant Accounting Policies (Tables) [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	An analysis of the allowance for doubtful accounts is as follows: Balance at January 1, 2021 $ 5,201 Reversal (3,460 ) Balance at March 31, 2021 $ 1,741
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	A reconciliation of the three month ended March 31, 2021 and 2020 amount of unrecognized tax benefits excluding interest and penalties (“Gross UTB”) is as follows: Gross UTB 2021 2020 Balance $ 935 12,547
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table presents a reconciliation of basic and diluted loss per share for the three months ended March 31, 2021 and 2020: March 31, 2021 March 31, 2020 Net loss from continuing operations $ (763,537 ) $ (1,012,913 ) Net loss from discontinued operations - (326,531 ) Net loss (763,537 ) (1,339,444 ) Weighted average shares outstanding – basic and diluted* 5,598,678 5,572,196 Net loss from continuing operations per share of common stock Basic and Diluted $ (0.14 ) $ (0.18 ) Net loss from discontinued operations income per share of common stock Basic and Diluted $ - $ (0.06 ) Net loss per share of common stock Basic and Diluted $ (0.14 ) $ (0.24 ) * Including 36,307 and 41,307 shares that were granted and vested but not yet issued for the three months ended March 31, 2021 and 2020, respectively.
Schedule of Exchange Rates [Table Text Block]	Translation of amounts from RM into U.S. dollars has been made at the following exchange rates: Balance sheet items, except for equity accounts March 31, 2021 RM4.15 to 1 December 31, 2020 RM4.02 to 1 Income statement and cash flows items For the period ended March 31, 2021 RM4.07 to 1 For the period ended March 31, 2020 RM4.18 to 1
Property Plant and Equipment Estimated Useful Lives [Member]
Summary of Significant Accounting Policies (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	Depreciation of property and equipment is provided using the straight-line method for substantially all assets with no salvage value and estimated lives as follows: Computer and office equipment 5 - 10 years Decoration and renovation 5 - 10 years

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	The following table summarizes the net assets of Bright Swallow at the date of disposal (January 7, 2020): Cash and cash equivalents $ 1,462,200 Accounts receivable, net 969,841 Advance to suppliers 609,935 Accounts payable (948 ) Advance from customers (126,916 ) Accrued liabilities and other payables (2,553 ) Income tax payable (85,028 ) Net assets of Bright Swallow upon disposal 2,826,531 Cash received as of March 31, 2020 (2,500,000 ) Loss on disposal of subsidiary $ (326,531 ) March 31, 2020 Sales $ - Cost of sales - Operating expenses - Other expense, net - Loss on disposal of subsidiary (326,531 ) Loss before income taxes (326,531 ) Income tax benefit - Loss from discontinued operations $ (326,531 )

Plant, Property and Equipment_2

Plant, Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Member]
Plant, Property and Equipment, Net (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	As of March 31, 2021 and December 31, 2020, plant, property and equipment consisted of the following: March 31, 2021 December 31, 2020 Computer and office equipment $ 396,041 $ 396,302 Decoration and renovation 438,521 448,641 Less: accumulated depreciation (408,315 ) (391,425 ) $ 426,247 $ 453,518

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Intangible assets consisted of the following as of March 31, 2021 and December 31, 2020: March 31, 2021 December 31, 2020 Customer relationship $ 50,000 $ 50,000 Trademarks 200,000 200,000 Less: accumulated amortization (250,000 ) (250,000 ) $ - $ -

Prepaid Expenses and Other Re_2

Prepaid Expenses and Other Receivables (Tables)	3 Months Ended
	Mar. 31, 2021
Other Income and Expenses [Abstract]
Schedule of Other Current Assets [Table Text Block]	Prepaid expenses and other receivables consisted of the following at March 31, 2021 and December 31, 2020: March 31, 2021 December 31, 2020 Prepaid expenses $ 99,425 $ 217,591 Other receivables 119,936 132,155 $ 219,361 $ 349,746

