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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations [Abstract] |
Schedule of Operating Segment | The results of Handshake for the years ended December 31, 2023, 2022 and 2021 are presented below:
|  | For the years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Revenue |  | $ | 795,733 |  |  | $ | 512,300 |  |  | $ | 484,318 |
Cost of sales |  |  | (178,731 | ) |  |  | (50,342 | ) |  |  | (27,839 | )
Gross profit |  |  | 617,002 |  |  |  | 461,958 |  |  |  | 456,479 |
Selling, distribution and administrative expenses |  |  | (583,424 | ) |  |  | (523,858 | ) |  |  | (407,753 | )
Operating income (loss) |  |  | 33,578 |  |  |  | (61,900 | ) |  |  | 48,726 |
Other income (expense) |  |  | 223 |  |  |  | 1,116 |  |  |  | (7,512 | )
Foreign exchange gains |  |  | 423 |  |  |  | - |  |  |  | (1,514 | )
Finance costs |  |  | (86 | ) |  |  | (1,648 | ) |  |  | - |
Net profit (loss) from discontinued operations |  | $ | 34,138 |  |  | $ | (62,432 | ) |  | $ | 39,700 |
Schedule of Assets and Liabilities Held for Sale | The assets and liabilities of Handshake classified as held of sale as at December 31, 2023 is as follows:
|  | As of December 31, 2023 |
Assets |  |  |
Cash and cash equivalents |  | $ | 28,642 |
Trade receivables |  |  | 158,216 |
Other current and non-current assets |  |  | 15,105 |
Assets held for sale |  |  | 201,963 |
Liabilities |  |  |  |
Trade and other payables |  |  | (119,347 | )
Other current and non-current liabilities |  |  | (11,529 | )
Liabilities directly associated with assets held for sale |  |  | (130,876 | )
Net assets directly associated with assets held for sale |  | $ | 71,087 |
Schedule of Cash Flow Components | The following table summarizes the key cash flow components of Handshake for the years ended December 31, 2023, 2022 and 2021:
|  | For the year ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Net cash (outflows) inflows from operating activities |  | $ | (53,693 | ) |  | $ | (91,127 | ) |  | $ | 149,186 |
Net cash from investing activities |  |  | - |  |  |  | - |  |  |  | - |
Net cash from financing activities |  |  | - |  |  |  | - |  |  |  | - |
Net (decrease) increase in cash and cash equivalents |  |  | (53,693 | ) |  |  | (91,127 | ) |  |  | 149,186 |
Cash and cash equivalents at beginning of year |  |  | 82,335 |  |  |  | 173,462 |  |  |  | 24,276 |
Cash and cash equivalents at the end of the year |  | $ | 28,642 |  |  | $ | 82,335 |  |  | $ | 173,462 |

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