American Education Center (AMCT) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 16, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-201029
Entity Registrant Name	AMERICAN EDUCATION CENTER, INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	38-3941544
Entity Address, Address Line One	1 Rockefeller Plaza,
Entity Address, City or Town	10thNew York,
Entity Address, Postal Zip Code	10020
City Area Code	(646)
Local Phone Number	722-2931
Title of 12(g) Security	None
Trading Symbol	None
Entity Address, State or Province	NY
Security Exchange Name	NONE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,137,803
Entity Central Index Key	0001626556
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Current assets:
Cash	$ 541,844	$ 911,658
Accounts receivable, net of allowance for doubtful accounts of $3,575,615 and $3,575,615 at June 30, 2021 and December 31, 2020, respectively	72,580	141,667
Prepaid expenses	168,903	212,826
Total current assets	783,327	1,266,151
Noncurrent assets:
Other long-term receivable, net	38,720	0
Fixed Asset, net	6,320	7,520
Deferred income taxes	1,051,718	948,066
Intangible asset, net	84,000	124,046
Goodwill	139,725	139,725
Operating lease right-of-use asset	276,326	315,293
Security deposits	23,544	23,297
Total noncurrent assets	1,620,353	1,557,947
TOTAL ASSETS	2,403,680	2,824,098
Current liabilities:
Accounts payable and accrued expenses	2,648,219	2,321,811
Taxes payable	2,108	332
Deferred revenue	95,000	101,687
Advances from clients	0
Short-term loan from related party	0	1,072,797
Operating lease liability - current portion	90,595	82,997
Total current liabilities	2,835,922	3,579,624
Noncurrent liabilities:
Operating lease liability	204,714	248,838
Long-term loan from related party	929,282	0
Long-term loan	236,070	313,275
Total liabilities	4,205,988	4,141,737
Stockholders' equity:
Common stock, $0.001 par value; 450,000,000 shares authorized; 59,137,803 shares issued and outstanding at June 30, 2021 and December 31, 2020 respectively	60,138	60,138
Additional paid-in capital	8,535,659	8,535,659
Treasury stock at cost, 1,000,000 shares at 0.66 per share	(660,000)	(660,000)
Subscription receivables	(592,305)	(592,305)
Retained earnings	(9,152,399)	(8,677,883)
Accumulated other comprehensive income	(59,449)	(52,335)
Total controlling interest	(1,843,356)	(1,361,726)
Noncontrolling Interest	41,048	44,087
Total stockholders' equity	(1,802,308)	(1,317,639)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,403,680	2,824,098
Series B Preferred Stock
Stockholders' equity:
Preferred stock	25,000	25,000
Total stockholders' equity	25,000	25,000
Series A Preferred Stock
Stockholders' equity:
Preferred stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Allowance for Doubtful Accounts Receivable (in dollars)	$ 3,575,615	$ 3,575,615
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001
Common Stock, Shares Authorized	450,000,000	450,000,000
Common Stock, Shares, Issued	59,137,803	59,137,803
Common Stock, Shares, Outstanding	59,137,803	59,137,803
Treasury stock at cost (shares)	1,000,000
Treasury stock at cost (in dollars per share)	$ 0.66
Series A Preferred Stock
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Series B Preferred Stock
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	25,000,000	25,000,000
Preferred Stock, Shares Outstanding	25,000,000	25,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)
Revenues	$ 63,643	$ 161,984	$ 76,953	$ 276,182
Cost of revenues	10,900	55,717	13,450	166,054
Gross profit	52,743	106,267	63,503	110,128
Operating expenses:
Selling and marketing	0	60,754	0	74,115
Research and development expenses	22		12,242
General and administrative	345,406	777,991	706,803	1,425,116
Total operating expenses	345,428	838,745	719,045	1,499,231
(Loss) from operations	(292,685)	(732,478)	(655,542)	(1,389,103)
Other income	77,588	3	77,588	317
(Loss) before provision for income taxes	(215,097)	(732,475)	(577,954)	(1,388,786)
Provision for income taxes (benefit)	(38,347)	(199,530)	(100,399)	(362,153)
Net (loss) from continuing operations including noncontrolling interest	(176,750)	(532,945)	(477,555)	(1,026,633)
Net (loss) including noncontrolling interest	(176,750)	(532,945)	(477,555)	(1,026,633)
Less: Net (loss) attributable to noncontrolling interest	(1,569)	(1,470)	(3,039)	(2,953)
Net (loss) attributable to American Education Center	(175,181)	(531,475)	(474,516)	(1,023,680)
Net (loss) including noncontrolling interest	(176,750)	(532,945)	(477,555)	(1,026,633)
Other comprehensive (loss)
Foreign currency translation (loss) income	(10,074)	(1,434)	(7,114)	5,798
Comprehensive (loss) including noncontrolling interest	(186,824)	(534,379)	(484,669)	(1,020,835)
Less: Comprehensive (loss) attributable to noncontrolling interest	(1,569)	(1,470)	(3,039)	(2,953)
Comprehensive (loss) attributable to American Education Center	$ (185,255)	$ (532,909)	$ (481,630)	$ (1,017,882)
Income (loss) earnings per common share - basic and diluted
Net income (loss) earnings per common share - basic and diluted	$ 0	$ (0.01)	$ (0.01)	$ (0.02)
Weighted average shares
Outstanding, basic and diluted	59,137,803	55,957,769	59,137,803	55,957,769

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net (loss)	$ (176,750)	$ (300,805)	$ (532,945)	$ (493,688)	$ (477,555)	$ (1,026,633)
Loss from discontinued operation, net of income taxes					0	0
Adjustments to reconcile net (loss) including noncontrolling interest to net cash (Used in) operating activities:
Deferred tax provision (benefit)					(103,652)	(303,692)
Stock-based compensation expense					0	7,000
Provision for doubtful accounts					0	463,411	$ 970,267
Depreciation expense for fixed assets	1,016		556		2,009	1,103
Gain on forgiven of PPP loan					(77,588)	0
Amortization expense for learning platform					6,000	6,000
Amortization expense					34,045	68,090
Change in operating assets and liabilities:
in other assets and liabilities					2,266	6,657
in accounts receivable					32,329	676,860
in prepaid expenses					44,580	26,517
in security deposits					0	2,548
in accounts payable and accrued expenses					324,810	(278,483)
in taxes payable					1,818	(62,368)
in deferred revenue					0	(120,500)
in lease liabilities					0	0
in advances from clients					(6,758)	0
Net cash (used in) operating activities					(217,696)	(533,490)
Cash flows from investing activities:
Purchase of fixed asset					(734)	0
Net cash used for by investing activities					(734)	0
Cash flows from financing activities:
(Repayment) of short-term loan					0	(98,434)
Proceeds from SBA Loan					0	236,588
Proceeds from (Repayment of) Loan from stockholder					(154,880)	283,082
Net cash provided by financing activities					(154,880)	421,236
Effect of exchange rates changes on cash					3,496	(574)
Net change in cash					(369,814)	(112,828)
Cash at beginning of period		$ 911,658		$ 1,035,395	911,658	1,035,395	1,035,395
Cash at end of period	541,844		922,567		541,844	922,567	$ 911,658
Less cash of discontinued operations - end of period	0		0		0	0
Cash of continuing operations - end of period	$ 541,844		$ 922,567		541,844	922,567
Supplemental disclosure of cash flow information
Cash paid for income taxes					0	12,696
Cash paid for interest					0	1,566
Non-Cash investing and financing activities:
PPP loan forgiven					$ 77,588	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(UNAUDITED) - USD ($)	Series B Preferred Stock	Common stock	Additional paid-in capital	Treasury Stock	Subscription Receivables	Retained earnings	Accumulated other comprehensive income	Noncontrolling Interest	Total
Balance at Dec. 31, 2019	$ 25,000	$ 56,797	$ 8,267,930	$ (660,000)	$ (592,305)	$ (5,924,231)	$ (4,678)	$ 49,980	$ 1,218,493
Balance (in shares) at Dec. 31, 2019	25,000,000	55,797,113		1,000,000
Net loss						(492,205)		(1,483)	(493,688)
Issuance of common stock for services		$ 700	6,300						7,000
Issuance of common stock for services (in shares)		700,000
Foreign currency translation income							7,232		7,232
Balance at Mar. 31, 2020	$ 25,000	$ 57,497	8,274,230	$ (660,000)	(592,305)	(6,416,436)	2,554	48,497	739,037
Balance (in shares) at Mar. 31, 2020	25,000,000	56,497,113		1,000,000
Balance at Dec. 31, 2019	$ 25,000	$ 56,797	8,267,930	$ (660,000)	(592,305)	(5,924,231)	(4,678)	49,980	1,218,493
Balance (in shares) at Dec. 31, 2019	25,000,000	55,797,113		1,000,000
Net loss									(1,026,633)
Foreign currency translation income									5,798
Balance at Jun. 30, 2020	$ 25,000	$ 57,497	8,274,230	$ (660,000)	(592,305)	(6,947,911)	1,120	47,027	204,658
Balance (in shares) at Jun. 30, 2020	25,000,000	56,497,113		1,000,000
Balance at Mar. 31, 2020	$ 25,000	$ 57,497	8,274,230	$ (660,000)	(592,305)	(6,416,436)	2,554	48,497	739,037
Balance (in shares) at Mar. 31, 2020	25,000,000	56,497,113		1,000,000
Net loss						(531,475)		(1,470)	(532,945)
Foreign currency translation income							(1,434)		(1,434)
Balance at Jun. 30, 2020	$ 25,000	$ 57,497	8,274,230	$ (660,000)	(592,305)	(6,947,911)	1,120	47,027	204,658
Balance (in shares) at Jun. 30, 2020	25,000,000	56,497,113		1,000,000
Balance at Dec. 31, 2020	$ 25,000	$ 60,138	8,535,659	$ (660,000)	(592,305)	(8,677,883)	(52,335)	44,087	(1,317,639)
Balance (in shares) at Dec. 31, 2020	25,000,000	59,137,803		1,000,000
Net loss						(299,335)		(1,470)	(300,805)
Foreign currency translation income							2,960		2,960
Balance at Mar. 31, 2021	$ 25,000	$ 60,138	8,535,659	$ (660,000)	(592,305)	(8,977,218)	(49,375)	42,617	(1,615,484)
Balance (in shares) at Mar. 31, 2021	25,000,000	59,137,803		1,000,000
Balance at Dec. 31, 2020	$ 25,000	$ 60,138	8,535,659	$ (660,000)	(592,305)	(8,677,883)	(52,335)	44,087	(1,317,639)
Balance (in shares) at Dec. 31, 2020	25,000,000	59,137,803		1,000,000
Net loss									(477,555)
Foreign currency translation income									(7,114)
Balance at Jun. 30, 2021	$ 25,000	$ 60,138	8,535,659	$ (660,000)	(592,305)	(9,152,399)	(59,449)	41,048	(1,802,308)
Balance (in shares) at Jun. 30, 2021	25,000,000	59,137,803		1,000,000
Balance at Mar. 31, 2021	$ 25,000	$ 60,138	8,535,659	$ (660,000)	(592,305)	(8,977,218)	(49,375)	42,617	(1,615,484)
Balance (in shares) at Mar. 31, 2021	25,000,000	59,137,803		1,000,000
Net loss						(175,181)		(1,569)	(176,750)
Foreign currency translation income							(10,074)		(10,074)
Balance at Jun. 30, 2021	$ 25,000	$ 60,138	$ 8,535,659	$ (660,000)	$ (592,305)	$ (9,152,399)	$ (59,449)	$ 41,048	$ (1,802,308)
Balance (in shares) at Jun. 30, 2021	25,000,000	59,137,803		1,000,000

