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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalent $ 8,389,704 $ 5,772,055
Restricted cash   172,369
Notes receivable   215,462
Accounts receivable, net 14,314,985 11,241,076
Prepaid expense – related parties   806,311
Due from related parties 652,873 370,000
Loans to third parties 5,365,517 740,000
Contract costs 4,041,585 2,999,411
Prepayments, deposits and other current assets, net 1,999,281 551,013
Total Current Assets 34,763,945 22,867,697
Property and equipment, net 7,184,101 6,564,640
Prepayments, deposits and other assets, net 385,607 759,397
Loan receivable – long term 63,434,483  
Deferred tax assets 415,131 309,111
Total Assets 106,183,267 30,500,845
CURRENT LIABILITIES:    
Bank loans 4,597,701 1,580,018
Accounts payable 24,282,921 19,773,556
Customer deposits 573,243 270,793
Deferred revenue 1,095,279 869,396
Salaries and benefits payable 2,170,651 1,219,584
Due to related party 71,020 6,538
Taxes payable 698,935 869,913
Total Current Liabilities 33,489,750 24,589,798
EQUITY:    
Ordinary Shares, 0.00166667 par value; 300,000,000 shares authorized, 45,777,318 and 8,967,748 shares issued and outstanding as of December 31, 2020 and 2019 76,296 14,946
Additional Paid-in Capital 100,149,397 15,878,438
Accumulated deficit (28,234,492) (9,980,835)
Accumulated other comprehensive (loss) income 814,343 (1,487)
Total Powerbridge Technologies Co., Ltd.’s Shareholders’ Equity 72,805,544 5,911,062
Non-controlling interest (112,027) (15)
Total Equity 72,693,517 5,911,047
Total Liabilities and Equity $ 106,183,267 $ 30,500,845