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Consolidated Balance Sheets
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Current assets    
Cash and cash equivalents $ 510,128 $ 8,556,642
Restricted cash 109,772 44,211
Accounts receivable, including related party, net 562,581 45,923
Other receivables and prepaid expenses 42,631 143,281
Advances to suppliers 168,523 162,969
Inventory 499,252 233,454
Advances to related parties 83,102 19,055
Total current assets 1,975,989 9,205,535
Property and equipment, net 1,971,793 290,148
Intangible asset, net 1,269 1,940
Deferred tax asset 15,556 18,795
Security deposit 86,992 94,153
Operating lease right-of-use assets 999,285 2,049,775
Goodwill, net
Total assets 5,050,884 11,660,346
Current liabilities    
Accounts payable 398,469 406,163
Accounts payable-related party 165,958
Unearned revenue 139,502 171,408
Taxes payable 104,100 232,637
Accrued liabilities and other payables 2,356,490 752,400
Government grant 950,371
Loan from third parties 86,992 94,153
Operating lease liabilities 883,583 848,230
Advance from related parties 236,882 1,947,154
Total current liabilities 5,322,347 4,452,145
Operating lease liabilities - non-current 194,725 1,138,710
Total liabilities 5,517,072 5,590,855
Stockholders’ equity (deficit)    
Undesignated preferred stock, $0.001 par value, 20,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.00001 per share, 500,000,000 shares authorized; 24,999,842 shares issued and outstanding as of December 31, 2022 and 2021 250 250
Additional paid in capital 14,458,583 14,087,043
Statutory reserve 151,988 151,988
Accumulated deficit (15,249,858) (8,880,613)
Accumulated other comprehensive income 172,849 710,823
Total stockholders’ equity (deficit) (466,188) 6,069,491
Total liabilities and stockholders’ equity (deficit) $ 5,050,884 $ 11,660,346