v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:    
Net income (loss) $ (318,144) $ (71,141)
Adjustments to reconcile net income (loss) to net cash provided by operations    
Depreciation 8,484 3,388
Stock Compensation 612,616 436,653
Stock issued for services 0 875
Bad debt provision 198,443 128,816
Accounts receivable, net (2,000,740) (568,573)
Other receivable 0 0
Other receivable - related parties 74,495 (278,811)
Prepayment 640 2,436
Deferred tax assets (158,517) (10,774)
Accounts payable and accrued expenses (159,678) 274,187
Deferred revenues 925,460 319,847
Other payables (3,956) 5,016
Deposit from customers 1,469 0
Due to Related Party 74,114 62,080
Income tax payable 10,337 7,225
Net cash provided by (used in) operating activities (734,977) 311,224
Investing Activities:    
Purchase of fixed assets (23,885) (10,891)
Issuance of notes receivable (73,000) 0
Acquisition of subsidiaries 0 (350,000)
Net cash used in Investing activities (96,885) (360,891)
Financing Activities:    
Proceeds from issuance of common stock 759,015 381,019
Net cash provided by financing activities 759,015 381,019
Increase (Decrease) in cash and cash equivalents (72,847) 331,352
Cash and cash equivalents at beginning of period 973,015 641,663
Cash and cash equivalents at end of period 900,168 973,015
Supplemental disclosure of cash flow information    
Interest paid 0 535
Income taxes paid 0 0
Noncash investing and financing activities:    
Shares issued to convert notes payable and other debts $ 0 $ 169,168