Accrued Liabilities and Other_2

Accrued Liabilities and Other Payables (Tables)	3 Months Ended
	Mar. 31, 2021
Disclosure Text Block Supplement [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities and other payables consisted of the following as of March 31, 2021 and December 31, 2020: March 31, 2021 December 31, 2020 Other payables $ 8,890 $ 6,428 Salary payable 13,462 6,731 Financed insurance premiums - 103,104 Accrued rents 10,429 14,899 Accrued marketing - 30,000 Accrued commission 95,269 112,673 Accrued expenses, others 132,730 53,338 $ 260,780 $ 327,173

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Stock option activity under the Company’s stock-based compensation plans is shown below: Number of Shares Average Exercise Price per Share Aggregate Intrinsic Value(1) Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2021 340,500 $ 5.97 $ - 2.33 Exercisable at January 1, 2021 340,500 5.97 $ - 2.33 Granted - - - - Exercised - - - - Forfeited - - - - Outstanding at March 31, 2021 340,500 $ 5.97 $ - 2.08 Exercisable at March 31, 2021 340,500 $ 5.97 $ - 2.08

Geographical Analysis (Tables)

Geographical Analysis (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Geographical distribution of sales consisted of the following for the three months ended March 31, 2021 and 2020: 2021 2020 Geographical Areas North America $ 3,006,431 $ 2,184,856 Asia* 178,282 - Other countries 146,854 18,364 $ 3,331,567 $ 2,203,220 * excluding China
Long-lived Assets by Geographic Areas [Table Text Block]	Geographical location of identifiable long-lived assets as of March 31, 2021 and December 31, 2020: 2021 2020 Geographical Areas North America $ 2,087,621 $ 2,236,709 Asia* 459,283 536,551 $ 2,546,904 $ 2,773,260 * excluding China

Lease (Tables)

Lease (Tables)	3 Months Ended
	Mar. 31, 2021
ASU 2016-02 Transition [Abstract]
Lease, Cost [Table Text Block]	The operating lease expense for the three months ended March 31, 2021 and 2020 were as follows: 2021 2020 Operating lease cost – straight line $ 200,794 $ 176,252 Total lease expense $ 200,794 $ 176,252 March 31, 2021 Weighted-average remaining lease term - years Operating leases - USA 3.59 Operating leases - Malaysia 1.11 Weighted-average discount rate (%) Operating leases - USA 5.00 % Operating leases - Malaysia 2.88 %
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2021: Operating Leases 2022 $ 757,699 2023 682,621 2024 665,826 2025 338,667 Thereafter - Total undiscounted cash flows 2,444,813 Less: imputed interest (197,823 ) Present value of lease liabilities 2,246,990

Organization and Description _2

Organization and Description of Business (Details) - USD ($)	Nov. 05, 2020	Jan. 27, 2020	Jan. 07, 2020
Organization and Description of Business (Details) [Line Items]
Proceeds from Sale of Buildings		$ 2,500,000	$ 2,500,000
Nova HK [Member]
Organization and Description of Business (Details) [Line Items]
Payments to Acquire Businesses, Gross	$ 1,290

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Summary of Significant Accounting Policies (Details) [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)	$ (3,460)	$ (23)
Inventory Write-down	0	0
Income Tax Expense (Benefit)	9,676	6,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries			$ 27,900,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	100		131
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	100	125
Unrecognized Tax Benefits	935	12,547
Unrecognized Tax Benefits, Period Increase (Decrease)	(900)	(14,000)
Revenues	$ 3,331,567	$ 2,203,220
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares)	36,307	41,307
Number of Operating Segments	1
Restricted Stock [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	18,000	45,600
Share-based Payment Arrangement, Option [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	340,500	340,500
Warrant [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)		171,667
Continuing Operations [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)	$ 3,460	$ 23
Research and Development Expense	3,264	12,266
Advertising Expense	407,862	17,998
Discontinued Operations [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)	0	0
Research and Development Expense	$ 0	$ 0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued			$ 0
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage		10.00%
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	58.00%	74.00%
Accounts Receivable, before Allowance for Credit Loss	$ 155,235	$ 0
Accounts Payable	$ 0	$ 79,979
Major Vendor A [Member] | Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	32.00%	38.00%
Major Vendor B [Member] | Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	13.00%	15.00%
Major Vendor C [Member] | Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	13.00%	11.00%
Major Vendor D [Member] | Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage		10.00%
Shipping and Handling [Member] | Continuing Operations [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenues	$ 993	$ 349
Shipping and Handling [Member] | Discontinued Operations [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenues	$ 0	$ 0
Major Customer A [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	19.00%		40.00%
Major Customer B [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	18.00%		27.00%
Diamond Bar [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Goodwill, Impairment Loss			$ 0	$ 0

