XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
8 Months Ended 12 Months Ended
Dec. 31, 2019
Apr. 30, 2019
Apr. 30, 2018
Cash flows from Operating Activities      
Net loss $ (362,244) $ 26,113 $ (18,910)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation of property, plant and equipment 9,672 1,026 1,446
Impairment loss on good will 299,242
Change in operating assets and liabilities:      
Prepayments 45,207 (10,800)
Other receivable 6,234
Trade payable 296
Accrued liabilities and other payable 228,604 11,255
Deferred revenue 36,841
Income tax payable 29,122 6,941
Net cash used in operating activities 292,974 34,535 (17,464)
Cash flows from investing activities:      
Purchase of property, plant and equipment (18,164) (6,150)
Acquisition of a subsidiary (78,868)
Net cash used in investing activities (97,032) (6,150)
Cash flows from Financing Activities      
Advances from a shareholder 58,159 99,937
Proceeds of loan from shareholder 2,025 7,850
Repayment on loan from former shareholder (4,822)
Repayment of lease liability (1,223)
Proceeds from issuance of common and preferred stocks 24,838 25,200
Change in non-controlling interest 128,316
Net cash provided in financing activities 185,252 121,978 33,050
Effect on exchange rate change on cash and cash equivalents 10,790
NET CHANGE IN CASH AND CASH EQUIVALENTS 391,984 156,513 9,436
BEGINNING OF PERIOD/YEAR 170,519 14,006 4,570
END OF PERIOD/YEAR 562,503 170,519 14,006
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest  
Income Taxes 425
NON-CASH FINANCING TRANSACTIONS      
Exchange of property, plant and equipment for settlement of debt   3,678
Gain on settlement of debt $ 3,603