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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (623,327) $ (103,757)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of right of use asset 13,379 9,448
Allowances for expected credit losses 40,124 120,469
Recovered for expected credit losses (25,153) (31,752)
Depreciation of property, plant and equipment 26,642 20,138
Dividend income (8,934) (8,946)
Fair value gain on investments in equity securities 63,983 (40,488)
Gain on disposal of investments in equity securities 0 (6,181)
Operating loss before working capital changes (513,286) (41,069)
Changes in operating assets and liabilities:    
Inventories 209,480 60,817
Trade and other receivables (112,615) (112,473)
Trade and other payables (317,522) 55,227
Advance payment from customer (73,915) 5,578
Operating lease liabilities (10,444) (12,041)
Tax (liabilities)/recoverable (5,770) 6,808
Net cash used in operating activities (824,072) (37,153)
Cash flows from investing activities:    
Acquisition of investments in equity securities 0 (174,247)
Dividend income 8,934 8,946
Change in fixed deposits placed with original maturities more than three months (15,528) (20,448)
Purchase of plant and equipment (9,052) (21,945)
Proceeds from disposal of investments in equity securities 0 211,344
Net cash (used in)/generated from investing activities (15,646) 3,650
Cash flows from financing activities:    
(Repayments)/Advances from Directors (860) 26,930
Net cash (used in)/generated from financing activity (860) 26,930
Foreign currency translation adjustment 43,050 (72,443)
NET CHANGE IN CASH AND CASH EQUIVALENTS (797,528) (79,016)
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL PERIOD 2,886,966 4,517,710
CASH AND CASH EQUIVALENTS, END OF FINANCIAL PERIOD 2,089,438 4,438,694
CASH AND CASH EQUIVALENTS INFORMATION:    
Fixed deposits placed with financial institutions with original maturities of three months or less 998,237 1,949,479
Cash at bank 1,091,201 2,489,215
Cash and cash equivalents, end of financial period 2,089,438 4,438,694
Supplementary cash flow information:    
Interest paid (1,545) (2,711)
Income tax paid $ (4,924) $ (14,517)