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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net profit including noncontrolling interest $ 216,547 $ 1,039,516
Adjustment to reconcile net profit from operations:    
Depreciation expense 81,260 64,544
Amortization of right-of-use assets 28,901 0
Changes in Operating Assets and Liabilities    
Inventory 1,095 (424,442)
Income tax payable 82,438 (85,162)
Accounts receivables and deposits 9,979 (153,421)
Accounts payable and accrued expenses (387,211) 123,083
Other payables 12,696 13,500
Operating lease liabilities (27,905) 0
Net cash provided operating activities 17,800 577,618
Cash flows from investing activity    
Purchase of property and equipment (157,289) (52,790)
Net cash used in investing activity (157,289) (52,790)
Cash flows from financing activities    
Proceeds/(Repayment) to related party, net 74,875 (520,755)
Proceeds/(Repayments) from loan, net 27,419 (84,577)
Net cash provided by (used in) financing activities 102,294 (605,332)
Effect of exchange rate changes (1,365) (3,971)
Net movement in cash and cash equivalents (38,560) (84,475)
Cash and cash equivalents at beginning of period 50,459 171,678
Cash and cash equivalents at end of period 11,899 87,203
Supplemental disclosures of cash flow information    
Interest paid 14,956 17,718
Income taxes (refund)/paid $ 110,932 $ 85,162