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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (231,750) $ 71,215
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Unrealized holding loss on marketable securities 18,538
Loss from equity investment 26,085
Gain on deemed disposal of shares in Investee Company (16,509)
Changes in operating assets and liabilities:    
Accounts receivable - related party 285 (186,536)
Amount due from a related party (2,200)
Prepayments and deposits (34,593) (100,029)
Accounts payable (2,803) 1,323
Customer deposits   (140,322)
Income taxes payable (12,299)
Other payables and accrued liabilities 19,892 952
Net cash used in operating activities (230,431) (358,320)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of non-marketable securities to a related party 70,173
Net cash provided by investing activities 70,173
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS 4,008 (3,197)
DECREASE IN CASH AND CASH EQUIVALENTS (156,250) (361,517)
CASH AND CASH EQUIVALENTS, beginning of period 2,744,457 3,452,917
CASH AND CASH EQUIVALENTS, end of period 2,588,207 3,091,400
SUPPLEMENTAL CASH FLOWS INFORMATION    
Income taxes paid
Interest paid
SUPPLEMENTAL NON-CASH FLOWS INFORMATION    
Amount transferred from investment in investee company to investment in non-marketable securities 724,619
Sale of the non-marketable securities to a director in exchange for a loan receivable $ 730,637