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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net Loss from Operations $ (7,313,792) $ (4,323,182)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation 308,695 288,100
Non-Cash Lease Expenses 307,001 199,193
Impairment of Goodwill and Investment 443,499
Foreign Transaction (Gain) Loss (1,193,636) 788,302
Unrealized (Gain) Loss on Securities Investment (176,634) 2,484,117
Unrealized Loss (Gain) on Securities Investment - Related Party 5,442,451 (1,296,271)
Realized Loss on Securities Investment 152,468 131,313
Loss on Equity Method Investment 1,121,418 268,276
Changes in Operating Assets and Liabilities, net of acquisitions    
Real Estate 1,984,844 (3,192,223)
Real Estate Reimbursement Receivable (960,996)
Account Receivables 98,812 108,771
Prepaid Expense (20,578) 42,330
Advances to Related Party (550,000)
Deposits (111,609)
Trading Securities (531,385) (550,307)
Inventory (1,620) 555
Accounts Payable and Accrued Expenses (210,430) 2,028,362
Other Receivables - Related Parties (57,500)
Deferred Revenue (21,198)
Operating Lease Liabilities (297,755) (187,721)
Net Cash Used in Operating Activities (1,509,247) (3,289,083)
Cash Flows from Investing Activities    
Purchase of Fixed Assets (2,072) (8,277)
Purchase of Investment Securities (646,785) (412,500)
Issuing Loan Receivable (511,234)
Issuing Loan Receivable - Related Party (633,083) (1,521,368)
Proceeds from Loan Receivable - Related Party 34,671 2,613,629
Net Cash (Used in) Provided by Investing Activities (1,758,503) 671,484
Cash Flows from Financing Activities    
Proceeds from Common Stock Issuance 3,433,921
Borrowing from a Commercial Loan 119,621
Repayment to Notes Payable (359,803)
Net Cash (Used in) Provided by Financing Activities (240,182) 3,433,921
Net (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash (3,507,932) 816,322
Effects of Foreign Exchange Rates on Cash and Cash Equivalents 311,515 (59,129)
Cash and Cash Equivalents and Restricted Cash - Beginning of Year 27,889,293 18,521,903
Cash and Cash Equivalents and Restricted Cash- End of Period 24,692,876 19,279,096
Cash 23,727,542 18,675,450
Restricted Cash 965,334 603,646
Total Cash and Restricted Cash 24,692,876 19,279,096
Supplementary Cash Flow Information    
Cash Paid for Interest 992 1,003
Cash Paid for Taxes
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Initial Recognition of ROU / Lease Liability 209,931 157,647
Issuance of Shares to EF Hutton to Satisfy Deferred Underwriting Compensation 1,509,375
Promissory Notes Received in Exchange for Sale of HWH Common Stock to Investors 16,160,000
Conversion of Ketomei Note Payable to Common Stock 310,796
Gain from SHRG Convertible Notes $ 216,188