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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,127,796) $ (3,897,513)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation 127,056 135,561
Amortization of intangible assets 24,075 98,149
Gain on disposal of property, plant and equipment (25,198)
Unrealized losses on marketable securities 1,309,676 607,309
Loss (gain) on sale of marketable securities 47,708 (1,143,491)
Impairment loss of goodwill 27,353
Stock-based director’s remuneration 803,735 51,244
Stock-based consultancy fee 240,000 2,061,450
Stock-based business marketing fee 599,220
Amortization of debt discount 2,822
Changes in operating assets and liabilities:    
Accounts receivable (153,501) (102,369)
Prepaid expenses and other receivables 232,077 (174,655)
Accounts payable and accrued expenses 26,867 20,666
Deferred revenue (107)
Dividend received (245,068) 12,515
Other payables 81,174 209,820
CASH FLOWS USED IN OPERATING ACTIVITIES (1,659,195) (1,492,026)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (447,329) (22,237,565)
Purchase of property and equipment (7,949) (47,722)
Proceeds from disposal of marketable securities 404,492 21,128,705
Proceeds from disposal of PPE 30,692
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES (20,094) (1,156,582)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (348,429) (917,728)
Proceeds from bank loan 666,704
Proceeds from issuance of note payable 710,258
Drawings from bank overdrafts 53,531
Advances from related party 1,041,967 1,180,190
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 1,413,773 972,720
Effect of exchange rate changes 232,015 (63,256)
Net decrease in cash and cash equivalents (33,501) (1,739,144)
Cash and cash equivalents - beginning of year 66,273 1,805,417
Cash and cash equivalents - end of year 32,772 66,273
Cash paid for:    
Interest 233,599 206,778
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued interest on convertible promissory note 222,963 171,137
Shares issued for conversion of convertible note and accrued interest $ 860,200 $ 204,267