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Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 1,118,671 $ 4,562,589
Accounts receivable, net 322,334 352,379
Inventory, net 14,417,742 18,801,529
Prepaid expenses and other current assets 871,771 741,243
Total current assets 16,730,518 24,457,740
Property and equipment, net 208,297 274,195
Deferred tax assets 1,095,258 549,320
Right-of-use lease assets 294,678 450,721
Total non-current assets 1,598,233 1,274,236
TOTAL ASSETS 18,328,751 25,731,976
Current liabilities    
Short-term loan 643,294 652,316
Accounts payable 7,448,841 11,883,253
Accrued expenses and other current liabilities 929,294 1,742,972
Operating lease liabilities-current 266,672 385,216
Total current liabilities 9,288,101 14,663,757
Non-current liabilities    
Operating lease liabilities-non-current 15,508 64,945
Total non-current liabilities 4,185,926 4,235,363
Total liabilities 13,474,027 18,899,120
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding as of June 30, 2023 and December 31, 2022
Common stock: $0.0001 par value, 300,000,000 shares authorized, 35,070,776 and 35,047,828 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 3,507 3,506
Additional paid-in capital 5,709,652 5,675,320
(Accumulated deficit) retained earnings (827,540) 1,177,072
Accumulated other comprehensive loss (30,895) (23,042)
Total stockholders’ equity 4,854,724 6,832,856
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 18,328,751 25,731,976
Related Party [Member]    
Non-current liabilities    
Due to related parties $ 4,170,418 $ 4,170,418