Sino Agro Food (SIAF) 10-K 10 Feb 21 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 03, 2019
Document And Entity Information
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	Sino Agro Food, Inc.
Entity Central Index Key	0001488419
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 3,497,453
Trading Symbol	SIAF
Title of 12(g) Security	Common Stock, $0.001 par value per share
Entity Common Stock, Shares Outstanding		59,963,607
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 185,895	$ 4,950,799
Inventories	0	54,582,241
Costs and estimated earnings in excess of billings on uncompleted contracts	250,828	250,828
Deposits and prepayments	30,130,940	52,241,190
Accounts receivable, net of allowance for doubtful accounts	98,528,589	101,652,131
Other receivables	95,565,377	28,307,526
Total current assets	224,661,629	241,984,715
Non-current assets
Plant and equipment, net of accumulated depreciation	103,064,238	230,645,659
Construction in progress	0	12,515,527
Land use rights, net of accumulated amortization	51,032,928	53,814,281
Total non-current assets	154,097,166	296,975,467
Other assets
Goodwill	724,940	724,940
Proprietary technologies, net of accumulated amortization	7,067,753	8,937,071
Interest in unconsolidated investees	249,344,711	207,074,626
Temporary deposits paid to entities for investments in Sino joint venture companies	17,507,626	34,905,960
Total other assets	274,645,030	251,642,597
Total assets	653,403,825	790,602,779
Current liabilities
Accounts payable and accrued expenses	2,590,637	8,280,358
Billings in excess of costs and estimated earnings on uncompleted contracts	5,386,711	5,348,293
Due to a director	1,165,621	2,046,499
Other payables	35,362,580	42,523,811
Borrowings - Short term bank loan	0	4,589,828
Derivative liability		2,100
Convertible note payable	0	3,894,978
Liabilities, Current	44,505,549	66,685,867
Non-current liabilities
Other payables	7,151,762	7,792,774
Borrowings - Long term debts and bank loan		5,536,938
Liabilities, Noncurrent	7,151,762	13,329,712
Commitments and contingencies
Stockholders' equity
Common stock: $0.001 par value (50,000,000 shares authorized, 51,576,085 and 49,866,174 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively)	51,576	49,866
Additional paid - in capital	133,575,810	181,501,056
Retained earnings	448,469,577	458,811,844
Accumulated other comprehensive income		(10,415,786)
Treasury stock	(1,250,000)	(1,250,000)
Total Sino Agro Food, Inc. and subsidiaries stockholders' equity	521,835,194	628,696,980
Non - controlling interest	79,911,320	81,890,220
Total stockholders' equity	601,746,514	710,587,200
Total liabilities and stockholders' equity	$ 653,403,825	$ 790,602,779

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	51,576,085	49,866,174
Common stock, shares outstanding	51,576,085	49,866,174

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue
Revenue	$ 135,598,314	$ 141,670,563
Gross profit	20,606,336	21,651,807
General and administrative expenses	(13,451,761)	(15,595,032)
Net income from operations	7,154,575	6,056,775
Other income (expenses)
Government grant	739,283	649,095
Share of income from unconsolidated equity investee	7,537,498	14,251,264
Impairment losses	(3,834,658)
Other income		56,672
Non-operating expenses	(22,598,607)	(4,609,253)
Interest expense	(403,668)	(600,519)
Net income (expenses)	(18,560,152)	9,747,259
Net income before income taxes	(11,405,577)	15,804,034
Provision for income taxes	0	0
Net income	(11,405,577)	15,804,034
Less: Net (income) loss attributable to non - controlling interest	1,063,310	1,519,303
Net income attributable to Sino Agro Food Inc. and subsidiaries	(10,342,267)	17,323,337
Other comprehensive income (loss) - Foreign currency translation gain (loss)		(14,555,377)
Comprehensive income	(6,925,886)	2,767,960
Less: Other comprehensive (income) loss attributable to non - controlling interest	915,590	1,793,417
Comprehensive income attributable to the Sino Agro Food, Inc. and subsidiaries	$ (6,010,296)	$ 4,561,377
Earnings per share attributable to the Sino Agro Food, Inc. and subsidiaries common stockholders:
Basic	$ (0.21)	$ 0.46
Diluted	$ (0.21)	$ 0.46
Weighted average number of shares outstanding:
Basic	49,963,607	37,336,164
Diluted	49,963,607	37,336,164
Product [Member]
Revenue
Revenue	$ 133,879,067	$ 130,543,170
Cost of goods and services sold	(113,401,961)	(110,967,348)
Service [Member]
Revenue
Revenue	1,719,247	11,127,393
Cost of goods and services sold	$ (1,590,017)	$ (9,051,408)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Series F Preferred Stock [Member]	Total
Balance at Dec. 31, 2017	$ 29,363	$ (1,250,000)	$ 169,743,640	$ 441,488,507	$ 2,346,174	$ 85,202,940	$ 0	$ 0	$ 0	$ 697,560,624
Balance (in shares) at Dec. 31, 2017	29,362,875	(101,010)					100	0	0
Issue of common stock - Employees' and professional compensation	$ 16,568	$ 0	10,283,322	0	0	0	$ 0	$ 0	$ 0	10,299,890
Issue of common stock - Employees' and professional compensation (in shares)	16,567,860	0					0	0	0
Issue of common stock - As security for finance raised	$ 3,935	$ 0	1,474,094	0	0	0	$ 0	$ 0	$ 0	1,478,029
Issue of common stock - As security for finance raised (in shares)	3,935,439	0					0	0	0
Deemed disposal of subsidiaries	$ 0						$ 0	$ 0	$ 0
Net income for the year	0	$ 0	0	17,323,337	0	(1,519,303)	0	0	0	15,804,034
Foreign currency translation difference	0	0	0	0	(12,761,960)	(1,793,417)	0	0	0	(14,555,377)
Balance at Dec. 31, 2018	$ 49,866	$ (1,250,000)	181,501,056	458,811,844	(10,415,786)	81,890,220	$ 0	$ 0	$ 0	710,587,200
Balance (in shares) at Dec. 31, 2018	49,866,174	(101,010)					100	0	0
Issue of common stock - Employees' and professional compensation	$ 0	$ 0	505,283	0	0	0	$ 0	$ 0	$ 0	506,993
Issue of common stock - Employees' and professional compensation (in shares)	0	0					0	0	0
Issue of common stock - As security for finance raised	$ 0	$ 0	0	0	0	0	$ 0	$ 0	$ 0	0
Issue of common stock - As security for finance raised (in shares)	0	0					0	0	0
Issue of common stock - Adjustment in Triway		$ 0	(48,430,529)	0	0	0				(48,430,529)
Issue of common stock - Adjustment in Triway (in shares)		0
Redemption of debts	$ 1,710						$ 0	$ 0	$ 0
Redemption of debts (in shares)	1,709,911						0	0	0
Net income for the year		$ 0	0	(10,342,267)	0	(1,063,310)				(11,405,577)
Foreign currency translation difference	$ 0	0	0	0	(48,595,983)	(915,590)	$ 0	$ 0	$ 0
Balance at Dec. 31, 2019	$ 51,576	$ (1,250,000)	$ 133,575,810	$ 448,469,577	$ (59,011,769)	$ 79,911,320	$ 0	$ 0	$ 0	$ 601,746,514
Balance (in shares) at Dec. 31, 2019	51,576,085	(101,010)					100	0	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income (loss) for the year	$ (11,405,577)	$ 15,804,034
Adjustments to reconcile net income for the year to net cash from operations:
Depreciation	5,272,630	13,080,991
Amortization	2,038,612	2,270,012
Gain on deemed disposal of subsidiaries	0	0
Loss on disposal from a variable interest entity	0	0
Share based compensation cost	643,457	2,308,869
Other amortized cost arising from convertible notes and others	0	0
Impairment on long outstanding receivables and prepayments	0	0
Impairment on interests in unconsolidated investees	0	0
Change in fair value of a derivative liability	0	0
Bad debts written off	0	0
Gain on disposal	0	0
Loss on restructuring	0	0
Share of unconsolidated equity investee	(7,537,498)	(14,251,264)
Changes in operating assets and liabilities:
Decrease in inventories	54,582,241	(1,953,294)
(Increase) decrease in cost and estimated earnings in excess of billings on uncompleted contacts	0	998,359
Increase in deposits and prepaid expenses	22,110,250	15,429,559
(Decrease) increase in due to a director	(883,135)	1,939,425
Increase/(decrease) in accounts payable and accrued expenses	(5,689,721)	5,203,787
Increase in other payables	(7,161,231)	6,577,152
Decrease (increase) in accounts receivable	3,123,542	(18,680,713)
(Decrease) increase in tax payable	0	0
Increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts	38,418	(391,772)
Decrease in other receivables	(67,257,850)	(7,627,048)
Increase in interests in unconsolidated investees	18,912,494	(532,821)
Net cash provided by operating activities	67,866,320	20,175,276
Cash flows from investing activities
Acquisition of plant, property and equipment	(351,204)	(7,072,692)
Payment for construction in progress	(11,155,410)	(6,755,327)
Proceed from disposal of a long term investee	0	0
Proceed from disposal of plant, property and equipment	0	0
Net cash used in investing activities	(11,506,614)	(13,828,019)
Cash flows from financing activities
Proceeds from convertible bond payable	0	0
Capital contribution from non-controlEng interest	0	0
Proceeds from short term debts	0	4,533,777
Long term debts repaid	(73,741)	(75,563)
Short term bank loan repaid	0	(4,533,777)
Net cash provided by financing activities	(73,741)	(75,563)
Effects on exchange rate changes on cash	28,819	(1,880,938)
(Decrease)/increase in cash and cash equivalents	(4,764,904)	4,390,756
Cash and cash equivalents, beginning of year	4,950,799	560,043
Cash and cash equivalents, end of year	185,895	4,950,799
Supplementary disclosures of cash flow information:
Cash paid for interest	388,306	561,176
Cash paid for income taxes	0	0
Non - cash transactions
Common stock issued as security for finance raised	0	1,478,029
Common stock issued for services and compensation	32,973	10,299,890
Transfer construction in progress to property and equipment	$ 12,885,923	$ 0