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	6 Months Ended
	Jun. 30, 2021
ORGANIZATION AND BUSINESS
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS American Education Center, Inc. (“AEC New York”) is a New York corporation incorporated on November 8, 1999 and is licensed by the Department of the State of New York to engage in education related consulting services. On May 7, 2014, the President and then sole shareholder of AEC New York formed a new company, American Education Center, Inc. in the State of Nevada ("AEC Nevada"). On May 31, 2014, the President and the sole shareholder of AEC New York exchanged his 200 shares for 10,563,000 shares of AEC Nevada. The share exchange resulted in AEC New York becoming a wholly owned subsidiary of AEC Nevada (hereinafter the “Company”). AEC Southern Management Limited, a Hong Kong company (“AEC Southern HK”) was formed on December 29, 2015. AEC Southern HK then formed Qianhai Meijiao Education Consulting Management Co., Ltd. (“AEC Southern Shenzhen”) on March 29, 2016 pursuant to PRC laws, with a registered capital of RMB 5,000,000. AEC Southern HK and AEC Southern Shenzhen are wholly owned subsidiaries of the Company. On July 13, 2018, pursuant to a Business Purchase Agreement (the “Purchase Agreement”), the Company acquired 51% of the issued and outstanding equity interests of American Institute of Financial Intelligence LLC (“AIFI”), a New Jersey limited liability company formed on May 10, 2017, in exchange for 100,000 shares of the Company common stock issued to the then sole shareholder of AIFI. As a result, AIFI became a 51% majority owned subsidiary of the Company. On October 23, 2018, AEC Nevada incorporated a subsidiary, AEC Management Ltd. (“AEC BVI”) in the British Virgin Islands, pursuant to the laws of British Virgin Islands. AEC BVI is a wholly owned subsidiary of AEC Nevada, and as of the date of this report, does not have significant business activities. On May 22, 2020, AEC Southern HK formed Yiqilai (Shenzhen) Consulting Management Co., Ltd. ("AEC YQL") in Shenzhen, China on May 22, 2020 pursuant to PRC laws. AEC YQL is a wholly owned subsidiary of AEC Southern HK, and as of the date of this report, does not have significant business activities. On August 18, 2020, AEC YQL entered into a series of contractual arrangements, including an Equity Pledge Agreement, Exclusive Management Consulting Agreement, Exclusive Option Agreement, and Irrevocable Power of Attorney (collectively, the "VIE Agreements"), with Shenzhen Zhongwei Technology Co., Ltd. ("Zhongwei"), a PRC company, and Ding Xiang (Shenzhen) Investment Co., Ltd., a PRC company ("Pledgor"), the sole shareholder of Zhongwei controlled by Dewei Li and Bin Liu (collectively, the “Ding Xiang Shareholders”). Pursuant to the VIE Agreements, AEC YQL gained 100% fully control over Zhongwei and its subsidiaries. Zhongwei is involved in, among other things, e-commerce, and our company plans to leverage Zhongwei's current e-commerce platform, and to engage in business such as online education e-commerce. In consideration for entering into the transactions contemplated by the VIE Agreements, on August 18, 2020, the Company entered into a Share Issuance Agreement (the "Share Issuance Agreement") with the Ding Xiang Shareholders, whereby the Company agreed to issue to the Ding Xiang Shareholders an aggregate of 2,640,690 shares of the Company's common stock, par value $0.001. The transactions underlying the Share Issuance Agreement is closed in August 2020. ​ 1. ORGANIZATION AND BUSINESS (continued) VIE Agreements with Zhongwei Due to the restrictions imposed by PRC laws and regulations on foreign ownership of companies engaged in value-added telecommunication services and certain other businesses, we operate our businesses in which foreign investment is restricted or prohibited in the PRC through certain PRC domestic companies. As such, Zhongwei is controlled through VIE Arrangements in lieu of direct equity ownership by us or any of our subsidiaries. Such VIE Arrangements consist of a series of four agreements (collectively, the “VIE Arrangements”), which were signed on August 18, 2020. The significant terms of the VIE Arrangements by and among our wholly-owned subsidiary, AEC YQL, our consolidated variable interest entity, Zhongwei, and the shareholders of Zhongwei are as follows: Agreements that Provide Us Effective Control over Zhongwei Our PRC Wholly Foreign Owned Entity, AEC YQL, has entered into the following agreements with Zhongwei and its shareholders. Equity Pledge Agreement Pursuant to the equity interest pledge agreement dated August 18, 2020, each shareholder of Zhongwei (collectively “Shareholder”) has pledged all of its equity interest in Zhongwei to guarantee the shareholder’s and Zhongwei’s performance of their obligations under the exclusive management consulting and service agreement, exclusive option agreement and power of attorney. If Zhongwei or any of its shareholders breaches their contractual obligations under these agreements, AEC YQL, as pledgee, will be entitled to dispose the pledged equity interest entirely or partially. Each of the shareholders of Zhongwei agrees that, during the term of the equity pledge agreement, it will not dispose of the pledged equity interests or create or allow any encumbrance on the pledged equity interests without the prior written consent of AEC YQL. In addition, AEC YQL has the right to collect dividends generated by the pledged equity interest during the term of the pledge. The equity pledge agreement conforms to the validity period of the exclusive management consulting and service agreement Power of Attorney Pursuant to the power of attorney dated August 18, 2020, each shareholder of Zhongwei has irrevocably appointed AEC YQL to act as such shareholder’s exclusive attorney-in-fact to exercise all shareholder rights, including, but not limited to, voting on all matters of Zhongwei requiring shareholder approval, disposing of all or part of the shareholder’s equity interest in Zhongwei, oversee and review Zhongwei’s operation and financial information. AEC YQL is entitled to designate any person to act as such shareholder’s exclusive attorney-in-fact without notifying or the approval of such shareholder, and if required by PRC law, AEC YQL shall designate a PRC citizen to exercise such right. Each power of attorney will remain in force for so long as the Zhongwei exists. The shareholders of Zhongwei do not have the right to terminate this agreement or revoke the appointment of the attorney-in-fact without the prior written consent of AEC YQL Exclusive Management Consulting and Service Agreement Under the exclusive management consulting and service agreement between AEC YQL and Zhongwei dated August 18, 2020, AEC YQL has the exclusive right to provide Zhongwei with technical support, consulting services and other services. AEC YQL has the right to designate and appoint, at its sole discretion, any entities affiliated with the AEC YQL to provide any and all services. The service fees are calculated and paid on a yearly basis and at the amount that equals to 100% of the consolidated net profits of Zhongwei. AEC YQL may adjust the service fee at its discretion after taking into account multiple factors, such as the difficulty of the services provided, the time consumed, the content and commercial value of services provided and the market price of comparable services. AEC YQL owns the intellectual property rights arising out of the performance of this agreements. Zhongwei shall seek approval from AEC YQL prior to entering into any contracts obtaining the same or similar services as provided under the Exclusive Management Consulting and Service Agreement. This agreement will remain effective as long as Zhongwei exists, unless AEC YQL advance written notice to Zhongwei and its shareholders or upon the transfer of all the equity interest held by Zhongwei’s shareholders to AEC YQL and/or a third party designated by AEC YQL. 1. ORGANIZATION AND BUSINESS (continued) Agreements that Provide Us with the Option to Purchase the Equity Interest in Zhongwei Exclusive Option Agreement Pursuant to the exclusive option agreement dated August 18, 2020, each shareholder of Zhongwei has irrevocably granted AEC YQL an exclusive option to purchase, or have its designated person or persons to purchase, at its discretion, to the extent permitted under PRC law, all or part of the shareholder’s equity interests in Zhongwei. The purchase price is equal to the lowest price allowable under PRC laws and regulations at the time of the transfer. Zhongwei has agreed that without AEC YQL’s prior written consent, Zhongwei shall cause the persons designated by AEC YQL to be the directors and executive officers of Zhongwei, not amend its articles of association, increase or decrease the registered capital, sell or otherwise dispose of its assets or beneficial interest, create or allow any encumbrance on its assets or other beneficial interests, provide any loans to any third parties, enter into any material contract, merge with or acquire any other persons or make any investments, or distribute dividends to the shareholders. The shareholders of Zhongwei have agreed that, without AEC YQL’s prior written consent, they will not dispose of their equity interests in Zhongwei or create or allow any encumbrance on their equity interests. Moreover, without AEC YQL’s prior written consent, no dividend will be distributed to Zhongwei’s shareholders, and if any of the shareholders receives any profit, interest, dividend or proceeds of share transfer or liquidation, the shareholder must give such profit, interest, dividend and proceeds to AEC YQL. These agreements will remain effective as long as Zhongwei exists unless AEC YQL advance written notice to Zhongwei and the shareholders or upon the transfer of all the equity interest held by the shareholders to AEC YQL and/or its designee. The Company has concluded that the Company is the primary beneficiary of Zhongwei and its subsidiaries, and should consolidate their financial statements. The Company is the primary beneficiary based on the Power of Attorney entered into as part of the VIE Agreements that each equity holder of Zhongwei assigned their rights as a shareholder of Zhongwei to AEC YQL. These rights include, but are not limited to, voting on all matters of Zhongwei requiring shareholder approval, disposing of all or part of the shareholder’s equity interest in Zhongwei, oversee and review Zhongwei’s operation and financial information. As such, the Company, through AEC YQL, is deemed to hold all of the voting equity interest in Zhongwei and its subsidiaries. For the periods presented, the Company has not provided any financial or other support to either Zhongwei or its subsidiaries. However, pursuant to the Exclusive Management Consulting and Services Agreement, the Company may provide complete technical support, consulting services and other services during the term of the VIE agreements. Though not explicit in the VIE agreements, the Company may provide financial support to Zhongwei and its subsidiaries to meet its working capital requirements and capitalization purposes. The terms of the VIE Agreements and the Company’s plan of financial support to the VIEs were considered in determining that the Company is the primary beneficiary of the VIEs. Accordingly, the financial statements of the VIEs are consolidated in the Company’s consolidated financial statements. ​ 1. ORGANIZATION AND BUSINESS (continued) Based on the foregoing VIE Agreements, AEC YQL has effective 100% fully control of Zhongwei and its subsidiaries, which enables AEC YQL to receive all of their expected residual returns and absorb the expected losses of the VIE and its subsidiaries. Accordingly, the Company consolidates the accounts of Zhongwei and its subsidiaries for the periods presented herein, in accordance with Accounting Standards Codification, or ASC, 810-10, Consolidation. As of June 30, 2021, the Company’s corporate structure is as follows: ​ ​ Headquartered in New York with operations in the People’s Republic of China (“PRC”), the Company covers two market segments through two subsidiaries: (1) AEC New York capitalizes on the rising demand of middle-class families in China for quality education and work experiences in the United States (“US”) and delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the US. Its advisory services include language training, college admission advisory, on-campus advisory, internship, and start-up advisory as well as student and family services. (2) AEC BVI delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the U.S. Currently, the revenue of AEC Southern is generated from AEC Southern Shenzhen and Zhongwei. ​

RECENTLY ISSUED AND ADOPTED ACC

RECENTLY ISSUED AND ADOPTED ACCOUNTING STANDARDS	6 Months Ended
	Jun. 30, 2021
RECENTLY ISSUED AND ADOPTED ACCOUNTING STANDARDS
RECENTLY ISSUED AND ADOPTED ACCOUNTING STANDARDS	3. RECENTLY ISSUED AND ADOPTED ACCOUNTING STANDARDS In October 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810): Targeted Improvements to the Related Party Guidance for Variable Interest Entities. ASU 2018-17 changes how entities evaluate decision-making fees under the variable interest entity guidance. To determine whether decision-making fees represent a variable interest, an entity considers indirect interests held through related parties under common control on a proportional basis, rather than in their entirety. This guidance will be adopted using a retrospective approach and is effective for the Company on January 1, 2020. The Company adopted this ASU on January 1, 2020 and the standard impacted on its consolidated financial statements and related disclosures from the adoption of the new guidance in Footnote 1 and Footnote 21. In December 2019, the FASB issued ASU 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The Company adopted this ASU on January 1, 2021. The adoption of the ASU did not have an impact on our consolidated financial statements. The Company does not expect that any following recently issued accounting pronouncements will have a material effect on its consolidated financial statements: 3. RECENTLY ISSUED AND ADOPTED ACCOUNTING STANDARDS (continued) In March 2021, the FASB issued ASU 2021-03, Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events. The amendments in this Update are effective on a prospective basis for fiscal years beginning after December 15, 2019. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance as of March 30, 2021. An entity should not retroactively adopt the amendments in this Update for interim financial statements already issued in the year of adoption. The amendments in this Update also include an unconditional one-time option for entities to adopt the alternative prospectively after its effective date without assessing preferability under Topic 250, Accounting Changes and Error Corrections. In May 2021, the FASB issued ASU 2021-4, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. An entity should apply the amendments prospectively to modifications or exchanges occurring on or after the effective date of the amendments. Early adoption is permitted for all entities, including adoption in an interim period. If an entity elects to early adopt the amendments in this Update in an interim period, the guidance should be applied as of the beginning of the fiscal year that includes that interim period. The FASB is issuing this Update to clarify and reduce diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. In July 2021, the FASB issued ASU 2021-5, Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments. The amendments in this Update amend Topic 842, which has different effective dates for public business entities and most entities other than public business entities. The amendments are effective for fiscal years beginning after December 15, 2021, for all entities, and interim periods within those fiscal years for public business entities and interim periods within fiscal years beginning after December 15, 2022, for all other entities. The amendments in this Update address stakeholders’ concerns by amending the lease classification requirements for lessors to align them with practice under Topic 840. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: 1)The lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in paragraphs 842-10-25-2 through 25-3; 2)The lessor would have otherwise recognized a day-one loss. ​

ACCOUNTS RECEIVABLES

ACCOUNTS RECEIVABLES	6 Months Ended
	Jun. 30, 2021
ACCOUNTS RECEIVABLES
ACCOUNTS RECEIVABLES	4. ACCOUNTS RECEIVABLES Activity in the allowance for doubtful accounts was as followings: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Accounts receivable ​ $ 3,648,195 ​ $ 3,717,282 Allowance for bad debts ​ (3,575,615) ​ (3,575,615) Accounts receivable, net ​ $ 72,580 ​ $ 141,667 ​ ​ ​ ​ ​ ​ ​ Balance, beginning of year ​ $ 3,575,615 ​ $ 2,605,348 Provision (net of recover) ​ — ​ 970,267 Amounts written off, net of recoveries ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Balance, end of year ​ $ 3,575,615 ​ $ 3,575,615 ​

FIXED ASSET, NET

FIXED ASSET, NET	6 Months Ended
	Jun. 30, 2021
FIXED ASSET, NET
FIXED ASSET, NET	5. FIXED ASSET, NET As of June 30, 2021 and December 31, 2020, fixed asset, net as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Electronic equipment ​ $ 12,167 ​ $ 11,313 Office furniture ​ 881 ​ 872 Less: accumulated depreciation ​ (6,728) ​ (4,665) ​ ​ ​ ​ ​ ​ ​ Fixed asset - net ​ $ 6,320 ​ $ 7,520 ​ For the three and six months ended June 30, 2021 and 2020, depreciation expense was $1,016 and $2,009, $556 and $1,103, respectively.

