v3.26.3
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Loss before income tax $ (1,738,171) $ (500,246)
Adjustments for:    
Provision for allowance for expected credit losses on financial assets 474,654 305,631
Depreciation of property, plant and equipment 70,156 23,567
Depreciation of right-of-use asset 21,197 20,319
Gain on disposal of property, plant and equipment (25,903) (44,965)
Interest expenses 125,202 237,132
Interest income (123) (2,822)
Operating cash flows before movements in working capital (1,072,988) 38,616
Decrease (increase) in inventories 1,734,669 (625,019)
Decrease (increase) in prepayments, trade and other receivables 1,278,799 (682,990)
Decrease in trade and other payables (1,057,515) (450,259)
Decrease in contract liabilities (210,113) (2,545,930)
Cash (used in) generated from operations 672,852 (4,265,582)
Income tax (paid) refunded 833 (2,753)
Net cash generated from (used in) continuing operation 673,685 (4,268,335)
Net cash generated from discontinued operation 3,915,067
Net cash generated from (used in) operating activities 673,685 (353,268)
Investing activities    
Interest received 123 2,822
Purchases of property, plant, and equipment (902) (578)
Proceeds from disposal of property, plant and equipment 694,404 44,964
Decrease in restricted bank deposits 104,267
Net cash generated from continuing operation 693,625 151,475
Net cash used in discontinued operation (241,020)
Net cash generated from (used in) investing activities 693,625 (89,545)
Financing activities    
Advances from an ultimate beneficial shareholder 162,564 310,696
Proceeds from bank borrowings 6,171,721 10,329,751
Repayments of bank borrowings (8,196,421) (12,512,609)
Proceeds from other borrowings 133,419 146,549
Repayments of other borrowings (35,119)
Repayments of lease liabilities (22,990) (15,638)
Interest paid (125,202) (237,132)
Net cash used in continuing operation (1,876,909) (2,013,502)
Net cash used in discontinued operation (927,075)
Net cash used in financing activities (1,876,909) (2,940,577)
Net decrease in cash and cash equivalents (509,599) (3,383,390)
Cash and bank balances at beginning of period 966,807 2,963,301
Effect of foreign exchange rate changes (264,052) 757,558
Cash and bank balances at end of period $ 193,156 $ 337,469