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]
Balance at January 1, 2021	$ 5,201
Reversal	(3,460)	$ (23)
Balance at March 31, 2021	$ 1,741

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Property and Equipment	3 Months Ended
	Mar. 31, 2021
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	5 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	10 years
Museum Decoration and Renovation [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	5 years
Museum Decoration and Renovation [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	10 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Unrecognized Tax Benefits Roll Forward - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Schedule of Unrecognized Tax Benefits Roll Forward [Abstract]
Balance – January 1 and March 31	$ 935	$ 12,547

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of Earnings per Share, Basic and Diluted - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Schedule of Earnings per Share, Basic and Diluted [Abstract]
Net loss from continuing operations		$ (763,537)	$ (1,012,913)
Net loss from discontinued operations		0	(326,531)
Net loss		$ (763,537)	$ (1,339,444)
Weighted average shares outstanding – basic and diluted	[1]	5,598,678	5,572,196
Basic and Diluted		$ (0.14)	$ (0.18)
Basic and Diluted		0	(0.06)
Basic and Diluted		$ (0.14)	$ (0.24)
[1]	Including 36,307 and 41,307 shares that were granted and vested but not yet issued for the three months ended March 31, 2021 and 2020, respectively.

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rates	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Income Statement and Cash Flows Items [Member]
Balance sheet items, except for equity accounts
Exchange rates	1		1
Balance Sheet Items [Member]
Balance sheet items, except for equity accounts
Exchange rates	1	1
China, Yuan Renminbi | Income Statement and Cash Flows Items [Member]
Balance sheet items, except for equity accounts
Exchange rates	4.07		4.18
China, Yuan Renminbi | Balance Sheet Items [Member]
Balance sheet items, except for equity accounts
Exchange rates	4.15	4.02

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	Jan. 27, 2020	Jan. 07, 2020
Discontinued Operations and Disposal Groups [Abstract]
Proceeds from Sale of Buildings	$ 2,500	$ 2,500

Discontinued Operations (Deta_2

Discontinued Operations (Details) - Disposal Groups, Including Discontinued Operations - Discontinued Operations [Member]	12 Months Ended
	Dec. 31, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and equivalents	$ 1,462,200
Accounts receivable, net	969,841
Advance to suppliers, net	609,935
Accounts payable	(948)
Advance from customers	(126,916)
Accrued liabilities and other payables	(2,553)
Income tax payable	(85,028)
Net assets of Bright Swallow upon disposal	2,826,531
Cash received as of March 31, 2020	(2,500,000)
Loss on disposal of subsidiary	(326,531)
Sales	0
Cost of sales	0
Operating expenses	0
Other expense, net	0
Loss on disposal of subsidiary	(326,531)
(Loss) income before income taxes	(326,531)
Income tax (benefit) expense	0
(Loss) income from discontinued operations	$ (326,531)

Inventories (Details)

Inventories (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventory, Net	$ 32,940,465	$ 32,814,520	$ 32,814,520
Inventory Write-down	$ 0	$ 0

Plant, Property and Equipment_3

Plant, Property and Equipment, Net (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 17,751	$ 15,442
Depreciation and Amortization, Discontinued Operations	$ 0	$ 0

