v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income (loss) $ 1,229,601 $ (2,097,013)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 10,000 327,499
Amortization of debt discount 6,566 1,094,131
Depreciation of fixed assets 13,341 25,822
Amortization of software development cost 16,667
Changes in operating assets and liabilities:    
Change of right of use asset and lease liabilities (7,810)
Accounts and other receivables (3,238,749) (4,636,805)
Advance and prepayments to suppliers (43,448) (40,917)
Accounts and other payables 908,854 3,105,223
Accrued interest (20,211)
Deferred revenue (253,902) 242,099
Net cash used in operating activities (1,371,281) (1,987,771)
Cash flows from investing activities    
Acquisition of WAVS 2,048
Promissory note issued by WAVS (439,114) (200,000)
Purchase of plant and equipment (12,774)
Software development cost (448,000) (493,933)
Net cash used in investing activities (885,066) (706,707)
Cash flows from financing activities    
Proceeds from private placement 1,000,000 2,000,000
Net proceeds from line of credit 252,314 5,346
Repayment of all bank borrowings 31,954 (193,305)
Proceeds from loans payable 339,500
Repayments of loans payable (29,379)
Net cash provided by financing activities 1,689,268 3,206,162
Net change in cash and restricted cash (567,079) 511,684
Cash –beginning of period 607,869 96,185
Cash–end of period 40,790 607,869
Restricted cash - end of period 2,048
Cash - end of period 38,742
Supplementary cash flow information:    
Interest paid 501,337
Income taxes paid
WAVS [Member]    
Cash flows from financing activities    
Proceeds from notes payable 255,000
Nonrelated Party [Member]    
Cash flows from financing activities    
Proceeds from notes payable 135,000 550,000
Related Party [Member]    
Cash flows from financing activities    
Proceeds from notes payable $ 15,000 $ 534,000