XML 15 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (570,025) $ (525,025)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 1,735 388
Operating lease expense 28,750
Changes in operating assets and liabilities:    
Share subscription receivables (10,128)
Accounts receivable 47,847
Prepayments, deposits and other receivables 27,806 (33,700)
Receipts in advance 37,929 13,808
Operating lease liabilities (31,502)
Accounts payable 4,373
Other payables and accrued liabilities (50,560) (2,247)
Net cash used in operating activities (503,647) (556,904)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (38,680)
Net cash provided by (used in) investing activities (38,680)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from share issuance 15,294
Advance from related parties 1,212 544,103
Advance to a director (42,225) 6,834
Net cash provided by (used in) financing activities (41,013) 566,231
Effect of exchange rate changes on cash and cash equivalents 12,321 (334)
Net change in cash and cash equivalents (571,019) 8,993
Cash and cash equivalents, beginning of period 795,618 10,979
CASH AND CASH EQUIVALENTS, END OF PERIOD 224,599 19,972
SUPPLEMENTAL CASH FLOWS INFORMATION    
Cash paid for income taxes
Cash paid for interest paid