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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 84,458 $ 12,511
Prepayments and deposits 122,099 163,744
Other receivables 15,566 164,806
Accounts receivable 6,460 5,685
Amounts due from shareholders 1,250 1,250
Total current assets 229,833 347,996
NON-CURRENT ASSETS    
Deposits paid for acquisition of property, plant and equipment 307,200 319,787
Property, plant and equipment, net 97,790 108,319
Total non-current assets 404,990 428,106
TOTAL ASSETS 634,823 776,102
CURRENT LIABILITIES    
Accruals 198,991 70,766
Short-term loan 855,968 854,318
Bank overdrafts 12,098 13,739
Amounts due to directors 261,687 242,657
Total current liabilities 1,328,744 1,181,480
TOTAL LIABILITIES 1,328,744 1,181,480
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock: $0.0001 par value, 25,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.0001 per share; 75,000,000 shares authorized, 40,306,211 (December 31, 2020: 40,306,211) shares issued and outstanding as of March 31, 2021 7,801 7,801
Additional paid-in capital 3,207,635 3,207,635
Accumulated deficit (3,672,270) (3,356,283)
Accumulated other comprehensive loss (23,382) (93,472)
Total IWEB, Inc.'s stockholders' equity (480,216) (234,319)
Non-controlling interests (213,705) (171,059)
Total equity (693,921) (405,378)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 634,823 $ 776,102