Exhibit 99.1

HEBRON TECHNOLOGY CO., LIMITED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)

	June 30,			December 31,
	2019			2018
ASSETS
CURRENT ASSETS:
Cash	$	23,972			947,588
Restricted cash		2,069,753			2,124,655
Contracts receivable, net		24,750,360			24,669,365
Accounts receivable, net		2,415,761			2,655,845
Notes receivable		-			81,611
Retainage receivables, net		3,151,799			3,146,986
Inventories		388,233			365,480
Prepayments and advances to suppliers, net		4,114,266			3,568,003
Other receivables, net		1,364,635			767,681
Prepaid expenses and other current assets+		167,182			94,539
TOTAL CURRENT ASSETS		38,445,961			38,421,753
Property and equipment at cost, net of accumulated depreciation		12,088,140			12,515,894
Land use right, net of accumulated amortization		941,982			969,339
Deposits - long term		43,700			43,633
Equity investment		3,070,520			3,054,090
Deferred tax assets		1,651,489			1,648,967
TOTAL ASSETS	$	56,241,792		$	56,653,676
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Short-term loans	$	1,310,998		$	1,698,058
Notes payable		1,981,790			2,117,382
Accounts payable		1,481,822			1,361,687
Accrued expenses and other current liabilities		2,470,812			2,112,472
Other loan payable-current		166,892			177,291
Advances from customers		3,065,968			3,131,337
Taxes payable		9,145,816			9,085,746
Due to related parties		347,634			-
TOTAL CURRENT LIABILITIES		19,971,732			19,683,973
Other loan payable - long term		136,275			212,351
TOTAL LIABILITIES		20,108,007			19,896,324
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Class A common stock, $0.001 par value, 40,000,000 shares authorized, 8,491,177 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		8,491			8,491
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 7,778,400 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		7,778			7,778
Additional paid-in capital		13,361,447			13,361,447
Retained earnings		24,055,426			24,732,777
Accumulated other comprehensive (loss)		(1,299,357	)		(1,353,141	)
TOTAL SHAREHOLDERS’ EQUITY		36,133,785			36,757,352
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	56,241,792		$	56,653,676

HEBRON TECHNOLOGY CO., LIMITED 
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	For the Six Months Ended June 30,
	2019			2018
REVENUE
Installation service	$	907,332		$	7,580,749
Fluid equipment sales		4,722,986			2,754,317
		5,630,318			10,335,066
COST OF REVENUE
Cost of product and services		5,021,235			6,655,247
Business and sales related taxes		33,081			124,575
GROSS PROFIT		576,002			3,555,244
OPERATING EXPENSES
General and administrative expenses		630,747			1,801,033
Selling expenses		151,174			281,169
Bad debt expenses		240,524			2,595,677
Research and development expenses		171,967			-
Total operating expenses		1,194,412			4,677,879
LOSS FROM OPERATIONS		(618,410	)		(1,122,635	)
OTHER INCOME (EXPENSE)
Other income, net		36,051			1,736
Interest expense		(111,422	)		(56,314	)
Income from investment		16,430			-
Total other expense, net		(58,941	)		(54,578	)
LOSS BEFORE INCOME TAXES		(677,351	)		(1,177,213	)
PROVISION FOR INCOME TAXES		-			391,892
NET LOSS	$	(677,351	)	$	(1,569,105	)
OTHER COMPREHENSIVE LOSS
Foreign currency translation income (loss)		53,784			(534,234	)
COMPREHENSIVE LOSS	$	(623,567	)	$	(2,103,339	)
Basic and diluted loss per common share
Basic and diluted	$	(0.04	)	$	(0.10	)
Weighted average number of shares outstanding
Basic and diluted		16,269,577			15,427,622