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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (2,354,111) $ (2,807,333)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 587,615 681,408
Provision for doubtful debts 673,186 71,162
Write-down of inventories 409,062 62,772
Share-based compensation 300,135 18,219
Loss on disposal of property, plant and equipment 273,117
Changes in operating assets and liabilities:    
Trade accounts and bills receivable (3,633,248) 5,372,834
Inventories 701,957 577,665
Prepayments and other receivables 51,905 1,275,562
Trade accounts and bills payable (237,779) (8,269,290)
Accrued expenses and other payables (86,889) (155,161)
Trade receivable from and payables to former subsidiaries 4,273,976 (1,124,827)
Net cash (used in) provided by operating activities 685,809 (4,023,872)
Cash flows from investing activities    
Purchases of property, plant and equipment and construction in progress (261,031) (1,222,149)
Net cash used in investing activities (261,031) (1,222,149)
Cash flows from financing activities    
Capital injection from non-controlling interests 56,704
Borrowings from related parties 266,671
Borrowings from shareholders 269,349
Borrowings from an unrelated party 3,467,148 5,866,754
Repayment of borrowing from an unrelated party (5,673,515)
Repayment of borrowings from related parties (407,168)
Repayment of earnest money to shareholders (note 1) (773,310)
Net cash provided by (used in) financing activities (1,937,018) 5,009,651
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (112,027) 438,891
Net increase (decrease) in cash and cash equivalents, and restricted cash (1,624,267) 202,521
Cash and cash equivalents, and restricted cash at the beginning of period 7,133,948 17,689,493
Cash and cash equivalents, and restricted cash at the end of period 5,509,681 17,892,014
Supplemental non-cash investing and financing activities:    
Transfer of construction in progress to property, plant and equipment 5,218,383
Issuance of common stock (note 1):    
- offset repayment of promissory notes 200,000
- offset short-term borrowings from unrelated parties 5,200,000
Interest, net of amounts capitalized $ 269,019 $ 347,144