XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 180,522 $ 257,391
Accounts receivable 12,185,995 38,165,057
Inventory 2,791,090 1,245,759
Other current assets 88,068 42,275
Due from related parties 945,381 155,075
Total Current Assets 16,191,056 39,865,557
Property and Equipment, net 534,492 551,548
Goodwill 3,199,594 3,199,594
TOTAL ASSETS 19,925,142 43,616,699
Current Liabilities    
Accounts payable 7,092,930 32,593,531
Accrued liabilities and other payable 1,491,884 95,458
Deferred revenue 45,695 56,416
Due to related parties 1,133,817 1,115,705
Tax payable 214,956 229,729
Total Current Liabilities 9,979,282 34,090,839
Deferred tax liabilities 40,861 40,349
TOTAL LIABILITIES 10,020,143 34,131,188
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 520,976,241 shares issued and outstanding 52,098 52,098
Additional paid-in capital 8,884,686 8,884,686
Retained earnings 1,263,014 991,525
Accumulated other comprehensive loss (294,799) (442,798)
Total equity 9,904,999 9,485,511
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,925,142 $ 43,616,699