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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and bank balances $ 2,623,965 $ 611,849
Fixed deposits placed with financial institutions 3,305,371 1,507,015
Trade receivables 799,674 2,868,364
Other receivables, deposits and prepayments 122,432 25,240
Tax recoverable 57,588 31,551
Inventories 1,137,770 977,807
Total current assets 8,046,800 6,021,826
NON-CURRENT ASSETS    
Operating lease right of use assets 141,544 55,730
Property, plant and equipment, net 1,511,618 1,511,708
Other investments 1,699,831 1,150,898
Total non-current assets 3,352,993 2,718,336
TOTAL ASSETS 11,399,793 8,740,162
CURRENT LIABILITIES    
Trade payables 1,402,180 1,861,015
Other payables and accrued liabilities 180,912 103,370
Current portion of operating lease liabilities 34,632 16,569
Advance payment from customer 0 23,123
Amount owing to director 13,199 0
Total current liabilities 1,630,923 2,004,077
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 98,763 40,206
Deferred tax liabilities 12,255 30,866
Total non-current liabilities 111,018 71,072
TOTAL LIABILITIES 1,741,941 2,075,149
STOCKHOLDERS' EQUITY    
As at December 31, 2023, common stock, no par value; 300,000,000 shares authorized and 17,667,663 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 17,191,315 10,929,574
Additional paid in capital (5,011,891) (5,011,891)
Accumulated surplus (1,844,278) 1,156,392
Accumulated other comprehensive losses (677,294) (409,062)
TOTAL STOCKHOLDERS' EQUITY 9,657,852 6,665,013
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,399,793 $ 8,740,162