XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consoolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
 CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (320,466) $ (810,188)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 18,130 90,529
Depreciation and amortization 68,488 62,371
Amortization of debt discount 7,226 7,407
Change in fair value of derivative liabilities (342,575)
Changes in operating assets and liabilities:    
Accounts receivable (589,928) (910,284)
Inventory (1,995)
Prepaid and other current assets (75,867) (6,977)
Due from related parties 46,631 47,832
Accounts payable 1,144,422 49,794
Accrued and other current liabilities (675,466) 34,224
Net cash used in operating activities (721,400) (1,435,292)
 CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of subsidiaries, net of cash acquired (1,564,132)
Purchase of property and equipment (132,249) (47,223)
Advances of loan receivable - related parties (149,537) (1,000)
Collection of amounts due from related parties 2,700 100
Net cash used in investing activities (279,086) (1,612,255)
 CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 150,000
Repayments of loans payable (9,006) (232,018)
Proceeds from common stock issued 1,100,000
Proceeds from exercise of warrants 400,000
Proceeds from convertible notes 250,000
Deposit for option 500,000
Net cash provided by financing activities 790,994 1,367,982
 Effect of exchange rate changes on cash 6,873 (9,311)
 Net change in cash (202,619) (1,688,876)
 Cash, beginning of period 1,329,389 3,334,813
 Cash, end of period 1,126,770 1,645,937
 Supplemental cash flow information    
Cash paid for interest 6,600 3,333
Cash paid for taxes
 Non-cash transactions:    
Common stock issued for asset acquisition 325,000
Common stock issued for acquisitions of subsidiaries 1,550,000
Resolution of derivative liabilities upon exercise of warrants $ 240,258