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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 4,348,635 $ 2,958,674
Restricted cash 669,525
Notes receivable 309,796
Accounts receivable, net 15,479,437 13,071,065
Due from related parties 154,083 3,073
Prepayments, deposits and other current assets, net 1,146,006 1,576,070
Total Current Assets 22,107,482 17,608,882
Property and equipment, net 4,707,112 3,432,569
Restricted cash 97,876
Prepayments, deposits and other assets, net 865,498 624,093
Deferred tax assets 87,416 21,371
Total Assets 27,767,508 21,784,791
CURRENT LIABILITIES:    
Bank loan 1,527,162 230,507
Notes payable 467,806
Accounts payable 16,231,682 12,123,486
Customer deposits 142,359 442,424
Deferred revenue 1,268,451 803,271
Salaries and benefits payable 836,558 1,104,885
Due to related party 615,481
Taxes payable 867,610 1,253,245
Total Current Liabilities 21,341,628 16,573,299
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Ordinary Shares, 0.00166667 par value; 30,000,000 shares authorized; 6,905,248 shares issued and outstanding as of December 31, 2018 and 2017 [1] 11,509 11,509
Shares subscription receivable [1] (11,509) (11,509)
Additional Paid-in Capital 5,519,507 5,519,507
Retained earnings (accumulated deficit) 806,002 (740,288)
Accumulated other comprehensive income 100,371 439,201
Total Powerbridge Technologies Co., Ltd.’s Shareholders’ Equity 6,425,880 5,218,420
Non-controlling interest (6,928)
Total Equity 6,425,880 5,211,492
Total Liabilities and Equity $ 27,767,508 $ 21,784,791
[1] Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance and share split on August 18, 2018 and February 10, 2019.