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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 6,293,415 $ 1,682,526
Accounts receivable, net 6,337,730 4,118,502
Other receivables, net 133,266 72,255
Prepayments 511,385 1,412,570
Short-term investment 7,091,939 0
Total current assets 20,367,735 7,285,853
OTHER ASSETS    
Property and equipment, net 254,591 2,193,189
Right-of-use assets 292,743
Long-term deposits, net 175,085 107,260
Intangible assets, net 4,778,481 5,247,752
Deferred tax assets 389,893
Deferred offering cost 730,586
Escrow 600,000
Goodwill 2,009,769
Total other assets 8,110,669 8,668,680
Total assets 28,478,404 15,954,533
CURRENT LIABILITIES    
Accounts payable 4,530,740 552,540
Bank loans - current 4,496,883 3,065,134
Interest payable- related party 574,065
Other payables and accrued liabilities 947,976 687,702
Deferred revenue 1,405,374 1,755,967
Taxes payable 701,873 865,795
Lease liabilities - current 185,146
Total current liabilities 12,267,992 7,501,203
OTHER LIABILITIES    
Deferred tax liabilities 81,992 322,035
Bank loans - noncurrent 131,603
Lease liabilities - noncurrent 95,947
Total other liabilities 309,542 322,035
Total liabilities 12,577,534 7,823,238
COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY    
Ordinary shares,$0.001 par value, 50,000,000 shares authorized, 25,445,000 and 19,000,000 issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 25,445 19,000
Additional paid-in capital 26,783,355 5,852,089
Statutory reserves 449,136 437,549
(Accumulated deficits) Retained earnings (12,799,436) 1,084,383
Accumulated other comprehensive income 592,218 494,046
Total shareholders’ equity attributable to Infobird Co., Ltd 15,050,718 7,887,067
Noncontrolling interests 850,152 244,228
Total equity 15,900,870 8,131,295
Total liabilities and equity $ 28,478,404 $ 15,954,533