{"id":3694,"date":"2021-12-10T13:00:00","date_gmt":"2021-12-10T13:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3603464_CN03464_0"},"modified":"2021-12-10T13:00:00","modified_gmt":"2021-12-10T13:00:00","slug":"tdh-holdings-inc-reports-first-half-2021-financial-results","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=3694","title":{"rendered":"TDH Holdings, Inc. Reports First Half 2021 Financial Results"},"content":{"rendered":"<div id=\"dvContent\" readability=\"301.94165343141\">\n<p><span class=\"xn-location\">QINGDAO, China<\/span>, <span class=\"xn-chron\">Dec. 10, 2021<\/span> \/PRNewswire\/ &#8212; TDH Holdings, Inc. (NASDAQ: PETZ) (&#8220;TDH&#8221; or the &#8220;Company&#8221;), a PRC-based company that specializes in the development, manufacturing and sales of pet food products in <span class=\"xn-location\">China<\/span> and beyond, announced today its financial results for the six months ended <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p><b><u>First Half 2021 Unaudited Financial Highlights:<\/u><\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"5.5\">\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"10\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Six Months Ended June 30<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prnsbt1 prnsbr1 prnvab prnsbbs prnpl6 prnsbl1 prnpr6\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>($ millions, except per share data)<\/i><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% <br \/>Change<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.13<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.28<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-52.46<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gross profit (loss)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.18)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.07)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">148.27<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gross profit (loss) margin<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-138.46<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-25.0<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-113.46 pp<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating loss<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1.17)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.97)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20.23<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating loss margin<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-867.74<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-343.10<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-524.64 pp<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to common stockholders<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.94)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.6)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-56.09<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss per share &#8211; basic and diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.02)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.01)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-100<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prnpl6 prnsbl1 prnpr8\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">* pp: percentage points<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<ul type=\"disc\">\n<li>Revenues decreased by 52.46% to <span class=\"xn-money\">$0.13 million<\/span> for the first half of 2020. The decrease of revenue in the six months ended <span class=\"xn-chron\">June 30, 2021<\/span> was mainly due to the following facts: (1) decrease in sales orders due to our uncompetitive sales price which became less attractive to our customers; (2) suspension of our overseas E-commerce business due to the estimated gross loss; (3) The negative impact from suspension of our production and operations in <span class=\"xn-chron\">November 2019<\/span> due to our default on loan repayments to financial institutions, claims from our suppliers and creditors and labor arbitration derived from our reduction in the number of employees. The COVID-19 outbreak and further spread caused disruption in our supply chain, transportation and our sales activities. As a result, we had the inability to fulfil customer orders on a timely manner and we received reduced sales orders from our customers and our sales volume decreased in six months ended <span class=\"xn-chron\">June 30, 2021<\/span> as compared to the same period of 2020. <\/li>\n<li>Gross loss was <span class=\"xn-money\">$ 0.18 million<\/span> for the first half of 2020, compared to gross profit of <span class=\"xn-money\">$0.07 million<\/span> for the same period of the prior year. <\/li>\n<li>Operating loss was <span class=\"xn-money\">$1.17 million<\/span> for the first half of 2021, compared to operating loss of <span class=\"xn-money\">$0.97 million<\/span> for the same period of the prior year. The increase in operating loss was mainly due to decreased revenue and increased general and administrative expenses because of higher consulting service fees incurred during six months ended <span class=\"xn-chron\">June 30, 2021<\/span>. <\/li>\n<li>Net loss was <span class=\"xn-money\">$0.94 million<\/span>, or loss per share of <span class=\"xn-money\">$0.02<\/span>, for the first half of 2021, compared to net loss of <span class=\"xn-money\">$0.60 million<\/span>, or loss per share of <span class=\"xn-money\">$0.01<\/span>, for the same period of the prior year.<\/li>\n<\/ul>\n<p>First Half 2021 Financial Results<\/p>\n<p><i>Revenues<\/i><\/p>\n<p>Historically, the Company generated its revenues from product sales, mainly including sales for pet chews, dried pet snacks and wet canned pet foods in overseas markets, domestic markets and through its e-commerce platform. Revenue consists of the invoiced value for the sales, net of value-added tax (&#8220;VAT&#8221;), business tax, and applicable local government levies. Due to the sharp rise in market price of raw materials, the lack of operational efficiency of our production facilities and our inability to make bank loan repayments upon maturity, we suspended our production and normal business operations and we were involved in certain legal proceedings since <span class=\"xn-chron\">November 2019<\/span>. The COVID-19 outbreak further disrupted our business activities. These factors led to the continuous decrease in our revenue for the six months ended <span class=\"xn-chron\">June 30, 2021<\/span> as compared to the same period of 2020. For the first half of 2021, total