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Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 1,323,543 $ 5,828,548
Restricted cash and cash equivalents 646,604 736,667
Accounts receivable, net 47,680 280,692
Accounts receivable – related parties, net 145,399
Due from related party – current 500,000  
Inventory, net 20,489 25,975
Short-term Investment 77,583 108,147
Prepaid expense and other current assets 287,181 528,354
Total Current Assets 2,903,080 7,653,782
Property and equipment, net 566,751 525,881
Operating lease right-of-use assets 1,243,930 1,471,899
Goodwill, net
Long-term investments 816,160 932,755
Deferred tax assets 1,013,159 981,912
Prepaid expenses – noncurrent 103,218 119,309
Security deposits 57,656 41,157
Prepayment for long-term investments 2,586,658 1,153,155
Due from related parties – noncurrent 1,190,255 818,183
Total Assets 10,480,567 13,698,033
Current Liabilities    
Short-term bank loans 1,866,250 1,640,000
Accrued expenses and other current liabilities 1,201,497 1,300,803
Advance from customers 10,985 10,985
Operating lease liabilities – current portion 363,752 347,100
Due to related parties 451,826 393,424
Total Current Liabilities 3,894,310 3,692,312
Tenant security deposit 12,880 10,580
Operating lease liability – noncurrent portion 880,178 1,124,799
Total Liabilities 4,787,368 4,827,691
COMMITMENTS AND CONTINGENCIES
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, 32,632,329 and 28,926,322 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 32,632 28,926
Additional paid-in capital 66,493,649 58,113,667
Stock subscription receivable (1,580,180) (2,257,400)
Accumulated deficit (50,040,501) (38,481,200)
Accumulated other comprehensive income 113,081 539,660
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ Equity 5,918,681 8,843,653
Noncontrolling interest (225,482) 26,689
Total Equity 5,693,199 8,870,342
Total Liabilities and Equity $ 10,480,567 $ 13,698,033