XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flow from Operating Activities    
Net income (loss) $ (85,738) $ 131,255
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income (2)
Interest expense  
Depreciation and amortization 2,993 435
Re-organization (reverse merger and spin-off)
Stock based compensation
Non-controlling interest (1,284)
Warrant liability (141,590)
Loss related to acquisition of remaining interest in Z-Line  
Changes in assets and liabilities:    
Deposit and prepayment (2,870) (7,380)
Other receivables (15,938) (3,956)
Other payables and accrued liabilities (8,975) 59,301
Notes payable (75,000)
Deferred income 643,213  
Income tax payable 3,427 1,230
Cash provided by (used in) operating activities 536,112 (36,991)
Cash Flow from Investing Activities    
Interest received   2
Purchase of property, plant and equipment (24,320) (6,850)
Cash used in investing activities (24,320) (6,848)
Cash Flows from Financing Activities    
Payment of lease liabilities (101,811)  
Amounts due from related parties (654,335)  
Amounts due to related parties 216,566 41,837
Cash provided by (used in) financing activities (539,580) 41,837
Net Increase (Decrease) in Cash (27,788) (2,002)
Effect of Currency Translation (2,417) 89
Cash at Beginning of Period 873,192 10,793
Cash at End of Period 842,987 8,880
Supplemental Disclosures of Cash Flow Information:    
Interest paid
Income taxes