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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net profit/(loss) including noncontrolling interest $ 1,039,516 $ 117,453
Adjustment to reconcile net profit/(loss) from operations:    
Depreciation expense 64,544 53,732
Changes in Operating Assets and Liabilities    
Inventory (424,442) (24,238)
Prepaid tax (85,162) 60,041
Accounts receivables and deposits (153,421) 6,960
Accounts payable and accrued expenses 123,083 27,259
Other payables 13,500 7,000
Net cash provided by operating activities 577,618 248,207
Cash flows from investing activity    
Purchase of property and equipment (52,790) (2,841)
Net cash used in investing activity (52,790) (2,841)
Cash flows from financing activities    
Proceeds/(Repayment) to related party, net (520,755) (80,131)
Proceeds/(Repayments) from loan, net (84,577) (50,184)
Net cash used in financing activities (605,333) (130,316)
Effect of exchange rate changes (3,971) (1,446)
Net increase (decrease) in cash and cash equivalents (84,476) 113,606
Cash and cash equivalents at beginning of period 171,678 36,431
Cash and cash equivalents at end of period 87,202 150,037
Supplemental disclosures of cash flow information    
Interest paid 17,718 18,143
Income taxes (refund)/paid $ 85,162 $ (60,041)