Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 6,809,485	$ 10,792,823
Accounts receivable, net	9,705	78,113
Other receivables and prepayments, net	128,423	89,520
Advances to suppliers (third parties) and a related party	386,241	238,776
Inventories, net	2,217,802	136,916
Other taxes receivable	281,373
Total Current Assets	9,833,029	11,336,148
Property and equipment, net	531,467	1,406,140
Intangible assets, net	3,698,569	3,809,849
Available-for-sale investments	1,500,043
Total Assets	15,563,108	16,552,137
CURRENT LIABILITIES:
Accounts payable	47,888	72,451
Advances from customers	313,167	106,521
Accrued expenses and other current liabilities	762,873	643,324
Warranty obligation	20,234	146,271
Due to related parties - trade		475
Due to related parties - short-term borrowings	1,536,720
Due to related parties - consideration payable to BTL		146,032
Total Current Liabilities	2,680,882	1,115,074
OTHER LIABILITIES
Warrants liability	1,729,111	1,499,362
Total Liabilities	4,409,993	2,614,436
Commitments and contingency
Shareholders' equity
Common shares, $0.002731 par value, 50,000,000 shares authorized, 17,312,586, shares issued and outstanding at December 31, 2017 and 2016	47,281	47,281
Additional paid-in capital	39,233,137	37,261,366
Accumulated deficit	(31,246,202)	(26,109,768)
Accumulated other comprehensive income	3,118,899	2,738,822
Total Equity	11,153,115	13,937,701
Total liabilities and equity	$ 15,563,108	$ 16,552,137

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Period Type:	instant

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).