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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and bank balances $ 853,198 $ 699,585
Fixed deposits placed with financial institutions 1,621,461 2,088,107
Trade receivables 3,593,663 3,996,802
Other receivables, deposits and prepayments 22,933 22,640
Tax Recoverable 2,624 2,190
Inventories 1,469,192 1,176,170
Total current assets 7,563,071 7,985,494
NON-CURRENT ASSETS    
Operating lease right of use asset, net 55,747 62,529
Property, plant and equipment, net 1,708,104 1,785,602
Other investments 571,609 281,668
Total non-current assets 2,335,460 2,129,799
TOTAL ASSETS 9,898,531 10,115,293
CURRENT LIABILITIES    
Trade payables 2,928,650 3,170,653
Other payables and accrued liabilities 38,269 95,882
Current portion of obligation under finance lease 22,843 25,048
Current portion of operating lease liabilities 16,793 20,702
Tax payables 28,874 61,313
Total current liabilities 3,035,429 3,373,598
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 39,911 42,377
Non-current portion of obligation under finance lease 28,948 35,292
Deferred tax liabilities 1,813 1,872
Total non-current liabilities 70,672 79,541
TOTAL LIABILITIES 3,106,101 3,453,139
STOCKHOLDERS' EQUITY    
As at March 31, 2021, common stock, no par value; 300,000,000 shares authorized and 171,218,152 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding. As at December 31, 2020, common stock, no par value; 300,000,000 shares authorized and 171,218,152 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding. 10,779,574 10,779,574
Additional paid in capital (5,011,891) (5,011,891)
Accumulated surplus 1,099,531 760,787
Other comprehensive (losses) /income (74,784) 133,684
TOTAL STOCKHOLDERS' EQUITY 6,792,430 6,662,154
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,898,531 $ 10,115,293