Plant, Property and Equipment_4

Plant, Property and Equipment, Net (Details) - Schedule of Property, Plant and Equipment - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (408,315)	$ (391,425)
Property, plant and equipment, net	426,247	453,518
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	396,041	396,302
Museum Decoration and Renovation [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 438,521	$ 448,641

Advances to Suppliers (Details)

Advances to Suppliers (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Disclosure Text Block Supplement [Abstract]
Prepaid Supplies	$ 351,088	$ 381,894

Intangible Assets, net (Details

Intangible Assets, net (Details)	Apr. 24, 2013USD ($)	Aug. 31, 2011USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Intangible Assets, net (Details) [Line Items]
Amortization of Intangible Assets				$ 0
Customer Relationships [Member]
Intangible Assets, net (Details) [Line Items]
Finite-Lived Intangible Assets, Gross			$ 50,000		$ 50,000
Trademarks [Member]
Intangible Assets, net (Details) [Line Items]
Finite-Lived Intangible Assets, Gross			200,000		$ 200,000
Computer Software, Intangible Asset [Member]
Intangible Assets, net (Details) [Line Items]
Amortization of Intangible Assets			0
Diamond Bar [Member] | Customer Relationships [Member]
Intangible Assets, net (Details) [Line Items]
Finite-Lived Intangible Assets, Gross		$ 50,000
Finite-Lived Intangible Assets, Amortization Method		straight-line method
Diamond Bar [Member] | Trademarks [Member]
Intangible Assets, net (Details) [Line Items]
Number of trademarks acquired		2
Payments to Acquire Intangible Assets		$ 200,000
Finite-Lived Intangible Assets, Amortization Method		straight-line method
Finite-Lived Intangible Asset, Useful Life		5 years
Bright Swallow International Group Limited [Member] | Customer Relationships [Member]
Intangible Assets, net (Details) [Line Items]
Finite-Lived Intangible Assets, Amortization Method	straight-line method
Finite-Lived Intangible Asset, Useful Life	15 years
Finite-lived Intangible Assets, Fair Value Disclosure	$ 6,100,559
Discontinued Operations [Member]
Intangible Assets, net (Details) [Line Items]
Amortization of Intangible Assets			$ 0	$ 0

Intangible Assets, net (Detai_2

Intangible Assets, net (Details) - Schedule of Finite-Lived Intangible Assets - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Less: accumulated amortization	$ (250,000)	$ (250,000)
Intangible assets, net	0	0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	50,000	50,000
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 200,000	$ 200,000

Prepaid Expenses and Other Re_3

Prepaid Expenses and Other Receivables (Details) - Schedule of Other Current Assets - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Schedule of Other Current Assets [Abstract]
Prepaid expenses	$ 99,425	$ 217,591
Other receivables	119,936	132,155
	$ 219,361	$ 349,746

Accrued Liabilities and Other_3

Accrued Liabilities and Other Payables (Details) - Schedule of Accrued Liabilitites - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Schedule of Accrued Liabilitites [Abstract]
Other payables	$ 8,890	$ 6,428
Salary payable	13,462	6,731
Financed insurance premiums	0	103,104
Accrued rents	10,429	14,899
Accrued marketing	0	30,000
Accrued commission	95,269	112,673
Accrued expenses, others	132,730	53,338
	$ 260,780	$ 327,173

Other Loans (Details)

Other Loans (Details) - USD ($)	Jun. 19, 2020	May 05, 2020	May 04, 2020	Mar. 31, 2021	Dec. 31, 2020
Other Loans (Details) [Line Items]
Proceeds from Bank Debt			$ 139,802
Debt Instrument, Description			The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. On June 5, 2020, Congress passed a new law that allowed current PPP borrowers can choose to extend the eight-week period to 24 weeks to use the funds, but cannot extended beyond December 31, 2020.
Debt Instrument, Interest Rate, Stated Percentage			1.00%
Loans Payable to Bank				$ 150,000	$ 150,000
Cathay Bank [Member]
Other Loans (Details) [Line Items]
Debt Instrument, Description		Funds from the Loan may only be used for payroll costs, costs used to continue group health care benefits, mortgage payments, rent, utilities, and interest on other debt obligations. The Company intends to use the entire Loan amount for qualifying expenses. Under the terms of the PPP, certain amounts of the Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act
Debt Instrument, Interest Rate, Stated Percentage		1.00%
Loans Payable to Bank		$ 176,294
SBA Loan [Member]
Other Loans (Details) [Line Items]
Debt Instrument, Description	payable monthly beginning 12 months from the date of the promissory note
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Loans Payable to Bank	$ 150,000
Interest Expense, Debt				$ 6,036

