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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and bank balances $ 2,199,847 $ 2,623,965
Fixed deposits placed with financial institutions 3,214,186 3,305,371
Trade receivables 987,962 799,674
Other receivables, deposits and prepayments 400,830 122,432
Tax Recoverable 7,041 57,588
Inventories 1,033,003 1,137,770
Total current assets 7,842,869 8,046,800
NON-CURRENT ASSETS    
Operating lease right of use assets 241,700 141,544
Property, plant and equipment, net 1,347,600 1,511,618
Other investments 1,707,558 1,699,831
Total non-current assets 3,296,858 3,352,993
TOTAL ASSETS 11,139,727 11,399,793
CURRENT LIABILITIES    
Trade payables 954,785 1,402,180
Other payables and accrued liabilities 169,883 180,912
Current portion of operating lease liabilities 53,210 34,632
Advance payment from customer 5,937 0
Amount owing to directors 215,543 13,199
Total current liabilities 1,399,358 1,630,923
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 182,697 98,763
Deferred tax liabilities 11,918 12,255
Total non-current liabilities 194,615 111,018
TOTAL LIABILITIES 1,593,973 1,741,941
STOCKHOLDERS' EQUITY    
As at June 30, 2024, 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, 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 (on a post-reverse stock split basis)*. 17,191,315 17,191,315
Additional paid in capital (5,011,891) (5,011,891)
Accumulated deficit (1,748,931) (1,844,278)
Other comprehensive losses (884,739) (677,294)
TOTAL STOCKHOLDERS' EQUITY 9,545,754 9,657,852
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,139,727 $ 11,399,793