CORPORATE INFORMATION

CORPORATE INFORMATION	12 Months Ended
	Dec. 31, 2019
CORPORATE INFORMATION
CORPORATE INFORMATION	1. CORPORATE INFORMATION Sino Agro Food, Inc. (the “ Company ” or “ SIAF ”) (formerly known as Volcanic Gold, Inc. and A Power Agro Agriculture Development, Inc.) was incorporated on October 1, 1974 in the State of Nevada, United States of America. The Company was engaged in the mining and exploration business but ceased its mining and exploring business on October 14, 2005. On August 24, 2007, the Company entered into a Merger and Acquisition Agreement with Capital Award Inc., a Belize corporation (“ CA ”) and its subsidiaries Capital Stage Inc. (“ CS ”) and Capital Hero Inc. (“ CH ”). Effective the same date, CA completed a reverse merger transaction with SIAF. SIAF acquired all the outstanding common stock of CA from Capital Adventure, a shareholder of CA, for 3,232,323 shares of the Company’s common stock. On August 24, 2007 the Company changed its name from Volcanic Gold, Inc. to A Power Agro Agriculture Development, Inc. On December 8, 2007, the Company changed its name to Sino Agro Food, Inc. On September 5, 2007, the Company acquired three existing businesses in the People’s Republic of China (the “ P.R.C. ”): (a) Hang Yu Tai Investment Limited (“ HYT ”), a company incorporated in Macau, the owner of 78% equity interest in ZhongXingNongMu Ltd (“ ZX ”), a company incorporated in the P.R.C.; (b) Tri-Way Industries Limited (“ TRW ”), a company incorporated in Hong Kong; and (c) Macau Eiji Company Limited (“ MEIJI ”), a company incorporated in Macau, the owner of 75% equity interest in Enping City Juntang Town Hang Sing Tai Agriculture Co. Ltd. (“ HST ”), a P.R.C. corporate Sino-Foreign joint venture. HST was dissolved in 2010. On November 27, 2007, MEIJI and HST established a corporate Sino - Foreign joint venture, Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd. (“ JHST ”), a company incorporated in the P.R.C. with MEIJI owning a 75% interest and HST owning a 25% interest. On November 26, 2008, SIAF established Pretty Mountain Holdings Limited (“ PMH ”), a company incorporated in Hong Kong with an 80% equity interest. On May 25, 2009, PMH formed a corporate Sino-Foreign joint venture, Qinghai Sanjiang A Power Agriculture Co. Ltd. (“ SJAP ”), incorporated in the P.R.C., of which PMH owns a 45% equity interest. At the time, the remaining 55% equity interest in SJAP was owned by the following entities: · Qinghai Province Sanjiang Group Company Limited (English translation) (“ Qinghai Sanjiang ”), a company incorporated in the P.R.C with major business activities in the agriculture industry; and · Guangzhou City Garwor Company Limited (English translation) (“ Garwor ”), a company incorporated in the P.R.C., specializing in sales and marketing. SJAP is engaged in the business of manufacturing bio-organic fertilizer, livestock feed and development of other agriculture projects in the County of Huangyuan, in the vicinity of the Xining City, Qinghai Province, P.R.C. In September 2009, the Company carried out an internal reorganization of its corporate structure and business, and formed a 100% owned subsidiary, A Power Agro Agriculture Development (Macau) Limited (“ APWAM ”), which was formed in Macau. APWAM then acquired PMH’s 45% equity interest in SJAP. By virtue of the acquisition, APWAM assumed all obligations and liabilities of PMH under the Sino Foreign Joint Venture Agreement. On May 7, 2010, Qinghai Sanjiang sold and transferred its equity interest in SJAP to Garwor. The State Administration for Industry and Commerce of Xining City Government of the PRC approved the sale and transfer. As a result, APWAM owned 45% of SJAP and Garwor owned the remaining 55%. On September 9, 2010, an application was submitted by the Company to the Companies Registry of Hong Kong for deregistration of PMH under Section 291AA of the Hong Kong Companies Ordinance. On January 28, 2011, PMH was dissolved On March 23, 2018, Qinghai Quanwang Investment Management Company Limited (“ Quanwang ”) acquired 8.3% equity interest in SJAP for total cash consideration of $459,137. As of December 31, 2019, APWAM owned 41.25% of SJAP, Garwor owned 50.45% and Quanwang owned the remaining 8.3%. On February 15, 2011 and March 29, 2011, the Company entered into an agreement and a memorandum of understanding (an “ MOU ”), respectively, to sell 100% equity interest in HYT group (including HYT and ZX) to Mr. Xin Ming Sun, a director of ZhongXingNong Nu Co., Ltd for $45,000,000, with effective date of January 1, 2011. On February 28, 2011, the Company applied to form Enping City Bi Tao A Power Prawn Culture Development Co Limited (“ EBAPCD ”) , and the Company would indirectly own a 25% equity interest in future Sino Joint Venture Company (pending approval). On February 28, 2011, TRW applied to form a corporate joint venture, Enping City Bi Tao A Power Fishery Development Co., Limited (“ EBAPFD ”), incorporated in the PRC. TRW owned a 25% equity interest in EBAPFD. On November 17, 2011, TRW formed Jiang Men City A Power Fishery Development Co., Limited (“ JFD ”) in which it acquired a 25% equity interest, while withdrawing its 25% equity interest in EBAPFD. As of December 31, 2011, the Company had invested for total cash consideration of $1,258,607 in JFD. JFD operates an indoor fish farm. On January 1, 2012, the Company acquired an additional 25% equity interest in JFD for total cash consideration of $1,662,365. As of January 1, 2012, the Company had consolidated the assets and operations of JFD. On April 1, 2012, the Company acquired an additional 25% equity interest in JFD for the total cash consideration of $1,702,580. These acquisitions were at our option according the terms of the original development agreement. The Company owned a 75% equity interest in JFD, representing majority of voting rights and controls its board of directors. On August 15, 2016, the acquisition agreement was executed by TRW for acquiring the other 25% equity in JFD which was a Sino Foreign Joint Venture Co. that TRW had 100% equity interest with effect on October 5, 2016. Upon the acquisitions of 3 additional prawn farms assets at fair value of $238.32 million from respective third parties and the master technology license at fair value of $30 million from Capital Award, Inc. by JFD, and the consideration of the above acquisitions were planned to be settled by the new issue shares of 99,990,000 TRW shares at $3.41 amounting to $340.53 million on or before March 31, 2018. As a result, SIAF’s equity interest in TRW was diluted from 100% to 23.89% with effective on October 5, 2016. The above transactions leaded the Company loss of control over TRW group, the Company’s investments in TRW and JFD were reclassified from a subsidiary to investments in unconsolidated equity investees as of October 5, 2016. The dilution of the Company’s investments in TRW group constituted a deemed disposal of the subsidiaries. The deemed gain on disposal of $56,947,005 was recorded in net income from discontinued operations of the consolidated statements of income and other comprehensive income of the Company for the year ended 31 December 2016. On October 1, 2016, the Company took up all assets and all liabilities of TRW and JFD except plant and equipment - fish farm. The Company converted the amount due from unconsolidated equity investee into equity interest during the fourth quarter of 2018, which resulted in equity interest in TRW from 23.89% to 36.60% On April 15, 2011, MEIJI applied to form Enping City A Power Cattle Farm Co., Limited (“ ECF ”), all of which the Company would indirectly own a 25% equity interest on November 17, 2011. On January 1, 2012, the Company had invested $1,076,489 in ECF and the amount was settled in contra against accounts receivable due from ECF. On September 17, 2012 MEIJI formed Jiang Men City Hang Mei Cattle Farm Development Co., Limited (“ JHMC ”) and acquired additional 50% equity interest for the total cash consideration of $2,944,176 on September 30, 2012 while withdrawing its 25% equity interest in ECF. This acquisition was at our option according to the terms of the original development agreement. The Company presently owns 75% equity interest in JHMC, representing majority of voting right and controls its board of directors. As of September 30, 2012, the Company had consolidated the assets and operations of JHMC. As of December 31, 2018, MEIJI total investment in JHMC was $4,385,101. On July 18, 2011, the Company formed Hunan Shenghua A Power Agriculture Co., Limited (“ HSA ”), in which the Company owns a 26% equity interest, and SJAP owns a 50% equity interest with the Chinese partner owning the remaining 24%. On April 5, 2018, SJAP transfer all of its equity interest to MEIJI. As of December 31, 2018, MEIJI total investment in HSA was $1,651,774. On November 12, 2013, the Company acquired a shell company, Goldcup9203 AB, incorporated in Sweden, in which the Company owns a 100% equity interest. Goldcup 9203 AB changed its name to Sino Agro Food Sweden AB (publ) (“ SAFS ”). During the year ended December 31, 2016, SAFS changed to a private company. As of December 31, 2018, the Company invested $77,664 in SAFS. The Company delisted from Merkur Market on 10 th September 2019, and subsequently by 31 st December 2019 SAFS was dissolved. SJAP formed Qinghai Zhong He Meat Products Co., Limited (“QZH”) , with SJAP would owning 100% equity interest. SJAP formed Qinghai Zhong He Meat Products Co., Limited (“QZH”), with SJAP would owning 100% equity interest. On October 25, 2015, both QZH and new stockholder, Qinghai Quanwang Investment Management Co., Ltd (“QQI”) contributed additional capital of $4,157,682 and $769,941, respectively. As a result, SJAP decreased its equity interest from 100% to 85% and QQI owned a 14% equity interest. In addition, according to investment agreement between QZH and QQI, (i) QQI only enjoy interest 6% annually on its capital contribution and did not enjoy profit distribution; (ii) investment period was 3 years only, and (iii) SJAP shared 100% on profit or loss after deduction 6% interest to QQI and enjoyed 100% voting rights of QZH’s board and stockholders meetings. SJAP disposed its 85% equity interest in QZH for RMB2 (equivalent to $0) for cash and completed on December 30, 2018. As a result, QZH was derecognized as variable interest entity of the company. On September 30th 2019, Mr. Solomon Lee resigned as the Chairman of SJAP resulting in categorization of SJAP as an Investor in Associate from a subsidiary status. Up until September 30th 2019, revenues have been generated from activities that the Company divided into five stand-alone business divisions or units: (1) Fishery development (in consulting and services), (2) Cattle & Beef (fully integrated activity), (3) Organic Fertilizer, (4) HU Plantation, and (5) Marketing and Trading. The fully integrated Cattle and Beef business was gradually being scaled down from year 2016 onward after the China Government relaxed its importation policies to allow many countries (i.e. Australia, NZ, Countries of South America and Canada etc.) to import beef into China affecting its domestic cattle rearing and beef industry. SJAP lost in excessive of US$30 million by year ended December 31st 2017 and by June 30th 2019, it reduced its large fully integrated activity into a small operation keeping and maintaining the production of fertilizer at less than 8,000 MT per year comparing to over 35,000 MT per year in 2015 and the production of concentrated live-stock feed at less than 3000 MT per year compares to over 15,000 MT in 2016 and fattening less than 1500 heads of live cattle at its own farm compares to 2015's around 25,000 heads of live cattle reared and fattening by 20 corporative farms that consisted over 2,000 individual farmers collectively. From 1st October 2019 onward, SJAP contracted the said small maintaining operation to its existing management. The Company currently maintains operations of its services in engineering consulting and specializing in the development of agriculture and aquaculture projects whereas operations of its HU Plantation, Asian "Yellow cattle" demonstration farm, and HSA's manufacturing of fertilizer were contracted out to their respective farm's management since 30th September 2019. The Company is now the investor in two Associates originated from subsidiary status namely SJAP and Tri-way; whereas Tri-way is in the aquaculture segment contracting out it's aqua-farms' operations (inclusive Aqua-farm 1, 2 and 3 & b) to respective farm's managements and JFD, it's fully owned subsidiary in China, has the sole right to market and distribute the said Aqua-farms' productions by buying from and selling all fishery productions of the said contracted aqua-farms. Operation of Aqua-farm 4 and 5 of the Zhongshen Mega Farm Development ceased since September 30th 2019 failing the Company's original ambition to become one of the biggest prawn producers in the world by year end of 2024. Therefore from 1st October 2019 onward, Revenues of the Company are generated from (i). Incomes derived from CA's Engineering Consulting and services, (ii). Incomes derived from the contractual agreements of JHST, MEIJI and HSA, (iii). CA's (or the Corporate) marketing and Trading business and (iv). Incomes generated from its investments in SJAP and Tri-way. The Company’s principal executive office is located at Room 3801, Block A, China Shine Plaza, No. 9 Lin He Xi Road, Tianhe District, Guangzhou City, Guangdong Province, P.R.C., 510610. The nature of the operations and principal activities of the Company and its subsidiaries are described in Note 2.2.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 2. 1 FISCAL YEAR The Company has adopted December 31 as its fiscal year end. 2. 2 REPORTING ENTITIES Name of subsidiaries Place of incorporation Percentage of interest* Principal activities Capital Award Inc. (“CA”) Belize 100% (2019: 100%) directly Fishery development and holder of A-Power Technology master license. Capital Hero Inc. (“CS”) Belize 100% (2019: 100%) indirectly Dormant Capital HeroInc. (“CH”)Capital Stage Inc. (CH) Belize 100% (2019: 100%) indirectly Dormant Capital Stage Inc.(CS) Macau Eiji Company Limited (“MEIJI”) Macau, P.R.C. 100% (2019: 100%) directly Investment holding, cattle farm development, beef cattle and beef trading Sino Agro Food Sweden AB (“SAFS”). Sweden 100% (2019: 100%) directly Dormant: Dissolved 31 st December A Power Agro Agriculture Development (Macau) Limited (“APWAM”) Macau, P.R.C. 100% (2019: 100%) directly Investment holding Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd (“JHST”) P.R.C. 75% (2019: 75%) Indirectly HylocereusUndatus Plantation (“HU Plantation”). Jiang Men City Hang Mei Cattle Farm Development Co., Limited (“JHMC”) P.R.C. 75% (2019:75%) indirectly Beef cattle cultivation Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) P.R.C. 76% (2019:76%) indirectly Manufacturing of organic fertilizer, livestock feed, and beef cattle and sheep cultivation, and plantation of crops and pastures Name of associate (investee) Place of incorporation Percentage of interest* Principal activities Qinghai Sanjiang A Power Agriculture Co., Ltd (“SJAP”) P.R.C. 41.25% (2019: 41.25)% indirectly Manufacturing of organic fertilizer, livestock feed, and beef cattle Tri-way Industries Limited Hong Kong, P.R.C. 36.6% (2019: 36.6)% directly A-Power Technology license (P.R.C.) Sales and marketing of fishery production & products. 2. 3 BASIS OF PRESENTATION The consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“ US GAAP ”). 2. 4 BASIS OF CONSOLIDATION The consolidated financial statements include the financial statements of the Company, its subsidiaries CA, CS, CH, MEIJI, JHST, JHMC, HSA, APWAM, SAFS and its variable interest entity SJAP. All material inter-company transactions and balances have been eliminated in consolidation. SIAF, CA, CS, CH, MEIJI, JHST, JHMC, HSA, APWAM, SAFS, and SJAP are hereafter referred to as (the “Company”). 2. 5 BUSINESS COMBINATION The Company adopted the accounting pronouncements relating to business combination (primarily contained in ASC Topic 805 “Business Combinations”), including assets acquired and liabilities assumed on arising from contingencies. These pronouncements established principles and requirement for how the acquirer of a business recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquisition as well as provides guidance for recognizing and measuring the goodwill acquired in the business combination and determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. In addition, these pronouncements eliminate the distinction between contractual and non-contractual contingencies, including the initial recognition and measurement criteria and require an acquirer to develop a systematic and rational basis for subsequently measuring and accounting for acquired contingencies depending on their nature. The Company’s adoption of these pronouncements will have an impact on the manner in which it accounts for any future acquisitions. 2. 6 NON - CONTROLLING INTEREST IN CONSOLIDATED FINANCIAL STATEMENTS The Company adopted the accounting pronouncement on non-controlling interests in consolidated financial statements, which establishes accounting and reporting standards for the non-controlling interest in a subsidiary and for the deconsolidation of a subsidiary. This guidance is primarily contained in ASC Topic “Consolidation.” It clarifies that a non-controlling interest in a subsidiary is an ownership interest in the consolidated financial statements. The adoption of this standard has not had material impact on the Company’s consolidated financial statements. 2. 7 USE OF ESTIMATES The preparation of consolidated financial statements in conformity with US GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods covered thereby. Actual results could differ from these estimates. Judgments and estimates of uncertainties are required in applying the Company’s accounting policies in certain areas. The following are some of the areas requiring significant judgments and estimates: determinations of the useful lives of assets, estimates of allowances for doubtful accounts, cash flow and valuation assumptions in performing asset impairment tests of long-lived assets, estimates of the realization of deferred tax assets and inventory reserves. 2. 8 REVENUE RECOGNITION In May 2014, the FASB issued Accounting Standard Update 2014‑09, Revenue from Contracts with Customers (Topic 606), which replaces numerous requirements in U.S. GAAP, including industry specific requirements, and provides a single revenue recognition model for recognizing revenue from contracts with customers. The Company adopted this standard effective January 1, 2018. The core principle of the new standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The Company’s revenues generated mainly from trading of frozen food and sales of agricultural products are recognized at a point in time. The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The application of the five-step model to the revenue streams compared to the prior guidance did not result in significant changes in the way the Company records its revenues. Multiple-Element Arrangements To qualify as a separate unit of accounting under ASC 605‑25 “ Multiple Element Arrangements ”, the delivered item must have value to the customer on a standalone basis. The significant deliverables under the Company’s multiple-element arrangements are consulting and service under development contract, commission and management service. Revenues from the Company’s consulting and services under development contracts are performed under fixed-price contracts. Revenues under long-term contracts are accounted for under the percentage-of-completion method of accounting in accordance with the Financial Accounting Standards Board (“ FASB ”) Accounting Standards Codification (“ ASC ”) Topic 605, Revenue Recognition (“ASC 605”). Under the percentage-of-completion method, the Company estimates profit as the difference between total estimated revenue and total estimated cost of a contract and recognize that profit over the contract term. The percentage of costs incurred determines the amount of revenue to be recognized. Payment terms are generally defined by the installation contract and as a result may not match the timing of the costs incurred by the Company and the related recognition of revenue. Such differences are recorded as either costs or estimated earnings in excess of billings on uncompleted contracts or billings in excess of costs and estimated earnings on uncompleted contracts. The Company determines a customer’s credit worthiness at the time an order is accepted. Sudden and unexpected changes in a customer’s financial condition could put recoverability at risk. The percentage of completion method requires the ability to estimate several factors, including the ability of the customer to meet its obligations under the contract, including the payment of amounts when due. If the Company determines that collectability is not assured, the Company will defer revenue recognition and use methods of accounting for the contract such as the completed contract method until such time as the Company determines that collectability is reasonably assured or through the completion of the project. For fixed-price contracts, the Company uses the ratio of costs incurred to date on the contract to management’s estimate of the contract’s total costs, to determine the percentage of completion on each contract. This method is used as management considers expended costs to be the best available measure of progression of these contracts. Contract costs include all direct material, subcontract and labor costs and those indirect costs related to contract performance, such as supplies, tool repairs and depreciation. The Company accounts for maintenance and repair services under the guidance of ASC 605 as the services provided relate to construction work. Contract costs incurred to date and expected total contract costs are continuously monitored during the term of the contract. Changes in job performance, job conditions, and estimated profitability arising from contract penalty, change orders and final contract settlements may result in revisions to the estimated profit ability during the contract. These changes, which include contracts with estimated costs in excess of estimated revenues, are recognized as contract costs in the period in which the revisions are determined. Profit incentives are included in revenues when their realization is reasonably assured. At the point the Company anticipates a loss on a contract, the Company estimates the ultimate loss through completion and recognizes that loss in the period in which the loss was identified. The Company does not provide warranties to customers on a basis customary to the industry, however, customers can claim warranty directly from product manufacturers for defects in equipment or products. Historically, the Company has experienced no warranty claims. The Company provides various management services to its customers in the P.R.C. based on a negotiated fixed-price contract. The clients usually pay the fees when the services contract is signed and services are rendered. The Company recognizes these services-based revenues from contracts when (i) management services are rendered; (ii) clients recognize the completion of services; and (iii) collectability is reasonably assured. Fees received in advance are recorded as deferred revenue under current liabilities. 2. 9 COST OF GOODS SOLD AND COST OF SERVICES Cost of goods sold consists primarily of direct purchase cost of merchandise goods, and related levies. Cost of services consist primarily direct cost and indirect cost incurred to date for development contracts and provision for anticipated losses for development contracts. 2. 10 SHIPPING AND HANDLING Shipping and handling costs related to cost of goods sold are included in general and administrative expenses, which totaled $156,103 and $26,129 for the years ended December 31, 2019 and 2018, respectively. 2. 11 ADVERTISING Advertising costs are included in general and administrative expenses, which totaled $956,056, and $1,541,484 for the years ended December 31, 2019 and 2018, respectively. 2. 12 RESEARCH AND DEVELOPMENT EXPENSES Research and development expenses are included in general and administrative expenses, which totaled $855,167 and $453,378 for the years ended December 31, 2019 and 2018, respectively. 2. 13 FOREIGN CURRENCY TRANSLATION AND OTHER COMPREHENSIVE INCOME The reporting currency of the Company is the U.S. dollars. The functional currency of the Company is the Chinese Renminbi (RMB). For those entities whose functional currency is other than the U.S. dollars, all assets and liabilities are translated into U.S. dollars at the exchange rate on the balance sheet date; shareholders’ equity is translated at historical rates and items in the statements of income and of cash flows are translated at the average rate for the period. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported in the statements of cash flows will not necessarily agree with changes in the corresponding balances in the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of shareholders’ equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the statements of income and comprehensive income, as incurred. Accumulated other comprehensive income in the consolidated statement of shareholders’ equity amounted to $14,747,757 as of December 31, 2019 and $10,415,786 as of December 31, 2019. The balance sheet amounts with the exception of equity as of December 31, 2019 and December 31, 2019 were translated using an exchange rate of RMB 6.98 to $1.00 and RMB RMB 6.86 to $1.00, respectively. The average translation rates applied to the statements of income and other comprehensive income and of cash flows for the years ended December 31, 2019 and 2018 were RMB 6.87 to $1.00 and RMB 6.61 to $1.00, respectively. 2. 14 CASH AND CASH EQUIVALENTS The Company considers all highly liquid securities with original maturities of three months or less when acquired to be cash equivalents. Cash and cash equivalents kept with financial institutions in the P.R.C. are not insured or otherwise protected. Should any of those institutions holding the Company’s cash become insolvent, or should the Company become unable to withdraw funds for any reason, the Company could lose the cash on deposit with that institution. 2. 15 ACCOUNTS RECEIVABLE The Company maintains reserves 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. Reserves are recorded primarily on a specific identification basis. The standard credit period for most of the Company’s clients is three months. The collection period over 1 year is classified as long-term accounts receivable. Management evaluates the collectability of the receivables at least quarterly. 2. 16 INVENTORIES Inventories are valued at the lower of cost (determined on a weighted average basis) and net realizable value. Costs incurred in bringing each product to its location and conditions are accounted for as follows: (a) raw materials - purchase cost on a weighted average basis; (b) manufactured finished goods and work-in-progress - cost of direct materials and labor and a proportion of manufacturing overhead based on normal operation capacity but excluding borrowing costs; and (c) retail and wholesale merchandise finished goods - purchase cost on a weighted average basis. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs for completion and the estimated costs necessary to make the sale. 2. 17 PLANT AND EQUIPMENT Plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. Such costs include the cost of replacing parts that are eligible for capitalization when the cost of replacing the parts is incurred. Similarly, when each major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement only if it is eligible for capitalization. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year end. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Plant and machinery 5 - 10 years Structure and leasehold improvements 10 - 30 years Mature seeds and herbage cultivation 20 years Furniture and equipment 2.5 - 10 years Motor vehicles 4 - 10 years An item of plant and equipment is removed from the accounts upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on disposal of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the item) is included in the consolidated statements of income in the period the item is disposed. 2. 18 GOODWILL Goodwill is an asset representing the fair economic benefits arising from other assets acquired in a business combination that are not individually identified or separately recognized. Goodwill is tested for impairment on an annual basis at the end of the Company’s fiscal year, or when impairment indicators arise. The Company uses a fair-value-based approach to test for impairment at the level of each reporting unit. The Company directly acquired MEIJI, which is the holding company of JHST that operates the Hu Plantation. As a result of this acquisition, the Company recorded goodwill in the amount of $724,940. This goodwill represents the fair value of the assets acquired in these acquisitions over the cost of the assets acquired. 2. 19 PROPRIETARY TECHNOLOGIES A master license of stock feed manufacturing technology was acquired and the costs of acquisition are capitalized as proprietary technologies when technological feasibility has been established. Cost of acquisition of stock feed manufacturing technology master license is amortized using the straight-line method over its estimated life of 25 years. An aromatic cattle-feeding formula was acquired and the costs of acquisition are capitalized as proprietary technologies when technological feasibility has been established. Cost of acquisition on aromatic cattle-feeding formula is amortized using the straight-line method over its estimated life of 20 years. The cost of sleepy cods breeding technology license is capitalized as proprietary technologies when technological feasibility has been established. Cost of granting sleepy cods breeding technology license is amortized using the straight-line method over its estimated life of 25 years. Bacterial cellulose technology license and related trade mark are capitalized as proprietary technologies when technological feasibility has been established. Cost of license and related trade mark is amortized using the straight-line method over its estimated life of 20 years. The Company has determined that technological feasibility is established at the time a working model of products is completed. Proprietary technologies are intangible assets of finite lives. Management evaluates the recoverability of proprietary technologies on an annual basis at the end of the Company’s fiscal year, or when impairment indicators arise. As required by ASC Topic 350 “Intangible - Goodwill and Other”, the Company uses a fair-value-based approach to test for impairment. 2. 20 CONSTRUCTION IN PROGRESS Construction in progress represents direct costs of construction as well as acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to property and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided until construction is completed and the asset is ready for its intended use. 2. 21 LAND USE RIGHTS Land use rights represent acquisition of rights to agricultural land from farmers and are amortized on the straight-line basis over their respective lease periods. The lease period of agricultural land is in the range from 10 to 60 years. Land use rights purchase prices were determined in accordance with the P.R.C. Government’s minimum lease payments on agricultural land and mutually agreed to terms between the Company and the vendors. 2. 22 EQUITY METHOD INVESTMENTS Investee entities in which the company can exercise significant influence, but not control, are accounted for under the equity method of accounting. Under the equity method of accounting, the company’s share of the earnings or losses of these companies is included in net income. A loss in value of an investment that is other than a temporary decline is recognized as a charge to operations. Evidence of a loss in value might include, but would not necessarily be limited to absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment. 2. 23 CORPORATE JOINT VENTURE A corporation formed, owned, and operated by two or more businesses as a separate and discrete business or project (venture) for their mutual benefit is considered to be a corporate joint venture. Investee entities, in which the Company can exercise significant influence, but not control, are accounted for under the equity method of accounting. Under the equity method of accounting, the Company’s share of the earnings or losses of these companies is included in net income. A loss in value of an investment that is other than a temporary decline is recognized as a charge to operations. Evidence of a loss in value might include, but would not necessarily be limited to, the absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment. 2. 24 VARIABLE INTEREST ENTITY A variable interest entity (“ VIE ”) is an entity (investee) in which the investor has obtained less than a majority interest, according to the Financial Accounting Standards Board (FASB). A VIE is subject to consolidation if a VIE meets one of the following three criteria as elaborated in ASC Topic 810‑10, Consolidation: (a) equity-at-risk is not sufficient to support the entity’s activities; (b) as a group, the equity-at-risk holders cannot control the entity; or (c) the economics do not coincide with the voting interest. If a firm is the primary beneficiary of a VIE, the holdings must be disclosed on the balance sheet. The primary beneficiary is defined as the person or company with the majority of variable interests. A corporation formed, owned, and operated by two or more businesses (ventures) as a separate and discrete business or project (venture) for their mutual benefit is defined as a joint venture. 2. 25 TREASURY STOCK Treasury stock means shares of a corporation’s own stock that have been issued and subsequently reacquired by the corporation. Converting outstanding shares to treasury shares does not reduce the number of shares issued but does reduce the number of shares outstanding. These shares are not eligible to receive dividends. Accounting for excesses and deficiencies on treasury stock transactions is governed by ASC 505‑30‑30. State laws and federal agencies closely regulate transactions involving a company’s own capital stock, so the purchase of outstanding shares must have a legitimate purpose. Some of the most common reasons for purchasing outstanding shares are as follows: (a) to meet additional stock needs for various reasons, including newly implemented stock option plans, stock for convertible bonds or convertible preferred stock, or a stock dividend. (b) to make more shares available for acquisitions of other entities. The cost method of accounting for treasury shares has been adopted by the Company. The purchase of outstanding shares and thus converting them into treasury shares is treated as a temporary reduction in shareholders’ equity in view of the expectation to reissue the shares instead of retiring them. When the Company reissues the treasury shares, the temporary account is eliminated. The cost of acquiring outstanding shares for converting into treasury shares is charged to a contra account, in this case a contra equity account that reduces the stockholder equity balance. 2. 26 INCOME TAXES The Company accounts for income taxes under the provisions of ASC Topic 740 “Accounting for Income Taxes.” Under ASC Topic 740, deferred tax assets and liabilities are determined based on the difference between the financial statement carrying amounts and the tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The provision for income tax is based on the results for the year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences, and deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred income taxes are calculated at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. ASC Topic 740 also prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken, or for one expected to be taken, in a tax return. ASC Topic 740 also provides guidance related to, among other things, classification, accounting for interest and penalties associated with tax positions, and disclosure requirements. Any interest and penalties accrued related to unrecognized tax benefits will be recorded as tax expense. 2. 27 POLITICAL AND BUSINESS RISK The Company’s operations are carried out in the P.R.C. Accordingly, the political, economic and legal environment in the P.R.C. may influence the Company’s business, financial condition and results of operations by the general state of the P.R.C.’s economy. The Company’s operations in the P.R.C. are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. 2. 28 CONCENTRATION OF CREDIT RISK Cash includes cash at banks and demand deposits in accounts maintained with banks within the P.R.C. Total cash in these banks as of December 31, 2019 and 2018 amounted to $185,895 and $4,950,799, respectively, none of which is covered by insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks to its cash in bank accounts. The Company had 5 major customers (A, B, C, D and E) whose business individually represented the following percentages of the Company’s total revenue for the period indicated: 2019 2018 Customer A 32.30 % 31.65 % Customer B 25.17 % 21.33 % Customer C 16.54 % 16.68 % Customer D 6.08 % Customer E — 7.85 % Customer F 3.62 % 5.68 % 83.71 % 83.19 % Percentage of revenue Amount Customer A Corporate Division 32.30 % $ 43,798,678 Customer B Cattle Farm Development and HU Plantation Division 25.17 % $ 34,062,095 Customer C Corporate Division 16.54 % $ 22,433,555 Accounts receivable are derived from revenue earned from customers located primarily in the P.R.C. The Company performs ongoing credit evaluations of customers and has not experienced any material losses to date. The Company had 5 major customers whose accounts receivable balance individually represented the following percentages of the Company’s total accounts receivable: 2019 2018 Customer A 39.91 % 12.76 % Customer B 16.11 % 9.67 % Customer C 14.66 % 10.05 % Customer D 11.66 % 59.81 % Customer E 8.43 % 1.8 % Customer F — % 90.77 % 94.09 % As of December 31, 2019, amounts due from customers A, B and C are $39,321,639, $15,871,509 and $14,446,680 respectively. The Company has not experienced any significant difficulty in collecting its accounts receivable in the past and is not aware of any financial difficulties of its major customers. 2. 29 IMPAIRMENT OF LONG-LIVED ASSETS AND INTANGIBLE ASSETS In accordance with ASC Topic 360, “Property, Plant and Equipment,” long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The Company reviews the carrying amount of its long-lived assets, including intangibles, for impairment, during each reporting period. An asset is considered impaired when estimated future cash flows are less than the carrying amount of the asset. In the event the carrying amount of such asset is considered not recoverable, the asset is adjusted to its fair value. Fair value is generally determined based on discounted future cash flow. As of December 31, 2019 and 2018, the Company determined no impairment losses were necessary. 2. 30 EARNINGS PER SHARE As prescribed in ASC Topic 260 “ Earnings per Share, ” Basic Earnings per Share (“ EPS ”) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year. Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrants. The effect of stock options on diluted EPS is determined through the application of the treasury stock method, whereby proceeds received by the Company based on assumed exercises are hypothetically used to repurchase the Company’s common stock at the average market price during the period. ASC 260‑10‑55 requires that stock dividends or stock splits be accounted for retroactively if the stock dividends or stock splits occur during the year, or retroactively if the stock dividends or stock splits occur after the end of the period but before the release of the financial statements, by considering it outstanding of the entirety of each period presented. Dilution is computed by applying the treasury stock method. Under this 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 year. For the years ended December 31, 2019 and 2018, basic earnings (loss) per share attributable to Sino Agro Food, Inc. and subsidiaries common stockholders amounted to $(0.21), and $0.46, respectively. For the years ended December 31, 2019 and 2018, diluted earnings (loss) per share attributable to Sino Agro Food, Inc. and its subsidiaries’ common stockholders amounted to $(0.21), and $0.46, respectively. 2. 31 ACCUMULATED OTHER COMPREHENSIVE INCOME ASC Topic 220 “ Comprehensive Income ” establishes standards for reporting and displaying comprehensive income and its components in financial statements. Comprehensive income is defined as the change in stockholders’ equity of a business enterprise d