INTANGIBLE ASSET, NET

INTANGIBLE ASSET, NET	6 Months Ended
	Jun. 30, 2021
INTANGIBLE ASSET, NET
INTANGIBLE ASSET, NET	6. INTANGIBLE ASSET, NET The gross carrying amount and accumulated amortization of this asset as of June 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Intangible asset: online campus system ​ $ 612,814 ​ $ 612,814 Intangible asset: learning platform ​ 120,000 ​ 120,000 Less: accumulated amortization ​ (648,814) ​ (608,768) ​ ​ ​ ​ ​ ​ ​ Intangible asset - net ​ $ 84,000 ​ $ 124,046 ​ The Company’s customized online campus system is being amortized on a straight-line basis over four and a half years. For the three and six months ended June 30, 2021 and 2020, amortization expense was $3,000 and $40,045, and $37,045 and $74,090 respectively. The newly acquired intangible asset of software development in progress of research and development at cost of $26,973 (RMB 176,000) has been evaluated and recorded full impairment charges on December 31, 2020. The following table is the future amortization expense to be recognized: ​ ​ ​ ​ ​ Year Ending December 31, ​ 2021 ​ 6,000 2022 ​ 12,000 2023 and after ​ 66,000 ​ ​ $ 84,000 ​

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2021
GOODWILL
GOODWILL	7. GOODWILL At acquisition of the Zhongwei via VIE, the Company recognized goodwill in the amount of $139,725 which represents the amount of total consideration transferred in excess of the fair value assigned to identifiable assets acquired and liabilities assumed in a business acquisition. This goodwill should be held and used for impairment charges whenever events or changes in circumstances may trigger goodwill impairment include deterioration in economic conditions, increased competition, loss of key personnel, and regulatory action and have indicated that the carrying value exceeds fair value. The Company performed testing of goodwill impairment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value. Significant judgments required to estimate the fair value of reporting units include estimating future cash flows, determining appropriate discount rates and other assumptions. The Company valued the current Goodwill with its license built in is still valuable based on the results of the Company’s annual impairment testing of goodwill. Thus, no impairment of goodwill was recorded for the period ended June 30, 2021. ​

SECURITY DEPOSITS

SECURITY DEPOSITS	6 Months Ended
	Jun. 30, 2021
SECURITY DEPOSITS
SECURITY DEPOSITS	8. SECURITY DEPOSITS The Company has security deposits with the landlord for its offices of $23,544 and $23,297 as of June 30, 2021 and December 31, 2020 respectively. The Company terminated the lease of its New York office in August 2020 and the landlord retained the entire security deposits to offset the rent payable on the termination date of August 31, 2020. As of June 30, 2021, AEC New York has security deposits of $0 and AEC Shenzhen has security deposits of $23,544 (translation from RMB152,012).

CONCENTRATION OF CREDIT AND BUS

CONCENTRATION OF CREDIT AND BUSINESS RISK	6 Months Ended
	Jun. 30, 2021
CONCENTRATION OF CREDIT AND BUSINESS RISK
CONCENTRATION OF CREDIT AND BUSINESS RISK	9. CONCENTRATION OF CREDIT AND BUSINESS RISK The Company maintains its cash accounts at two commercial banks in the US, six commercial banks in the Mainland China and one commercial bank in Hong Kong. Funds held in US banks and insured by Federal Deposit Insurance Corporation up to $250,000 per depositor, per insured bank, for each account ownership category. Funds held in the PRC banks are covered by Deposit Insurance Ordinance (index: 000014349/2015-00031) that insures RMB500,000 for the total of all depository accounts. Funds held in HK banks are insured by Hong Kong Deposit Protection Board covers up to HK$500,000 per bank for the total of all depository accounts. The Company performs ongoing evaluation of its financial institutions to limit its concentration of risk exposure. Management believes this risk is not significant due to the financial strength of the financial institutions utilized by the Company. ​ 9. CONCENTRATION OF CREDIT AND BUSINESS RISK (continued) The following table represents major customers that individually accounted for more than 10% of the Company’s gross revenue for the six months ended June 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Gross ​ ​ ​ Accounts ​ ​ ​ Revenue Percentage Receivable Percentage ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer 1 ​ $ 55,408 72.0 % $ — — % Customer 2 ​ $ 8,617 11.2 % $ — — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Gross ​ ​ ​ Accounts ​ ​ ​ Revenue Percentage Receivable Percentage ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer 1 ​ $ 103,980 37.6 % $ 1,582,433 33.6 % ​

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2021
SEGMENT REPORTING
SEGMENT REPORTING	10. SEGMENT REPORTING Operating segments have been determined on the basis of reports reviewed by the Company’s Chief Executive Officer (CEO) who is the chief operating decision maker of the Company. The CEO evaluates the business from a geographic perspective, assesses performance and allocates resources on this basis. The reportable segments are as follows: The Company has two operating segments: AEC New York (including U.S. entities) and AEC BVI (including all foreign entities). ● AEC New York delivers placement, career and other advisory services Its advisory services include language training, admission advisory, on-campus advisory, internship and start-up advisory as well as other advisory services. ● AEC BVI delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the U.S. Currently, the revenue of AEC BVI all generated from AEC Southern Shenzhen. The following table shows an analysis by segment of the assets and liabilities of operations as of June 30, 2021 December 31,2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ AEC New York AEC BVI Total Segment assets and liabilities: ​ ​ ​ Segment assets ​ $ 1,861,169 ​ ​ 542,511 ​ ​ 2,403,680 Segment liabilities ​ $ 2,645,130 ​ ​ 1,560,858 ​ ​ 4,205,988 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ AEC New York AEC BVI Total Segment assets and liabilities: ​ ​ ​ Segment assets ​ $ 2,106,006 ​ $ 718,092 ​ $ 2,824,098 Segment liabilities ​ $ 2,695,097 ​ $ 1,446,640 ​ $ 4,141,737 ​ ​ 10. SEGMENT REPORTING (Continued) Revenues from external customers, and gross profit for each business are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2021 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ Placement advisory ​ $ — ​ $ 58,512 ​ $ 58,512 Career advisory ​ 4,240 ​ — ​ 4,240 Other Revenue ​ ​ — ​ ​ 554 ​ ​ 554 Commission ​ ​ — ​ ​ 337 ​ ​ 337 Total revenue ​ $ 4,240 ​ $ 59,403 ​ $ 63,643 Gross profit ​ $ (6,660) ​ $ 59,403 ​ $ 52,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2021 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ Placement advisory ​ $ — ​ ​ 62,151 ​ ​ 62,151 Career advisory ​ ​ 4,240 ​ — ​ ​ 4,240 Other Revenue ​ — ​ 1,945 ​ 1,945 Commission ​ ​ — ​ ​ 8,617 ​ ​ 8,617 Total revenue ​ ​ 4,240 ​ ​ 72,713 ​ ​ 76,953 Gross profit ​ $ (9,210) ​ $ 72,713 ​ $ 63,503 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2020 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ ​ Placement advisory ​ $ — ​ $ 41,484 ​ $ 41,484 Career advisory ​ 120,500 ​ — ​ 120,500 Student & Family advisory ​ — ​ — ​ — Other advisory ​ ​ — ​ ​ — ​ ​ — Total revenue ​ $ 120,500 ​ $ 41,484 ​ $ 161,984 Gross profit ​ $ 66,560 ​ $ 39,707 ​ $ 106,267 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2020 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ Placement advisory ​ $ — $ 41,484 ​ $ 41,484 Career advisory ​ 234,191 ​ — ​ 234,191 Student & Family advisory ​ — ​ — ​ — Other advisory ​ ​ 507 ​ ​ — ​ ​ 507 Total revenue ​ $ 234,698 ​ $ 41,484 ​ $ 276,182.00 Gross profit ​ $ 71,808 ​ $ 38,320 ​ $ 110,128 ​

DEFERRED REVENUE

DEFERRED REVENUE	6 Months Ended
	Jun. 30, 2021
DEFERRED REVENUE
DEFERRED REVENUE	11. DEFERRED REVENUE The Company receives advance payments for services to be performed and recognizes revenue when services have been rendered. The deferred revenues as of June 30, 2021 and December 31, 2020 were $95,000 and $ 101,687, respectively.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS	12. RELATED-PARTY TRANSACTIONS The Company’s CEO has a 34% interest in Columbia International College, Inc. (“CIC”). The Company prepaid CIC $48,000 for student consulting services which are expected to be fully delivered and accounted in the second quarter of 2021. The Company’s CEO has a 40% interest in Wall Street Innovation Center, Inc. (“WSIC”), a corporation incorporated in the state of New York that focuses on career and business development activities. In the course of delivering career advisory services, the Company has engaged WSIC to assist in certain career development activities. The Company prepaid WSIC $50,000 for business consulting services to be delivered and completed in 2021. The Company’s CEO received 12,500,000 shares of Series B Convertible Preferred Stock of the Company (“Series B Preferred Stock”), par value $0.001 per share as a reward for his dedicated services to the Company on November 26, 2018. The Company repaid loan of $154,880 (translated from RMB1,000,000) to a shareholder of the Company during the year of 2021. The amounts due to this related party were $929,282 and $1,072,797 as of June 30, 2021 and December 31, 2020, respectively. The loan is non-interest bearing and non-secure, and should be paid May 19, 2023. ​ 12. RELATED-PARTY TRANSACTIONS (continued) The Company borrowed $76,687 (translated from RMB500,000) from a shareholder of the Company during the three months ended December 31, 2020. The amounts due to this related party were $77,070 and $76,687 as of June 30, 2021 and December 31, 2020, respectively. The amounts are bearing 1% annual interest rate and due on December 31, 2022. The interest expenses occurred were $383 and $0 as of June 30, 2021 and December 31, 2020, respectively.

LOANS PAYABLE

LOANS PAYABLE	6 Months Ended
	Jun. 30, 2021
LOANS PAYABLE
LOANS PAYABLE	13. LOANS PAYABLE On December 1, 2014, an unrelated party loaned the Company $295,579, with interest at 10%. The loan was fully paid off as of March 31, 2020. Interest expenses for the three and six months ended June 30, 2021 and 2020 were $0 and $776 respectively. On May 4, 2020, the Company received a loan of $77,588 from the Paycheck Protect Program (“ PPP Loan”) under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was enacted on March 27, 2020 in the United States. In accordance with the requirements of the CARES Act, the Company used the proceeds from the PPP Loan primarily for payroll costs. The PPP Loan has a 1.00% interest rate, and is subject to the terms and conditions applicable to all loans made pursuant to the Paycheck Protection Program as administered by the SBA under the CARES Act. The PPP Loan Forgiveness has been approved on April 12, 2021. On April 24, 2020, AEC New York received an advance in the amount of $9,000 from the U.S. Small Business Administration (“SBA”) under the Economic Injury Disaster Loan (“EIDL”) program administered by the SBA, which program was expanded pursuant to the CARES Act. On June 1, 2020, Company received total proceeds of $150,000 under the SBA's EIDL program. The EIDL loan has a 3.75% interest rate, and is subject to the terms and conditions applicable to all loans made pursuant to the EIDL Program as administered by the SBA. The Company has used all the proceeds of this loan as working capital to alleviate economic injury caused by COVID-19 occurring in 2020.