revenues decreased by <span class=\"xn-money\">$0.15 million<\/span>, or 52.46%, to <span class=\"xn-money\">$0.13 million<\/span> from <span class=\"xn-money\">$0.28 million<\/span> as compared with the same period of the prior year. The decrease of revenue for the six months ended <span class=\"xn-chron\">June 30, 2021<\/span> was mainly due to the following facts: (1) decrease in sales orders due to our uncompetitive sales price which became less attractive to our customers; (2) suspension of our overseas E-commerce business due to the estimated gross loss; (3) The negative impact from suspension of our production and operations in <span class=\"xn-chron\">November 2019<\/span> due to our default on loan repayments to financial institutions, claims from our suppliers and creditors and labor arbitration derived from our reduction in the number of employees. The COVID-19 outbreak further spread caused disruption in our supply chain, transportation and our sales activities. As a result, we were unable to fulfil customer orders in a timely manner, we received reduced sales orders from our customers and our sales volume decreased for the six months ended <span class=\"xn-chron\">June 30, 2021<\/span> as compared to the same period of 2020, as discussed in detail below:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"2.5\">\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"22\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Six Months Ended June 30,&nbsp;<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Y\/Y Change<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenues <br \/>($&#8217;000)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;<b>% of <br \/>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenues <br \/>($&#8217;000)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;<b>% of <br \/>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Amount <br \/>($&#8217;000)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Overseas<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21.60<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(61)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-100.00<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Domestic<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">115<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85.82<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">222<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78.40<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(106)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-48.20<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">E-commerce<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14.18<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100.00<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">less: sales tax and additional <br \/>&nbsp;&nbsp; surcharge<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>134<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100.00<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>283<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>100.00<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(148)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-52.46<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Overseas sales decreased by <span class=\"xn-money\">$0.06 million<\/span>, or 100.00%, to <span class=\"xn-money\">$0 million<\/span> for the first half of 2021 from <span class=\"xn-money\">$0.06 million<\/span> for the same period of the prior year. Domestic sales decreased by <span class=\"xn-money\">$0.10 million<\/span>, or 48.20%, to <span class=\"xn-money\">$0.12 million<\/span> for the first half of 2021 from <span class=\"xn-money\">$0.22 million<\/span> for the same period of the prior year. Sales from the e-commerce channel increased by <span class=\"xn-money\">$0.02 million<\/span>, or 100%, to <span class=\"xn-money\">$0.02 million<\/span> for the first half of 2021 from <span class=\"xn-money\">$0 million<\/span> for the same period of the prior year.<\/p>\n<p><i>Cost of revenues<\/i><\/p>\n<p>Cost of revenues consists primarily of raw materials, labor and factory overhead expenses necessary to manufacture finished goods. Our cost of revenues, decreased by <span class=\"xn-money\">$0.04 million<\/span> or 12.33%, to <span class=\"xn-money\">$0.31 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2021<\/span> as compared to <span class=\"xn-money\">$0.35 million<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2020<\/span>. This decrease in cost of revenues was in line with the 52.46% decrease in our total net revenue for the six months ended <span class=\"xn-chron\">June 30, 2020<\/span> when sales orders and sales volume decreased. As a percentage of revenues, cost of revenues was 230.51% for the first half of 2021, compared to 124.99% for the same period of the prior year.<\/p>\n<p><i>Gross loss and gross loss margin<\/i><\/p>\n<p>Gross loss was <span class=\"xn-money\">$0.18 million<\/span> for the first half of 2021, compared to gross loss of <span class=\"xn-money\">$0.07 million<\/span> for the same period of the prior year. Gross loss margin was -131% for the first half of 2021, compared to gross profit margin of -25% for the same period of the prior year.<\/p>\n<p><i>Operating expense<\/i><\/p>\n<p>Operating expense consists of selling expense and general and administrative expense.<\/p>\n<p>Selling expense decreased by <span class=\"xn-money\">$0.02 million<\/span>, or 39.32%, to <span class=\"xn-money\">$0.04 million<\/span> for the first half of 2021 from <span class=\"xn-money\">$0.06 million<\/span> for the same period of the prior year. The decrease in our selling expense was in line with our decreased revenue for the six months ended <span class=\"xn-chron\">June 30, 2021<\/span>. As our revenue declined, our distribution costs, sales promotion and marketing related costs and sales commission paid to our sales teams decreased in first half of 2021 as compared to first half of 2020.<\/p>\n<p>General and administrative expense increased by <span class=\"xn-money\">$0.12 million<\/span>, or 13.94%, to <span class=\"xn-money\">$0.95 million<\/span> for the first half of 2021 from <span class=\"xn-money\">$0.84 million<\/span> for the same period of the prior year. The increase in general and administrative expenses was mainly due to higher consulting service fees we incurred during six months ended <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p>As a result, total operating expenses increased by <span class=\"xn-money\">$0.09 million<\/span>, or 10.17%, to <span class=\"xn-money\">$0.99 million<\/span> for the first half of 2021 from <span class=\"xn-money\">$0.90 million<\/span> for the same period of the prior year.