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Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 2,717,936 $ 5,828,548
Restricted cash and cash equivalents 714,652 736,667
Accounts receivable, net 281,197 280,692
Accounts receivable – related parties, net 145,399 145,399
Due from related parties 2,715,375 1,286,618
Inventory, net 22,700 25,975
Short-term Investment 95,553 108,147
Prepayment for long-term investments 663,798 684,720
Prepaid expense and other current assets 631,321 528,354
Total Current Assets 7,987,931 9,625,120
Property and equipment, net 598,648 525,881
Operating lease right-of-use assets 1,382,695 1,471,899
Goodwill, net
Long-term investments 904,254 932,755
Deferred tax assets 1,036,830 981,912
Prepaid expenses – noncurrent 115,664 119,309
Security deposits 40,733 41,157
Total Assets 12,066,755 13,698,033
LIABILITIES AND EQUITY    
Short-term bank loans 1,609,750 1,640,000
Accrued expenses and other current liabilities 1,247,558 1,300,803
Advance from customers 10,985 10,985
Operating lease liabilities – current portion 349,008 347,100
Due to related parties 446,397 393,424
Total Current Liabilities 3,663,698 3,692,312
Tenant security deposit 7,980 10,580
Operating lease liability – noncurrent portion 1,033,686 1,124,799
Total Liabilities 4,705,364 4,827,691
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, 30,307,329 and 28,926,322 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 30,307 28,926
Additional paid-in capital 62,578,549 58,113,667
Stock subscription receivable (2,031,660) (2,257,400)
Accumulated deficit (44,476,640) (38,481,200)
Accumulated other comprehensive income 426,321 539,660
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ Equity 7,426,877 8,843,653
Noncontrolling interest (65,486) 26,689
Total Equity 7,361,391 8,870,342
Total Liabilities and Equity $ 12,066,755 $ 13,698,033