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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 $ (676,642) $ (24,922,497)
Less: loss from discontinued operations 22,601,645
Net loss from continuing operations (676,642) (2,320,852)
Depreciation 33,842 6,245
Amortization of intangible assets 50,748 67,723
Written-off prepayments 122,514
Stock-based compensation   1,557,288
Loss on disposal of a subsidiary 70,901
Amortization of debt discount   69,502
Accounts receivable (9,561) 40,989
Prepaid expenses and other receivables 28,450 242,912
Accounts payable (510,743) 228,068
Accrued expenses 531,312 874
Income tax payable (6,802) (27,446)
Deferred revenue 589
CASH FLOWS USED IN OPERATING ACTIVITIES – continuing operations (365,392) (134,697)
CASH FLOWS USED IN OPERATING ACTIVITIES – discontinued operations (251,849)
CASH FLOWS USED IN OPERATING ACTIVITIES (365,392) (386,546)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceed from disposal of a subsidiary 8,251
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES – continuing operations 8,251
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES – discontinued operations
CASH FLOWS INVESTING ACTIVITIES 8,251
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (29,239)
Advance from related party 368,340 135,691
Repayment to related party (31,604)
Proceeds from sale of common stock, net 200,100
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES – continuing operations 339,101 304,187
CASH FLOWS USED IN FINANCING CTIVITIES – discontinued operations (209,127)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES: 339,101 95,060
Effect of exchange rate changes (19,919) (169,449)
Net change in cash and cash equivalents (37,959) (460,935)
Cash and cash equivalents - beginning of period 83,667 883,461
Cash and cash equivalents - end of period 45,708 422,526
Less: Cash and cash equivalents from discontinued operations (211,049)
Cash and cash equivalents from continuing operations, end of period 45,708 211,477
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 95,831 90,815
Income taxes
Interest 41,998
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock issued for future services to consultants and vendors 111,280
Stock issued for redemption of convertible note and accrued interest $ 50,000