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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (797,309) $ 116,887,859
Net income from discontinued operation 194,108 123,585,865
Net loss from continuing operations (991,417) (6,698,006)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,515 428
Amortization 1,248
(Recovery) Provision of doubtful debts (2,872) 4,203,054
Share-based payments 893,250 1,191,000
Interest expenses related to convertible note (96,691)
Changes in operating assets and liabilities    
Accounts receivable 4,954
Inventory 1,565
Other receivable (212,558) (139,094)
Advances to suppliers and other current assets 119,728 (17,931)
Accounts payable   (2,214)
Due to related parties (44,241)
Accrued expenses (381,240) 83,118
Advances from customers (273) (144,535)
Net Cash Used in Operating Activities – Discontinued Operations (669,310) (1,561,902)
Net Cash Used in Operating Activities – Continued Operations (71,963) (699,205)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (9,263)
Net Cash Used in Investing Activities from Discontinued Operations (9,263)
Net Cash Used in Investing Activities from Continuing Operations
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of common stock, net of issuance costs 35,496,846
Proceeds from amounts due from related parties, net (949,915) (84,533)
Repayment of convertible payable (1,163,146)
Repayment of loans payable (122,687)
Proceeds from Secured Convertible Promissory Note 822,107
Net cash provided by financing activities 33,261,098 737,574
Effect of change in exchange rate (180,480) 1,568,024
NET INCREASE IN CASH AND CASH EQUIVALENTS 32,330,082 44,491
Cash and cash equivalents, beginning of period 9,788,041 190,867
Cash and cash equivalents, end of period 42,117,677 235,358
Less: Cash and cash equivalents from the discontinued operations, end of period (446) (226,996)
Cash and cash equivalents, from the continuing operations end of period 42,117,677 8,362
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION    
Issuance of common stocks for conversion of debts $ 435,000