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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net loss $ (4,492,309) $ (3,049,525)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 44,512 207,073
Amortization of operating lease right-of-use assets 534,710 571,534
Write down of inventories 41,635 132,329
Stock based compensation expense 622,930 290,655
Research and development 1,962,000
Changes in bad debt allowance 749 (2,222)
Changes in operating assets and liabilities:    
Accounts receivable (80,551) 222,189
Advance to suppliers (38,938) (54,010)
Inventories (273,198) 2,857,461
Other current assets 895,015 680,545
Operating lease liabilities (534,266) (560,171)
Accounts payable 30,637 166,968
Advance from customers 185,403 44,332
Accrued liabilities and other payables (26,659) (47,061)
Taxes payable 60,050
Net Cash (Used in) Provided by Operating Activities (1,128,330) 1,520,147
Cash Flows From Investing Activity    
Purchase of intangible assets (2,437,727)
Net Cash Used in Investing Activity (2,437,727)
Cash Flows From Financing Activities    
Proceed from loan from a shareholder 360,000
Proceed from issuing common stocks 600,000
Net Cash Provided by Financing Activities 960,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents (38,522) 292,422
Net Decrease in Cash and Cash Equivalents (206,852) (625,158)
Cash and Cash Equivalents, Beginning of Period 369,137 1,374,167
Cash and Cash Equivalents, Ending of Period 162,285 749,009
Supplemental Disclosure of Cash Flow Information    
Income tax payments 5,087 202,288
Interest expense $ 4,860 $ 4,780