XML 17 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net Loss available to common shareholders $ (38,815) $ (94,754)
Adjustments to reconcile net cash provided by operating activities    
Depreciation 2,171 2,048
Stock compensation 4,800 7,200
Imputed interest 17,145  
Changes in operating assets and liabilities    
Accounts receivable (9,702) 1,767
Other receivables (2,770) (10,987)
Advance to suppliers 1,981
Inventory 11,892
Right-of-use asset 9,353 (12,828)
Accounts payable and accrued liabilities 37,969 39,282
Advance from customers (5,637) 11,575
Taxes payable 302 146
Other payables (6,368) 48,387
Lease liability (9,353) 12,828
Net cash provided by (used in) operating activities 10,987 6,645
Cash flows from investing activities    
Acquisition of plant and equipment (2,253)
Net cash used in investing activities (2,253)
Effect of exchange rate fluctuation on cash and cash equivalents (332) 217
Net increase (decrease) in cash 10,655 4,609
Cash and cash equivalents at beginning of period 11,585 9,137
Cash and cash equivalents at ending of period 22,240 13,746
Supplemental disclosure of cash flow information    
Interest paid
Income taxes paid