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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss) $ (387,781) $ (378,787) $ 108,418 $ 135,847 $ (138,532)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation of plant and equipment 12,619 19,461 31,173 100,533 166,709
Amortization of right-of-use assets 4,442 84,731 198,535 203,411 175,830
Loss on disposal of plant and equipment     114,013
Provision of expected credit loss allowance   612 625 10,777 6,717
Interest expense     46,179
Waiver of related party balance     (88,151)
Directors’ remuneration     240,000 200,000
Legal and professional fee     27,320
Provision for income taxes     208,141
Changes in operating assets and liabilities:          
Accounts receivable (165,568) (81,515) 1,166 129,922 56,183
Inventories 22,128 (22,451) (80,665) (7,219) 1,352
Loan to A SPAC I 140,000 (140,000)      
Deposit, prepayment and other receivables, net 25,137 1,406      
Deposit and other receivables, net     (448,266) (15,197) 10,987
Accounts payable 1,771,406 51,054 71,362 58,752 (60,989)
Accrued liabilities and other payables 2,770,371 19,681 (51,167) 190,689 79,853
Contract liabilities 29,655 (1,250,900) (1,352,231) 548,010 812,158
Operating lease liabilities (12,714) (89,702) (230,433) (175,132) (148,677)
Finance lease liabilities     (19,476) (19,476)
Taxes payable   83,561 (12,170) 290,887
Net cash provided by/(used in) operating activities 4,209,695 (1,702,849) (1,766,135) 1,710,901 1,433,002
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of plant and equipment (10,393)   (69,848) (94,452) (16,575)
Purchase of intangible assets (1,056)        
Net cash used in investing activities (11,449)   (69,848) (94,452) (16,575)
CASH FLOWS FROM FINANCING ACTIVITIES          
Amount due from A SPAC I     (140,000)
Finance lease (6,446) (9,317) (9,317) (19,476) (17,221)
Other borrowings, net 560,000   128,204 512,821
Issuance of shares     192,308
Interest paid     (24,704)
Amount with related parties 605,489 1,530,872 1,863,206 (1,742,509) (2,039,969)
Subscription receivables (8,892,956) 192,308      
Convertible promissory note 3,380,990        
Net cash (used in)/provided by financing activities (4,352,923) 1,713,863 1,881,493 (1,633,781) (1,544,369)
Net (decrease)/increase in cash and cash equivalents (154,677) 11,014 45,510 (17,332) (127,942)
Effect of foreign currency translation on cash and cash equivalents 284,681 38,724 (18,962) 16,124 50,514
Cash and cash equivalents, beginning of period 54,104 27,556 27,556 28,764 106,192
Cash and cash equivalents, end of period 184,109 77,294 54,104 27,556 28,764
Supplementary cash flow information:          
Taxes paid     (12,170) (3,829)
Interest paid $ (120,162) (837) $ (24,704) $ (55,469) $ (65,582)
Listing fee paid   $ 675,826