Uni Line Corp.

CIK:0001605810|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
REVENUE	$ 25,670	$ 14,487
COST OF REVENUE	(3,730)	(6,844)
GROSS PROFIT	21,940	7,643
OPERATING EXPENSES	(202,568)	(301,637)
LOSS FROM OPERATIONS	(180,628)	(293,994)
OTHER INCOME, NET	399	536,416
NET (LOSS) INCOME BEFORE TAXES	(180,229)	242,422
Income tax expense	0	0
NET (LOSS) INCOME	(180,229)	242,422
Less: Net loss attributable to non-controlling interests	(14,951)	(3,404)
Net (loss) income attributable to Porter Holding International, Inc. common stockholders	(165,278)	245,826
Other comprehensive (loss) income
Foreign currency translation income	(17,241)	9,239
Total Comprehensive (loss) income	(197,470)	251,661
Less: comprehensive loss attributable to non-controlling interests	(14,953)	(3,699)
Comprehensive (loss) income attributable to Porter Holding International, Inc. common stockholders	$ (182,517)	$ 255,360
Basic and diluted (loss) income per share (in Dollars per share)	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted (in Shares)	508,110,000	508,110,000

CCONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
CCONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net (loss) income	$ (180,229)	$ 242,422
Adjustments to reconcile net income (loss) to cash used in operating activities:
Loss on disposal of equipment	88	0
Depreciation and amortization	2,117	2,977
Amortization of operating lease right-of-use assets	64,105	58,010
Changes in assets and liabilities
Accounts receivable	(210)	(376)
Prepayments and other receivables	(648)	11,384
Inventories	924	0
Other current assets	(803)	0
Operating lease liabilities	(73,804)	(9,234)
Accounts payable	(3,897)	(24,526)
Accruals and other payables	77,484	(379,121)
Deferred revenue	109,219	(64,461)
Net cash used in operating activities	(5,654)	(162,925)
Cash flows from financing activities
Advances from shareholders	97,846	1,530,917
Repayments to shareholders	(17,723)	(720,278)
Net cash provided by financing activities	80,123	810,639
Effect of exchange rates on cash	3,227	(10,629)
Net increase in cash	77,696	637,085
Cash at beginning of period	31,196	24,912
Cash at end of period	108,892	661,997
Supplemental of cash flow information
Cash paid for interest expenses		0
Cash paid for income tax	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash	$ 108,892	$ 31,196
Accounts receivable, net	1,712	1,494
Prepayments and other receivables	43,020	41,611
Inventories	5,618	6,509
Due from stockholders	341,430	338,616
Other current assets	19,934	19,030
Total current assets	520,606	438,456
NON-CURRENT ASSETS
Long-term rental deposits	39,722	39,515
Long-term prepayments	257	740
Equipment, net	11,218	13,355
Operating lease right-of-use assets	248,325	310,882
Total non-current assets	299,522	364,492
TOTAL ASSETS	820,128	802,948
CURRENT LIABILITIES
Accounts payable	123,809	127,044
Accruals and other payables	412,047	329,578
Deferred revenue	350,297	239,831
Due to stockholders	2,861,387	2,764,405
Operating lease liabilities – current	283,937	303,067
Total current liabilities	4,031,477	3,763,925
Operating lease liabilities - non-current	0	52,902
TOTAL LIABILITIES	4,031,477	3,816,827
STOCKHOLDERS’ DEFICIT
Common stock, par value $0.001 per share; 750,000,000 shares authorized, 508,110,000 shares issued and outstanding as of March 31, 2022 and December 31, 2021	508,110	508,110
Additional paid-in capital	1,128,241	1,128,241
Accumulated deficit	(4,663,876)	(4,498,598)
Accumulated other comprehensive loss	(172,529)	(155,290)
Total Porter Holding International, Inc. stockholders’ deficit	(3,200,054)	(3,017,537)
Non-controlling interests	(11,295)	3,658
Total stockholders’ deficit	(3,211,349)	(3,013,879)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 820,128	$ 802,948