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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 21,491,950 $ 18,750,216
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 628,304 1,018,477
Non-cash lease expense 985,184 1,052,123
Provision for credit losses 25,102 152,579
Fair value change of long-term investments 140,581 938,511
Gain on disposal of subsidiary (3,813,609)
Gain on redemption of life insurance policies (8,746,138)
Gain on disposal of property and equipment (12,375)
Deferred income taxes 7,016,227 (360,582)
Changes in operating assets and liabilities:    
Inventories (124,279) (34,802)
Finance lease receivables – related parties (2,779,253) (814,608)
Customer loans receivable 4,501,760 2,858,633
Prepaid expenses and other current assets (3,150,243) 610,059
Long-term prepayments 98,164 138,212
Other assets 318,351 (328,818)
Accounts payable 3,235,017 (8,937,435)
Accounts payable – related parties 441,481
Notes and other payables – related parties (548,077) (1,104,968)
Income tax payable (17,635,239) (6,552,783)
Operating lease liabilities (1,036,605) (1,067,196)
Accrued liabilities and other current liabilities 63,764 (1,604,603)
Other liabilities (98,005) 3,032
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,928,621 3,682,175
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (253,725) (702,281)
Purchase of convertible note (1,700,000)
Prepayments for property and equipment (501,253)
Advances to related parties (367,579)
Purchase of long-term investments (635,145)
Long-term loans to others (12,783) (44,865)
Repayments from related parties 70,000 215,000
Repayments from others 30,680 21,422
Disposal of subsidiary, net of cash disposed of (815,819)
Proceeds from disposal of property and equipment 323,419
NET CASH USED IN INVESTING ACTIVITIES (978,807) (3,394,122)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from related parties 15,000
Repayments of long-term loans (55,873) (30,354)
Repayments of finance lease liabilities (223,454)
Repayments to related parties (16,053) (9,873)
NET CASH USED IN FINANCING ACTIVITIES (280,380) (40,227)
Effect of exchange rate changes 6,342,297 (7,089,208)
NET CHANGE IN CASH AND CASH EQUIVALENTS 7,011,731 (6,841,382)
CASH AND CASH EQUIVALENTS AS OF THE BEGINNING OF THE PERIOD 125,044,092 103,022,932
CASH AND CASH EQUIVALENTS AS OF THE END OF THE PERIOD 132,055,823 96,181,550
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest expense 6,207 3,008
Cash paid for income taxes 20,577,290 16,172,526
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment transferred from long-term prepayments 125,287
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 102,599
Finance lease right-of-use assets obtained in exchange for finance lease liabilities 581,129
Remeasurement of operating lease liabilities and right-of-use assets due to lease modifications 358,358 1,078,611
Payables to related parties in connection with loan services provided 1,922,224 10,951,451
Issuance of common stock as incentive shares 86
Redemption proceeds receivable on life insurance policies 17,735,717
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Accounts receivable – related parties (147,925) (383,254)
Advances from customers (328,791) (1,451,008)
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts receivable – related parties (295,505) 4,775,935
Advances from customers $ (2,114,829) $ (161,936)