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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash used in operating activities $ (35,499,138) $ (29,071,262)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equity investment (680,932) 0
Purchase of plant and equipment (5,082,473) (145,857)
Purchase of land use right and property (2,200,559) (9,260,497)
Acquisition of CAE's equity interests (1,924,557) (3,612,717)
Cash acquired from acquisition of CAE 0 1,118,700
Payment of expense for Acquisition of CAE's equity interests 0 (348,987)
Proceeds from disposal of property, plant and equipment 0 320
Loans provided to third parties (100,000) (5,149,884)
Repayment of loans from related parties 0 286,920
Net cash used in investing activities (9,988,521) (17,112,002)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans to related parties 0 (1,741,868)
Repayment of loans to third parties 0 (1,155,829)
Purchase of CAE's loan 0 (13,228,101)
Reduction of capital 0 (13,930,000)
Redemption of convertible promissory notes (45,583,321) 0
Payment of expense for the reverse recapitalization 0 (904,843)
Net cash used in financing activities (45,583,321) (30,960,641)
Effect of exchange rate changes on cash (2,543,188) (981,467)
Net decrease in cash, cash equivalents and restricted cash (93,614,168) (78,125,372)
Cash, cash equivalents and restricted cash at beginning of period 154,096,801 261,664,962
Cash, cash equivalents and restricted cash at end of period 60,482,633 183,539,590
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 1,051,054 374,745
Income tax paid 4,903 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right of use assets obtained in exchange for operating lease obligations 0 7,613,564
Cashless exercise of warrants $ 2,168,185 $ 0