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jan. 04, 2020	Jan. 04, 2018	Sep. 30, 2011	Mar. 31, 2021	Mar. 31, 2020
Chief Executive Officer and Chairman of the Board [Member]
Related Party Transactions (Details) [Line Items]
Consulting Agreement, Term	2 years	2 years
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party				$ 99,918	$ 27,499
Diamond Bar [Member] | Building [Member] | President [Member]
Related Party Transactions (Details) [Line Items]
Related Party Transaction, Description of Transaction			Diamond Bar leased a showroom in High Point, North Carolina from the Company’s president who is currently also the Chief Executive Officer and Chairman of the Board.
Lessee, Operating Lease, Renewal Term			1 year
Operating Leases, Rent Expense, Minimum Rentals			$ 34,561

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)

Nov. 16, 2020

Nov. 10, 2020

Dec. 14, 2019

Nov. 16, 2019

Nov. 04, 2019

Aug. 12, 2019

Dec. 13, 2018

Nov. 16, 2018

Feb. 27, 2018

May 28, 2015

Mar. 31, 2021

Mar. 31, 2020

Dec. 31, 2017

Dec. 31, 2020

Jun. 04, 2019

Dec. 12, 2017

Stockholders' Equity (Details) [Line Items]

Stock Repurchase Program, Authorized Amount (in Dollars)

$ 2,000,000

$ 5,000,000

Stock Repurchased During Period, Shares (in Shares)

172,740

Stock Issued During Period, Value, Issued for Services (in Dollars)

$ 9,900

$ 12,750

Share Price (in Dollars per share)

$ 3.24

Common Stock, Par or Stated Value Per Share (in Dollars per share)

$ 0.001

$ 0.001

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)

0

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)

$ 0

Share-based Payment Arrangement, Noncash Expense (in Dollars)

$ 12,870

53,789

Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount (in Dollars)

32,057

Statutory Equity Reserves (in Dollars)

0

$ 6,241

Consulting Agreement #2 [Member]

Stockholders' Equity (Details) [Line Items]

Consulting Agreement, Term

1 year

Consulting Agreement #4 [Member]

Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services (in Shares)

20,000

Stock Issued During Period, Value, Issued for Services (in Dollars)

$ 51,000

Share Price (in Dollars per share)

$ 2.55

Share-based Payment Arrangement, Expense (in Dollars)

12,750

Consulting Agreement #4 [Member] | Share-based Payment Arrangement, Tranche One [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #4 [Member] | Share-based Payment Arrangement, Tranche Two [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #4 [Member] | Share-based Payment Arrangement, Tranche Three [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #4 [Member] | Share-based Compensation Award, Tranche Four [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #5 [Member]

Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Value, Issued for Services (in Dollars)

$ 39,600

Share Price (in Dollars per share)

$ 1.98

Share-based Payment Arrangement, Expense (in Dollars)

9,900

Consulting Agreement #5 [Member] | Share-based Payment Arrangement, Tranche One [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #5 [Member] | Share-based Payment Arrangement, Tranche Two [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #5 [Member] | Share-based Payment Arrangement, Tranche Three [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Consulting Agreement #5 [Member] | Share-based Compensation Award, Tranche Four [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Corporate Secretary [Member] | February 27, 2018 [Member]

Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares)

6,000

Corporate Secretary [Member] | December 14, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share Price (in Dollars per share)

