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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (12,035,851) $ (10,593,584)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 11,993 37,142
Stock based compensation 5,306,755 4,146,979
Gain/Loss on investment in equity securities 269,844 1,168,733
Government grant income (360,898)
Other non-cash income and expenses (15,360)
Investment loss 1,001,806
Deferred tax 824,199 (223,201)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (120,980) 3,696
Decrease (increase) in prepaid expenses and other current assets (357,276) (15,778)
Decrease (increase) in due from related parties (595,037) 20,645
Decrease (increase) in inventory (25,830)
Increase (decrease) in accounts payable (23,044) (951)
Increase (decrease) in accrued expenses and other current liabilities (173,151) (359,822)
Increase (decrease) in advanced from others (1,085) (1,015)
Increase (decrease) in due to related parties (317,358) 266,791
Net cash used in operating activities (7,597,719) (4,563,919)
Cash flows from investing activities    
Net proceeds from sale of investment 147,804
Purchase of investments (107,547)
Purchase of equipment (17,503)
Loan to related parties (373,235)
Prepayment for equity investment (680,916)
Net cash used in investing activities (805,966) (225,431)
Cash flows from financing activities    
Issuance of common stock 11,119,452 7,615,331
Payment for offering costs (850,429)
Proceeds from convertible notes 2,500,000
Repayment of convertible notes (306,836)
Repayment of short-term loan (100,000)
Repayment of notes payable (107,400)
Repayment of short-term bank loan (350,000)
Proceeds from short-term loan 100,000
Proceeds from long-term loan 236,498 124,400
Proceeds from (repayments of) short term borrowings from third parties 4,265 (480,989)
Proceeds from borrowings from related parties 72,704
Repayment of long-term bank loans (13,603)
Net cash provided by financing activities 9,995,550 9,567,843
Effect of exchange rate changes on cash and cash equivalents and restricted cash (28,021) 62,435
Net increase in cash and cash equivalents and restricted cash 1,563,844 4,840,928
Cash and cash equivalents and restricted cash    
Beginning 5,001,371 160,443
Ending 6,565,215 5,001,371
Cash paid during the year for:    
Interest expense paid 333,873 208,556
Income taxes paid
Non-cash financing and investing activities    
Common shares issued for debt conversion $ 2,693,548 $ 1,717,051