QHY GROUP Cashflow Statement | Understand Stock

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In USD, except per-share amounts

	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2011 12 months to Dec 31, 2011
Cash flows from operating activities
Net loss
Depreciation and amortization
Accounts receivable
Interest expenses
Cost of issuing warrants for credit loan
Consulting fee paid by common shares
Investment income
Other income
Inventory write-off
Debt cancellation income

Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating assets and liabilities:
Inventory
Other receivables
Advance to suppliers
Deferred tax assets
Deposits & prepayment
Accounts payable & accrued liabilities
Taxes payable
Customer deposits
Prepaid lease
Prepaid lease - related party
Prepaid expenses and other current assets
Accounts payable
License fee payable – related party
Professional fee payable – related party
Advance from a customer

Net cash used in operating activities
Purchase of property and equipment
Loan receivable
Receipts of loan receivable
Proceeds from related party receivable
Advance to related party
Net cash provided by investing activities
Cash flows from financing activities
Proceeds from issuance of stocks
Related party payable
Dividends paid to stockholders
EIDL loan advance
Cash proceeds from shareholder loan
Net cash provided by financing activities
Effect of exchange rate changes on cash

Net decrease in cash and cash equivalents
Purchased fixed assets from related party by reducing related party receivable
Shareholder contribution of fixed assets
Machinery lease deposit - related party
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Supplemental disclosure of cash flow information
Income taxes paid
Interest paid
Warrants issued for obtaining credit loan
Common stock issued for consulting services
Stock subscription collected by a related party

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