$ 2.13

Share-based Payment Arrangement, Expense (in Dollars)

3,195

Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars)

$ 12,780

Corporate Secretary [Member] | November 10, 2020 [Member]

Stockholders' Equity (Details) [Line Items]

Share Price (in Dollars per share)

$ 1.98

Share-based Payment Arrangement, Expense (in Dollars)

$ 2,970

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)

1

Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars)

$ 11,880

$ 12,780

Corporate Secretary [Member] | December 13, 2018 [Member]

Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares)

6,000

Corporate Secretary [Member] | Share-based Payment Arrangement, Tranche One [Member] | December 14, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Corporate Secretary [Member] | Share-based Payment Arrangement, Tranche One [Member] | November 10, 2020 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

25 years

Corporate Secretary [Member] | Share-based Payment Arrangement, Tranche Two [Member] | December 14, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Corporate Secretary [Member] | Share-based Payment Arrangement, Tranche Two [Member] | November 10, 2020 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

25.00%

Corporate Secretary [Member] | Share-based Payment Arrangement, Tranche Three [Member] | December 14, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Corporate Secretary [Member] | Share-based Payment Arrangement, Tranche Three [Member] | November 10, 2020 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

25.00%

Corporate Secretary [Member] | Share-based Compensation Award, Tranche Four [Member] | December 14, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Corporate Secretary [Member] | Share-based Compensation Award, Tranche Four [Member] | November 10, 2020 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

25.00%

Monthly Award [Member] | Consulting Agreement #2 [Member]

Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services (in Shares)

20,000

Director [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | November 4, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Dividend Rate

0.00%

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)

60,000

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)

$ 2.80

Share Based Compensation, Options, Term

5 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

10 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate

87.00%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

1.60%

Option, Grant Date Fair Value (in Dollars)

$ 114,740

Share-based Payment Arrangement, Noncash Expense (in Dollars)

28,685

Director [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Share-based Payment Arrangement, Tranche One [Member] | November 4, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Director [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Share-based Payment Arrangement, Tranche Two [Member] | November 4, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Director [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Share-based Payment Arrangement, Tranche Three [Member] | November 4, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Director [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Share-based Compensation Award, Tranche Four [Member] | November 4, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Chief Financial Officer [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | August 12, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Payment Arrangement, Expense (in Dollars)

$ 9,159

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)

7,000

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)

$ 3.85

Share Based Compensation, Options, Term

5 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

10 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate

87.00%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

1.49%

Option, Grant Date Fair Value (in Dollars)

$ 18,318

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

0.00%

Chief Financial Officer [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Share-based Payment Arrangement, Tranche One [Member] | August 12, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

50.00%

Chief Financial Officer [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Share-based Payment Arrangement, Tranche Two [Member] | August 12, 2019 [Member]

Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

50.00%

Private Placement [Member]

Stockholders' Equity (Details) [Line Items]

Private Placement Number of Shares Authorized (in Shares)

594,102

Common Stock, Par or Stated Value Per Share (in Dollars per share)

$ 0.001

Stock Issued During Period, Shares, New Issues (in Shares)

400,000

Shares Issued, Price Per Share (in Dollars per share)

$ 10

Proceeds from Issuance or Sale of Equity (in Dollars)

$ 4,000,002

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

$ 13.55

Warrants, Term

5 years

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Term

5 years

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Volatility Rate

107.00%

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Risk Free Interest Rate

1.55%

Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Dividend Rate

0.00%

Warrants, Fair Value of Warrants, Granted (in Dollars)

$ 3,147,530

Private Placement [Member] | Series A Warrants [Member]

Stockholders' Equity (Details) [Line Items]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)

132,006

Private Placement [Member] | Series C Warrants [Member]

Stockholders' Equity (Details) [Line Items]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)

62,096

Nova Macao [Member]

Stockholders' Equity (Details) [Line Items]

Statutory reserve, after-tax income percentage

10.00%

Nova Dongguan [Member]

Stockholders' Equity (Details) [Line Items]

