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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 7,878,876 $ 8,744,784
Accounts receivable, net 185,397 514,939
Advance to suppliers 325,454 381,894
Inventories 27,779,269 32,814,520
Prepaid expenses 538,293 217,591
Other receivables 181,796 132,155
Tax receivable 475,359 489,020
Total Current Assets 37,364,444 43,294,903
Noncurrent Assets    
Plant, property and equipment, net 532,837 453,518
Operating lease right-of-use assets, net 1,930,955 2,319,742
Lease deposit 72,566 73,801
Goodwill 218,606 218,606
Deferred tax asset 117,952
Total Noncurrent Assets 2,754,964 3,183,619
Total Assets 40,119,408 46,478,522
Current Liabilities    
Accounts payable 716,515 743,785
Operating lease liability, current 737,764 688,082
Advance from customers 398,541 266,243
Accrued liabilities and other payables 491,188 322,994
Other loan interest payable 4,435 4,179
Total Current Liabilities 2,348,443 2,025,283
Noncurrent Liabilities    
Other Loan 150,000 150,000
Operating lease liability, non-current 1,338,781 1,746,070
Income tax payable 1,544,560 1,628,694
Total Noncurrent Liabilities 3,033,341 3,524,764
Total Liabilities 5,381,784 5,550,047
Contingencies and Commitments
Stockholders’ Equity    
Common stock, $0.001 par value; 15,000,000 shares authorized, 6,730,242 and 5,596,234 shares issued and outstanding; as of September 30, 2021 and December 31, 2020, respectively 6,730 5,596
Additional paid-in capital 42,565,427 39,766,978
Statutory reserves 6,241
Accumulated other comprehensive income 313,552 798,290
(Accumulated deficits) Retained earnings (8,148,085) 351,370
Total Stockholders’ Equity 34,737,624 40,928,475
Total Liabilities and Stockholders’ Equity $ 40,119,408 $ 46,478,522