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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalent $ 6,960,996 $ 8,389,704
Restricted cash 95,252
Accounts receivable, net 24,217,737 14,314,985
Due from related parties 1,496,093 652,873
Loans to third parties 3,816,618 5,365,517
Contract costs 4,041,585
Prepayments, deposits and other current assets, net 2,035,412 1,999,281
Total Current Assets 38,622,108 34,763,945
Property and equipment, net 10,262,418 7,184,101
Prepayments, deposits and other assets, net 381,656 385,607
Loan receivable – long term 64,951,511 63,434,483
Deferred tax assets 601,271 415,131
Total Assets 114,818,964 106,183,267
CURRENT LIABILITIES:    
Bank loans 4,393,811 4,597,701
Accounts payable 20,364,911 24,282,921
Accounts payable-Related party 734,263
Convertible loans 2,251,832
Customer deposits 575,303 573,243
Deferred revenue 1,344,637 1,095,279
Loan from third party 470,765
Accrued expenses and other current liabilities 835,314 2,170,651
Due to related party 218,862 71,020
Taxes payable 730,924 698,935
Total Current Liabilities 31,920,622 33,489,750
Total Liabilities 31,920,622 33,489,750
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Ordinary shares, 0.00166667 par value; 300,000,000 shares authorized; 56,794,773 and 45,777,318 shares issued and outstanding as of December 31, 2021 and December 31, 2020 94,660 76,296
Additional Paid-in Capital 117,937,928 100,149,397
Accumulated deficit (37,575,834) (28,234,492)
Accumulated other comprehensive (loss) income 2,698,884 814,343
Total Powerbridge Technologies Co., Ltd.’s Shareholders’ Equity 83,155,638 72,805,544
Non-controlling interest (257,296) (112,027)
Total Equity 82,898,342 72,693,517
Total Liabilities and Equity $ 114,818,964 $ 106,183,267