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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 470,727 $ 1,190,465
Accounts receivable 1,628,425 3,012,256
Other receivables 126,865 255,729
Inventories 18,991,617 14,166,929
Advance to suppliers 10,736,307 11,676,326
Amount due from related parties 169,918 81,690
Total current assets 32,123,859 30,383,395
Non-current assets:    
Leasehold improvements and equipment, net 351,769 429,500
Intangible assets 75,774 95,461
Operating lease right-of-use assets 450,152 83,957
Total non-current assets 877,695 608,918
Total assets 33,001,554 30,992,313
Current liabilities:    
Accounts payable 51,391 29,048
Income tax payables 371,651 1,334,679
Other payables and accruals 151,696 481,258
Advance from customers 784,113 737,515
Amount due to related parties   79,849
Current operating lease liabilities 95,683 69,259
Total current liabilities 1,454,534 2,731,608
Non-current liabilities:    
Non-current operating lease liabilities 359,564 14,698
Total non-current liabilities 359,564 14,698
Total liabilities 1,814,098 2,746,306
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 shares are issued and outstanding; 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 6,093
Additional paid in capital 10,215,427 10,215,427
Foreign currency translation reserves (1,380,672) 225,508
Statutory reserves 3,041,397 3,041,397
Retained earnings 19,304,211 14,756,582
Total equity 31,187,456 28,246,007
Total liabilities and equity $ 33,001,554 $ 30,992,313