Statutory reserve, percentage of registered capital

50.00%

Nova Dongguan [Member] | Minimum [Member]

Stockholders' Equity (Details) [Line Items]

Common welfare fund, voluntary contribution

5%

Nova Dongguan [Member] | Maximum [Member]

Stockholders' Equity (Details) [Line Items]

Common welfare fund, voluntary contribution

10%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Share-based Compensation, Stock Options, Activity - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2021	Dec. 31, 2020
Share-based Compensation, Stock Options, Activity [Abstract]
Number of Shares, Outstanding			340,500
Average Exercise Price per Share, Outstanding			$ 5.97
Aggregate Intrinsic Value, Outstanding			$ 0
Weighted Average Remaining Contractual Term in Years, Outstanding		2 years 29 days	2 years 120 days
Number of Shares, Exercisable			340,500
Average Exercise Price per Share, Exercisable			$ 5.97
Aggregate Intrinsic Value, Exercisable			$ 0
Weighted Average Remaining Contractual Term in Years, Exercisable		2 years 29 days	2 years 120 days
Number of Shares, Granted		0
Average Exercise Price per Share, Granted		$ 0
Number of Shares, Exercised		0
Average Exercise Price per Share, Exercised		$ 0
Number of Shares, Forfeited		0
Average Exercise Price per Share, Forfeited		$ 0
Number of Shares, Outstanding		340,500
Average Exercise Price per Share, Outstanding		$ 5.97
Aggregate Intrinsic Value, Outstanding	[1]	$ 0
Number of Shares, Exercisable		340,500
Average Exercise Price per Share, Exercisable		$ 5.97
Aggregate Intrinsic Value, Exercisable	[1]	$ 0
[1]	The intrinsic value of the stock options at March 31, 2021 is the amount by which the market value of the Company’s common stock of $3.24 as of March 31, 2021 exceeds the exercise price of the option.

Geographical Analysis (Details)

Geographical Analysis (Details) - Schedule of Sales by Geographic Region - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Geographical Areas
Sales		$ 3,331,567	$ 2,203,220
North America [Member]
Geographical Areas
Sales		3,006,431	2,184,856
Asia [Member]
Geographical Areas
Sales	[1]	178,282	0
Other Countries [Member]
Geographical Areas
Sales		$ 146,854	$ 18,364
[1]	excluding China

Geographical Analysis (Detail_2

Geographical Analysis (Details) - Long-lived Assets by Geographic Areas - USD ($)		Mar. 31, 2021	Mar. 31, 2020
Geographical Analysis (Details) - Long-lived Assets by Geographic Areas [Line Items]
Assets		$ 2,546,904	$ 2,773,260
North America [Member]
Geographical Analysis (Details) - Long-lived Assets by Geographic Areas [Line Items]
Assets		2,087,621	2,236,709
Asia [Member]
Geographical Analysis (Details) - Long-lived Assets by Geographic Areas [Line Items]
Assets	[1]	$ 459,283	$ 536,551
[1]	excluding China

Lease (Details)

Lease (Details)	Aug. 20, 2020USD ($)	Aug. 20, 2020MYR (RM)	Aug. 01, 2020USD ($)	Aug. 01, 2020MYR (RM)	Oct. 29, 2019USD ($)	Oct. 29, 2019MYR (RM)	Jul. 15, 2019USD ($)	Jul. 15, 2019MYR (RM)	Jan. 07, 2014	Jun. 17, 2013USD ($)	Apr. 23, 2018
Lease (Details) [Line Items]
Description of Lessor Leasing Arrangements, Operating Leases									the Company entered into a lease agreement for office, warehouse, storage, and distribution space in the U.S. with a five year term, commencing on November 1, 2013 and expiring on October 31, 2018.
Diamond Bar [Member] | Land, Buildings and Improvements [Member]
Lease (Details) [Line Items]
Lessee, Operating Lease, Term of Contract										5 years	36 months
Lessee, Operating Lease, Renewal Term										6 years
Operating Leases, Rent Expense, Minimum Rentals										$ 42,000
Operating lease, annual rent expense increase										3.00%
Nova Malaysia [Member] | Land, Buildings and Improvements [Member]
Lease (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	2 years	2 years
Operating Leases, Rent Expense, Minimum Rentals	$ 7,377	RM 30,000	$ 8,607	RM 35,000	$ 2,282	RM 9,280	$ 4,918	RM 20,000

