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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 5,505,149 $ 8,744,784
Accounts receivable, net 159,451 514,939
Advance to suppliers 318,973 381,894
Inventories 27,164,042 32,814,520
Prepaid expenses 505,438 217,591
Other receivables 516,760 132,155
Tax receivable 478,435 489,020
Loan to unrelated party 1,234,359 0
Total Current Assets 35,882,607 43,294,903
Noncurrent Assets    
Plant, property and equipment, net 556,947 453,518
Operating lease right-of-use assets, net 1,928,279 2,319,742
Lease deposit 72,843 73,801
Goodwill 218,606 218,606
Deferred tax asset 0 117,952
Total Noncurrent Assets 2,776,675 3,183,619
Total Assets 38,659,282 46,478,522
Current Liabilities    
Accounts payable 549,933 743,785
Operating lease liability, current 643,303 688,082
Advances from customers 258,952 266,243
Accrued liabilities and other payables 741,010 322,994
Other loan interest payable 5,167 4,179
Total Current Liabilities 2,198,365 2,025,283
Noncurrent Liabilities    
Other loan 150,000 150,000
Operating lease liability, non-current 1,421,307 1,746,070
Income tax payable 1,437,223 1,628,694
Total Noncurrent Liabilities 3,008,530 3,524,764
Total Liabilities 5,206,895 5,550,047
Contingencies and Commitments
Stockholders' Equity    
Common stock, $0.001 par value; 15,000,000 shares authorized, 5,609,234 and 5,596,234 shares issued and outstanding; as of June 30, 2021 and December 31, 2020, respectively 5,609 5,596
Additional paid-in capital 39,792,705 39,766,978
Statutory reserves 0 6,241
Accumulated other comprehensive income 405,526 798,290
(Accumulated deficits) Retained earnings (6,751,453) 351,370
Total Stockholders' Equity 33,452,387 40,928,475
Total Liabilities and Stockholders' Equity $ 38,659,282 $ 46,478,522