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Consolidated Statements of Cash Flow - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 108,418 $ 135,847 $ (138,532)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation of plant and equipment 31,173 100,533 166,709
Amortization of right-of-use assets 198,535 203,411 175,830
Loss on disposal of plant and equipment 114,013
Provision of expected credit loss allowance 625 10,777 6,717
Interest expense 46,179
Waiver of related party balance (88,151)
Directors’ remuneration 240,000 200,000
Legal and professional fee 27,320
Provision for income taxes 208,141
Changes in operating assets and liabilities:      
Accounts receivable 1,166 129,922 56,183
Inventories (80,665) (7,219) 1,352
Deposit and other receivables, net (448,266) (15,197) 10,987
Accounts payable 71,362 58,752 (60,989)
Accrued liabilities and other payables (51,167) 190,689 79,853
Contract liabilities (1,352,231) 548,010 812,158
Operating lease liabilities (230,433) (175,132) (148,677)
Finance lease liabilities (19,476) (19,476)
Tax paid (12,170) 290,887
Net cash (used in) provided by operating activities (1,766,135) 1,710,901 1,433,002
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of plant and equipment (69,848) (94,452) (16,575)
Net cash used in investing activities (69,848) (94,452) (16,575)
CASH FLOWS FROM FINANCING ACTIVITIES      
Amount due from A SPAC I (140,000)
Finance lease (9,317) (19,476) (17,221)
Other borrowings, net 128,204 512,821
Issuance of shares 192,308
Interest paid (24,704)
Amount with related parties 1,863,206 (1,742,509) (2,039,969)
Net cash provided by (used in) financing activities 1,881,493 (1,633,781) (1,544,369)
Net increase/(decrease) in cash and cash equivalents 45,510 (17,332) (127,942)
Effect of foreign currency translation on cash and cash equivalents (18,962) 16,124 50,514
Cash and cash equivalents, beginning of year 27,556 28,764 106,192
Cash and cash equivalents, end of year 54,104 27,556 28,764
Supplementary cash flow information:      
Taxes paid (12,170) (3,829)
Interest paid $ (24,704) $ (55,469) $ (65,582)