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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 832,389 $ 457,495
Accounts receivable, net – third parties 2,778,727 441,703
Accounts receivable, net – related parties 86,219 93,589
Advances to suppliers, net – third parties 4,024,808 281,600
Advances to suppliers, net – related parties 3,937,567 3,842,620
Due from related parties 171,334
Loans to third-parties 516,410
Inventories, net 782,543 463,731
Prepayments and other current assets 1,473,195 389,864
Receivable from disposition of REIT Changjiang 2,310,074 7,059,559
Total Current Assets 16,913,266 13,030,161
Property, plant and equipment, net 8,964,560 9,707,602
Intangible assets, net 3,829,294 4,111,029
Long-term investment in equity investee 2,586,999 2,758,228
Right-of-use assets 580,135 278,269
Goodwill 1,023,669 1,075,778
Total Assets 33,897,923 30,961,067
Current Liabilities:    
Convertible debt 3,279,000 1,645,000
Short term loans 2,239,500 2,353,500
Advances from customers – third parties 2,563,151 2,061,203
Advances from customers – related party 192,830
Deferred grants 120,148 269,061
Accounts payable – third parties 2,633,057 2,121,313
Accounts payable – related party 10,199
Accrued expenses and other liabilities 1,867,545 3,103,056
Loans from third-parties 511,082 1,593,977
Taxes payable 2,598,904 2,599,770
Due to related parties 472,439
Deferred tax liability 344,070 370,856
Payable to acquire minority interest in subsidiary 2,090,200
Operating lease liabilities – current 264,396 155,857
Total Current Liabilities 18,703,883 16,756,231
Operating lease liabilities – noncurrent 240,752 120,558
Total Liabilities 18,944,635 16,876,789
Commitments and Contingencies
Shareholders’ Equity:    
Common Shares, $0.001 par value, 200,000,000 shares authorized, 43,108,112 and 28,965,034 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 43,109 28,966
Additional paid-in capital 53,189,508 46,776,170
Statutory reserve 1,263,125 1,230,387
Accumulated deficit (39,056,702) (33,347,984)
Accumulated other comprehensive loss (1,928,694) (1,135,386)
Total RETO Eco Solutions Inc. Shareholders’ Equity 13,510,346 13,552,153
Noncontrolling interest 1,442,942 532,125
Total Equity 14,953,288 14,084,278
Total Liabilities and Equity $ 33,897,923 $ 30,961,067