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v3.24.4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended
--- | ---
Sep. 30, 2024 | Sep. 30, 2023
Cash flows from operating activities: |  |
Net Profit/ (loss) | $ 13,991,362 | $ (13,714,836)
Fair value (gain)/loss from digital assets | (17,899,568) | 3,059,342
Gain/ (loss) from discontinued operation | 6,296 | (1,552,178)
Changes in operating assets and liabilities: |  |
Accounts receivables | 1,000,000 |
Prepayments |  | 50,000
Account payables | (800,000) |
Director fee payable | 92,000 |
Accrued expenses | 49,500 | 270,864
Other payables | 813,000 |
Deferred tax liabilities | 2,666,078 |
Net cash flows used in continued operating activities | (81,332) | (11,886,808)
Net cash flows used in discontinued operating activities |  | 32,881,236
Net cash flows (used in)/ provided by operating activities | (81,332) | 20,994,428
Cash flow from Investing activities: |  |
Prepayment for digital assets |  | (12,125,500)
Digital assets |  | (24,990,000)
Net cash flows used in investing activities |  | (37,115,500)
Cash flow from financing activities: |  |
Shareholders’ loan | (512,808) | 87,440
Proceeds from stock issuances | 594,140 | 12,616,454
Net cash flows from financing activities | 81,332 | 12,703,894
Net cash flows from discontinued activities |  | 4,500,000
Net cash flows provided by financing activities | 81,332 | 17,203,894
Effect of exchange rate changes on cash |  | 310,576
Change in cash and cash equivalents: |  | 1,393,398
Cash and cash equivalents, beginning of period | 668,387 | 22,926
Cash and cash equivalents, end of period | 668,387 | 1,416,324
Supplemental cash flow information: |  |
Cash paid for interest |  |
Cash paid for taxes |  |

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