v3.25.2
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss from continuing operations $ (2,227,122) $ (1,877,146)
Net gain from discontinued operations 38,719
Net loss for the period (2,227,122) (1,838,427)
Adjustments for:    
Depreciation and Amortization of fixed and intangible assets 1,700,784 1,556,922
Stock-based compensation expenses 149,595 172,655
Provision for (Recovery of) withholding tax receivable 40,984 (32,980)
Provision for expected credit loss on trade and other receivables, net 15,986 184,180
Impairment loss on goodwill 30,467
Netting off related parties’ balances (690,487)
Finance income, net (250,334) (179,263)
Deferred income taxes 48,177 (101,998)
Loss (Gain) from assets disposal 231 (31,577)
Gain from disposal of a subsidiary (3,607)
Changes in operating assets and liabilities:    
Decrease (Increase) in trade and other receivables 1,193,423 (90,891)
Increase in other assets (1,144,739) (1,005,338)
Decrease in inventories 42,872 114,223
Decrease in restricted cash 20,275 186,971
Decrease in Trade and other payables and other current liabilities (182,399) (437,966)
(Increase) Decrease in withholding tax receivable (407,260) 227,903
(Decrease) Increase in provision for employee benefits (41,570) 13,428
Net cash used in operating activities (1,041,097) (1,925,785)
Cash flows from investing activities    
Acquisition of property, plant and equipment (482,658) (34,442)
Proceeds from sale of property, plant and equipment 1,405 27,805
Acquisition of intangible assets (114,224)
Disposal of a subsidiary, net of cash disposed (28,186)
Interest received 331,762 283,750
Payments for financial assets at amortized cost (76,440)
Net cash (used in) generated from investing activities (225,931) 134,703
Cash flows from financing activities    
Proceeds from issue of shares 3,491,850
Repayment of related party borrowings (3,304,787)
Repayment of bank borrowings (45,296) (252,717)
Payment of lease liabilities (877,856) (877,553)
Net cash generated from (used in) financing activities 2,568,698 (4,435,057)
Net increase (decrease) in cash and cash equivalents, 1,301,670 (6,226,139)
Effect of movements in exchange rates on cash held 214,176 (58,513)
Cash and cash equivalents at January 1 21,936,422 20,263,869
Cash and cash equivalents at June 30 $ 23,452,268 $ 13,979,217