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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,689,085) $ (2,014,940)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation 95,292 100,031
Amortization of intangible assets 19,599 73,612
Gain on disposal of property, plant and equipment (25,197)
Unrealized loss on marketable securities 1,278,939
Loss/(gain) on disposal of marketable securities 22,013 (774,371)
Dividend received (241,472)
Amortization of debt discount 2,821
Stock-based professional fees 1,051,410
Stock-based consultancy fees 240,000 599,220
Stock-based director’s remuneration 803,735
Changes in operating assets and liabilities:    
Accounts receivable (113,711) (64,035)
Prepaid and other receivables 189,092 (295,230)
Accounts payable and accrued expenses 14,384 (25,003)
Other payables 51,987 183,969
Deferred revenue (107)
CASH FLOWS USED IN OPERATING ACTIVITIES (1,354,424) (1,162,623)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Dividend received 241,472 12,515
Purchase of marketable securities (320,456) (18,318,917)
Proceed from disposal of marketable securities 275,274 17,254,369
Proceed from disposal of property, plant and equipment 30,692
Purchase of property, plant and equipment (7,949) (47,722)
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES 219,033 (1,099,755)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of bank loan (294,782) (816,102)
Proceeds from bank loan 666,704
Proceeds from issuance of note payable 535,900
Advance from related party 715,058 1,014,609
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES: 1,086,980 734,407
Effect of exchange rate changes 6,067 (65,560)
Net change in cash and cash equivalents (42,344) (1,593,531)
Cash and cash equivalents - beginning of period 66,273 1,805,417
Cash and cash equivalents - end of period 23,929 211,886
Cash paid for:    
- interest 156,167 168,646
- income tax
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
- interest 163,080 152,153
- Stock issued for director’s remuneration 551,244
- Stock issued for services from consultants and vendors 1,650,630
- Stock issued for redemption of convertible note and accrued interest $ 616,300 $ 204,267