v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income (loss) $ (429,862) $ (292,240)
Adjustments to reconcile net income to net cash provided by operations    
Depreciation 7,494 6,583
Stock Compensation 406,180 246,858
Bad debt provision 27,496 52,394
Changes in operating assets and liabilities:    
Accounts receivable, net (565,102) (571,559)
Other receivables (9,246) 0
Other receivable - related parties 45,651 38,713
Prepayment 482 478
Deferred tax assets (235,553) 0
Accounts payable and accrued expenses (45,376) (29,793)
Deferred revenues 247,730 427,730
Other payables (500) (4,456)
Deposit from customers 0 73,310
Due to related Parties 34,167 38,870
Income tax payable 9,492 6,839
Net cash provided by (used in) operating activities (506,947) (6,273)
Investing Activities:    
Purchase of fixed assets (10,528) (4,839)
Issuance of notes receivable 1,250 0
Net cash used in Investing activities (9,278) (4,839)
Financing Activities:    
Proceeds from issuance of common stock 186,339 22,500
Net cash provided by financing activities 186,339 22,500
Increase (Decrease) in cash and cash equivalents (329,886) 11,388
Cash and cash equivalents at beginning of period 900,168 973,015
Cash and cash equivalents at end of period 570,283 984,403
Interest paid 0 0
Income taxes paid $ 0 $ 0