XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (277,224) $ (598,551)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Amortization of OID and debt issuing costs of notes 18,750 12,500
Stock compensation expense   10,999
Operating lease expenses 16,903 16,374
Loss on note conversion   103,167
Changes in assets and liabilities:    
Collection of principal and interest on sales type leases for Pucheng systems   13,984,746
Accounts receivable   25,791,539
Prepaid expenses 2,861 926
Other receivables 2,995 911
Taxes payable (587,673) 818
Payment of lease liability (33,807) (15,705)
Interest payable on entrusted loan   320,095
Accrued liabilities and other payables 38,139 22,701
Net cash provided by (used in) operating activities (819,056) 39,650,520
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares to be issued 38,253,041  
Net cash provided by financing activities 38,253,041  
EFFECT OF EXCHANGE RATE CHANGE ON CASH (1,166,695) (843,328)
NET INCREASE IN CASH 36,267,290 38,807,192
CASH, BEGINNING OF PERIOD 107,804,013 16,221,297
CASH, END OF PERIOD 144,071,303 55,028,489
Supplemental cash flow data:    
Income tax paid  
Interest paid
Supplemental disclosure of non-cash operating activities    
Transfer of Tian’an project from construction in progress to accounts receivable 23,814,532
Adoption of ASC 842-right-of-use asset 190,817  
Adoption of ASC 842-operating lease liability $ 190,817  
Supplemental disclosure of non-cash financing activities    
Conversion of notes into common shares   $ 430,000