XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 52,867 $ 257,391
Accounts receivable 12,461,841 38,165,057
Inventory 6,972,251 1,245,759
Other current assets 55,181 42,275
Due from related parties 937,437 155,075
Total Current Assets 20,479,577 39,865,557
Property and Equipment, net 505,597 551,548
Goodwill 3,199,594 3,199,594
TOTAL ASSETS 24,184,768 43,616,699
Current Liabilities    
Bank overdraft 9,377  
Accounts payable 11,690,896 32,593,531
Accrued liabilities and other payable 1,375,064 95,458
Deferred revenue 51,145 56,416
Due to related parties 1,158,464 1,115,705
Tax payable 104,527 229,729
Total Current Liabilities 14,389,473 34,090,839
Deferred tax liabilities 40,362 40,349
TOTAL LIABILITIES 14,429,835 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 1,259,253 991,525
Accumulated other comprehensive loss (441,104) (442,798)
Total equity 9,754,933 9,485,511
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,184,768 $ 43,616,699