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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (18,359,602) $ (10,786,982) $ 1,553,626
Adjustments to reconcile net income from operations to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,451,572 952,204 643,265
Provision (recovery) for doubtful accounts 191,148 3,293,600 368,125
Share based compensation 1,473,976 2,351,890  
Loss from disposal of property and equipment 1,548 18,916 1,994
Deferred tax (benefit) provision (80,641) (224,511) (69,898)
Change in fair value of convertible debt 15,258,333    
Changes in assets and liabilities:      
Notes receivable 217,259 91,197 (322,288)
Accounts receivable (2,004,618) 714,690 (3,515,181)
Contract costs (795,174) (3,022,727)  
Prepayments, deposits and other assets (1,196,470) 616,243 (766,322)
Accounts payable 3,010,706 3,772,182 4,949,114
Notes payable   (465,598) 486,669
Salaries and benefits payable 860,110 395,781 (217,606)
Prepaid expense – related parties 813,038 (812,579)  
Taxes payable (216,624) 13,160 (331,381)
Deferred revenue 158,474 (312,305) 451,325
Customer deposits 268,706 144,245 (301,147)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES 1,051,741 (3,260,594) 2,930,295
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loans to third parties (64,281,291) (692,230) 844,554
Purchases of property and equipment (1,623,312) (2,901,891) (2,162,385)
Proceeds from disposal of property and equipment 70    
NET CASH USED IN INVESTING ACTIVITIES (65,904,533) (3,594,121) (1,317,831)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from bank loans 6,517,739 1,592,300 1,588,742
Repayments of bank loans (3,765,757) (1,519,955) (226,963)
Proceeds from Initial Public Offering   10,062,500  
Payment of Initial Public Offering costs   (2,040,513)  
Proceeds from private placement 17,600,000    
Proceeds from issuance of convertible note 50,000,000    
Payments to related parties (308,284) (370,000) (763,288)
Proceeds from related parties   159,944  
Capital contribution by non-controlling shareholder 91 129  
NET CASH PROVIDE BY (USED IN) FINANCING ACTIVITIES 70,043,789 7,884,405 598,491
EFFECT OF EXCHANGE RATE CHANGES (2,745,717) (103,426) (249,345)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 2,445,280 926,264 1,961,610
CASH AND RESTRICTED CASH - beginning of year 5,944,424 5,018,160 3,056,550
CASH AND RESTRICTED CASH - end of year 8,389,704 5,944,424 5,018,160
Cash paid for:      
Interest 203,289 123,278 19,385
Income taxes 15,706 107,074 296,487
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES      
Reclassification of deferred offering costs to additional paid in capital 400,640
Warrants issued to placement agents in connection with the Company’s Initial Public Offering 356,200
RECONCILIATION TO AMOUNTS ON CONSOLIDATED BALANCE SHEETS:      
Cash 8,389,704 5,772,055 4,348,635
Restricted cash   172,369 669,525
Total cash and restricted cash $ 8,389,704 $ 5,944,424 $ 5,018,160