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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 income (loss) $ 1,065,814 $ (1,235,244)
Reconciliation of net income (loss) to net cash used in operating activities:    
Depreciation expenses 35,273 34,662
Amortization of operating lease right-of-use lease assets 42,892 95,635
Deferred tax assets 351,127 (424,956)
Stock-based compensation 36,000 16,332
Inventory allowance 637,058 642,145
Changes in operating assets and liabilities:    
Accounts receivable 210,133 9,091
Inventory 2,021,008 4,588,505
Prepaid expenses and other current assets 76,091 (92,605)
Accounts payable (392,733) (1,881,078)
Credit cards payable (2,543,010) (3,977,569)
Accrued expenses and other current liabilities (1,093,909) (962,271)
Operating lease liabilities (35,175) (101,723)
Income taxes payable 82,374
Net cash provided by (used in) operating activities 492,943 (3,289,076)
Cash flows from investing activities:    
Purchases of property and equipment (17,798) (3,379)
Net cash used in investing activities (17,798) (3,379)
Effect of changes in foreign currency exchange rates (37,218) 4,657
Net change in cash and cash equivalents 437,927 (3,287,798)
Cash and cash equivalents at beginning of period 2,484,153 4,562,589
Cash and cash equivalents at end of period 2,922,080 1,274,791
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,380 161,798
Cash paid for income tax
Noncash investing and financing activities:    
Operating lease right-of-use of assets and operating lease liabilities recognized $ 123,107 $ 28,652