Anvia Holdings Corp

CIK:0001681282|SEC Filings

Consolidated Statements of Operations and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenues, net	$ 14,245,425	$ 690,680
Cost of revenues	(8,807,072)	(80,370)
Gross profit	5,438,353	610,310
Other income	211,611	12,182
Gain on acquisition of subsidiaries	400,059
Gain on disposal of subsidiaries	260,695
General and administrative expenses	(10,654,124)	(1,357,024)
Other operating income/(expenses)	10,463,088	(551,561)
Gain/(Loss) from operations	6,119,682	(1,286,093)
Finance cost	(9,349,240)	(1,277,417)
Loss before tax	(3,229,558)	(2,563,510)
Income taxes expenses	(126,658)
NET LOSS	(3,356,216)	(2,563,510)
Net loss(profit) attributable to non-controlling interests	(30,032)	16,009
NET LOSS ATTRIBUTABLE TO THE COMPANY	(3,386,248)	(2,547,501)
Other comprehensive loss:
- Foreign currency translation gain (loss)	(162,590)	(15,920)
- Fair value gain on other investment	(492,000)
COMPREHENSIVE LOSS	(4,040,838)	(2,563,421)
Other comprehensive loss attributable to non-controlling interests	30,970	564
TOTAL COMPREHENSIVE LOSS ATTRIBUTABLE TO THE COMPANY	$ (4,009,868)	$ (2,562,857)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (3,356,216)	$ (2,563,510)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of plant and equipment	638,435	117,595
Amortization of intangible assets	167,766	1,459
Amortization of right of use assets	375,226
Impairment of goodwill	2,418,064
Gain on disposal of subsidiaries	(260,695)
Negative goodwill	(400,059)
Changes in fair value of embedded conversion option liability	(10,463,088)
Goodwill adjustments	137,957
Operating loss before working capital changes	(10,742,610)	(2,444,456)
Changes in operating assets and liabilities:
Trade and other receivables	(140,831)	(480,441)
Trade and other payables	3,484,032	136,948
Operating lease liabilities	(111,471)
Cash (used in)generated from operating activities	3,984,119	(2,787,949)
Cash flows from investing activities:
Purchase of plant and equipment and intangible assets
Acquisition of subsidiaries, net of cash and cash equivalents acquired	(7,466,264)	(998,365)
Acquisition of other investments	(361,951)	(2,000)
Acquisition of intangible assets	(378,406)
Acquisition of property, plant and equipment	(716,853)
Net cash used in investing activities	(8,923,474)	(1,000,365)
Cash flows from financing activities:
Issuance of share capital	5,711,092	1,391,955
(Redemption of)/Proceeds from issuance of :
-Embedded conversion option liability	(10,325,803)	2,412,285
-Convertible notes payable, net of debt discount	(97,880)	221,222
Repayment of hire purchase	(125,619)
Drawdowns of loan and borrowings, net of repayment	1,157,530
Repayment to Directors	(172,527)
Net cash generated from financing activities	5,303,400	4,025,462
Foreign currency translation adjustment		(319)
NET CHANGE IN CASH AND CASH EQUIVALENTS	364,045	236,829
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL YEAR	248,253	11,424
CASH AND CASH EQUIVALENTS, END OF FINANCIAL YEAR	612,298	248,253
CASH AND CASH EQUIVALENTS INFORMATION:
Cash at bank	612,298	248,253
Cash and cash equivalents, end of financial year	$ 612,298	$ 248,253

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and bank balances	$ 612,298	$ 248,253
Trade receivables	609,641	547,846
Other receivables and deposits	506,214	1,399,023
Amount owing by directors	1,087
Tax recoverable	76,966
Total current assets	1,806,206	2,195,122
Non-current assets:
Plant and equipment, net	563,467	485,050
Right-of-use	8,638,730
Intangible assets	218,166	7,526
Other investments	522,304	160,354
Goodwill	8,973,500	3,199,274
Total non-current asset	18,916,167	3,852,204
TOTAL ASSETS	20,722,373	6,047,326
Current liabilities:
Trade payables	1,649,212	2,872,177
Other payables and accrued liabilities	4,708,721	764,055
Embedded conversion option liability	2,275,000	2,412,285
Convertible notes payable, net of debt discount	123,342	221,222
Amount owing to directors	613,270	785,797
Deferred income	178,958
Loan and borrowings	1,269,147
Hire purchase	21,469
Operating lease liabilities	327,754
Income tax payable	73,229	5,448
Total current liabilities	11,240,102	7,060,985
Non-current liabilities
Loan and borrowings	206,036
Hire purchase	96,025
Operating lease liabilities	8,574,732
Total non-current liabilities	8,876,793
TOTAL LIABILITIES	20,116,895	7,060,985
Stockholders' equity:
Common stock, $0.0001 par value, 100,000,000 shares authorized; 42,850,405 and 41,004,994 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	4,285	4,101
Discount on common stock	(500)	(500)
Additional paid up share capital	8,366,007	1,956,402
Common stock subscriptions receivable	(699)
Accumulated losses	(6,233,697)	(2,848,437)
Other comprehensive loss	(780,669)	(127,020)
Total equity attributable to owners of the Company	612,329	(1,015,454)
Non-controlling interests	(6,851)	1,795
Total stockholders' equity	605,478	(1,013,659)
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$ 20,722,373	$ 6,047,326