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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net Loss $ (9,946,035) $ (16,571,308)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,225,990 14,788,036
(Gain) Loss on derivative liability (646,229) (1,417,251)
(Gain) Loss from disposal and impairment of property, plant and equipment 1,608,542
(Recovery from) Allowance for bad debts 34,193 843,779
Allowances for inventories, net 2,970
Share-based compensation and expenses 156,000
Gain on acquisition (30,992)
Deferred tax 10,261,104
Changes in operating assets and liabilities:    
Accounts receivable 280,970 3,750,196
Prepayments and other current assets 9,322,532 (3,976,010)
Inventories (736,267) 2,554,072
Accounts payable 50 (4,496)
Advance from customers 136,686 (37,452)
Related parties (478,025) 444,291
Accrued payroll and employee benefits 74,908 (103,683)
Other payables and accrued liabilities (596,695) 677,840
Income taxes payable (412,504) (614,738)
Net Cash Provided by Operating Activities 12,871,086 10,719,388
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (22,292,870) (4,534,092)
Proceeds from sale of property, plant and equipment 53,573
Acquisition of land (6,364,439)
Net Cash Used in Investing Activities (22,239,297) (10,898,531)
Cash Flows from Financing Activities:    
Proceeds from issuance of shares and warrants, net
Proceeds from short term bank loans 1,275,546 6,214,020
Proceeds from long term loans 3,769,948 59,195
Repayment of bank loans (7,647,610) (6,071,952)
Payment of capital lease obligation (74,154) (206,114)
Loan to a related party (net) 7,086,369 (874,745)
Net Cash Provided by (Used in) Financing Activities 4,410,099 (879,596)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (174,835) (618,005)
Net Decrease in Cash and Cash Equivalents (5,132,947) (1,676,744)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 9,524,868 11,201,612
Cash, Cash Equivalents and Restricted Cash - End of Year 4,391,921 9,524,868
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest, net of capitalized interest cost 1,484,461 320,568
Cash paid for income taxes 759,458 2,049,911
Cash and bank balances 3,918,938 9,524,868
Restricted cash 472,983
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 4,391,921 $ 9,524,868