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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (1,818,043) $ (366,785)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation of property, plant and equipment 22,090 18,489
Amortization of right-of-use assets 17,082
Interest expense 7,343
Investment loss 32,486
Loss on loan settlement 1,170,309
Change in operating assets and liabilities:    
Accounts receivable (15,182) (34,000)
Deposits and prepayments (174,734) (64,749)
Other receivable (28,074) (10,613)
Inventory (23,707)
Other non-current assets (64,560)
Deferred revenue 19,760 (20,335)
Accounts payable 29,938 709
Accrued liabilities and other payables 54,028 (204,292)
Income tax (25,000) (9,031)
Lease liabilities (71,849) (2,511)
Net cash used in operating activities (868,113) (693,118)
Cash flows from investing activities:    
Investment in a subsidiary (120,764)
Purchase of property, plant and equipment (62,895)
Net cash used in investing activities (183,659)
Cash flows from financing activities:    
Proceeds from related parties 348,287
Repayment to related parties (234,034)
Proceeds from loans 927,087
Net cash provided by financing activities 693,053 348,287
Effect on exchange rate change on cash and cash equivalents 174 (2,340)
NET CHANGE IN CASH AND CASH EQUIVALENTS (358,545) (347,171)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 504,179 562,503
CASH AND CASH EQUIVALENTS - END OF PERIOD 145,634 215,332
Supplemental Cash Flows Information:    
Cash paid for interest 490 740
Cash paid for income tax 9,031
Supplemental Disclosure of Non-Cash Flows Information:    
Common stock issued for loan settlement $ 2,097,396