LEASE COMMITMENTS

LEASE COMMITMENTS	6 Months Ended
	Jun. 30, 2021
LEASE COMMITMENTS
LEASE COMMITMENTS	14. LEASE COMMITMENTS The Company has two operating leases for offices in different cities during 2020. In December 2014, the Company entered into a lease for 10,086 square feet of office space in New York, NY, with an unrelated party, expiring on July 31, 2025 In May 2019, the Company entered into a lease of office space in Shenzhen, Guangdong, PRC with an unrelated party, expiring on April 30, 2024. The lease commenced on May 1, 2019. We determined the present value of the future lease payment using a discount rate of 8.16%, our incremental borrowing rate based on SBA loan borrowing rate, resulting in an initial right-of-use asset of $414,157 (RMB2,899,099) and lease liability of $399,048 (RMB2,793,341) on the commenced date of May 1, 2019, which are being amortized ratably over the term of the lease. As of June 30, 2021, the balance of net right-of-use asset was $276,326, and lease liability was $295,309 (including $90,595 for current portion and $204,714 for noncurrent portion). ​ 14. LEASE COMMITMENTS (continued) Future minimum lease commitments are as follows on June 30, 2021: ​ ​ ​ ​ ​ ​ Gross Lease Year Ending December 31, Payment ​ ​ ​ ​ 2021 ​ 54,771 2022 ​ ​ 113,925 2023 and thereafter ​ 161,788 ​ ​ $ 330,484 Less: Present value adjustment ​ (35,175) Operating lease liability ​ $ 295,309 ​ Payments under operating leases are expensed on a straight-line basis over the periods of their respective leases. The total rent expense was approximately $33,050 and $66,000, and $129,110, $261,137 (including AEC New York lease before its termination in August 2020) for the three and six months ended June 30, 2021 and 2020, respectively.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
INCOME TAXES
INCOME TAXES	15. INCOME TAXES The component of deferred tax assets on June 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Net operating loss carryforwards $ 716,205 $ 612,553 Allowance for bad debt ​ 1,132,524 ​ 1,132,524 Accelerated Depreciation ​ — ​ — Allowance for deferred tax asset ​ (797,011) ​ (797,011) Deferred tax asset, net ​ $ 1,051,718 ​ $ 948,066 ​ ​ 15. INCOME TAXES (continued) The provision for income taxes and deferred income taxes for the three and six months ended June 30, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ 2021 2020 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current: ​ ​ ​ ​ ​ ​ Federal ​ $ ​ ​ $ — ​ $ ​ ​ $ — State ​ 3,253 ​ — ​ 3,253 ​ — Foreign ​ ​ ​ — ​ ​ ​ — Total current ​ 3,253 ​ — ​ 3,253 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: ​ ​ ​ ​ Federal ​ (24,385) ​ (116,851) ​ (60,154) ​ (212,087) State ​ (17,215) ​ (82,679) ​ (43,498) ​ (150,066) Foreign ​ — ​ — ​ ​ ​ — Total deferred ​ ​ (41,600) ​ ​ (199,530) ​ ​ (103,652) ​ ​ (362,153) ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — Total ​ $ (38,347) ​ $ (199,530) ​ $ (100,399) ​ $ (362,153) ​ The Company conducts business globally and, as a result, files income tax returns in the US federal jurisdiction, state and city, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world, including jurisdictions in the US. The Company is subject to income tax examination of US federal, state, and city tax returns for 2020, 2019 and 2018 tax years. The Company, to its knowledge, is not currently under examination nor has it been notified by the authorities. A reconciliation of the provision for income taxes, with the amount computed by applying the statutory effective income tax rate for the three and six months ended June 30, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended For the six months ended ​ ​ June 30, ​ June 30, ​ ​ 2021 2020 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax at federal statutory rate 21.0 % 21.0 % 21.0 % 21.0 % State and local taxes, net of federal benefit 11.0 11.0 ​ 11.0 11.0 ​ PRC statutory income tax rate 25.0 25.0 ​ 25.0 25.0 ​ Non-deductible/ non-taxable items ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total 57 % 57 % 57 % 57 % ​

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS	16. FINANCIAL INSTRUMENTS Fair values The Company’s financial instruments from continuing operations approximate include cash and cash equivalents and prepaid expenses and other current assets which approximate to fair value due to their short-term nature and include cash accounts. The Company’s borrowings approximate fair value as the rates of interest are similar to what they would receive from other financial institutions. The carrying amounts of these financial assets and liabilities are a reasonable estimate of their fair values because of their current nature. The following table summarizes the carrying values of the Company’s financial assets and liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Cash and cash equivalents ​ $ 541,844 ​ $ 911,658 Accounts receivable, prepaid expenses and other current assets ​ 241,483 ​ 354,493 Other financial liabilities (i) ​ 2,835,922 ​ 3,579,624 (i) Accounts payable, accrued expenses and other current liabilities, advance from customers, and income tax payable. The Company classifies its fair value measurements in accordance with the three-level fair value hierarchy as follows: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly (i.e. as prices) or indirectly (i.e. derived from prices), and Level 3 – Inputs that are not based on observable market data. The financial assets and liabilities carried at fair value on a recurring basis on June 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial Assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 541,844 ​ $ — ​ $ — ​ $ 541,844 Other financial assets ​ 241,483 ​ — ​ — ​ 241,483 Total Financial assets ​ $ 783,327 ​ $ — ​ $ — ​ $ 783,327 Financial Liabilities ​ ​ ​ ​ ​ ​ Other liabilities ​ $ 2,835,922 ​ $ — ​ $ — ​ $ 2,835,922 Total Financial Liabilities ​ $ 2,835,922 ​ $ — ​ $ — ​ $ 2,835,922 ​ ​ 16. FINANCIAL INSTRUMENTS (continued) The financial assets and liabilities carried at fair value on a recurring basis on December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial Assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 911,658 ​ $ — ​ $ — ​ $ 911,658 Other financial assets ​ 354,493 ​ — ​ — ​ 354,493 Total Financial Assets ​ $ 1,266,151 ​ $ — ​ $ — ​ $ 1,266,151 Financial Liabilities ​ ​ ​ ​ ​ ​ Other liabilities ​ $ 3,579,624 ​ $ — ​ $ — ​ $ 3,579,624 Total Financial Liabilities ​ $ 3,579,624 ​ $ — ​ $ — ​ $ 3,579,624 ​ Interest rate and credit risk Financial instruments that potentially subject the Company to concentrations of credit risks consist principally of cash and cash equivalents, and net accounts receivable. The Company minimizes the interest rate and credit risk of cash by placing deposits with financial institutions located in the United States and Mainland China. Management believes that there is no significant credit risk arising from the Company’s financial instruments. Financial assets past due The following table provides information regarding the aging of financial assets that are past due, but which are not impaired on June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than ​ 90 days to ​ Over ​ Carrying ​ 90 days 1 year 1 year Value Accounts receivable, net ​ $ — ​ $ — ​ $ 72,580 ​ $ 72,580 Other receivable ​ $ — ​ $ — ​ $ — ​ $ — Total accounts receivable, net ​ $ — ​ $ — ​ $ 72,580 ​ $ 72,580 ​ The Company determines past due amounts by reference to terms agreed with individual clients. None of the net amounts outstanding have been challenged by the respective clients and the Company continues to conduct business with them on an ongoing basis and does not consider its current accounts receivable to be past due.

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Jun. 30, 2021
STOCK OPTIONS
STOCK OPTIONS	17. STOCK OPTIONS The Company did not grant any stock options during the six months ended June 30, 2021. The following is a summary of stock option activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ Shares Price Life Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding on December 31, 2020 ​ 3,200,000 ​ $ 2.45 ​ 2.87 years ​ $ — Granted ​ — ​ ​ — ​ — ​ ​ — Exercised ​ — ​ ​ — ​ — ​ ​ — Cancelled and expired — ​ — — ​ — Forfeited — ​ — — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding on June 30, 2021 3,200,000 ​ $ 2.45 2.37 years ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest on June 30, 2021 3,200,000 ​ $ 0.89 0.74 years ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable on June 30, 2021 3,200,000 ​ $ 0.89 0.74 years ​ $ — ​ The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock. There were no options exercised during the six months ended June 30, 2021 and 2020. The estimated fair value of these options was $0, therefore no compensation expense was recognized for the periods ended June 30, 2021 and 2020.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2021
COMMON STOCK
COMMON STOCK	18. COMMON STOCK The Company is authorized to issue 450,000,000 shares of Common Stock, par value $0.001. Stocks issued to employees and for services In January 2020, the Company entered into agreements pursuant to which it issued an aggregate of 700,000 shares of the Company’s common stock to 2 individuals who are either employees of the Company or have been service providers to the Company, for employment-based compensation or services provided, respectively. Stocks issued for business acquisition On August 18, 2020, AEC YQL entered into a series of contractual arrangements, including Equity Pledge Agreement, Exclusive Management Consulting Agreement, Exclusive Option Agreement, and Irrevocable Power of Attorney (collectively, the "VIE Agreements"), with Shenzhen Zhongwei Technology Co., Ltd. ("Zhongwei"), a PRC company, and Ding Xiang (Shenzhen) Investment Co., Ltd., a PRC company ("Pledgor"), the sole shareholder of Zhongwei. Pursuant to the VIE Agreements, the Company entered into a Share Issuance Agreement (the "Share Issuance Agreement") with the Ding Xiang Shareholders, whereby the Company agreed to issue to the Ding Xiang Shareholders an aggregate of 2,640,690 shares of the Company's common stock, par value $0.001. The transactions underlying the Share Issuance Agreement is closed in August 2020. Refer to Footnote 20 Business Acquisition.

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Jun. 30, 2021
PREFERRED STOCK
SERIES B PREFERRED STOCK	19. PREFERRED STOCK Series B Convertible Preferred Stock The Company is authorized to issue 25,000,000 shares of Series B Preferred Stock out of the 50,000,000 unissued shares of preferred stock of the Company, par value $0.001 per share. Series B Preferred Stock is senior in rights of payment, including dividend rights and liquidation preference, to the Company’s common stock but junior to Series A Preferred Stock with respect to liquidation preference. Holders of shares of Series B Preferred Stock are entitled to vote with shareholders of the Company’s common stock, voting together as a single class, except on matters that require a separate vote of the holders of Series B Preferred Stock. In any such vote, each share of Series B Preferred Stock is entitled to 20 votes per share. Each share of Series B Preferred Stock shall, upon the approval of the board of directors of the Company and without the payment of additional consideration by such holder thereof, be convertible into one fully paid and non-assessable share of the Company’s common stock at a conversion price of $1 per share. The Company has 25,000,000 shares of Series B Convertible Preferred Stock issued and outstanding as of June 30, 2021 and December 31, 2020, respectively.

