Summarized financial information for joint venture - Balance Sheets |
Balance Sheets:
|
| June 30, 2022
|
| December 31, 2021
|
|
|
| (unaudited)
|
| (audited)
|
|
Property, plant and equipment, net
|
| $
| 3,110
|
| $
| 3,676
|
|
Other receivables and prepaid
|
|
| 9,310
|
|
| 8,920
|
|
Inventory
|
|
| 5,833,272
|
|
| 4,181,874
|
|
Cash and cash equivalents
|
|
| 311,923
|
|
| 1,379,175
|
|
Total assets
|
|
| 6,157,615
|
|
| 5,573,645
|
|
|
|
|
|
|
|
|
|
Other payable to shareholder
|
|
| (4,358,598
| )
|
| (4,265,052
| )
|
Customer deposit
|
|
| (5,587,176
| )
|
| (4,885,447
| )
|
Total liabilities
|
|
| (9,945,774
| )
|
| (9,150,499
| )
|
|
|
|
|
|
|
|
|
Net liabilities
|
| $
| (3,788,159
| )
| $
| (3,576,854
| )
|
|