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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (103,757) $ (69,066)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of right of use asset 9,448 3,972
Allowances for expected credit losses 120,469 0
Recovered for expected credit losses (31,752) 0
Depreciation of property, plant and equipment 20,138 20,897
Dividend incomes (8,946) (8,692)
Fair value gain on other investments (40,488) (37,399)
Gain on disposal of other investments (6,181) (4)
Interest 2,711 1,779
Operating loss before working capital changes 38,358 88,513
Changes in operating assets and liabilities:    
Inventories 60,817 78,171
Trade and other receivables (112,473) 335,512
Trade and other payables 55,227 (433,061)
Advance payment from customer 5,578 (7,801)
Operating lease liabilities (12,041) (4,366)
Tax recoverable 6,808 3,540
Net cash used in operating activities (34,442) (116,518)
Cash flows from investing activities:    
Acquisition of other investment (174,247) (13,646)
Dividend income 8,946 8,692
Purchase of plant and equipment (21,945) (102)
Proceeds from disposal of other investments 211,344 0
Net cash generated from/(used in) investing activities 24,098 (5,056)
Cash flows from financing activities:    
Interests 2,711 1,779
Advances from Directors 26,930 0
Net cash generated from/(used in) financing activities 24,219 (1,779)
Foreign currency translation adjustment (111,030) (22,299)
NET CHANGE IN CASH AND CASH EQUIVALENTS (97,155) (145,652)
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL PERIOD/YEAR 5,929,336 2,118,864
CASH AND CASH EQUIVALENTS, END OF FINANCIAL PERIOD/YEAR 5,832,181 1,973,212
CASH AND CASH EQUIVALENTS INFORMATION:    
Fixed deposits placed with financial institutions 3,342,966 1,566,425
Cash at bank 2,489,215 406,787
Cash and cash equivalents, end of financial period/year 5,832,181 1,973,212
Supplementary cash flow information:    
Interest paid (4,661) (2,445)
Income tax paid $ (14,517) $ (12,438)