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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,247,477) $ (2,698,371)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 73,614 45,208
Amortization 14,259 11,768
Provision of doubtful debts 16,826 2,002
Share-based payments   893,250
Impairment of short - term investment   248,512
Changes in operating assets and liabilities    
Accounts receivable 3,454,116 1,284,130
Other receivable (2,875,509) (437,335)
Advances to suppliers and other current assets (10,555,558) 563,832
Accounts payable (1,970,327)  
Accrued expenses (659,794) (404,870)
Proceeds from amounts due from related parties, net 46,860 165,492
Repayment of amounts due to related parties, net (104,156) (312,270)
Advances from customers 4,370,422 13
Net Cash Used in Operating Activities – Continued Operations (10,436,724) (638,639)
Net Cash Used in Operating Activities – Discontinued Operations (1)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (68,970) (17,902)
Payment for loan receivable (5,000,000)
Repayment for loan receivable 224,970 6,000,000
Purchase of intangible assets   (570,351)
Net Cash Provided by Investing Activities from Continued Operations 156,000 411,747
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable 3,621,827
Payment of dividends to the non-controlling interest   (63,477)
Net cash provided by financing activities   3,558,350
Effect of change in exchange rate 345,340 32,969
NET INCREASE IN CASH AND RESTRICTED CASH (9,935,384) 3,364,426
Cash and Restricted Cash at Beginning of Year 29,735,170 50,273,517
Cash and Restricted Cash at End of Year 19,799,786 $ 53,637,943
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION    
Cash paid for income taxes $ 63,162