XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (441,459) $ (277,224)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of OID and debt issuing costs of notes 100,605 18,750
Operating lease expenses 17,260 16,903
Loss on note conversion 121,121
Prepaid expenses   2,861
Other receivables 1,490 2,995
Accounts payable 4,402  
Taxes payable 5,792 (587,673)
Payment of lease liability   (33,807)
Accrued liabilities and other payables 152,369 38,139
Net cash used in operating activities (38,420) (819,056)
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 654,824 (1,166,695)
NET INCREASE IN CASH 616,404 36,267,290
CASH, BEGINNING OF PERIOD 152,011,887 107,804,013
CASH, END OF PERIOD 152,628,291 144,071,303
Supplemental cash flow data:    
Income tax paid 11,945
Interest paid
Supplemental disclosure of non-cash operating activities    
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 $ 1,896,986