Mercurity Fintech Holding Inc.MFH
| Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
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Net loss | -93,570,188 | -25,293,145 | -161,898,979 | -123,239,785 | -1,225,300 | -1,651,273 | -20,746,131 | -5,634,971 |
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Net loss from continuing operations | -104,646,123 | -25,293,145 | -161,898,979 | - | 482,970 | -1,651,273 | -12,385,809 | -5,634,971 |
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Provision for doubtful accounts | - | - | - | 293,814 | - | - | - | 3,138 |
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Asset Impairment Charges | - | - | - | - | - | 835,344 | 2 | 3 |
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Depreciation, Depletion and Amortization, Nonproduction | 5 | 9 | 9 | 2 | - | - | - | 28,950 |
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Stock-based compensation | - | - | - | - | - | 286,132 | 8 | 558,395 |
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Loss from disposal of subsidiaries | - | - | - | - | - | - | - | -4,664 |
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Other income/(expenses) | - | - | - | - | - | - | - | -23,318 |
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Digital assets generated from mining business | - | - | - | - | - | - | - | -783,438 |
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Disposal of digital assets | - | - | - | - | - | - | - | 998,902 |
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Accounts receivable, net of allowance | 3 | -1,936,461 | 1 | -2,753,995 | 2 | -835,533 | -380,510 | - |
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Prepaid expenses and other current assets | 19 | -15,797,204 | -6,167,381 | -764,097 | -197,324 | 717,806 | 2 | -1,281,109 |
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Right-of-use assets | - | - | - | - | - | - | - | -873,878 |
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Deferred tax assets | - | - | - | - | - | - | - | -251,005 |
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Accounts payable | 2 | - | - | - | - | - | - | 22,075 |
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Advance from customers | - | - | - | - | - | - | - | 80,000 |
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Increase (Decrease) in Accrued Liabilities | 17 | -8,612,603 | -906,516 | -2,949,494 | 79,788 | -183,606 | -241,143 | -87,867 |
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Lease liabilities | - | - | - | - | - | - | - | 904,132 |
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Net cash (used in)/provided by continuing operations | -10,731,755 | -5,826,386 | -9,873,748 | - | -925,798 | -595,676 | -3,618,695 | -582,423 |
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Net cash used in discontinued operations | -22,799,544 | - | - | - | 281,177 | - | -386,777 | - |
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Net cash used in operating activities | -33,531,299 | -5,826,386 | -9,873,748 | -4,331,190 | -644,621 | -595,676 | -4,005,472 | -582,423 |
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Purchase of fixed assets | 93,317 | 2 | 741,079 | 13,064 | - | - | - | 7,222 |
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Loan to affiliate person | - | - | - | - | - | - | - | 25,000 |
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Net cash used in continuing operations | -9,896,955 | -2,580,471 | -741,079 | - | 588,339 | -10,148 | 3 | -32,222 |
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Net cash provided by discontinued operations | -1,999,364 | - | - | - | - | - | - | - |
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Net cash (used in)/provided by investing activities | -11,896,319 | -2,580,471 | -741,079 | -13,064 | 588,339 | -10,148 | 3 | -32,222 |
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Issuance of common stock | - | - | - | - | - | 300,000 | 713,082 | 8 |
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Borrowings | - | - | - | - | - | - | 935,793 | 400,000 |
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Cash paid for debt | - | - | - | - | - | - | 93,091 | 579,875 |
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Net cash provided by continuing operations | 53 | - | 13 | - | - | 300,000 | 2 | 8 |
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Net cash provided by discontinued operations | 2 | - | - | - | - | - | 120,419 | - |
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Net cash provided by financing activities | 55 | - | 13 | 2 | - | 300,000 | 2 | 8 |
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Effect of Exchange Rate on Cash and Cash Equivalents | - | - | - | - | 134,820 | 45,396 | 2,953 | -8,543 |
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Effect of exchange rate changes by discontinued operations | - | - | - | - | - | - | 403 | - |
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Effect of exchange rate changes | - | - | - | - | - | - | 3,356 | -8,543 |
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Increase/(decrease) in cash and cash equivalents | - | - | - | - | 78,538 | -260,428 | 268,530 | 7 |
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