v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash $ 98,135 $ 584,591
Short-term investment 48,085 87,154
Inventories, net 5,182,029 5,211,427
Prepaid expenses and other current assets 1,683,443 1,637,195
Total Current Assets 7,011,692 7,520,367
Long-term Investment 7,162,620 4,305,556
Property and Equipment    
Cost 2,821,302 2,806,420
Accumulated depreciation (1,778,151) (1,414,191)
Net 1,043,151 1,392,229
Prepayment for land 35,861,589 35,861,589
Prepayment for equipment 86,617 86,617
Net Property and Equipment 36,991,357 37,340,435
Other Assets    
Restricted cash 3,210,000 3,210,000
Intangible asset, net 2,021,250 2,392,500
Goodwill 1,475,334 1,475,334
Right-of-use assets, net 228,829 353,442
Deposits 117,797 119,436
Total Other Assets 7,053,210 7,550,712
Total Assets 58,218,879 56,717,070
Current Liabilities    
Short-term loans 1,696,627 527,066
Accounts payable 1,564,627 1,874,339
Accrued expenses and other current liabilities 6,681,227 4,695,000
Prepayment from customer - current 1,231,200
Long-term loan – current 11,027 10,171
Lease liability – current 390,612 357,880
Total Current Liabilities 11,575,320 7,464,456
Long-term Liabilities    
Long-term bonds payable 9,361,528 9,218,094
Long-term loan – non-current 20,916 29,034
Lease liability – non-current 87,032 210,443
Prepayment from customer – non-current 762,000 762,000
Restricted stock deposit liability 1,000 1,000
Total Long-Term Liabilities 10,232,476 10,220,571
Total Liabilities 21,807,796 17,685,027
Commitments
Stockholders’ Equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of September 30, 2021 and December 31, 2020
Common stock, $0.001 par value, 90,000,000 shares authorized, 9,487,889 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of September 30, 2021 and December 31, 2020 9,488 9,488
Additional paid in capital 74,763,077 73,160,616
Accumulated deficits (36,446,546) (32,383,833)
Accumulated other comprehensive loss (1,914,936) (1,754,228)
Total Stockholders’ Equity 36,411,083 39,032,043
Total Liabilities and Stockholders’ Equity $ 58,218,879 $ 56,717,070

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