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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (6,988,314) $ (9,640,348)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 702,633 585,701
Share-based compensation 584,094 593,806
Gain on investments in marketable securities, net (192,134) (315,977)
Gain on non-marketable investment (1,635,939) (1,147,199)
Loss (gain) on investments in derivatives, net 101,233 (310,195)
Changes in fair value of warrant liabilities 866,300
Realized gain on use of digital currencies (12,334)
Utilization of digital currencies 94,852
Gain on extinguishment of convertible debts (1,198,490)
Loss on disposal of property, plant and equipment 62,705
Impairment loss of property, plant and equipment 330,445
Settlement of service fee by tokens 12,000
Operating lease cost 288,057
Interest income (643) (61,791)
Interest expense and accretion of convertible debts 140,879 3,735,027
Accretion of finance lease liabilities 3,990 5,309
Changes in operating assets and liabilities:    
Accounts receivable (1,153) (5,540)
Inventories (133) (3,269)
Other receivables and prepayments (332,750) (386,069)
Long-term deposits (11,584) 55,429
Due from brokers 156,671 709,834
Amounts due from related parties 50,962 169,051
Amounts due to related parties 2,852 (29,905)
Accounts payable and accrued expenses (29,382) (1,039,201)
Operating lease liabilities (270,434)
Net cash used in operating activities (7,025,945) (7,335,009)
Cash flows from investing activities    
Disbursement of a loan to a third party (1,400,000)
Repayment of a loan from a third party 828,025
Purchases of intangible assets (10,743)
Purchases of property, plant and equipment (53,555) (686,798)
Proceeds from sale of marketable securities 952,196 790,950
Purchase of digital currencies (200,000)
Net cash provided by (used in) investing activities 898,641 (678,566)
Cash flows from financing activities    
Payment for settlement of convertible debts (13,600,000)
Payment of finance lease obligations (26,924) (26,922)
Loan from a related party 500,000
Repayment of loan from related parties (4,529,778)
Proceeds from issuance of Class A Ordinary Shares and warrants, net of placement agent and other fees 9,229,995
Payments for issuance costs (215,668)
Net cash provided by (used in) financing activities 4,957,625 (13,626,922)
Net decrease in cash and restricted cash (1,169,679) (21,640,497)
Cash and restricted cash- Beginning of period 5,293,173 26,107,238
Cash and restricted cash - End of period 4,123,494 4,466,741
Supplemental disclosures of cash flow information    
Interest paid 73,220 557,333
Income taxes paid
Reconciliation of cash and restricted cash    
Cash 4,019,324 4,466,741
Restricted cash 104,170
Total cash and restricted cash shown on the condensed consolidated statements of cash flows $ 4,123,494 $ 4,466,741