HWH International Corp

CIK:0001669479|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
REVENUE		$ 3,598
COST OF REVENUE	(650)	(5,076)
GROSS (LOSS)	(650)	(1,478)
OTHER INCOME
GENERAL AND ADMINISTRATIVE EXPENSES	(6,103)	(26,695)
LOSS FROM OPERATIONS	(6,753)	(28,173)
INTEREST EXPENSE	(89)	(114)
LOSS BEFORE INCOME TAX	(6,842)	(28,287)
INCOME TAX PROVISION
NET LOSS	(6,842)	(28,287)
Other comprehensive income:
- Foreign currency translation adjustment	5,356	260
Comprehensive loss	$ (1,486)	$ (28,027)
Net income/(loss) per share- Basic and diluted	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - Basic and diluted	451,711,093	451,375,989

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (6,842)	$ (28,287)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,055	497
Interest expense	89	114
Changes in operating assets and liabilities:
Accounts receivables		(4,085)
Prepayments, other receivables and deposits	(3,304)	(76)
Other payables and accrued liabilities	(912)	570
Cash used in operating activities	(9,914)	(31,267)
Income taxes refund / (paid)	416	(839)
Net cash used in operating activities	(9,498)	(32,106)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of share capital		4
Additional paid in capital		13,496
Repayment to directors	(4,737)	(5,399)
Interest paid	(89)	(114)
Payments on finance lease	(743)	(321)
Net cash (used in) / provided by financing activities	(5,569)	7,666
Effect of exchange rate changes on cash and cash equivalents	(2,630)	249
Net decrease in cash and cash equivalents	(17,697)	(24,191)
Cash and cash equivalents, beginning of period	30,981	88,119
CASH AND CASH EQUIVALENTS, END OF PERIOD	13,284	63,928
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes refund / (paid)	416	(839)
Interest paid	$ (89)	$ (114)

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2018	Jun. 30, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 13,284	$ 30,981
Prepayments, other receivables and deposits	18,957	14,951
Prepaid income tax	3,489	3,905
Total Current Assets	35,730	49,837
NON-CURRENT ASSETS
Investment in an investee company	479	479
Other investment	9,368	9,368
Plant and equipment, net	23,843	25,300
Intangible assets, net	11,780	12,080
Total Non-Current Assets	45,470	47,227
TOTAL ASSETS	81,200	97,064
CURRENT LIABILITIES
Other payables and accrued liabilities	27,507	28,419
Current portion of obligation under finance lease	1,619	2,201
Amount due to a director	29,533	34,270
Total Current Liabilities	58,498	64,890
NON- CURRENT LIABILITIES
Obligation under finance lease	6,402	6,563
Total Non-Current Liabilities	6,402	6,563
TOTAL LIABILITIES	65,061	71,453
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 451,711,093 and 451,711,093 shares issued and outstanding respectively	45,172	45,172
Additional paid in capital	316,716	316,716
Other comprehensive income	5,356	7,986
Accumulated (losses)	(351,105)	(344,263)
TOTAL STOCKHOLDERS' EQUITY	16,139	25,611
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 81,200	$ 97,064