103 unchanged sentences
Our office space is provided rent
−Removed: free by our Chief Investment Officer Seah Kok Wah.
+Added: free by our Chief Investment Officer Seah Kok Wah until June 2020.
of the previous entities share the same exact business plan with the goal of providing business mentoring services, nurturing
21 unchanged sentences
and distribution expenses for the year ended December 31, 2020 and 2019 amounted to $6,049 and $40,927 respectively.
−Removed: These expenses comprised expenses on website and website maintenance, marketing and networking event, and travelling expenses.
+Added: These expenses
+Added: comprised expenses on website and website maintenance, marketing and networking event, and travelling expenses.
and Administrative Expenses
3 unchanged sentences
Company recorded an amount of $3,977 and $1,838 as other income for the year ended December 31, 2020 and 2019 respectively.
−Removed: This income is derived from the foreign exchange gain.
+Added: income is derived from the foreign exchange gain.
Loss and Net Loss Margin
−Removed: net loss for the year was $219,544, for the year ended December 31, 2019 as compared to $71,807 for the year ended
−Removed: December 31, 2018.
−Removed: The increase in net loss of $147,737 can be contributed to the substantial increase in general and
−Removed: administrative expenses incurred.
−Removed: Taking into the loss for the year ended December 31, 2019, the accumulated loss for the
−Removed: Company has increased from $71,807, to $291,351.
+Added: net loss for the year was $107,186, for the year ended December 31, 2020 as compared to $219,544 for the year ended December 31,
+Added: The decrease in net loss of $112,358 can be contributed to the substantial decrease in general and administrative expenses
+Added: Taking into the loss for the year ended December 31, 2020, the accumulated loss for the Company has increased from $291,351,
and Capital Resources
of December 31, 2020, we had cash and cash equivalents of $281,299.
−Removed: We expect increased levels of operations going forward
−Removed: will result in more significant cash flow and in turn working.
+Added: We expect increased levels of operations going forward will
+Added: result in more significant cash flow and in turn working.
depend substantially on financing activities to provide us with the liquidity and capital resources we need to meet our working
capital requirements and to make capital investments in connection with ongoing operations.
−Removed: During the year ended December 31,
−Removed: 2019, we have met these requirements primarily from the receipt of subscription for private placement and share subscription from
−Removed: Initial Public Offering (IPO), which has yet to be allotted.
Used In Operating Activities
3 unchanged sentences
the year ended December 31, 2020 and 2019, net cash provided by financing activities was $343,200 and $291,300 respectively.
−Removed: financing cash flow performance primarily reflects the issuance of private placement shares and IPO shares (yet to be allotted).
+Added: financing cash flow performance primarily reflects the issuance of private placement shares and IPO shares.
Used In Investing Activities
60 unchanged sentences
currencies translation
+Added: The reporting currency of the Company and
+Added: its subsidiaries in Labuan and Hong Kong are United States Dollars (“US$”), being the primary currency of the economic
+Added: environment in which these entities operate.
denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates
4 unchanged sentences
exchange differences are recorded in the statements of operations.
−Removed: reporting currency of the Company is United States Dollars (“US$”).
−Removed: The Company’s subsidiary in Labuan and Hong
−Removed: Kong maintains its books and record in United States Dollars (“US$”) respectively, and Ringgits Malaysia (“RM”)
−Removed: is functional currency as being the primary currency of the economic environment in which the entity operates.
general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated
8 unchanged sentences
of amounts from RM and HK$ into US$1 has been made at the following exchange rates for the respective periods:
−Removed: of and for the year ended December 31,
+Added: As of and for the year ended December 31,
Year-end RM :
−Removed: US$1 exchange
+Added: US$1 exchange rate
Year-average RM:
39 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.