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Condensed Consolidated Statements of Cash Flows (Unaudited0 - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,915,783) $ (3,725,137)
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt direct write-off and provision (286,076) 767,250
Depreciation and amortization 1,258,156 1,051,907
Stock based compensation 34,560
Change in fair value of purchase option derivative liability (27,784) (410,420)
Accounts receivable, trade 41,724 555,289
Notes receivable (13,675) 92,655
Inventories and biological assets (448,573) 975,170
Other receivables 279,650 (206,247)
Advances to suppliers (531,255) (106,790)
Other current assets (853,289) (1,031,185)
Long term deposit (15,106) 682,504
Other noncurrent assets 13,619 13,791
Accounts payable, trade 2,362,338 1,938,015
Other payables and accrued liabilities (845,411) (568,457)
Customer deposits 509,549 744,912
Taxes payable 123,082 165,692
Net cash used in operating activities (348,834) 973,509
CASH FLOWS FROM INVESTING ACTIVITIES:    
Disposal of financial assets available for sale 14,457
Acquisition of equipment (33,968) (374,992)
Increase in intangible assets (55,038) (462,266)
Investment in a joint venture (1,422,193)
Additions to leasehold improvements (246,846) (622,464)
Net cash used in investing activities (1,758,045) (1,445,265)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term bank loan 714,160 682,692
Repayment of third parties’ loan (1,175,725)
Proceeds from notes payable 22,668,388 21,745,277
Repayment of notes payable (26,949,176) (24,862,363)
Decrease in Employee Deposits (57,133)
Exercise of warrants 77,500
Proceeds from equity financing 9,205,173 9,273,077
Repayment of other payables-related parties 68,994 (458,002)
Net cash provided by financing activities 4,552,181 6,380,681
EFFECT OF EXCHANGE RATE ON CASH 1,941,058 (1,368,958)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 4,386,360 4,539,967
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 30,982,606 24,745,202
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, end of period 35,368,966 29,285,169
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 247,371
Cash paid for income taxes $ 3,457 $ 28,777