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2019
SEGMENT INFORMATION
SEGMENT INFORMATION	3. SEGMENT INFORMATION The Company establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as business segments and major customers in consolidated financial statements. The Company operates in five principal reportable segments: Fishery Development Division, HU Plantation Division, Organic Fertilizer and Bread Grass Division, Cattle Farm Development Division and Corporate and Others Division. 2019 Fishery Organic Fertilizer Cattle Farm Development HU Plantation and Bread Grass Development Corporate and Division(1) Division (2) Division (3) Division (4) others (5) Total Revenue $ 1,719,247 4,585,603 26,870,196 36,191,035 66,232,233 $ 135,598,314 Net income (loss) $ (15,636,840) (1,963,012) (3,630,581) (2,276,309) 13,164,475 $ (10,342,267) Total assets $ 62,172,772 47,355,810 103,086,572 84,962,290 355,826,381 $ 653,403,825 2018 Fishery Organic Fertilizer Cattle Farm Development HU Plantation and Bread Grass Development Corporate and Division(1) Division (2) Division (3) Division (4) others (5) Total Revenue $ 11,127,393 $ 3,617,249 $ 28,909,768 $ 29,558,983 $ 68,457,170 $ 141,670,563 Net income (loss) $ 1,567,429 $ (33,037,306) $ (280,356) $ 3,491,893 $ 15,581,677 $ 17,323,337 Total assets $ 87,129,117 $ 43,484,157 $ 327,374,461 $ 42,288,332 $ 290,326,712 $ 790,602,779 Note (1) Operated by Capital Award, Inc. (“CA”). (2) Operated by Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”). (3) Operated by Qinghai Sanjiang A Power Agriculture Co., Limited (“SJAP”), A Power Agro Agriculture Development (Macau) Limited (“APWAM”), and Hunan Shenghua A Power Agriculture Co., Limited (“HSA”). On December 30, 2018 QZH was disposed to third party and derecognized as variable interest entity on the same date. (4) Operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited (“JHMC”) and Macau Eiji Company Limited (“MEIJI”). (5) Operated by Sino Agro Food, Inc. (“SIAF”) and Sino Agro Food Sweden AB (“SAFS”). Further analysis of revenue:- 2019 Organic Fishery Fertilizer and Cattle Farm Development HU Plantation Bread Grass Development Corporate and Division Division Division Division others Total Name of entity Sale of goods Capital Award, Inc. (CA) — Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd ("JHST") 4,585,603 4,585,603 Qinghai Sanjiang A Power Agriculture Co., Ltd ("SJAP") 11,286,153 11,286,153 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) 15,584,043 15,584,043 Macau Eiji Company Limited (“MEIJI”) 36,191,035 36,191,035 Sino Agro Food, Inc. ("SIAF") 66,232,233 66,232,233 Consulting and service income for development contracts Capital Award, Inc. (CA”) 1,719,247 — 1,719,247 4,585,603 26,870,196 36,191,035 66,232,233 135,598,314 Further analysis of revenue:- 2018 Organic Fishery Fertilizer and Cattle Farm Development HU Plantation Bread Grass Development Corporate and Division (1) Division (2) Division (3) Division (4) others (5) Total Name of entity Sale of goods Capital Award, Inc. (CA) $ — $ — $ — $ — $ — $ — Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”) — 3,617,249 — — — 3,617,249 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) — — 9,671,330 — — 9,671,330 Qinghai Sanjiang A Power Agriculture Co., Ltd (“SJAP”) — — 19,238,438 — — 192,384,383 Macau Eiji Company Limited (“MEIJI”) — — — 29,558,983 — 29,558,983 Sino Agro Food, Inc. (SIAF) — — — — 68,457,170 68,457,170 Consulting and service income for development contracts Capital Award, Inc. (“CA”) 11,127,393 — — — — 11,127,393 $ 11,127,393 $ 3,617,249 $ 28,909,768 $ 29,558,983 $ 68,457,170 $ 141,670,563 Further analysis of cost of goods sold and cost of services:- COST 2019 Organic Fishery HU Fertilizer and Cattle Farm Development Plantation Bread Grass Development Corporate Division Division Division Division and others Total Name of entity Sale of goods Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd ("JHST") 3,718,225 3,718,225 Qinghai Sanjiang A Power Agriculture Co., Ltd ("SJAP") 8,262,804 8,262,804 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) 13,271,460 13,271,460 Macau Eiji Company Limited (“MEIJI”) 29,284,786 29,284,786 Sino Agro Food, Inc. (SIAF) 58,864,686 58,864,686 Consulting and service income for development contracts Capital Award, Inc. ("CA") 1,590,017 1,590,017 3,718,225 21,534,264 29,284,786 58,864,686 113,401,961 Further analysis of cost of goods sold and cost of services (Continued):- COST OF GOODS SOLD 2018 Organic Fishery HU Fertilizer and Cattle Farm Corporate Development Plantation Bread Grass Development and others Division (1) Division (2) Division (3) Division (4) (5) Total Name of entity Sale of goods Capital Award, Inc. (“CA”) $ — $ — $ — $ — $ — $ — Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”) — 3,098,390 — — — 3,098,390 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) — — 6,894,335 — — 6,894,335 Qinghai Sanjiang A Power Agriculture Co., Limited (“SJAP”) — — 14,937,535 — — 14,937,535 Macau Eiji Company Limited (“MEIJI”) — — — 24,761,345 — 24,761,345 Sino Agro Food, Inc. (“SIAF”) — — — — 61,275,743 61,275,743 $ — $ 3,098,390 $ 21,831,870 $ 24,761,345 $ 61,275,743 $ 110,967,348 COST OF SERVICES 2018 Organic Fishery Fertilizer and Cattle Farm Corporate Development HU Plantation Bread Grass Development and others Division (1) Division (2) Division (3) Division (4) (5) Total Name of entity Consulting and service income for development contracts Capital Award, Inc. (“CA”) $ 9,051,408 $ — $ — $ — $ — $ 9,051,408 $ 9,051,408 $ — $ — $ — $ — $ 9,051,408

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
INCOME TAXES	4. INCOME TAXES United States of America The Company was incorporated in the State of Nevada, in the United States of America. The Company has no trading operations in United States of America and no U.S. corporate tax has been provided for in the consolidated financial statements of the Company. Undistributed Earnings of Foreign Subsidiaries The Company intends to use the remaining accumulated and future earnings of foreign subsidiaries to expand operations outside the United States and accordingly, undistributed earnings of foreign subsidiaries are considered to be indefinitely reinvested outside the United States and no provision for U.S. Federal and State income tax or applicable dividend distribution tax has been provided thereon. As of December 31, 2019, the Company reviewed its tax position with the assistance US tax professionals and believed that there would be no taxes and no penalties assessed by the IRS in the United States of America. China The Enterprise Income Tax (“ EIT ”) law replaced the existing laws for Domestic Enterprises (“ DE’s ”) and Foreign Invested Enterprises (“ FIE’s ”). The new standard EIT rate of 25% replaced the 33% rate currently applicable to both DE’s and FIE’s. The Company is currently evaluating the impact that the new EIT will have on its financial condition. Beginning January 1, 2008, China unified the corporate income tax rule on foreign invested enterprises and domestic enterprises. The unified corporate income tax rate is 25%. Under new tax legislation in China beginning in January 2008, the agriculture, dairy and fishery sectors are exempt from enterprise income taxes. No EIT has been provided in the financial statements of SIAF, JHST, JHMC, HSA, and SJAP since they are exempt from EIT for the years ended December 31, 2019 and 2018 as they are within the agriculture, and cattle sectors. No EIT has been provided in the financial statements of QZH since they are exempt from EIT for the period ended December 30, 2018 (date of de-recognition QZH as subsidiary) and as it is within the cattle sectors. Belize CA, CS and CH are international business companies incorporated in Belize, and are exempt from corporate tax in Belize. Macau No Macau Corporate income tax has been provided in the consolidated financial statements of APWAM and MEIJI since these entities did not earn any assessable profits for the years ended December 31, 2019 and 2018. Sweden Sweden Corporate income tax has been provided at 22% on reported profit for the year ended December 31, 2019 and 2018 in the consolidated financial statements of SAFS. No deferred tax assets and liabilities are of December 31, 2019 and 2018 since there was no difference between the financial statements carrying amounts and the tax bases of assets and liabilities using enacted tax rates in effect in the period in which the differences are expected to reverse. Provision for income taxes is as follows: 2019 2018 SIAF $ — $ — SAFS CA, CH and CS MEIJI and APWAM JHST, JHMC, SJAP, QZH and HSA $ The Company did not recognize any interest or penalties related to unrecognized tax benefits in the years ended December 31, 2019 and 2018. The Company had no uncertain positions that would necessitate recording of tax related liability. The Company is subject to examination by the respective tax authorities.

NET LOSS FROM DISPOSAL OF A VAR

NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY	12 Months Ended
	Dec. 31, 2019
Qinghai Zhong He Meat Products Co Limited [Member]
NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY	5. NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY As of December 31, 2016, the SJAP’s total investment in QZH was $4,645,489. During the period ended December 30, 2018, QZH incurred a loss of $30,682,576. SJAP disposed its entire 85% equity interest in QZH for RMB2 (equivalent to $0) for cash and completed on December 30, 2018. As a result, QZH was derecognized as VIE of the company. (a) Net loss from disposal of a variable interest entity, QZH Cash and cash equivalents $ 17,060 Inventories 4,567,530 Prepayments 2,692,571 Accounts receivables 16,403,731 Other receivables 1,855,971 Plant and equipment 3,888,987 Intangible assets 2,870 29,428,720 Less: Accounts payable (7,140,439) Other payables (5,811,425) Short term borrowings (1,530,456) Non-controlling interests (5,082,410) Accumulated exchange difference (498,347) Net assets and liabilities disposed as of December 30, 2018 $ 9,365,643 Satisfied by: Cash consideration $ — (b) Net cash outflow from disposal of a variable interest entity, QZH 2018 Cash and cash equivalents disposed of $ (17,060) Net cash outflow disposal of a variable interest entity, QZH $ (17,060)

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2019
CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS	6. CASH AND CASH EQUIVALENTS 2019 2018 Cash and bank balances $ 185,895 $ 4,950,799

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2019
INVENTORIES
INVENTORIES	7. INVENTORIES As of December 31, 2019, inventories are as follows: 2019 2018 Bread grass $ 744,378 Beef cattle 11,561,117 Organic fertilizer 14,266,923 Forage for cattle and consumable 7,252,280 Raw materials for bread grass and organic fertilizer 18,885,258 Immature seeds 1,872,285 — $ 54,582,241

DEPOSITS AND PREPAYMENTS

DEPOSITS AND PREPAYMENTS	12 Months Ended
	Dec. 31, 2019
DEPOSITS AND PREPAYMENTS
DEPOSITS AND PREPAYMENTS	8. DEPOSITS AND PREPAYMENTS 2019 2018 Deposits for - purchases of equipment 2,037,425 $ 2,158,867 - acquisition of land use rights — 174,851 - inventories purchases 1,059,543 16,921,188 - construction in progress — 4,789,035 - issue of shares as collateral 24,402,175 24,928,324 Shares issued for employee compensation and overseas professional and bond interest — 643,457 Others 2,631,797 2,625,468 30,130,940 $ 52,241,190

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2019
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE	9. ACCOUNTS RECEIVABLE All accounts receivable are reflected as a current asset and no allowance for bad debt of December 31, 2019 and 2018, respectively. Aging analysis of accounts receivable is as follows: 2019 2018 0 - 30 days 9,746,096 $ 7,447,269 31 - 90 days 40,452,553 22,684,605 91 - 120 days 3,938,695 16,456,895 over 120 days and less than 1 year 5,777,425 11,773,454 over 1 year 38,613,820 43,289,908 98,528,589 $ 101,652,131

OTHER RECEIVABLES

OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2019
OTHER RECEIVABLES
OTHER RECEIVABLES	10. OTHER RECEIVABLES 2019 2018 Advanced to employees $ 255,174 $ 561,330 Advanced to suppliers 2,543,541 3,831,926 Advanced to customers 14,131,956 14,114,249 Advanced to developers — 453,155 Advanced to SJAP 76,404,954 — Others 2,229,752 9,346,866 $ 95,565,377 $ 28,307,526 Advanced to employees, suppliers, customers and developers are unsecured, interest free and with no fixed terms of repayment.

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
PLANT AND EQUIPMENT
PLANT AND EQUIPMENT	11. PLANT AND EQUIPMENT 2019 2018 Plant and machinery $ 9,652,132.00 $ 5,299,631.00 Structure and leasehold improvements 90,615,323.00 200,734,812.00 Mature seeds and herbage cultivation 17,752,012.00 54,643,255.00 Furniture and equipment 2,613,172.00 695,461.00 Motor vehicles 3,241,556.00 590,416.00 123,874,195.00 261,963,575.00 Less: Accumulated depreciation 20,809,957.00 31,317,916.00 Net carrying amount $ 103,064,238.00 $ 230,645,659.00 Depreciation expenses were $5,272,630, $13,080,991 for the years ended December 31, 2019, and 2018, respectively

CONSTRUCTION IN PROGRESS

CONSTRUCTION IN PROGRESS	12 Months Ended
	Dec. 31, 2019
CONSTRUCTION IN PROGRESS
CONSTRUCTION IN PROGRESS	12. CONSTRUCTION IN PROGRESS 2019 2018 Construction in progress - Office, warehouse and organic fertilizer plant in HSA $ — $ 7,285 - Oven room, road for production of dried flowers — — - Organic fertilizer and bread grass production plant and office building — 6,484,045 - Rangeland for beef cattle and office building — 6,024,197 - Fish pond and breeding factory — — $ $ 12,515,527

LAND USE RIGHTS

LAND USE RIGHTS	12 Months Ended
	Dec. 31, 2019
LAND USE RIGHTS
LAND USE RIGHTS	13. LAND USE RIGHTS 2019 2018 Cost $ 64,392,689 $ 65,779,178 Less: Accumulated amortization (13,359,761) (11,964,897) Net carrying amount $ 51,032,928 $ 53,814,281 Land use rights are amortized on the straight-line basis over their respective lease periods. The lease period of agriculture land is 10 to 60 years. Amortization of land use rights were $1,553,073 and $1,686,879 for the years ended December 31, 2019 and 2018, respectively. No impairment of land use right has been identified for the years ended December 31, 2019 and 2018.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2019
GOODWILL
GOODWILL	14. GOODWILL Goodwill represents the fair value of the assets acquired the acquisitions over the cost of the assets acquired. It is stated at cost less accumulated impairment losses. Management tests goodwill for impairment on an annual basis or when impairment indicators arise. In these instances, the Company recognizes an impairment loss when it is probable that the estimated cash flows are less than the carrying value of the assets. To date, no such impairment loss has been recorded. 2019 2018 Goodwill from acquisition $ 729,940 $ 724,940 Less: Accumulated impairment losses — — Net carrying amount $ 724,940 $ 724,940

PROPRIETARY TECHNOLOGIES

PROPRIETARY TECHNOLOGIES	12 Months Ended
	Dec. 31, 2019
PROPRIETARY TECHNOLOGIES
PROPRIETARY TECHNOLOGIES	15. PROPRIETARY TECHNOLOGIES By an agreement dated November 12, 2008, CA acquired an enzyme technology master license, registered under a Chinese patent, for the manufacturing of livestock feed and bioorganic fertilizer and its related labels for $8,000,000. On October 1, 2015, the Company took up such assets at $5,473,720. On March 6, 2012, MEIJI acquired an aromatic-feed formula technology for the production of aromatic cattle for $1,500,000. On October 1, 2013, SIAF was granted a license to exploit sleepy cods breeding technology to grow out of sleepy cods for $2,270,000 for 50 years. SJAP booked bacterial cellulose technology license and related trademark for $2,119,075 and amortized expenditures for 20 years starting from January 1, 2014. 2019 2018 Cost 9,232,228 $ 11,113,267 Less: Accumulated amortization (2,164,475) (2,176,196) Net carrying amount 7,067,753 $ 8,937,071 Amortization of proprietary technologies was $485,539 and $583,133 for the years ended December 31, 2019 and 2018 respectively. No impairments of proprietary technologies have been identified for the years ended December 31, 2019 and 2018

INTERESTS IN UNCONSOLIDATED EQU

INTERESTS IN UNCONSOLIDATED EQUITY INTERESTS	12 Months Ended
	Dec. 31, 2019
Guangzhou Horan Taita Information Technology Co., Limited [Member]
INTERESTS IN UNCONSOLIDATED EQUITY INTERESTS	16. INTERESTS IN UNCONSOLIDATED EQUITY INTERESTS On February 28, 2011, TRW applied to form a corporate joint venture, Enping City Bi Tao A Power Fishery Development Co., Limited (“EBAPFD”), incorporated in the PRC. TRW owned a 25% equity interest in EBAPFD. On November 17, 2011, TRW formed Jiang Men City A Power Fishery Development Co., Limited (“JFD”) in which it acquired a 25% equity interest, while withdrawing its 25% equity interest in EBAPFD. As of December 31, 2011, the Company had invested for total cash consideration of $1,258,607 in JFD. JFD operates an indoor fish farm. On January 1, 2012, the Company acquired an additional 25% equity interest in JFD for total cash consideration of $1,662,365. As of January 1, 2012, the Company had consolidated the assets and operations of JFD. On April 1, 2012, the Company acquired an additional 25% equity interest in JFD for the total cash consideration of $1,702,580. These acquisitions were at our option according the terms of the original development agreement. The Company owned a 75% equity interest in JFD, representing majority of voting rights and controls its board of directors. On August 15, 2016, the acquisition agreement was executed by TRW for acquiring the other 25% equity in JFD which was a Sino Foreign Joint Venture Co. that TRW had 100% equity interest with effect on October 5, 2016. Upon the acquisitions of 3 additional prawn farms assets at fair value of $238.32 million from respective third parties and the master technology license at fair value of $30 million from Capital Award, Inc. by JFD, and the consideration of the above acquisitions were planned to be settled by the new issue shares of 99,990,000 TRW shares at $3.41 amounting to $340.53 million on or before March 31, 2018. As a result, SIAF’s equity interest in TRW was diluted from 100% to 23.89% with effective on October 5, 2016. The above transactions leaded the Company loss of control over TRW group, the Company’s investments in TRW and JFD were reclassified from a subsidiary to investments in unconsolidated equity investees as of October 5, 2016. The dilution of the Company’s investments in TRW group constituted a deemed disposal of the subsidiaries. The deemed gain on disposal of $56,947,005 was recorded in net income from discontinued operations of the consolidated statements of income and other comprehensive income of the Company for the year ended December 31, 2016. The Company converted the amount due from unconsolidated equity investee into equity interest during the fourth quarter of 2018, which resulted in equity interest in TRW from 23.89% to 36.60% On May 6, 2016, SJAP invested in 30% equity interest in Guangzhou Horan Taita Information Technology Co., Limited (“ HTIT ”), a company incorporated in P.R.C. for RMB1,000,000. Impairment were $nil and $153,046 for the years ended December 31, 2019 and 2018, respectively. 2019 2018 Investments at cost $ $ - TRW 149,720,418 149,720,418 - SJAP 40,211,202 — Amount due from a consolidated equity investee - TRW 59,413,091 57,354,208 249,344,711 $ 207,074,626

TEMPORARY DEPOSITS PAID TO ENTI

TEMPORARY DEPOSITS PAID TO ENTITIES FOR EQUITY INVESTMENTS IN FUTURE SINO JOINT VENTURE COMPANIES	12 Months Ended
	Dec. 31, 2019
Sino Joint Venture companies A [Member]
TEMPORARY DEPOSITS PAID TO ENTITIES FOR EQUITY INVESTMENTS IN FUTURE SINO JOINT VENTURE COMPANIES	17. TEMPORARY DEPOSITS PAID TO ENTITIES FOR EQUITY INVESTMENTS IN FUTURE SINO JOINT VENTURE COMPANIES Intended unincorporated Projects Investee Engaged 2019 2018 A Trade center *12,000,000 $ 12,000,000 B Fish and prawn Farm 2 GaoQiqiang Aquaculture * 17,403,959 C Cattle farm 2 *5,507,626 5,502,001 $ 17,507,626 $ 34,905,960 The Company made temporary deposits paid to entities for equity investments in future Sino Joint Venture companies (“SJVCs”) engaged in projects development of trade and seafood centers, fish, prawns and cattle farms. Such temporary deposits represented as deposits of the respective consideration required for the purchase of equity stakes of respective future SJVCs. The amounts were classified as temporary because legal procedures of formation of SJVCs have not yet been completed. As of December 31, 2019, the percentages of equity stakes of A (trade and seafood centers), B (fish farm 2 GaoQiqiang Aquaculture Farm) and C (cattle farm 2) are 31%, 23% and 35% respectively. * The above amounts were subject to conversion to an additional equity investment in the investees upon the completion of legal procedures of formation of SJVCs.

VARIABLE INTEREST ENTITY TO AN

VARIABLE INTEREST ENTITY TO AN INVESTOR IN ASSOCIATE	12 Months Ended
	Dec. 31, 2019
VARIABLE INTEREST ENTITY TO AN INVESTOR IN ASSOCIATE
VARIABLE INTEREST ENTITY TO AN INVESTOR IN ASSOCIATE	18. VARIABLE INTEREST ENTITY TO AN INVESTOR IN ASSOCIATE On September 28, 2009, APWAM acquired the PMH’s 45% equity interest in the Sino-Foreign joint venture company, Qinghai Sanjiang A Power Agriculture Co. Limited (“ SJAP ”), which was incorporated in the P.R.C. As of December 31, 2019, the Company has invested $2,251,359 in this joint venture. SJAP is engaged in its business of the manufacturing of organic fertilizer, livestock feed, and beef cattle and plantation of crops and pastures. Continuous assessment of the VIE relationship with SJAP The Company may also have a controlling financial interest in an entity through an arrangement that does not involve voting interests, such as a VIE. The Company evaluates entities deemed to be VIE’s using a risk and reward model to determine whether to consolidate. A VIE is an entity (1) that has total equity at risk that is not sufficient to finance its activities without additional subordinated financial support from other entities, (2) where the group of equity holders does not have the power to direct the activities of the entity that most significantly impact the entity’s economic performance, or the obligation to absorb the entity’s expected losses or the right to receive the entity’s expected residual returns, or both, or (3) where the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both, and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately fewer voting rights. The Company also quantitatively and qualitatively examined if SJAP is considered a VIE. Qualitative analyses considered the extent to which the nature of its variable interest exposed the Company to losses. For quantitative analyses, the Company also used internal cash flow models to determine if SJAP was a VIE and, if so, whether the Company was the primary beneficiary. The projection of these cash flows and probabilities thereof requires significant managerial judgment because of the inherent limitations that relate to the use of historical data for the projection of future events. On December 31, 2019, the Company evaluated the above VIE testing results and concluded that the Company is the primary beneficiary of SJAP’s expected losses or residual returns and that SJAP qualifies as a VIE of the Company. As result, the Company has consolidated SJAP as a VIE. The reasons for the changes are as follows: · Originally, the board of directors of SJAP consisted of 7 members; 3 appointees from Qinghai Sanjiang (one stockholder), 1 from Garwor (one stockholder), and 3 from the Company, such that the Company did not have majority interest represented on the board of directors of SJAP. · On May 7, 2010, Qinghai Sanjiang sold and transferred its equity interest in SJAP to Garwor. The State Administration for Industry and Commerce of Xining City Government of the P.R.C. approved the sale and transfer. Consequently Garwor and the Company agreed that the new board of directors of SJAP would consist of 3 members; 1 appointee from Garwor and 2 appointees from the Company, such that the Company now had a majority interest in the board of directors of SJAP. Also, and in accordance with the Company’s Sino Joint Venture Agreement, the Company’s management appointed the chief financial officer of SJAP. As a result, the financial statements of SJAP were included in the consolidated financial statements of the Company. On September 30th 2019, Mr. Solomon Lee resigned as the Chairman of SJAP resulting in categorization of SJAP as an Investor in Associate from a subsidiary status. Continuous assessment of the VIE relationship with QZH The Company may also have a controlling financial interest in an entity through an arrangement that does not involve voting interests, such as a VIE. The Company evaluates entities deemed to be VIE’s using a risk and reward model to determine whether to consolidate. A VIE is an entity (1) that has total equity at risk that is not sufficient to finance its activities without additional subordinated financial support from other entities, (2) where the group of equity holders does not have the power to direct the activities of the entity that most significantly impact the entity’s economic performance, or the obligation to absorb the entity’s expected losses or the right to receive the entity’s expected residual returns, or both, or (3) where the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both, and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately fewer voting rights. The Company also quantitatively and qualitatively examined if QZH is considered a VIE. Qualitative analyses considered the extent to which the nature of its variable interest exposed the Company to losses. For quantitative analyses, the Company also used internal cash flow models to determine if QZH was a VIE and, if so, whether the Company was the primary beneficiary. The projection of these cash flows and probabilities thereof requires significant managerial judgment because of the inherent limitations that relate to the use of historical data for the projection of future events. Before December 30, 2018, the Company evaluated the above VIE testing results and concluded that the Company is the primary beneficiary of QZH’s expected losses or residual returns and that QZH qualifies as a VIE of the Company. As result, the Company has consolidated QZH as a VIE. The reasons for the QZH qualified as a VIE are as follows: · Originally, SJAP was sole stockholder of QZH, owned 100% equity interest in QZH and controlled directorship of QZH. · On October 25, 2015, both QZH and new stockholder, Qinghai Quanwang Investment Management Co., Ltd (“ QQI ”) contributed additional capital of $4,157,682 and $769,941, respectively. As of result, SJAP decreased its equity interest from 100% to 86% and QQI owned 14% equity interest. In addition, according to investment agreement between QZH and QQI, (i) QQI only enjoyed interest 6% annually on its capital contribution and did not enjoy any profit distribution; (ii) investment period was 3 years only, and (iii) SJAP shared 100% on profit or loss after deduction 6% interest to QQI and enjoyed 100% voting rights of QZH’s board and stockholders meetings. · Consequently, the Company still indirectly control directorship of QZH, such that the Company now had a majority interest in the directorship of QZH. Also, and in accordance with the Company’s Sino Joint Venture Agreement, the Company’s controlled QZH’s chief financial officer appointment. As a result, the financial statements of QZH were included in the consolidated financial statements of the Company. On December 30, 2017 the Company sold its (35.36)% equity in QZH to a third party for RMB 2 and effectively resigned from the board of directors of QZH as 31 st December 2018 as such the Company has no further equity and financial interest in QZH for year ended 31 st December 2019.

