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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (34,864,740) $ (3,827,988)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 3,210,448 808,150
Gain from early lease termination (2,454)
Impairment loss 200,000 16,375
Imputed interest 36,381 48,641
Financing charges – first insurance funding 5,023
Loss on settlement of litigation 550,000
Stock based compensation for services 25,889,909 1,027,057
Warrant modification expense (non-cash) 58,363
Written-off of inventories 5,561
Change in contingent service payable 30,198
Change in operating assets and liabilities:    
Accounts receivable (50,691) 8,871
Inventories (221,068) (5,428)
Deposits, prepayments and other receivables (6,149,889) (16,322)
Contract liabilities 6,583 (1,197)
Accounts payables 207,651 3,472
Accrued liabilities and other payables (413,974) 273,748
Advances to related parties 725,000 373,625
Right of use assets 73,798 26,925
Operating lease liabilities (74,278) (22,957)
Net cash used in operating activities (10,813,938) (1,251,269)
Cash flows from investing activities:    
Purchase of property, plant, and equipment 46,837
Purchase of investment assets (200,000)
Net cash used in investing activities (246,837)
Cash flows from financing activities:    
Proceeds from the issuance of preferred stock and exercise of warrants into preferred stock 8,528,079 1,211,700
Proceeds from public offering, net of offering expenses 25,447,154
Repayment of loan (151,476)
Net cash provided by financing activities 33,823,757 1,211,700
Effect of exchange rate change on cash and cash equivalents (4,871) (60,256)
NET CHANGE IN CASH AND CASH EQUIVALENTS 22,758,111 (99,825)
CASH AND CASH EQUIVALENT AT BEGINNING OF YEAR 506,666 606,491
CASH AND CASH EQUIVALENT AT END OF YEAR 23,264,777 506,666
Supplemental disclosure of cash flow information:    
Cash paid for interest 110
Cash paid for income tax
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Impact of adoption of ASC Topic 842 - lease obligation and ROU asset 653,457 52,225
Waiver of related party debt accounted as capital transaction 1,444,140
Fair value of preferred stock issued for services 2,469,342
Fair value of preferred stock accounted and included for issuance cost 441,842
Common stock issued for accrued salaries 960,834
Share cancellation 15
Prepaid insurance financed by first insurance funding 742,500
Common stock issued for the conversion of preferred stock 25,769,428
Derecognized lease ROU assets and lease liability on early termination $ 30,800