Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.20.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Deficit
Statutory Reserve
Accumulated Other Comprehensive Loss
Non-controlling Interest
Total
Beginning balance at Dec. 31, 2018 $ 7,383 $ 24,153,378 $ (522,500) $ (11,291,776) $ 6,578 $ (236,860) $ (862,200) $ 11,254,003
Beginning balance, Shares at Dec. 31, 2018 73,830,751   (520,000)          
Issuance of common stock upon cashless exercise of stock warrants $ 35 (35)
Issuance of common stock upon cashless exercise of stock warrants, Shares 350,856            
Issuance of common stock upon cashless exercise of stock options $ 16 (16)
Issuance of common stock upon cashless exercise of stock options, Shares 158,932            
Stock-based compensation 2,272,747 2,272,747
Foreign currency translation adjustment 44,680 (1,198) 43,482
Net loss (4,405,816) (99,113) (4,504,929)
Ending balance at Mar. 31, 2019 $ 7,434 26,426,074 $ (522,500) (15,697,592) 6,578 (192,180) (962,511) 9,065,303
Ending balance, Shares at Mar. 31, 2019 74,340,539   (520,000)          
Beginning balance at Dec. 31, 2018 $ 7,383 24,153,378 $ (522,500) (11,291,776) 6,578 (236,860) (862,200) 11,254,003
Beginning balance, Shares at Dec. 31, 2018 73,830,751   (520,000)          
Net loss                 (8,943,752)
Ending balance at Jun. 30, 2019 $ 7,618 29,675,711 $ (522,500) (20,054,816) 6,578 (228,183) (1,042,210) 7,842,198
Ending balance, Shares at Jun. 30, 2019 76,175,639   (520,000)          
Beginning balance at Mar. 31, 2019 $ 7,434 26,426,074 $ (522,500) (15,697,592) 6,578 (192,180) (962,511) 9,065,303
Beginning balance, Shares at Mar. 31, 2019 74,340,539   (520,000)          
Sale of common stock, net $ 171 1,411,710 1,411,881
Sale of common stock, net, Shares 1,714,288              
Issuance of common stock for services $ 13 313,788 313,801
Issuance of common stock for services, Shares 120,812              
Stock-based compensation 1,524,139 1,524,139
Foreign currency translation adjustment (36,003) 1,900 (34,103)
Net loss (4,357,224) (81,599) (4,438,823)
Ending balance at Jun. 30, 2019 $ 7,618 29,675,711 $ (522,500) (20,054,816) 6,578 (228,183) (1,042,210) 7,842,198
Ending balance, Shares at Jun. 30, 2019 76,175,639   (520,000)          
Beginning balance at Dec. 31, 2019 $ 7,673 34,593,006 $ (522,500) (29,361,937) 6,578 (257,747) 4,465,073
Beginning balance, Shares at Dec. 31, 2019 76,730,802   (520,000)          
Sale of common stock, net $ 98 1,539,153 1,539,251
Sale of common stock, net, Shares 980,358              
Issuance of common stock for services $ 22 213,278 213,300
Issuance of common stock for services, Shares 222,577              
Stock-based compensation 785,350 785,350
Foreign currency translation adjustment (22,066) (22,066)
Net loss (3,270,781) (3,270,781)
Ending balance at Mar. 31, 2020 $ 7,793 37,130,787 $ (522,500) (32,632,718) 6,578 (279,813) 3,710,127
Ending balance, Shares at Mar. 31, 2020 77,933,737   (520,000)          
Beginning balance at Dec. 31, 2019 $ 7,673 34,593,006 $ (522,500) (29,361,937) 6,578 (257,747) 4,465,073
Beginning balance, Shares at Dec. 31, 2019 76,730,802   (520,000)          
Issuance of common stock for services                 612,030
Net loss                 (6,327,163)
Ending balance at Jun. 30, 2020 $ 8,011 41,215,766 $ (522,500) (35,689,100) 6,578 (276,504) 4,742,251
Ending balance, Shares at Jun. 30, 2020 80,108,887   (520,000)          
Beginning balance at Mar. 31, 2020 $ 7,793 37,130,787 $ (522,500) (32,632,718) 6,578 (279,813) 3,710,127
Beginning balance, Shares at Mar. 31, 2020 77,933,737   (520,000)          
Sale of common stock, net $ 180 2,959,687 2,959,867
Sale of common stock, net, Shares 1,795,150              
Issuance of common stock for services $ 38 398,692 398,730
Issuance of common stock for services, Shares 380,000              
Stock-based compensation 726,600 726,600
Foreign currency translation adjustment 3,309 3,309
Net loss (3,056,382) (3,056,382)
Ending balance at Jun. 30, 2020 $ 8,011 $ 41,215,766 $ (522,500) $ (35,689,100) $ 6,578 $ (276,504) $ 4,742,251
Ending balance, Shares at Jun. 30, 2020 80,108,887   (520,000)