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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (27,074,245) $ (169,997,054)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,674,923
Bad debt provision 5,234,205
Inventory markdown 27,247
Impairment loss 2,750,000 178,296,747
Share based compensation 702,000
Changes in operating assets and liabilities    
Accounts receivable (495) (17,082,886)
Other receivable 124,533 (12,939,323)
Advances to suppliers and other current assets (1,668,847) 2,805,215
Inventories (30,841) (4,246,665)
Accounts payable (1,731,528) (223,416)
Accrued expenses (15,939,575) (779,504)
Changes in net assets related to discontinued operations 13,756,540  
Advances from customers 314,228 504,091
Net cash used in operating activities (15,839,843) (4,880,137)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (5,006)
Purchase of intangible assets (43,003)
Net cash used in investing activities (48,009)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issue of common stock 155,970
Changes in financing amount due to/from related parties (2,134,722)
Proceeds from Secured Convertible Promissory Note 1,503,793
Changes in net assets related to discontinued operations (4,800,701)
Net cash (used in) provided by financing activities (5,431,630) 155,970
Effect of change in exchange rate 21,728,082 390,494
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 408,599 (4,333,673)
Cash and cash equivalents, beginning of year 253,804 4,586,757
Cash and cash equivalents, end of year 539,316 253,804
Less: Cash and cash equivalents from the discontinued operations, end of year (123,087)
Cash and cash equivalents, from the continuing operations end of year 539,316 253,804
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest
Cash paid for income taxes
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION    
Conversion of convertible notes $ 1,415,064