XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 707,101 $ 1,019,437
Restricted cash 91,089 272,991
Notes receivable 73,624 461,292
Accounts receivable, net of allowance for doubtful accounts 4,828,813 9,092,709
Inventories, net of reserve for obsolete inventories 5,264,334 4,553,559
Advances to suppliers 1,231,022 2,023,779
Receivable from sale of subsidiary 2,790,008 2,950,442
Prepaid license fee - related party, net 829,787
Prepaid expenses and other 10,798,533 2,144,624
Assets of discontinued operations 211,722 407,510
Total current assets 26,826,033 22,926,343
OTHER ASSETS:    
Equity method investment 9,053,859
Property and equipment, net 28,541,122 33,181,119
Intangible assets, net 4,440,383 5,394,296
Total other assets 32,981,505 47,629,274
Total assets 59,807,538 70,555,617
CURRENT LIABILITIES:    
Short-term bank loans 2,202,246 2,074,529
Bank acceptance notes payable 145,313 422,589
Convertible note payable 668,328 670,000
Accounts payable 2,244,629 2,798,590
Accrued expenses 305,425 165,749
Advances from customers 1,159,530 2,454,375
Due to related parties 2,158,404 347,589
Income taxes payable 60,031 63,483
Liabilities of discontinued operations 242,542 389,633
Total current liabilities 9,186,448 9,386,537
Long-term loan 282,605
Total liabilities 9,469,053 9,386,537
Commitments and contingencies (see Note 17)
EQUITY:    
Preferred stock value
Common stock ($0.001 par value; 12,500,000 shares authorized; 7,501,304 and 2,527,720 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively) 7,501 2,528
Additional paid-in capital 60,839,352 40,241,172
Retained earnings (15,154,922) 13,624,729
Statutory reserve 2,352,592 2,352,592
Accumulated other comprehensive income - foreign currency translation adjustment 2,549,644 4,923,829
Total Sharing Economy International Inc. stockholder's equity 50,594,167 61,144,850
Non-controlling interest (255,682) 24,230
Total equity 50,338,485 61,169,080
Total liabilities and equity 59,807,538 70,555,617
Series A Preferred Stock    
EQUITY:    
Preferred stock value