EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Newbyera Technology Limited

 

BALANCE SHEETS

 

   July 31, 2024   December 31, 2023 
  

(Audited)

USD		  

(Audited)

USD		 
ASSETS          
Current assets          
Prepayments, net   2,809,547    76,499 
Other receivables, net   6,328,511    94,821 
Accounts receivable, net   12,383,166    9,278,318 
Cash and cash equivalents   5,631,193    5,457,860 
Total current assets   27,152,417    14,907,498 
           
Non-current assets          
Intangible assets   -    - 
           
Total assets   27,152,417    14,907,498 
           
LIABILITIES AND EQUITY          
Current liabilities          
Account and other payables   24,560,337    9,005,281 
Taxes Payable   22,589    22,754 
Amounts due to related parties   -    2,916,642 
Total current liabilities   24,582,926    11,944,677 
           
Total liabilities   24,582,926    11,944,677 
           
Equity          
Share capital   2,833,697    2,833,697 
Other reserves   -145,450    -125,213 
Retained earnings   -118,756    254,337 
Total Equity   2,569,491    2,962,821 
           
Total liabilities and equity   27,152,417    14,907,498 

 

 

 

 

Newbyera Technology Limited

 

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

 

    

Seven Months Ended

July 31, 2024
(Unaudited)		 
    USD 
Revenue   44,630,454 
Cost of providing services   (44,468,585)
Gross profit   161,869 
      
General and administrative expenses   (656,160)
Net impairment losses on financial and contract assets   (241,353)
Other income   333,881 
Foreign gain/(loss) - net   34,489 
Operating (loss)/profit   (367,274)
      
Interest income   4,348 
Finance cost   (10,167)
Finance cost - net   (5,819)
      
Profit before income tax   (373,093)
      
Income tax expenses   - 
      
Profit for the period   (373,093)
      
Other comprehensive income   (20,237)
      
Total comprehensive income   (393,330)