Cash Flow

v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,070,538) $ (2,367,118)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 84,984 78,875
Change in straight-line rent receivable 4,463 943
Amortization of right-of-use asset 34,247 27,531
Stock-based compensation and service expense 605,626 573,982
Loss on equity method investment 12,916 18,514
Changes in operating assets and liabilities:    
Rent receivable (6,965) 13,647
Rent receivable - related party (12,600)
Security deposit (441) 6,003
Deferred leasing costs 7,856 (2,364)
Prepaid expenses and other assets 30,219 (40,803)
Accrued liabilities and other payables 793,585 163,442
Accrued liabilities and other payables - related parties 39,687 45,149
Operating lease obligation (34,247) (33,326)
NET CASH USED IN OPERATING ACTIVITIES (511,208) (1,515,525)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,749)
Additional investment in equity method investment (30,844)
CASH USED IN INVESTING ACTIVITIES (1,749) (30,844)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from loan payable - related party 100,000 105,249
Proceeds received from equity offering 135,567 2,481,405
Disbursements for equity offering costs (4,067) (74,442)
NET CASH PROVIDED BY FINANCING ACTIVITIES 231,500 2,512,212
EFFECT OF EXCHANGE RATE ON CASH 209 120
NET (DECREASE) INCREASE IN CASH (281,248) 965,963
CASH - beginning of period 807,538 726,577
CASH - end of period 526,290 1,692,540
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for accrued liabilities 261,032
Deferred financing costs in accrued liabilities $ 20,000

Source