XML 18 R5.htm IDEA: XBRL DOCUMENT v3.23.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (140,360) $ (181,959)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation - Property and equipment 646 460
Depreciation - Right-of-use assets 9,825 9,816
Amortization 1,123 1,122
Non-cash lease expenses 371 845
Amortization of deferred financing cost 100,625 14,583
Change in operating assets and liabilities:    
Accounts receivable (12,795) 0
Inventories 0 (874)
Deposit, prepayments and other receivables 2,798 (4,664)
Accrued liabilities and other payables (266,188) 226,086
Advances received from customer 289,369 0
Accrued consulting and service fees 0 200,000
Right-of-use assets and lease liabilities (10,333) (9,478)
Net cash (used in) provided by operating activities (24,919) 255,937
Cash flows from financing activity:    
Advances from related parties 24,773 134,848
Net cash provided by financing activity 24,773 134,848
Foreign currency translation adjustment (3,020) 10,309
Net change in cash and cash equivalents (3,166) 401,094
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 4,911 14,864
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,745 415,958
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 0 0
Cash paid for interest $ 0 $ 0