<\/p>\n<p><i>Operating loss <\/i><\/p>\n<p>Loss from operations was <span class=\"xn-money\">$1.17 million<\/span> for the first half of 2021, compared to <span class=\"xn-money\">$0.97 million<\/span> for the same period of the prior year. The increase in operating loss was mainly due to the company&#8217;s land and plant being auctioned off and disposal of some waste materials stored in the factory premises at a low price.<\/p>\n<p><i>Other income, net <\/i><\/p>\n<p>Total net other income increased by approximately <span class=\"xn-money\">$0.14 million<\/span> or 39.07%, from <span class=\"xn-money\">$0.37 million<\/span> in six months ended <span class=\"xn-chron\">June 30, 2020<\/span> to <span class=\"xn-money\">$0.22 million<\/span> in six months ended <span class=\"xn-chron\">June 30, 2021<\/span>, primarily includes an increase in investment income by approximately <span class=\"xn-money\">$0.74 million<\/span>, offset by an increase in other expenses of <span class=\"xn-money\">$942,245<\/span>. We invested our available cash on hand in equity securities of certain publicly listed companies through various open market transactions. Our investments in marketable securities are accounted for pursuant to ASC 321 and reported at their readily determinable fair value as quoted by market exchanges in the consolidated balance sheets with change in fair value recognized in earnings. During the first half of 2021, the investments generated a total of <span class=\"xn-money\">$1.62 million<\/span> net returns as compared to <span class=\"xn-money\">$0.88 million<\/span> for the same period of 2020. On the other hand, the increase in our other expense of approximately <span class=\"xn-money\">$0.94 million<\/span> was primarily due to loss from auction of our land use right and a factory building on the land owned by Qingdao Tiandihui Foodstuffs Co., Ltd., by the court during six months ended <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p><i>Net loss and loss per share<\/i><\/p>\n<p>Net loss was <span class=\"xn-money\">$0.94 million<\/span>, or loss per share of <span class=\"xn-money\">$0.02<\/span>, for the first half of 2021, compared to net loss of <span class=\"xn-money\">$0.60 million<\/span>, or loss per share of <span class=\"xn-money\">$0.01<\/span>, for the same period of the prior year.<\/p>\n<p><i>Financial Conditions<\/i><\/p>\n<p>As of <span class=\"xn-chron\">June 30, 2021<\/span>, the Company had cash, cash equivalents and restricted cash of <span class=\"xn-money\">$7.39 million<\/span>, compared to <span class=\"xn-money\">$6.75 million<\/span> at <span class=\"xn-chron\">December 31, 2020<\/span>. Accounts receivable and inventories were <span class=\"xn-money\">$0.02 million<\/span> and <span class=\"xn-money\">$0.15 million<\/span>, respectively, as of <span class=\"xn-chron\">June 30, 2021<\/span>, compared to <span class=\"xn-money\">$0.17 million<\/span> and <span class=\"xn-money\">$0.25 million<\/span>, respectively, at <span class=\"xn-chron\">December 31, 2020<\/span>. Total working capital deficit was <span class=\"xn-money\">$0.55 million<\/span> as of <span class=\"xn-chron\">June 30, 2021<\/span>, compared to <span class=\"xn-money\">$8.55 million<\/span> at <span class=\"xn-chron\">December 31, 2020<\/span>.<\/p>\n<p>Net cash used in operating activities was <span class=\"xn-money\">$4.84 million<\/span> for the first half of 2021, compared to <span class=\"xn-money\">$0.81 million<\/span> for the same period of the prior year. Net cash provided by investing activities was <span class=\"xn-money\">$5.81 million<\/span> for the first half of 2021, compared to net cash used in investing activities of <span class=\"xn-money\">$4.48 million<\/span> for the same period of the prior year. Net cash used in financing activities was <span class=\"xn-money\">$0.36 million<\/span> for the first half of 2021, as compared to net cash provided by financing activities of <span class=\"xn-money\">$0.15 million<\/span> for the same period of the prior year.<\/p>\n<p><i>Recent sales of securities<\/i><\/p>\n<p>On <span class=\"xn-chron\">December 2, 2020<\/span>, the Company entered into stock subscription agreements, pursuant to which the Company agreed to sell 9,100,000 shares to a group of investors for an aggregate purchase of <span class=\"xn-money\">$2,730,000<\/span>, or <span class=\"xn-money\">$0.3<\/span> per share. In <span class=\"xn-chron\">April 2021<\/span>, a total of 9,100,000 common shares were issued to four investors with cash proceeds of <span class=\"xn-money\">$2,730,000<\/span> received in the same month.<\/p>\n<p>On <span class=\"xn-chron\">September 30, 2021<\/span>, the Company and certain investors entered into a securities purchase agreement in connection with a registered direct offering, pursuant to which the Company agreed to sell to the investors an aggregate of 10,000,000 of its common shares and warrants exercisable for an aggregate of 20,000,000 of its common shares. The common share purchase price is <span class=\"xn-money\">$0.89<\/span> per share and warrant purchase price is <span class=\"xn-money\">$0.01<\/span> per warrant. The warrants are exercisable immediately as of the date of issuance at an exercise price of <span class=\"xn-money\">$2.06<\/span> per share and expire twenty-four (24) months from the date of issuance. The warrants may also be exercised on a cashless basis. The Company may compel the exercise of the warrants if the closing price of the Company&#8217;s common shares exceeds <span class=\"xn-money\">$6.00<\/span> for ten (10) consecutive trading days commencing six (6) months after issuance. The exercisability of the warrants may be limited if, upon exercise, the holder or any of its affiliates would beneficially own more than 9.99% of the Company&#8217;s common shares. The registered direct Offering was closed on <span class=\"xn-chron\">September 30, 2021<\/span> and the Company received approximately <span class=\"xn-money\">$8.2 million<\/span> net proceeds from the issuance of 10,000,000 common shares to investors, after deducting placement agent fees and estimated offering expenses.