BUSINESS ACQUISITION

BUSINESS ACQUISITION	6 Months Ended
	Jun. 30, 2021
BUSINESS ACQUISITION
BUSINESS ACQUISITION	20. BUSINESS ACQUISITION Acquisition of Shenzhen Zhongwei Technology Co., Ltd. On August 18, 2020, the Company entered into a series of contractual arrangements, including an Equity Pledge Agreement, Exclusive Management Consulting Agreement, Exclusive Option Agreement, and Irrevocable Power of Attorney (collectively, the "VIE Agreements"), with Shenzhen Zhongwei Technology Co., Ltd. ("Zhongwei"), a PRC company, and Ding Xiang (Shenzhen) Investment Co., Ltd., a PRC company ("Pledgor"), the sole shareholder of Zhongwei. Pursuant to the VIE Agreements, the Company entered into a Share Issuance Agreement (the "Share Issuance Agreement") with the Ding Xiang Shareholders, whereby the Company agreed to issue to the Ding Xiang Shareholders an aggregate of 2,640,690 shares at $0.1 per share for total $264,070 of the Company's common stock, par value $0.001. The Acquisition has been accounted for as a business combination, under the acquisition method of accounting, which results in acquired assets and assumed liabilities being measured at their fair values as of the Acquisition Date. As of the Acquisition Date, goodwill is measured as the excess of consideration transferred, which is also generally measured at fair value of the net acquisition date fair values of the assets acquired and liabilities assumed. Based upon the purchase price allocations, the following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the Acquisition Date: ​ ​ ​ ​ ​ Cash $ 94,425 Accounts receivable, net ​ — R&D (Software development in progress) ​ 25,428 Other current assets ​ 812 Property and equipment ​ 3,684 Total assets acquired on the book value ​ $ 124,349 ​ ​ ​ ​ Other payables ​ $ (4) Total liabilities assumed ​ (4) Net assets acquired on the book value ​ 124,345 Goodwill ​ 139,725 Total purchase price ​ $ 264,070 ​

VARIABLE INTEREST ENTITY

VARIABLE INTEREST ENTITY	6 Months Ended
	Jun. 30, 2021
VARIABLE INTEREST ENTITY
VARIABLE INTEREST ENTITY	21. VARIABLE INTEREST ENTITY On August 18, 2020, AEC YQL entered into VIE Agreements with Zhongwei and its shareholders. The following amounts of Zhongwei are included in the accompanying consolidated financial statements for six months ended June 30,2021 and the years ended December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 ASSETS ​ ​ Cash and cash equivalents ​ $ 72,101 ​ $ 137,222 Fixed Assets, Net ​ 2,496 ​ 3,254 Prepaid expenses ​ 8,352 ​ 7,159 Total assets ​ 82,949 ​ $ 147,635 ​ ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ Accounts payables and accrued expenses ​ $ 5,597 ​ $ 5,849 Deferred revenue ​ — ​ 6,687 Total Liabilities ​ 5,597 ​ $ 12,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended For the year ended ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Revenues ​ $ 6,744 ​ $ 22,375 Income from Operations ​ 6,744 ​ 20,733 Net Income ​ $ (59,054) ​ $ (69,396) ​ Risks of variable interest entity structure In the opinion of management, (i) the corporate structure of the Company is in compliance with existing PRC laws and regulations; (ii) the VIE Arrangements are valid and binding, and do not result in any violation of PRC laws or regulations currently in effect; and (iii) the business operations of WFOE and the VIE are in compliance with existing PRC laws and regulations in all material respects. However, there are substantial uncertainties regarding the interpretation and application of current and future PRC laws and regulations. Accordingly, the Company cannot be assured that PRC regulatory authorities will not ultimately take a contrary view to the foregoing opinion of its management. If the current corporate structure of the Company or the VIE Arrangements is found to be in violation of any existing or future PRC laws and regulations, the Company may be required to restructure its corporate structure and operations in the PRC to comply with changing and new PRC laws and regulations. In the opinion of management, the likelihood of loss in respect of the Company’s current corporate structure or the VIE Arrangements is remote based on current facts and circumstances. Although currently substantially all of our revenue comes from our wholly owned subsidiaries, instead of our VIE, our VIE in China and our investors may face uncertainty about future actions by the government of China that could significantly affect the VIE and our subsidiaries’ financial performance and operations, including the enforceability of the VIE Agreements.

COMMITMENTS & CONTINGENCY

COMMITMENTS & CONTINGENCY	6 Months Ended
	Jun. 30, 2021
COMMITMENTS & CONTINGENCY
COMMITMENTS & CONTINGENCY	22. COMMITMENTS & CONTINGENCY A contingency should be recognized at its acquisition date fair value if that value can be determined. (The guidance in Topic 820 is used to determine fair value). If the acquisition-date fair value of contingency cannot be determined, then an asset or liability is recognized for the contingency if it’s probable at the acquisition date that such asset or liability exists and if its amount is reasonable estimable. ​ 22. COMMITMENTS & CONTINGENCY (continued) A contingency is not recognized for a contingency in the accounting for a business combination if: a) its fair value cannot be determined and b) the probable and reasonably estimate criteria are not met. Instead, the contingency is disclosed and accounted for subsequent to the acquisition date in accordance with Topic 450. Pursuant to the Purchase Agreement, the contingent consideration consisted of compensatory arrangement for services to be performed by the officers of the acquiree, and such amounts are to be determined in the future by both parties; therefore, the fair value cannot be determined at the acquisition date. The Company as an acquirer did not recognize a liability at the acquisition date.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2021
GOING CONCERN
GOING CONCERN	23. GOING CONCERN Substantial doubt about the Company’s ability to continue as a going concern exists when conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. Our current operating results indicate that substantial doubt exists related to the Company's ability to continue as a going concern. We believe that the new education platforms acquired may mitigate the substantial doubt raised by our current operating results and with additional funding from a shareholder of the Company will be sufficient to meet its anticipated needs for working capital and satisfying our estimated liquidity needs 12 months from the date of the financial statements. However, we cannot predict, with certainty, the outcome of our actions to generate liquidity, including the availability of additional debt financing, or whether such actions would generate the expected liquidity as currently planned.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2021
SUBSEQUENT EVENT
SUBSEQUENT EVENT	24. SUBSEQUENT EVENT The Company’s management has performed subsequent events procedures through the date the financial statements were available to be issued. There were no subsequent events requiring adjustment to or disclosure in the consolidated financial. ​

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary to give a fair presentation have been included. During 2020, the Company acquired 100% control of Zhongwei via VIE (Footnote 1). As the result, this VIE’s financial results of operations, assets, and liabilities (Footnote 21) are consolidated with the Company’s consolidated financial statements. All inter-company transactions and balances have been eliminated upon consolidation.
Cash	Cash Cash consists of all cash balances and liquid investments with an original maturity of three months or less are considered as cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable are carried at net realizable value. The Company maintains an allowance for doubtful accounts, periodically evaluates its accounts receivable balances and makes general and/or specific allowances when there is doubt as to their collectability. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balances, customers’ historical payment history, their current credit-worthiness and current economic trends. Accounts receivable are written off against the allowance only after exhaustive collection efforts.
Foreign Currency Translation	Foreign Currency Translation The Company’s functional currency is US dollars. The Company has six bank accounts located in the mainland China and one located in Hong Kong. Translation adjustments arising from the use of different exchange rates, in the circumstance any subsidiary’s functional currency is not US dollars, from period to period are included as a separate component of accumulated other comprehensive income included in statements of changes in stockholders’ equity. Gain and losses from foreign currency transactions are included in the consolidated statements of operations and comprehensive income.
Revenue Recognition	Revenue Recognition The Company adopted ASU No. 2014-09, Topic 606 on January 1, 2018, using the modified retrospective method. ASC 606 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. ​ 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Revenue Recognition (continued) AEC New York delivers customized high school and college placement, career advisory as well as student and family services. Fees related to such advisory services that are collected from individuals are generally paid to the Company in advance and they are recorded as deferred revenue. Revenues are recognized proportionally as services are rendered or upon completion. Fees related to our advisory services provided by AEC New York to corporate customers (such as staffing agencies and placement agencies) are generally collected after services are provided and are recorded as accounts receivable. AEC Shenzhen delivers customized high school and college placement and career advisory services. Fees related to such advisory services are generally paid to the Company in advance and they are recorded as deferred revenue. Revenues are recognized proportionally as services are rendered or upon completion. For the six months ended June 30, 2021, the revenue of $76,953 was all realized from services completed.
Property and equipment, net	Property and equipment, net Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: ​ ​ ​ ​ ​ Estimated useful lives (years) Office furniture 5 Electronic equipment 3
Goodwill and Intangible Asset	Goodwill and Intangible Asset Goodwill arises from business acquisition and is generally determined as the excess of fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquire, over the fair value of the nets assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized but tested for impairment at least annually or more frequently in events and circumstances exists that indicate that a goodwill impairment test should be performed. The Company adopted (ASU) 2017-04, Intangibles—Goodwill and Other (Topic 350) in 2018, using Simplifying the Test for Goodwill Impairment, which eliminated the calculation of implied goodwill fair value. Instead, companies will record an impairment charge based on the excess of a reporting unit’s carrying amount of goodwill over its fair value. The Company valued the current Goodwill with its license built in is still valuable based on the results of the Company’s annual impairment testing of goodwill, no impairment charges were deemed necessary. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on our balance sheet. The Company’s finite-lived intangible asset consists of a customized online campus system that was acquired from a third party. The system is used to provide online training for career advisory services. The asset was recorded at cost on the acquisition date and is amortized on a straight-line basis over its economic useful life. ​ 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Goodwill and Intangible Asset (continued) The Company reviews its finite-lived intangible asset for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of the asset to be held and used is measured by a comparison of the carrying amount of an asset to its undiscounted future net cash flows expected to be generated by the asset. If such asset is not recoverable, a potential impairment loss is recognized to the extent the carrying amount of the asset exceeds its fair value. Fair value is generally determined using a discounted cash flow approach. Acquired intangible assets other than goodwill with finite lives are stated at cost less accumulated amortization if there is any. Intangible assets mainly represent the software development in progress of R&D at cost, less accumulated amortization on a straight-line basis over an estimated life of ten years. The Company evaluated the acquired online application in the amount of $26,973 (RMB 176,000) and recorded full impairment charges on December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ Residual ​ useful ​ ​ value ​ lives Intangible Asset ​ rate ​ (years) Software 0 % 3 ​
Impairment of Long-lived Assets	Impairment of Long-lived Assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and carrying amount.
Stock-Based Compensation	Stock-Based Compensation The Company uses the fair value-based method for stock issued for services rendered and therefore all awards to employees and non-employees will be recorded at the market price on the date of the grant and expensed over the required period of services to be rendered. The fair value of stock options issued to third party consultants and to employees, officers and directors are recorded in accordance with the measurement and recognition criteria of FASB ASC 505-50, “Equity-Based Payments to Non-Employees” and FASB ASC 718, “Compensation – Stock Based Compensation,” respectively. The options are valued using the Black-Scholes valuation model. This model is affected by the Company’s stock price as well as assumptions regarding a few subjective variables. These subjective variables include but are not limited to the Company’s expected stock price volatility over the expected term of the awards, and actual and projected stock option and warrant exercise behaviors and forfeitures. ​
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes,” which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred tax assets and liabilities represent the future tax consequences for those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. A valuation allowance is established when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 also addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on derecognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. On June 30, 2021 and December 31, 2020, the Company does not have a liability for any unrecognized tax benefits. The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows: United States (“US”) On December 22, 2017, the U.S. Tax Cuts and Jobs Act (TCJA) was signed into law. The TCJA results in significant revisions to the U.S. corporate income tax system, including a reduction in the U.S. corporate income tax rate, implementation of a territorial system and a one-time deemed repatriation tax on untaxed foreign earnings. Generally, the impacts of the new legislation would be required to be recorded in the period of enactment. The Company is subject to Federal corporate income tax in the US at 21%. Provisions for income taxes for the United States have been made for the periods ended June 30, 2021. British Virgin Island (“BVI”) According to BVI corporate taxation, there is a zero-rated income tax regime for all BVI-domiciled corporate entities, and there is no concept of residence applicable to BVI corporate taxation. AEC BVI was incorporated in the BVI and is governed by the laws of the BVI. Hong Kong AEC Southern HK was formed in Hong Kong. Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non-Hong Kong source income. For the income that is Hong Kong related, the Company is subjected to corporate income tax at 16.5%. ​ 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The People’s Republic of China (“PRC”) AEC Southern Shenzhen, AEC YQL and Zhongwei were incorporated in the PRC. Pursuant to the income tax laws of China, the Company is not subject to tax on non-China source income. The Company is subject to corporate tax in China at 25% for the net taxable income. AEC Southern Shenzhen has no income tax for the six months ended June 30, 2021 due to the net operating loss for the period. The provisions of ASC 740-10-25, “Accounting for Uncertainty in Income Taxes,” prescribe a more-likely-than-not threshold for consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This ASC also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures.
Fair Value Measurements	Fair Value Measurements FASB ASC 820, “Fair Value Measurement,” specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy: Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include cash, accounts receivable, prepaid expenses, accounts payable and accrued expenses, taxes payable, and loan from stockholders. As of June 30, 2021 and December 31, 2020, respectively, the carrying values of these financial instruments approximated their fair values due to their short-term nature. COVID-19 Outbreak As the COVID-19 pandemic continues into 2021, it has impacted the Company’s operations and financial results since the second quarter of 2020 and continues to impact the Company. The future impact of COVID-19 on the Company’s financial condition and results of operations will depend on a number of factors, including factors that we may not be able to forecast at this time. ​
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Earnings (Loss) per Share	Earnings (Loss) per Share Earnings (loss) per share is calculated in accordance with FASB ASC 260, “Earnings Per Share.” Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding during the period. Diluted earnings per share is based on the assumption that all dilutive convertible shares and stock options are converted or exercised. 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 period. Options and warrants are only dilutive when the average market price of the underlying common stock exceeds the exercise price of the options or warrants because it is unlikely that they would be exercised if the exercise price were higher than the market price.
Related Party Transactions	Related Party Transactions A related party is generally defined as (i) any person and or their immediate family hold 10% or more of the company’s securities (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company conducts business with its related parties in the ordinary course of business. Related parties may be individuals or corporate entities. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature.
Selling and Marketing	Selling and Marketing Selling and marketing costs are related to promoting, advertising, and other marketing activities, and are expensed as incurred. For the periods ended June 30, 2021 and 2020, the marketing and advertising expenses were $0 and $74,115, respectively.
Noncontrolling interest	Noncontrolling interest According to Financial Accounting Standards Board (FASB) Statement No. 160, the noncontrolling interest shall be reported in the consolidated statement of financial position within equity, separately from the parent’s equity. That amount shall be clearly identified and labeled, for example, as noncontrolling interest in subsidiaries. An entity with noncontrolling interests in more than one subsidiary may present those interests in aggregate in the consolidated financial statements. ​
Bargain Purchase	Bargain Purchase According to Financial Accounting Standards Board (FASB) Accounting Standards, a barging purchase is defined as a business combination in which the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred plus any noncontrolling interest in the acquiree, and it requires the acquirer to recognize that excess in earnings as a gain attributable to the acquire.
Contingent Consideration	Contingent Consideration The Company recognizes the fair value of any contingent consideration that is transferred to the seller in a business combination on the date at which control of the acquiree is obtained. This value is generally determined through a probability-weighted analysis of the expected cash flows. Contingent consideration is classified as a liability or as equity on the basis of the definitions of an equity instrument and a financial liability. The contingent consideration is payable in cash and, accordingly, the Company classified its contingent consideration as a liability. It is not remeasured, and any gain or loss on settlement at an amount different from its carrying value will be recognized in net income in the period during which it is settled.
Leases	Leases The Company determined if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and short- and long-term lease liabilities in our consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our consolidated balance sheets.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of property and equipment, net	​ ​ ​ ​ ​ Estimated useful lives (years) Office furniture 5 Electronic equipment 3
Schedule of intangible asset	​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ Residual ​ useful ​ ​ value ​ lives Intangible Asset ​ rate ​ (years) Software 0 % 3

