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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 135,705 $ 144,295
Restricted cash and cash equivalents 16,148 16,148
Accounts receivable, net 146,715 163,566
Accounts receivable - related parties, net 146,078 143,278
Due from related parties 632,517 333,682
Inventory, net
Prepaid expense and other current assets 100,626 77,269
Total Current Assets 1,177,789 878,238
Property and equipment, net 506,159 520,930
Operating lease right-of-use assets 1,842,988 524,445
Goodwill, net  
Long-term investments 1,192,070 3,364,619
Deferred tax assets 1,648,579 1,460,033
Prepaid expenses – noncurrent 116,918 135,443
Security deposits 44,882 44,103
Total Assets 6,529,385 6,927,811
Current Liabilities    
Accounts payable 23,074 23,995
Short-term bank loans 1,698,750 1,918,500
Short-term loan 100,000
Long-term bank loans  – current portion   13,403
Notes payable 126,917 100,200
Accrued expenses and other current liabilities 2,730,783 2,007,573
Advance from customers 13,417 13,085
Operating lease liabilities – current portion 311,740 304,248
Due to related parties 540,866 425,689
Convertible notes payable – current portion 250,000 820,000
Convertible notes payable – related parties, current portion 250,000 1,187,500
Total Current Liabilities 6,045,547 6,814,193
Paycheck Protection Program Loan Payable 124,400
Tenant security deposit 20,030 2,880
Operating lease liability – noncurrent portion 1,531,248 235,555
Total Liabilities 7,721,225 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, 20,393,903 and 19,478,168 shares issued and outstanding 20,394 19,478
Additional paid-in capital 29,948,811 28,180,348
Subscribed stock 2,153,231
Stock subscription receivable (3,386,100) (4,063,320)
Accumulated deficit (20,794,104) (15,851,223)
Other comprehensive income 621,350 663,753
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ deficit (536,418) (150,964)
Noncontrolling interest (655,422) 26,147
Total Equity (Deficit) (1,191,840) (124,817)
Total Liabilities and Equity (Deficit) $ 6,529,385 $ 6,927,811