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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 6,679,077 $ 4,751,538
Restricted cash   4,131,313
Short-term investments 3,082,990  
Accounts receivable, net 32,101,818 56,363,183
Prepayments - third parties 803,956 9,376,247
Prepayments - a related party 3,314,744 2,361,779
Media deposits - third parties 1,281,434 1,244,704
Media deposits - a related party 104,390 1,426,419
Due from related parties 28,667 1,748,769
Other current assets 2,742,406 4,797,022
Total Current Assets 50,139,482 86,200,974
Long-term investment 2,261,787 1,569,218
Property and equipment, net 2,351,328 1,378,457
Intangible assets, net 558,226 775,603
Prepayments for licensed copyrights 2,735,592 2,960,789
Right of use assets   1,195,092
Total Assets 58,046,415 94,080,133
Current Liabilities    
Bank borrowings 1,449,864  
Accounts payable 8,853,669 12,161,957
Advance from advertisers 748,039 1,622,458
Advertiser deposits 541,444 916,531
Dividends payable   1,255,375
Income tax payable 257,262 278,440
Due to related parties 14,499 0
Operating lease liabilities, current   515,592
Warrant liabilities 832 2,744
Accrued expenses and other liabilities 744,181 2,728,300
Total Current Liabilities 12,609,790 19,481,397
Operating lease liabilities, noncurrent   537,447
Total Liabilities 12,609,790 20,018,844
Commitments and Contingencies
Shareholders' Equity    
Ordinary Share (par value $0.0096 per share, 6,250,000 shares authorized; 1,534,487 shares issued and outstanding at December 31, 2022 and 2021, respectively) 14,731 14,731
Additional paid-in capital 41,564,418 41,564,418
Statutory reserve 898,133 898,133
Retained earnings 5,257,627 28,996,464
Accumulated other comprehensive (loss) income (2,298,284) 2,587,543
Total Shareholders' Equity 45,436,625 74,061,289
Total Liabilities and Shareholders' Equity $ 58,046,415 $ 94,080,133