XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss from continuing operations $ (208,341) $ (117,078)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expenses 2,206 1,233
Changes in operating assets and liabilities:    
Deposit and prepayments (741,080) (2,605)
Other receivables (104,788)
Inventory (129,201)
Deferred revenue 997,298
Accrued liabilities and other payables 49,591 (36,507)
Net cash used in continuing operations (134,315) (154,957)
Net cash (used in) provided by discontinued operations (235,558) 82,318
Net cash used in operating activities (369,873) (72,639)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of intangible assets (7,236)
Cash from discontinued operation 32,185
Net cash used in continuing operations 32,185 (7,236)
Net cash (used in) provided by discontinued operations (75,967) 65,759
Net cash (used in) provided by investing activities (43,782) 58,523
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common and preferred stocks 50,000
Due from / (to) related parties (414,502) 50,585
Proceeds from loans 549,100
Net cash provided by continuing operations 134,598 100,585
Net cash provided by (used in) discontinued operations 282,419 (161,813)
Net cash provided by (used in) financing activities 417,017 (61,228)
Effect of exchange gain (loss) on cash and cash equivalents (5,777) 52,855
NET DECREASE IN CASH & CASH EQUIVALENTS (2,415) (22,489)
CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD 73,998 80,306
CASH & CASH EQUIVALENTS, END OF PERIOD 71,583 57,817
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS:    
Cash and cash equivalents 71,583 49,263
Cash and cash equivalents included in assets classified as held for sale 8,554
Total of cash and cash equivalents 71,583 57,817
Continuing operations:    
Cash paid for interest 17,355 66
Cash paid for income tax 9
Discontinued operations:    
Cash paid for interest 9,549
Cash paid for income tax
Continuing operations:    
Common stock issued for loan settlement $ 1,100,000 $ 52,000