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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 88,930,311 $ (27,074,245)
Net income from discontinued operation 118,950,252 (15,964,524)
Net loss from continuing operations (30,019,941) (11,109,721)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 5,217 2,886
Amortization 130,125 414
Bad debt provision 3,356,725 5,158,818
Impairment of intangible assets 1,759,059
Impairment of long term investment 12,250,000 2,751,099
Inventory write-off 3,594  
Share based compensation 7,131,000 703,300
Loss on debt settlement and conversion 2,599,304  
Interest expenses related to convertible note 99,858 523,551
Changes in operating assets and liabilities    
Accounts receivable 4,478 (4,954)
Inventory   (3,594)
Other receivable (208,507) (51,093)
Advances to suppliers and other current assets (177,258) (2,594,474)
Operating lease assets and liabilities (15,244)  
Accounts payable 1,470 205,798
Due to related parties 276,297  
Accrued expenses 1,170,519 (1,786,182)
Advances from customers (416,543) 303,782
Net Cash Used In Operating Activities – Discontinued Operations (224,762) (4,240,466)
Net Cash Used In Operating Activities – Continued Operations (2,049,848) (5,900,368)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (2,984) (5,006)
Advance of short-term loan investment (5,355,944)
Purchase of intangible assets   (43,003)
Net Cash Used in Investing Activities from Discontinued Operations 84,847
Net Cash Used in Investing Activities from Continuing Operations (5,358,928) (48,009)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of common stock, net of issuance costs 10,256,309
Proceeds from amounts due from related parties, net 476,015 852,057
Proceeds from loan payable 694,639  
Repayment of loans payable (335,624)
Proceeds from Secured Convertible Promissory Note 6,086,535 2,373,054
Net cash (used in) provided by financing activities 17,177,874 3,225,111
Effect of change in exchange rate (29,024) 7,483,307
NET INCREASE IN CASH AND CASH EQUIVALENTS 9,600,159 519,575
Cash and cash equivalents, beginning of year 190,867 19,741
Cash and cash equivalents, end of year 9,788,041 190,867
Less: Cash and cash equivalents from the discontinued operations, end of year (2,985) (348,449)
Cash and cash equivalents, from the continuing operations end of year 9,788,041 190,867
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION    
Issuance of common stocks for conversion of debts 700,236 1,120,000
Debt settlement by issuance of common stock $ 5,281,000