XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 2,910,613 $ 5,828,548
Restricted cash and cash equivalents 688,633 736,667
Accounts receivable, net 289,474 280,692
Accounts receivable – related parties, net 142,225 145,399
Due from related parties 3,713,319 1,286,618
Inventory, net 21,855 25,975
Short-term Investment 82,755 108,147
Prepayment for long-term investments 639,072 684,720
Prepaid expense and other current assets 1,301,448 528,354
Total Current Assets 9,789,394 9,625,120
Property and equipment, net 597,318 525,881
Operating lease right-of-use assets 1,294,550 1,471,899
Goodwill, net
Long-term investments 870,571 932,755
Deferred tax assets 1,080,703 981,912
Prepaid expenses – noncurrent 110,099 119,309
Security deposits 39,977 41,157
Total Assets 13,782,612 13,698,033
Current Liabilities    
Short-term bank loans 1,574,000 1,640,000
Accounts payable 2,085  
Accrued expenses and other current liabilities 1,246,898 1,300,803
Advance from customers 10,985 10,985
Operating lease liabilities – current portion 350,284 347,100
Due to related parties 461,612 393,424
Total Current Liabilities 3,645,864 3,692,312
Tenant security deposit 11,980 10,580
Operating lease liability – noncurrent portion 944,266 1,124,799
Total Liabilities 4,602,110 4,827,691
Equity    
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 32,307,329 and 28,926,322 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 32,307 28,926
Additional paid-in capital 66,240,474 58,113,667
Stock subscription receivable (1,805,920) (2,257,400)
Accumulated deficit (46,335,637) (38,481,200)
Accumulated other comprehensive income 303,100 539,660
Treasury stock (9,100,000) (9,100,000)
Total Stockholders’ Equity 9,334,324 8,843,653
Noncontrolling interest (153,822) 26,689
Total Equity 9,180,502 8,870,342
Total Liabilities and Equity $ 13,782,612 $ 13,698,033