<\/p>\n<p>On <span class=\"xn-chron\">November 3, 2021<\/span>, the&nbsp;Company&nbsp;and certain investors entered into a securities purchase agreement in connection with a registered direct offering, pursuant to which the Company agreed to sell to the investors an aggregate of 15,000,000 of its common shares and warrants exercisable for an aggregate of 30,000,000 of its common shares. The common share purchase price is <span class=\"xn-money\">$0.64<\/span> per share and arrant purchase price is <span class=\"xn-money\">$0.01<\/span> per warrant. The warrants are exercisable immediately as of the date of issuance at an exercise price of <span class=\"xn-money\">$1.47<\/span> per share and expire twenty-four (24) months from the date of issuance. The warrants may also be exercised on a cashless basis. The Company may compel the exercise of the warrants if the closing price of the Company&#8217;s common shares exceeds <span class=\"xn-money\">$6.00<\/span> for ten (10) consecutive trading days commencing six (6) months after issuance. The exercisability of the warrants may be limited if, upon exercise, the holder or any of its affiliates would beneficially own more than 9.99% of the Company&#8217;s common shares. The registered direct offering was closed on <span class=\"xn-chron\">November 3, 2021<\/span> and the Company received approximately <span class=\"xn-money\">$8.9 million<\/span> net proceeds from the issuance of 15,000,000 common shares to investors, after deducting placement agent fees and estimated offering expenses.<\/p>\n<p><i>Notice<\/i><\/p>\n<p>Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.<\/p>\n<p><b>About TDH Holdings, Inc.<\/b><\/p>\n<p>Founded in <span class=\"xn-chron\">April 2002<\/span>, TDH Holdings, Inc. (the &#8220;Company&#8221;) (NASDAQ: PETZ), is a developer, manufacturer and distributer of a variety of pet food products under multiple brands that are sold in <span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">Asia<\/span> and <span class=\"xn-location\">Europe<\/span>. More information about the Company can be found at <a href=\"http:\/\/www.tiandihui.com\" rel=\"nofollow\">www.tiandihui.com<\/a>.<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#8220;may&#8221;, &#8220;will&#8221;, &#8220;intend&#8221;, &#8220;should&#8221;, &#8220;believe&#8221;, &#8220;expect&#8221;, &#8220;anticipate&#8221;, &#8220;project&#8221;, &#8220;estimate&#8221; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company&#8217;s statements regarding, among others, its growth and business outlook, the Company&#8217;s ability to execute on its business plan, secure necessary capital to sustain and maintain its operations, its ability to resume its operations at the previous levels, its ability to successfully resolve various legal proceedings in which it is involved, are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#8217;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company&#8217;s goals and strategies; the Company&#8217;s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the pet food industry in <span class=\"xn-location\">China<\/span>; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in <span class=\"xn-location\">China<\/span> and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#8217;s filings with the U.S. Securities and Exchange Commission, which are available for review at <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.&nbsp;<\/p>\n<p>For more information, please contact:<\/p>\n<p><span class=\"xn-person\">Feng Zhang<\/span>, CFO<br \/>Email: <a target=\"_blank\" href=\"mailto:zhangfeng@tdhpet.com\" rel=\"nofollow noopener\">zhangfeng@tdhpet.com<\/a><br \/>Phone: +86 183-1102-1983<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"6.5\">\n<tr readability=\"3\">\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntac prnpl10 prnsbl1 prnpr6\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Index to Unaudited Condensed Consolidated Interim Financial Statements<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td class=\"prngen12\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Consolidated Balance Sheets as of June 30, 2021 (Unaudited) and December 31, 2020<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td class=\"prngen12\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Consolidated Statements of Operations and Comprehensive Loss For The Six Months Ended June 30, 2021 and 2020 (Unaudited)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Consolidated Statements of Cash Flows For The Six Months Ended June 30, 2021 and 2020 (Unaudited)<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"31\">\n<tr readability=\"4.5\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TDH HOLDINGS, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December&nbsp;31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CURRENT ASSETS:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,975,713<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,566,549<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,417,059<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">182,515<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,469,764<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,138,578<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,200<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">168,499<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Advances to suppliers, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,816<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,088<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventories, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">148,840<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">247,245<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepayments and other current assets, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92,156<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">172,481<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,177,548<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,516,955<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NON-CURRENT ASSETS:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Property, plant and equipment, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,171,158<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,636,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Land use rights, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">186,202<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,009,005<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease right-of-use assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,439<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19,103<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease right-of-use assets &#8211; related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">257,112<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">270,852<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total