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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (7,750,451) $ (176,807)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of equipment 2,365 88
Amortization of intangible assets 385,468
Lease expenses of right-of-use assets 204,373
Other-than-temporary impairment losses 1,500,000
Changes in operating assets and liabilities    
Accounts receivable (27,604)
Other receivables (30,395) (1,104,411)
Prepaid and other current assets 762,650 (173,349)
Accounts payable (115,396)
Other payables and accrued liabilities 90,972 (164,607)
Customer deposits 72,168
Lease liabilities (233,683)
Taxes payable (8,158)
Other payables - related party 40,000
Deferred tax liability (21,918)
Net cash used in operating activities (5,050,619) (1,698,076)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (4,642)
Loan to a third party (1,900,000)
Repayment of loan to a third party 1,250,000
Net cash used in investing activities (650,000) (4,642)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 829,879 8,718,238
Proceeds from exercise of pre-funded warrants 654
Net cash provided by financing activities 830,533 8,718,238
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS (3,595) (3,889)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (4,873,681) 7,011,631
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 5,175,518 389,108
CASH AND CASH EQUIVALENTS, END OF PERIOD 301,837 7,400,739
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax
Cash paid for interest 82
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock for Cash 8,718,240
Issuance of common stock for acquisition right, title, and interest in and to the certain software 1,248,000 750,000
The cancellation of the common stock 948,000
Initial recognition of right-of-use assets and lease liability 100,002
Issuance of common stock for 13.3333% interest in SH Xianzhui 3,150,793
Exercise of November 2023 Registered Warrants $ 71