ACCOUNTS RECEIVABLES (Tables)

ACCOUNTS RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2021
ACCOUNTS RECEIVABLES
Schedule of accounts receivables	Activity in the allowance for doubtful accounts was as followings: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Accounts receivable ​ $ 3,648,195 ​ $ 3,717,282 Allowance for bad debts ​ (3,575,615) ​ (3,575,615) Accounts receivable, net ​ $ 72,580 ​ $ 141,667 ​ ​ ​ ​ ​ ​ ​ Balance, beginning of year ​ $ 3,575,615 ​ $ 2,605,348 Provision (net of recover) ​ — ​ 970,267 Amounts written off, net of recoveries ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Balance, end of year ​ $ 3,575,615 ​ $ 3,575,615

FIXED ASSETS, NET (Tables)

FIXED ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2021
FIXED ASSET, NET
Schedule of Fixed asset net	As of June 30, 2021 and December 31, 2020, fixed asset, net as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Electronic equipment ​ $ 12,167 ​ $ 11,313 Office furniture ​ 881 ​ 872 Less: accumulated depreciation ​ (6,728) ​ (4,665) ​ ​ ​ ​ ​ ​ ​ Fixed asset - net ​ $ 6,320 ​ $ 7,520

INTANGIBLE ASSET, NET (Tables)

INTANGIBLE ASSET, NET (Tables)	6 Months Ended
	Jun. 30, 2021
INTANGIBLE ASSET, NET
Schedule of gross carrying amount and accumulated amortization	The gross carrying amount and accumulated amortization of this asset as of June 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Intangible asset: online campus system ​ $ 612,814 ​ $ 612,814 Intangible asset: learning platform ​ 120,000 ​ 120,000 Less: accumulated amortization ​ (648,814) ​ (608,768) ​ ​ ​ ​ ​ ​ ​ Intangible asset - net ​ $ 84,000 ​ $ 124,046
Schedule of future amortization expense to be recognized	The following table is the future amortization expense to be recognized: ​ ​ ​ ​ ​ Year Ending December 31, ​ 2021 ​ 6,000 2022 ​ 12,000 2023 and after ​ 66,000 ​ ​ $ 84,000

CONCENTRATION OF CREDIT AND B_2

CONCENTRATION OF CREDIT AND BUSINESS RISK (Tables)	6 Months Ended
	Jun. 30, 2021
CONCENTRATION OF CREDIT AND BUSINESS RISK
Schedule of major customers that individually accounted for more than 10% of gross revenue	The following table represents major customers that individually accounted for more than 10% of the Company’s gross revenue for the six months ended June 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Gross ​ ​ ​ Accounts ​ ​ ​ Revenue Percentage Receivable Percentage ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer 1 ​ $ 55,408 72.0 % $ — — % Customer 2 ​ $ 8,617 11.2 % $ — — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Gross ​ ​ ​ Accounts ​ ​ ​ Revenue Percentage Receivable Percentage ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer 1 ​ $ 103,980 37.6 % $ 1,582,433 33.6 %

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2021
SEGMENT REPORTING
Schedule of segment reporting assets and liabilities	The following table shows an analysis by segment of the assets and liabilities of operations as of June 30, 2021 December 31,2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ AEC New York AEC BVI Total Segment assets and liabilities: ​ ​ ​ Segment assets ​ $ 1,861,169 ​ ​ 542,511 ​ ​ 2,403,680 Segment liabilities ​ $ 2,645,130 ​ ​ 1,560,858 ​ ​ 4,205,988 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ AEC New York AEC BVI Total Segment assets and liabilities: ​ ​ ​ Segment assets ​ $ 2,106,006 ​ $ 718,092 ​ $ 2,824,098 Segment liabilities ​ $ 2,695,097 ​ $ 1,446,640 ​ $ 4,141,737
Schedule of segment reporting revenue from external customers	Revenues from external customers, and gross profit for each business are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2021 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ Placement advisory ​ $ — ​ $ 58,512 ​ $ 58,512 Career advisory ​ 4,240 ​ — ​ 4,240 Other Revenue ​ ​ — ​ ​ 554 ​ ​ 554 Commission ​ ​ — ​ ​ 337 ​ ​ 337 Total revenue ​ $ 4,240 ​ $ 59,403 ​ $ 63,643 Gross profit ​ $ (6,660) ​ $ 59,403 ​ $ 52,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2021 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ Placement advisory ​ $ — ​ ​ 62,151 ​ ​ 62,151 Career advisory ​ ​ 4,240 ​ — ​ ​ 4,240 Other Revenue ​ — ​ 1,945 ​ 1,945 Commission ​ ​ — ​ ​ 8,617 ​ ​ 8,617 Total revenue ​ ​ 4,240 ​ ​ 72,713 ​ ​ 76,953 Gross profit ​ $ (9,210) ​ $ 72,713 ​ $ 63,503 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2020 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ ​ Placement advisory ​ $ — ​ $ 41,484 ​ $ 41,484 Career advisory ​ 120,500 ​ — ​ 120,500 Student & Family advisory ​ — ​ — ​ — Other advisory ​ ​ — ​ ​ — ​ ​ — Total revenue ​ $ 120,500 ​ $ 41,484 ​ $ 161,984 Gross profit ​ $ 66,560 ​ $ 39,707 ​ $ 106,267 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2020 ​ AEC New York AEC BVI Total Segment revenue: ​ ​ ​ Placement advisory ​ $ — $ 41,484 ​ $ 41,484 Career advisory ​ 234,191 ​ — ​ 234,191 Student & Family advisory ​ — ​ — ​ — Other advisory ​ ​ 507 ​ ​ — ​ ​ 507 Total revenue ​ $ 234,698 ​ $ 41,484 ​ $ 276,182.00 Gross profit ​ $ 71,808 ​ $ 38,320 ​ $ 110,128

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
LEASE COMMITMENTS
Schedule of future minimum lease commitments	Future minimum lease commitments are as follows on June 30, 2021: ​ ​ ​ ​ ​ ​ Gross Lease Year Ending December 31, Payment ​ ​ ​ ​ 2021 ​ 54,771 2022 ​ ​ 113,925 2023 and thereafter ​ 161,788 ​ ​ $ 330,484 Less: Present value adjustment ​ (35,175) Operating lease liability ​ $ 295,309

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2021
INCOME TAXES
Schedule of component of deferred tax assets	The component of deferred tax assets on June 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Net operating loss carryforwards $ 716,205 $ 612,553 Allowance for bad debt ​ 1,132,524 ​ 1,132,524 Accelerated Depreciation ​ — ​ — Allowance for deferred tax asset ​ (797,011) ​ (797,011) Deferred tax asset, net ​ $ 1,051,718 ​ $ 948,066
Schedule of provision for income taxes and deferred income taxes	The provision for income taxes and deferred income taxes for the three and six months ended June 30, 2021 and 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ 2021 2020 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current: ​ ​ ​ ​ ​ ​ Federal ​ $ ​ ​ $ — ​ $ ​ ​ $ — State ​ 3,253 ​ — ​ 3,253 ​ — Foreign ​ ​ ​ — ​ ​ ​ — Total current ​ 3,253 ​ — ​ 3,253 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred: ​ ​ ​ ​ Federal ​ (24,385) ​ (116,851) ​ (60,154) ​ (212,087) State ​ (17,215) ​ (82,679) ​ (43,498) ​ (150,066) Foreign ​ — ​ — ​ ​ ​ — Total deferred ​ ​ (41,600) ​ ​ (199,530) ​ ​ (103,652) ​ ​ (362,153) ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — Total ​ $ (38,347) ​ $ (199,530) ​ $ (100,399) ​ $ (362,153)
Schedule of reconciliation of the provision for income taxes	A reconciliation of the provision for income taxes, with the amount computed by applying the statutory effective income tax rate for the three and six months ended June 30, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended For the six months ended ​ ​ June 30, ​ June 30, ​ ​ 2021 2020 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax at federal statutory rate 21.0 % 21.0 % 21.0 % 21.0 % State and local taxes, net of federal benefit 11.0 11.0 ​ 11.0 11.0 ​ PRC statutory income tax rate 25.0 25.0 ​ 25.0 25.0 ​ Non-deductible/ non-taxable items ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total 57 % 57 % 57 % 57 %

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
FINANCIAL INSTRUMENTS
Schedule of carrying value financial assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Cash and cash equivalents ​ $ 541,844 ​ $ 911,658 Accounts receivable, prepaid expenses and other current assets ​ 241,483 ​ 354,493 Other financial liabilities (i) ​ 2,835,922 ​ 3,579,624 (i) Accounts payable, accrued expenses and other current liabilities, advance from customers, and income tax payable.
Schedule of financial assets and liabilities carried at fair value on a recurring basis	The financial assets and liabilities carried at fair value on a recurring basis on June 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial Assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 541,844 ​ $ — ​ $ — ​ $ 541,844 Other financial assets ​ 241,483 ​ — ​ — ​ 241,483 Total Financial assets ​ $ 783,327 ​ $ — ​ $ — ​ $ 783,327 Financial Liabilities ​ ​ ​ ​ ​ ​ Other liabilities ​ $ 2,835,922 ​ $ — ​ $ — ​ $ 2,835,922 Total Financial Liabilities ​ $ 2,835,922 ​ $ — ​ $ — ​ $ 2,835,922 ​ ​ 16. FINANCIAL INSTRUMENTS (continued) The financial assets and liabilities carried at fair value on a recurring basis on December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Financial Assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 911,658 ​ $ — ​ $ — ​ $ 911,658 Other financial assets ​ 354,493 ​ — ​ — ​ 354,493 Total Financial Assets ​ $ 1,266,151 ​ $ — ​ $ — ​ $ 1,266,151 Financial Liabilities ​ ​ ​ ​ ​ ​ Other liabilities ​ $ 3,579,624 ​ $ — ​ $ — ​ $ 3,579,624 Total Financial Liabilities ​ $ 3,579,624 ​ $ — ​ $ — ​ $ 3,579,624 ​
Schedule of financial assets past due	The following table provides information regarding the aging of financial assets that are past due, but which are not impaired on June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than ​ 90 days to ​ Over ​ Carrying ​ 90 days 1 year 1 year Value Accounts receivable, net ​ $ — ​ $ — ​ $ 72,580 ​ $ 72,580 Other receivable ​ $ — ​ $ — ​ $ — ​ $ — Total accounts receivable, net ​ $ — ​ $ — ​ $ 72,580 ​ $ 72,580 ​

