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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 609,616 $ 537,738
Account receivables, net 1,068,287 681,449
Contract assets, net 1,037,458 943,369
Retention receivables – current, net 2,216 67,549
Other receivables 16,565
Other receivables – related parties 1,282 1,283
Advance and prepayments 159,741 16,625
Total current assets 2,878,600 2,264,578
Retention receivables – non-current, net 219,599 150,589
Plant and equipment, net 1,812 4,425
TOTAL ASSETS 3,100,011 2,419,592
LIABILITIES AND SHAREHOLDERS’ DEFICIT    
Short-term bank loans 455,103 258,539
Accounts payables 937,043 694,581
Other payables 47,730 76,119
Contract liabilities 867,132 227,371
Other payables – related parties 1,853,263 1,526,557
Total current liabilities 4,160,271 2,783,167
Bank loans – non-current 653,185 752,859
TOTAL LIABILITIES 4,813,456 3,536,026
Commitments and contingencies
Shareholders’ Deficit    
Ordinary share, no par value; 12,000,000 shares issued and outstanding as of December 31, 2022 and 2021. 2 2
Additional paid in capital 503,225 503,225
Accumulated deficit (2,221,822) (1,624,941)
Accumulated other comprehensive income 5,150 5,280
Total Shareholders’ Deficit (1,713,445) (1,116,434)
TOTAL LIABILTIES AND SHAREHOLDERS’ DEFICIT $ 3,100,011 $ 2,419,592