Lease (Details) - Schedule of L

Lease (Details) - Schedule of Lease Cost - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lease (Details) - Schedule of Lease Cost [Line Items]
Operating lease cost	$ 200,794	$ 176,252
Total lease expense	$ 200,794	$ 176,252
UNITED STATES
Lease (Details) - Schedule of Lease Cost [Line Items]
Weighted-average remaining lease term - years	3 years 215 days
Weighted-average discount rate (%)	5.00%
MALAYSIA
Lease (Details) - Schedule of Lease Cost [Line Items]
Weighted-average remaining lease term - years	1 year 40 days
Weighted-average discount rate (%)	2.88%

Lease (Details) - Schedule of F

Lease (Details) - Schedule of Future Minimum Rental Payments for Operating Leases	Mar. 31, 2021USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
2022	$ 757,699
2023	682,621
2024	665,826
2025	338,667
Thereafter	0
Total undiscounted cash flows	2,444,813
Less: imputed interest	(197,823)
Present value of lease liabilities	$ 2,246,990

Commitments and Contingencies (

Commitments and Contingencies (Details)	Dec. 28, 2018
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Allegations	On December 28, 2018, a federal putative class action complaint was filed by George Barney against the Company and its former and current CEOs and CFOs (Thanh H. Lam, Ya Ming Wong, Jeffery Chuang and Yuen Ching Ho) in the United States District Court for the Central District of California, claiming the Company violated federal securities laws and pursuing remedies under Sections 10(b) and 20(a) of the Security Exchange Act of 1934 and Rule 10b-5 (the “Barney Action”). Richard Deutner and ITENT EDV were subsequently substituted as plaintiffs and, on June 18, 2019, they filed an Amended Complaint. In an Amended Complaint, plaintiffs seek to represent a class of entities involved in any transaction in Nova’s stock from December 3, 2015 through December 20, 2018. They claim that during this period the Company: (1) overstated its purported strategic alliance with a customer in China to operate as lead designer and manufacturer for all furnishings in its planned $460 million senior care center in China; and (2) inflated its reported sales in 2016 and 2017 with two major customers. Plaintiffs claim that the falsity of these representations was exposed in a blog posted on the Seeking Alpha website in which it was claimed that an investigation failed to confirm the existence of several entities identified as significant customers. Plaintiffs, however, have offered no evidence of falsity other than the Seeking Alpha blog. Nova denies that there were any misstatements made in its public disclosures. It also, inter alia, challenges plaintiffs’ ability to establish loss causation and damages. By Order entered December 2, 2019, the Court denied a Motion to Dismiss the Amended Complaint Nova, Ms. Lam and Mr. Chuang filed (the “Nova Defendants”) The Nova Defendants accordingly answered the Amended Complaint. The Court entered a scheduling order setting a final pretrial conference for July 20, 2020 that has now been extended until an unspecified date in August, 2021. On April 9, 2021, plaintiffs filed a Motion to Certify a Class. A hearing on this Motion has been set for July 12, 2021. Independent of the litigation, the Audit Committee engaged the Company’s independent auditor to perform special procedures to confirm the sales challenged in the Barney action. Those procedures included, but were not limited to, the examination and testing of relevant documentation relating to the sales made by the Company to the customers identified in the Seeking Alpha blog and 100% sampling of all transactions between the Company and the subject customers. The auditor finished its special procedures in March 2019 and reported to the Audit Committee that no evidence of fictitious sales or of fictitious customers was discovered regarding the customers mentioned in the Seeking Alpha blog,. Please see the details in the Form 8-K filed by the Company with SEC on March 29, 2019.