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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 9,350,615 $ 7,423,198
Accounts receivable, net 630,759 390,241
Advance to suppliers 237,361 27,745,184
Inventories 48,458,672 29,724,665
Prepaid expenses and other receivables 389,539 173,607
Current assets of discontinued operations 0 3,041,976
Total Current Assets 59,066,946 68,498,871
Noncurrent Assets    
Plant, property and equipment, net 459,362 136,512
Operating lease right-of-use assets, net 2,521,209 2,658,344
Lease deposit 72,769 43,260
Goodwill 218,606 218,606
Deferred tax assets 117,952 0
Total Noncurrent Assets 3,389,898 3,056,722
Total Assets 62,456,844 71,555,593
Current Liabilities    
Accounts payable 597,593 417,918
Operating lease liability, current 665,440 481,068
Advance from customers 53,902 26,450
Accrued liabilities and other payables 360,307 301,764
Other loans 316,096 0
Income tax payable 186,960 22,055
Current liabilities of discontinued operations 0 215,445
Total Current Liabilities 2,180,298 1,464,700
Noncurrent Liabilities    
Other loans 150,000 0
Operating lease liability, non-current 1,905,562 2,211,061
Income tax payable 1,642,176 1,833,286
Total Noncurrent Liabilities 3,697,738 4,044,347
Total Liabilities 5,878,036 5,509,047
Contingencies and Commitments
Stockholders' Equity    
Common stock, $0.001 par value; 15,000,000 shares authorized, 5,762,604 and 5,741,604 shares issued and outstanding; as of September 30, 2020 and December 31, 2019, respectively 5,762 5,741
Additional paid-in capital 40,367,285 40,221,062
Statutory reserves 6,241 6,241
Accumulated other comprehensive income 417,774 0
Treasury stock, at cost, 172,870 shares as of September 30, 2020 and December 31, 2019 (616,193) (616,193)
Retained earnings 16,397,939 26,429,695
Total Stockholders' Equity 56,578,808 66,046,546
Total Liabilities and Stockholders' Equity $ 62,456,844 $ 71,555,593