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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 2,615,073 $ 4,273,208
Restricted cash and cash equivalents 718,163 728,163
Accounts receivable, net 392,532 159,712
Accounts receivable - related parties, net 145,075 143,435
Due from related parties 702,889 696,255
Inventory, net
Prepaid expense and other current assets 631,721 172,193
Total Current Assets 5,205,453 6,172,966
Property and equipment, net 504,952 514,834
Operating lease right-of-use assets 1,714,740 1,772,747
Goodwill, net
Long-term investments 1,126,884 1,190,727
Deferred tax assets 1,815,755 1,790,597
Prepaid expenses – noncurrent 117,639 119,315
Security deposits 40,639 45,519
Total Assets 10,526,062 11,606,705
Current Liabilities    
Accounts payable 10,334 23,044
Short-term bank loans 1,615,250 1,629,000
Short-term loan 100,000 100,000
Notes payable 105,300 106,800
Accrued expenses and other current liabilities 2,135,912 2,118,854
Advance from customers 12,070 12,070
Operating lease liabilities – current portion 331,179 316,178
Other payable 44,103  
Due to related parties 312,152 288,445
Convertible notes payable - related parties, current portion   250,000
Total Current Liabilities 4,666,300 4,844,391
Paycheck Protection Program loan payable 236,498 124,400
Tenant security deposit 11,080 19,280
Operating lease liability – noncurrent portion 1,383,560 1,456,567
Convertible notes payable – noncurrent portion 2,500,000 2,500,000
Total Liabilities 8,797,438 8,944,638
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, 24,420,526 and 24,420,526 shares issued and outstanding 24,420 24,420
Additional paid-in capital 40,751,807 40,751,807
Stock subscription receivable (2,934,620) (3,160,360)
Accumulated deficit (26,770,892) (25,642,387)
Accumulated other comprehensive income 601,000 564,860
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ Equity 2,571,715 3,438,340
Noncontrolling interest (843,091) (776,273)
Total Equity 1,728,624 2,662,067
Total Liabilities and Equity $ 10,526,062 $ 11,606,705