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Consolidated Statements of Cash Flows (Successor Basis) - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (2,561,507) $ (15,134,485)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization and depreciation 58,903 682,292
Gain on investments in marketable securities, net (3,912,500) (501,522)
Loss on investments in derivatives, net 827,501 974,444
Changes in fair value of warrant liabilities (124,726)
Interest income (108,512)
Interest expense and accretion of convertible debts 4,559,714
Accretion of capital lease obligation 6,989
Changes in operating assets and liabilities:    
Accounts receivable (2,827)
Inventories (30,642)
Other receivables and prepayments (303,925) (45,911)
Other non-current asset (179,500)
Long-term deposits (20,092) (111,951)
Due from brokers (54,158) 751
Due from related parties (79,204)
Due to related parties 1,004
Accounts payable and accrued expenses 183,083 58,555
Net cash used in operating activities (5,782,695) (10,035,531)
Cash flows from investing activities    
Advances to/payments received from related parties (186,898)
Purchases of intangible assets (968,730) (417,794)
Purchases of property, plant and equipment (2,090,721) (5,646,505)
Proceeds from sales of investment securities 16,049,067 2,312
Disbursement of a loan to a third party (3,000,000)
Repayment of a loan from a third party 3,000,000
Net cash (used in) provided by investing activities 12,802,718 (6,061,987)
Cash flows from financing activities    
Proceeds from issuance of convertible debts 480,000 16,120,400
Proceeds from issuance of shares 8,602,001 11,054,319
Payments of initial public offering costs (538,122)
Payments for debt issuance costs (1,099,316)
Payment of finance lease obligations (58,332)
Net cash provided by financing activities 9,082,001 25,478,949
Net increase in cash and restricted cash 16,102,024 9,381,431
Cash and restricted cash – Beginning of period 623,783 16,725,807
Cash and restricted cash – End of period 16,725,807 26,107,238
Supplemental disclosures of cash flow information    
Interest paid 606,989
Income taxes paid
Proceeds in broker accounts 640,227
Non-cash investing and financing activities:    
Net settlement of related party balances 164,973
Equipment acquired through finance lease 239,093
Conversion of convertible debts $ 3,033,308