v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (72,240) $ 25,623,563
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Gain on disposal of subsidiaries (26,222,555)
Stock-based consultancy fees 180,000
Stock-based director’s remuneration 44,514
Stock-based staff salaries 315,000
CASH FLOWS USED IN OPERATING ACTIVITIES (72,240) (59,478)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Advances from (repayments to) related party 41,028 (117,450)
Repayment to bank overdrafts (53,531)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES: 41,028 (170,981)
Effect of exchange rate changes 33,742 199,353
Net change in cash and cash equivalents 2,530 (31,106)
Cash and cash equivalents - beginning of period 1,557 32,772
Cash and cash equivalents - end of period 4,087 1,666
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
- Interest expense paid
- Tax paid