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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (22,073,933) $ (12,900,608) $ (15,097,249)
Less: net loss from discontinued operations 1,596,390 7,612,601 9,545,316
Net loss from continuing operations (20,477,543) (5,288,007) (5,551,933)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Loss from disposal of property and equipment 4,466 88,312 5,044
Deferred tax provision (benefit) 366,365 492,241
Depreciation and amortization 875,695 869,725 832,691
Change in fair value in convertible debt 1,908,830
Accrued interest for convertible debt 132,516
Impairment of fixed assets 4,344,133 2,267,485 674,501
Stock-based compensation 1,906,762 772,125 168,000
Change in bad debt allowances 2,250,334 909,931 4,636,443
Change in inventory reserve (119,995) 123,280
(Gain) loss from disposal of subsidiary 6,293,149 (2,231,270)
Shares of losses in equity method investments 142,673
Amortization of operating lease right-of-use assets 121,778 159,181 216,656
Changes in operating assets:      
Accounts receivable 614,765 3,591,628 (3,823,183)
Accounts receivable - related party 109,761 284,487 (24,783)
Advances to suppliers 905,758 2,621,196 (903,758)
Advances to suppliers - related party 282,773 (3,810,445) 151,052
Inventories 167,336 (58,308) (21,835)
Prepayments and other current assets (128,130) (742,853) 775,626
Changes in operating liabilities:      
Advances from customers (1,436,799) 423,517 564,313
Advances from customers from related party (2,201) 2,056
Deferred revenue (31,000) 25,051 3,910
Deferred grants (230,197) 463,360
Accounts payable 1,163,509 (477,341) 253,794
Accounts payable - related party (144,969) (1,352,618) 942,176
Accrued and other liabilities 997,686 1,088,452 (1,771,331)
Taxes payable 76,419 698,905 247,686
Lease liability (131,769) (186,891) (243,595)
Net cash provided by (used in) operating activities from continuing operations (37,895) 240,958 (2,376,285)
Net cash provided by (used in) operating activities from discontinued operations (2,726,347) 6,990 2,463,119
Net cash provided by operating activities (2,764,242) 247,948 86,834
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from disposal of subsidiaries 2,649,463 3,843,734
Addition of property and equipment (17,686) (64,758) (274,421)
Investment in equity method investment (2,649,840) (28,960)
Prepayment on CIP (2,552,958) (283,098)
Advance payment from buyer associated with the discontinued operation of Gu’an REIT 1,404,560
Net cash from acquisition subsidiaries of REIT Mingde 21,339
Net cash provided by investing activities from continuing operations 100,158 1,129,136 818,081
Net cash used in investing activities from discontinued operations (1,843,757) (184,735) (891,716)
Net cash provided by (used in) investing activities (1,743,599) 944,401 (73,635)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from short-term bank loans 2,325,000 11,012,040 8,977,600
Proceeds from long-term bank loans 724,000
Repayment of short-term bank loans (5,774,926) (13,097,915) (9,412,000)
Repayment of long-term bank loans (1,394,854) (144,937)
Proceeds from third-party loans 799,674 724,000
Gross Proceeds from issuance of convertible debt 3,666,171
Proceeds from related party loans 483,510 669,089 795,200
Repayment to related party loans (788,937) (707,924) (41,627)
Net cash (used in) provided by financing activities from continuing operations (684,362) (1,545,647) 1,043,173
Net cash (used in) provided by financing activities from discontinued operations 4,732,509 367,808 (1,590,656)
Net cash (used in) financing activities 4,048,147 (1,177,839) (547,483)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH (203,651) 120,615 (43,167)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH (663,345) 135,125 (577,451)
CASH AND RESTRICTED CASH, BEGINNING OF YEAR 1,120,840 985,715 1,563,166
CASH AND RESTRICTED CASH, END OF YEAR 457,495 1,120,840 985,715
Less: cash and cash equivalents, restricted cash of discontinued operations at end of period 62,702 145,784
Cash and cash equivalents, restricted cash of continued operation, at end of period 457,495 1,058,138 839,931
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid 990,580 1,505,452 1,557,186
Income tax paid 3,268 128,522
Non-Cash Investing Activities      
Right-of-assets obtained in exchange for operating lease obligations 132,336 402,778 726,512
ROU assets offset with operating lease obligations due to lease cancellation 64,230 410,614
Addition to fixed assets through accounts payable     206,486
Transfer from construction in progress to fixed assets 283,098
Addition to account receivable from disposal of REIT Changjiang 4,666,938
Non-Cash Financing Activities      
Common shares issued for conversion of debt 3,930,000
Share to be issued for acquisition of REIT Mingde $ 1,573,800