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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (2,145,530) $ (9,075,353) $ (61,995,758)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3,201 1,179 62,358
Deferred taxes 1,790,260
Loss on disposal of fixed assets 942
Impairment loss on loans to third parties 4,800,000 56,242,596
Impairment loss on fixed assets
Changes in operating assets and liabilities:      
Accounts receivable 7,264 (1,450,857)
Other receivables 49,409 541,541 2,782,583
Prepayments (17,859) 7,577 23,842
Due from related parties (276,385) 73,026 389,337
Long-term office rental deposit
Accrued payroll (168,016) (453,467) 80,431
Other payables and accruals (122,118) 42,901 (78,971)
Income tax payable (1,053,249) 67,054 202,515
Accounts payable
Other Assets
Long-term prepayment 3,031 1,549 3,705
Estimated Liabilities (1,127,945) 168,064 971,268
Advance from customers (94,688)
Net cash (used in)/provided by operating activities (4,854,519) (3,818,665) (1,071,379)
Cash flows from investing activities:      
Purchases of property and equipment (5,374) (108,095)
Loans to third parties (2,450,000) (200,000)
Collection of loans to third parties
Proceeds on disposal of fixed assets 100,000
Net cash used in investing activities (2,355,374) (108,095) (200,000)
Cash flows from financing activities:      
Proceeds from related party (31,201)
Repayment to a related party
Proceeds from shares and warrants placement (net of offering cost of $100,000 (2020: $222,000) 3,599,502 4,278,000
Net cash provided by/ (used in) financing activities 3,599,502 4,278,000 (31,201)
Effect of exchange rate changes on cash 557,416 2,909,480 (262,681)
Net increase (decrease) in cash (3,052,975) 3,260,720 (1,565,261)
Cash, cash equivalents and restricted cash at beginning of the period 3,274,287 13,567 1,578,828
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows 221,312 3,274,287 13,567
Supplemental disclosure of cash flow information      
Cash paid for interest
Income taxes paid
Supplemental disclosure of non-cash activity      
Deferred offering costs
Reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet      
Cash and cash equivalents 221,312 3,274,287 13,567
Freight App Inc [Member]      
Cash flows from operating activities:      
Net loss (8,200,805) (5,851,976)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 302,100 531,027  
Amortization of debt issuance costs and debt discount 592,874 39,150  
Share-based compensation 235,404 160,638  
Non-cash interest 313,404 43,813  
Accrued interest expense converted to equity 156,918  
Loss on initial issuance of private warrants 2,829,065  
Change in fair market value of warrant liabilities (497,759)  
Professional services performed in exchanged for common stock 22,333  
Professional services performed in exchange for warrants 1,248,421  
(Gain) Loss from extinguishment of debt (115,678) 784,886  
Changes in operating assets and liabilities:      
Accounts receivable (1,309,208) (849,094)  
Unbilled receivables (241,483) (869,629)  
Account receivable – related party 24,010 (17,410)  
Prepaid expense and other assets (591,520) (468,726)  
Income tax payable 40,264 23,051  
Security deposits 5,918  
Accounts payable 416,494 959,764  
Accounts payable – related party 109,881 29,890  
Accrued expenses 163,223 637,864  
Net cash (used in)/provided by operating activities (5,929,734) (3,413,162)  
Cash flows from investing activities:      
Capitalization of software development costs (457,874) (193,644)  
Purchases of property and equipment (12,528) (34,009)  
Net cash used in investing activities (470,402) (227,653)  
Cash flows from financing activities:      
Proceeds from convertible notes 3,608,842 4,865,562  
Proceeds from the exercise of warrants 191,457 439,500  
Proceeds from stock option exercise 438  
Proceeds from notes payable, net of discounts 2,620,000  
Repayment of insurance financing payable (18,946)  
Payment of loan origination cost (100,000)  
Repayment of short-term borrowings (19,273,922) (7,047,920)  
Proceeds from short-term borrowings 19,705,788 7,820,266  
Proceeds from paycheck protection program loan 114,700  
Net cash provided by/ (used in) financing activities 6,833,219 6,092,546  
Net increase in cash and cash equivalents 433,083 2,451,731  
Effect of exchange rate changes on cash (46,581) (876)  
Cash, cash equivalents and restricted cash at beginning of the period 2,941,491 490,636  
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows 3,327,993 2,941,491 $ 490,636
Supplemental disclosure of cash flow information      
Cash paid for interest 263,788 83,605  
Supplemental disclosure of non-cash activity      
Conversion of convertible debt to preferred stock 9,175,289  
Change in redemption value of preferred stock 912,687  
Financing of insurance premiums 27,066  
Debt discount in connection with note payable 30,000  
Reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet      
Cash and cash equivalents 3,152,993 2,766,491  
Restricted cash in escrow $ 175,000 $ 175,000