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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities:    
Net income $ 706,445 $ 37,700
Adjustments to reconcile net income to net cash generated from operating activities    
Depreciation of plant and equipment 7,736 2,553
Stock-based compensation for services 129,600 0
Change in operating assets and liabilities:    
Accrued liabilities and other payables (30,643) 23,000
Income tax payable 0 232
Deferred tax liabilities (1,276) 5,897
Net cash generated from operating activities 811,862 69,382
Cash flow from investing activities:    
Purchases of plant and equipment 0 (38,525)
Net cash used in investing activities 0 (38,525)
Foreign currency translation adjustment (11,091) 423
Net change in cash and cash equivalents 800,771 31,280
BEGINNING OF YEAR 31,380 100
END OF YEAR 832,151 31,380
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 0 0
Cash paid for interest $ 0 $ 0