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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net loss $ (2,111,979) $ (2,710,389)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 906,317 1,864,584
Depreciation and amortization 237,011 51,280
Non-cash lease expense 78,405
Provision for doubtful accounts 1,167,754 1,287,787
Impairment loss of fixed assets and intangible asset 327,632
Deferred tax benefit (120,500)
Changes in assets and liabilities    
Notes receivable 386,233
Accounts receivable 1,629,174 (5,044,123)
Other receivables (5,855,492) 79,773
Advances to suppliers-third parties (66,691) (220,166)
Advances to suppliers-related party 3,294,701
Prepaid expenses and other current assets 160,497 408,642
Other long-term assets - deposits 96,281 (2,489,067)
Due from related parties 413,408 1,091,355
Advances from customers 5,580 (295,619)
Accounts payable (63,131) (2,508,225)
Taxes payable (76,110) 305,603
Lease liabilities (77,118)
Accrued expenses and other current liabilities (233,414) 286,613
Net cash used in operating activities (3,075,643) (4,717,751)
Investing Activities    
Acquisition of property and equipment (7,020) (9,357)
Net cash used in investing activities (7,020) (9,357)
Financing Activities    
Proceeds from issuance of common stock 500,500 500,000
Net cash provided by financing activities 500,500 500,000
Effect of exchange rate fluctuations on cash (440,820) (416,925)
Net decrease in cash (3,022,983) (4,644,033)
Cash at beginning of period 3,142,650 7,098,259
Cash at end of period 119,667 2,454,226
Supplemental information    
Income taxes paid 38,498 16,536
Non-cash transactions of operating and investing activities    
Transfer of prepayment to intangible asset 218,678
Initial recognition of right-of-use assets and lease liabilities $ 462,361