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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (863,172) $ (1,334,501)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation expenses 54,529 81,608
Amortization of intangible assets 8,152 8,152
Gain on fair value change of financial assets held for trading (4,266) (3,199)
Consultancy services settled by equities 0 521,100
Share-based compensation 30,165 132,955
Changes in operating assets and liabilities:    
Accounts receivable, net 31,923 4,273
Inventories 0 1,343
Advance to suppliers 0 0
Prepaid expenses and other assets, net (399) (2,054)
Other non-current assets 69 (4,865)
Notes payable 0 0
Accounts payable 0 (2,631)
Advance receipts 0 (42,492)
Other payables and accrued liabilities 33,217 (9,387)
Income tax payable 51,739 (190)
Amount due from a related party 0 0
Net cash used in operating activities (658,042) (649,888)
Cash flows from investing activities:    
Purchase of property and equipment (956) (857,870)
Purchase of financial assets at FVTPL 0 (200,000)
Proceeds from disposal of financial assets at FVTPL 212,963 0
Net cash provided by (used in)  investing activities 212,007 (1,057,870)
Cash flows from financing activities:    
Repayment of short-term bank loan (478,361) (81,034)
Cash acquired from acquisition of subsidiaries 433,678 0
Net cash used in financing activities (44,683) (81,034)
Effect of exchange rate changes on cash and cash equivalents (152,438) (1,100)
Net decrease in cash and cash equivalents (643,157) (1,789,891)
Cash and cash equivalents at beginning of period 1,229,580 2,906,074
Cash and cash equivalents at end of period 586,423 1,116,183
Supplemental disclosures of cash flow information    
Cash paid for interest expenses 0 0
Cash paid for Income taxes $ 0 $ 0