Balance Sheet

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 19,777 $ 312,173
Inventories 209,737 209,729
Prepaid expenses 487,012 11,784
Prepaid investment 425,000
Other receivable 28,274 891
Total Current Assets 1,169,800 534,577
Property and Equipment, Net 4,002,888 3,745,092
Intangible asset, net 4,125,000 4,372,500
Goodwill 1,105,942 1,105,942
Other assets 132,873 806,371
Total Assets 10,536,503 10,564,482
Current Liabilities    
Accrued expenses 401,363 71,978
Other payable - related parties 897,793 2,955,575
Other payable - others 1,997,291 1,671,269
Total Current Liabilities 3,296,447 4,698,822
Restricted stock deposit liability 1,424 3,342
Total Liabilities 3,297,871 4,702,164
Commitments and Contingency
Stockholders' Equity    
Preferred stock, $0.001 par value Authorized - 50,000,000 shares Issued and outstanding - none
Common stock, $0.001 par value, Authorized - 450,000,000 shares, Issued and outstanding - 40,034,271 (excluding unvested restricted stock of 1,061,740 shares) shares as of June 30, 2017, Common stock, no par value, Authorized – 210,000,000 shares, Issued and outstanding - 98,720,060 (excluding unvested restricted stock of 6,683,340 shares) shares as of December 31, 2016 (See Note 1) 40,033 4,470,839
Additional paid-in capital 10,515,948 80,000
Subscribed capital 14,000 1,862,643
Accumulated deficits (3,327,985) (551,204)
Accumulated other comprehensive loss (3,364) (10)
Total Stockholders' Equity 7,238,632 5,862,268
Non-controlling interest in subsidiary 50
Total Equity 7,238,632 5,862,318
Total Liabilities and Equity $ 10,536,503 $ 10,564,482

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