XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 1,134,959 $ 85,265
Restricted cash and cash equivalents 656,919 1,306,463
Accounts receivable, net 124,133 98,325
Accounts receivable – related parties, net 618,196 757,343
Due from related party – current 519,984 513,819
Short-term Investment 78,014 75,797
Prepaid expense and other current assets 347,852 150,235
Total Current Assets 3,480,057 2,987,247
Property and equipment, net 571,578 573,978
Operating lease right-of-use assets 1,098,760 1,161,141
Long-term investments 849,843 842,070
Deferred tax assets 118,191 117,110
Prepaid expenses – noncurrent 136,382 135,135
Security deposits 63,095 58,838
Prepayment for long-term investments 3,171,098 2,838,578
Due from related parties – noncurrent 1,245,933 1,141,378
Total Assets 10,734,937 9,855,475
LIABILITIES AND EQUITY    
Short-term bank loans 902,000 1,893,750
Accrued expenses and other current liabilities 2,763,271 2,909,587
Advance from customers 10,985 10,985
Operating lease liabilities – current portion 387,333 369,314
Due to related parties 1,011,347 635,893
Total Current Liabilities 5,074,936 5,819,529
Tenant security deposit 7,480 7,980
Operating lease liability – noncurrent portion 711,427 791,827
Convertible notes payable – third parties 3,206,587  
Total Liabilities 9,000,430 6,619,336
COMMITMENTS AND CONTINGENCIES
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, 33,080,740 and 32,857,329 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 33,081 32,857
Additional paid-in capital 68,048,004 67,907,479
Stock subscription receivable (1,128,700) (1,354,440)
Accumulated deficit (56,728,134) (54,904,439)
Accumulated other comprehensive income 546,237 517,128
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ Equity 1,670,488 3,098,585
Noncontrolling interest 64,019 137,554
Total Equity 1,734,507 3,236,139
Total Liabilities and Equity $ 10,734,937 $ 9,855,475