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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net income $ (3,249,528) $ (3,937,292)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,733,664 11,301,703
(Gain) Loss on derivative liability (2,810,913) 510,380
Allowance for bad debts 20,118 2,973
Share-based compensation and expenses 1,242,000
Deferred tax 3,235,556 (1,582,754)
Changes in operating assets and liabilities:    
Accounts receivable (1,742,594) (272,857)
Prepayments and other current assets (6,918,816) 2,099,669
Inventories (6,396,066) (6,758,500)
Accounts payable (242,357) 50,683
Advance from customers (43,161) 76,763
Related parties (821,943) 1,767,888
Accrued payroll and employee benefits 92,207 (43,025)
Other payables and accrued liabilities 522,353 (1,292,657)
Income taxes payable 178,903 (795,487)
Net Cash (Used in) Provided by Operating Activities (6,442,577) 2,369,487
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (12,781,114) (3,144,261)
Proceeds from sale of property, plant and equipment   572,312
Net Cash Used in Investing Activities (12,781,114) (2,571,949)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net 41,837,553 2,273,360
Repayment of bank loans (154,579)
Payment of capital lease obligation (135,611) (32,317)
Net Cash Provided by Financing Activities 41,547,363 2,241,043
Effect of Exchange Rate Changes on Cash and Cash Equivalents 109,473 333,579
Net Increase in Cash and Cash Equivalents 22,433,145 2,372,160
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 4,142,437 5,837,745
Cash, Cash Equivalents and Restricted Cash - End of Period 26,575,582 8,209,905
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 485,075 509,783
Cash paid for income taxes 1,523,555 1,784,107
Cash and bank balances 26,575,582 8,209,905
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 26,575,582 $ 8,209,905