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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (7,898,742) $ (1,973,954)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 24,992 24,535
Amortization of deferred financing cost 57,611 0
Written off intangible assets 5,434 0
Digital assets received as revenue (5,418,542) (1,069,272)
Impairment loss of digital assets 23 4,049
Loss on disposal of digital assets 0 18,566
Change in fair value of marketable securities 170,003 0
Cost of inventories (non-cash) 5,417,972 802,500
Change in operating assets and liabilities:    
Accounts and notes receivable 0 0
Digital assets 0 513,431
Inventories 1,387,500 0
Prepaid expenses and other current assets (193,719) (90,505)
Accrued liabilities and other payable 1,514,484 139,983
Accrued consulting and service fee 4,700,859 1,439,535
Income tax payable (1,265) (3,823)
Net cash used in operating activities (233,390) (194,955)
Cash flows from investing activity:    
Purchase of intangible assets 0 (1,886)
Net cash used in investing activity 0 (1,886)
Cash flows from financing activities:    
Proceeds from issuance of convertible note payable 160,000 0
Advance from related parties 162,222 194,163
Net cash provided by financing activities 322,222 194,163
Effect of exchange rate on cash and cash equivalents 1,746 40
Net change in cash and cash equivalents 90,578 (2,638)
Cash and cash equivalents at beginning of the period 99,274 28,124
Cash and cash equivalents at end of the period 189,852 25,486
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Shares issued under share swap agreement in exchange of marketable securities $ 897,613 $ 0