v3.25.2
NOTE 18 - INVESTMENTS IN JOINT VENTURE: Summarized financial information for joint venture - Balance Sheets (Tables)
3 Months Ended
Mar. 31, 2025
Tables/Schedules  
Summarized financial information for joint venture - Balance Sheets

 

Balance Sheets:

 

March 31, 2025

 

December 31, 2024

 

 

 

(unaudited)

 

(audited)

 

Property, plant and equipment, net

 

$

124

 

$

398

 

Other receivables and prepaid

 

 

-

 

 

72

 

Inventory

 

 

143,362

 

 

143,360

 

Cash and cash equivalents

 

 

52,212

 

 

15,225

 

Total assets

 

 

195,698

 

 

159,055

 

 

 

 

 

 

 

 

 

Accrual expense

 

 

-

 

 

(25,405

)

Other payable

 

 

(4,629,015

)

 

(4,526,050

)

Customer deposits and other

 

 

(657,966

)

 

(600,179

)

Total liabilities

 

 

(5,286,981

)

 

(5,151,634

)

 

 

 

 

 

 

 

 

Net liabilities

 

$

(5,091,283

)

$

(4,992,579