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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,387,980) $ (7,580,535)
Adjustments to reconcile net loss to net cash changes operating activities:    
Depreciation 21,605 20,949
Stock-based compensation 2,957,736 1,409,969
Provision for doubtful accounts 38,500
Other non-cash income and expenses 1,134,029 1,422,362
Loss on investment in equity securities 146,942
Deferred tax expense (35,719)
Changes in operating assets and liabilities:    
Decrease in accounts receivable 191,265
Decrease in prepaid expenses and other deposits 14,177 27,924
Decrease (increase) in tenant security deposit 4,000 (2,300)
Decrease (increase) in due from related parties (467,424) 189,755
Increase in accrued expenses and other current liabilities 128,189 648,626
Increase in contract liabilities 68,516
Increase (decrease) in due to related parties 246,138 (155,697)
Decrease in taxes payables (112,946)
Net cash used in operating activities (1,315,534) (3,756,385)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (21,201)
Increase in prepayment for long-term investments (493,158)
Net cash used in investing activities (514,359)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 1,050,000
Proceeds from Issuance of warrant 394,071 2,429,028
Proceeds from exercise of warrants 737,500
Proceeds from convertible notes 282,095 1,352,512
Repayment of convertible notes (179,125)
Proceeds from shares to be issued 164,772
Repayment of short-term loans (1,000,000)
Net cash provided by financing activities 1,399,313 3,831,540
Effects on changes in foreign exchange rate (30,686) 168,413
Net increase (decrease) in cash and cash equivalents, and restricted cash 53,093 (270,791)
Cash and cash equivalents, and restricted cash - beginning of period 716,780 1,391,728
Cash and cash equivalents, and restricted cash - end of period 769,873 1,120,937
Supplemental Cash Flow Disclosures    
Cash paid for interest 59,519 27,525
Cash paid for income taxes 25,863
Non-cash financing and investing activities    
Issuance of common stock for conversion of debt $ 845,715