XML 20 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Unaudited Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (1,784,193) $ (528,114)
Adjustments to reconcile Net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 656,959 662,177
Provision for losses on accounts receivable (538,416)
Inventories impairment 2,379,234 1,735,860
Changes in operating assets    
Digital assets 168,777
Accounts receivable (3,024,768) (347,169)
Amount due from related parties 27,631 (5,167)
Other current assets (77,657) (8,349,885)
Inventories 1,272,227 (7,691,110)
Advances to suppliers (426,393) 12,793,200
Other assets 464,911 491,281
Deferred tax assets (4,413)
Changes in operating liabilities    
Accounts payable (112,632) 71,479
Customer deposits 208,770 (1,510,592)
Amount due to related parties (11,177)
Tax payables (47,678) 61,229
Accrued expenses and other payables 211,131 381,397
Interest payable (748,919)
Net cash used in operating activities (626,510) (2,995,510)
Cash flows from investing activities    
Purchase of plant, property, and equipment (1,507,026) (228,541)
Sales of discontinued operations 912,425
Net cash (used in) provided by investing activities (1,507,026) 683,884
Cash flows from financing activities    
Proceeds from the sale of common stock 16,757,130
Proceeds from loans 1,167,904
Repayment of loans (1,574,960)
Advance from related party 191,000 100,000
Net cash (used in) provided by financing activities (1,383,960) 18,025,034
Effect of exchange rate change on cash and cash equivalents (338,869) (3,651,176)
Net (decrease) increase in cash and cash equivalents (3,856,365) 12,062,232
Cash and cash equivalents, beginning balance 71,142,188 57,770,303
Cash and cash equivalents, ending balance 67,285,823 69,832,535
Supplement disclosure of cash flow information    
Interest expense paid 67,554 82,244
Income taxes paid $ 60,650 $ 84,622