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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (5,134,523) $ (5,624,450)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 8,725 30,329
Stock based compensation for non employees 927,220 999,820
Gain/Loss on investment in equity securities 193,147 1,067,298
Government grant income (256,731)
Other non-cash income and expenses (15,360)
Investment loss 990,982
Deferred tax (187,055) (136,797)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (171,655) 14,051
Decrease (increase) in prepaid expenses and deposits (647,219) 47,310
Decrease (increase) in due from related parties (45,784) 381,918
Increase (decrease) in accounts payable (6,547) (921)
Increase (decrease) in inventory (59,673)
Increase (decrease) in notes payable   22,806
Increase (decrease) in accrued expenses and other current liabilities (338,928) 429,051
Increase (decrease) in advance from others (1,085) 332
Increase (decrease) in due to related parties 178,570 (582,242)
Net cash used in operating activities (5,541,538) (2,375,873)
Cash flows from investing activities    
Sale of investments 137,088
Loan to related parties (469,627)
Purchase of investments (110,700)
Purchases of property, plant and equipment (17,503)  
Prepayment for equity investment (636,174)
Net cash used in investing activities (764,377) (332,539)
Cash flows from financing activities    
Proceeds from short-term loan 100,000
Proceeds from short-term borrowing from third parties 512,212
Proceeds from short-term borrowing from related parties 72,433
Issuance of common stock 6,875,000 2,153,231
Payment for offering costs (850,429)  
Repayment of convertible notes (306,836)
Repayment of short-term loan (100,000)
Repayment of notes payable (107,100)  
Proceeds from long-term loans 236,498 124,400
Repayment of long-term bank loans (4,396) (263,483)
Net cash provided by financing activities 5,742,737 2,698,793
Effect of exchange rate changes on cash and cash equivalents and restricted cash 11,579 1,029
Net increase (decrease) in cash and cash equivalents and restricted cash (551,599) (8,590)
Cash and cash equivalents and restricted cash    
Beginning 5,001,371 160,443
Ending 4,449,772 151,853
Cash paid during the year for:    
Interest expense paid 327,642 130,309
Income taxes paid
Non-cash financing and investing activities    
Common shares issued for debt conversion $ 2,693,550 $ 1,446,780