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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 2,830,834 $ 135,309
Restricted cash 4,590
Accounts receivable, net 7,169,691 6,686,552
Advances to suppliers 3,093,935 2,693,325
Amount due from related parties 41,012
Inventories, net 3,569,135 735,351
Prepayments and other receivables 4,941,351 14,880,526
Operating lease-right of use assets 46,521 53,425
Total current assets 21,697,069 25,184,488
NON-CURRENT ASSETS    
Deferred tax assets 181,451 193,211
Property, plant and equipment, net 1,769,927 910,208
Operating lease-right of use assets 1,572,515  
Intangible assets-net 13,445  
Goodwill 24,512,118 6,914,232
Total non-current assets 28,049,456 8,017,651
TOTAL ASSETS 49,746,525 33,202,139
CURRENT LIABILITIES    
Short-term loans 1,054,510 904,228
Long-term loans due within one year 496,974 34,201
Convertible promissory notes, net 5,132,530 3,328,447
Accounts payable, trade 10,183,541 5,852,050
Advances from customers 529,279 194,086
Amount due to related parties 791,581 226,514
Taxes payable 60,322 773,649
Other payables and accrued liabilities 4,849,557 4,228,976
Lease liability-current 354,705 23,063
Total current liabilities 23,452,999 15,565,214
Lease liability-non current 1,396,148 22,457
Long-term loans - non-current 425,592 720,997
Total non-current liabilities 1,821,740 743,454
TOTAL LIABILITIES 25,274,739 16,308,668
EQUITY    
Common stock, $0.001 par value; 50,000,000 shares authorized; 20,131,488 and 13,254,587 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 20,131 13,254
Additional paid-in capital 37,362,809 26,344,920
Statutory reserves 2,263,857 2,263,857
Accumulated deficit (16,248,215) (12,914,973)
Accumulated other comprehensive income 853,795 1,003,392
Total BOQI International Medical Inc.’s equity 24,252,377 16,710,450
NON-CONTROLLING INTERESTS 219,409 183,021
Total equity 24,471,786 16,893,471
Total liabilities and equity $ 49,746,525 $ 33,202,139