XML 22 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net profit $ 379,430 $ 925,563 $ 419,478
Adjustments for:-      
Depreciation of property, plant and equipment 2,986 1,330 590
Amortization of intangible assets 83,944 70,247 9,569
Deferred tax expense (13,765) 28,347 28,680
Changes in operating assets and liabilities:      
Accounts receivable (276,445) (484,194) (153,453)
Deposits paid and other receivables (581,130) (313,144) (70,488)
Accounts payable (49,719) 49,719
Accrued expenses and other payables 127,015 57,428 1,253
Receipt in advance (57,545) 57,545
Amounts due with related parties (46,035) 119,376 (78,983)
Current income tax payable 151,155 128,700 23,832
Net cash (used in) provided by operating activities (280,109) 640,917 180,478
Cash flows from investing activities      
Acquisition of property, plant and equipment (87,596) (2,205) (5,427)
Acquisition of intangible assets (241,169) (178,553)
Net cash used in investing activities (87,596) (243,374) (183,980)
Cash flows from financing activities      
Proceeds from issue of ordinary shares 358,056
Net cash from financing activities 358,056
(Decrease) increase in cash and cash equivalents (9,649) 397,543 (3,502)
Cash and cash equivalents at beginning of year 399,300 1,757 5,259
Cash and cash equivalents at end of year 389,651 399,300 1,757
Analysis of the balance of cash and cash equivalents      
Bank balances $ 389,651 $ 399,300 $ 1,757