v3.19.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 78,248 $ 88,309
Accounts receivable 1,355,100 1,745,000
Inventories 1,329,639
Prepaid expenses 1,467,678 1,479,123
Other receivable - others 1,420 2,616
Temporary deposit - related party 100,067
Other current assets 30,420 11,336
Total Current Assets 4,262,505 3,426,451
Property and Equipment    
Cost 2,714,818 2,715,543
Accumulated depreciation (459,475) (322,049)
Property and equipment 2,255,343 2,393,494
Prepayment for land 35,237,127 35,237,127
Prepayment for equipment 54,625
Construction in progress 1,311,245
Net Property and Equipment 37,492,470 38,996,491
Other Assets    
Intangible asset, net 3,258,750 3,382,500
Goodwill 1,475,334 1,475,334
Operating lease right-of-use assets, net 584,355
Deposits - related party 2,440 2,462
Deposits - others 105,316 105,447
Total Other Assets 5,426,195 4,965,743
Total Assets 47,181,170 47,388,685
Current Liabilities    
Short-term loan - related party 182,500
Accounts payable 1,650,000 1,650,000
Accrued expenses 869,817 412,165
Other payable - related parties 1,074,394 949,298
Other payable - others 3,101,653 2,956,488
Operating lease liability - current - related parties 62,550
Operating lease liability - current - others 438,777  
Total Current Liabilities 7,379,691 5,967,951
Long-term Liabilities    
Operating lease liability - non-current - related parties 16,535
Operating lease liability - non-current - others 158,764
Restricted stock deposit liability 1,000 1,000
Total Liabilities 7,555,990 5,968,951
Commitments  
Stockholders' Equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding as of March 31, 2019 and December 31, 2018
Common stock, $0.001 par value, 90,000,000 shares authorized, 9,098,090 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of March 31, 2019; 9,098,090 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of December 31, 2018 45,490 45,490
Additional paid in capital 56,791,250 56,546,408
Accumulated deficits (17,675,120) (15,292,128)
Accumulated other comprehensive income 463,560 119,964
Total Stockholders' Equity 39,625,180 41,419,734
Total Liabilities and Stockholders' Equity $ 47,181,170 $ 47,388,685

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