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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (683,841) $ (849,695)
Adjustments to reconcile net loss to net cash used in operating activities    
Interest expense 46,094 37,998
Depreciation 11,043 6,484
Bad debt expense 2,140
Changes in operating assets and liabilities:    
Accounts receivables 44,954
Deposit, prepayments, and other receivables 12,070 26,475
Operating lease ROU assets 49,455 49,147
Operating lease liabilities (55,083) (54,741)
Accounts payable 4,280 4,180
Accrual and other payable 172,985 (44,127)
Receipts in advance (140,317) 473,947
Deferred revenue 1,585,905
Income tax payable (5,646) 5,611
Net cash generated from/(used in) operating activities 996,945 (297,627)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of plant and equipment (1,355) (37,464)
Net cash used in investing activities (1,355) (37,464)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares 499,137
Interest payable (46,094)
(Repayment to)/advances from related parties (1,124,730) 235,291
Advances from holding companies 10,766
Advances from/(payment to) director 1,214 (84,224)
Net cash (used in)/provided by financing activities (1,158,844) 650,204
Effect of exchange rate changes on cash and cash equivalents (118,433) (4,311)
Net change in cash and cash equivalents (281,687) 310,802
Cash and cash equivalents, beginning of year 1,106,420 795,618
CASH AND CASH EQUIVALENTS, END OF YEAR 824,733 1,106,420
SUPPLEMENTAL CASH FLOWS INFORMATION    
Income taxes paid
Interest paid