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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net loss $ (8,302,546) $ (8,505,696)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 62,110 62,055
Amortization of operating lease right-of-use assets 632,766 380,178
Loss on disposal of fixed assets 36,549
Write down of inventories 5,169,347 5,526,307
Stock based compensation expense 486,880 38,610
Changes in bad debt allowance 2,376 (3,328)
Changes in operating assets and liabilities:    
Accounts receivable (295,163) 332,870
Advance to suppliers 664,462 56,440
Inventories (1,706,482) (491,056)
Other current assets 175,225 (387,526)
Operating lease liabilities (632,766) (348,917)
Accounts payable 570,090 (27,270)
Advance from customers (215,869) 137,243
Accrued liabilities and other payables (12,731) 171,218
Taxes payable (87,807) (70,473)
Net Cash Used in Operating Activities (3,453,559) (3,129,345)
Cash Flows From Investing Activities    
Purchase of property and equipment (5,771) (155,156)
Net Cash Used in Investing Activities (5,771) (155,156)
Cash Flows From Financing Activities    
Proceeds from equity financing, net 2,760,973
Net Cash Provided by Financing Activities 2,760,973
Effect of Exchange Rate Changes on Cash and Cash Equivalents 353,326 (342,380)
Net decrease in cash and cash equivalents (3,106,004) (865,908)
Cash and cash equivalents, beginning of period 6,276,106 8,744,784
Cash and cash equivalents, ending of period 3,170,102 7,878,876
Supplemental Disclosure of Cash Flow Information    
Income tax payments 247,898 251,067
Interest expense $ 9,016 $ 4,801