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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 560,855 $ 652,084
Amortization of intangible asset 1,618 3,084
Depreciation 12,793 0
Changes in operating assets and liabilities:    
Accounts receivables 4,684,770 (284,056)
Account receivable- related party 3,577,964 0
Other receivables (106,434) (615)
Prepayments (1,232,000) (1,272,083)
Accounts payables (107,343) 668,159
Accrued expenses (148,822) 254,206
Right of use assets 145,188 133,224
Lease liabilities (158,632) (135,835)
Tax payables 129,826 (578,814)
Other payables 60,707 0
Net cash flows provided by/ (used in) operating activities: 7,420,490 (560,646)
Cash flow from investing activities:    
Leasehold improvements (723,420) 0
Net cash used in investing activities: (723,420) 0
Cash flow from financing activities:    
Proceeds from/ (repayment) of note receivable 137,008 (1,444,683)
Proceeds from related parties loan 122,832 36,000
Net cash flows provided by/ (used in) financing activities: 259,840 (1,408,683)
Effect of exchange rate changes on cash (4,966) 1,666
Change in cash and cash equivalents: 6,951,944 (1,967,663)
Cash and cash equivalents, beginning of period 616,593 4,640,603
Cash and cash equivalents, end of period $ 7,568,537 2,672,940
Supplemental cash flow information:    
Cash paid for interest   0
Cash paid for taxes   $ 553,195