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Consolidated Statement of Cash Flows (Not Reviewed) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income/(loss) $ (107,324) $ (3,150)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation 4,110 4,576
Net difference on foreign exchange 5,974 5,090
Net changes in operating assets and liabilities    
(Increase)/decrease in trade and other receivables (40) 61,396
Increase/(decrease) in trade and other payables (13,068) (47,017)
Decrease in deferred tax asset (5,178) 8,609
Net cash (used in)/provided by operating activities (115,526) 29,504
Cash flows from investing activities    
Payments for property, plant and equipment 0 0
Net cash used in investing activities 0 0
Cash flows from financing activities    
Proceed/(Repayment) of borrowings 215,870 (6,851)
Proceed from stock issuance 140,505 0
Advances from related entities (76,135) (9,322)
Payment of finance lease liabilities (19,255) (19,473)
Net cash (used in)/ provide by financing activities 260,985 (35,647)
Net increase/(decrease) in cash and cash equivalents 145,459 (6,143)
Effect of exchange rate changes on cash and cash equivalents (132,549) (4,162)
Cash and cash equivalents at the beginning of period 1,077 4,192
Cash and cash equivalents at the end of period $ 13,987 $ 2,211