CONSTRUCTION CONTRACT

CONSTRUCTION CONTRACT	12 Months Ended
	Dec. 31, 2019
CONSTRUCTION CONTRACT
CONSTRUCTION CONTRACT	19. CONSTRUCTION CONTRACT (i) Costs and estimated earnings in excess of billings on uncompleted contracts 2019 2018 Costs 6,186,261 $ 6,186,261 Estimated earnings 4,777,300 4,777,300 Less: Billings (10,712,733) (10,712,733) Costs and estimated earnings in excess of billings on uncompleted contracts 250,828 $ 250,828 (ii) Billings in excess of costs and estimated earnings on uncompleted contracts 2019 2018 Billings 49,175,412 $ 47,929,092 Less: Costs (30,098,638) (29,094,568) Estimated earnings (13,690,063) (13,486,231) Billing in excess of costs and estimated earnings on uncompleted contracts 5,386,711 $ 5,348,293

OTHER PAYABLES

OTHER PAYABLES	12 Months Ended
	Dec. 31, 2019
OTHER PAYABLES
OTHER PAYABLES	20. OTHER PAYABLES 2019 2018 Due to third parties 5,994,581 $ 13,068,387 Straight note payable (note 23(i)) 29,367,999 29,367,999 Promissory notes issued to third parties 7,151,762 7,792,774 Due to local government — 87,425 42,514,342 $ 50,316,585 Less: Amount classified as non-current liabilities Promissory notes issued to third parties (7,151,762) (7,792,774) Amount classified as current liabilities 35,362,580 $ 42,523,811 Due to third parties are unsecured, interest free and have no fixed terms of repayment.

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2019
BORROWINGS
BORROWINGS	21. BORROWINGS There are no provisions in the Company’s bank borrowings and long term debts that would accelerate repayment of debt as a result of a change in credit ratings or a material adverse change in the Company’s business. Under certain agreements, the Company has the option to retire debt prior to maturity, either at par or at a premium over par. Interest Name of lender rate Term 2019 2018 China Development Bank Qinghai Province, the P.R.C. 5.2835 % November 29, 2018 - November 28, 2018 — China Development Bank Qinghai Province, the P.R.C. 5.2835 % December 14, 2018 - December 13, 2018 — China Development Bank Qinghai Province, the P.R.C 4.7306 % December 27, 2018 - December 27, 2019 4,371,265 Add: current portion of a long term bank loan 218,563 Short term bank loans 4,589,828 China Development Bank Qinghai Province, the P.R.C. 5.39 % December 16, 2016 - December 15, 2026 5,755,501 Less: current portion of long term bank loan — (218,563) Long term bank loans $ — $ 5,536,938 On November 29, 2018 and December 14, 2018, the Company obtained two 1‑year short term loans of RMB20 million (approximately $3.06million) and RMB10 million (approximately $1.53million) respectively from China Development Bank for the period from November 29, 2018 to November 28, 2018 and December 14, 2018 to December 13, 2018 respectively, bearing fixed interest at 5.2835% per annum. Both loans were guaranteed by Xining City SME Guarantee Corporation and have been repaid on November 28, 2018 and December 13, 2018, respectively. On December 16, 2016, the Company obtained a 10‑year long term loan of RMB40million (approximately $6.05million) from China Development Bank for the period from December 16, 2016 to December 15, 2026, bearing an annual interest rate at 110% of the benchmark rate of PBOC on the date of the loan agreement and will be adjusted in line with any adjustment of the benchmark rate which is 5.39% (2018: 5.39)%. The loan was guaranteed by Mr. Zhao Yilin and Ms. Song Haixian, Mr. Zhao Yilin’s wife. The loan was also secured by land use right with net carrying amount of $397,269 as of December 31, 2019 (2018: 429,982) and a batch of plant, machinery and equipment with net carrying amount of $5,326,385 (2018: 5,954,915). On December 14, 2018, RMB500,000 (approximately $75,563) was repaid to the bank. According to the loan agreement, RMB1,500,000 (approximately $218,563) was schedule to be repaid by November 20, 2019 in two partial repayments. On December 27, 2018, the Company obtained a 1‑year short term loan of RMB30 million (approximately $4.37 million) from China Development Bank for the period from December 27, 2018 to December 27, 2019, bearing fixed interest at 4.7306% per annum. This loan was guaranteed by Xining City SME Guarantee Corporation. The above note agreements contained regular provisions requiring timely repayment of principals and accrued interests, payment of default interest in the event of default, and without specific financial covenants. Management of the Company believes the Company is in material compliance with the terms of the loan agreements.

CONVERTIBLE NOTE PAYABLES

CONVERTIBLE NOTE PAYABLES	12 Months Ended
	Dec. 31, 2019
CONVERTIBLE NOTE PAYABLES
CONVERTIBLE NOTE PAYABLES	22. CONVERTIBLE NOTE PAYABLES (i) On August 29, 2014, the Company completed the closing of a private placement financing transaction with an accredited investor, which purchased a 10.5% Convertible Note (the “ Note 1 ”) in the aggregate principal amount of up to $33,300,000. The Company received the total advance of $11,632,450. The Company shall offer investor a discount equal to 25% of the amount of the principal advanced by the investor. Interest on the note shall accrue on the outstanding principal balance of this Note from August 29, 2014. Interest shall be payable quarterly on the last day of each of March, June, September and December commencing September 30, 2014 provided, however, that note holder may elect to require the Company to issue to the note holder a promissory note in lieu of cash in satisfaction of any interest due and payable at such time. Any interest payment note shall be subject to the same terms as the note. The note has a maturity date of February 28, 2020. The note is convertible, at the discretion of the note holder, into shares of the Company’s common stock (i) at any time following an Event of Default, or (ii) for a period of thirty (30) calendar days following October 31, 2015 and each anniversary thereof, at an initial conversion price per share of $1.00, subject to adjustment for stock splits, reverse stock splits, stock dividends and other similar transactions and subject to the terms of the note. As long as the note is outstanding, the investor shall have a right of first refusal, exercisable for thirty (30) calendar days after notice to the note holder, to purchase securities proposed to be offered and sold by the Company. The Company and the note holder entered into a restructuring agreement regarding the settlement of the Note 1. Both parties have agreed to restructure the indebtedness represented by Note 1 as follows: (a) SIAF issues 5,196,333 shares of its common stock and transfer 400,000 shares of TRW to the note holder; and (b) SIAF executes a new promissory note in the principal amount of $15,589,000 to the note holder to be paid in installments over a period of time. However, both parties remain open to negotiate an all-cash settlement of the Note 1. As of December 31, 2019, as a result, the amount outstanding under Note 1 was reclassified as other payables – straight note payable of $29,367,999 (see Note 21) and a loss on restructuring of $6,225,204 which representing the non-amortized part of the discount upon the issuing of the convertible bond incurred during the year. Subsequently, Note 1 matured on February 28, 2020, the Company intends to offer the settlement of the note to the accredited investors based on the following understanding, terms and conditions: (i). The earlier understanding of the restructured indebtedness is to be carried as follows: (a) SIAF issues 5,196,333 shares of its common stock and transfer 400,000 shares of TRW to the note holder; and (b) SIAF is to pay the revised promissory note in the principal amount of $15,589,000 to the note holder. (ii). It is the Company’s intension for the said 5,196,333 shares of its common stocks to be converted into the G Series Preferred Stocks at conversion ratio of the offer of the Initial Public Offer stated in the registration statement filed with SEC targeting on or before June 30, 2021. (iii). There were 500,050 Common Shares of the Company loaned to the said accredited investor on (Date: July 22, 2014) valued at US$18.10 / share as security for the accredited investors to secure their investors to invest on the Bond prior to the completion of a registration statement filed with SEC on June 2014 to allow the official issuing of additional common stocks to ECAB’s BOND investors, and that ECAB would return back the loaned stocks back to the Company upon the time the said accredited investor invested the balance of the Note 1 proceed of (US$ 13,362,550) needed to complete the disbursement of the total loan proceed of US$25,000,000 on or before (Date: February 28 th 2015). However the said investor sold the said loaned 500,050 common stocks of the Company in between the period (Date: February to March 2015) and invested part or the full sum from the sales proceeds of said 500,050 common stock of the Company (of US$10,500,000) back to the Company as part of the Note 1’s disbursement to the Company making total disbursement sum of US$22,137,450.00 being advanced to the Company on or before 30 th June 2015, and in turn, the investor did not return the said 500,050 common stocks of the Company to the Company and didn’t help the Company to complete the said registration statement by not giving the Company the Debenture Agreement needed to complete said registration statement with the SEC. (iv). In order that the principal amount of $15,589,000 of the cash settlement sum mentioned above may be settled amicably between the accredited investor and the Company, the sales proceeds (of US$13,362,550.00) from the sales of the 500,050 shares loaned in good faith to ECAB must be taken into consideration and be deduced from the said principal amount before this bond arrangements can be settled. (ii) On October 20, 2018, the Company issued another Convertible Note (the "Note 2") with a principal amount of $4,000,000 due on February 28, 2018. The note holder had the option to convert all or any part of the outstanding note into the common stock of the Company (the "Primary Optional Conversion") or TRW (the "Secondary Optional Conversion") at any time for a period of eight months from the note’s maturity date. The conversion price for Primary Optional Conversion is lesser of $1.5 per share or at 65% of the market share price of the Company. While the conversion price for Secondary Optional Conversion is $3.41 per share subject to equitable adjustment for stock split, stock dividend or right offerings. Under the agreement, the Company shall pay the note holder 120,000 common shares of SIAF or 32,000 common shares of TRW as an origination fee. The note bears a flat interest payment which shall be settled by 200,000 common shares of SIAF or 55,000 common shares of TRW. As of December 31, 2019, no settlement for both origination fee and interest payment. The supplemental agreement to the Bond Subscription Agreement with the Subscriber to extend the Bond Issue by a year to December 31, 2019 was signed. All other terms and conditions of the Bond Subscription Agreement and the Conditions continue in full force and effect. 2019 2018 (i) 10.50% convertible note due February 28, 2020 $ — $ — (ii) Convertible note due December 31, 2019 3,894,978 3,894,978 Less: classified as current liabilities (3,894,978) Non-current Liabilities — — The fair value of the conversion option was approximately $211,320, the Company discounted the note and created a derivative liability, which will be evaluated each quarter and adjusted for any change in value. For the year ended December 31, 2019 and 2018, the Company recognized the amortization of the discount of approximately $nil and $106,297, respectively. The Company estimated the fair value of the derivative liabilities using the Binomial Option Pricing Model and the following key assumptions during 2018 2018 Expected dividends — Expected term (years) 0.34 Volatility 52.09% - 54.32 % Risk-free rate 1.65% - 1.9 % The following table sets forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value as of December 31, 2019 and 2018 Level 1 Level 2 Level 3 Total $ $ $ $ LIABILITIES: Derivative liabilities as of December 31, 2019 — — 0 0 Derivative liabilities as of December 31, 2018 — — 2,100 2,100 The following table represents the change in the fair value of the derivative liabilities during the year ended December 31, 2019 $ Fair value of derivative liabilities as of December 31, 2018 2,100 Change in fair value of derivative liabilities — Fair value of derivative liabilities as of December 31, 2019 — The above note agreement contained regular provisions requiring timely repayment of principals and accrued interests, payment of default interest in the event of default, default and optional conversion and without specific financial covenants. Management of the Company believes the Company is in material compliance with the terms of the convertible note agreement.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2019
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY	23 . SHAREHOLDERS’ EQUITY The Group’s share capital as of December 31, 2019 and 2018 shown on the consolidated balance sheet represents the aggregate nominal value of the share capital of the Company as of that date. Common Stock: On November 10, 2014, the Company approved an amendment to the Corporation’s Articles of Incorporation to effectuate a reverse stock split (the “Reverse Split”) of the Corporation’s common stock, par value $0.001 per share (the “Common Stock”) affecting both the authorized and issued and outstanding number of such shares by a ratio of 9.9 for 1. The Reverse Split became effective in the State of Nevada on December 16, 2014. Subsequent to the December 31, 2014, the Board of directors and the holders of a majority of the voting power of our stockholders of the company have approved an amendment to articles of incorporation to increase its authorized shares of Common Stock from 17,171,716 to 22,727,272. The Board of directors and the holders of a majority of the voting power of our stockholders of the company have approved an amendment to articles of incorporation to increase its authorized shares of Common Stock from 22,727,272 to 27,000,000 and the amendment was filed on December 28, 2016. The Board of directors and the holders of a majority of the voting power of our stockholders of the company have approved an amendment to articles of incorporation to increase its authorized shares of Common Stock from 27,000,000 to 50,000,000 and the amendment was filed on August 24, 2018 with an effective date of August 25, 2018. During the year ended December 31, 2018, the Company (i) issued 1,167,502 shares of employees and directors at fair value of $1.00 to $3.45 per share for $1,454,352 for employee compensation; (ii) issued 500,800 shares of common stock valued to professionals at fair value of $1 per share for $500,800 for service compensation; (iii) issued 4,074,979 shares of common stock ranging from $1.40 to $5.15 amounting to $12,053,844 as collateral to secure trade and loan facilities, and the shares issued by the Company were valued at the trading price of the stock on the date the shares were issued; and (iv) 892,735 shares of common stock issued for $0 as top up securities for debts loans. During the year ended December 31, 2019, the Company (i) issued 535,598 shares of common stock valued to employees and directors at ranging from $1 to $1.56 per share for $576,170 for employee compensation; (ii) issued 16,032,262 shares of common stock valued to professionals and contractors ranging from $ 0.55 to $1.00 per share for $9,723,720 for service compensation; and (iii) issued 3,935,439 shares of common stock valued at $ 0.30 to $ 0.50 per share for 1,478,029 for settlement of debts. The Company has 49,866,174 and 29,362,875 shares of common stock issued and outstanding as of December 31, 2019 and 2018, respectively.

OBLIGATION UNDER OPERATING LEAS

OBLIGATION UNDER OPERATING LEASES	12 Months Ended
	Dec. 31, 2019
OBLIGATION UNDER OPERATING LEASES
OBLIGATION UNDER OPERATING LEASES	24. OBLIGATION UNDER OPERATING LEASES The Company leases (i) 2,178 square feet of agriculture space used for offices for a monthly rent of $ 812 in Enping City, Guangdong Province, P.R.C., its lease expiring on March 31, 2021; and (ii) 2,695 square feet of office space in Guangzhou City, Guangdong Province, P.R.C. for a monthly rent of $ 3,022, its lease expiring on July 8, 2020. Lease expenses were $11,121 and $140,132 for the years ended December 31, 2019 and 2018, respectively. The future minimum lease payments as of December 31, 2020, are as follows: Within 1 year $ 65,324 2 to 5 years 52,351 Over 5 years — $ 117,675

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2019
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	25 . STOCK BASED COMPENSATION On May 10, 2016, the Company issued directors and employees a total of 1,199,068 shares of common stock valued at fair value of $5.98 per share for services rendered to the Company. The fair values of the common stock issued were determined by using the trading price of the Company’s common stock on the date of issuance of $5.98 per share. On the same date, the Company issued professionals a total of 132,787 shares of common stock valued at fair value of $5.98 per share for services rendered to the Company. The fair values of the common stock issued were determined by using the trading price of the Company’s common stock on the date of issuance of $5.98 per share. The Company calculated stock based compensation of $7,965,624 and recognized $4,345,993 for the year ended December 31, 2016. As of December 31, 2016, the deferred compensation balance for staff was $3,982,813 and the deferred compensation balance of $3,982,813 was to be amortized over 6 months beginning on January 1, 2018. On June 30, 2018, the Company issued employees total of 117,000 shares of common stock valued at fair value of $3.45 per share for services rendered to the Company. The fair values of the common stock issued were determined by using the trading price of the Company’s common stock on the date of issuance of $3.45 per share. On December 31, 2018, the Company issued employees total of 500,800 shares of common stock valued at fair value of $1 per share for services rendered to the Company. The fair values of the common stock issued were determined by using the trading price of the Company’s common stock on the date of issuance of $3.45 per share. On December 31, 2018, the Company issued employees total of 1,050,502 shares of common stock valued at fair value of $1 per share for services rendered to the Company. The fair values of the common stock issued were determined by using the trading price of the Company’s common stock on the date of issuance of $1 per share. As of December 31, 2019, the deferred compensation balance for staff was $0 and $2,101,825 were to be amortized over 6 months and 1 year, respectively beginning on January 1, 2019.

CONTINGENCIES

CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
CONTINGENCIES
CONTINGENCIES	26 . CONTINGENCIES On March 26, 2019, a shareholder derivative complaint was filed in the United States District Court for the Southern District of New York against the Company, as well as four of its current directors. The Complaint alleges violations of securities law and state law, breaches of fiduciary duties (including gross mismanagement of the Company) by the individual defendants, a material default of its obligations under a commercial loan agreement, misleading and false statements (including material omissions) by the individual defendants, and unauthorized issuance of new shares of Common Stock to pay debts that, in the view of the plantiffs, has diluted shareholder ownership and oppressed shareholders of the Company. The Company and the individual defendants believe that these claims are without merit and intend to vigorously defend against the Complaint. Management does not currently believe that such claim and proceeding are likely, individually or in aggregate, to have a material adverse effect on the financial condition of the Company. On September 22, 2015, the Company entered into a trade facility agreement with two independent third parties. Pursuant to the agreement, the Company provides collateral in the form of Company’s common shares to a PRC based lender (the "Lender") and the Lender agrees to provide a revolving trade facility loan up to $20,000,000 to a PRC based borrower. The arrangement was commenced on February 15, 2016 and will be expired on September 15, 2019. As of December 31, 2019, the Company has issued aggregate 5,708,312 common shares as collateral and the trade facility line reduced to $13 million.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	27. RELATED PARTY TRANSACTIONS In addition to the transactions and balances as disclosed elsewhere in these consolidated financial statements, during the years ended December 31, 2019 and 2018, the Company had the following significant related party transactions:- Name of related party Nature of transactions Mr. Solomon Yip Kun Lee, Chairman Included in due to a director, due to Mr. Solomon Yip Kun Lee is $1,165,621 and $2,046,499 as of December 31, 2019 and 2018, respectively. The amounts are unsecured, interest free and have no fixed terms of repayment. Tri-Way Industries Limited (“TRW”) Unconsolidated equity investee Included in interest in unconsolidated equity investee, due from Tri-Way Industries Limited is $59,413,091 and $57,354,208 as of December 31, 2019 and December 31, 2018, respectively. The amounts are unsecured, interest free and have no fixed terms of repayment. Included in accounts receivable due from Tri-Way Industries Limited is $39,321,639 and $60,799,365 as of December 31, 2019 and December 31, 2018, respectively. The amounts are unsecured, interest free and have no fixed terms of repayment. The Company has revenue of consulting income of $1,719,247 and $11,127,393 from Tri-Way Industries Limited for the year ended December 31, 2019 and 2018, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	28. EARNINGS PER SHARE Basic earnings per share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution of securities by including other potential common stock, including convertible preferred stock, stock options and warrants, in the weighted average number of common shares outstanding for the year, if dilutive. The numerators and denominators used in the computations of basic and dilutive earnings per share are presented in the following table: 2019 2018 BASIC Numerator for basic earnings per share attributable to the Company’s common stockholders: Net income used in computing basic earnings per share (10,342,267) $ 17,323,337 Basic earnings per share (0.21) $ 0.46 Basic weighted average shares outstanding 49,963,607 37,336,164 2019 2018 DILUTED Numerator for basic earnings per share attributable to the Company’s common stockholders: Net income used in computing diluted earnings per share (10,342,267) $ 17,323,337 Diluted earnings per share (0.21) $ 0.46 Diluted weighted average shares outstanding 49,963,607 37,336,164

