7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 
      
    		       
      cash flows from operating activities:
    		       
      net income
    		-1,713,315 -1,199,514 -2,131,712 -3,117,130 -2,926,068 -2,012,165 -3,672,348 
      adjustments to reconcile net income to net cash from operating activities:
    		       
      depreciation
    		26,770 26,999 37,172 24,819 20,756 35,563 27,345 
      amortization of intangible assets
    		199,748       
      amortization of debt discounts
    		0 119,402 238,882     
      amortization of operating right-of-use assets
    		9,759 9,728 9,793     
      allowance for credit losses
    		  47,785     
      inventories write-down
    		       
      stock-based compensation
    		   0 380,000 0 439,332 
      other income from software developing service, net of cost
    		       
      unrealized loss on marketable securities
    		       
      change in operating assets and liabilities
    		       
      accounts receivable
    		8,008 -34,459 -38,300     
      inventories
    		74,567 260,167 15,317 -206,037 -16,213 -47,903 66,125 
      other receivables and other current assets
    		50,531 355,154 -154,389     
      prepayments
    		-15,843 -138,983 -7,302 117,260 142,355 -62,225 -256,331 
      accounts payable
    		15,777 30,490 92,622 44,578 -84,403 -50,194 109,607 
      accounts payable, related parties
    		   34 -142 -5,164 -8,789 
      customer deposits
    		-82,103 -22,331 -7,786 35,469 27,097 13,827 19,394 
      contract liabilities
    		       
      other payables and accrued liabilities
    		-48,629 -112,860 21,841 331,482 129,129 -13,355 21,236 
      other payables, related parties
    		  2,332     
      operating lease liabilities
    		-8,367 -9,261 -9,793     
      income tax payables
    		-19,637 -5,724 -4,900 61,500 -34,950 11,500 11,500 
      net cash from operating activities
    		-1,071,063 -1,194,604 -1,894,762 -2,531,943 -2,409,951 -2,161,495 -2,456,896 
      capex
    		-578 -8,217 -6,234 -3,325 -11,333 -37,907 -34,399 
      free cash flows
    		-1,071,641 -1,202,821 -1,900,996 -2,535,268 -2,421,284 -2,199,402 -2,491,295 
      cash flows from investing activities:
    		       
      purchases of equipment
    		-578 -8,217 -6,234 -3,325 -11,333 -37,907 -34,399 
      purchases of intangible asset
    		835       
      net cash from investing activities
    		257 -200,694 -6,234 22,395 -11,333 -37,907 -34,399 
      cash flows from financing activities:
    		       
      payments of deferred offering cost
    		   0 0 0 -15,000 
      proceeds from issuance of common stock in initial public offering
    		   1 -1 0 8,235,110 
      proceeds from issuance of common stock and prefunded warrants in november 2023 offering
    		0       
      proceeds received from exercising prefunded warrants
    		820       
      capital contribution
    		       
      proceeds received from insurance loan
    		       
      principal payments of insurance loan
    		-6,077 -80,736 -79,556     
      payments of related party loan
    		-992 -1,043 -1,107  -1,751 -712 -1,203 
      proceeds from issuance of convertible notes
    		   3,220,000 1,840,000 0 2,672,092 
      repayments of convertible notes
    		0       
      repayment of senior note
    		   0 0 0 -65,000 
      repayments to related parties
    		       
      proceeds from third party loans
    		   -1,365 5,646 -5,112 557,550 
      repayments to third party loans
    		       
      net cash from financing activities
    		72,245 9,637 -80,663 3,144,581 1,798,258 -94,659 7,811,008 
      effect of exchange rate on cash and cash equivalents
    		78,523   -136,072 -2,915 6,860 -157,130 
      increase in cash and cash equivalents
    		-920,038 -1,389,814 -1,977,250 498,961 -625,941 -2,287,201 5,162,583 
      cash and cash equivalents, beginning of period
    		0 0 4,593,634  0 0 1,845,232 
      cash and cash equivalents, end of period
    		-920,038 -1,389,814 2,616,384  -625,941 -2,287,201 7,007,815 
      supplemental cash flows information
    		       
      income taxes paid
    		0 9,000 20,957 0    
      interest paid
    		27,734 21,625 1,974 22,681 0 0 42,998 
      supplemental non-cash flows information
    		       
      offering costs paid in the prior period
    		   0 0 0 93,536 
      beneficial conversion feature resulted from issuance of convertible notes
    		   209,644 2,035 0 537,383 
      fair value of warrants issued to underwriter
    		   0 0 0 175,349 
      fair value of warrants issued to consultant
    		   0 0 0 856,170 
      fair value of common stock issued to consultant
    		   380,000 0 0 439,332 
      recognition of operating right-of-use asset and lease liability
    		   11,007 888 -804 87,704 
      conversion of convertible note payable, net of unamortized discounts
    		0 485,432 1,325,638  0 0 14,097,414 
      conversion of convertible note payable, related parties
    		    0 0 2,437,574 
      financing insurance premium by obtained an insurance loan
    		       
      marketable securities received as in exchange of software developing service
    		0       
      issuance of common stock to related parties for debts cancellation
    		0       
      issuance of common stock for acquiring intangible assets
    		1,000,000       
      benefit from estimated credit losses
    		       
      inventories impairment
    		       
      other income from software developing service
    		       
      unrealized holding loss on marketable securities
    		       
      contract liability
    		 -21,472 53,848  -92,871 -34,686 115,402 
      advance proceeds received from exercising prefunded warrants
    		       
      unrealized holding gain on marketable securities
    		  -60,172     
      effects of exchange rate on cash and cash equivalents
    		  4,409     
      marketable securities received as a deposit for software developing service
    		  1,000,000     
      allowance for (recovery of) doubtful accounts
    		       
      income from disposal of equipment
    		       
      account receivable, a related party
    		       
      other receivable, a related party
    		       
      customer deposits, related parties
    		       
      proceeds from sale of equipment
    		       
      payments of related party loans
    		       
      proceeds from issuance of convertible notes, related parties
    		       
      repayments from related parties
    		       
      cash and cash equivalents, beginning of year
    		       
      cash and cash equivalents, end of year
    		       
      recognition of accrued restoration cost in a lease
    		       
      conversion of convertible notes payable, net of unamortized discounts
    		       
      conversion of convertible notes payable, related parties
    		       
      insurance premium prepaid by insurance loan
    		       
      amortization of debt discount
    		    25,255 0 998,076 
      amortization of operating right-of-use asset
    		    8,761 8,352 8,435 
      recovery of doubtful accounts
    		       
      accounts receivables
    		    9,330 -50,866 -1,092 
      accounts receivables, a related party
    		       
      other receivable and other current assets
    		    23,875 120,095 -419,771 
      other payable, related party
    		    -16,129 -62,806 93,330 
      operating lease liability
    		    -5,733 -11,468 -8,347 
      principal payment of insurance loan
    		       
      repayment to related parties
    		       
      repayment to third party loans
    		    -19,760 17,890 -1,951,041 
      (repayment to) proceeds from related parties
    		     -106,726 -1,621,499 
      (recovery of) benefit from doubtful accounts
    		       
      payments of deferred offering costs
    		       
      capital contributions
    		       
      proceeds from issuance of senior note
    		       
      proceeds from third party loan
    		       
      beneficial conversion feature resulted from issuance of convertible note
    		       
      purchase of equipment through financing with related party
    		       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.