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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and bank balances $ 406,787 $ 611,849
Fixed deposits placed with financial institutions 1,566,425 1,507,015
Trade receivables 2,528,746 2,868,364
Other receivables, deposits and prepayments 29,346 25,240
Tax recoverable 27,823 31,551
Inventories 899,636 977,807
Total current assets 5,458,763 6,021,826
NON-CURRENT ASSETS    
Operating lease right of use assets 51,436 55,730
Property, plant and equipment, net 1,481,767 1,511,708
Other investments 1,194,675 1,150,898
Total non-current assets 2,727,878 2,718,336
TOTAL ASSETS 8,186,641 8,740,162
CURRENT LIABILITIES    
Trade payables 1,493,774 1,861,015
Other payables and accrued liabilities 37,550 103,370
Current portion of operating lease liabilities 16,733 16,569
Advance payment from customer 15,322 23,123
Total current liabilities 1,563,379 2,004,077
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 35,676 40,206
Deferred tax liabilities 30,678 30,866
Total non-current liabilities 66,354 71,072
TOTAL LIABILITIES 1,629,733 2,075,149
STOCKHOLDERS' EQUITY    
As at March 31, 2023, common stock, no par value; 300,000,000 shares authorized and 173,718,152 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding. As at December 31, 2022, common stock, no par value; 300,000,000 shares authorized and 173,718,152 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding. 10,929,574 10,779,574
Additional paid in capital (5,011,891) (5,011,891)
Accumulated surplus 1,087,326 1,156,392
Accumulated other comprehensive losses (448,101) (409,062)
TOTAL STOCKHOLDERS' EQUITY 6,556,908 6,665,013
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,186,641 $ 8,740,162