Cash Flow

v3.8.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,550,969) $ (549,333)
Adjustments to reconcile net loss from operations to net cash (used in) provided by operating activities:    
Depreciation and amortization 123,379 26
Stock-based compensation and service fees 526,348 138,334
Changes in operating assets and liabilities, net of assets and liabilities assumed in business acquisition:    
Accounts receivable 3,469
Accounts receivable - related parties 547
Tenants receivable 479
Inventory (7,372)
Prepaid expenses and other current assets 75,693 2,254
Security deposit 5,284 (23,922)
Accounts payable (30)
Accrued liabilities and other payables 178,136 29,202
Accrued liabilities and other payables - related parties (14,498) 16,257
Deferred rental income (5,515)
Interest payable 236,986
Income taxes payable (21,150)
VAT and other taxes payable 31,264 (5,029)
Tenants' security deposit (18,888)
NET CASH USED IN OPERATING ACTIVITIES (416,234) (412,814)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Prepayment made for acquisition of real property (2,000)
Purchase of property, plant and equipment (7,852)
NET CASH USED IN INVESTING ACTIVITIES (7,852) (2,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (522,500)
Refundable deposit in connection with Share Subscription Agreement 3,000,000
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (522,500) 3,000,000
EFFECT OF EXCHANGE RATE ON CASH 45,209 (40,147)
NET (DECREASE) INCREASE IN CASH (901,377) 2,545,039
CASH - beginning of period 3,027,033 2,886,189
CASH - end of period 2,125,656 5,431,228
Cash paid for:    
Interest
Income taxes 21,150
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 $ 110,103

Source