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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net (loss) $ (4,124,660) $ (47,060,144)
Adjustments to reconcile Net (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 1,225,024 1,631,019
Provision for losses on accounts receivable 1,694,887 25,279,928
Gain (Loss) on disposal of property, plant and equipment 34
Inventories impairment 1,684,703 10,999,380
Changes in operating assets    
Accounts receivable (1,434,613) (588,426)
Amount due from related parties 2,550 (42,248)
Other current assets (9,385,507) 1,199,981
Inventories (6,496,098) 11,209,817
Advances to suppliers 12,684,175 (2,947,592)
Other assets 964,237 1,046,057
Changes in operating liabilities    
Accounts payable 297,553 (6,343,299)
Customer deposits (237,629) 543,423
Amount due to related parties (10,969) 244,000
Tax payables 48,130 (58,685)
Accrued expenses and other payables 1,019,323 6,527,291
Interest payable (734,954)
Net cash provided by (used in) operating activities (2,803,848) 1,640,536
Cash flows from investing activities    
Purchase of plant, property, and equipment (305,689) (83,816)
Change in construction in process 32,471
Sales of discontinued operations 895,411 1,841,677
Net cash provided by investing activities 589,722 1,790,332
Cash flows from financing activities    
Proceeds from the sale of common stock 16,757,130
Proceeds from loans 2,865,315
Advance from related party 250,000
Net cash provided by financing activities 19,872,445
Effect of exchange rate change on cash and cash equivalents (1,309,475) 1,582,358
Net increase in cash and cash equivalents 16,348,845 5,013,226
Cash and cash equivalents, beginning balance 57,770,303 18,593,944
Cash and cash equivalents, ending balance 74,119,148 23,607,170
Supplement disclosure of cash flow information    
Interest expense paid 149,983 138,518
Income taxes paid $ 211,167 $ 240,265