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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) profit $ (1,215,636) $ 4,869,156
Adjustments to reconcile net profit/(loss) to net cash used in operating activities    
Depreciation and amortization: 15,145 456
Stock-based compensation for service 217,475
Gain from write-off of long aged payables (708) (394,522)
Gain on extinguishment of debt 0 (5,299,726)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets, net 80,172
Accounts payable, accrued expenses and other payables 477,162 158,943
Operating lease liabilities (14,756)
Net cash used in operating activities (441,146) (665,693)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (2,422) (617)
Net cash used in investing activities (2,422) (617)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from private placement 459,077
Proceeds from convertible promissory note 645,000
Proceeds from short-term loans 21,446
Net cash provided by financing activities 459,077 666,446
EFFECT OF EXCHANGE RATE CHANGES ON CASH 201 321
NET INCREASE IN CASH 15,710 457
CASH, BEGINNING OF YEAR 5,967 5,510
CASH, END OF YEAR 21,677 5,967
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income taxes
Interest 615,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Exercise of conversion option (Note 1) 2,000,000
Settlement of interest payable by private placement (Note 2) 140,923
Dividend (Note 3) $ 3,544,430