Aphoenity International Holdings Inc.
For the period ended Dec 31, 2024. Filed Apr 2, 2025.
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FY2024 · Filed Apr 2, 2025
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Item 8. Consolidated Statements of Cash Flows
(Currency expressed in United States Dollars (“US$”))
| Years ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $12,421,396 | $(303,197) |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities | ||
| Share Based Revenue | 14,000,000 | – |
| Stock based compensation | 1,505,500 | 205,026 |
| Change in operating assets and liabilities: | ||
| Decrease in inventory | 46,154 | (46,154) |
| Decrease in other receivables and other current assets | (46,154) | (64,102) |
| Increase in accounts payable | – | – |
| Increase in accrued expenses | 34,443 | 75,943 |
| Net cash (used in) operating activities | (38,661 | (132,484) |
| Cash flows from investing activities: | ||
| Purchases of equipment | – | – |
| Net cash used in investing activities | – | – |
| Cash flows from financing activities: | ||
| Repayment to related party | – | – |
| Proceeds from related party payable | – | – |
| Proceeds from borrowings | – | – |
| Repayment to borrowings | – | (3,008) |
| Proceeds from acquisition subsidiaries | – | 298,438 |
| Net cash provided by financing activities | – | 295,430 |
| Effect on exchange rate change on cash and cash equivalents | – | – |
| Net increase of cash and cash equivalents | (38,661) | 162,946 |
| BEGINNING OF YEAR | 175,002 | 12,056 |
| END OF YEAR | $136,341 | $175,002 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for tax | $– | $– |
| Cash paid for interest | $(63,661) | $– |
| Non-cash financing and investing activities: | ||
| Debt converted to common stock | $– | $– |
| Issuance of treasury stock for intelligential property rights | $2,500,000 | $– |
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