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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net income $ (4,663,445) $ (3,249,528)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,218,254 11,733,664
(Gain) Loss on derivative liability (729,263) (2,810,913)
Gain on acquisition (32,502)
(Recovery from) Allowance for bad debts (791) 20,118
Share-based compensation and expenses 1,560,000
Deferred tax (1,197,630) 3,235,556
Changes in operating assets and liabilities:    
Accounts receivable 146,250 (1,742,594)
Prepayments and other current assets (422,092) (6,918,816)
Inventories 863,170 (6,396,066)
Accounts payable 144,331 (242,357)
Advance from customers   (43,161)
Related parties (149,827) (821,943)
Accrued payroll and employee benefits (42,738) 92,207
Other payables and accrued liabilities 1,000,945 522,353
Income taxes payable (265,493) 178,903
Net Cash Provided by (Used in) Operating Activities 7,429,169 (6,442,577)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (1,681,979) (12,781,114)
Acquisition of land (6,507,431)
Net Cash Used in Investing Activities (8,189,410) (12,781,114)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net 41,837,553
Proceeds from short term bank loans 602,319
Proceeds from long term loans 60,232
Repayment of bank loans (307,182) (154,579)
Payment of capital lease obligation (154,212) (135,611)
Loan repaid by a related party 6,638,923
Net Cash Provided by Financing Activities 6,840,080 41,547,363
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,264,048) 109,473
Net Increase in Cash and Cash Equivalents 4,815,791 22,433,145
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 11,201,612 4,142,437
Cash, Cash Equivalents and Restricted Cash - End of Period 16,017,403 26,575,582
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 248,275 485,075
Cash paid for income taxes 1,287,530 1,523,555
Cash and bank balances 16,017,403 26,575,582
Restricted cash
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 16,017,403 $ 26,575,582