Fundamentals

Select the financial statements you wish to view below.  The reports below may be viewed on either an annual or quarterly basis.

NASDAQAHG

As of

As of

March 31, 

March 31, 

    

Notes

2022

    

2021

USD

USD

ASSETS

 

  

  

CURRENT ASSETS:

Cash and cash equivalents

$

21,925,322

$

15,128,719

Accounts receivable, net

5

15,247

28,362

Loans receivable, net - current

6

5,488,045

Prepayments and other assets

7

887,960

604,524

Inventories

8

7,795,822

Other receivable - current

9

20,000,000

8,872,838

TOTAL CURRENT ASSETS

50,624,351

30,122,488

Property and equipment, net

10

55,433

66,887

Other receivable - non-current

9

1,496,121

TOTAL ASSETS

$

50,679,784

$

31,685,496

LIABILITIES AND SHAREHOLDERS’ EQUITY

  

  

CURRENT LIABILITIES:

Accrued expenses and other current liabilities

13

1,069,049

1,142,507

Taxes payable

17

125,153

302,682

Amount due to related parties

15

37,200,000

2,968,782

Note payable - current

14

10,000,000

TOTAL CURRENT LIABILITIES

38,394,202

14,413,971

TOTAL LIABILITIES

38,394,202

14,413,971

COMMITMENTS AND CONTINGENCIES (Note 23)

  

  

SHAREHOLDERS’ EQUITY:

  

  

Ordinary share ($0.0001 par value, 500,000,000 shares authorized, 69,763,933 and 50,016,457 shares issued, 68,598,050 and 48,850,574 shares outstanding as of March 31, 2022 and 2021, respectively)

20

6,977

5,002

Additional paid-in capital

 

71,021,898

60,615,048

Treasury stock (1,165,883 shares as of March 31, 2022 and 2021, respectively)

22

(3,988,370)

(3,988,370)

Deficit

 

(53,107,676)

(36,256,612)

Accumulated other comprehensive loss

 

(1,649,223)

(3,103,543)

TOTAL SHAREHOLDERS’ EQUITY

12,283,606

17,271,525

Non-controlling interest

3

1,976

TOTAL EQUITY

12,285,582

17,271,525

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

50,679,784

$

31,685,496