v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:          
Net income $ 266,212 $ 329,384 $ (183,700) $ 386,128 $ 323,193
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Depreciation 50,784 50,007 201,113 174,207 163,371
Unpaid director’s remuneration 40,000 110,000 100,000 30,000
Changes in operating assets and liabilities:          
Accounts receivable (41,948) 2,731 15,521 (7,080) 7,197
Other current assets (21,809) (1,953) (125) 7,279
Inventories (3,322) (997) (113) 3,658 (33,742)
Deferred tax assets 133,858 150,321 8,978 (162,557) 99,765
Accounts payable and accrued liabilities (90,902) (134,515) (75,925) 187,536 (39,424)
Contract liabilities - deferred revenue 63,444 23,533 3,797 138,973 625
Deferred tax liabilities 10,471 9,661 11,958 27,292 17,992
Prepaid expenses (447,981)      
Net Cash (Used in) Provided by Operating Activities (81,193) 470,125 89,676 848,032 576,256
Cash Flows from Investing Activities:          
Purchase of property and equipment (14,924) (99,885) (126,679) (147,953) (207,582)
Prepayment for acquisition of property and equipment     (103,436)
Short-term investment     (6,778)
Receipt of short-term investment 6,778      
Net Cash Used in Investing Activities (8,146) (99,885) (133,457) (251,389) (207,582)
Cash Flows from Financing Activities:          
Proceeds from stockholders for settlement of subscription receivables 11,632   6,528
Proceeds from related party loan 55,485 372,704 980,753 520,964
Repayments to related party loan (2,391,645) (210,000) (210,000) (1,035,100) (466,000)
Proceeds from bank and other borrowings     181,721 270,905
Repayments of bank and other borrowings (192,378) (37,806) (592,937) (58,121) (169,686)
Deferred offering costs (171,180) (259,104) (329,715) (252,964)
Proceeds from issue of common stocks 10,654,093      
Net Cash Provided by (Used in) Financing Activities 7,954,375 (134,206) (145,371) (643,500) (364,781)
Net change in cash and cash equivalents 7,865,036 236,034 (189,152) (46,857) 3,893
Cash and cash equivalents, beginning of period 457,142 646,294 646,294 693,151 689,258
Cash and cash equivalents, end of period 8,322,178 882,328 457,142 646,294 693,151
Supplemental cash flow information:          
Cash paid for interest 4,491 10,186 25,550 30,393 36,169
Cash paid for taxes
Supplemental non-cash financing activity:          
Prepaid offering costs net off with additional paid-in capital $ 582,679