Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash $ 6,566 $ 312,173
Inventories 208,674 209,729
Prepaid expenses 482,390 11,784
Other receivable 440,223 891
Total Current Assets 1,137,853 534,577
Prepaid investment 460,000
Property and Equipment, Net 3,572,422 3,745,092
Intangible asset, net 4,001,250 4,372,500
Goodwill 1,105,942 1,105,942
Other assets 126,497 806,371
Total Assets 10,403,964 10,564,482
Current Liabilities    
Short-term bank loan 10,000
Accrued expenses 498,106 71,978
Other payable - related parties 899,268 2,955,575
Other payable - others 2,286,068 1,671,269
Total Current Liabilities 3,693,442 4,698,822
Restricted stock deposit liability 453 3,342
Total Liabilities 3,693,895 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 value 40,758 4,470,839
Additional paid in capital 10,860,030 80,000
Subscribed capital 544,913 1,862,643
Accumulated deficits (4,732,026) (551,204)
Accumulated other comprehensive loss (3,606) (10)
Total Stockholders' Equity 6,710,069 5,862,268
Non-controlling interest in subsidiary 50
Total Equity 6,710,069 5,862,318
Total Liabilities and Equity $ 10,403,964 $ 10,564,482