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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (11,811,472) $ (5,134,523)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 17,364 8,725
Stock based compensation for non employees 5,143,483 927,220
Gain/Loss on investment in equity securities 193,147
Government grant income (256,731)
Provision for doubtful accounts 521,955  
Other non-cash income and expenses 30,564
Deferred tax (31,247) (187,055)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (31,909) (171,655)
Decrease (increase) in prepaid expenses and deposits 243,065 (647,219)
Decrease (increase) in due from related parties (983,707) 422,651
Increase (decrease) in inventory 5,486 (59,673)
Increase (decrease) in accounts payable   (6,547)
Increase (decrease) in accrued expenses and other current liabilities (99,306) (338,928)
Increase (decrease) in advance from others (1,085)
Increase (decrease) in due to related parties 58,402 178,570
Net cash used in operating activities (6,937,322) (5,073,103)
Cash flows from investing activities    
Purchase of equipment (119,603)
Purchase of investment (110,700)
Purchase of property, plant and equipment   (17,503)
Prepayment for equity investment (1,518,793) (1,104,609)
Net cash used in investing activities (1,638,396) (1,232,812)
Cash flows from financing activities    
Issuance of common stock 3,917,425 6,875,000
Payment for offering costs (850,429)
Proceeds from short-term loan 350,000
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
Repayment of long-term bank loans (4,396)
Net cash provided by (used in) financing activities 4,267,425 5,742,737
Effect of exchange rate changes on cash and cash equivalents and restricted cash (286,775) 11,579
Net decrease in cash and cash equivalents and restricted cash (4,595,068) (551,599)
Cash and cash equivalents and restricted cash    
Beginning 6,565,215 5,001,371
Ending 1,970,147 4,449,772
Supplemental disclosure of cash flows    
Interest expense paid 161,741 327,642
Income taxes paid $ 1,600