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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,019,437 $ 1,481,498
Restricted cash 272,991 551,047
Notes receivable 461,292 133,913
Accounts receivable, net of allowance for doubtful accounts 9,092,709 13,922,371
Inventories, net of reserve for obsolete inventories 4,553,559 2,394,179
Advances to suppliers 2,023,779 1,116,525
Deferred tax assets 386,381
Receivable from sale of subsidiary 2,950,442 4,838,152
Prepaid expenses and other 2,144,624 9,074
Assets of discontinued operations 407,510 1,758,986
Total current assets 22,926,343 26,592,126
OTHER ASSETS:    
Equity method investment 9,053,859 8,610,759
Property and equipment, net 33,181,119 29,878,675
Intangible assets, net 5,394,296 5,283,695
Total other assets 47,629,274 43,773,129
Total assets 70,555,617 70,365,255
CURRENT LIABILITIES:    
Short-term bank loans 2,074,529 2,159,889
Bank acceptance notes payable 422,589 547,172
Convertible note payable 670,000
Accounts payable 2,798,590 864,870
Accrued expenses 165,749 368,395
Advances from customers 2,454,375 427,446
Due to related party 347,589
VAT and service taxes payable 47,319
Income taxes payable 63,483 79,467
Liabilities of discontinued operations 389,633 558,661
Total current liabilities 9,386,537 5,053,219
Total liabilities 9,386,537 5,053,219
Commitments and contingencies (see Note 19)
STOCKHOLDERS' EQUITY:    
Preferred stock ($0.001 par value; 10,000,000 shares authorized; No shares issued and outstanding at December 31, 2017 and 2016)
Common stock ($0.001 par value; 12,500,000 shares authorized; 2,527,720 and 1,415,441 shares issued and outstanding at December 31, 2017 and 2016, respectively) 2,528 1,415
Additional paid-in capital 40,241,172 35,549,542
Retained earnings 13,624,729 26,531,498
Statutory reserve 2,352,592 2,352,592
Accumulated other comprehensive income - foreign currency translation adjustment 4,923,829 876,989
Total Sharing Economy International Inc. stockholder's equity 61,144,850 65,312,036
Non-controlling interest 24,230
Total stockholders' equity 61,169,080 65,312,036
Total liabilities and stockholders' equity $ 70,555,617 $ 70,365,255