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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net loss $ (6,314,972) $ (4,185,943)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,252,756 2,013,292
Depreciation and amortization 320,272 95,313
Non-cash lease expense 113,985
Provision for doubtful accounts 4,289,170 2,871,752
Impairment loss of fixed assets and intangible asset 327,632
Deferred tax benefit (208,047)
Changes in assets and liabilities    
Notes receivable 386,233 (732,826)
Accounts receivable 1,051,299 (8,341,650)
Other receivables (5,882,569) 36,014
Advances to suppliers - third parties 11,820 (410,886)
Advances to suppliers - related party 3,312,375
Prepaid expenses and other current assets 165,939 821,662
Other long-term assets - deposits 89,274 (2,502,946)
Due from related parties 413,408 1,552,918
Advances from customers (1,496) (353,696)
Accounts payable 72,772 1,336,453
Taxes payable 116,520 837,641
Lease liabilities (118,256)
Accrued expenses and other current liabilities 65,094 535,921
Net cash used in operating activities (3,641,119) (3,322,653)
Investing Activities    
Acquisition of property and equipment (6,979) (143,480)
Net cash used in investing activities (6,979) (143,480)
Financing Activities    
Proceeds from issuance of common stock 885,946 500,000
Net cash provided by financing activities 885,946 500,000
Effect of exchange rate fluctuations on cash (237,386) (608,219)
Net decrease in cash (2,999,538) (3,574,352)
Cash at beginning of period 3,142,650 7,098,259
Cash at end of period 143,112 3,523,907
Supplemental information    
Income taxes paid 38,557 144,018
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 $ 452,119