Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 6,005,967 $ 88,309
Accounts receivable 2,954,964 1,745,000
Inventories 1,336,389
Prepaid expenses 1,439,265 1,479,123
Other receivable 1,458 2,616
Temporary deposit - related party 100,067
Other current assets 13,526 11,336
Total Current Assets 11,751,569 3,426,451
Property and Equipment    
Cost 2,712,840 2,710,543
Accumulated depreciation (595,357) (322,049)
Property and equipment 2,117,483 2,388,494
Prepayment for land 35,237,127 35,237,127
Prepayment for equipment 54,625
Construction in progress 1,311,245
Net Property and Equipment 37,354,610 38,991,491
Other Assets    
Intangible asset, net 3,135,000 3,382,500
Goodwill 1,475,334 1,475,334
Operating lease right-of-use assets, net 459,723
Deposits 108,205 107,909
Total Other Assets 5,178,262 4,965,743
Total Assets 54,284,441 47,383,685
Current Liabilities    
Short-term loan - related party 194,600
Accounts payable 3,237,222 1,650,000
Accrued expenses 1,156,075 412,165
Other payable - related parties 531,207 173,854
Other payable - others 4,299,065 3,726,932
Long-term loan - current 7,964  
Operating lease liability - current - related party 44,494
Operating lease liability - current - others 500,429
Total Current Liabilities 9,971,056 5,962,951
Long-term Liabilities    
Long-term loan 39,778  
Operating lease liability - non-current 80,355
Restricted stock deposit liability 1,000 1,000
Total Liabilities 10,092,189 5,963,951
Commitments
Stockholders' Equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of June 30, 2019 and December 31, 2018
Common stock, $0.001 par value, 90,000,000 shares authorized, 9,250,090 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of June 30, 2019; 9,098,090 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of December 31, 2018 9,250 9,098
Additional paid in capital 62,958,302 56,582,800
Accumulated deficits (19,360,558) (15,292,128)
Accumulated other comprehensive income 585,258 119,964
Total Stockholders' Equity 44,192,252 41,419,734
Total Liabilities and Stockholders' Equity $ 54,284,441 $ 47,383,685