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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ (4,338,856) $ (2,436,287)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,092,487 3,774,674
Loss on derivative liability 3,636,967
(Recovery from) Allowance for bad debts 52,018 (22,650)
Deferred tax (589,094) (541,042)
Changes in operating assets and liabilities:    
Accounts receivable (2,920,798) 1,315,128
Prepayments and other current assets (3,645,323) 5,486,216
Inventories (6,270,151) (373,470)
Accounts payable 1,785,742 (41,405)
Advance from customers 54,930
Related parties (311,679) 1,814,228
Accrued payroll and employee benefits 86,375 (62,252)
Other payables and accrued liabilities (84,719) (728,633)
Income taxes payable 226,699 (1,379,130)
Net Cash (Used in) Provided by Operating Activities (8,280,332) 6,860,307
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (44,599) (756,514)
Net Cash Used in Investing Activities (44,599) (756,514)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net 41,837,553
Payment of capital lease obligation (43,230)
Net Cash Provided by Financing Activities 41,794,323
Effect of Exchange Rate Changes on Cash and Cash Equivalents (170,838) (229,386)
Net Increase in Cash and Cash Equivalents 33,298,554 5,874,407
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 4,142,437 5,837,745
Cash, Cash Equivalents and Restricted Cash - End of Period 37,440,991 11,712,152
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 97,642 116,019
Cash paid for income taxes 262,191 1,379,130
Cash and bank balances 37,440,991 11,712,152
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 37,440,991 $ 11,712,152