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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (9,482,448) $ (18,359,602) $ (10,786,982)
Adjustments to reconcile net income from operations to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,016,719 1,451,572 952,204
Provision for doubtful accounts 1,100,606 191,148 3,293,600
Share based compensation 6,335,246 1,473,976 2,351,890
Loss from disposal of property and equipment 4,661 1,548 18,916
Deferred tax benefit (174,076) (80,641) (224,511)
Change in fair value of convertible debt 1,508,229 15,258,333
Accrued interest of convertible debt 226,775
Gain from disposition of a subsidiary (714)
Changes in assets and liabilities:      
Notes receivable   217,259 91,197
Accounts receivable (10,459,509) (2,004,618) 714,690
Contract costs 4,088,073 (795,174) (3,022,727)
Prepayments, deposits and other assets (70,480) (1,196,470) 616,243
Accounts payable (4,444,198) 3,010,706 3,772,182
Accounts payable-related party 725,362
Bills payable (465,598)
Accrued expenses and other current liabilities (1,359,673) 860,110 395,781
Prepaid expense – related parties 813,038 (812,579)
Taxes payable 15,089 (216,624) 13,160
Deferred revenue 220,459 158,474 (312,305)
Customer deposits (11,507) 268,706 144,245
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (9,761,386) 1,051,741 (3,260,594)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loans to third parties 1,653,246 (64,281,291) (692,230)
Purchases of property and equipment (4,894,563) (1,623,312) (2,901,891)
Proceeds from disposal of property and equipment 1,907 70
NET CASH USED IN INVESTING ACTIVITIES (3,239,410) (65,904,533) (3,594,121)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from bank loans 4,340,547 6,517,739 1,592,300
Repayments of bank loans (4,650,586) (3,765,757) (1,519,955)
Proceeds from Initial Public Offering 10,062,500
Payment of Initial Public Offering costs (2,040,513)
Proceeds from private placement 5,128,477 17,600,000
Proceeds from issuance of convertible note 6,860,000 50,000,000
Payments to related parties (681,473) (308,284) (370,000)
Proceeds from related parties 159,944
Loan from third party 465,059
Capital contribution by non-controlling shareholder 247 91 129
NET CASH PROVIDE BY FINANCING ACTIVITIES 11,462,271 70,043,789 7,884,405
EFFECT OF EXCHANGE RATE CHANGES 205,069 (2,745,717) (103,426)
(DECREASE) NET INCREASE IN CASH AND RESTRICTED CASH (1,333,456) 2,445,280 926,264
CASH AND RESTRICTED CASH - beginning of year 8,389,704 5,944,424 5,018,160
CASH AND RESTRICTED CASH - end of year 7,056,248 8,389,704 5,944,424
Cash paid for:      
Interest 211,197 203,289 123,278
Income taxes 3,836 15,706 107,074
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
Conversion of convertible loans 6,343,172
RECONCILIATION TO AMOUNTS ON CONSOLIDATED BALANCE SHEETS:      
Cash 6,960,996 8,389,704 5,772,055
Restricted cash 95,252 172,369
Total cash and restricted cash $ 7,056,248 $ 8,389,704 $ 5,944,424