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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 299,653 $ 750,658
Restricted cash 79,044 380,750
Accounts and notes receivable, net 2,768,015 3,819,073
Inventories 8,288,512 7,816,432
Advances to suppliers 6,485,298 5,681,083
Other receivables 1,494,867 1,185,136
Other receivables-related parties 7,581,102 7,670,434
Total current assets 26,996,491 27,303,566
Non-current assets    
Plant and equipment, net 28,127,745 20,485,449
Intangible assets, net 3,881,770 4,199,651
Construction in progress, net 27,065 2,475,874
Prepayment investments 2,592,604 705,805
Long-term investments 7,080,004 3,136,910
Investment in real estates 7,770,943
Deferred tax assets 1,113,425 1,172,050
Goodwill 25,374,497 18,180,532
Right-of-use assets 351,040 584,802
Total non-current assets 68,548,150 58,712,016
Total assets 95,544,641 86,015,582
Current liabilities    
Short-term bank loans 6,349,720 6,822,054
Accounts payable 6,823,317 6,237,810
Advance from customers 5,500,747 6,190,091
Taxes payable 937,112 787,593
Other payables and accrued liabilities 4,705,436 8,635,189
Other payables-related parties 10,406,672 5,196,227
Lease liabilities-current portion 209,590 436,191
Deferred income 62,448 73,732
Total current liabilities 34,995,042 34,378,887
Non-current liabilities    
Long-term bank loans 298,000
Long-term payables 324,087 380,345
Total non-current liabilities 622,087 380,345
Total liabilities 35,617,129 34,759,232
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $0.001 par value, 5,000,000 shares authorized; none issued and outstanding as of June 30, 2022 and December 31, 2021
Common stock: $0.001 par value, 200,000,000 shares authorized; 60,081,930 and 35,581,930 shares issued and outstanding as of June 30, 2022 and December 31, 2021 60,082 35,582
Additional paid-in capital 148,836,482 133,232,224
Accumulated deficit (96,787,007) (94,072,383)
Accumulated other comprehensive income 5,889,037 7,711,057
Non-controlling interests 1,928,918 4,349,870
Total stockholders’ equity 59,927,512 51,256,350
Total liabilities and stockholders’ equity $ 95,544,641 $ 86,015,582