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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net loss $ (1,029,490) $ (767,327)
Depreciation and amortization 713,557 700,187
Bad debt (benefit) expense (5,521) (8,221)
Inventory write off 10,164 54,145
Changes in assets and liabilities:    
Trade accounts and other receivables 258,130 (275,821)
Advances to suppliers   (1,474)
Inventory (447,745) 211,393
Trade accounts payable (3,413) (115,768)
Other payables and accrued expenses (290,893) 60,704
Change in bankers’ acceptance notes payable  
Advances from customers (74,814) (144,602)
Prepaid expenses (9,414) 9,868
Net Cash Used in Operating Activities (879,439) (276,916)
Cash Flows from Investing Activities:    
Purchases of property and equipment (1,391)  
Net Cash Used in Investing Activities (1,391)  
Cash Flows from Financing Activities:    
Payments of construction term loan   (154,215)
Payments of line of credit (47,241) (46,265)
Borrowings and interest from related party 7,669 306,688
Repayments to related party (236,206) (251,371)
Net Cash (Used In) Provided By Financing Activities (275,778) (145,163)
Effect of Exchange Rate Changes on Cash 12,358 (1,044)
Net Increase in Cash, Cash Equivalents and Restricted Cash (1,144,250) (423,123)
Cash and Cash Equivalents at Beginning of Period 4,859,060 957,653
Cash, Cash Equivalents and Restricted Cash at End of Period 3,714,810 534,530
Supplemental Cash Flow Information:    
Cash paid for income taxes
Cash paid for interest 218,232 60,368
Supplemental Noncash Investing and Financing Activities:    
Accounts receivable collected with banker’s acceptances 36,885 194,641
Inventory purchased with banker’s acceptances 114,471 $ 248,713
Conversions of Note Payable to common stock $ 300,000