XML 21 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Statement of Cash Flows [Abstract]    
Net loss for the year $ 22,544,693 $ 2,739,850
Adjustments to reconcile to cash used in operating activities:    
Provision for bad debt 1,181,916
Depreciation of property, and equipment 6,264,700
Written off of property, plant and equipment 11,889,000
Impairment in value 76,681
Changes in operating assets and liabilities:    
Account and other receivables 2,155,268 46,830
Account and other payables 556,641 502,402
Digital assets 172,497
Net cash used in operating activities 7,198,718 1,102,362
Cash flows from investing activities:    
Purchase of property and equipment 30,707,108
Purchase of digital assets 2,000,000
Net cash (used in) investing activities 32,707,108
Cash from financing activities    
Repayment of loans from unrelated third parties 387,483
Proceeds from issuance of new shares 40,000,000 3,983,828
Net increase in cash and cash equivalents 40,000,000 3,596,345
Net increase/(decrease) in cash and cash equivalents 2,118 2,488,002
Cash and cash equivalents, beginning of year 2,507,404 19,402
Cash and cash equivalents, end of year 2,505,286 2,507,404
Major non-cash transactions:    
Issuance of new shares for digital assets $ 5,000,000