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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and bank balances $ 4,704,785 $ 611,849
Fixed deposits placed with financial institutions 1,442,098 1,507,015
Trade receivables 900,396 2,868,364
Other receivables, deposits and prepayments 110,793 25,240
Tax recoverable 3,838 31,551
Inventories 1,107,917 977,807
Total current assets 8,269,827 6,021,826
NON-CURRENT ASSETS    
Operating lease right of use assets 147,916 55,730
Property, plant and equipment, net 1,496,562 1,511,708
Other investments 1,551,217 1,150,898
Total non-current assets 3,195,695 2,718,336
TOTAL ASSETS 11,465,522 8,740,162
CURRENT LIABILITIES    
Trade payables 1,569,992 1,861,015
Other payables and accrued liabilities 29,776 103,370
Current portion of operating lease liabilities 33,897 16,569
Advance payment from customer 8,218 23,123
Tax payables 2,177 0
Total current liabilities 1,644,060 2,004,077
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 104,867 40,206
Deferred tax liabilities 28,880 30,866
Total non-current liabilities 133,747 71,072
TOTAL LIABILITIES 1,777,807 2,075,149
STOCKHOLDERS' EQUITY    
As at September 30, 2023, common stock, no par value; 300,000,000 shares authorized and 17,792,663 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 14,476,513 shares outstanding, and preferred stock, no par value; 30,000,000 shares authorized and no shares outstanding (on a post-reverse stock split basis)*. 17,281,315 10,929,574
Additional paid in capital (5,011,891) (5,011,891)
Accumulated (losses)/surplus (1,781,114) 1,156,392
Accumulated other comprehensive losses (800,595) (409,062)
TOTAL STOCKHOLDERS' EQUITY 9,687,715 6,665,013
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,465,522 $ 8,740,162