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UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 3,390 $ 209,561
Other receivables, net 7,361,897
Due from discontinued operations 17,632,181 14,013,927
Escrow, current 6,800,000 4,896,932
Short-term investment 6,704,029
Current assets of discontinued operations 1,127,572 1,563,009
Total current assets 32,925,040 27,387,458
OTHER ASSETS    
Other assets of discontinued operations 162,582 3,260,740
Total other assets 162,582 3,260,740
Total assets 33,087,622 30,648,198
CURRENT LIABILITIES    
Current liabilities of discontinued operations 24,280,239 24,119,744
Total current liabilities 24,280,239 24,119,744
OTHER LIABILITIES    
Advance from investor 2,220,000
Other liabilities of discontinued operations 26,772
Total other liabilities 2,220,000 26,772
Total liabilities 26,500,239 24,146,516
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares,$0.025 par value, 1,000,000,000 shares authorized, 5,100,164 and 3,818,663 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively* 127,504 95,467
Additional paid-in capital 38,227,552 33,737,276
Statutory reserves 449,136 449,136
Accumulated deficits (32,650,031) (28,066,415)
Accumulated other comprehensive income 786,414 361,655
Total shareholders’ equity attributable to Infobird Co., Ltd 6,940,575 6,577,119
Noncontrolling interests (353,192) (75,437)
Total equity 6,587,383 6,501,682
Total liabilities and equity $ 33,087,622 $ 30,648,198