XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 10,435 $ 27,517
Receivables (net of allowance for doubtful accounts of $94,197 and $47,112, respectively) 152,852 161,957
Prepaid expenses 270,153 306,978
Inventory 152,850 164,302
Due from related parties 318,763 397,590
Total Current Assets 910,053 1,058,344
Property and equipment, net 653,483 643,872
Intangible assets, net 36,762 38,876
Operating lease right of use asset 2,772,776 2,693,984
Lease security deposit 92,679 152,157
Total Assets 4,465,753 4,587,233
Current liabilities    
Accounts payable and accrued expenses (including accounts payable and accrued expenses of VIE without recourse to the Company of $35,158 and $69,741 as of March 31, 2022 and December 31, 2021, respectively) 394,706 275,831
Advances from prospective customers/distributors (including advances from prospective customers/distributors of VIE without recourse to the Company of $483,932 nd $484,956 as of March 31, 2022 and December 31, 2021, respectively) 483,932 484,956
Due to related parties (including due to related parties without recourse to the Company of $843,013 and $532,121 as of March 31, 2022 and December 31, 2021 respectively) 1,574,462 1,263,660
Operating lease liabilities - current (including operating lease liabilities - current of VIE without recourse to the Company of $307,812 and $293,985 as of March 31, 2022 and December 31, 2021, respectively) 859,940 765,583
Total Current Liabilities 3,313,040 2,790,030
Non-current liabilities    
Operating lease liabilities - non-current (including operating lease liability - non- current of VIE without recourse to the Company of $406,013 and $288,337 as of March 31, 2022 and December 31, 2021, respectively) 1,912,836 1,928,401
Total Liabilities 5,225,876 4,718,431
Commitments and contingencies 0 0
Shareholders' Equity:    
Preferred stock, par value $.01 per share, 5,000,000 shares authorized, none issued 0 0
Additional Paid in Capital 2,117,599 2,117,599
Accumulated deficit (3,064,380) (2,485,432)
Accumulated other comprehensive income (loss) 68,476 118,453
Total Shareholders' Equity (760,123) (131,198)
Total Liabilities and Shareholders' Equity 4,465,753 4,587,233
Common Class A [Member]    
Shareholders' Equity:    
Common stock value 118,178 118,178
Common Class B [Member]    
Shareholders' Equity:    
Common stock value $ 4 $ 4