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NOTE 13 - JOINT VENTURE: Summarized financial information for joint venture - Balance Sheets (Tables)
6 Months Ended
Jun. 30, 2022
Tables/Schedules  
Summarized financial information for joint venture - Balance Sheets

 

Balance Sheets:

 

June 30, 2022

 

December 31, 2021

 

 

 

(unaudited)

 

(audited)

 

Property, plant and equipment, net

 

$

3,110

 

$

3,676

 

Other receivables and prepaid

 

 

9,310

 

 

8,920

 

Inventory

 

 

5,833,272

 

 

4,181,874

 

Cash and cash equivalents

 

 

311,923

 

 

1,379,175

 

Total assets

 

 

6,157,615

 

 

5,573,645

 

 

 

 

 

 

 

 

 

Other payable to shareholder

 

 

(4,358,598

)

 

(4,265,052

)

Customer deposit

 

 

(5,587,176

)

 

(4,885,447

)

Total liabilities

 

 

(9,945,774

)

 

(9,150,499

)

 

 

 

 

 

 

 

 

Net liabilities

 

$

(3,788,159

)

$

(3,576,854