Cash Flow

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,894,784) $ (979,841) [1]
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Depreciation and amortization 247,975 34,156
Stock-based compensation expenses 1,082,923 266,467
Changes in operating assets and liabilities:    
Accounts receivable (67,542)
Accounts receivable - related parties (150,516) (160,964)
Tenants receivable (58) (25,433)
Inventory (19,892)
Prepaid expenses and other current assets (153,785) 21,653
Security deposit (308,694) (29,786)
Accounts payable 1,740 22,646
Accrued liabilities and other payables 176,584 146,680
Accrued liabilities and other payables - related parties 9,811 32,135
Deferred rental income (1,587) 4,178
Interest payable (113,179)
Income taxes payable (21,191)
VAT and other taxes payable 9,850 (3,841)
Tenants' security deposit (18,888) 92,288
NET CASH USED IN OPERATING ACTIVITIES (2,200,042) (600,853)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (10,192) (27,784)
Prepayment for purchase of long-term assets (22,606)
Purchase of commercial real estate (7,008,571)
Improvement of commercial real estate (165,155)
NET CASH USED IN INVESTING ACTIVITIES (197,953) (7,036,355)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from loan payable 2,100,000
Repayments of loan (500,000)
Proceeds received from related parties' advance 70,000
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 5,437,250
Disbursements for equity offering costs (380,607)
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,034,143 5,169,500
EFFECT OF EXCHANGE RATE ON CASH (19,865) (36,527)
NET (DECREASE) INCREASE IN CASH 616,283 (2,504,235)
CASH - beginning of period 3,027,033 2,886,189
CASH - end of period 3,643,316 381,954
Cash paid for:    
Interest 375,096
Income taxes 21,190
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 109,889
Acquisition of real estate by decreasing prepayment for property 700,000
Common stock issued for future services $ 405,250
[1] The Company does not allocate any general and administrative expense of its being a public company activities to its reportable segments as these activities are managed at a corporate level.

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