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(State or other jurisdiction of |
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(I.R.S. Employer |
incorporation or organization) |
Identification No.) |
Title of each class |
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Trading symbol(s) |
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Name of each exchange on which registered |
N/A |
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Large accelerated filer |
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Accelerated filer |
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Smaller reporting company |
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Emerging growth Company |
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i |
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September 30 |
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December 31 |
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2023 |
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2022 |
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(Unaudited) |
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(Audited) |
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ASSETS |
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Non-current assets |
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Intangible assets, net |
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Property and equipment, net |
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Goodwill |
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Total non-current assets |
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Current assets |
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Accounts receivable |
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Right to use assets - operating lease |
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Prepayment, deposit and other receivables |
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Cash and cash equivalents |
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Total current assets |
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Total assets |
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$ |
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$ |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current Liabilities |
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Accounts payable |
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Accruals |
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Lease liability - operating lease |
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Deposits received for share to be issued |
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Total current liabilities |
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Non-Current Liabilities |
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Other loan |
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Total non-current liabilities |
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Total liabilities |
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$ |
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$ |
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STOCKHOLDERS' EQUITY |
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Common stock, $ |
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Additional paid-in capital |
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Capital reserves |
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Accumulated deficit brought forward |
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( |
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( |
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Total stockholder's equity |
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Total liabilities and stockholders' equity |
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$ |
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$ |
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1 |
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For the three months ended September 30, |
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For the nine months ended September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
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Service Revenue |
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$ |
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$ |
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$ |
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$ |
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Cost of Service |
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Gross Profit |
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Operating Expenses |
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Depreciation and amortization |
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General and administrative |
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Sales and marketing |
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Research and development |
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Total Operating Expenses |
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(Loss) from Operations |
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( |
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( |
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( |
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( |
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Other (Expenses)/Income, net |
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( |
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( |
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Net (Loss) before income tax |
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( |
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( |
) |
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( |
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( |
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Income tax (Corporate tax) |
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- |
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Net (Loss) |
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$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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Net (Loss) profit per common share - basic and fully diluted: |
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( |
) |
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( |
) |
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( |
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( |
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Weighted average number of basic and fully diluted common shares outstanding |
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2 |
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For the nine months ended September 30, |
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2023 |
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2022 |
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(Unaudited) |
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(Unaudited) |
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OPERATING ACTIVITIES: |
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Net loss |
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$ |
( |
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$ |
( |
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Adjustments to reconciled net loss to net cash used by operating activities: |
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Depreciation of property, plant, and equipment |
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Amortization of intangible assets |
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Changes in operating assets and liabilities: |
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Accounts receivable |
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Prepayments, deposit and other receivables |
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Accounts payable |
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( |
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Accruals |
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Operating lease |
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Deferred revenue |
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( |
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Net cash (used in) operating activities |
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( |
) |
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( |
) |
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INVESTING ACTIVITIES: |
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Amount due from associate |
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Amount due from related party |
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( |
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Financial assets held for resale |
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Net cash provided by (used in) investing activities |
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( |
) |
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FINANCING ACTIVITIES: |
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Proceeds from shares to be issued |
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( |
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( |
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Issuance of shares for services and cash received
, net of expenses |
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Net cash provided by (used in) financing activities |
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INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
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( |
) |
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( |
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CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD |
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CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD |
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$ |
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$ |
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NON-CASH TRANSACTION |
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Issuance of shares for services received |
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$ |
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$ |
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3 |
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Additional |
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Subscriptions |
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Common |
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paid-in |
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received/Capital |
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Accumulated |
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Stockholders’ |
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Stock * |
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Amount |
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capital |
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reserves |
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(Deficit) |
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(Deficit)/Equity |
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Balance December 31, 2022 |
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$ |
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$ |
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$ |
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$ |
( |
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$ |
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Issuance of shares for proceeds |
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Cancellation of shares for proceeds |
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Net loss for the period |
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- |
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( |
) |
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( |
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Balance March 31, 2023 |
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( |
) |
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Issuance of shares for proceeds |
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Cancellation of shares for proceeds |
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Net loss for the period |
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- |
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( |
) |
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( |
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Balance June 30, 2023 |
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( |
) |
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Issuance of shares for proceeds |
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Cancellation of shares for proceeds |
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Net loss for the period |
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- |
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( |
) |
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( |
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Balance September 30, 2023 |
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