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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 loss $ (5,035,059) $ (1,200,787) [1]
Net (loss) income from discontinued operation (154) 616,920 [1]
Net loss from continuing operations (5,034,905) (1,817,707) [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 90,182 1,411
Amortization 28,233 2,500
Provision (Recovery) of doubtful debts 1,973 (15,254) [1]
Share-based payments 893,250 893,250
Impairment of short term investment 697,123
Interest expenses related to convertible note (96,691)
Changes in operating assets and liabilities    
Accounts receivable 2,519,226 (851,560)
Notes receivable (1,174,122)
Other receivable (1,198,592) (182,587)
Advances to suppliers and other current assets (2,894,838) 12,226
Accounts payable 28,461 818,903
Proceeds from amounts due from related parties, net 122,329 127,438
Repayment of amounts due to related parties, net (242,828) (1,180,054)
Accrued expenses (569,006) (789,516)
Taxes payable (41,133)
Advances from customers 1,645,086 209
Net Cash Used in Operating Activities – Continued Operations (5,129,561) (3,077,432)
Net Cash Used in Operating Activities – Discontinued Operations 3 (1,247,917)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (52,019) (7,308)
Payment for loan receivable (11,363,000)
Repayment of loan receivable 6,000,000
Purchase of intangible assets (570,351)
Net Cash Used in Investing Activities from Continued Operations (5,985,370) (7,308)
Net Cash Used in Investing Activities from Discontinuing Operations
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of common stock, net of issuance costs 67,877,338
Repayment of convertible payable (1,163,146)
Payment of dividends to the non-controlling interest (63,477)
Proceeds from loan payable 4,199,879 170,429
Net cash provided by financing activities 4,136,402 66,884,621
Effect of change in exchange rate (1,263,771) 39,062
NET INCREASE IN CASH AND CASH EQUIVALENTS (8,242,297) 62,591,026
Cash and cash equivalents, beginning of period 50,273,517 9,425,312
Cash and cash equivalents, end of period 42,031,220 72,016,338
Less: Cash and cash equivalents from the discontinued operations, end of period (85,056)
Cash and cash equivalents, from the continuing operations, end of period 42,031,220 71,931,282
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION    
Deferred liabilities 173,764
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid 41,133
Interest paid $ 6,018 $ 3,913
[1] Reclassification- certain reclassifications have been made to the financial statements for the period ended June 30, 2021 to conform to the presentation for the period ended June 30, 2022, with no effect on previously reported net income (loss).