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Jun. 30, 2021
STOCK OPTIONS
Schedule of stock option activities	The following is a summary of stock option activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic ​ Shares Price Life Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding on December 31, 2020 ​ 3,200,000 ​ $ 2.45 ​ 2.87 years ​ $ — Granted ​ — ​ ​ — ​ — ​ ​ — Exercised ​ — ​ ​ — ​ — ​ ​ — Cancelled and expired — ​ — — ​ — Forfeited — ​ — — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding on June 30, 2021 3,200,000 ​ $ 2.45 2.37 years ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest on June 30, 2021 3,200,000 ​ $ 0.89 0.74 years ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable on June 30, 2021 3,200,000 ​ $ 0.89 0.74 years ​ $ —

BUSINESS ACQUISITION (Tables)

BUSINESS ACQUISITION (Tables)	6 Months Ended
	Jun. 30, 2021
BUSINESS ACQUISITION
Schedule of estimated fair value of the assets acquired and liabilities assumed	​ ​ ​ ​ ​ Cash $ 94,425 Accounts receivable, net ​ — R&D (Software development in progress) ​ 25,428 Other current assets ​ 812 Property and equipment ​ 3,684 Total assets acquired on the book value ​ $ 124,349 ​ ​ ​ ​ Other payables ​ $ (4) Total liabilities assumed ​ (4) Net assets acquired on the book value ​ 124,345 Goodwill ​ 139,725 Total purchase price ​ $ 264,070

VARIABLE INTEREST ENTITY (Table

VARIABLE INTEREST ENTITY (Tables)	6 Months Ended
	Jun. 30, 2021
VARIABLE INTEREST ENTITY
Schedule of Consolidated Variable Interest Entities	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 ASSETS ​ ​ Cash and cash equivalents ​ $ 72,101 ​ $ 137,222 Fixed Assets, Net ​ 2,496 ​ 3,254 Prepaid expenses ​ 8,352 ​ 7,159 Total assets ​ 82,949 ​ $ 147,635 ​ ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ Accounts payables and accrued expenses ​ $ 5,597 ​ $ 5,849 Deferred revenue ​ — ​ 6,687 Total Liabilities ​ 5,597 ​ $ 12,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended For the year ended ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Revenues ​ $ 6,744 ​ $ 22,375 Income from Operations ​ 6,744 ​ 20,733 Net Income ​ $ (59,054) ​ $ (69,396)

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details)	Aug. 18, 2020USD ($)$ / sharesshares	May 31, 2014shares	Jun. 30, 2021USD ($)segment	Dec. 31, 2020USD ($)	Jul. 13, 2018shares	Mar. 29, 2016CNY (¥)
ORGANIZATION AND BUSINESS
Common Stock, Value, Issued | $			$ 60,138	$ 60,138
Equity Method Investment, Ownership Percentage					51.00%
Common Stock, Capital Shares Reserved for Future Issuance					100,000
Number of Marketing Segments | segment			2
AEC New York
ORGANIZATION AND BUSINESS
Shares Exchanged By Shareholder		200
AEC Nevada
ORGANIZATION AND BUSINESS
Shares Exchanged By Shareholder		10,563,000
Qianhai Education Consulting Management Co., Ltd | Capital Units
ORGANIZATION AND BUSINESS
Common Stock, Value, Issued | ¥						¥ 5,000,000
Shenzhen Zhongwei Technology Co., Ltd
ORGANIZATION AND BUSINESS
Number of Agreements Signed | $	$ 4
Equity Method Investment, Ownership Percentage			100.00%
Number of shares agree to issue	2,640,690
Shares Issued, Price Per Share | $ / shares	$ 0.001
Service Fee Paid (as a percent)	100.00%
American Institute Of Financial Intelligence LLC [Member]
ORGANIZATION AND BUSINESS
Equity Method Investment, Ownership Percentage					51.00%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Jun. 30, 2020USD ($)	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%	21.00%	21.00%
Tax benefits recognized, percentage			50.00%	50.00%
Gross Revenue	$ 63,643	$ 161,984	$ 76,953		$ 276,182
Percentage			10.00%	10.00%	10.00%
Marketing and advertising expenses			$ 0		$ 74,115
Income tax rate	57.00%	57.00%	57.00%	57.00%	57.00%
(Benefit) provision for income taxes	$ (38,347)	$ (199,530)	$ (100,399)		$ (362,153)
Acquired online application			$ 26,973	¥ 176,000
AEC Southern HK
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Income tax rate			16.50%	16.50%
UNITED STATES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%	21.00%
Gross Revenue	$ 4,240	$ 120,500	$ 4,240		$ 234,698
People's Republic of China ("PRC")
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Income tax rate			25.00%	25.00%
People's Republic of China ("PRC") | AEC Southern Shenzhen
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Benefit) provision for income taxes			$ 0
Gross Revenue
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Gross Revenue			$ 76,953
Shenzhen Zhongwei Technology Co., Ltd
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business Acquisition, Percentage of Voting Interests Acquired						100.00%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of estimated useful lives of property and equipment (Details)	6 Months Ended
	Jun. 30, 2021
Office furniture
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Electronic equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Intangible Asset (Details)	6 Months Ended
	Jun. 30, 2021
Software development
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible asset useful life	10 years
Software
Acquired Finite-Lived Intangible Assets [Line Items]
Residual value rate	0.00%
Estimated useful lives (years)	3 years

ACCOUNTS RECEIVABLES (Details)

ACCOUNTS RECEIVABLES (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
ACCOUNTS RECEIVABLES
Accounts receivable	$ 3,648,195		$ 3,717,282
Allowance for bad debts	(3,575,615)		(3,575,615)
Accounts receivable, net	72,580		141,667
Activity in the allowance for doubtful accounts
Balance, beginning of year	3,575,615	$ 2,605,348	2,605,348
Provision (net of recover)	0	$ 463,411	970,267
Amounts written off, net of recoveries	0		0
Balance, end of year	$ 3,575,615		$ 3,575,615

FIXED ASSETS, NET - Fixed Asset

FIXED ASSETS, NET - Fixed Assets, Net (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (6,728)	$ (4,665)
Fixed asset - net	6,320	7,520
Electronic equipment
Property, Plant and Equipment [Line Items]
Fixed asset - Gross	12,167	11,313
Office furniture
Property, Plant and Equipment [Line Items]
Fixed asset - Gross	$ 881	$ 872

FIXED ASSETS, NET - Additional

FIXED ASSETS, NET - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
FIXED ASSET, NET
Depreciation expense for fixed assets	$ 1,016	$ 556	$ 2,009	$ 1,103

INTANGIBLE ASSET, NET - Gross C

INTANGIBLE ASSET, NET - Gross Carrying Amount and Accumulated Amortization (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Less: accumulated amortization	$ (648,814)	$ (608,768)
Intangible asset - net	84,000	124,046
Intangible asset: online campus system
Intangible asset, gross	612,814	612,814
Intangible asset: learning platform
Intangible asset, gross	$ 120,000	$ 120,000

INTANGIBLE ASSET, NET - Future

INTANGIBLE ASSET, NET - Future Amortization Expense (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
INTANGIBLE ASSET, NET
2022	$ 6,000
2023	12,000
2023 and after	66,000
Intangible asset - net	$ 84,000	$ 124,046

INTANGIBLE ASSET, NET - Additio

INTANGIBLE ASSET, NET - Additional Disclosure (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Jun. 30, 2020USD ($)
Amortization of Intangible Assets	$ 3,000	$ 37,045	$ 40,045		$ 74,090
Acquired online application			26,973	¥ 176,000
Software Development in Progress of research and development
Acquired online application			$ 26,973	¥ 176,000

GOODWILL (Details)

GOODWILL (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Aug. 18, 2020
Goodwill	$ 139,725	$ 139,725
Shenzhen Zhongwei Technology Co., Ltd
Goodwill			$ 139,725

SECURITY DEPOSITS (Details)

SECURITY DEPOSITS (Details)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Dec. 31, 2020USD ($)
Security deposits	$ 23,544		$ 23,297
AEC New York
Security deposits	0
AEC Shenzhen
Security deposits	$ 23,544	¥ 152,012

CONCENTRATION OF CREDIT AND B_3

CONCENTRATION OF CREDIT AND BUSINESS RISK (Details)	6 Months Ended
	Jun. 30, 2021USD ($)item	Jun. 30, 2020	Jun. 30, 2021CNY (¥)	Jun. 30, 2021HKD ($)
Cash, FDIC Insured Amount | $	$ 250,000
Cash, Uninsured Amount			¥ 500,000	$ 500,000
Concentration Risk Percentage	10.00%	10.00%
UNITED STATES
Number of commercial banks cash accounts	2
People's Republic of China ("PRC")
Number of commercial banks cash accounts	6
Hong Kong
Number of commercial banks cash accounts	1

CONCENTRATION OF CREDIT AND B_4

CONCENTRATION OF CREDIT AND BUSINESS RISK - Customers Gross Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Gross Revenue	$ 63,643	$ 161,984	$ 76,953	$ 276,182
Percentage			10.00%	10.00%
Gross Revenue
Gross Revenue			$ 76,953
Customer 1 [Member] | Gross Revenue
Gross Revenue			$ 55,408	$ 103,980
Percentage			72.00%	37.60%
Customer 1 [Member] | Accounts Receivable
Total accounts receivable	0	$ 1,582,433	$ 0	$ 1,582,433
Percentage			0.00%	33.60%
Customer 2 [Member] | Gross Revenue
Gross Revenue			$ 8,617
Percentage			11.20%
Customer 2 [Member] | Accounts Receivable
Total accounts receivable	$ 0		$ 0
Percentage			0.00%

SEGMENT REPORTING - Segment ass

SEGMENT REPORTING - Segment assets and liabilities of continuing and discontinued operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment revenue:
Total revenue	$ 63,643	$ 161,984	$ 76,953	$ 276,182
Gross profit	52,743	106,267	63,503	110,128
SEGMENT REPORTING
Segment assets	2,403,680		2,403,680		$ 2,824,098
Segment liabilities	4,205,988		4,205,988		4,141,737
UNITED STATES
Segment revenue:
Total revenue	4,240	120,500	4,240	234,698
Gross profit	(6,660)	66,560	(9,210)	71,808
SEGMENT REPORTING
Segment assets	1,861,169		1,861,169		2,106,006
Segment liabilities	2,645,130		2,645,130		2,695,097
BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue	59,403	41,484	72,713	41,484
Gross profit	59,403	39,707	72,713	38,320
SEGMENT REPORTING
Segment assets	542,511		542,511		718,092
Segment liabilities	1,560,858		1,560,858		$ 1,446,640
Placement advisory [Member]
Segment revenue:
Total revenue	58,512	41,484	62,151	41,484
Placement advisory [Member] | UNITED STATES
Segment revenue:
Total revenue	0	0
Placement advisory [Member] | BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue	58,512	41,484	62,151	41,484
Career advisory [Member]
Segment revenue:
Total revenue	4,240	120,500	4,240	234,191
Career advisory [Member] | UNITED STATES
Segment revenue:
Total revenue	4,240	120,500	4,240	234,191
Career advisory [Member] | BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue	0	0
Other Revenue [Member]
Segment revenue:
Total revenue	554
Other Revenue [Member] | UNITED STATES
Segment revenue:
Total revenue	0
Other Revenue [Member] | BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue	554
Commission
Segment revenue:
Total revenue	337		8,617
Commission | UNITED STATES
Segment revenue:
Total revenue	0
Commission | BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue	$ 337		8,617
Student & Family advisory [Member]
Segment revenue:
Total revenue		0
Student & Family advisory [Member] | UNITED STATES
Segment revenue:
Total revenue		0
Student & Family advisory [Member] | BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue		0
Other advisory [member]
Segment revenue:
Total revenue		0	1,945	507
Other advisory [member] | UNITED STATES
Segment revenue:
Total revenue		0		$ 507
Other advisory [member] | BRITISH VIRGIN ISLAND
Segment revenue:
Total revenue		$ 0	$ 1,945

SEGMENT REPORTING - Additional

SEGMENT REPORTING - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021segment
SEGMENT REPORTING
Number of Operating Segments	2

DEFERRED REVENUE (Details)

DEFERRED REVENUE (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
DEFERRED REVENUE
Deferred Revenue, Current	$ 95,000	$ 101,687

