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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 3,170,102 $ 6,276,106
Accounts receivable, net 389,943 103,397
Advance to suppliers 42,802 707,264
Inventories 12,760,772 17,656,175
Prepaid expenses 309,359 406,366
Other receivables 30,245 120,634
Tax receivable 949 299,011
Total Current Assets 16,704,172 25,568,953
Noncurrent Assets    
Plant, property and equipment, net 383,408 510,680
Operating lease right-of-use assets, net 2,720,438 3,158,734
Lease deposit 69,729 72,651
Goodwill 218,606 218,606
Total Noncurrent Assets 3,392,181 3,960,671
Total Assets 20,096,353 29,529,624
Current Liabilities    
Accounts payable 928,452 358,362
Operating lease liability, current 740,635 731,284
Advance from customers 178,507 394,376
Accrued liabilities and other payables 362,356 326,679
Other loan interest payable 1,389 3,696
Total Current Liabilities 2,211,339 1,814,397
Noncurrent Liabilities    
Other Loan 150,000 150,000
Operating lease liability, non-current 2,136,793 2,577,567
Income tax payable 1,157,603 1,543,472
Total Noncurrent Liabilities 3,444,396 4,271,039
Total Liabilities 5,655,735 6,085,436
Contingencies and Commitments
Stockholders’ Equity    
Common stock, $0.001 par value; 15,000,000 shares authorized, 6,951,049 and 6,836,742 shares issued and outstanding; as of September 30, 2022 and December 31, 2021, respectively 6,951 6,837
Additional paid-in capital 43,147,149 42,660,383
Accumulated other comprehensive (loss) income (806,054) 381,850
Accumulated deficits (27,907,428) (19,604,882)
Total Stockholders’ Equity 14,440,618 23,444,188
Total Liabilities and Stockholders’ Equity $ 20,096,353 $ 29,529,624