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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss from continuing operations $ (1,704,994) $ (9,641,098) $ (13,478,704)
Net profit from discontinued operations 6,908,558 (712,414) (16,594,807)
Adjustments to reconcile net loss to net cash used in operating activities:      
Share based compensation 10,881,967
Depreciation 117
Gain on extinguishment of debts (1,143,952)
Changes in exchange rate (13,417) (612,693)
Non-marketable investment impairment 9,296,754 1,333,506
Changes in operating assets and liabilities (decrease)/increase in - continuing operations:      
Other current assets (656,373) (27,659)
Loan receivables (800,000)
Accrued expenses and other payables 1,401,820 2,100,225 (51,766)
Account receivable, net (120,000)
Advances from customer 1,600,769 2,705,750
Net changes in operating assets and liabilities (decrease)/increase - discontinued operations (7,066,731) 343,507 3,701,842
Net cash provided by/(used in) operating activities-continuing operations (158,778) 4,448,214 (3,219,184)
Net cash provided by/(used in) operating activities-discontinued operations (158,173) (368,907) (12,892,965)
Net cash provided by/(used in) operating activities (316,951) 4,079,307 (16,112,149)
Cash flows from investing activities:      
Purchase of property and equipment 1,401 (7,024)
Purchase of non-marketable investment (500,000)
Disposal of subsidiaries, net of cash 265,668
Net cash provided by/(used in) investing activities-continuing operations 265,668 1,401 (507,024)
Net cash provided by/(used in) investing activities-discontinued operations 61,376 127,805 (457)
Net cash provided by/(used in) investing activities 327,044 129,206 (507,481)
Cash flows from financing activities:      
(Repayment)/Proceeds from a short-term borrowing from a third party, net (1,550,000) 1,550,000
Proceeds from stock option exercised 180,485
Proceeds from a private placement 60,000,007 5,000,000
Net cash provided by financing activities-continuing operations (1,550,000) 61,550,007 5,180,485
Net cash provided by financing activities-discontinued operations  
Net cash provided by financing activities (1,550,000) 61,550,007 5,180,485
Effect of exchange rate change on cash and cash equivalents, and restricted cash from continuing operations (2,337) (13,060)
Effect of exchange rate change on cash and cash equivalents, and restricted cash from discontinued operations (643) (548,845)
Effect of exchange rate change on cash and cash equivalents, and restricted cash (2,980) (561,905)
Net change in cash and cash equivalents, and restricted cash from continuing operations (1,443,110) 65,997,285 1,441,217
Net change in cash and cash equivalents, and restricted cash from discontinued operations (96,797) (241,745) (13,442,267)
Net change in cash and cash equivalents, and restricted cash (1,539,907) 65,755,540 (12,001,050)
Cash and cash equivalents, and restricted cash beginning balance from continuing operations 67,500,438 1,503,153 61,936
Cash and cash equivalents, and restricted cash beginning balance from discontinued operations 96,797 338,542 13,780,809
Cash and cash equivalents, and restricted cash beginning balance 67,597,235 1,841,695 13,842,745
Cash and cash equivalents, and restricted cash ending balance from continuing operations 66,057,328 67,500,438 1,503,153
Cash and cash equivalents, and restricted cash ending balance from discontinued operations 96,797 338,542
Cash and cash equivalents, and restricted cash ending balance 66,057,328 67,597,235 1,841,695
Reclassification between continuing operations and discontinued operations      
Cash flow reclassification - continuing operations (1,138,811) (1,230,002)
Cash flow reclassification - discontinued operations 1,138,811 1,230,002
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets      
Cash and cash equivalents-continuing operations 61,750,809 63,655,877 273,151
Restricted cash-continuing operations 4,306,519 2,705,750
Total cash and cash equivalents -continuing operations 66,057,328 66,361,627 273,151
Cash and cash equivalents-discontinued operations 1,235,608 1,568,544
Restricted cash – discontinued operations
Total cash, cash equivalents and restricted cash – discontinued operations 1,235,608 1,568,544
Total cash, cash equivalents, and restricted cash 66,057,328 67,597,235 1,841,695
Supplemental cash flows information:      
Cash received from interest-continuing operations 1,005,431
Cash received from interest-discontinued operations
Cash paid for interest-continuing operations
Cash paid for interest-discontinued operations 86,795
Cash paid for income taxes-continuing operations
Cash paid for income taxes-discontinued operations $ 86,137