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares	Jun. 30, 2021USD ($)$ / sharesshares	Jun. 30, 2021CNY (¥)	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2020CNY (¥)shares	Nov. 26, 2018$ / sharesshares	Nov. 13, 2018$ / sharesshares
RELATED-PARTY TRANSACTIONS
Prepaid expenses	$ 212,826	$ 168,903		$ 212,826
Series B Preferred Stock
RELATED-PARTY TRANSACTIONS
Preferred stock received | shares	25,000,000	25,000,000		25,000,000	25,000,000		25,000,000
Preferred stock par value | $ / shares	$ 0.001	$ 0.001		$ 0.001			$ 0.001
Series B Preferred Stock | Chief Executive Officer [Member]
RELATED-PARTY TRANSACTIONS
Preferred stock received | shares						12,500,000
Preferred stock par value | $ / shares						$ 0.001
Student Consulting [Member]
RELATED-PARTY TRANSACTIONS
Prepaid expenses		$ 48,000
Business Consulting Services [Member]
RELATED-PARTY TRANSACTIONS
Prepaid expenses		$ 50,000
Columbia International College, Inc [Member]
RELATED-PARTY TRANSACTIONS
Interest Rate		34.00%	34.00%
Wall Street Innovation Center, Inc [Member]
RELATED-PARTY TRANSACTIONS
Interest Rate		40.00%	40.00%
Stockholder [Member]
RELATED-PARTY TRANSACTIONS
Loan from related party		$ 929,282		$ 1,072,797
Repaid loan		154,880	¥ 1,000,000
Stockholder 2 [Member]
RELATED-PARTY TRANSACTIONS
Loan from related party	$ 76,687	$ 77,070		76,687
Short-term loan due within a year | ¥					¥ 500,000
Percentage of interest rate on loan borrowed from related party		1.00%	1.00%
Interest expenses occurred		$ 383		$ 0

LOANS PAYABLE (Details)

LOANS PAYABLE (Details) - USD ($)	Apr. 24, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Jun. 01, 2020	May 04, 2020	Dec. 01, 2014
LONG-TERM LOAN
Long-term Debt, Excluding Current Maturities		$ 236,070		$ 236,070		$ 313,275			$ 295,579
Debt Instrument, Interest Rate, Effective Percentage									10.00%
Interest Expense, Debt		$ 0	$ 776	$ 0	$ 776
Paycheck Protection Program Loan
LONG-TERM LOAN
Loan amount approved and received								$ 77,588
Interest rate (in percentage)								1.00%
Economic Injury Disaster Loan
LONG-TERM LOAN
Loan amount approved and received							$ 150,000
Interest rate (in percentage)							3.75%
Economic Injury Disaster Loan | AEC New York
LONG-TERM LOAN
Loan proceeds received	$ 9,000

LEASE COMMITMENTS - Future Mini

LEASE COMMITMENTS - Future Minimum Lease Commitments (Details)	Jun. 30, 2021USD ($)	May 31, 2019USD ($)	May 31, 2019CNY (¥)
LEASE COMMITMENTS
2021	$ 54,771
2022	113,925
2023 and thereafter	161,788
Total	330,484
Less: Present value adjustment	(35,175)
Operating lease liability	$ 295,309	$ 399,048	¥ 2,793,341

LEASE COMMITMENTS - Additional

LEASE COMMITMENTS - Additional Disclosure (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)item	May 31, 2019USD ($)	May 31, 2019CNY (¥)	Dec. 31, 2014ft²
Lessee, Lease, Description [Line Items]
Area of Land | ft²								10,086
Number of Operating Lease | item					2
Operating Lease, Weighted Average Discount Rate, Percent						8.16%	8.16%
Operating Lease, Right-of-Use Asset	$ 276,326		$ 276,326		$ 315,293	$ 414,157	¥ 2,899,099
Operating Lease, Liability	295,309		295,309			$ 399,048	¥ 2,793,341
Operating Lease, Liability, Current	90,595		90,595		82,997
Operating Lease, Liability, Noncurrent	204,714		204,714		$ 248,838
Operating Leases, Rent Expense	$ 33,050	$ 129,110	$ 66,000	$ 261,137
Unrelated Party [Member]
Lessee, Lease, Description [Line Items]
Lease Expiration Date			Jul. 31, 2025

INCOME TAXES - Component of Def

INCOME TAXES - Component of Deferred Tax Assets (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
INCOME TAXES
Net operating loss carryforwards	$ 716,205	$ 612,553
Allowance for bad debt	1,132,524	1,132,524
Accelerated Depreciation	0	0
Allowance for deferred tax asset	(797,011)	(797,011)
Deferred tax asset, net	$ 1,051,718	$ 948,066

INCOME TAXES - Provision For In

INCOME TAXES - Provision For Income Taxes And Deferred Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Current:
Federal		$ 0		$ 0
State	$ 3,253	0	$ 3,253	0
Foreign		0		0
Total Current	3,253	0	3,253	0
Deferred:
Federal	(24,385)	(116,851)	(60,154)	(212,087)
State	(17,215)	(82,679)	(43,498)	(150,066)
Foreign	0	0		0
Total deferred	(41,600)	(199,530)	(103,652)	(362,153)
Total	$ (38,347)	$ (199,530)	$ (100,399)	$ (362,153)

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of The Provision For Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
INCOME TAXES
Tax at federal statutory rate	21.00%	21.00%	21.00%	21.00%
State and local taxes, net of federal benefit	11.00%	11.00%	11.00%	11.00%
PRC statutory income tax rate	25.00%	25.00%	25.00%	25.00%
Non-deductible/ non-taxable items		0.00%		0.00%
Total	57.00%	57.00%	57.00%	57.00%

FINANCIAL INSTRUMENTS - Summari

FINANCIAL INSTRUMENTS - Summarizes Carrying values (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Cash and cash equivalents	$ 541,844	$ 911,658
Continuing operations
Cash and cash equivalents	541,844	911,658
Accounts receivable, prepaid expenses and other current assets	241,483	354,493
Other financial liabilities	$ 2,835,922	$ 3,579,624

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Value on A Recurring Basis (Details) - Recurring basis - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Assets, Fair Value Disclosure
Cash and cash equivalents	$ 541,844	$ 911,658
Other financial assets	241,483	354,493
Total Financial assets	783,327	1,266,151
Liabilities, Fair Value Disclosure
Other liabilities	2,835,922	3,579,624
Total Financial Liabilities	2,835,922	3,579,624
Level 1
Assets, Fair Value Disclosure
Cash and cash equivalents	541,844	911,658
Other financial assets	241,483	354,493
Total Financial assets	783,327	1,266,151
Liabilities, Fair Value Disclosure
Other liabilities	2,835,922	3,579,624
Total Financial Liabilities	2,835,922	3,579,624
Level 2
Assets, Fair Value Disclosure
Cash and cash equivalents	0	0
Other financial assets	0	0
Total Financial assets	0	0
Liabilities, Fair Value Disclosure
Other liabilities	0	0
Total Financial Liabilities	0	0
Level 3
Assets, Fair Value Disclosure
Cash and cash equivalents	0	0
Other financial assets	0	0
Total Financial assets	0	0
Liabilities, Fair Value Disclosure
Other liabilities	0	0
Total Financial Liabilities	$ 0	$ 0

FINANCIAL INSTRUMENTS - Financi

FINANCIAL INSTRUMENTS - Financial Assets Past Due (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
FINANCIAL INSTRUMENTS
Accounts receivable, net	$ 72,580
Other receivable	0
Total accounts receivable, net	72,580	$ 141,667
Net amounts outstanding	0
Less than 90 days
FINANCIAL INSTRUMENTS
Accounts receivable, net	0
Other receivable	0
Total accounts receivable, net	0
90 days to 1 year
FINANCIAL INSTRUMENTS
Accounts receivable, net	0
Other receivable	0
Total accounts receivable, net	0
Over 1 year
FINANCIAL INSTRUMENTS
Accounts receivable, net	72,580
Other receivable	0
Total accounts receivable, net	$ 72,580

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
STOCK OPTIONS
Shares, Outstanding on Beginning	3,200,000
Shares, Granted	0
Shares, Exercised	0	0
Shares, Cancelled and expired	0
Shares, Forfeited	0
Shares, Outstanding on Ending	3,200,000		3,200,000
Shares, Vested and expected to vest on June 30, 2021	3,200,000
Shares, Exercisable on June 30, 2021	3,200,000
Weighted Average Exercise, Outstanding on Beginning	$ 2.45
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Cancelled and expired	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Outstanding on Ending	2.45		$ 2.45
Weighted Average Exercise Price, Vested and expected to vest on June 30, 2021	0.89
Weighted Average Exercise Price, Exercisable on June 30, 2021	$ 0.89
Weighted- Average Remaining Contractual Life, Outstanding	2 years 4 months 13 days		2 years 10 months 13 days
Weighted- Average Remaining Contractual Life, Vested and expected to vest on June 30, 2021	8 months 26 days
Weighted- Average Remaining Contractual Life, Exercisable on June 30, 2021	8 months 26 days
Aggregate Intrinsic Value, Outstanding	$ 0		$ 0
Aggregate Intrinsic Value, Vested and expected to vest on June 30, 2021	0
Aggregate Intrinsic Value, Exercisable on June 30, 2021	0
Estimated fair value of options	0	$ 0
Compensation expense	$ 0	$ 0

COMMON STOCK (Details)

COMMON STOCK (Details) - $ / shares	1 Months Ended
	Jan. 31, 2020	Jun. 30, 2021	Dec. 31, 2020	Aug. 18, 2020
Class of Stock [Line Items]
Stock To Be Issued During Period Shares Issued for Services And Employees	700,000
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.001
Common Stock, Shares Authorized		450,000,000	450,000,000
Shenzhen Zhongwei Technology Co., Ltd
Class of Stock [Line Items]
Shares Issued, Price Per Share				$ 0.001
Number of shares agree to issue				2,640,690

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) - $ / shares	Nov. 13, 2018	Jun. 30, 2021	Dec. 31, 2020
Series B Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Shares Issued	25,000,000	25,000,000	25,000,000
Preferred Stock, Shares Outstanding		25,000,000	25,000,000
Preferred Stock, Shares Subscribed but Unissued	50,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001	$ 0.001
Preferred Stock Convertible Conversion price	$ 1
Preferred Stock, Voting Rights	Holders of shares of Series B Preferred Stock are entitled to vote with shareholders of the Company’s common stock, voting together as a single class, except on matters that require a separate vote of the holders of Series B Preferred Stock. In any such vote, each share of Series B Preferred Stock is entitled to 20 votes per share.
Series A Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Shares Issued		0	0
Preferred Stock, Shares Outstanding		0	0
Preferred Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001

BUSINESS ACQUISITION - Estimate

BUSINESS ACQUISITION - Estimated fair value of the assets acquired and liabilities assumed (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Aug. 18, 2020
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill.	$ 139,725	$ 139,725
Shenzhen Zhongwei Technology Co., Ltd
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash			$ 94,425
R&D (Software development in progress)			25,428
Other current assets			812
Property and equipment			3,684
Total assets acquired on the book value			124,349
Other payables			(4)
Total liabilities assumed			(4)
Net assets acquired on the book value			124,345
Goodwill.			139,725
Total purchase price			$ 264,070

BUSINESS ACQUISITION - Addition

BUSINESS ACQUISITION - Additional Disclosure (Details) - Shenzhen Zhongwei Technology Co., Ltd	Aug. 18, 2020USD ($)$ / sharesshares
Shares Issued, Price Per Share	$ 0.001
Number of shares agree to issue | shares	2,640,690
Aggregate value of share under agreement | $	$ 264,070
Shares at, per share	$ 0.1

VARIABLE INTEREST ENTITY (Detai

VARIABLE INTEREST ENTITY (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 541,844		$ 541,844		$ 911,658
Fixed Asset, Net	6,320		6,320		7,520
Prepaid expenses	168,903		168,903		212,826
LIABILITIES
Accounts payables and accrued expenses	2,648,219		2,648,219		2,321,811
Deferred revenue	95,000		95,000		101,687
Total liabilities	4,205,988		4,205,988		4,141,737
Revenues	63,643	$ 161,984	76,953	$ 276,182
Income from Operations	(292,685)	(732,478)	(655,542)	(1,389,103)
Net Income	175,181	$ 531,475	474,516	$ 1,023,680
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and cash equivalents	72,101		72,101		137,222
Fixed Asset, Net	2,496		2,496		3,254
Prepaid expenses	8,352		8,352		7,159
Total assets	82,949		82,949		147,635
LIABILITIES
Accounts payables and accrued expenses	5,597		5,597		5,849
Deferred revenue					6,687
Total liabilities	$ 5,597		5,597		12,536
Revenues			6,744		22,375
Income from Operations			6,744		20,733
Net Income			$ (59,054)		$ (69,396)