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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net Loss $ (1,117,586) $ (2,218,062) $ (1,755,042)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization 388,319 307,563 301,368
Gains on withdrawal of Right-of-use lease assets (53,816)
Bad debt expense 144,520 (7,237)
Gain on disposal of subsidiaries (26,049)
Change in operating assets and liabilities:      
Account receivable, net 17,009 (415,749)
Prepaid expenses 123,896 40,281
Inventories, net 1,124,567 (1,195,104) (207,488)
Other current assets (176,613) (21,551) (5,819)
Advances to suppliers, net 361,443 (58,015) (579,778)
Rent deposit 44,347 (41,407)
Deferred offering costs (339,727) (312,936)
Accounts payable (4,123,850) 4,198,669 790,113
Contract liabilities (4,251,510) 3,570,025 1,339,505
Tax payable 33,690 (98,610) (21,268)
Lease liability (256,432) (227,221) (199,286)
Accrued expenses and other current liabilities (799,545) 1,225,660 249,925
Net cash provided by (used in) operating activities (8,691,506) 4,851,774 (409,069)
Cash flows from investing activities:      
Investment in loan receivable (26,500,000)
Proceeds from the investment in loan receivable 26,500,000
Short term investment 72,420 (72,371)
Purchase of plant and equipment (81,197) (27,705) (80,573)
Net cash provided by (used in) investing activities 26,418,803 (26,455,285) (152,944)
Cash flows from financing activities:      
(Payment to) proceeds from related parties loans (750,490) 1,005,461 107,976
IPO proceeds due to related party 4,999,550
Proceeds from borrowings 455,756
Proceeds from initial public offering 21,500,450
Capital contributions 1,408,013 166,565 896,958
Net cash provided by financing activities 1,113,279 27,672,026 1,004,934
Effect of changes of foreign exchange rate on cash 765,792 413,155 4,014
Net increase in cash 19,606,368 6,481,670 446,935
Cash and cash equivalents at the Beginning of financial year 7,027,964 546,294 99,359
Cash and cash equivalents at the end of financial year 26,634,332 7,027,964 546,294
SUPPLEMENTARY CASH FLOW INFORMATION:      
Deferred offering cost reduces additional paid-in capital $ 652,871