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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 118,218 $ 2,494,114
Amortization of intangible asset 3,155 6,206
Depreciation 24,952 0
Changes in operating assets and liabilities:    
Accounts receivables 4,718,145 (1,509,231)
Account receivable- related party 3,177,767 0
Other receivables (99,609) 227,063
Prepayments (1,608,486) (1,407,521)
Accounts payables (23,141) 176,447
Accounts payable- related party 157,281 0
Accrued expenses (130,440) 229,682
Right of use assets 285,100 272,426
Lease liabilities (311,320) (277,733)
Other payables 179,741 (753,280)
Net cash flows provided by/ (used in) operating activities: 6,491,363 (541,827)
Cash flow from investing activities:    
Leasehold improvements (648,389) (170,265)
Net cash used in investing activities: (648,389) (170,265)
Cash flow from financing activities:    
Proceeds from/ (repayment) of note receivable 611,715 (564,562)
Proceeds from related parties loan 230,832 144,000
Net cash flows provided by/ (used in) financing activities: 842,547 (420,562)
Effect of exchange rate changes on cash (150,041) (297,485)
Change in cash and cash equivalents: 6,535,480 (1,430,139)
Cash and cash equivalents, beginning of period 616,593 4,640,603
Cash and cash equivalents, end of period 7,152,073 3,210,464
Supplemental cash flow information:    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 1,078,125