MicroCloud Hologram Inc. / "Benefits" | Tables in SEC filings

HOLO MicroCloud Hologram Inc.

2 Apr 24

Annual report (foreign)

8:45am

The following table sets forth our selected consolidated statements of cash flow data for the years indicated.

	For the Year Ended December 31,
Selected Consolidated Statements of Cash Flow Data:	2021		2022		2023		2023
	RMB		RMB		RMB		USD
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		81,244,474		(136,458,901)		(81,587,998)		(11,578,184)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		6,674,311		6,844,237		6,161,834		874,428
Amortization of operating lease right-of-use assets		-		1,589,078		1,075,834		152,672
Provision for doubtful accounts		515,345		2,976,474		(274,155)		(38,906)
Deferred tax expense (benefits)		(841,948)		(880,475)		(4,038,047)		(573,041)
Provision for inventory reserve		88,047		-		-		-
Interest income		(626,054)		-		-		-
Impairment loss for unconsolidated entities		-		1,600,000		-		-
Loss on disposal fixed assets		365,636		3,285		-		-
Change in fair value of warrant liabilities		-		(4,415,328)		(372,961)		(52,927)
Stock compensation expense		-		-		32,164,435		4,564,468
Impairment loss for intangible assets		-		-		3,854,547		547,000
Impairment loss for goodwill		-		-		21,155,897		3,002,242
Loss on disposal of subsidiaries		-		-		(1,900,379)		(269,684)

Change in operating assets and liabilities:
Accounts receivable		11,479,621		(15,072,501)		70,783,791		10,044,956
Prepayment and other current assets		4,324,504		(5,544,532)		(8,706,708)		(1,235,572)
Inventories		2,855,093		167,562		384,038		54,499
Prepayments and deposits		177,350		32,688		106,536		15,119
Accounts payable		(6,012,590)		14,191,808		(59,893,927)		(8,499,571)
Operating lease liabilities		-		(1,482,308)		(1,049,831)		(148,982)
Advance from customers		(698,465)		2,545,326		(1,173,186)		(166,487)
Other payables and accrued liabilities		2,066,507		1,891,849		(4,451,683)		(631,740)
Taxes payable		1,382,989		(2,647,030)		23,354		3,314
Net cash provided by (used in) operating activities		102,994,820		(134,658,768)		(27,738,609)		(3,936,396)

CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for business acquisition payable - related parties		(50,000,000)		-		-		-
Loan proceeds to third parties		(90,268,908)		(10,339,518)		-		-
Loan repayment from third parties		57,906,587		23,668,959		-		-
Purchases of property and equipment		(135,676)		(1,821,918)		(774,615)		(109,926)
Cash received on fixed assets disposal		600		-		-		-
Investments in unconsolidated entities		(1,600,000)		-		(600,000)		(85,146)
Net cash provided by (used in) investing activities		(84,097,397)		11,507,523		(1,374,615)		(195,072)

CASH FLOWS FROM FINANCING ACTIVITIES:
Amounts advanced from related parties		1,806,084		-		-		-
Amounts advanced to related parties		-		(40,280)		-		-
Repayments from related parties		8,703,084		-		60,280		8,554
Repayments to related parties		(10,643,080)		(370)		(350,000)		(49,669)
Repayments of third-party loan		(1,167,504)		(90,000)		(7,406,104)		(1,051,003)
Cash received from recapitalization		-		223,513,290		-		-
Proceeds of third-party loan			500,000		9,900,000		1,404,913
Net cash provided by (used in) financing activities		(1,301,416)		223,882,640		2,204,176		312,795

EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS		(271,402)		2,381,611		1,826,601		(296,539)

CHANGE IN CASH AND CASH EQUIVALENTS		17,324,605		103,113,006		(25,082,447)		(4,115,212)

CASH AND CASH EQUIVALENTS, beginning of period		30,682,374		48,006,979		151,119,985		21,910,338

CASH AND CASH EQUIVALENTS, end of period		48,006,979		151,119,985		126,037,538		17,795,126

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes		72,041		4,201		-		-
Cash paid for interest		20,177		38,084		26,442		3,752

NON-CASH INVESTING AND FINANCING ACTIVITIES:
Initial recognition of right-of-use assets and lease liabilities		-		5,653,603		932,174		132,285

Schedule of income tax expense benefit
	For the year ended December 31, 2021		For the year ended December 31, 2022		For the year ended December 31, 2023		For the year ended December 31, 2023
	RMB		RMB		RMB		USD
Current income tax expenses		47,145		54,335		(100,859)		(14,313)
Deferred income tax benefits		(841,948)		(880,475)		(4,038,047)		(573,041)
Income tax expenses		(794,803)		(826,140)		(4,138,906)		(587,354)

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