non-current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,628,911<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,935,955<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,806,459<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,452,910<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND STOCKHOLDER&#8217;S EQUITY (DEFICIT)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CURRENT LIABILITIES:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,224,177<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,209,763<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable &#8211; related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">126,122<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">124,715<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Advances from customers<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">113,865<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">90,834<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Bank overdrafts<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78,320<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78,320<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Short-term loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,373,598<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,391,323<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Short-term loans &#8211; related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">993,840<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">985,883<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Taxes payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,598<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,729<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Due to related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">42,491<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">42,021<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities, current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,296<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,913<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities &#8211; related parties, current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">223,251<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">195,231<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,473,798<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,882,164<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,722,356<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19,070,896<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NON-CURRENT LIABILITIES:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities &#8211; related party, non-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">260,108<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">274,794<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,982,464<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19,345,690<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>STOCKHOLDERS&#8217; EQUITY (DEFICIT)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"18\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Common stock ($0.001 par value; 200,000,000 shares authorized; 54,949,995 <br \/>and 45,849,995 shares issued and outstanding at June 30, 2021 and December <br \/>31, 2020, respectively)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54,950<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">45,850<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24,684,470<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,963,570<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Statutory reserves<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">160,014<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">160,014<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated deficit<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23,792,092)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,849,319)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated other comprehensive loss<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(283,347)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(212,895)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total stockholders&#8217; equity (deficit)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">823,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(892,780)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities and stockholders&#8217; equity (deficit)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,806,459<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,452,910<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"20\">\n<tr readability=\"4.5\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TDH HOLDINGS, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr readability=\"9\">\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For The <br \/>Six Months<br \/>Ended <br \/>June&nbsp;30,<br \/>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For The <br \/>Six Months<br \/>Ended<br \/>June 30,<br \/>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">134,312<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">282,532<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">309,597<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">353,135<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(175,285)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(70,603)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating expenses:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">38,580<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">63,577<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">951,615<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">835,177<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total operating expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>990,195<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>898,754<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss from operations<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,165,480)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(969,357)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(568,918)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(569,831)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">40,648<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,547<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Investment