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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (15,528,998) $ (2,522,111)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,406,648 4,447
Impairment loss 200,000 8,778
Imputed interest 36,380 36,381
Loss on settlement of litigation 550,000 0
Stock based compensation for services 10,071,830 1,641,877
Change in operating assets and liabilities:    
Accounts receivable (85,906) (19,900)
Inventories 0 (7,212)
Deposits, prepayments and other receivables (9,091) (7,005)
Contract liabilities 16,936 8,275
Accounts payables 50,424 61
Accrued liabilities and other payables (474,932) (37,960)
Advances to related parties 127,500 (76,278)
Right of use assets 28,498 0
Operating lease liabilities (29,064) 0
Net cash used in operating activities (2,639,775) (970,647)
Cash flows from investing activities:    
Purchase of investment assets (200,000) 0
Net cash used in investing activities (200,000) 0
Cash flows from financing activities:    
Proceed from the issuance of Series C preferred stock and exercise of warrants 8,019,461 708,960
Net cash provided by financing activities 8,019,461 708,960
Effect on exchange rate change on cash and cash equivalents 36,098 16,689
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,215,784 (244,998)
CASH AND CASH EQUIVALENT AT BEGINNING OF PERIOD 506,666 606,491
CASH AND CASH EQUIVALENT AT END OF PERIOD 5,722,450 361,493
Supplemental disclosure of cash flow information:    
Cash paid for interest 106 0
Cash paid for income tax 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Impact of adoption of ASC 842 - lease obligation and ROU asset 479,171 0
Waiver of related party debt accounted as capital transaction 1,444,140 0
Fair value of preferred stock issued for services 2,948,982 793,372
Fair value of preferred stock accounted and included for issuance cost 441,642 0
Common stock issued for accrued salaries 960,835 0
Shares cancellation $ 15 $ 0