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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (4,726,010) $ (2,488,661)
Net loss from discontinued operations (5,593,627) (1,583,630)
Income (Loss) from continuing operations 867,617 (905,031)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property and equipment 82,672 947
Amortization of right-of-use assets 89,095 0
Amortization of intangible assets 197 14
Provision for doubtful accounts 228,249 0
Loss on disposal of an equipment 4,593 0
Change in fair value of derivative liabilities (1,509,406) 0
Change in operating assets and liabilities    
Accounts receivable (2,985,722) 309
Inventories (72,278) 0
Prepayments, receivables and other assets (1,226,099) (280,402)
Finance lease receivables (1,146,021) 0
Accounts payable 55,464 0
Advances from customers 29,693 0
Income tax payable 5,860 0
Accrued expenses and other liabilities 548,545 (3,179)
Lease liabilities (80,297) 0
Net cash used in operating activities from continuing operations (5,107,838) (1,187,342)
Net cash used in operating activities from discontinued operations (1,896,242) (1,273,309)
Net Cash Used in Operating Activities (7,004,080) (2,460,651)
Cash Flows from Investing Activities:    
Purchases of property and equipment (414,958) (688)
Prepayment of intangible assets (470,000) 0
Net cash used in investing activities from continuing operations (884,958) (688)
Net cash provided by (used in) investing activities from discontinued operations 1,822 (448,575)
Net Cash Used in Investing Activities (883,136) (449,263)
Cash Flows from Financing Activities:    
Net proceeds from issuance of common stock in registered direct offering 5,142,124 0
Net proceeds from issuance of common stock upon warrants exercised 111 0
Repayments to stockholders (90,000) (1,900,000)
Repayments to third parties (459,635) 0
Repayments from (loans to) related parties 27,577 (1,441)
Borrowings from related parties and affiliates 555,616 290,183
Repayments to related parties and affiliates (1,554,423) 0
Repayments of current borrowings from financial institutions (129,698) 0
Repayments of noncurrent borrowings from financial institutions 0 (16,929)
Release of escrow receivable 600,000 600,000
Cash acquired from acquisition 0 213,644
Net cash provided by (used in) financing activities from continuing operations 4,091,672 (814,543)
Net cash provided by financing activities from discontinued operations 154,103 1,974,617
Net Cash Provided by Financing Activities 4,245,775 1,160,074
Effect of exchange rate changes on cash and cash equivalents (196,028) (100,007)
Net decrease in cash and cash equivalents (3,837,469) (1,849,847)
Cash and cash equivalents, beginning of period 5,020,510 11,141,566
Cash and cash equivalents, end of period 1,183,041 9,291,719
Less: Cash and cash equivalents from discontinued operations (9,520) (1,839,722)
Cash and cash equivalents from continuing operations, end period 1,173,521 7,451,997
Supplemental Cash Flow Information    
Cash paid for interest expense 79,593 6,239
Cash paid for income tax 0 0
Non-cash Transaction in Investing and Financing Activities    
IPO expenses paid by the Company's stockholders 0 70,687
Right-of-use assets obtained in exchange of operating lease liabilities 957,472 0
Allocation of fair value of derivative liabilities for issuance of common stock proceeds 3,150,006 0
Allocation of fair value of derivative liabilities to additional paid in capital upon warrants exercised $ 1,010,752 $ 0