v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash $ 40,487 $ 584,591
Short-term investment 60,493 87,154
Inventories, net 6,807,797 5,211,427
Prepaid expenses and other current assets 1,992,959 1,637,195
Total Current Assets 8,901,736 7,520,367
Long-term Investment 3,709,042 4,305,556
Property and Equipment    
Cost 2,787,510 2,806,420
Accumulated depreciation (1,681,178) (1,414,191)
Net 1,106,332 1,392,229
Prepayment for land 35,861,589 35,861,589
Prepayment for equipment 86,617 86,617
Net Property and Equipment 37,054,538 37,340,435
Other Assets    
Restricted cash 3,210,000 3,210,000
Intangible asset, net 2,145,000 2,392,500
Goodwill 1,475,334 1,475,334
Right-of-use assets, net 279,414 353,442
Deposits 117,914 119,436
Total Other Assets 7,227,662 7,550,712
Total Assets 56,892,978 56,717,070
Current Liabilities    
Short-term loans 1,544,759 527,066
Accounts payable 1,874,339 1,874,339
Accrued expenses and other current liabilities 6,621,781 4,695,000
Prepayment from customer - current 1,611,357  
Long-term loan - current 10,732 10,171
Lease liability – current 417,437 357,880
Total Current Liabilities 12,080,405 7,464,456
Long-term Liabilities    
Long-term bonds payable 9,313,753 9,218,094
Long-term loan – non-current 23,713 29,034
Lease liability – non-current 112,409 210,443
Prepayment from customer – non-current 762,000 762,000
Restricted stock deposit liability 1,000 1,000
Total Long-Term Liabilities 10,212,875 10,220,571
Total Liabilities 22,293,280 17,685,027
Commitments
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of June 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 June 30, 2021 and December 31, 2020 9,488 9,488
Additional paid in capital 74,622,712 73,160,616
Accumulated deficits (38,147,860) (32,383,833)
Accumulated other comprehensive loss (1,884,642) (1,754,228)
Total Stockholders’ Equity 34,599,698 39,032,043
Total Liabilities and Stockholders’ Equity $ 56,892,978 $ 56,717,070

Source