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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 562,612 $ 4,562,589
Accounts receivable, net 737,154 352,379
Inventory, net 23,725,207 18,801,529
Prepaid expenses and other current assets 1,153,552 741,243
Total current assets 26,178,525 24,457,740
Property and equipment, net 175,139 274,195
Deferred tax assets 1,057,710 549,320
Right-of-use lease assets 195,047 450,721
Total non-current assets 1,427,896 1,274,236
TOTAL ASSETS 27,606,421 25,731,976
Current liabilities    
Short-term loan 620,732 652,316
Accounts payable 16,909,757 11,883,253
Accrued expenses and other current liabilities 900,654 1,742,972
Operating lease liabilities-current 171,626 385,216
Total current liabilities 18,602,769 14,663,757
Non-current liabilities    
Operating lease liabilities-non-current 5,598 64,945
Total non-current liabilities 4,176,016 4,235,363
Total liabilities 22,778,785 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 September 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 September 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 (842,596) 1,177,072
Accumulated other comprehensive loss (42,927) (23,042)
Total stockholders’ equity 4,827,636 6,832,856
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 27,606,421 25,731,976
Related Party [Member]    
Non-current liabilities    
Due to related parties $ 4,170,418 $ 4,170,418