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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,939,520 $ 2,483,567
Short Term Investment 3,036,938
Notes receivable   43,003
Accounts receivable, net 1,039,772 2,197,264
Other receivables, net 1,820,365 52,616
Inventories 1,248,906 1,197,065
Prepayments 4,144,414 4,069,214
Discontinued operations - current assets 1,544,177
Total current assets 13,229,915 11,586,906
PLANT AND EQUIPMENT, NET 79,688 19,057
RIGHT-OF-USE ASSETS 85,605 90,250
OTHER ASSETS    
Goodwill 14,329,042 7,289,454
Intangible assets, net 1,130,528
Deferred tax assets 3,531 37,532
Discontinued operations - non-current assets 3,424,390
Total other assets 15,463,101 10,751,376
Total assets 28,858,309 22,447,589
CURRENT LIABILITIES    
Short term loans - bank 437,884
Accounts payable 920,480 344,108
Other payables and accrued liabilities 2,585,341 4,121,862
Other payables - related parties 641,570 1,336,902
Customer deposits 1,040,124 146,771
Lease liabilities - current 62,093 61,009
Taxes payable 3,555 202
Discontinued operations - current liabilities   10,174,066
Total current liabilities 5,691,047 16,184,920
OTHER LIABILITIES    
Lease liabilities - noncurrent 60,681 61,580
Discontinued operations - non-current liabilities 239,097
Total other liabilities 60,681 300,677
Total liabilities 5,751,728 16,485,597
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
Common stock, $0.0001 par value, 200,000,000 shares authorized, 28,514,520 and 20,821,661 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively* 2,851 2,082
Additional paid-in capital 19,242,951 8,350,861
Retained earnings 5,400,286 (1,558,683)
Accumulated other comprehensive loss (1,539,507) (832,268)
Total shareholders' equity 23,106,581 5,961,992
Total liabilities and shareholders' equity $ 28,858,309 $ 22,447,589