XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss from continuing operation $ (2,251,278) $ (1,868,163)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,694 6,454
Loss from deconsolidation of Shuya 27,139
Stock compensation expense 62,250 148,100
Stock issued for debt inducement 45,497
Amortization of debt discount 46,704 765,149
Attributable income per equity method - Shuya (31,990)
Gain on debt settlement (130,430)
Change in derivative liability (326,539)
Changes in operating assets and liabilities:    
Right – of - use asset (7,841) 85,832
Lease liabilities 10,268 (79,845)
Tax receivable (42,488)
Prepaid expenses 559,790 (1,030,401)
Other assets 113,813 901,964
Inventory (185,015) (27,472)
Accounts payable 441,603 (423,517)
Accrued interest 82,114 (22,487)
Accrued expenses 9,590 (103,142)
Other payable-related party (604,975)
Customer deposits (147,382) 511,793
Net cash used in continuing operations (1,612,034) (2,412,560)
Net cash used in discontinued operations (208,249)
Net cash used in operating activities (1,612,034) (2,620,809)
Cash Flows from Investing Activities    
Purchase of intangible assets (92)
Loan receivables 83,160
Net cash provided by (used in) continuing operations 83,160 (92)
Net cash provided by discontinued operations 14,411
Net cash flows provided by investing activities 83,160 14,319
Cash Flows from Financing Activities    
Proceeds from notes payable and lines of credit 590,516 848,899
Proceeds from warrant exercise   352,503
Payments on notes payable and line of credit (585,033) (1,332,988)
Loan to Rongjun (41,632) (72,150)
Stock issued for cash 1,864,529 3,093,577
Net cash provided by continuing operations 1,828,380 2,889,841
Net cash provided by discontinued operations 269,483
Net cash flows provided by financing activities 1,828,380 3,159,324
Effect of currency exchange rate changes on cash (1,188) 31,065
Net increase in cash and cash equivalents 298,318 583,899
Cash and cash equivalents at beginning of period 89,625 149,272
Cash and cash equivalents at end of period 387,943 733,171
Supplemental cashflow information:    
Interest paid 66,781 194,955
Taxes paid
Supplemental non-cash disclosure    
Discounts on new notes 184,200
Shares issued for preferred conversions 2,115
Reclass of derivative to additional paid in capital 261,639
Dividend accrued 75,655
Warrants issued in conjunction for convertible notes payable 609,617
Universal convertible note issuance 666,250
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Accounts receivable (35,073) (214,882)
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts receivable $ (316,429)