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
FISCAL YEAR	2. 1 FISCAL YEAR The Company has adopted December 31 as its fiscal year end.
REPORTING ENTITIES	2. 2 REPORTING ENTITIES Name of subsidiaries Place of incorporation Percentage of interest* Principal activities Capital Award Inc. (“CA”) Belize 100% (2019: 100%) directly Fishery development and holder of A-Power Technology master license. Capital Hero Inc. (“CS”) Belize 100% (2019: 100%) indirectly Dormant Capital HeroInc. (“CH”)Capital Stage Inc. (CH) Belize 100% (2019: 100%) indirectly Dormant Capital Stage Inc.(CS) Macau Eiji Company Limited (“MEIJI”) Macau, P.R.C. 100% (2019: 100%) directly Investment holding, cattle farm development, beef cattle and beef trading Sino Agro Food Sweden AB (“SAFS”). Sweden 100% (2019: 100%) directly Dormant: Dissolved 31 st December A Power Agro Agriculture Development (Macau) Limited (“APWAM”) Macau, P.R.C. 100% (2019: 100%) directly Investment holding Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd (“JHST”) P.R.C. 75% (2019: 75%) Indirectly HylocereusUndatus Plantation (“HU Plantation”). Jiang Men City Hang Mei Cattle Farm Development Co., Limited (“JHMC”) P.R.C. 75% (2019:75%) indirectly Beef cattle cultivation Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) P.R.C. 76% (2019:76%) indirectly Manufacturing of organic fertilizer, livestock feed, and beef cattle and sheep cultivation, and plantation of crops and pastures Name of associate (investee) Place of incorporation Percentage of interest* Principal activities Qinghai Sanjiang A Power Agriculture Co., Ltd (“SJAP”) P.R.C. 41.25% (2019: 41.25)% indirectly Manufacturing of organic fertilizer, livestock feed, and beef cattle Tri-way Industries Limited Hong Kong, P.R.C. 36.6% (2019: 36.6)% directly A-Power Technology license (P.R.C.) Sales and marketing of fishery production & products.
BASIS OF PRESENTATION	2. 3 BASIS OF PRESENTATION The consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“ US GAAP ”).
BASIS OF CONSOLIDATION	2. 4 BASIS OF CONSOLIDATION The consolidated financial statements include the financial statements of the Company, its subsidiaries CA, CS, CH, MEIJI, JHST, JHMC, HSA, APWAM, SAFS and its variable interest entity SJAP. All material inter-company transactions and balances have been eliminated in consolidation. SIAF, CA, CS, CH, MEIJI, JHST, JHMC, HSA, APWAM, SAFS, and SJAP are hereafter referred to as (the “Company”).
BUSINESS COMBINATION	2. 5 BUSINESS COMBINATION The Company adopted the accounting pronouncements relating to business combination (primarily contained in ASC Topic 805 “Business Combinations”), including assets acquired and liabilities assumed on arising from contingencies. These pronouncements established principles and requirement for how the acquirer of a business recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquisition as well as provides guidance for recognizing and measuring the goodwill acquired in the business combination and determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. In addition, these pronouncements eliminate the distinction between contractual and non-contractual contingencies, including the initial recognition and measurement criteria and require an acquirer to develop a systematic and rational basis for subsequently measuring and accounting for acquired contingencies depending on their nature. The Company’s adoption of these pronouncements will have an impact on the manner in which it accounts for any future acquisitions.
NON - CONTROLLING INTEREST IN CONSOLIDATED FINANCIAL STATEMENTS	2. 6 NON - CONTROLLING INTEREST IN CONSOLIDATED FINANCIAL STATEMENTS The Company adopted the accounting pronouncement on non-controlling interests in consolidated financial statements, which establishes accounting and reporting standards for the non-controlling interest in a subsidiary and for the deconsolidation of a subsidiary. This guidance is primarily contained in ASC Topic “Consolidation.” It clarifies that a non-controlling interest in a subsidiary is an ownership interest in the consolidated financial statements. The adoption of this standard has not had material impact on the Company’s consolidated financial statements.
USE OF ESTIMATES	2. 7 USE OF ESTIMATES The preparation of consolidated financial statements in conformity with US GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods covered thereby. Actual results could differ from these estimates. Judgments and estimates of uncertainties are required in applying the Company’s accounting policies in certain areas. The following are some of the areas requiring significant judgments and estimates: determinations of the useful lives of assets, estimates of allowances for doubtful accounts, cash flow and valuation assumptions in performing asset impairment tests of long-lived assets, estimates of the realization of deferred tax assets and inventory reserves.
REVENUE RECOGNITION	2. 8 REVENUE RECOGNITION In May 2014, the FASB issued Accounting Standard Update 2014‑09, Revenue from Contracts with Customers (Topic 606), which replaces numerous requirements in U.S. GAAP, including industry specific requirements, and provides a single revenue recognition model for recognizing revenue from contracts with customers. The Company adopted this standard effective January 1, 2018. The core principle of the new standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The Company’s revenues generated mainly from trading of frozen food and sales of agricultural products are recognized at a point in time. The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The application of the five-step model to the revenue streams compared to the prior guidance did not result in significant changes in the way the Company records its revenues. Multiple-Element Arrangements To qualify as a separate unit of accounting under ASC 605‑25 “ Multiple Element Arrangements ”, the delivered item must have value to the customer on a standalone basis. The significant deliverables under the Company’s multiple-element arrangements are consulting and service under development contract, commission and management service. Revenues from the Company’s consulting and services under development contracts are performed under fixed-price contracts. Revenues under long-term contracts are accounted for under the percentage-of-completion method of accounting in accordance with the Financial Accounting Standards Board (“ FASB ”) Accounting Standards Codification (“ ASC ”) Topic 605, Revenue Recognition (“ASC 605”). Under the percentage-of-completion method, the Company estimates profit as the difference between total estimated revenue and total estimated cost of a contract and recognize that profit over the contract term. The percentage of costs incurred determines the amount of revenue to be recognized. Payment terms are generally defined by the installation contract and as a result may not match the timing of the costs incurred by the Company and the related recognition of revenue. Such differences are recorded as either costs or estimated earnings in excess of billings on uncompleted contracts or billings in excess of costs and estimated earnings on uncompleted contracts. The Company determines a customer’s credit worthiness at the time an order is accepted. Sudden and unexpected changes in a customer’s financial condition could put recoverability at risk. The percentage of completion method requires the ability to estimate several factors, including the ability of the customer to meet its obligations under the contract, including the payment of amounts when due. If the Company determines that collectability is not assured, the Company will defer revenue recognition and use methods of accounting for the contract such as the completed contract method until such time as the Company determines that collectability is reasonably assured or through the completion of the project. For fixed-price contracts, the Company uses the ratio of costs incurred to date on the contract to management’s estimate of the contract’s total costs, to determine the percentage of completion on each contract. This method is used as management considers expended costs to be the best available measure of progression of these contracts. Contract costs include all direct material, subcontract and labor costs and those indirect costs related to contract performance, such as supplies, tool repairs and depreciation. The Company accounts for maintenance and repair services under the guidance of ASC 605 as the services provided relate to construction work. Contract costs incurred to date and expected total contract costs are continuously monitored during the term of the contract. Changes in job performance, job conditions, and estimated profitability arising from contract penalty, change orders and final contract settlements may result in revisions to the estimated profit ability during the contract. These changes, which include contracts with estimated costs in excess of estimated revenues, are recognized as contract costs in the period in which the revisions are determined. Profit incentives are included in revenues when their realization is reasonably assured. At the point the Company anticipates a loss on a contract, the Company estimates the ultimate loss through completion and recognizes that loss in the period in which the loss was identified. The Company does not provide warranties to customers on a basis customary to the industry, however, customers can claim warranty directly from product manufacturers for defects in equipment or products. Historically, the Company has experienced no warranty claims. The Company provides various management services to its customers in the P.R.C. based on a negotiated fixed-price contract. The clients usually pay the fees when the services contract is signed and services are rendered. The Company recognizes these services-based revenues from contracts when (i) management services are rendered; (ii) clients recognize the completion of services; and (iii) collectability is reasonably assured. Fees received in advance are recorded as deferred revenue under current liabilities.
COST OF GOODS SOLD AND COST OF SERVICES	2. 9 COST OF GOODS SOLD AND COST OF SERVICES Cost of goods sold consists primarily of direct purchase cost of merchandise goods, and related levies. Cost of services consist primarily direct cost and indirect cost incurred to date for development contracts and provision for anticipated losses for development contracts.
SHIPPING AND HANDLING	2. 10 SHIPPING AND HANDLING Shipping and handling costs related to cost of goods sold are included in general and administrative expenses, which totaled $156,103 and $26,129 for the years ended December 31, 2019 and 2018, respectively.
ADVERTISING	2. 11 ADVERTISING Advertising costs are included in general and administrative expenses, which totaled $956,056, and $1,541,484 for the years ended December 31, 2019 and 2018, respectively.
RESEARCH AND DEVELOPMENT EXPENSES	2. 12 RESEARCH AND DEVELOPMENT EXPENSES Research and development expenses are included in general and administrative expenses, which totaled $855,167 and $453,378 for the years ended December 31, 2019 and 2018, respectively.
FOREIGN CURRENCY TRANSLATION AND OTHER COMPREHENSIVE INCOME	2. 13 FOREIGN CURRENCY TRANSLATION AND OTHER COMPREHENSIVE INCOME The reporting currency of the Company is the U.S. dollars. The functional currency of the Company is the Chinese Renminbi (RMB). For those entities whose functional currency is other than the U.S. dollars, all assets and liabilities are translated into U.S. dollars at the exchange rate on the balance sheet date; shareholders’ equity is translated at historical rates and items in the statements of income and of cash flows are translated at the average rate for the period. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported in the statements of cash flows will not necessarily agree with changes in the corresponding balances in the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of shareholders’ equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the statements of income and comprehensive income, as incurred. Accumulated other comprehensive income in the consolidated statement of shareholders’ equity amounted to $14,747,757 as of December 31, 2019 and $10,415,786 as of December 31, 2019. The balance sheet amounts with the exception of equity as of December 31, 2019 and December 31, 2019 were translated using an exchange rate of RMB 6.98 to $1.00 and RMB RMB 6.86 to $1.00, respectively. The average translation rates applied to the statements of income and other comprehensive income and of cash flows for the years ended December 31, 2019 and 2018 were RMB 6.87 to $1.00 and RMB 6.61 to $1.00, respectively.
CASH AND CASH EQUIVALENTS	2. 14 CASH AND CASH EQUIVALENTS The Company considers all highly liquid securities with original maturities of three months or less when acquired to be cash equivalents. Cash and cash equivalents kept with financial institutions in the P.R.C. are not insured or otherwise protected. Should any of those institutions holding the Company’s cash become insolvent, or should the Company become unable to withdraw funds for any reason, the Company could lose the cash on deposit with that institution.
ACCOUNTS RECEIVABLE	2. 15 ACCOUNTS RECEIVABLE The Company maintains reserves 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. Reserves are recorded primarily on a specific identification basis. The standard credit period for most of the Company’s clients is three months. The collection period over 1 year is classified as long-term accounts receivable. Management evaluates the collectability of the receivables at least quarterly.
INVENTORIES	2. 16 INVENTORIES Inventories are valued at the lower of cost (determined on a weighted average basis) and net realizable value. Costs incurred in bringing each product to its location and conditions are accounted for as follows: (a) raw materials - purchase cost on a weighted average basis; (b) manufactured finished goods and work-in-progress - cost of direct materials and labor and a proportion of manufacturing overhead based on normal operation capacity but excluding borrowing costs; and (c) retail and wholesale merchandise finished goods - purchase cost on a weighted average basis. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs for completion and the estimated costs necessary to make the sale.
PLANT AND EQUIPMENT	2. 17 PLANT AND EQUIPMENT Plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. Such costs include the cost of replacing parts that are eligible for capitalization when the cost of replacing the parts is incurred. Similarly, when each major inspection is performed, its cost is recognized in the carrying amount of the plant and equipment as a replacement only if it is eligible for capitalization. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year end. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Plant and machinery 5 - 10 years Structure and leasehold improvements 10 - 30 years Mature seeds and herbage cultivation 20 years Furniture and equipment 2.5 - 10 years Motor vehicles 4 - 10 years An item of plant and equipment is removed from the accounts upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on disposal of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the item) is included in the consolidated statements of income in the period the item is disposed.
GOODWILL	2. 18 GOODWILL Goodwill is an asset representing the fair economic benefits arising from other assets acquired in a business combination that are not individually identified or separately recognized. Goodwill is tested for impairment on an annual basis at the end of the Company’s fiscal year, or when impairment indicators arise. The Company uses a fair-value-based approach to test for impairment at the level of each reporting unit. The Company directly acquired MEIJI, which is the holding company of JHST that operates the Hu Plantation. As a result of this acquisition, the Company recorded goodwill in the amount of $724,940. This goodwill represents the fair value of the assets acquired in these acquisitions over the cost of the assets acquired.
PROPRIETARY TECHNOLOGIES	2. 19 PROPRIETARY TECHNOLOGIES A master license of stock feed manufacturing technology was acquired and the costs of acquisition are capitalized as proprietary technologies when technological feasibility has been established. Cost of acquisition of stock feed manufacturing technology master license is amortized using the straight-line method over its estimated life of 25 years. An aromatic cattle-feeding formula was acquired and the costs of acquisition are capitalized as proprietary technologies when technological feasibility has been established. Cost of acquisition on aromatic cattle-feeding formula is amortized using the straight-line method over its estimated life of 20 years. The cost of sleepy cods breeding technology license is capitalized as proprietary technologies when technological feasibility has been established. Cost of granting sleepy cods breeding technology license is amortized using the straight-line method over its estimated life of 25 years. Bacterial cellulose technology license and related trade mark are capitalized as proprietary technologies when technological feasibility has been established. Cost of license and related trade mark is amortized using the straight-line method over its estimated life of 20 years. The Company has determined that technological feasibility is established at the time a working model of products is completed. Proprietary technologies are intangible assets of finite lives. Management evaluates the recoverability of proprietary technologies on an annual basis at the end of the Company’s fiscal year, or when impairment indicators arise. As required by ASC Topic 350 “Intangible - Goodwill and Other”, the Company uses a fair-value-based approach to test for impairment.
CONSTRUCTION IN PROGRESS	2. 20 CONSTRUCTION IN PROGRESS Construction in progress represents direct costs of construction as well as acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to property and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided until construction is completed and the asset is ready for its intended use.
LAND USE RIGHTS	2. 21 LAND USE RIGHTS Land use rights represent acquisition of rights to agricultural land from farmers and are amortized on the straight-line basis over their respective lease periods. The lease period of agricultural land is in the range from 10 to 60 years. Land use rights purchase prices were determined in accordance with the P.R.C. Government’s minimum lease payments on agricultural land and mutually agreed to terms between the Company and the vendors.
EQUITY METHOD INVESTMENTS	2. 22 EQUITY METHOD INVESTMENTS Investee entities in which the company can exercise significant influence, but not control, are accounted for under the equity method of accounting. Under the equity method of accounting, the company’s share of the earnings or losses of these companies is included in net income. A loss in value of an investment that is other than a temporary decline is recognized as a charge to operations. Evidence of a loss in value might include, but would not necessarily be limited to absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment.
CORPORATE JOINT VENTURE	2. 23 CORPORATE JOINT VENTURE A corporation formed, owned, and operated by two or more businesses as a separate and discrete business or project (venture) for their mutual benefit is considered to be a corporate joint venture. Investee entities, in which the Company can exercise significant influence, but not control, are accounted for under the equity method of accounting. Under the equity method of accounting, the Company’s share of the earnings or losses of these companies is included in net income. A loss in value of an investment that is other than a temporary decline is recognized as a charge to operations. Evidence of a loss in value might include, but would not necessarily be limited to, the absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment.
VARIABLE INTEREST ENTITY	2. 24 VARIABLE INTEREST ENTITY A variable interest entity (“ VIE ”) is an entity (investee) in which the investor has obtained less than a majority interest, according to the Financial Accounting Standards Board (FASB). A VIE is subject to consolidation if a VIE meets one of the following three criteria as elaborated in ASC Topic 810‑10, Consolidation: (a) equity-at-risk is not sufficient to support the entity’s activities; (b) as a group, the equity-at-risk holders cannot control the entity; or (c) the economics do not coincide with the voting interest. If a firm is the primary beneficiary of a VIE, the holdings must be disclosed on the balance sheet. The primary beneficiary is defined as the person or company with the majority of variable interests. A corporation formed, owned, and operated by two or more businesses (ventures) as a separate and discrete business or project (venture) for their mutual benefit is defined as a joint venture.
TREASURY STOCK	2. 25 TREASURY STOCK Treasury stock means shares of a corporation’s own stock that have been issued and subsequently reacquired by the corporation. Converting outstanding shares to treasury shares does not reduce the number of shares issued but does reduce the number of shares outstanding. These shares are not eligible to receive dividends. Accounting for excesses and deficiencies on treasury stock transactions is governed by ASC 505‑30‑30. State laws and federal agencies closely regulate transactions involving a company’s own capital stock, so the purchase of outstanding shares must have a legitimate purpose. Some of the most common reasons for purchasing outstanding shares are as follows: (a) to meet additional stock needs for various reasons, including newly implemented stock option plans, stock for convertible bonds or convertible preferred stock, or a stock dividend. (b) to make more shares available for acquisitions of other entities. The cost method of accounting for treasury shares has been adopted by the Company. The purchase of outstanding shares and thus converting them into treasury shares is treated as a temporary reduction in shareholders’ equity in view of the expectation to reissue the shares instead of retiring them. When the Company reissues the treasury shares, the temporary account is eliminated. The cost of acquiring outstanding shares for converting into treasury shares is charged to a contra account, in this case a contra equity account that reduces the stockholder equity balance.
INCOME TAXES	2. 26 INCOME TAXES The Company accounts for income taxes under the provisions of ASC Topic 740 “Accounting for Income Taxes.” Under ASC Topic 740, deferred tax assets and liabilities are determined based on the difference between the financial statement carrying amounts and the tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The provision for income tax is based on the results for the year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences, and deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred income taxes are calculated at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. ASC Topic 740 also prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken, or for one expected to be taken, in a tax return. ASC Topic 740 also provides guidance related to, among other things, classification, accounting for interest and penalties associated with tax positions, and disclosure requirements. Any interest and penalties accrued related to unrecognized tax benefits will be recorded as tax expense.
POLITICAL AND BUSINESS RISK	2. 27 POLITICAL AND BUSINESS RISK The Company’s operations are carried out in the P.R.C. Accordingly, the political, economic and legal environment in the P.R.C. may influence the Company’s business, financial condition and results of operations by the general state of the P.R.C.’s economy. The Company’s operations in the P.R.C. are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.
CONCENTRATION OF CREDIT RISK	2. 28 CONCENTRATION OF CREDIT RISK Cash includes cash at banks and demand deposits in accounts maintained with banks within the P.R.C. Total cash in these banks as of December 31, 2019 and 2018 amounted to $185,895 and $4,950,799, respectively, none of which is covered by insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks to its cash in bank accounts. The Company had 5 major customers (A, B, C, D and E) whose business individually represented the following percentages of the Company’s total revenue for the period indicated: 2019 2018 Customer A 32.30 % 31.65 % Customer B 25.17 % 21.33 % Customer C 16.54 % 16.68 % Customer D 6.08 % Customer E — 7.85 % Customer F 3.62 % 5.68 % 83.71 % 83.19 % Percentage of revenue Amount Customer A Corporate Division 32.30 % $ 43,798,678 Customer B Cattle Farm Development and HU Plantation Division 25.17 % $ 34,062,095 Customer C Corporate Division 16.54 % $ 22,433,555 Accounts receivable are derived from revenue earned from customers located primarily in the P.R.C. The Company performs ongoing credit evaluations of customers and has not experienced any material losses to date. The Company had 5 major customers whose accounts receivable balance individually represented the following percentages of the Company’s total accounts receivable: 2019 2018 Customer A 39.91 % 12.76 % Customer B 16.11 % 9.67 % Customer C 14.66 % 10.05 % Customer D 11.66 % 59.81 % Customer E 8.43 % 1.8 % Customer F — % 90.77 % 94.09 % As of December 31, 2019, amounts due from customers A, B and C are $39,321,639, $15,871,509 and $14,446,680 respectively. The Company has not experienced any significant difficulty in collecting its accounts receivable in the past and is not aware of any financial difficulties of its major customers.
IMPAIRMENT OF LONG-LIVED ASSETS AND INTANGIBLE ASSETS	2. 29 IMPAIRMENT OF LONG-LIVED ASSETS AND INTANGIBLE ASSETS In accordance with ASC Topic 360, “Property, Plant and Equipment,” long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The Company reviews the carrying amount of its long-lived assets, including intangibles, for impairment, during each reporting period. An asset is considered impaired when estimated future cash flows are less than the carrying amount of the asset. In the event the carrying amount of such asset is considered not recoverable, the asset is adjusted to its fair value. Fair value is generally determined based on discounted future cash flow. As of December 31, 2019 and 2018, the Company determined no impairment losses were necessary.
EARNINGS PER SHARE	2. 30 EARNINGS PER SHARE As prescribed in ASC Topic 260 “ Earnings per Share, ” Basic Earnings per Share (“ EPS ”) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year. Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrants. The effect of stock options on diluted EPS is determined through the application of the treasury stock method, whereby proceeds received by the Company based on assumed exercises are hypothetically used to repurchase the Company’s common stock at the average market price during the period. ASC 260‑10‑55 requires that stock dividends or stock splits be accounted for retroactively if the stock dividends or stock splits occur during the year, or retroactively if the stock dividends or stock splits occur after the end of the period but before the release of the financial statements, by considering it outstanding of the entirety of each period presented. Dilution is computed by applying the treasury stock method. Under this 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 year. For the years ended December 31, 2019 and 2018, basic earnings (loss) per share attributable to Sino Agro Food, Inc. and subsidiaries common stockholders amounted to $(0.21), and $0.46, respectively. For the years ended December 31, 2019 and 2018, diluted earnings (loss) per share attributable to Sino Agro Food, Inc. and its subsidiaries’ common stockholders amounted to $(0.21), and $0.46, respectively.
ACCUMULATED OTHER COMPREHENSIVE INCOME	2. 31 ACCUMULATED OTHER COMPREHENSIVE INCOME ASC Topic 220 “ Comprehensive Income ” establishes standards for reporting and displaying comprehensive income and its components in financial statements. Comprehensive income is defined as the change in stockholders’ equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The comprehensive income for all periods presented includes both the reported net income and net change in cumulative translation adjustments.
RETIREMENT BENEFIT COSTS	2. 32 RETIREMENT BENEFIT COSTS P.R.C. state managed retirement benefit programs are defined contribution plans and the payments to the plans are charged as expenses when employees have rendered service entitling them to the contribution made by the employer.
STOCK-BASED COMPENSATION	2. 33 STOCK -BASED COMPENSATION The Company has adopted both ASC Topic 718, “Compensation - Stock Compensation” and ASC Topic 505‑50, “Equity-Based Payments to Non - Employees” using the fair value method in which an entity issues its equity instruments to acquire goods and services from employees and non-employees. Stock compensation for stock granted to non-employees has been determined in accordance with this accounting standard and the accounting standard regarding accounting for equity instruments that are issued to other than employees for acquiring, or in conjunction with selling goods or services, as the fair value of the consideration received or the fair value of equity instruments issued, whichever is more reliably measured. This accounting standard allows the “simplified” method to determine the term of employee options when other information is not available. Under ASC Topic 718 and ASC Topic 505‑50, stock compensation expenses is measured at the grant date on the value of the option or restricted stock and is recognized as expenses, less expected forfeitures, over the requisite service period, which is generally the vesting period.
FAIR VALUE OF FINANCIAL INSTRUMENTS	2. 34 FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows paragraph 825‑10‑50‑10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820‑10‑35‑37 of the FASB Accounting Standards Codification (“Paragraph 820‑10‑35‑37”) to measure the fair value of its financial instruments. Paragraph 820‑10‑35‑37 establishes a framework for measuring fair value under U.S. GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820‑10‑35‑37 establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820‑10‑35‑37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial instruments consist principally of cash, accounts receivable, Deposits and prepayments, accounts payable and accrued expenses, other payables, due to a director and income tax payables. The carrying amounts of such financial instruments in the accompanying condensed consolidated balance sheet approximate their fair values due to their relatively short-term nature. The Company’s long-term borrowing, promissory notes and convertible notes payable approximates the fair value of such instrument based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangement at December 31, 2019. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. The Company revalues its derivative liability at every reporting period and recognizes gains or losses in the consolidated statement of income and other comprehensive income that are attributable to the change in the fair value of the derivative liability. The Company has no other assets or liabilities measured at fair value on a recurring basis.
RECENT ACCOUNTING PRONOUNCEMENTS	2. 35 RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016‑02, Leases, which aims to make leasing activities more transparent and comparable and requires substantially all leases be recognized by lessees on their balance sheet as a right-of-use asset and corresponding lease liability, including leases currently accounted for as operating leases. This ASU is effective for all interim and annual reporting periods beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact that the adoption of ASU 2016‑02 will have on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU 2018‑07—Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This ASU is effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. The Company is currently evaluating the impact that the adoption of this ASU will have on its consolidated financial statements and related disclosures.
RECLASSIFICATION	2. 36 RECLASSIFICATION Certain balances have been reclassified in the December 31, 2018 consolidated balance sheet and the consolidated statement of cash flows on a basis consistent with the financial statements as of and for the year ended December 31, 2019.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule Of Subsidiary and Variable Interest Entity	Name of subsidiaries Place of incorporation Percentage of interest* Principal activities Capital Award Inc. (“CA”) Belize 100% (2019: 100%) directly Fishery development and holder of A-Power Technology master license. Capital Hero Inc. (“CS”) Belize 100% (2019: 100%) indirectly Dormant Capital HeroInc. (“CH”)Capital Stage Inc. (CH) Belize 100% (2019: 100%) indirectly Dormant Capital Stage Inc.(CS) Macau Eiji Company Limited (“MEIJI”) Macau, P.R.C. 100% (2019: 100%) directly Investment holding, cattle farm development, beef cattle and beef trading Sino Agro Food Sweden AB (“SAFS”). Sweden 100% (2019: 100%) directly Dormant: Dissolved 31 st December A Power Agro Agriculture Development (Macau) Limited (“APWAM”) Macau, P.R.C. 100% (2019: 100%) directly Investment holding Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd (“JHST”) P.R.C. 75% (2019: 75%) Indirectly HylocereusUndatus Plantation (“HU Plantation”). Jiang Men City Hang Mei Cattle Farm Development Co., Limited (“JHMC”) P.R.C. 75% (2019:75%) indirectly Beef cattle cultivation Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) P.R.C. 76% (2019:76%) indirectly Manufacturing of organic fertilizer, livestock feed, and beef cattle and sheep cultivation, and plantation of crops and pastures Name of associate (investee) Place of incorporation Percentage of interest* Principal activities Qinghai Sanjiang A Power Agriculture Co., Ltd (“SJAP”) P.R.C. 41.25% (2019: 41.25)% indirectly Manufacturing of organic fertilizer, livestock feed, and beef cattle Tri-way Industries Limited Hong Kong, P.R.C. 36.6% (2019: 36.6)% directly A-Power Technology license (P.R.C.) Sales and marketing of fishery production & products.
Schedule Of Property Plant Equipment Useful Life	Plant and machinery 5 - 10 years Structure and leasehold improvements 10 - 30 years Mature seeds and herbage cultivation 20 years Furniture and equipment 2.5 - 10 years Motor vehicles 4 - 10 years
Schedule of Concentration of Risk, by Risk Factor	The Company had 5 major customers (A, B, C, D and E) whose business individually represented the following percentages of the Company’s total revenue for the period indicated: 2019 2018 Customer A 32.30 % 31.65 % Customer B 25.17 % 21.33 % Customer C 16.54 % 16.68 % Customer D 6.08 % Customer E — 7.85 % Customer F 3.62 % 5.68 % 83.71 % 83.19 % Percentage of revenue Amount Customer A Corporate Division 32.30 % $ 43,798,678 Customer B Cattle Farm Development and HU Plantation Division 25.17 % $ 34,062,095 Customer C Corporate Division 16.54 % $ 22,433,555 Accounts receivable are derived from revenue earned from customers located primarily in the P.R.C. The Company performs ongoing credit evaluations of customers and has not experienced any material losses to date. The Company had 5 major customers whose accounts receivable balance individually represented the following percentages of the Company’s total accounts receivable: 2019 2018 Customer A 39.91 % 12.76 % Customer B 16.11 % 9.67 % Customer C 14.66 % 10.05 % Customer D 11.66 % 59.81 % Customer E 8.43 % 1.8 % Customer F — % 90.77 % 94.09 %

