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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (2,394,022) $ (1,069,005)
Depreciation and amortization 1,473,050 1,374,724
Bad debt expense (reversal of allowance for doubtful accounts) 6,410 (5,989)
Inventory write off 411,431 24,259
Changes in assets and liabilities:    
Trade accounts and other receivables 182,533 (344,449)
Advances to suppliers 1,845 294,625
Inventories 719,121 (791,042)
Trade accounts payable (821,907) (238,684)
Other payables and accrued expenses (241,434) (425,153)
Advances from customers 11,142 (458,999)
Prepaid expenses (6,053) (44,936)
Net Cash Used in Operating Activities (657,884) (1,684,649)
Cash Flows from Investing Activity:    
Purchases of property and equipment (28,086) 60,465
Net Cash (used in) provided by Investing Activity (28,086) 60,465
Cash Flows from Financing Activities:    
Payments of line of credit (492,761)
Proceeds from lines of credit 492,761 505,114
Borrowings and interest from related party 13,708 14,057
Net Cash Provided By Financing Activities 13,708 519,171
Effect of Exchange Rate Changes on Cash (12,239) (23,048)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (684,501) (1,128,061)
Cash and Cash Equivalents at Beginning of Period 1,423,838 2,029,971
Cash, Cash Equivalents and Restricted Cash at End of Period 739,337 901,910
Supplemental Cash Flow Information:    
Cash paid for income taxes
Cash paid for interest 43,217 39,681
Supplemental Noncash Investing and Financing Activities:    
Accounts receivable collected with banker’s acceptances 187,111 421,458
Inventory purchased with banker’s acceptances 237,336 351,463
Conversions of Note Payable to common stock 1,050,000 800,000
Issuances of stock for intangible assets 1,365,000
Lease liabilities arising from obtaining right-of-use assets $ 158,926