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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 71,158 $ 734,425
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Non-controlling interest (236,167) (498)
Depreciation - fixed assets 26,122 35,923
Amortization of intangible assets 36,886 15,752
Foreign currency transaction gain (loss) 1,937 (22,959)
Changes in operating assets and liabilities:    
Account receivable, net (712,964) (692,439)
Prepaid expenses and other current assets (210,119) (591,635)
Deposit (64,865) (251,966)
Deferred taxes 0 349,108
Account payable 164,864 (95,727)
Accrued expenses and other (372,266) (172,896)
Value added tax payable (178,912) (46,053)
Income tax payable (47,146) (30,826)
Net cash used in operating activities (1,521,472) (769,791)
Cash flows from investing activities:    
Purchase of short-term investments (24,332) (16,104)
Purchase of investments (162,214) 0
Purchases of property and equipment (39,759) (27,010)
Purchases of intangible assets (11,875) (3,607)
Loan provided under short-term loan receivables (150,605) 0
Net cash used in investing activities (388,785) (46,721)
Cash flows from financing activities:    
Principal payments on long-term debt 0 (156,549)
Net proceeds of government grants 247,517 232,039
Net cash provided by financing activities 247,517 75,490
Effect of foreign currency translation on cash and cash equivalents (288,821) (395,426)
Net decrease in cash and cash equivalents (1,951,561) (1,136,448)
Cash and cash equivalents including restricted cash, beginning of period 5,308,644 6,272,652
Cash and cash equivalents including restricted cash, end of period 3,357,083 5,131,204
Supplemental disclosure of cash flow information:    
Interest paid 3,966 8,354
Taxes paid $ 14,006 $ 15,947