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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss)/profit $ (69,066) $ 17,066
Adjustments to reconcile net (loss)/profit to net cash (used in)/generated from operating activities:    
Amortization of right of use asset 3,972 4,341
Depreciation of property, plant and equipment 20,897 22,307
Dividend income (8,692) (7,230)
Fair value loss/(gain) on other investments (37,399) 3,779
Gain on disposal of other investments (4) 0
Operating (loss)/profit before working capital changes (90,292) 40,263
Changes in operating assets and liabilities:    
Inventories 78,171 (126,988)
Trade and other receivables 335,512 330,316
Deferred cost of revenue 0 67,606
Trade and other payables (433,061) (208,629)
Advance payment from customer (7,801) (30,200)
Deferred revenue 0 (77,276)
Operating lease liabilities (4,366) (5,007)
Tax recoverable 3,540 (27,924)
Net cash used in operating activities (118,297) (37,839)
Cash flows from investing activities:    
Acquisition of other investment (13,646) (172,172)
Dividend income 8,692 7,230
Purchase of plant and equipment (102) (32,191)
Net cash used in investing activities (5,056) (197,133)
Foreign currency translation adjustment (22,299) (44,625)
NET CHANGE IN CASH AND CASH EQUIVALENTS (145,652) (279,597)
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL YEAR 2,118,864 2,123,919
CASH AND CASH EQUIVALENTS, END OF FINANCIAL YEAR 1,973,212 1,844,322
CASH AND CASH EQUIVALENTS INFORMATION:    
Fixed deposits placed with financial institutions 1,566,425 1,237,472
Cash at bank 406,787 606,850
Cash and cash equivalents, end of financial year 1,973,212 1,844,322
Supplementary cash flow information:    
Interest paid (2,445) (3,326)
Income taxes paid $ (12,438) $ (41,946)