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Consolidated Condensed Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (38,520,073) $ (529,493)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,314,899 1,357,485
LO2A write offs 23,963,050  
Investment income (563,771)  
Interest expense 250,662  
Interest paid (28,199)  
Share based payments 14,795,403  
Write-off of fixed assets 127,608  
Unrealized gain (losses) on foreign currency remeasurement 1,690,303 (889,843)
Change in assets and liabilities    
Prepaid expenses (28,898)  
Trade and other receivables (656,732) (664,855)
Cryptocurrencies (563,025) 1,023
Security deposits (204,121) 10
Trade and other payables 294,586 198,284
Net cash provided by operating activities 1,871,692 (527,389)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from sale and purchase of property and equipment (2,960,145) (267,418)
Payment of fixed asset deposits (18,045,720)  
Investment in financial assets (380,100)  
Net cash used in investing activities (21,385,965) (267,418)
CASH FLOWS FROM FINANCING ACTIVITES    
Proceeds from common share issuances 1,298,402  
Unit redemptions   (128,611)
Proceeds from convertible notes 21,487,391  
Payments of capital issuance costs (2,229,096)  
Proceeds from borrowings 1,057,383 201,129
Advances made to external companies (37,076)  
Payments of borrowings (291,310)  
Net cash provided by financing activities 21,285,694 72,518
Effect of exchange rate changes on cash and cash equivalents 501,045 391,034
Net increase in cash and cash equivalents 2,272,466 (331,255)
Cash and cash equivalents at beginning of period 1,112,811 579,290
Cash and cash equivalents at end of period $ 3,385,277 $ 248,035