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
SEGMENT INFORMATION
Schedule of Segment Reporting Information, by Segment	The Company establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as business segments and major customers in consolidated financial statements. The Company operates in five principal reportable segments: Fishery Development Division, HU Plantation Division, Organic Fertilizer and Bread Grass Division, Cattle Farm Development Division and Corporate and Others Division. 2019 Fishery Organic Fertilizer Cattle Farm Development HU Plantation and Bread Grass Development Corporate and Division(1) Division (2) Division (3) Division (4) others (5) Total Revenue $ 1,719,247 4,585,603 26,870,196 36,191,035 66,232,233 $ 135,598,314 Net income (loss) $ (15,636,840) (1,963,012) (3,630,581) (2,276,309) 13,164,475 $ (10,342,267) Total assets $ 62,172,772 47,355,810 103,086,572 84,962,290 355,826,381 $ 653,403,825 2018 Fishery Organic Fertilizer Cattle Farm Development HU Plantation and Bread Grass Development Corporate and Division(1) Division (2) Division (3) Division (4) others (5) Total Revenue $ 11,127,393 $ 3,617,249 $ 28,909,768 $ 29,558,983 $ 68,457,170 $ 141,670,563 Net income (loss) $ 1,567,429 $ (33,037,306) $ (280,356) $ 3,491,893 $ 15,581,677 $ 17,323,337 Total assets $ 87,129,117 $ 43,484,157 $ 327,374,461 $ 42,288,332 $ 290,326,712 $ 790,602,779 Note (1) Operated by Capital Award, Inc. (“CA”). (2) Operated by Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”). (3) Operated by Qinghai Sanjiang A Power Agriculture Co., Limited (“SJAP”), A Power Agro Agriculture Development (Macau) Limited (“APWAM”), and Hunan Shenghua A Power Agriculture Co., Limited (“HSA”). On December 30, 2018 QZH was disposed to third party and derecognized as variable interest entity on the same date. (4) Operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited (“JHMC”) and Macau Eiji Company Limited (“MEIJI”). (5) Operated by Sino Agro Food, Inc. (“SIAF”) and Sino Agro Food Sweden AB (“SAFS”).
Schedule Of Further Analysis Of Revenue	Further analysis of revenue:- 2019 Organic Fishery Fertilizer and Cattle Farm Development HU Plantation Bread Grass Development Corporate and Division Division Division Division others Total Name of entity Sale of goods Capital Award, Inc. (CA) — Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd ("JHST") 4,585,603 4,585,603 Qinghai Sanjiang A Power Agriculture Co., Ltd ("SJAP") 11,286,153 11,286,153 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) 15,584,043 15,584,043 Macau Eiji Company Limited (“MEIJI”) 36,191,035 36,191,035 Sino Agro Food, Inc. ("SIAF") 66,232,233 66,232,233 Consulting and service income for development contracts Capital Award, Inc. (CA”) 1,719,247 — 1,719,247 4,585,603 26,870,196 36,191,035 66,232,233 135,598,314 Further analysis of revenue:- 2018 Organic Fishery Fertilizer and Cattle Farm Development HU Plantation Bread Grass Development Corporate and Division (1) Division (2) Division (3) Division (4) others (5) Total Name of entity Sale of goods Capital Award, Inc. (CA) $ — $ — $ — $ — $ — $ — Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”) — 3,617,249 — — — 3,617,249 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) — — 9,671,330 — — 9,671,330 Qinghai Sanjiang A Power Agriculture Co., Ltd (“SJAP”) — — 19,238,438 — — 192,384,383 Macau Eiji Company Limited (“MEIJI”) — — — 29,558,983 — 29,558,983 Sino Agro Food, Inc. (SIAF) — — — — 68,457,170 68,457,170 Consulting and service income for development contracts Capital Award, Inc. (“CA”) 11,127,393 — — — — 11,127,393 $ 11,127,393 $ 3,617,249 $ 28,909,768 $ 29,558,983 $ 68,457,170 $ 141,670,563 Further analysis of cost of goods sold and cost of services:- COST 2019 Organic Fishery HU Fertilizer and Cattle Farm Development Plantation Bread Grass Development Corporate Division Division Division Division and others Total Name of entity Sale of goods Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd ("JHST") 3,718,225 3,718,225 Qinghai Sanjiang A Power Agriculture Co., Ltd ("SJAP") 8,262,804 8,262,804 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) 13,271,460 13,271,460 Macau Eiji Company Limited (“MEIJI”) 29,284,786 29,284,786 Sino Agro Food, Inc. (SIAF) 58,864,686 58,864,686 Consulting and service income for development contracts Capital Award, Inc. ("CA") 1,590,017 1,590,017 3,718,225 21,534,264 29,284,786 58,864,686 113,401,961 Further analysis of cost of goods sold and cost of services (Continued):- COST OF GOODS SOLD 2018 Organic Fishery HU Fertilizer and Cattle Farm Corporate Development Plantation Bread Grass Development and others Division (1) Division (2) Division (3) Division (4) (5) Total Name of entity Sale of goods Capital Award, Inc. (“CA”) $ — $ — $ — $ — $ — $ — Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”) — 3,098,390 — — — 3,098,390 Hunan Shenghua A Power Agriculture Co., Limited (“HSA”) — — 6,894,335 — — 6,894,335 Qinghai Sanjiang A Power Agriculture Co., Limited (“SJAP”) — — 14,937,535 — — 14,937,535 Macau Eiji Company Limited (“MEIJI”) — — — 24,761,345 — 24,761,345 Sino Agro Food, Inc. (“SIAF”) — — — — 61,275,743 61,275,743 $ — $ 3,098,390 $ 21,831,870 $ 24,761,345 $ 61,275,743 $ 110,967,348 COST OF SERVICES 2018 Organic Fishery Fertilizer and Cattle Farm Corporate Development HU Plantation Bread Grass Development and others Division (1) Division (2) Division (3) Division (4) (5) Total Name of entity Consulting and service income for development contracts Capital Award, Inc. (“CA”) $ 9,051,408 $ — $ — $ — $ — $ 9,051,408 $ 9,051,408 $ — $ — $ — $ — $ 9,051,408

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
Schedule of provision of income taxes	Provision for income taxes is as follows: 2019 2018 SIAF $ — $ — SAFS CA, CH and CS MEIJI and APWAM JHST, JHMC, SJAP, QZH and HSA $

NET LOSS FROM DISPOSAL OF A V_2

NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY (Tables)	12 Months Ended
	Dec. 31, 2019
NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY
Schedule of Net Loss and Cash outflow from disposal of VIE , QZH	(a) Net loss from disposal of a variable interest entity, QZH Cash and cash equivalents $ 17,060 Inventories 4,567,530 Prepayments 2,692,571 Accounts receivables 16,403,731 Other receivables 1,855,971 Plant and equipment 3,888,987 Intangible assets 2,870 29,428,720 Less: Accounts payable (7,140,439) Other payables (5,811,425) Short term borrowings (1,530,456) Non-controlling interests (5,082,410) Accumulated exchange difference (498,347) Net assets and liabilities disposed as of December 30, 2018 $ 9,365,643 Satisfied by: Cash consideration $ — (b) Net cash outflow from disposal of a variable interest entity, QZH 2018 Cash and cash equivalents disposed of $ (17,060) Net cash outflow disposal of a variable interest entity, QZH $ (17,060)

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	12 Months Ended
	Dec. 31, 2019
CASH AND CASH EQUIVALENTS
Schedule of cash and cash equivalents	2019 2018 Cash and bank balances $ 185,895 $ 4,950,799

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2019
INVENTORIES
Schedule of inventories	As of December 31, 2019, inventories are as follows: 2019 2018 Bread grass $ 744,378 Beef cattle 11,561,117 Organic fertilizer 14,266,923 Forage for cattle and consumable 7,252,280 Raw materials for bread grass and organic fertilizer 18,885,258 Immature seeds 1,872,285 — $ 54,582,241

DEPOSITS AND PREPAYMENTS (Table

DEPOSITS AND PREPAYMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
DEPOSITS AND PREPAYMENTS
Schedule of Deposits and prepayments	2019 2018 Deposits for - purchases of equipment 2,037,425 $ 2,158,867 - acquisition of land use rights — 174,851 - inventories purchases 1,059,543 16,921,188 - construction in progress — 4,789,035 - issue of shares as collateral 24,402,175 24,928,324 Shares issued for employee compensation and overseas professional and bond interest — 643,457 Others 2,631,797 2,625,468 30,130,940 $ 52,241,190

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2019
ACCOUNTS RECEIVABLE
Schedule of accounts receivable	Aging analysis of accounts receivable is as follows: 2019 2018 0 - 30 days 9,746,096 $ 7,447,269 31 - 90 days 40,452,553 22,684,605 91 - 120 days 3,938,695 16,456,895 over 120 days and less than 1 year 5,777,425 11,773,454 over 1 year 38,613,820 43,289,908 98,528,589 $ 101,652,131

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
OTHER RECEIVABLES
Schedule of other receivables	2019 2018 Advanced to employees $ 255,174 $ 561,330 Advanced to suppliers 2,543,541 3,831,926 Advanced to customers 14,131,956 14,114,249 Advanced to developers — 453,155 Advanced to SJAP 76,404,954 — Others 2,229,752 9,346,866 $ 95,565,377 $ 28,307,526

PLANT AND EQUIPMENT (Tables)

PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
PLANT AND EQUIPMENT
Schedule of plant and equipment	2019 2018 Plant and machinery $ 9,652,132.00 $ 5,299,631.00 Structure and leasehold improvements 90,615,323.00 200,734,812.00 Mature seeds and herbage cultivation 17,752,012.00 54,643,255.00 Furniture and equipment 2,613,172.00 695,461.00 Motor vehicles 3,241,556.00 590,416.00 123,874,195.00 261,963,575.00 Less: Accumulated depreciation 20,809,957.00 31,317,916.00 Net carrying amount $ 103,064,238.00 $ 230,645,659.00

CONSTRUCTION IN PROGRESS (Table

CONSTRUCTION IN PROGRESS (Tables)	12 Months Ended
	Dec. 31, 2019
CONSTRUCTION IN PROGRESS
Schedule of Construction in progress	2019 2018 Construction in progress - Office, warehouse and organic fertilizer plant in HSA $ — $ 7,285 - Oven room, road for production of dried flowers — — - Organic fertilizer and bread grass production plant and office building — 6,484,045 - Rangeland for beef cattle and office building — 6,024,197 - Fish pond and breeding factory — — $ $ 12,515,527

LAND USE RIGHTS (Tables)

LAND USE RIGHTS (Tables)	12 Months Ended
	Dec. 31, 2019
LAND USE RIGHTS
Schedule of land use rights	2019 2018 Cost $ 64,392,689 $ 65,779,178 Less: Accumulated amortization (13,359,761) (11,964,897) Net carrying amount $ 51,032,928 $ 53,814,281

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2019
GOODWILL
Schedule of Goodwill	2019 2018 Goodwill from acquisition $ 729,940 $ 724,940 Less: Accumulated impairment losses — — Net carrying amount $ 724,940 $ 724,940

PROPRIETARY TECHNOLOGIES (Table

PROPRIETARY TECHNOLOGIES (Tables)	12 Months Ended
	Dec. 31, 2019
PROPRIETARY TECHNOLOGIES
Schedule Of Proprietary Technologies	2019 2018 Cost 9,232,228 $ 11,113,267 Less: Accumulated amortization (2,164,475) (2,176,196) Net carrying amount 7,067,753 $ 8,937,071

INTERESTS IN UNCONSOLIDATED E_2

INTERESTS IN UNCONSOLIDATED EQUITY INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2019
Guangzhou Horan Taita Information Technology Co., Limited [Member]
Schedule of Equity Method Investments	2019 2018 Investments at cost $ $ - TRW 149,720,418 149,720,418 - SJAP 40,211,202 — Amount due from a consolidated equity investee - TRW 59,413,091 57,354,208 249,344,711 $ 207,074,626

TEMPORARY DEPOSITS PAID TO EN_2

TEMPORARY DEPOSITS PAID TO ENTITIES FOR EQUITY INVESTMENTS IN FUTURE SINO JOINT VENTURE COMPANIES (Tables)	12 Months Ended
	Dec. 31, 2019
Sino Joint Venture companies A [Member]
Schedule of Equity Method Investments	Intended unincorporated Projects Investee Engaged 2019 2018 A Trade center $ *12,000,000 $ 12,000,000 B Fish and prawn Farm 2 GaoQiqiang Aquaculture * 17,403,959 C Cattle farm 2 *5,507,626 5,502,001 $ 17,507,626 $ 34,905,960 * The above amounts were subject to conversion to an additional equity investment in the investees upon the completion of legal procedures of formation of SJVCs.

CONSTRUCTION CONTRACT (Tables)

CONSTRUCTION CONTRACT (Tables)	12 Months Ended
	Dec. 31, 2019
CONSTRUCTION CONTRACT
Schedule of Costs in Excess of Billings and Billings in Excess of Costs	(i) Costs and estimated earnings in excess of billings on uncompleted contracts 2019 2018 Costs 6,186,261 $ 6,186,261 Estimated earnings 4,777,300 4,777,300 Less: Billings (10,712,733) (10,712,733) Costs and estimated earnings in excess of billings on uncompleted contracts 250,828 $ 250,828 (ii) Billings in excess of costs and estimated earnings on uncompleted contracts 2019 2018 Billings 49,175,412 $ 47,929,092 Less: Costs (30,098,638) (29,094,568) Estimated earnings (13,690,063) (13,486,231) Billing in excess of costs and estimated earnings on uncompleted contracts 5,386,711 $ 5,348,293

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2019
OTHER PAYABLES
Schedule Of Other Payables	2019 2018 Due to third parties 5,994,581 $ 13,068,387 Straight note payable (note 23(i)) 29,367,999 29,367,999 Promissory notes issued to third parties 7,151,762 7,792,774 Due to local government — 87,425 42,514,342 $ 50,316,585 Less: Amount classified as non-current liabilities Promissory notes issued to third parties (7,151,762) (7,792,774) Amount classified as current liabilities 35,362,580 $ 42,523,811

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2019
BORROWINGS
Schedule of Debt	Interest Name of lender rate Term 2019 2018 China Development Bank Qinghai Province, the P.R.C. 5.2835 % November 29, 2018 - November 28, 2018 — China Development Bank Qinghai Province, the P.R.C. 5.2835 % December 14, 2018 - December 13, 2018 — China Development Bank Qinghai Province, the P.R.C 4.7306 % December 27, 2018 - December 27, 2019 4,371,265 Add: current portion of a long term bank loan 218,563 Short term bank loans 4,589,828 China Development Bank Qinghai Province, the P.R.C. 5.39 % December 16, 2016 - December 15, 2026 5,755,501 Less: current portion of long term bank loan — (218,563) Long term bank loans $ — $ 5,536,938

CONVERTIBLE NOTE PAYABLES (Tabl

CONVERTIBLE NOTE PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2019
CONVERTIBLE NOTE PAYABLES
Schedule of convertible note payable	2019 2018 (i) 10.50% convertible note due February 28, 2020 $ — $ — (ii) Convertible note due December 31, 2019 3,894,978 3,894,978 Less: classified as current liabilities (3,894,978) Non-current Liabilities — —
Summary of fair value of the derivative liabilities using the binomial option pricing model	The Company estimated the fair value of the derivative liabilities using the Binomial Option Pricing Model and the following key assumptions during 2018 2018 Expected dividends — Expected term (years) 0.34 Volatility 52.09% - 54.32 % Risk-free rate 1.65% - 1.9 %
Schedule of Deferred Tax Assets and Liabilities	The following table sets forth, by level within the fair value hierarchy, the Company’s financial liabilities that were accounted for at fair value as of December 31, 2019 and 2018 Level 1 Level 2 Level 3 Total $ $ $ $ LIABILITIES: Derivative liabilities as of December 31, 2019 — — 0 0 Derivative liabilities as of December 31, 2018 — — 2,100 2,100
Schedule of change in fair vlue of derivative liabilities	The following table represents the change in the fair value of the derivative liabilities during the year ended December 31, 2019 $ Fair value of derivative liabilities as of December 31, 2018 2,100 Change in fair value of derivative liabilities — Fair value of derivative liabilities as of December 31, 2019 —

OBLIGATION UNDER OPERATING LE_2

OBLIGATION UNDER OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
OBLIGATION UNDER OPERATING LEASES
Schedule of Future Minimum Rental Payments for Operating Leases	The future minimum lease payments as of December 31, 2020, are as follows: Within 1 year $ 65,324 2 to 5 years 52,351 Over 5 years — $ 117,675

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
Schedule of computations of basic and dilutive earnings per share	The numerators and denominators used in the computations of basic and dilutive earnings per share are presented in the following table: 2019 2018 BASIC Numerator for basic earnings per share attributable to the Company’s common stockholders: Net income used in computing basic earnings per share (10,342,267) $ 17,323,337 Basic earnings per share (0.21) $ 0.46 Basic weighted average shares outstanding 49,963,607 37,336,164 2019 2018 DILUTED Numerator for basic earnings per share attributable to the Company’s common stockholders: Net income used in computing diluted earnings per share (10,342,267) $ 17,323,337 Diluted earnings per share (0.21) $ 0.46 Diluted weighted average shares outstanding 49,963,607 37,336,164

CORPORATE INFORMATION (Details)

CORPORATE INFORMATION (Details)

Jun. 30, 2019MMBbls

Mar. 23, 2018USD ($)

Dec. 31, 2017USD ($)

Oct. 15, 2016shares

Oct. 05, 2016USD ($)$ / shares

Oct. 25, 2015USD ($)

Dec. 31, 2011USD ($)

Aug. 24, 2007shares

Dec. 31, 2019USD ($)MMBbls

Dec. 31, 2018CNY (¥)

Dec. 31, 2018USD ($)

Dec. 31, 2016USD ($)MMBbls

Dec. 31, 2015USD ($)MMBbls

Oct. 01, 2016

Aug. 15, 2016USD ($)$ / shares

Nov. 12, 2013

Sep. 30, 2012USD ($)

Sep. 17, 2012

Apr. 01, 2012USD ($)

Jan. 02, 2012USD ($)

Nov. 17, 2011

Jul. 18, 2011

Feb. 28, 2011

May 07, 2010

Sep. 30, 2009

May 25, 2009

Nov. 26, 2008

Nov. 27, 2007

Sep. 05, 2007

Entity Information [Line Items]

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares

3,232,323

Equity Method Investments

$ 249,344,711

$ 207,074,626

Sale of Stock, Consideration Received on Transaction

¥ 2

0

Gain (Loss) on Disposition of Stock in Subsidiary

0

0

$ 56,947,005

Net income (loss)

$ (10,342,267)

17,323,337

Chinese Partners [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

24.00%

Advanced to SJAP [Member]

Entity Information [Line Items]

Net income (loss)

$ 30,000,000

Volume of fertilizer production | MMBbls

8,000

35,000

Volume of concentrated live-stock feed | MMBbls

3,000

15,000

Number of fattening heads of live cattle

25,000

1,500

Number of corporative farms

20

Number of individual farmers

2,000

Jiang Men City Hang Mei Cattle Farm Development Co., Limited [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

50.00%

Hang Yu Tai Investment Limited [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

78.00%

Macau Eiji Company Limited [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

75.00%

75.00%

Hang Sing Tai Agriculture Co. Ltd [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

25.00%

Pretty Mountain Holdings Limited [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

45.00%

80.00%

Other Entities [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

55.00%

APWAM [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

100.00%

Business Acquisition, Percentage of Voting Interests Acquired

45.00%

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

41.25%

Garwor [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

55.00%

JFD [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

100.00%

Equity Method Investment, Ownership Percentage

75.00%

25.00%

Percentage Of Addition Minority Interest In Joint Ventures

25.00%

25.00%

Equity Method Investments

$ 1,258,607

$ 1,702,580

$ 1,662,365

EBAPFD [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

25.00%

25.00%

HSA [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

26.00%

Equity Method Investments

1,651,774

HSA [Member] | Advanced to SJAP [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

50.00%

Tri Way Industries Limited [Member]

Entity Information [Line Items]

