Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net loss $ (3,316,661) $ (2,097,576)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Depreciation and amortization 269,479 258,350
Stock-based compensation 793,000
Issuance of stock warrant 60,000 20,000
Changes in operating assets and liabilities:    
Inventories (8) (97,674)
Prepaid expenses (475,228) 116,327
Prepaid investment (425,000)
Other receivable (27,383) 16,180
Deposits 673,498 (387,500)
Accrued expenses 342,863 (131,918)
Other payable- related parties (43,860) 1,200,417
Other payable- others 326,022 996,244
Net Cash Used for Operating Activities (1,823,278) (107,150)
Cash Flows from Investing Activity    
Purchase of property and equipment (279,775) (3,675,633)
Net Cash Used for Investing Activity (279,775) (3,675,633)
Cash Flows from Financing Activity    
Proceed from short-term loan 11,000
Proceeds from issuance of common stock 1,800,021 3,599,729
Proceeds from subscribed capital 14,000 200,000
Net Cash Provided by Financing Activity 1,814,021 3,810,729
Net Increase (Decrease) in Cash (289,032) 27,946
Cash, Beginning of Period 312,173 19,498
Foreign currency translation effect on cash (3,364)
Cash, End of Period 19,777 47,444
Non-cash operating and financing activities:    
Restricted stock deposit liability transferred to common stock 1,918 3,078
Other payable to related parties transferred to common stock $ 2,027,400

Source