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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:              
Net profit $ (6,850,010) $ (606,044) $ 15,970,695 $ (5,090,321) $ (7,456,054) $ 10,880,374  
Adjustments to reconcile net profit to net cash provided by (used in) operating activities:              
Gain on derecognition of non-financial asset   (16,951,477)   (16,951,477)  
Goodwill impairment 6,083,146   (0)   6,083,146 (0) $ 4,111,079
Amortization of debt discount and deferred finance costs         251,782 1,133,270  
Amortization of intangible assets     12,841  
Warrants issued in connection with private placement         2,905,316  
Stock-based compensation         322,556  
Change in fair value of derivative 307,698   (122,919)   327,594 67,922  
Loss on debt conversion     257,810  
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets         (38,000) (4,932)  
Accounts payable and accrued expenses         117,289 276,704  
Accounts payable to related party         14,663 (66,183)  
Net cash provided by (used in) operating activities         (699,580) (1,165,799)  
Cash flows from financing activities:              
Proceeds from / (repayment to) private placement         (50,000) (25,000)  
Proceeds from sales of common stock         98,627  
Proceeds from convertible debt         983,175  
Proceeds from short term loans, others         690,000 500,000  
Repaid to note holders         (500,000)  
Repaid to related party/others         (60,000)  
Net cash provided by financing activities         640,000 996,802  
Net increase (decrease) in cash         (59,580) (168,997)  
Cash and restricted cash - beginning of period   $ 261,452   $ 588,769 261,452 588,769 588,769
Cash and restricted cash - end of period $ 201,872   $ 419,772   201,872 419,772 $ 261,452
Supplemental cash flow information:              
Interest paid         197,458 328,181  
Non-cash investing and financing activities:              
Warrants issued in connection with private placement         2,905,316  
Contribution from shareholder for payment of liabilities         644,463  
Common shares issued upon conversion of debt         397,912 650,001  
Beneficial Conversion Feature on convertible debt and restricted common shares         570,717  
Adoption of ASU 2020-06, net         $ (209,323)