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares

99,990,000

Noncontrolling Interest, Ownership Percentage by Parent

100.00%

Equity Method Investment, Ownership Percentage

100.00%

25.00%

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

$ 340,530,000

Fair Value of Assets Acquired

$ 238,320,000

Business Acquisition, Share Price | $ / shares

$ 23.89

Licensing Fees

$ 30,000,000

Ebapcd [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

25.00%

JHMC [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

75.00%

Equity Method Investments

4,385,101

ECF [Member]

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

25.00%

25.00%

Equity Method Investments

$ 2,944,176

$ 1,076,489

Qinghai Zhong He Meat Products Co., Limited ("QZH") [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

100.00%

Equity Method Investment, Ownership Percentage

85.00%

Proceeds from Contributed Capital

$ 4,157,682

Sino Agro Food Sweden AB [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

100.00%

Equity Method Investments

$ 77,664

Tri-way Industries [Member]

Entity Information [Line Items]

Business Acquisition, Share Price | $ / shares

$ 3.41

Tri-way Industries [Member] | Minimum

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

23.89%

Tri-way Industries [Member] | Maximum

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

36.60%

Hyt Group [Member]

Entity Information [Line Items]

Business Combination, Consideration Transferred

$ 45,000,000

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

100.00%

Qinghai Quanwang Investment Management Co., Ltd [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

8.30%

Equity Method Investment, Ownership Percentage

14.00%

Proceeds from Contributed Capital

$ 769,941

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

8.30%

Qinghai Quanwang Investment Management Co., Ltd [Member] | Minimum

Entity Information [Line Items]

Additional Equity Method Investment Ownership Percentage

6.00%

Advanced to SJAP [Member]

Entity Information [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

100.00%

Business Combination, Consideration Transferred

$ 459,137

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

50.45%

Advanced to SJAP [Member] | Minimum

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

86.00%

Advanced to SJAP [Member] | Maximum

Entity Information [Line Items]

Equity Method Investment, Ownership Percentage

100.00%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reporting Entities (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Oct. 01, 2016	Nov. 12, 2013
Capital Award Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Fishery development and holder of A-Power Technology master license.
Capital Award Inc [Member] | Direct Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
Capital Hero Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Dormant Capital HeroInc.
Capital Hero Inc [Member] | Indirect Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
Capital Stage Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Dormant Capital Stage Inc.(CS)
Capital Stage Inc [Member] | Indirect Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
Macau Eiji Company Limited [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Investment holding, cattle farm development, beef cattle and beef trading
Macau Eiji Company Limited [Member] | Direct Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
Sino Agro Food Sweden AB [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent				100.00%
Equity Method Investment, Description of Principal Activities	Dormant: Dissolved 31st December
Sino Agro Food Sweden AB [Member] | Direct Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
A Power Agro Agriculture Development (Macau) Limited (APWAM) [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Investment holding
A Power Agro Agriculture Development (Macau) Limited (APWAM) [Member] | Direct Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	HylocereusUndatus Plantation ("HU Plantation").
Jiang Men City Heng Sheng Tai Agriculture Development Co. Ltd [Member] | Indirect Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	75.00%	75.00%
Jiang Men City Hang Mei Cattle Farm Development Co., Limited [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Beef cattle cultivation
Jiang Men City Hang Mei Cattle Farm Development Co., Limited [Member] | Indirect Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	75.00%	75.00%
Hunan Shenghua A Power Agriculture Co., Limited ("HSA") [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Manufacturing of organic fertilizer, livestock feed, and beef cattle and sheep cultivation, and plantation of crops and pastures
Hunan Shenghua A Power Agriculture Co., Limited ("HSA") [Member] | Indirect Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	76.00%	76.00%
Qinghai Sanjiang A Power Agriculture Co., Ltd [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity Method Investment, Description of Principal Activities	Manufacturing of organic fertilizer, livestock feed, and beef cattle
Qinghai Sanjiang A Power Agriculture Co., Ltd [Member] | Indirect Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	41.25%	41.25%
Tri Way Industries Limited [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			100.00%
Equity Method Investment, Description of Principal Activities	A-Power Technology license (P.R.C.)
Tri Way Industries Limited [Member] | Direct Ownership [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	36.60%	36.60%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2019
Plant and machinery [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Plant and machinery [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Structure and leasehold improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Structure and leasehold improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Mature seeds and herbage cultivation [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Furniture and equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years 6 months
Furniture and equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Motor Vehicles [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	4 years
Motor Vehicles [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Credit Risk (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Product Information [Line Items]
Sales Revenue, Goods, Net		$ 135,598,314	$ 141,670,563
Corporate Division [Member]
Product Information [Line Items]
Sales Revenue, Goods, Net	[1]	66,232,233	68,457,170
Cattle Farm Development Division [Member]
Product Information [Line Items]
Sales Revenue, Goods, Net	[2]	$ 36,191,035	$ 29,558,983
Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage			83.19%
Accounts Receivable [Member]
Product Information [Line Items]
Concentration Risk, Percentage		90.77%	94.09%
Sales Revenue, Net [Member]
Product Information [Line Items]
Concentration Risk, Percentage		83.71%
Customer A [Member] | Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage		32.30%	31.65%
Customer A [Member] | Accounts Receivable [Member]
Product Information [Line Items]
Concentration Risk, Percentage		39.91%	12.76%
Customer A [Member] | Sales Revenue, Net [Member] | Corporate Division [Member]
Product Information [Line Items]
Concentration Risk, Percentage		32.30%
Sales Revenue, Goods, Net		$ 43,798,678
Customer B [Member] | Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage		25.17%	21.33%
Customer B [Member] | Accounts Receivable [Member]
Product Information [Line Items]
Concentration Risk, Percentage		16.11%	9.67%
Customer B [Member] | Sales Revenue, Net [Member] | Cattle Farm Development Division [Member]
Product Information [Line Items]
Concentration Risk, Percentage		25.17%
Sales Revenue, Goods, Net		$ 34,062,095
Customer C [Member] | Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage		16.54%	16.68%
Customer C [Member] | Accounts Receivable [Member]
Product Information [Line Items]
Concentration Risk, Percentage		14.66%	10.05%
Customer C [Member] | Sales Revenue, Net [Member] | Corporate Division [Member]
Product Information [Line Items]
Concentration Risk, Percentage		16.54%
Sales Revenue, Goods, Net		$ 22,433,555
Customer D [Member] | Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage		6.08%
Customer D [Member] | Accounts Receivable [Member]
Product Information [Line Items]
Concentration Risk, Percentage		11.66%	59.81%
Customer E [Member] | Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage			7.85%
Customer E [Member] | Accounts Receivable [Member]
Product Information [Line Items]
Concentration Risk, Percentage		8.43%	1.80%
Customer F [Member] | Sales Revenue, Product Line [Member]
Product Information [Line Items]
Concentration Risk, Percentage		3.62%	5.68%
[1]	Operated by Sino Agro Food, Inc. (“SIAF”) and Sino Agro Food Sweden AB (“SAFS”).
[2]	Operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited (“JHMC”) and Macau Eiji Company Limited (“MEIJI”).

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional information (Details)	12 Months Ended
	Dec. 31, 2019¥ / shares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018¥ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)$ / shares
Summary Of Significant Accounting Policies [Line Items]
Accumulated other comprehensive income						$ (10,415,786)
Goodwill, Acquired During Period		$ 724,940
Cash, Uninsured Amount					$ 185,895	4,950,799
Accounts Receivable, Net, Current					$ 98,528,589	$ 101,652,131
Average Foreign Currency Exchange Rate Remeasurement | (per share)	¥ 6.87	$ 1	¥ 6.61	$ 1
Earnings Per Share, Basic | $ / shares		(0.21)		0.46
Earnings Per Share, Diluted | $ / shares		$ (0.21)		$ 0.46
Balance Sheet [Member]
Summary Of Significant Accounting Policies [Line Items]
Foreign Currency Exchange Rate | (per share)	¥ 6.98		¥ 6.86		$ 1	$ 1
Customer A [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounts Receivable, Net, Current					$ 39,321,639
Customer B [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounts Receivable, Net, Current					15,871,509
Customer C [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounts Receivable, Net, Current					$ 14,446,680
Stock Feed Manufacturing Technology [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		25 years
Use Rights [Member] | Minimum
Summary Of Significant Accounting Policies [Line Items]
Lease Period Of Land					10 years
Use Rights [Member] | Maximum
Summary Of Significant Accounting Policies [Line Items]
Lease Period Of Land					60 years
Bacterial Cellulose Technology [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		20 years
Sleep Cod Breeding Technology [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		25 years
Aromatic Cattle-Feeding Formula [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life		20 years
General and Administrative Expense [Member]
Summary Of Significant Accounting Policies [Line Items]
Research and Development Expense		$ 855,167		$ 453,378
General and Administrative Expense [Member] | Advertising [Member]
Summary Of Significant Accounting Policies [Line Items]
Cost of Goods and Services Sold		956,056		1,541,484
General and Administrative Expense [Member] | Shipping and Handling [Member]
Summary Of Significant Accounting Policies [Line Items]
Cost of Goods and Services Sold		$ 156,103		$ 26,129

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Reporting information (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenue		$ 135,598,314	$ 141,670,563
Net income (loss)		(10,342,267)	17,323,337
Total assets		653,403,825	790,602,779
Fishery Development Division [Member]
Segment Reporting Information [Line Items]
Revenue	[1]	1,719,247	11,127,393
Net income (loss)	[1]	(15,636,840)	1,567,429
Total assets	[1]	62,172,772	87,129,117
HU Plantation Division [Member]
Segment Reporting Information [Line Items]
Revenue	[2]	4,585,603	3,617,249
Net income (loss)	[2]	(1,963,012)	(33,037,306)
Total assets	[2]	47,355,810	43,484,157
Organic Fertilizer and Bread Grass Division [Member]
Segment Reporting Information [Line Items]
Revenue	[3]	26,870,196	28,909,768
Net income (loss)	[3]	(3,630,581)	(280,356)
Total assets	[3]	103,086,572	327,374,461
Cattle Farm Development Division [Member]
Segment Reporting Information [Line Items]
Revenue	[4]	36,191,035	29,558,983
Net income (loss)	[4]	(2,276,309)	3,491,893
Total assets	[4]	84,962,290	42,288,332
Corporate Division [Member]
Segment Reporting Information [Line Items]
Revenue	[5]	66,232,233	68,457,170
Net income (loss)	[5]	13,164,475	15,581,677
Total assets	[5]	$ 355,826,381	$ 290,326,712
[1]	Operated by Capital Award, Inc. (“CA”).
[2]	Operated by Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”).
[3]	Operated by Qinghai Sanjiang A Power Agriculture Co., Limited (“SJAP”), A Power Agro Agriculture Development (Macau) Limited (“APWAM”), and Hunan Shenghua A Power Agriculture Co., Limited (“HSA”). On December 30, 2018 QZH was disposed to third party and derecognized as variable interest entity on the same date.
[4]	Operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited (“JHMC”) and Macau Eiji Company Limited (“MEIJI”).
[5]	Operated by Sino Agro Food, Inc. (“SIAF”) and Sino Agro Food Sweden AB (“SAFS”).

SEGMENT INFORMATION - Analysis

SEGMENT INFORMATION - Analysis of Revenue (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		$ 135,598,314	$ 141,670,563
Cost Of Goods Sold		113,401,961	110,967,348
Cost Of Services			9,051,408
Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited ("JHST") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		4,585,603	3,617,249
Cost Of Goods Sold		3,718,225	3,098,390
Qinghai Sanjiang A Power Agriculture Co., Limited ("SJAP") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		11,286,153	192,384,383
Cost Of Goods Sold		8,262,804	14,937,535
Hunan Shenghua A Power Agriculture Co., Limited ("HSA") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		15,584,043	9,671,330
Cost Of Goods Sold		13,271,460	6,894,335
Macau Eiji Company Limited ("MEIJI") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		36,191,035	29,558,983
Cost Of Goods Sold		29,284,786	24,761,345
Sino Agro Food, Inc. ("SIAF") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		66,232,233	68,457,170
Cost Of Goods Sold		58,864,686	61,275,743
Consulting and service income for development contracts Capital Award, Inc. CA [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total			11,127,393
Capital Award, Inc. CA [Member]
Segment Reporting Information [Line Items]
Cost Of Services			9,051,408
Fishery Development Division [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total	[1]	1,719,247	11,127,393
Cost Of Goods Sold		1,590,017
Cost Of Services	[1]		9,051,408
Fishery Development Division [Member] | Consulting and service income for development contracts Capital Award, Inc. CA [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		1,719,247	11,127,393	[1]
Cost Of Goods Sold		1,590,017
Fishery Development Division [Member] | Capital Award, Inc. CA [Member]
Segment Reporting Information [Line Items]
Cost Of Services	[1]		9,051,408
HU Plantation Division [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total	[2]	4,585,603	3,617,249
Cost Of Goods Sold		3,718,225	3,098,390	[2]
HU Plantation Division [Member] | Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited ("JHST") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		4,585,603	3,617,249	[2]
Cost Of Goods Sold		3,718,225	3,098,390	[2]
Organic Fertilizer and Bread Grass Division [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total	[3]	26,870,196	28,909,768
Cost Of Goods Sold		21,534,264	21,831,870	[3]
Organic Fertilizer and Bread Grass Division [Member] | Qinghai Sanjiang A Power Agriculture Co., Limited ("SJAP") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		11,286,153	19,238,438	[3]
Cost Of Goods Sold		8,262,804	14,937,535	[3]
Organic Fertilizer and Bread Grass Division [Member] | Hunan Shenghua A Power Agriculture Co., Limited ("HSA") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		15,584,043	9,671,330	[3]
Cost Of Goods Sold		13,271,460	6,894,335	[3]
Cattle Farm Development Division [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total	[4]	36,191,035	29,558,983
Cost Of Goods Sold		29,284,786	24,761,345	[4]
Cattle Farm Development Division [Member] | Macau Eiji Company Limited ("MEIJI") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		36,191,035	29,558,983	[4]
Cost Of Goods Sold		29,284,786	24,761,345	[4]
Corporate Division [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total	[5]	66,232,233	68,457,170
Cost Of Goods Sold		58,864,686	61,275,743	[5]
Corporate Division [Member] | Sino Agro Food, Inc. ("SIAF") [Member]
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net, Total		66,232,233	68,457,170	[5]
Cost Of Goods Sold		$ 58,864,686	$ 61,275,743	[5]
[1]	Operated by Capital Award, Inc. (“CA”).
[2]	Operated by Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited (“JHST”).
[3]	Operated by Qinghai Sanjiang A Power Agriculture Co., Limited (“SJAP”), A Power Agro Agriculture Development (Macau) Limited (“APWAM”), and Hunan Shenghua A Power Agriculture Co., Limited (“HSA”). On December 30, 2018 QZH was disposed to third party and derecognized as variable interest entity on the same date.
[4]	Operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited (“JHMC”) and Macau Eiji Company Limited (“MEIJI”).
[5]	Operated by Sino Agro Food, Inc. (“SIAF”) and Sino Agro Food Sweden AB (“SAFS”).

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes Disclosure [Line Items]
Provision for income taxes	$ 0	$ 0
Sino Agro Food, Inc. ("SIAF") [Member]
Income Taxes Disclosure [Line Items]
Provision for income taxes	0	0
SAFS [Member]
Income Taxes Disclosure [Line Items]
Provision for income taxes	0	0
CA, CH and CS [Member]
Income Taxes Disclosure [Line Items]
Provision for income taxes	0	0
MEIJI and APWAM [Member]
Income Taxes Disclosure [Line Items]
Provision for income taxes	0	0
JHST, JHMC, SJAP,HSA [Member]
Income Taxes Disclosure [Line Items]
Provision for income taxes	$ 0	$ 0

INCOME TAXES - Additional infor

INCOME TAXES - Additional information (Details)	Jan. 01, 2008	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2008	Dec. 31, 2007
INCOME TAXES
Enterprise Income Tax Rate	25.00%				33.00%
Corporate Income Tax Rate		22.00%	22.00%	25.00%

NET LOSS FROM DISPOSAL OF A V_3

NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY - Net loss from disposal of a variable interest entity, QZH (Details) - Qinghai Zhong He Meat Products Co Limited [Member]	Dec. 31, 2019USD ($)
Cash and cash equivalents	$ 17,060
Inventories	4,567,530
Prepayments	2,692,571
Accounts receivables	16,403,731
Other receivables	1,855,971
Plant and equipment	3,888,987
Intangible assets	2,870
Disposal Group, Including Discontinued Operation, Assets	29,428,720
Less: Accounts payable	(7,140,439)
Other payables	(5,811,425)
Short term borrowings	(1,530,456)
Non-controlling interests	(5,082,410)
Accumulated exchange difference	(498,347)
Net assets and liabilities disposed as of December 30, 2018	9,365,643
Cash consideration	$ 0

NET LOSS FROM DISPOSAL OF A V_4

NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY - Net cash outflow from disposal of a variable interest entity, QZH (Details) - Qinghai Zhong He Meat Products Co Limited [Member]	12 Months Ended
	Dec. 31, 2018USD ($)
Cash and cash equivalents disposed of	$ (17,060)
Net cash outflow disposal of a variable interest entity, QZH	$ (17,060)

NET LOSS FROM DISPOSAL OF A V_5

NET LOSS FROM DISPOSAL OF A VARIABLE INTEREST ENTITY - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2016USD ($)
Proceeds from Sale of Long-term Investments	$ 0		$ 0
Qinghai Zhong He Meat Products Co Limited [Member]
Disposal Group, Including Discontinued Operation, Operating Income (Loss)			$ 30,682,576
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned				$ 4,645,489
Noncontrolling Interest, Ownership Percentage by Parent		85.00%	85.00%
Proceeds from Sale of Long-term Investments		¥ 2	$ 0

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CASH AND CASH EQUIVALENTS
Cash and bank balances	$ 185,895	$ 4,950,799	$ 560,043

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Inventory [Line Items]
Inventories	$ 0	$ 54,582,241
Bread Grass [Member]
Inventory [Line Items]
Inventory, Finished Goods, Gross	0	744,378
Beef Cattle [Member]
Inventory [Line Items]
Inventory, Finished Goods, Gross	0	11,561,117
Organic Fertilizer [Member]
Inventory [Line Items]
Inventory, Finished Goods, Gross	0	14,266,923
Forage For Cattle and Consumable [Member]
Inventory [Line Items]
Inventory, Finished Goods, Gross	0	7,252,280
Raw materials for bread grass and organic fertilizer [Member]
Inventory [Line Items]
Inventory, Finished Goods, Gross	0	18,885,258
Immature Seeds [Member]
Inventory [Line Items]
Inventory, Finished Goods, Gross	$ 0	$ 1,872,285

DEPOSITS AND PREPAYMENTS (Detai

DEPOSITS AND PREPAYMENTS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
DEPOSITS AND PREPAYMENTS
Deposits for - purchases of equipment	$ 2,037,425	$ 2,158,867
Deposits for - acquisition of land use rights		174,851
Deposits for - inventories purchases	1,059,543	16,921,188
Deposits for - construction in progress		4,789,035
Deposits for - issue of shares as collateral	24,402,175	24,928,324
Shares issued for employee compensation and overseas professional and bond interest		643,457
Others	2,631,797	2,625,468
Prepaid Expense and Other Assets, Current	$ 30,130,940	$ 52,241,190

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ACCOUNTS RECEIVABLE
0 - 30 days	$ 9,746,096	$ 7,447,269
31 - 90 days	40,452,553	22,684,605
91 - 120 days	3,938,695	16,456,895
over 120 days and less than 1 year	5,777,425	11,773,454
over 1 year	38,613,820	43,289,908
Accounts Receivable, Net, Current	$ 98,528,589	$ 101,652,131

OTHER RECEIVABLES (Details)

OTHER RECEIVABLES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Other Receivables [Line Items]
Other Receivables, Net	$ 95,565,377	$ 28,307,526
Advanced to employees [Member]
Other Receivables [Line Items]
Other Receivables, Net	255,174	561,330
Advanced to suppliers [Member]
Other Receivables [Line Items]
Other Receivables, Net	2,543,541	3,831,926
Advanced to customers [Member]
Other Receivables [Line Items]
Other Receivables, Net	14,131,956	14,114,249
Advanced to developers [Member]
Other Receivables [Line Items]
Other Receivables, Net		453,155
Advanced to SJAP [Member]
Other Receivables [Line Items]
Other Receivables, Net	76,404,954
Others [Member]
Other Receivables [Line Items]
Other Receivables, Net	$ 2,229,752	$ 9,346,866

PLANT AND EQUIPMENT (Details)

PLANT AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross book value	$ 123,874,195	$ 261,963,575
Less: Accumulated depreciation	(20,809,957)	(31,317,916)
Net carrying amount	103,064,238	230,645,659
Plant and Machinery [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross book value	9,652,132	5,299,631
Structure and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross book value	90,615,323	200,734,812
Mature seeds and herbage cultivation [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross book value	17,752,012	54,643,255
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross book value	2,613,172	695,461
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross book value	$ 3,241,556	$ 590,416

PLANT AND EQUIPMENT - Additiona

PLANT AND EQUIPMENT - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
PLANT AND EQUIPMENT
Depreciation	$ 5,272,630	$ 13,080,991

CONSTRUCTION IN PROGRESS (Detai

CONSTRUCTION IN PROGRESS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Construction In Progress [Line Items]
Construction in progress	$ 0	$ 12,515,527
Office Warehouse And Organic Fertilizer Plant In Hsa [Member]
Construction In Progress [Line Items]
Construction in progress	0	7,285
Oven room, road for production of dried flowers [Member]
Construction In Progress [Line Items]
Construction in progress	0	0
Organic Fertilizer And Bread Grass Production Plant And Office Buildings [Member]
Construction In Progress [Line Items]
Construction in progress	0	6,484,045
Rangeland for beef cattle and office building [Member]
Construction In Progress [Line Items]
Construction in progress	0	6,024,197
Fish Pond [Member]
Construction In Progress [Line Items]
Construction in progress	$ 0	$ 0

LAND USE RIGHTS - Land use righ

LAND USE RIGHTS - Land use rights (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
LAND USE RIGHTS
Cost	$ 64,392,689	$ 65,779,178
Less: Accumulated amortization	(13,359,761)	(11,964,897)
Net carrying amount	$ 51,032,928	$ 53,814,281

LAND USE RIGHTS - Additional in

LAND USE RIGHTS - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Land Use Rights [Line Items]
Amortization of Leased Asset	$ 1,553,073	$ 1,686,879
Use Rights [Member] | Minimum
Land Use Rights [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Use Rights [Member] | Maximum
Land Use Rights [Line Items]
Finite-Lived Intangible Asset, Useful Life	60 years

GOODWILL (Details)

GOODWILL (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
GOODWILL
Goodwill from acquisition	$ 729,940	$ 724,940
Less: Accumulated impairment losses	0	0
Net carrying amount	$ 724,940	$ 724,940

PROPRIETARY TECHNOLOGIES (Detai

PROPRIETARY TECHNOLOGIES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
PROPRIETARY TECHNOLOGIES
Cost	$ 9,232,228	$ 11,113,267
Less: Accumulated amortization	(2,164,475)	(2,176,196)
Net carrying amount	$ 7,067,753	$ 8,937,071

