Cash Flow

v3.10.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,298,035) $ (1,690,570)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation and amortization 383,603 58,478
Stock-based compensation expenses 2,224,969 602,224
Changes in operating assets and liabilities:    
Accounts receivable (131,357)
Accounts receivable - related parties (226,166) (91,463)
Tenants receivable (12,775) (56,239)
Inventory (25,876)
Prepaid expenses and other current assets (94,094) 14,151
Security deposit (710,098) (30,081)
Accounts payable 18,105 21,600
Accrued liabilities and other payables 454,772 320,505
Accrued liabilities and other payables - related parties (35,846) 22,990
Deferred rental income (9,244) 19,914
Interest payable (87,973)
Income taxes payable (21,400)
VAT and other taxes payable 28,207 (9,453)
Tenants' security deposit (18,888) 92,288
NET CASH USED IN OPERATING ACTIVITIES (3,540,696) (747,056)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (49,949) (50,994)
Purchase of commercial real estate (7,008,571)
Improvement of commercial real estate (392,571)
Payment for previously acquired business (200,000)
NET CASH USED IN INVESTING ACTIVITIES (642,520) (7,059,565)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from loan payable   2,100,000
Repayments of loan (500,000)
Proceeds received from related parties' advance 210,000
Repayment of related parties' advance (500)
Repurchase of common stock (522,500)
Refundable deposit in connection with Share Subscription Agreement 3,000,000
Refund for refundable deposit in connection with Share Subscription Agreement (1,000,000)
Proceeds received from equity offering 7,551,013
Disbursements for equity offering costs (486,296)
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,042,217 5,309,500
EFFECT OF EXCHANGE RATE ON CASH (75,895) (32,246)
NET INCREASE (DECREASE) IN CASH 783,106 (2,529,367)
CASH - beginning of period 3,027,033 2,886,189
CASH - end of period 3,810,139 356,822
Cash paid for:    
Interest 375,096  
Income taxes 21,400
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued in connection with Share Subscription Agreement   300
Acquisition of equipment by decreasing prepayment for long-term assets 153,381
Equipment acquired on credit as payable 93,894
Acquisition of real estate by decreasing prepayment for property 700,000
Common stock issued for future services 33,235
Refundable deposit exchange for common shares $ 2,000,000

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