XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (190,518) $ 83,840
Adjustments to reconcile net (loss) income to net cash used in operating activities    
Depreciation 2,702 2,608
Imputed interests 11,129 (4,582)
Changes in operating assets and liabilities:    
Deposits, prepayments, and other receivables (61,048) (5,957)
Accounts payable (14,177) (6,639)
Accrued liabilities and other payable 76,375 52,858
Receipts in advance (82,269)
Deferred revenues (108,420) 1,298,997
Income tax payable  
Operating lease right-of-use assets 44,138 (465,102)
Operating lease liabilities (45,531) 449,608
Net cash (used in) provided by operating activities (285,350) 1,323,362
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advance from (repayment from) related parties 210,344 (684,138)
Advance from (repayment from) a director (933,482)
Net cash used in financing activities 210,344 (1,617,620)
Effect of exchange rate changes on cash and cash equivalents 201 2,857
Net change in cash and cash equivalents (74,805) (291,401)
Cash and cash equivalents, beginning of period 559,119 824,733
CASH AND CASH EQUIVALENTS, END OF PERIOD 484,314 533,332
SUPPLEMENTAL CASH FLOWS INFORMATION    
Cash paid for income taxes
Cash paid for interest paid