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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents (Included $12,532 and $17,493 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of March 31, 2022 and December 31, 2021, respectively) $ 2,441,891 $ 2,597,848
Accounts receivable 3,363
Amount due from related parties 4,757 7,004
Inventories 379,964 375,535
Prepaid taxes (Included $1,538 and $1,357 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of March 31, 2022 and December 31, 2021, respectively) 316,272 636,218
Prepayments and deposits 240,307 295,517
Total Current Assets 3,386,554 3,912,122
OTHER ASSETS    
Property and equipment, net 195,621 215,799
Intangible assets, net 3,178 3,660
Operating right-of-use assets 205,532 237,718
Investment in marketable securities 71,064 89,001
Investment in non-marketable securities 1,500 1,500
Deferred offering costs 264,735 264,735
Total Other Assets 741,630 812,413
TOTAL ASSETS 4,128,184 4,724,535
CURRENT LIABILITIES    
Accounts payable 13,621 13,715
Accounts payable – a related party 8,281
Customer deposits 106,146 279,689
Operating lease liabilities 163,857 157,094
Other payables and accrued liabilities ($1,822 and $1,548 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of March 31, 2022 and December 31, 2021, respectively) 742,438 858,355
Other payable – a related party 19,341
Income tax payable 4,320 3,988
Total Current Liabilities 1,058,004 1,312,841
NON-CURRENT LIABILITIES    
Operating lease liabilities 44,606 83,484
Deferred tax liabilities 23,406 15,574
Total Non-current Liabilities 68,012 99,058
TOTAL LIABILITIES 1,126,016 1,411,899
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Stock, par value $0.0001; 1,000,000,000 shares authorized, 75,452,012 and 290,460,047 shares issued and outstanding as of March 31, 2022 and December 31, 2021 respectively 7,545 29,046
Additional paid in capital 6,470,716 6,449,215
Accumulated deficit (3,557,784) (3,258,687)
Accumulated other comprehensive income 81,375 93,398
TOTAL AGAPE CORPORATION STOCKHOLDERS’ EQUITY 3,001,852 3,312,972
NON-CONTROLLING INTERESTS 316 (336)
TOTAL EQUITY 3,002,168 3,312,636
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,128,184 $ 4,724,535