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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net profit/(loss) including noncontrolling interest $ 500,344 $ 19,701
Adjustment to reconcile net profit/(loss) from operations:    
Depreciation expense 21,448 18,098
Changes in Operating Assets and Liabilities    
Inventory (111,478) (31,507)
Prepaid tax (6,110) (4,155)
Other receivables and deposits 0 8,066
Accounts payable and accrued expenses 51,677 (10,422)
Other payables 3,500 3,500
Net cash used in operating activities 459,381 3,280
Cash flows from investing activity    
Purchase of property and equipment (2,654) 0
Net cash provided by (used in) investing activity (2,654) 0
Cash flows from financing activities    
Proceeds/(Repayment) to related party, net (412,329) 24,644
Proceeds/(Repayments) from loan, net (74,331) (4,795)
Net cash provided by financing activities (486,661) 19,849
Effect of exchange rate changes 503 743
Net increase (decrease) in cash and cash equivalents (29,431) 23,871
Cash and cash equivalents at beginning of period 171,678 36,431
Cash and cash equivalents at end of period 142,247 60,302
Supplemental disclosures of cash flow information    
Interest paid 6,111 6,111
Income taxes (refund)/paid $ 6,110 $ 4,155