XML 20 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,190,465 $ 61,517
Accounts receivable 3,012,256  
Other receivables 227,359 101,432
Inventories 14,166,929 66,037
Prepayment 28,370 133,646
Advance to suppliers 11,676,326
Amount due from related parties 81,690 142,450
Total current assets 30,383,395 505,082
Non-current assets:    
Leasehold improvements and equipment, net 429,500 87,333
Intangible assets 95,461
Operating lease right-of-use assets 83,957 383,203
Total non-current assets 608,918 470,536
Total assets 30,992,313 975,618
Current liabilities:    
Accounts payable 29,048 134,842
Income tax payables 1,334,679 31,774
Other payables and accruals 481,258 336,604
Advance from customers 737,515 27,648
Amount due to related parties 79,849 1,097,152
Current operating lease liabilities 69,259 319,697
Total current liabilities 2,731,608 1,947,717
Non-current liabilities:    
Non-current operating lease liabilities 14,698 63,506
Total non-current liabilities 14,698 63,506
Total liabilities 2,746,306 2,011,223
COMMITMENTS AND CONTINGENCIES
EQUITY (DEFICIT)    
Share capital (750,000,000 shares of Common Stock, par value $0.00001 per share, authorized, of which 609,316,077 and 600,034,500 shares are issued and outstanding as of December 31, 2021 and 2020, respectively; and 100,000,000 shares of Series A Preferred Stock, par value $0.00001 per share, of which all 100,000,000 shares are issued and outstanding)
Series A Preferred Stock 1,000 1,000
Common Stock 6,093 6,000
Additional paid in capital 10,215,427 (15,146)
Foreign currency translation reserves 225,508 (54,091)
Statutory reserves 3,041,397 6,894
Retained earnings (Accumulated deficit) 14,756,582 (980,262)
Total equity (deficit) 28,246,007 (1,035,605)
Total liabilities and equity (deficit) $ 30,992,313 $ 975,618