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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and bank balances $ 2,061,716 $ 2,623,965
Fixed deposits placed with financial institutions 2,075,503 3,305,371
Trade receivables 1,425,343 799,674
Other receivables, deposits and prepayments 65,683 122,432
Tax Recoverable 22,132 57,588
Inventories 1,389,076 1,137,770
Total current assets 7,039,453 8,046,800
NON-CURRENT ASSETS    
Operating lease right of use assets 232,747 141,544
Property, plant and equipment, net 1,728,680 1,511,618
Other investments 1,994,175 1,699,831
Total non-current assets 3,955,602 3,352,993
TOTAL ASSETS 10,995,055 11,399,793
CURRENT LIABILITIES    
Trade payables 1,033,125 1,402,180
Other payables and accrued liabilities 292,135 180,912
Current portion of operating lease liabilities 48,214 34,632
Advance payment from customer 22,834 0
Amount owing to directors 18,561 13,199
Total current liabilities 1,414,869 1,630,923
NON-CURRENT LIABILITIES    
Non-current portion of operating lease liabilities 178,367 98,763
Deferred tax liabilities 13,646 12,255
Total non-current liabilities 192,013 111,018
TOTAL LIABILITIES 1,606,882 1,741,941
STOCKHOLDERS' EQUITY    
As at September 30, 2024, common stock, no par value; 300,000,000 shares authorized and 17,967,663 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)*. 17,332,315 17,191,315
Additional paid in capital (5,011,891) (5,011,891)
Accumulated deficit (3,094,301) (1,844,278)
Other comprehensive losses (162,050) (677,294)
TOTAL STOCKHOLDERS' EQUITY 9,388,173 9,657,852
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,995,055 $ 11,399,793