December 31, ASSETS Note 2019 2018 JD JD Current Assets: Cash on hand and at banks Accounts receivable net Inventory - net Due from related parties Other debit balances Total Current Assets Non-Current Assets: 56958 1,385,585 10,617,480 3,177,170 9,715,712 10,102,780 8,215,044 25 938,658 2,293,884 25,338,387 773,481 2,251,686 24,133,093 Deferred tax assets 22/d 252,185 217,868 Intangible assets - net 9 6,361,718 6,384,438 Property and equipment - net 10 34,912,284 30,545,988 Right-of-use assets 11 537,808 Total Non-Current Assets 42,063,995 37,148,294 TOTAL ASSETS 67,402,382 61,281,387 Current Liabilities: LIABILITIES Notes payable Accounts payable 12 12 916,220 845,931 5,643,212 4,250,191 Due to related parties 25 306,699 100,771 Deposits and accrued expenses 13 4,783,977 3,600,142 Lease liabilities due within one year 11 123,215 Loans installments due within one year 14 5,933,915 4,950,075 Income tax provision 22/a Total Current Liabilities 432,576 18,139,814 227,711 13,974,821 Non-Current Liabilities: Loans installments due within more than one year 14 9,951,821 11,944,188 Lease liabilities due within more than one year 11 379,729 Provision for end-of-service indemnity Total Non-Current liabilities Total liabilities Paid-up capital 15 2,525,253 2,052,371 12,856,803 13,996,559 30,996,617 27,971,380 OWNERS' EQUITY 16/a 25,000,000 25,000,000 Statutory reserve 16/b 4,634,738 4,174,720 Retained earnings 16/c 9,234,813 6,599,073 Effect of the purchase of non-controlling interest shares 16/d (2,463,786) (2,463,786) Total shareholders' equity 36,405,765 Non-controlling interest 33,310,007 Total Owners' Equity 36,405,765 TOTAL LIABILITIES AND OWNERS' EQUITY 33,310,007 67,402,382 61,281,387