XML 23 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net (loss) profit $ (149,377) $ 213,627
Adjustments to reconcile loss to net cash used in operations    
Depreciation 0 2,312
Waiver of consultancy service fee   0
Gain on disposal of property, plant and equipment 0 (247,518)
(Increase) decrease in:    
Accounts receivable from related parties 0 (706)
Deposits and prepayment 329 73
Inventory 0 4,895
Increase (decrease) in:    
Accounts payable 49 877
Accrued liabilities and other payables 89,600 9,787
GST payable (0) (250)
Advanced from sub-contractor & related parties (97,165) (12,659)
Deposit received from customer 0 0
Net cash used in by operating activities (156,564) (29,562)
Cash flows from financing activities:    
Repayments of bank loans (191) (595)
Proceeds from issuance of common stock 0 0
Net cash (used in) provided by financing activities (191) (595)
Net (decrease)increased in cash and cash equivalent (156,755) (30,157)
Effect of exchange rate changes on cash 160,586 47,549
Net (decrease)increase in cash and cash equivalents 3,831 17,392
Cash and cash equivalents at beginning of period 10,662 10,032
Cash and cash equivalents at end of period 14,493 27,424
Supplementary cash flow information    
Income taxes paid 0 0
Interest paid 1 30
Supplementary non-cash information    
Reorganization 0 0
Issuance of common stock $ 0 $ 0