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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net (loss)/profit $ (198,997) $ 662,328
Adjustments to reconcile net (loss)/profit to net cash (used in)/generated from operating activities:    
Amortization of right of use asset 12,754 13,211
Depreciation of property, plant and equipment 66,608 68,488
Dividend income (34,523) (13,477)
Fair value loss on other investments 128,683 19,952
Loss on disposal of other investments 1,798 0
Operating (loss)/profit before working capital changes (23,677) 750,502
Changes in operating assets and liabilities:    
Inventories 425,972 (311,509)
Trade and other receivables 638,401 (198,553)
Deferred cost of revenue 67,606 0
Trade and other payables (769,436) (787,451)
Advance payment from customer (21,810) 0
Deferred revenue (77,276) 0
Operating lease liabilities (17,009) (15,836)
Tax recoverable (153,209) 89,001
Net cash generated from/(used in) operating activities 69,562 (473,846)
Cash flows from investing activities:    
Acquisition of other investment (397,974) (432,293)
Dividend income 34,523 13,477
Purchase of plant and equipment (37,144) (1,883)
Proceeds from disposal of other investments 0 6,414
Net cash used in investing activities (400,595) (414,285)
Cash flows from financing activities:    
Repayment of finance lease (34,038) (21,343)
Repayments from Directors 0 (1,920)
Shares subscriptions 150,000 0
Net cash generated from/(used in) financing activities 115,962 (23,263)
Foreign currency translation adjustment (446,579) (175,902)
NET CHANGE IN CASH AND CASH EQUIVALENTS (661,650) (1,087,296)
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL YEAR 2,123,919 2,787,692
CASH AND CASH EQUIVALENTS, END OF FINANCIAL YEAR 1,462,269 1,700,396
CASH AND CASH EQUIVALENTS INFORMATION:    
Fixed deposits placed with financial institutions 984,088 1,027,466
Cash at bank 478,181 672,930
Cash and cash equivalents, end of financial year 1,462,269 1,700,396
Supplementary cash flow information:    
Interest paid (7,717) (8,987)
Income taxes paid $ (123,599) $ (94,373)