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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIFS:    
Net (loss) income $ (2,756,457) $ (2,658,758)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Depreciation 668,368 951,935
Amortization 61,899 140,813
Amortization of operating lease right-of-use assets 241,977
Bad debt expenses 81,574
Acquisition of subsidiaries (3,083,932)
Impairment of equipment (42,940)  
Note and account receivables, net 1,473,632 54,292
Inventories (488,672) (357,465)
Prepayments and deposit (2,785,597) (600,257)
Other receivables (320,618) (3,432,822)
Accounts payables 293,893 (73,189)
Advance from customer (713,573) 145,769
Other payables and accruals (3,740,790) 42,514
Taxes payable 154,774 (49,154)
Deferred income (11,680)
Lease liability (234,566)
Net cash used in operating activities (8,200,350) (8,838,680)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of plant and equipment (310,702)
Long-term investment (4,100,000)
Purchase of real estates (7,231,361)
Net increase in cash from acquisition subsidiaries 246,322
Net cash used in investing activities (3,853,678) (7,542,063)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of bank loan (574,175)
Changes in related party balances, net (139,482) 142,643
Proceeds from issuance of common stock 11,100,000 13,739,449
Net cash provided by financing activities 10,386,343 13,882,092
Net increase (decrease) in cash and cash equivalents (1,667,685) (2,498,651)
EFFECT OF EXCHANGE RATE ON CASH 914,974 528,506
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,131,408 3,415,751
CASH AND CASH EQUIVALENTS AT END OF YEAR 378,697 1,445,606
SUPPLEMENTARY OF CASH FLOW INFORMATION    
Interest received 9,123 30,925
Interest paid 327,695 234,048
NON-CASH TRANSACTIONS    
Operating lease right-of-use assets 351,040 584,802
Issuance of shares for acquisition 7,429,500 12,815,000
Issuance of common stock for employee compensation $ 2,257,119