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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 123,645 $ 144,295
Restricted cash and cash equivalents 16,148 16,148
Accounts receivable, net 110,217 163,566
Accounts receivable - related parties, net 143,677 143,278
Due from related parties 337,778 333,682
Inventory, net
Prepaid expense and other current assets 71,026 77,269
Total Current Assets 802,491 878,238
Property and equipment, net 505,408 520,930
Operating lease right-of-use assets 449,683 524,445
Goodwill, net
Long-term investments 3,264,200 3,364,619
Deferred tax assets 1,487,364 1,460,033
Prepaid expenses - noncurrent 112,173 135,443
Security deposits 43,890 44,103
Total Assets 6,665,209 6,927,811
Current Liabilities    
Accounts payable 20,363 23,995
Short-term bank loans 1,910,250 1,918,500
Short-term loan 100,000
Long-term bank loans - current portion 3,332 13,403
Notes payable 99,300 100,200
Accrued expenses and other current liabilities 2,502,749 2,007,573
Advance from customers 13,089 13,085
Operating lease liabilities – current portion 282,715 304,248
Due to related parties 715,303 425,689
Convertible notes payable - current portion 820,000 820,000
Convertible notes payable - related parties, current portion 1,187,500 1,187,500
Total Current Liabilities 7,654,601 6,814,193
Tenant security deposit 2,880 2,880
Operating lease liability – noncurrent portion 179,994 235,555
Total Liabilities 7,837,475 7,052,628
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 19,488,168 and 19,478,168 shares issued and outstanding 19,488 19,478
Additional paid-in capital 28,222,862 28,180,348
Stock subscription receivable (3,837,580) (4,063,320)
Accumulated deficit (17,098,761) (15,851,223)
Other comprehensive income 657,302 663,753
Treasury stock (9,100,000) (9,100,000)
Total Stockholders' deficit (1,136,689) (150,964)
Noncontrolling interest (35,577) 26,147
Total Equity (Deficit) (1,172,266) (124,817)
Total Liabilities and Equity (Deficit) $ 6,665,209 $ 6,927,811