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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 3,715,609 $ 4,273,208
Restricted cash and cash equivalents 734,163 728,163
Short-term Investment 111,320
Accounts receivable, net 331,367 159,712
Accounts receivable - related parties, net 141,826 143,435
Due from related parties 561,085 696,255
Inventory, net 60,007
Prepayment for long-term investments 639,738
Prepaid expense and other current assets 815,916 172,193
Total Current Assets 7,111,031 6,172,966
Property and equipment, net 527,764 514,834
Operating lease right-of-use assets 1,554,280 1,772,747
Goodwill, net
Long-term investments 1,006,533 1,190,727
Deferred tax assets 1,993,789 1,790,597
Prepaid expenses – noncurrent 120,320 119,315
Security deposits 41,099 45,519
Total Assets 12,354,816 11,606,705
Current Liabilities    
Accounts payable 16,497 23,044
Short-term bank loans 1,637,250 1,629,000
Short-term loan 100,000
Notes payable 106,800
Accrued expenses and other current liabilities 1,133,748 2,118,854
Advance from customers 10,985 12,070
Operating lease liabilities – current portion 342,131 316,178
Due to related parties 298,269 288,445
Convertible notes payable - related parties, current portion 250,000
Total Current Liabilities 3,438,880 4,844,391
Paycheck Protection Program loan payable 104,167 124,400
Tenant security deposit 9,880 19,280
Operating lease liability – noncurrent portion 1,212,148 1,456,567
Convertible notes payable – noncurrent portion 2,500,000
Total Liabilities 4,765,075 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, 27,935,783 and 24,420,526 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 27,935 24,420
Additional paid-in capital 49,716,411 40,751,807
Stock subscription receivable (2,483,140) (3,160,360)
Accumulated deficit (30,548,946) (25,642,387)
Accumulated other comprehensive income 981,718 564,860
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ Equity 8,593,978 3,438,340
Noncontrolling interest (1,004,237) (776,273)
Total Equity 7,589,741 2,662,067
Total Liabilities and Equity $ 12,354,816 $ 11,606,705