income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,617,467<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">879,520<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24,053)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,744)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss from judicial auction of property, plant and equipment and land use rights <br \/>in relation to litigations<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(964,266)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gain from forgiveness of interest payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">121,829<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total other income<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>222,707<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>365,492<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss before income tax expense<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(942,773)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(603,865)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">143<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(942,773)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(604,008)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Net loss attributable to noncontrolling interest<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net Loss attributable to TDH Holdings, Inc.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(942,773)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(604,008)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(942,773)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(604,008)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other comprehensive income (loss)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign currency translation adjustment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(70,452)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">94,340<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total comprehensive loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,013,225)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(509,668)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Comprehensive loss attributable to noncontrolling interest<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive loss attributable to TDH Holdings, Inc.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,013,225)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(509,660)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss per common share attributable to TDH Holdings, Inc.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.02)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.01)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.02)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.01)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average common shares outstanding<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50,582,279<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">45,849,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50,582,279<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">45,849,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"57\">\n<tr readability=\"4.5\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TDH HOLDINGS, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For The<br \/>Six Months<br \/>Ended<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen11\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For The&nbsp; <br \/>Six Months<br \/>Ended<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30, <br \/>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30, <br \/>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CASH FLOWS FROM OPERATING ACTIVITIES:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(942,773)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(604,008)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjustments to reconcile net loss to net cash used in operating activities:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">201,104<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">183,812<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Fair value change of short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,617,467)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(879,520)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on sale of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,837<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on judicial auction of property, plant and equipment in relation to litigations<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">834,817<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on judicial auction of land use rights in relation to litigations<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">129,449<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gain on disposal of subsidiaries<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(39,330)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-cash lease expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,625<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17,577<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gain from forgiveness of interest payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(121,829)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Changes in operating assets and liabilities:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts receivable, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">151,852<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(32,902)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventories, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100,962<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">233,518<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">271<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,179<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating lease liabilities \u2013 related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,015<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Advances to suppliers, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(14,232)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(43,882)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepayments and other current assets, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">155,102<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(54,763)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20,606)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(280,293)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">356,820<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">518,559<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest