Cash Flow

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,277,810) $ (5,298,035)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation and amortization 430,039 383,603
Stock-based compensation and service expense 7,003,077 2,224,969
Loss on equity method investment 48,353
Change in warrants derivative liabilities (1,621,630)
Allocated financing costs 525,418
Impairment loss 1,010,011
Changes in operating assets and liabilities,    
Accounts receivable 48 (131,357)
Accounts receivable-related parties (174,818) (226,166)
Tenants receivable (15,047) (12,775)
Prepaid expenses - related parties 34,257
Prepaid expenses and other current assets 240,563 (119,970)
Security deposit 101,318 (710,098)
Accrued liabilities and other payables 326,686 403,867
Accrued liabilities and other payables - related parties 39,833 (35,846)
Tenants' security deposit 11,537 (18,888)
NET CASH USED IN OPERATING ACTIVITIES (5,318,165) (3,540,696)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (379,279) (49,949)
Improvement of commercial real estate (16,321) (392,571)
Prepayment made for purchase of long-term assets (26,223)
Additional investment in equity method investment (116,545)
Payment for previously acquired business (200,000)
NET CASH USED IN INVESTING ACTIVITIES (538,368) (642,520)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from note payable - related party 1,000,000
Repayments of note payable - related party (410,000)
Repayments of loan payable (1,000,000) (500,000)
Repurchase of common stock (522,500)
Refund for refundable deposit in connection with Share Subscription Agreement (1,000,000)
Proceeds received from offering 6,000,008 7,551,013
Disbursements for offering costs (896,304) (486,296)
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,693,704 5,042,217
EFFECT OF EXCHANGE RATE ON CASH (17,118) (75,895)
NET (DECREASE) INCREASE IN CASH (1,179,947) 783,106
CASH - beginning of period 2,252,287 3,027,033
CASH - end of period 1,072,340 3,810,139
Cash paid for:    
Interest 112,217 375,096
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment acquired on credit as payable 80,723 93,894
Acquisition of equipment by decreasing prepayment for equipment 153,381
Common stock issued for future services 33,235
Refundable deposit exchange for common shares $ 2,000,000

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