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CONSOLIDATED STATEMENTS OF CASH FLOWS
6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Cash flows from operating activities:    
Net loss $ (742,999) $ (156,270)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6,527 730
Share-based compensation 576,000
Changes in operating assets and liabilities:    
Accounts receivable (475,249)
Inventories (41,415)
Prepaid expenses and other current assets 2,167 (93,859)
Accounts payable and accrued liabilities 426,813 250
Net cash used in operating activities (248,156) (249,149)
Cash flows from investing activities:    
Purchase of equipment (7,957)
Cash obtained from business acquisition 7
Net cash used in investing activities (7,950)
Cash flows from financing activities:    
Proceeds from shareholder loans 30,378 82,107
Proceeds from loans due to third parties 134,481
Repayments to shareholder loans (29,299)
Repayments of loans due to third parties (12,990)
Proceeds from common stock issuance 67,234 190,725
Net cash provided by financing activities 189,804 272,832
Effect of exchange rate changes on cash and cash equivalents (1,230) (6,816)
Net increase (decrease) in cash and cash equivalents (59,582) 8,917
Cash and cash equivalents, beginning balance 68,121
Cash and cash equivalents, ending balance 8,539 8,917
Supplemental Disclosures:    
Interest paid
Income tax paid
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Acquisition of Hangzhou Longwen Enterprise Management with shareholder loan 993
Repayment of loans from third parties and interest by a related party on behalf of the Company 14,050
Common stocks issuable for deferred compensation $ 74,000