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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 477,309 $ 6,809,485
Accounts receivable, net 92,149 9,705
Other receivables and prepayments, net 267,781 128,423
Advances to suppliers 152,751 386,241
Inventories, net 1,349,102 2,217,802
Other taxes receivable 374,270 281,373
Total Current Assets 2,713,362 9,833,029
Property and equipment, net 1,261,493 531,467
Construction in progress 223,772
Intangible assets, net 3,698,569
Non-marketable equity securities 1,500,043 1,500,043
Total Assets 5,698,670 15,563,108
CURRENT LIABILITIES:    
Accounts payable 234,449 47,888
Advances from customers 232,565 313,167
Accrued expenses and other current liabilities 977,119 762,873
Warranty obligation 8,671 20,234
Due to related parties- short-term borrowings 1,536,720
Total Current Liabilities 1,452,804 2,680,882
OTHER LIABILITIES    
Warrants liability 1,129,246 1,729,111
Total Liabilities 2,582,050 4,409,993
Commitments and Contingency
SHAREHOLDERS' EQUITY    
Common shares, $0.002731 par value, 50,000,000 shares authorized, 17,806,586 and 17,312,586, shares issued and outstanding at December 31, 2018 and 2017 respectively 48,630 47,281
Additional paid-in capital 40,620,772 39,233,137
Accumulated deficit (40,156,204) (31,246,202)
Accumulated other comprehensive income 2,603,422 3,118,899
Total Equity 3,116,620 11,153,115
Total liabilities and equity $ 5,698,670 $ 15,563,108