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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,546,351) $ (4,610,913)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation 66,769 67,684
Amortization of intangible assets 49,075 101,496
Impairment loss on marketable securities 1,861,605
Gain on disposal of marketable securities (616,641) (76,968)
Impairment loss on goodwill 1,080,898
Written-off prepayments 122,514
Stock-based professional fees 225,333
Stock-based consultancy fee 1,051,410
Stock-based business marketing fee 599,220
Loss on disposal of a subsidiary 70,901
Amortization of debt discount 2,821 2,137
Changes in operating assets and liabilities:    
Accounts receivable (25,607) (39,375)
Prepaid expenses and other receivables (429,979) 22,208
Accounts payable and accrued expenses (74,113) 1,122
Other payable 120,750 422,015
Income tax payable (6,802)
Deferred revenue (107) 430
CASH FLOWS USED IN OPERATING ACTIVITIES (802,753) (755,715)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Dividends received 7,222
Purchase of marketable securities (17,381,542) (3,295,426)
Proceeds from disposal of marketable securities 16,649,971 2,894,765
Proceeds from disposal of a subsidiary 8,251
Cash and cash equivalents from acquisition of a non-wholly owned subsidiary 192,022
CASH FLOWS USED IN INVESTING ACTIVITIES (724,349) (200,388)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (60,592) (39,149)
Proceeds from bank loan 1,412,574
Proceeds from issuance of note payable 230,770 183,000
Advance from related party 149,884 329,982
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 320,062 1,886,407
Effect of exchange rate changes (17,057) (20,564)
Net change in cash and cash equivalents (1,224,097) 909,740
Cash and cash equivalents - beginning of period 1,805,417 83,667
Cash and cash equivalents - end of period 581,320 993,407
Cash paid for:    
Interest 110,107 144,225
Income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Interest 119,171 448,686
Stock issued for director’s remuneration 500,000
Stock issued for acquisition of a non-wholly owned subsidiary 976,695
Stock issued for services from consultants and vendors 1,650,630 478,008
Stock issued for redemption of convertible note and accrued interest $ 204,267 $ 100,000