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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ (14,225,913) $ 4,060,160 $ 5,101,828
Adjustments to reconcile net income to net cash provided by  operating activities:      
Depreciation 96,212 84,249 119,461
Amortization 959,589 397,744 84,068
Amortization of other income from deferred grant
Gain on short term investment (165,713)
Provision for doubtful accounts 2,289,741 193,980 15,250
Long live assets impairment
Loss on disposal of equipment 305
Deferred taxes expense 124,058 197,892 356,092
Amortization of ROU 84,969
Long-live assets impairment 3,692,047
Stock-base compensations for consulting service 140,467
Provision for warranty reserve 14,354
Change in operating assets and liabilities      
Accounts receivable (4,353,510) (1,666,678) 1,352,268
Other receivables (181) (47,206) 16,564
Prepayments 931,439 (1,276,881) 30,575
Long-term deposits (64,470) (20,154) 58,263
Accounts payable 3,916,913 (650,176) (90,441)
Deferred revenue (400,876) 193,707 (781,716)
Other payables and accrued liabilities 281,318 (74,769) (63,302)
Interest payable- related party (580,667)
Operating lease liability (96,478)
Taxes payable (182,534) 138,830 122,012
Net cash provided by (used in) operating activities (7,539,235) 1,530,698 6,321,227
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of equipment (109,529) (105,391) (95,082)
Purchase of software (10,124) (1,366,411)
Payments for construction in progress (471,810)
Costs to obtain and develop software (2,027,908) (1,770,762) (1,487,391)
Proceeds from sales of equipment 539
Purchase of short-term investment (15,000,000)
Proceeds for sale of short-term investment 8,073,774 16,380
Payment for Qishuo acquisition net of cash acquired (1,289,465)
Net cash used in investing activities (10,363,252) (3,242,564) (2,037,364)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of ordinary shares in initial public offering 22,846,983
Payments of offering costs (1,382,040) (233,382) (382,690)
Proceeds from bank loans 4,650,576 2,896,792 2,895,152
Repayment for bank loans (3,178,592) (2,896,792) (2,895,152)
Repayment for short term loan - related party (1,273,867)
Payment of acquisition of noncontrolling interest (1,789,204)
Proceed from IPO placed in escrow (600,000)
Net cash (used in) provided by financing activities 22,336,927 (233,382) (3,445,761)
EFFECT OF EXCHANGE RATE CHANGES 176,449 118,354 (40,048)
NET CHANGE IN CASH 4,610,889 (1,826,894) 798,054
CASH, beginning of year 1,682,526 3,509,420 2,711,366
CASH, end of year 6,293,415 1,682,526 3,509,420
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income tax 124,811 60,518 251,083
Cash paid for interest 285,003 209,821 377,937
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Deferred initial offering costs net against additional paid-in capital 667,698
Purchase of equipment with prepayment 17,705
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 374,162