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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 2,306,430 $ 10,592,572
Accounts receivable, net 151,607 125,991
Inventory, net 14,601,346 7,041,864
Prepaid expenses and other current assets 831,839 965,298
Total current assets 17,891,222 18,725,725
Property and equipment, net 156,335 15,667
Deferred tax assets 325,030 45,488
Right-of-use lease assets 485,066 30,111
TOTAL ASSETS 18,857,653 18,816,991
Current liabilities    
Accounts payable 5,358,935 9,539,258
Accrued expenses and other current liabilities 1,255,714 1,282,161
Due to related parties 4,294,731 5,214,794
Income taxes payable 126,333 126,333
Current operating lease liabilities 303,923
Total current liabilities 11,339,636 16,162,546
Non-current liabilities    
Long-term operating lease liabilities 184,704
Total liabilities 11,524,340 16,162,546
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock: $0.0001 par value, 300,000,000 shares authorized, 35,042,578 and 33,300,000 shares issued and outstanding 3,504 3,330
Additional paid-in capital 5,645,322 4,291
Retained earnings 1,696,400 2,654,695
Accumulated other comprehensive loss (11,913) (7,871)
Total stockholders’ equity 7,333,313 2,654,445
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,857,653 $ 18,816,991