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Consolidated Statements of Cash Flows - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (106,269) $ (996,825) $ 164,811
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 57,603 38,973
Loss on disposal of equipment 144
Deferred tax provision (benefit) (35,423) (282,083) 25,079
Amortization of stock compensation expenses for services 488,334
Change in operating assets and liabilities      
Other receivables (3,123) (208,266) (38,288)
Prepaid expenses (88,671) (1,184,885) (1,518,243)
Security deposits (58,701) 55,876
Accounts payable 14,035 (13,592)
Other payables and accrued liabilities 19,621 238,913 162,770
Deferred revenues (13,651) 13,890
Deferred rent liabilities 28,177 (13,410) (13,644)
Taxes payable (50,489) 85,922
Net cash used in operating activities (230,354) (1,908,739) (1,092,322)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (21,552) (49,082) (108,757)
Cash acquired through variable interest entity 17,868
Net cash used in investing activities (21,552) (31,214) (108,757)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Prepaid IPO costs (389,635)
Capital contribution 936,600 8,044,569
Net cash (used in) provided by financing activities 936,600 (389,635) 8,044,569
EFFECT OF EXCHANGE RATE ON CASH (10,179) 407,446 (139,085)
INCREASE/(DECREASE) IN CASH 674,515 (1,922,142) 6,704,405
CASH, beginning of year 7,378,920 674,515
CASH, end of year 674,515 5,456,778 7,378,920
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income tax 10,542
Cash paid for interest
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES      
Capital contribution on shares subscription receivables 100 45,357
Noncontrolling interests acquired and contributed by shareholders 348,323
Issuance of ordinary shares to service providers for IPO services 2,000,000
Issuance of ordinary shares to service providers for consulting services $ 2,030,000