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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income for the period including non-controlling interest $ 2,596,635 $ 1,221,212
Adjustments to reconcile net income to cash provided by operations:    
Stock based compensation 58,690 67,386
Depreciation and amortization 289,501 305,965
Bad debt expense 231,696
Increase (Decrease) in deferred income tax (125,999)
Gain on investment (467,153) (259,514)
Changes in non-cash working capital items:    
(Increase) Decrease in accounts receivable (1,113,307) 834,543
(Increase) Decrease in inventories 1,290,632 (561,557)
(Increase) Decrease in prepaid expenses (26,379) 25,389
Increase (Decrease) in accounts payable and accrued liabilities (24,903) (100,731)
Increase (Decrease) in taxes payable 230,623 525,718
Increase (Decrease) deferred revenue 108,962 244
Cash provided by operating activities 2,943,301 2,164,352
Investing activities    
Long term deposits 22,077
Investment (633,437) (832,251)
Net purchase of property, equipment and leaseholds (561,136) (1,317,593)
Cash (used in) investing activities (1,172,496) (2,149,844)
Financing activities    
Repayment of short term line of credit (749,600) (298,131)
Loans (187,313) 22,126
Convertible note (500,000)
Dividends paid (1,476,357)
Distributions to non-controlling interest (197,239)
Proceeds of issuance of common stock 24,750 139,870
Cash (used in) financing activities (1,609,402) (1,612,492)
Effect of exchange rate changes on cash 23,979 109,798
Inflow (outflow) of cash 185,382 (1,488,186)
Cash, cash equivalents and restricted cash, beginning 4,634,670 7,857,936
Cash, cash equivalents and restricted cash, ending 4,820,052 6,369,750
Supplemental disclosure of cash flow information:    
Income taxes paid 464,026 8,741
Interest paid 156,075 209,826
Common shares issued on conversion of convertible debt $ 500,000