Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

7. Income Taxes (Details - Tax expense)

v3.8.0.1
7. Income Taxes (Details - Tax expense) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
[1]
Dec. 31, 2015
Dec. 31, 2015
[1]
Current tax        
Total current tax expense, net $ 158,639 $ 42,367 $ 21,507 [1]  
Deferred tax        
In respect of the current year 15,867 (130,306) 122,386 [1]  
Total income tax expense/(benefit) recognized in the current year relating to continuing operations 174,506 (87,939) $ 143,893 $ 143,893
Current Year Tax [Member]        
Current tax        
Total current tax expense, net 166,252 34,261   183,005
Deferred tax        
In respect of the current year 15,867 (130,306)   122,386
Prior Year Tax [Member]        
Current tax        
Total current tax expense, net (14,227) 6,663   (12,664)
Others Fiscal Unit [Member]        
Current tax        
Total current tax expense, net [2] $ 6,614 $ 1,443   $ (148,834)
[1] Restated for discontinued operations (see note 9 - Discontinued Operations).
[2] During 2016, the Italian fiscal authority issued a new tax rule beginning in the fiscal year ended December 31, 2015 and continuing through 2017 allowing utilization of fiscal unit structure in tax reporting to offset and utilize operating losses amongst subsidiaries with common ownership, resulting in tax benefits to the Group.