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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net profit/(loss) including non-controlling interest $ 703,813 $ 95,138
Adjustment to reconcile net profit/(loss) from operations:    
Depreciation expense 88,276 78,170
Changes in Operating Assets and Liabilities    
Inventory (3,330) (9,172)
Prepaid tax (198,706) 92,828
Accounts receivables and deposits (61,582) 9,990
Deferred tax assets 10,211 0
Accounts payable and accrued expenses 232,893 48,014
Income tax payable 0 0
Other payables (42,668) 29,764
Advance from customers 0 0
Net cash provided by operating activities 728,908 344,732
Cash flows from investing activity    
Purchase of property and equipment (53,185) (82,872)
Advances received from/(made to) related parties 0 0
Net cash provided by used in investing activity (53,185) (82,872)
Cash flows from financing activities    
Proceeds from common stock issued and to be issued 0 0
Proceeds/(Repayment) to related party, net (726,690) (147,797)
Proceeds/(Repayments) from loan, net (67,532) 18,865
Net cash used in financing activities (794,222) (128,932)
Effect of exchange rate changes (2,720) 2,318
Net increase (decrease) in cash and cash equivalents (121,219) 135,247
Cash and cash equivalents at beginning of period 171,678 36,431
Cash and cash equivalents at end of period 50,459 171,678
Supplemental disclosures of cash flow information    
Interest paid 17,142 24,033
Income taxes (refund)/paid $ 198,706 $ (92,828)