XML 45 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (210,392) $ (192,691)  
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation 2,412 62 $ 62
Operating lease expense 14,260  
Changes in operating assets and liabilities:      
Accounts receivable 25,329  
Prepayments, deposits and other receivables 19,847 (777)  
Operating lease ROU assets (13,246)  
Operating lease liabilities 14,778 (15,844)  
Accounts payable 16,232 22,939  
Amount due to a related company 38,539  
Income tax payable (5,639)  
Other payables and accrued liabilities 33,315 35  
Net cash used in operating activities (104,154) (146,687)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
(Repayment to)/Advances from related parties (386,616) 1,185  
Repayment to a director (5,318) (53,222)  
Net cash used in financing activities (391,934) (52,037)  
Effect of exchange rate changes on cash and cash equivalents (4,158) 21,179  
Net change in cash and cash equivalents (500,246) (177,545)  
Cash and cash equivalents, beginning of period 1,106,420 795,618 795,618
CASH AND CASH EQUIVALENTS, END OF PERIOD 606,174 618,073 $ 1,106,420
SUPPLEMENTAL CASH FLOWS INFORMATION      
Cash paid for income taxes  
Cash paid for interest paid