XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (251,805) $ (540,826)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 3,374
Imputed interests, net 56,760
Changes in operating assets and liabilities:    
Deposits, prepayments and other receivables (4,328) 9,892
Repayment from related parties 684
Accounts payable (1,799) (4,427)
Accrual and other payables (2,259) (62,355)
Receipts in advance (1,203) (44,367)
Income tax payable 1,782
Right-of-use assets (10,940) 119,088
Lease liabilities (2,336) (132,459)
Net cash used in operating activities (274,670) (592,854)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Funds advanced from the related parties 229,643 462,191
Repayment to a director 7,505 (3,887)
Net cash provided by financing activities 237,148 458,304
Effect of exchange rate changes on cash and cash equivalents (182) (3,593)
Net change in cash and cash equivalents (37,704) (138,143)
Cash and cash equivalents, beginning of period 266,542 454,980
CASH AND CASH EQUIVALENTS, END OF PERIOD 228,838 316,837
NON-CASH INVESTING AND FINANCING ACTIVITY    
Operating lease right-of-use asset obtained in exchange for operating lease obligation $ 43,350