XML 19 R5.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (1,315,508) $ (60,166)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 41,621 38,685
Amortization 4,490 4,308
Non-cash lease expenses 2,678 1,369
Amortization of deferred financing expenses 309,701 0
Share issued for services rendered 200,000 0
Change in operating assets and liabilities:    
Accounts receivable, related party 0 38,541
Accounts receivable (19,078) 0
Inventories 17,617 (9,252)
Deposit, prepayments and other receivables (56,183) (41,144)
Accrued liabilities and other payables 375,189 153,643
Accrued consulting and service fee 300,000 0
Right-of-use assets and lease liabilities (41,335) (39,871)
Net cash (used in) provided by operating activities (180,808) 86,113
Cash flows from investing activities:    
Purchase of property and equipment (2,216) (5,536)
Addition of intangible assets (2,551)
Net cash used in investing activities (2,216) (8,087)
Cash flows from financing activities:    
Advances from related parties 165,549 (103,654)
Net cash provided by (used in) financing activities 165,549 (103,654)
Foreign currency translation adjustment 7,522 (1,971)
Net change in cash and cash equivalents (9,953) (27,599)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 14,864 42,463
CASH AND CASH EQUIVALENTS, END OF YEAR 4,911 14,864
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes
Cash paid for interest 0 0
Lease obligation and Right-of-use asset $ 33,638 $ 78,686