payable \u2013 related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24,543<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Taxes payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,293<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">143<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Advances from customers<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,957<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31,752<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,105,300)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">90,675<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NET CASH USED IN OPERATING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(4,836,890)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(811,153)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CASH FLOWS FROM INVESTING ACTIVITIES:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments to acquire property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10,999)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9,244)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from sale of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,495<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from auction of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,434,580<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from auction of land use rights<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">687,760<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchase of short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,281,766)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,500,000)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from sale of short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,967,756<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,826<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>5,813,826<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(4,482,418)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CASH FLOWS FROM FINANCING ACTIVITIES:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from issuance of common shares<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,730,000<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from short-term loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">104,798<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Repayments of short-term loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,086,132)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,149)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from short-term loans &#8211; related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,350<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntar prnpl10 prnsbl1 prnpr8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(356,132)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>149,999<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Effects on changes in foreign exchange rate<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,904<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,389<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net change in cash, cash equivalents, and restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">643,708<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,134,183)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash, cash equivalents, and restricted cash &#8211; beginning of the period<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,749,064<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,504,578<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash, cash equivalents, and restricted cash &#8211; end of the period<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>7,392,772<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,370,395<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Supplemental cash flow information<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest paid<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">203,550<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37,640<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-cash investing and financing activities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Liabilities assumed in connection with purchase of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,023<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Liabilities assumed in connection with purchase of short \u2013 term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">65,422<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Notes payable reclassified to short-term loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">899,693<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Liabilities settled with sale of property, plant and equipment<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53,193<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">347,107<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Reconciliation of cash, cash equivalents, and restricted cash to the consolidated <br \/>balance sheets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,975,713<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">499,276<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,417,059<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">871,119<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen7\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total cash, cash equivalents, and restricted cash<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>7,392,772<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,370,395<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN03464&amp;sd=2021-12-10\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/tdh-holdings-inc-reports-first-half-2021-financial-results-301441937.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/tdh-holdings-inc-reports-first-half-2021-financial-results-301441937.html<\/a><\/p>\n<\/p><\/div>\n<p>Source: TDH Holdings, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>QINGDAO, China, Dec. 10, 2021 \/PRNewswire\/ &#8212; TDH Holdings, Inc. (NASDAQ: PETZ) (&#8220;TDH&#8221; or the &#8220;Company&#8221;), a PRC-based company that specializes in the development, manufacturing and sales of pet food products in China and beyond, announced today its financial results for the six months ended June 30, 2021. First Half 2021 Unaudited Financial Highlights: For [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":3695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TDH Holdings, Inc. 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