PROPRIETARY TECHNOLOGIES - Addi

PROPRIETARY TECHNOLOGIES - Additional Information (Details) - USD ($)	1 Months Ended		2 Months Ended	12 Months Ended
	Oct. 01, 2015	Nov. 12, 2008	Mar. 06, 2012	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Payments to Acquire Intangible Assets	$ 5,473,720		$ 1,500,000
Finite-Lived Intangible Assets, Net				$ 7,067,753	$ 8,937,071
Developed Technology Rights [Member]
Property, Plant and Equipment [Line Items]
Amortization of Intangible Assets				$ 485,539	$ 583,133
Patents [Member] | Capital Award Inc CA [Member]
Property, Plant and Equipment [Line Items]
Payments to Acquire Intangible Assets		$ 8,000,000
Sleep Cods Breeding Technology License [Member]
Property, Plant and Equipment [Line Items]
Cost of Goods and Services Sold						$ 2,270,000
Finite-Lived Intangible Asset, Useful Life						50 years
Bacterial Cellulose Technology License [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life						20 years
Finite-Lived Intangible Assets, Net						$ 2,119,075

INTERESTS IN UNCONSOLIDATED E_3

INTERESTS IN UNCONSOLIDATED EQUITY INTERESTS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 249,344,711	$ 207,074,626
Total investment at cost	249,344,711	207,074,626
Tri Way Industries Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	149,720,418	149,720,418
Amount due from a consolidated equity investee - TRW	59,413,091	57,354,208
Advanced to SJAP [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 40,211,202	$ 0

INTERESTS IN UNCONSOLIDATED E_4

INTERESTS IN UNCONSOLIDATED EQUITY INTERESTS - Additional Information (Details)

Aug. 15, 2016USD ($)$ / sharesshares

Aug. 24, 2007shares

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2016USD ($)

Oct. 05, 2016

Oct. 01, 2016

May 06, 2016CNY (¥)

Apr. 01, 2012USD ($)

Jan. 02, 2012USD ($)

Dec. 31, 2011USD ($)

Nov. 17, 2011

Feb. 28, 2011

Schedule of Equity Method Investments [Line Items]

Equity Method Investments

$ 249,344,711

$ 207,074,626

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares

3,232,323

Gain (Loss) on Disposition of Stock in Subsidiary

$ 0

$ 0

$ 56,947,005

Jiang Men City Power Fishery Development Co Limited [Member]

Schedule of Equity Method Investments [Line Items]

Fair Value of Master Technology License Acquired

$ 30,000,000

EBAPFD [Member]

Schedule of Equity Method Investments [Line Items]

Equity Method Investment, Ownership Percentage

25.00%

25.00%

JFD [Member]

Schedule of Equity Method Investments [Line Items]

Equity Method Investment, Ownership Percentage

25.00%

75.00%

Equity Method Investments

$ 1,702,580

$ 1,662,365

$ 1,258,607

Percentage Of Addition Minority Interest In Joint Ventures

25.00%

25.00%

Tri Way Industries Limited [Member]

Schedule of Equity Method Investments [Line Items]

Equity Method Investment, Ownership Percentage

100.00%

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares

99,990,000

Business Acquisition, Share Price | $ / shares

$ 23.89

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

$ 340,530,000

Fair Value of Assets Acquired

$ 238,320,000

Tri Way Industries Limited [Member] | Minimum

Schedule of Equity Method Investments [Line Items]

Equity Method Investment, Ownership Percentage

3.41%

23.89%

Tri Way Industries Limited [Member] | Maximum

Schedule of Equity Method Investments [Line Items]

Equity Method Investment, Ownership Percentage

36.60%

100.00%

Guangzhou Horan Taita Information Technology Co [Member]

Schedule of Equity Method Investments [Line Items]

Equity Method Investment, Ownership Percentage

30.00%

Equity Method Investments | ¥

¥ 1,000,000

Investments

$ 153,046

TEMPORARY DEPOSITS PAID TO EN_3

TEMPORARY DEPOSITS PAID TO ENTITIES FOR EQUITY INVESTMENTS IN FUTURE SINO JOINT VENTURE COMPANIES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Deposits Assets, Noncurrent	$ 17,507,626	$ 34,905,960
Trade Center [Member]
Schedule of Equity Method Investments [Line Items]
Deposits Assets, Noncurrent	12,000,000	12,000,000
Fish farm 2 Gao Qiqiang Aquaculture [Member]
Schedule of Equity Method Investments [Line Items]
Deposits Assets, Noncurrent	0	17,403,959
Cattle farm 2 [Member]
Schedule of Equity Method Investments [Line Items]
Deposits Assets, Noncurrent	$ 5,507,626	$ 5,502,001

TEMPORARY DEPOSITS PAID TO EN_4

TEMPORARY DEPOSITS PAID TO ENTITIES FOR EQUITY INVESTMENTS IN FUTURE SINO JOINT VENTURE COMPANIES - Additional Information (Details)	Dec. 31, 2019
Sino Joint Venture companies A [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	31.00%
Sino Joint Venture companies B [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	23.00%
Sino Joint Venture companies C [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	35.00%

VARIABLE INTEREST ENTITY TO A_2

VARIABLE INTEREST ENTITY TO AN INVESTOR IN ASSOCIATE (Details)	Dec. 30, 2017CNY (¥)	Oct. 25, 2015USD ($)	Sep. 28, 2009	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Oct. 05, 2016	Nov. 12, 2013
Variable Interest Entity [Line Items]
Equity Method Investments				$ 249,344,711	$ 207,074,626
Advanced to SJAP [Member]
Variable Interest Entity [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent						100.00%
Qinghai Zhong He Meat Products Co., Limited ("QZH") [Member]
Variable Interest Entity [Line Items]
Equity Method Investment, Ownership Percentage		85.00%
Proceeds from Contributed Capital		$ 4,157,682
Noncontrolling Interest, Ownership Percentage by Parent							100.00%
Minimum | Advanced to SJAP [Member]
Variable Interest Entity [Line Items]
Equity Method Investment, Ownership Percentage		86.00%
Maximum | Advanced to SJAP [Member]
Variable Interest Entity [Line Items]
Equity Method Investment, Ownership Percentage		100.00%
Qinghai Zhong He Meat Products Co., Limited ("QZH") [Member]
Variable Interest Entity [Line Items]
Proceeds from Contributed Capital		$ 4,157,682
Equity interest sold	35.36%
Consideration for sale of equity | ¥	¥ 2
Qinghai Quanwang Investment Management Co., Ltd [Member]
Variable Interest Entity [Line Items]
Equity Method Investment, Ownership Percentage		14.00%
Proceeds from Contributed Capital		$ 769,941
Qinghai Sanjiang A Power Agriculture Co., Ltd [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage			45.00%
Qinghai Sanjiang A Power Agriculture Co., Ltd [Member] | A Power Agro Agriculture Development Macau Limited [Member]
Variable Interest Entity [Line Items]
Equity Method Investments				$ 2,251,359

CONSTRUCTION CONTRACT (Details)

CONSTRUCTION CONTRACT (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Construction Contracts [Line Items]
Billing in excess of costs and estimated earnings on uncompleted contracts	$ 5,386,711	$ 5,348,293
Costs and estimated earnings in excess of billings on uncompleted contracts [Member]
Construction Contracts [Line Items]
Billings	(10,712,733)	(10,712,733)
Less: Costs	6,186,261	6,186,261
Estimated earnings	4,777,300	4,777,300
Billing in excess of costs and estimated earnings on uncompleted contracts	250,828	250,828
Billings in excess of costs and estimated earnings on uncompleted contracts [Member]
Construction Contracts [Line Items]
Billings	49,175,412	47,929,092
Less: Costs	(30,098,638)	(29,094,568)
Estimated earnings	(13,690,063)	(13,486,231)
Billing in excess of costs and estimated earnings on uncompleted contracts	$ 5,386,711	$ 5,348,293

OTHER PAYABLES (Details)

OTHER PAYABLES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
OTHER PAYABLES
Due to third parties	$ 5,994,581	$ 13,068,387
Straight note payable (note 23(i))	29,367,999	29,367,999
Promissory notes issued to third parties	7,151,762	7,792,774
Due to local government		87,425
Other Liabilities	42,514,342	50,316,585
Less: Amount classified as non-current liabilities Promissory notes issued to third parties	(7,151,762)	(7,792,774)
Amount classified as current liabilities	$ 35,362,580	$ 42,523,811

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Short term bank loan	$ 0	$ 4,589,828
Add: current portion of a long term bank loan	0	218,563
Less: current portion of long term bank loan	0	(218,563)
Long Term Loans From Bank	$ 0	5,536,938
Bank Loan One [Member]
Debt Instrument [Line Items]
Interest rate	5.2835%
Debt Instrument, Issuance Date	Nov. 29, 2018
Debt Instrument, Maturity Date	Nov. 28, 2018
Short term bank loan	$ 0	0
Bank Loan Two [Member]
Debt Instrument [Line Items]
Interest rate	5.2835%
Debt Instrument, Issuance Date	Dec. 14, 2018
Debt Instrument, Maturity Date	Dec. 13, 2018
Short term bank loan	$ 0	0
Bank Loan Three [Member]
Debt Instrument [Line Items]
Interest rate	4.7306%
Debt Instrument, Issuance Date	Dec. 27, 2018
Debt Instrument, Maturity Date	Dec. 27, 2019
Short term bank loan	$ 0	4,371,265
Bank Loan Four [Member]
Debt Instrument [Line Items]
Interest rate	5.39%
Debt Instrument, Issuance Date	Dec. 16, 2016
Debt Instrument, Maturity Date	Dec. 15, 2026
Long Term Loans From Bank	$ 0	$ 5,755,501

BORROWINGS - Additional Informa

BORROWINGS - Additional Information (Details)

Dec. 14, 2018CNY (¥)

Dec. 14, 2018USD ($)

Dec. 14, 2018CNY (¥)

Dec. 16, 2016CNY (¥)

Dec. 27, 2018CNY (¥)

Nov. 29, 2018CNY (¥)

Dec. 31, 2019CNY (¥)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 27, 2018USD ($)

Dec. 14, 2018USD ($)

Nov. 29, 2018USD ($)

Oct. 20, 2018USD ($)

Dec. 31, 2017USD ($)

Dec. 16, 2016USD ($)

Short-term and Long-term Debt [Line Items]

Debt Instrument, Face Amount

$ 15,589,000

$ 4,000,000

$ 211,320

Short-term Debt, Percentage Bearing Fixed Interest Rate

4.7306%

4.7306%

Debt Instrument, Periodic Payment, Principal

218,563

Repayments of Short-term Debt

0

$ 4,533,777

Debt Instrument, Maturity Date Range, Start

Dec. 14, 2018

Land Use Rights [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Collateral Amount

$ 397,269

$ 429,982

China Development Bank [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

110.00%

5.39%

5.39%

110.00%

Repayments of Short-term Debt

¥ 500,000

$ 75,563

China Development Bank [Member] | Long term debt one [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Description of Variable Rate Basis

110% of the benchmark rate of PBOC

110% of the benchmark rate of PBOC

Da Tong National Development Rural Bank Limited [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Periodic Payment, Principal | ¥

¥ 1,500,000

Short term Debt One [Member] | China Development Bank [Member]

Short-term and Long-term Debt [Line Items]

Short-term Debt, Percentage Bearing Fixed Interest Rate

5.2835%

5.2835%

Debt Instrument, Maturity Date Range, Start

Nov. 29, 2018

Shortterm Debt Two [Member] | China Development Bank [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Maturity Date Range, End

Dec. 13, 2018

Nov. 28, 2018

Property, Plant and Equipment, Other Types [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Collateral Amount

$ 5,326,385

$ 5,954,915

Long-term Debt [Member] | China Development Bank [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Face Amount

¥ 40,000,000

$ 6,050,000

Debt Instrument, Term

10 years

Short-term Debt [Member] | China Development Bank [Member]

Short-term and Long-term Debt [Line Items]

Debt Instrument, Face Amount

¥ 10,000,000

¥ 10,000,000

¥ 30,000,000

¥ 20,000,000

$ 4,370,000

$ 1,530,000

$ 3,060,000

Debt Instrument, Term

1 year

1 year

CONVERTIBLE NOTE PAYABLES (Deta

CONVERTIBLE NOTE PAYABLES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Convertible Notes Payable	$ 0	$ 3,894,978
Less: classified as current liabilities	0	(3,894,978)
Non-current liabilities	0	0
Convertible note due February 28, 2020 [Member]
Debt Instrument [Line Items]
Convertible Notes Payable	0	0
Convertible Note Due December 31 2019 [Member]
Debt Instrument [Line Items]
Convertible Notes Payable	$ 0	$ 3,894,978

CONVERTIBLE NOTE PAYABLES - Bin

CONVERTIBLE NOTE PAYABLES - Binomial Option Pricing Model (Details)	12 Months Ended
	Dec. 31, 2018
Expected dividends [Member]
Debt Instrument [Line Items]
Fair Value Assumptions Rate	0.00%
Expected term (years)
Debt Instrument [Line Items]
Fair Value Assumptions Term	4 months 2 days
Minimum | Volatility
Debt Instrument [Line Items]
Fair Value Assumptions Rate	52.09%
Minimum | Risk-free rate
Debt Instrument [Line Items]
Fair Value Assumptions Rate	1.65%
Maximum | Volatility
Debt Instrument [Line Items]
Fair Value Assumptions Rate	54.32%
Maximum | Risk-free rate
Debt Instrument [Line Items]
Fair Value Assumptions Rate	1.90%

CONVERTIBLE NOTE PAYABLES - Fai

CONVERTIBLE NOTE PAYABLES - Fair Value Hierarchy (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Derivative liabilities	$ 0	$ 2,100
Level 3 [Member]
Debt Instrument [Line Items]
Derivative liabilities	$ 0	$ 2,100

CONVERTIBLE NOTE PAYABLES - Cha

CONVERTIBLE NOTE PAYABLES - Change in the Fair Value of the Derivative Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
BORROWINGS
Fair value of derivative liabilities as of December 31, 2018	$ 2,100
Change in fair value of derivative liabilities	0	$ 0
Fair value of derivative liabilities as of December 31, 2019	$ 0	$ 2,100

CONVERTIBLE NOTE PAYABLES - Add

CONVERTIBLE NOTE PAYABLES - Additional Information (Details) - USD ($)	Mar. 31, 2015	Jul. 22, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Oct. 20, 2018	Oct. 20, 2017	Jun. 30, 2015	Feb. 28, 2015	Aug. 29, 2014
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 15,589,000		$ 211,320	$ 4,000,000
Debt Instrument, Convertible, Conversion Price										$ 1
Convertible Notes Payable, Noncurrent			0	$ 0
Convertible Notes Reclassified To Straight Notes Payable			$ 29,367,999
Common Stock Issuable In Lieu Origination Fee							120,000
Common Stock Issuable In Lieu Interest Payments							200,000
Debt Conversion, Converted Instrument, Shares Issued			5,196,333
Loss on restructuring			$ 0	0	$ 6,225,204
Amortization of Debt Discount (Premium)				$ 106,297
ECAB
Debt Instrument [Line Items]
Common shares loaned to accredited investor		500,050
Remaining proceeds from notes		$ 13,362,550
Disbursement of the total loan proceed								$ 22,137,450	$ 25,000,000
Common shares sold by investor	500,050
Proceeds from sale of shares invested back in entity	$ 10,500,000
Share price		$ 18.10
Tri-way Industries [Member]
Debt Instrument [Line Items]
Common Stock Issuable In Lieu Origination Fee							32,000
Common Stock Issuable In Lieu Interest Payments							55,000
Debt Conversion, Converted Instrument, Shares Issued			400,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage										10.50%
Debt Instrument, Face Amount										$ 33,300,000
Debt Instrument, Discount Percentage										25.00%
Convertible Notes Payable, Noncurrent										$ 11,632,450
Debt Instrument, Convertible, Terms of Conversion Feature			lesser of $1.5 per share or at 65% of the market share price of the Company. While the conversion price for Secondary Optional Conversion is $3.41 per share subject to equitable adjustment for stock split, stock dividend or right offerings

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - USD ($)	Aug. 24, 2018	May 10, 2016	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 28, 2016	Dec. 31, 2014	Nov. 10, 2014	Aug. 29, 2014
Class of Stock [Line Items]
Common stock, par value (in dollars per share)			$ 0.001	$ 0.001
Common Stock, Shares Authorized			50,000,000	50,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		1,199,068
Shares Issued, Price Per Share					$ 3.45
Stock Issued During Period, Shares, Conversion of Convertible Securities			3,935,439
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments			$ 1,478,029
Common Stock, Shares, Issued			51,576,085	49,866,174
Common Stock, Shares, Outstanding			51,576,085	49,866,174
Debt Instrument, Convertible, Conversion Price									$ 1
Employee Stock Option [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period			535,598	1,167,502
Employee Benefits and Share-based Compensation			$ 576,170	$ 1,454,352
Professionals and Contractors [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				500,800
Employee Benefits and Share-based Compensation				$ 500,800
Professionals and Contractors [Member] | Employee Stock Option [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period			16,032,262
Share based Compensation Arrangement By Share based Payment Award Shares Issued In Period Value			$ 9,723,720
Collateral [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				4,074,979
Employee Benefits and Share-based Compensation				$ 12,053,844
Maximum
Class of Stock [Line Items]
Debt Instrument, Convertible, Conversion Price			$ 0.50
Maximum | Professionals and Contractors [Member] | Employee Stock Option [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share			1
Minimum
Class of Stock [Line Items]
Debt Instrument, Convertible, Conversion Price			0.30
Minimum | Professionals and Contractors [Member] | Employee Stock Option [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share			0.55
Common Stock [Member]
Class of Stock [Line Items]
Common stock, par value (in dollars per share)								$ 0.001
Stock Issued During Period, Shares, Conversion of Convertible Securities				892,735
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments				$ 0
Common Stock [Member] | Professionals and Contractors [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share				$ 1
Common Stock [Member] | Pre Amendment [Member]
Class of Stock [Line Items]
Common Stock, Shares Authorized							17,171,716
Common Stock [Member] | Post Amendment [Member]
Class of Stock [Line Items]
Common Stock, Shares Authorized							22,727,272
Common Stock [Member] | Maximum
Class of Stock [Line Items]
Common Stock, Shares Authorized						27,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	50,000,000
Common Stock [Member] | Maximum | Employee Stock Option [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share				3.45
Common Stock [Member] | Maximum | Employee Stock Option [Member] | Employees And Directors [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share			1.56
Common Stock [Member] | Maximum | Collateral [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share				5.15
Common Stock [Member] | Minimum
Class of Stock [Line Items]
Common Stock, Shares Authorized	27,000,000					22,727,272
Common Stock [Member] | Minimum | Employee Stock Option [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share				1
Common Stock [Member] | Minimum | Employee Stock Option [Member] | Employees And Directors [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share			$ 1
Common Stock [Member] | Minimum | Collateral [Member]
Class of Stock [Line Items]
Shares Issued, Price Per Share				$ 1.40

OBLIGATION UNDER OPERATING LE_3

OBLIGATION UNDER OPERATING LEASES (Details)	Dec. 31, 2019USD ($)
OBLIGATION UNDER OPERATING LEASES
Within 1 year	$ 65,324
2 to 5 years	52,351
Operating Leases, Future Minimum Payments Due	$ 117,675

OBLIGATION UNDER OPERATING LE_4

OBLIGATION UNDER OPERATING LEASES - Additional information (Details)	12 Months Ended
	Dec. 31, 2019USD ($)a	Dec. 31, 2018USD ($)
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense	$ 11,121	$ 140,132
Agriculture Land [Member]
Operating Leased Assets [Line Items]
Area of Land | a	2,178
Operating Leases Rent Frequency Of Periodic Payment	$ 812
Lease Expiration Date	Mar. 31, 2021
Office Space [Member]
Operating Leased Assets [Line Items]
Area of Land | a	2,695
Lease Expiration Date	Jul. 8, 2020
Staff Quarter [Member]
Operating Leased Assets [Line Items]
Operating Leases Rent Frequency Of Periodic Payment	$ 3,022

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($)	1 Months Ended		12 Months Ended
	Jun. 30, 2018	May 10, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization of Deferred Charges			$ 2,101,825		$ 3,982,813
Deferred Compensation Share-based Arrangements, Liability, Current					3,982,813
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		1,199,068
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price				$ 3.45
Stock Issued During Period, Shares, Issued for Services	117,000
Shares Issued, Price Per Share	$ 3.45
Trading Price One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price				$ 3.45
Stock Issued During Period, Shares, Issued for Services				500,800
Shares Issued, Price Per Share				$ 1
Trading Price Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price				$ 1
Stock Issued During Period, Shares, Issued for Services				1,050,502
Shares Issued, Price Per Share				$ 1
Staff [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Share-based Arrangements, Liability, Current			$ 0
Common Stock [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Benefits and Share-based Compensation					7,965,624
Allocated Share-based Compensation Expense					$ 4,345,993
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price		$ 5.98
Share Price		$ 5.98
Common Stock [Member] | Professionals [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period		132,787
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price		$ 5.98
Share Price		$ 5.98

CONTINGENCIES (Details)

CONTINGENCIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Sep. 22, 2015
Gain Contingencies [Line Items]
Line of Credit Facility, Capacity Available for Trade Purchases	$ 13,000,000
Stock Issued During Period Shares Collateral	5,708,312
Shanghai, P.R.C [Member]
Gain Contingencies [Line Items]
Line of Credit Facility, Capacity Available for Trade Purchases		$ 20,000,000

RELATED PARTY TRANSACTIONS - (D

RELATED PARTY TRANSACTIONS - (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Due To Directors Current	$ 1,165,621	$ 2,046,499
Accounts Receivable, Net, Current	98,528,589	101,652,131
Revenues	135,598,314	141,670,563
Service [Member]
Related Party Transaction [Line Items]
Revenues	1,719,247	11,127,393
Solomon Yip Kun Lee [Member]
Related Party Transaction [Line Items]
Due To Directors Current	1,165,621	2,046,499
Tri Way Industries Limited [Member]
Related Party Transaction [Line Items]
Due To Directors Current	59,413,091	57,354,208
Accounts Receivable, Net, Current	39,321,639	60,799,365
Tri Way Industries Limited [Member] | Service [Member]
Related Party Transaction [Line Items]
Revenues	$ 1,719,247	$ 11,127,393

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Numerator for basic earnings per share attributable to the Company's common stockholders:
Net income used in computing basic earnings per share	$ (10,342,267)	$ 17,323,337
Basic earnings per share	$ (0.21)	$ 0.46
Basic weighted average shares outstanding	49,963,607	37,336,164
DILUTED
Net income used in computing diluted earnings per share	$ (10,342,267)	$ 17,323,337
Diluted earnings per share	$ (0.21)	$ 0.46
Diluted weighted average shares outstanding	49,963,607	37,336,164
Continuing Operations [Member]
Numerator for basic earnings per share attributable to the Company's common stockholders:
Net income used in computing basic earnings per share	$ (10,342,267)	$ 17,323,337
Basic earnings per share	$ (0.21)	$ 0.46
Basic weighted average shares outstanding	49,963,607	37,336,164
DILUTED
Net income used in computing diluted earnings per share	$ (10,342,267)	$ 17,323,337
Diluted earnings per share	$ (0.21)	$ 0.46
Diluted weighted average shares outstanding	49,963,607	37,336,164