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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 5,828,548 $ 4,273,208
Restricted cash and cash equivalents 736,667 728,163
Accounts receivable, net 280,692 159,712
Accounts receivable - related parties, net 145,399 143,435
Due from related parties 1,286,618 696,255
Inventory, net 25,975
Short-term investments 108,147
Prepayment for long-term investments 684,720  
Prepaid expense and other current assets 528,354 172,193
Total Current Assets 9,625,120 6,172,966
Property and equipment, net 525,881 514,834
Operating lease right-of-use assets 1,471,899 1,772,747
Goodwill, net
Long-term investments 932,755 1,190,727
Deferred tax assets 981,912 1,790,597
Prepaid expenses – noncurrent 119,309 119,315
Security deposits 41,157 45,519
Total Assets 13,698,033 11,606,705
Current Liabilities    
Accounts payable 23,044
Short-term bank loans 1,640,000 1,629,000
Short-term loan 100,000
Notes payable 106,800
Accrued expenses and other current liabilities 1,300,803 2,118,854
Advance from customers 10,985 12,070
Operating lease liabilities – current portion 347,100 316,178
Due to related parties 393,424 288,445
Convertible notes payable – related parties, current portion 250,000
Total Current Liabilities 3,692,312 4,844,391
Paycheck Protection Program Loan Payable 124,400
Tenant security deposit 10,580 19,280
Operating lease liability – noncurrent portion 1,124,799 1,456,567
Convertible notes payable – noncurrent portion 2,500,000
Total Liabilities 4,827,691 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, 28,926,322 and 24,420,526 shares issued and outstanding 28,926 24,420
Additional paid-in capital 58,113,667 40,751,807
Stock subscription receivable (2,257,400) (3,160,360)
Accumulated deficit (38,481,200) (25,642,387)
Accumulated other comprehensive income 539,660 564,860
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ equity 8,843,653 3,438,340
Noncontrolling interest 26,689 (776,273)
Total Equity 8,870,342 2,662,067
Total Liabilities and Equity $ 13,698,033 $ 11,606,705