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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (2,729,788) $ (17,102,407)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 582,706 596,864
Share-based compensation 683,330 712,919
Loss on investments in marketable securities, net 82,710 7,565,273
Gain on non-marketable investment, net (5,588,078)
Loss on investments in derivatives, net 4,289
Gain on use of digital currencies (4,918)
Settlement of service fee by tokens and digital currencies 10,457
Operating lease cost 183,179 212,640
Impairment loss of other receivables and prepayment 80,000
Interest income (151,839) (2,905)
Interest expense 1,000 126,417
Accretion of finance lease liabilities 1,105 2,590
Changes in operating assets and liabilities:    
Accounts receivable 6,908 15,128
Inventories 6,071 6,348
Other receivables and prepayments (403,614) 502,815
Long-term deposits 21,872
Due from brokers 50 (4)
Amounts due from related parties (97,703) (1,923)
Amounts due to related parties (12,343) (138,582)
Accounts payable and accrued expenses 690,988 867,090
Operating lease liabilities (189,844) (206,126)
Net cash used in operating activities (6,913,290) (6,754,035)
Cash flows from investing activities    
Loan to related parties (103,789)
Loan repayment from a related party 2,965,803
Purchases of property, plant and equipment (150,554) (5,278)
Proceeds from sale of marketable securities 20,116,734
Disposal of subsidiary, net of cash disposed (113,828)
Purchases of intangible assets (6,026)
Net cash provided by investing activities 2,711,460 19,991,602
Cash flows from financing activities    
Loan from banks 3,000,000
Exercise of options and warrants 157,963 130,012
Payment of finance lease obligations (26,922) (26,922)
Proceeds from issuance of subsidiaries’ shares 5,360
Loan from a related party 3,500,000
Repayment of loan from related parties (4,400,000)
Proceeds from issuance of Class A Ordinary Shares and warrants, net 4,000,000
Net cash provided by financing activities 3,136,401 3,203,090
Net increase (decrease) in cash and restricted cash (1,065,429) 16,440,657
Cash and restricted cash- Beginning of period 8,261,487 3,625,356
Cash and restricted cash - End of period 7,196,058 20,066,013
Supplemental disclosures of cash flow information    
Interest paid 133,623
Income taxes paid
Reconciliation of cash and restricted cash    
Cash 4,065,788 19,935,888
Restricted cash 3,130,270 130,125
Total cash and restricted cash shown on the condensed consolidated statements of cash flows $ 7,196,058 $ 20,066,013