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Consolidated Balance Sheets
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Current Assets    
Cash and cash equivalents $ 6,552,677 $ 6,692,557
Accounts receivable, net of allowance for doubtful accounts $10,774 and $49,963, respectively 2,155,158 1,767,804
Other receivables 69,977 38,701
Prepaid expenses 60,020 235,642
Prepaid income tax   3,620
Total Current Assets 8,837,832 8,738,324
Property and equipment, net 70,154 21,302
Other Assets    
Deferred tax assets 33,440 135,471
Operating Lease Assets, net 391,871  
Other receivable - long term 99,532  
Total Other Assets 524,843 135,471
Total Assets 9,432,829 8,895,097
Current Liabilities:    
Accounts payable and accrued liabilities 460,690 575,087
VAT and other taxes payable 107,662 137,695
Deferred income 26,429  
Operating lease liabilities, current 91,737  
Total Current Liabilities 686,518 712,782
Long-term operating lease liabilities 247,382  
Total Liabilities 933,900 712,782
Equity:    
Ordinary shares: 50,000,000 shares authorized, par value: $0.001 per share, 11,640,820 and 11,621,459 shares issued and outstanding as of December 31, 2019 and 2018 respectively 11,641 11,621
Additional paid in capital 6,734,681 6,664,295
Statutory reserve 262,954 232,542
Retained earnings 1,948,804 1,526,110
Accumulated other comprehensive loss (280,345) (229,587)
Total MDJM Ltd stockholders' equity 8,677,735 8,204,981
Non controlling interest (178,806) (22,666)
Total Liabilities and Equity $ 9,432,829 $ 8,895,097