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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 8,744,784 $ 7,423,198
Accounts receivable, net 514,939 390,241
Advance to suppliers 381,894 27,745,184
Inventories 32,814,520 29,724,665
Prepaid expenses and other receivables 349,746 173,607
Tax receivable 489,020 0
Current assets of discontinued operations 0 3,041,976
Total Current Assets 43,294,903 68,498,871
Noncurrent Assets    
Plant, property and equipment, net 453,518 136,512
Operating lease right-of-use assets, net 2,319,742 2,658,344
Lease deposit 73,801 43,260
Goodwill 218,606 218,606
Deferred tax asset 117,952 0
Total Noncurrent Assets 3,183,619 3,056,722
Total Assets 46,478,522 71,555,593
Current Liabilities    
Accounts payable 743,785 417,918
Operating lease liability, current 688,082 481,068
Advance from customers 266,243 26,450
Accrued liabilities and other payables 327,173 301,764
Income tax payable 0 22,055
Current liabilities of discontinued operations 0 215,445
Total Current Liabilities 2,025,283 1,464,700
Noncurrent Liabilities    
Other Loan 150,000 0
Operating lease liability, non-current 1,746,070 2,211,061
Income tax payable 1,628,694 1,833,286
Non-current liabilities of discontinued operations 0 0
Total Noncurrent Liabilities 3,524,764 4,044,347
Total Liabilities 5,550,047 5,509,047
Contingencies and Commitments
Stockholders' Equity    
Common stock, $0.001 par value; 15,000,000 shares authorized, 5,769,104 and 5,741,604 shares issued and outstanding; as of December 31, 2020 and 2019, respectively 5,769 5,741
Additional paid-in capital 40,382,998 40,221,062
Statutory reserves 6,241 6,241
Accumulated other comprehensive income 798,290 0
Treasury stock, at cost, 172,870 shares as of December 31, 2020 and 2019 (616,193) (616,193)
Retained earnings 351,370 26,429,695
Total Stockholders' Equity 40,928,475 66,046,546
Total Liabilities and Stockholders' Equity $ 46,478,522 $ 71,555,593