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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 48,875,781 $ (5,645,376) $ (7,050,755)
Less: Net income from discontinued operations 53,267,761 19,003 66,552
Net loss from continuing operations (4,391,980) (5,664,379) (7,117,307)
Adjustments to reconcile net loss from operations to Net cash used in operating activities:      
Depreciation expense 45,782 66,428 40,130
Impairment loss on long-term investment 585,333
Stock-based compensation 1,024,361
Allowance for (recovery from) bad debts (550,000) 100,000 550,000
Recovery of impairment on long-term investment (439,111)
Non-cash lease expense 395,616 367,631 353,419
Gain on lease termination (4,437)
Gain on extinguishment of debt (41,548)
Imputed interest expense on convertible promissory notes 693,299
Foreign currency transaction (gain) loss (4,723) (146,501) 38,670
Noncash other expense (income) (88,911) 906
Changes in operating assets and liabilities:      
Operating lease liabilities (398,841) (389,518) (393,740)
Accounts receivable 108,302 (78,245) (84,752)
Security deposit (431) (26,596) 465,843
Prepaid expenses and other current assets (240,743) 33,015 (54,782)
Deferred revenue (117,004) 121,984
Salary payable (62,536) 108,133 142,758
Accrued liabilities and other payables (181,304) 242,066 267,195
NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (5,026,670) (5,593,881) (4,105,967)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS (124,838) 3,314 9,461
NET CASH USED IN OPERATING ACTIVITIES (5,151,508) (5,590,567) (4,096,506)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (970) (3,792) (37,068)
Proceeds from disposal of property and equipment 7,771
Collection of loan to related party 93,887
Collection of loan to third parties 75,000
Long-term investment in equity (350,000)
Cash received from return of long-term investment 439,111
Cash paid for business acquisition (87,083,160)
Loan to third parties (2,615,313) (2,300,000)
Loan repayment from third parties 878,469
Deposit for business acquisition (1,000,000)
NET CASH USED IN INVESTING ACTIVITIES FROM CONTINUING OPERATIONS (85,758,779) (3,544,105) (2,593,181)
NET CASH USED IN INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS (779,770)
NET CASH USED IN INVESTING ACTIVITIES (86,538,549) (3,544,105) (2,593,181)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment on finance lease (163,301)
Proceeds from issuance of stocks 1,750,140 16,637,200
Proceeds from issuance of convertible promissory notes 88,000,000
Proceeds from short-term loans and other payable 1,671,750    
Repayments to related parties   (2,339)
NET CASH PROVIDED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS 89,671,750 1,750,140 16,471,560
NET CASH USED IN FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS (5,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 89,666,750 1,750,140 16,471,560
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS (27,104) 3,789 (1,579)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,050,411) (7,380,743) 9,780,294
CASH AND CASH EQUIVALENTS - beginning of year 3,825,477 11,206,220 1,425,926
CASH AND CASH EQUIVALENTS - end of year 1,775,066 3,825,477 11,206,220
LESS: CASH, CASH EQUIVALENTS AND RESTRICTED CASH FROM DISCONTINUED OPERATIONS 15,280 12,705 9,484
CASH, CASH EQUIVALENTS AND RESTRICTED CASH FROM CONTINUING OPERATIONS 1,759,786 3,812,772 11,196,736
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Acquisition by issuing convertible promissory notes 7,000,000
Conversion of bond to equity 76,770,000
Notes receivable on disposal of Alpha Mind 153,050,301
Loan receivable from return of investment 350,000
Remeasurement of the lease liabilities and right-of-use assets due to lease modification 856,987
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 171,885 170,112
Issuance of stock for direct offering cost $ 146,137