Roan Holdings Group Co., Ltd.

[1]	Because the Company incurred a net loss from continuing operations, the number of warrants, Class A preferred shares and Class B preferred shares are excluded from the computation as the anti-dilutive effect.

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net (loss) income	$ (106,535)	$ 757,301	$ (854,606)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expenses	920,900	985,845	951,139
Provision for credit losses	545,939	48,518	316,014
Recovery (provision) for financial guarantee losses	(278,496)	57,417	89,865
Deferred tax expenses	(330,063)	(265,421)	(1,001,372)
Changes in fair value of warrant liabilities	(16,998)	3,021	(5,961)
Net gain from disposal of fixed assets		(33,246)	(136,682)
Gain (loss) from lease modification		(603)	22,257
Non-cash operating lease expenses	82,288	156,498	165,916
Gain (loss) from deconsolidation of subsidiaries		(490,283)	1,953,248
Changes in operating assets and liabilities:
Accounts receivable	(1,934,362)	(7,495)	(3,116,533)
Inventory	32,506	(3,250)	(30,348)
Other current assets	40,754	3,431,640	(3,215,702)
Other receivables	434,689	2,425,003	(3,268,571)
Accounts payable and accrued liabilities			352,600
Pledged deposits and other non-current assets	46,169	414,265	359,202
Customer Pledged assets	(7,431)
Unearned income	334,902	(58,249)	7,915
Tax payable	719,396	847,043	1,029,919
Accrued expenses and other liabilities	229,367	449,971	(1,079,811)
Operating lease liabilities	(93,412)	(76,102)	(207,891)
Net Cash Provided by (Used in) Operating Activities	619,613	8,641,873	(7,669,402)
Cash Flows from Investing Activities:
Proceeds of loans repayment from third parties	13,812,156	20,499,442
Loans advanced to third parties	(17,947,789)	(26,100,286)	(3,467,607)
Purchases of property and equipment	(1,249)	(54,569)
Net inflow related to deconsolidation of subsidiaries		788	61,121
Redemption of short-term investment			8,690,374
Due to (from) related party	88,085	(70,169)	210,774
Proceeds from sale of property and equipment		40,305	837,969
Net Cash (Used in) Provided by Investing Activities	(4,048,797)	(5,684,489)	6,332,631
Cash Flows from Financing Activities:
Proceeds from bank loans	5,645,702	5,889,179	8,341,311
Repayment of bank loans	(11,291,425)	(8,927,555)
Repayment of third-party loans			(280,268)
Net Cash (Used in) Provided by Financing Activities	(5,645,723)	(3,038,376)	8,061,043
Effect of exchange rate changes on cash, cash equivalents, and restricted cash in banks	(1,481,872)	701,642	1,372,684
Net increase in cash, cash equivalents, and restricted cash in banks	(10,556,779)	620,650	8,096,956
Cash, cash equivalents, and restricted cash in banks at beginning of year	22,539,365	21,918,715	13,821,759
Cash, cash equivalents, and restricted cash in banks at end of year	11,982,586	22,539,365	21,918,715
Supplemental Cash Flow Information
Cash paid for interest expense	221,538	269,400
Cash paid for income tax
Noncash investing activities
Right of use assets obtained in exchange for operating lease obligations	$ 117,492		$ 233,744

Consolidated Balance Sheets	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
ASSETS
Cash and cash equivalents	$ 645,363	$ 1,947,142
Restricted cash	11,337,223	20,592,223
Guarantee deposit	8,409,210	9,101,466
Accounts receivable, net	8,200,172	6,929,529
Inventories		33,598
Loan receivables due from third parties, net	25,536,222	23,751,471
Due from related parties	10,280	5,941
Prepayments	26,648	70,910
Other receivables, net	188,395	656,835
Total current assets	54,353,513	63,089,115
Pledged deposits		48,752
Property and equipment, net	50,518	77,073
Intangible assets, net	2,009,297	3,123,394
Right of use assets	72,846	37,313
Goodwill	246,998	267,331
Total non-current assets	2,379,659	3,553,863
Total Assets	56,733,172	66,642,978
LIABILITIES
Customer pledged deposits		7,846
Unearned income	393,742	72,523
Reserve for financial guarantee losses	330,096	651,341
Dividends payable	480,000	480,000
Tax payable	3,117,234	2,614,257
Due to related parties	215,541	123,117
Warrant liabilities		16,998
Operating lease liabilities, current portion	57,944	65,498
Accrued expenses and other liabilities	1,336,968	1,155,903
Bank loans		5,961,460
Total current liabilities	5,931,525	11,148,943
Operating lease liabilities, noncurrent portion	30,091
Deferred tax liabilities	177,098	544,355
Total non-current Liabilities	207,189	544,355
Total Liabilities	6,138,714	11,693,298
Commitments and Contingencies
Shareholders’ Equity
Ordinary Share, no par value, unlimited shares authorized; 25,287,851 and 25,287,851 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively
Additional paid-in capital	3,312,189	3,312,189
Statutory reserve	472,706	362,797
Accumulated deficit	(15,954,058)	(14,805,802)
Accumulated other comprehensive income	445,517	3,128,086
Total Roan Holdings Group Co., Ltd.’s Shareholders’ Equity	31,762,213	34,796,729
Noncontrolling interests	18,832,245	20,152,951
Total Equity	50,594,458	54,949,680
Total Liabilities and Equity	56,733,172	66,642,978
Class A Convertible Preferred Shares
Shareholders’ Equity
Convertible preferred shares, value	12,398,127	11,711,727
Class B Convertible Preferred Shares
Shareholders’ Equity
Convertible preferred shares, value	$ 31,087,732	$ 31,087,732