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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net income (loss) $ (1,842,016) $ (2,111,979)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 906,317
Depreciation and amortization 165,128 237,011
Non-cash lease expense 76,716 78,405
Provision for doubtful accounts, net of recovery 2,462 1,167,754
Impairment loss of fixed assets and intangible asset 327,632
Changes in assets and liabilities    
Notes receivable   386,233
Accounts receivable (190,033) 1,629,174
Other receivables (881,628) (5,855,492)
Advances to suppliers - third parties (28,770) (66,691)
Prepaid expenses and other current assets 27,277 160,497
Other long-term assets - deposits (100,746) 96,281
Due from related parties 86,000 413,408
Deferred revenue 401,966
Advances from customers 5,580
Accounts payable 57,265 (63,131)
Taxes payable 140,633 (76,110)
Lease liabilities (93,459) (77,118)
Accrued expenses and other current liabilities (788,780) (233,414)
Net cash used in operating activities (2,967,985) (3,075,643)
Investing Activities    
Acquisition of property and equipment (7,020)
Net cash used in investing activities (7,020)
Financing Activities    
Proceeds from issuance of preferred stock 1,427,600  
Proceeds from issuance of common stock 5,433,399 500,500
Net cash provided by financing activities 6,860,999 500,500
Effect of exchange rate fluctuations on cash 448,804 (440,820)
Net increase (decrease) in cash 4,341,818 (3,022,983)
Cash at the beginning of period 131,182 3,142,650
Cash at the end of period 4,473,000 119,667
Supplemental information    
Income taxes paid 38,498
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