v3.19.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 1,799,132	$ 2,350,930
Accounts receivable	60,151	53,026
Inventories	1,859,669	1,549,996
Prepaid expenses and other current assets	329,414	452,715
Total current assets	4,048,366	4,406,667
Property and equipment, net	3,136,902	2,854,802
TOTAL ASSETS	7,185,268	7,261,469
Current liabilities:
Accounts payable	462,717	245,396
Due to related parties	36,426
Advance from customers	122,597	653,305
Mortgage payable - current portion	72,697	69,898
Other current liabilities	199,675	296,723
Total current liabilities	894,112	1,265,322
Mortgage payable	1,818,379	1,891,019
Total liabilities	2,712,491	3,156,341
Jakroo Inc. Stockholders' equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized; None issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 31,488,650 and 31,288,650 shares issued and outstanding as of December 31, 2018 and 2017, respectively	31,489	31,289
Additional paid in capital	855,938	693,352
Statutory reserve	136,652	136,652
Retained earnings	3,358,766	3,023,173
Accumulated other comprehensive loss	(326,648)	(126,596)
Total Jakroo Inc. Stockholders' equity	4,056,197	3,757,870
Non-controlling interests	416,580	347,258
Total Stockholders' Equity	4,472,777	4,105,128
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 7,185,268	$ 7,261,469

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

JAKROO INC. 10-K