| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
|
| Net loss |
|
|
|
|
|
| Net Income (loss) |
|
|
|
|
|
| Net loss |
|
|
|
|
|
| Adjustments to reconcile net loss to net cash (used in)/provided by operating activities: |
|
|
|
|
|
| Change in fair value of warrant liabilities |
|
|
|
|
|
| Interest income earned in cash and investments held in trust account |
|
|
|
|
|
| Provision for doubtful accounts, net |
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
|
|
| Credit losses |
|
|
|
|
|
|
Stock compensation expenses
|
|
|
|
|
|
| Deferred tax (benefit)/expense |
|
|
|
|
|
| Loss/(Gain) from short-term investments-unrealized & realized |
|
|
|
|
|
| Loss from disposal of property and equipment |
|
|
|
|
|
| Loss (gain) from disposal of subsidiaries |
|
|
|
|
|
| (Gain)/Loss from disposal of subsidiaries |
|
|
|
|
|
| Loss from disposal of subsidiaries |
|
|
|
|
|
| Amortization of operating lease right-of-use assets |
|
|
|
|
|
| Change in fair value of warrant liability |
|
|
|
|
|
| Amortization of debt discount |
|
|
|
|
|
| Impairment loss for goodwill |
|
|
|
|
|
| Impairment loss for long-lived assets |
|
|
|
|
|
| Gain from disposal of subsidiary |
|
|
|
|
|
| Change in fair value of warrant liabilities |
|
|
|
|
|
| Change in fair value of business acquisition payable |
|
|
|
|
|
|
Accounts receivables
|
|
|
|
|
|
|
Inventories
|
|
|
|
|
|
| Prepaid services fees |
|
|
|
|
|
| Increase in accrued liabilities |
|
|
|
|
|
|
Other receivables and prepaid expenses
|
|
|
|
|
|
| Prepaid expenses and deposits |
|
|
|
|
|
| Accounts payable |
|
|
|
|
|
| Deferred revenues |
|
|
|
|
|
| Other payables and accrued liabilities |
|
|
|
|
|
| Operating lease liabilities |
|
|
|
|
|
| Taxes payable |
|
|
|
|
|
|
Net cash (used in)/provided by operating activities
|
|
|
|
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
|
| Proceeds deposited in Trust Account |
|
|
|
|
|
| Security deposit |
|
|
|
|
|
| Purchases of cost method investment |
|
|
|
|
|
| Purchases of long-term investment |
|
|
|
|
|
| Sale of long term investments |
|
|
|
|
|
| Loss of long-term investment |
|
|
|
|
|
| Proceeds from disposal of long-term investments |
|
|
|
|
|
| Proceeds from disposal/(Purchases) of property and equipment |
|
|
|
|
|
| Purchases of short term investments |
|
|
|
|
|
| Redemption of short-term investments |
|
|
|
|
|
| Cash received from acquisition |
|
|
|
|
|
|
Purchases of property and equipment
|
|
|
|
|
|
| Loan to a third party |
|
|
|
|
|
| Payment for Shanghai Guoyu acquisition |
|
|
|
|
|
| Loss from short-term investment-realized |
|
|
|
|
|
| Cash received from acquisitions |
|
|
|
|
|
| Collection from third party investment |
|
|
|
|
|
|
Net cash (used in) investing activities
|
|
|
|
|
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
|
| Proceeds from unit purchase option |
|
|
|
|
|
| Proceeds from public offering, net of expenses |
|
|
|
|
|
| Proceeds from sale of private placement |
|
|
|
|
|
| Repayment of promissory note – related party |
|
|
|
|
|
| Advance to Parent |
|
|
|
|
|
| Loan to related party |
|
|
|
|
|
| Loan to Parent |
|
|
|
|
|
| Repayment to Parent |
|
|
|
|
|
| Proceeds from Parent |
|
|
|
|
|
| Proceeds from bank borrowings |
|
|
|
|
|
| Payments to bank borrowings |
|
|
|
|
|
| Proceeds from loan - a related party |
|
|
|
|
|
| Payments to loan - a related party |
|
|
|
|
|
| Proceeds from related party loans |
|
|
|
|
|
| Repayments to related party loans |
|
|
|
|
|
| Capital contribution from noncontrolling interests |
|
|
|
|
|
| Stock issuance |
|
|
|
|
|
| Issuance of convertible notes payable |
|
|
|
|
|
| Cash received from recapitalization of MicroAlgo |
|
|
|
|
|
| Deferred merger costs |
|
|
|
|
|
|
Net cash provided by financing activities
|
|
|
|
|
|
| NET CHANGE IN CASH |
|
|
|
|
|
| EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS |
|
|
|
|
|
|
CHANGE IN CASH AND CASH EQUIVALENTS
|
|
|
|
|
|
| CASH AND CASH EQUIVALENTS, at beginning of year |
|
|
|
|
|
| CASH AND CASH EQUIVALENTS, at end of year |
|
|
|
|
|
| Initial classification of shares subject to redemption |
|
|
|
|
|
| Allocation of offering costs to ordinary share subject to redemption |
|
|
|
|
|
| Accretion of carrying value to redemption value |
|
|
|
|
|
| Deferred underwriting compensation |
|
|
|
|
|
| Recognition of warrant liabilities |
|
|
|
|
|
| Cash paid for income taxes |
|
|
|
|
|
| Cash paid for interest |
|
|
|
|
|
| NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
|
|
|
| Deferred offering cost to offset proceed from recapitailzation |
|
|
|
|
|
| Deferred offering cost to offset proceed from recapitalization |
|
|
|
|
|
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities |
|
|
|
|
|
| Shares converted from convertible notes payable |
|
|
|
|
|
|
|
|
