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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 2,972,865 $ 6,865,129  
Adjustments to reconcile net income to net cash provided by (used in) operating activities      
Depreciation and amortization 182,404 213,281  
Share-based compensation 260,652    
Provision for doubtful accounts 102,842 35,200 $ 30,825
(Reversal of) provision of defective return (1,456,022) 2,133,028 2,073,991
Foreign exchange transaction loss (58,901) 289,406  
Adjustment for Right-of-use assets (2,552,649)    
Gain on Forgiveness of PPP loan   (1,680,900)  
Deferred income taxes 108,653 226,356  
Loss on disposal of property and equipment   (3,000)  
Changes in operating assets and liabilities      
Accounts receivable 9,521,011 (10,444,327)  
Inventories 5,276,294 (10,695,034)  
Prepayments and other current assets 146,324 (500,787)  
Prepayments and other receivables - related parties (3,895,562) (13,736)  
Other noncurrent assets 655,614 (3,316,292)  
Income taxes (1,048,150) 621,442  
Right-of-use assets 1,009,115 910,468  
Accounts payable (18,257,595) 14,070,256  
Accounts payable-related parties 614,633 140,208  
Operating lease liabilities 1,529,515 (934,063)  
Accrued expenses and other current liabilities (1,443,014) 2,944,807  
Net cash provided by (used in) operating activities (6,331,971) 861,442  
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from disposal of property and equipment 400 3,000  
Purchase of property and equipment (55,450) (13,261)  
Prepayment for purchase of building and sub-lease of land (1,295,924)    
Net cash used in investing activities (1,350,974) (10,261)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net proceeds from (repayments of) revolving credit facility (1,649,631) 4,198,817  
Net proceeds from issuance of ordinary shares in IPO 12,370,800    
Net changes in parent company investment   (5,550,149)  
Net cash provided by (used in) financing activities 10,721,169 (1,351,332)  
EFFECT OF EXCHANGE RATE FLUCTUATION ON CASH (941,101) (318,011)  
NET CHANGES IN CASH 2,097,123 (818,162)  
CASH, BEGINNING OF PERIOD 3,883,896 4,018,558 4,018,558
CASH, END OF PERIOD 5,981,019 3,200,396 $ 3,883,896
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash paid during the period for interest (395,987) (285,344)  
Cash paid during the period for income taxes $ (1,755,531) (470,111)  
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Net changes in parent company investment   $ (5,550,149)