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Common Stock
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Common Stock

16. COMMON STOCK

 

On May 9, 2018, our President, Tan Xiaohao, purchased 90,050,500 shares of restricted common stock at a purchase price of $0.0001 (par value) per share. The proceeds from the sale, which were in the amount of $9,005, have gone directly to the Company for initial working capital.

 

On June 30, 2018 Zhang Qianwen and Greenpro Asia Strategic SPC- Greenpro Asia Strategic Fund SP purchased 3,591,000 and 1,358,500 shares of restricted common stock respectively at a purchase price of $0.0001 (par value) per share. The proceeds from the sale, which were in the amount of $495, have gone directly to the Company for initial working capital.

 

As of December 31, 2018, the Company has 95,000,000 shares issued and outstanding. There are no shares of preferred stock issued and outstanding.

 

During the year ended 2019, the Company sold 24,956,826 shares of the Company’s common stock in IPO stage to the public for $499,137, including $496,641 accounted for additional paid-in capital. The transaction was structured as a capital stock subscription.

 

As of December 31, 2019, the Company has 119,956,826 shares issued and outstanding. There are no shares of preferred stock issued and outstanding.

 

As of December 31, 2020, the Company has 119,956,826 shares issued and outstanding. There are no shares of preferred stock issued and outstanding.