XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flow from operating activities:    
Net income $ 284,505 $ 39,425
Adjustments to reconcile net income to net cash generated from operating activities:    
Depreciation of plant and equipment 5,798 637
Change in operating assets and liabilities:    
Accounts receivable (543,639) 0
Deferred tax liabilities (3,431) 6,204
Tax payable 25,164 0
Accounts payable 271,812 0
Accrued liabilities and other payables (10,708) 0
Net cash provided by operating activities 29,501 46,266
Cash flow from investing activities:    
Purchase of property, plant and equipment 0 38,220
Net cash used in investing activities 0 (38,220)
Cash flow from financing activities:    
Amount due to a director 2,062 0
Net cash provided by financing activities 2,062 0
Foreign currency translation adjustment (16,188) (23)
Net change in cash and cash equivalents 15,375 8,023
BEGINNING OF PERIOD 31,380 100
END OF PERIOD 46,755 8,123
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 0 0
Cash paid for interest $ 0 $ 0