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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (10,055,020) $ (6,234,991)
Net income (loss) from discontinued operation 644,593 (166,306)
Net loss from continuing operations (10,699,613) (6,068,685)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 253,607 209,037
Amortization 42,776 42,776
Provision of doubtful debts 3,942,179 20,353
Impairment of short term investment 9,337 3,872
Interest expenses related to convertible note 63,611
Changes in operating assets and liabilities    
Accounts receivable 2,612,605 4,579,345
Other receivable 9,070,999 (2,904,290)
Advances to suppliers and other current assets (18,767,416) 2,458,748
Operating lease assets and liabilities 6,174
Accounts payable (1,542,891) (3,250,767)
Accrued expenses and other payables 1,734,417 (1,346,208)
Advances from customers (249,636) (1,170,496)
Net cash used in operating activities from continued operations (13,523,851) (7,426,315)
Net cash provided in operating activities from discontinued operations 425,030 1,055,883
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (360,892) (369,071)
Disposal of property and equipment 203,528
Repayment for loan receivable (140,662) 14,130,632
Debt investment (1,826,640)
Payment for short term investment 946,669
Net cash provided by investing activities from continued operations (1,177,997) 13,761,561
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the issuance of common stock, net of issuance costs 2,580,643
Notes payable (2,893,184)
Proceeds from amounts due from related parties, net 343,447 249,068
Repayment of amounts due to related parties, net (1,607,798) (270,714)
Net cash provided by (used in) financing activities from continued operations 1,316,292 (2,914,830)
Effect of change in exchange rate 463,719 (720,403)
NET (DECREASE) INCREASE IN CASH AND RESTRICTED CASH (12,496,807) 3,755,896
Cash and cash equivalents, from the continuing operations beginning of year 19,016,198 29,648,236
Cash and cash equivalents, from the continuing operations end of year 6,519,391 33,404,132
Less: Cash and cash equivalents from the discontinued operations, end of year (64,761)
Cash and cash equivalents, from the continuing operations end of year 6,519,391 33,339,371
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION    
Issuance of common stocks (Note 19) 2,580,643
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes $ 9,249 $ 67,740