Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Deficit

v3.19.1
Consolidated Statements of Changes in Deficit - USD ($)
Issued Capital
Treasury Shares
Share Premium
Retained Earnings
Foreign Currency Translation Reserves
Total
Beginning balance, shares at Dec. 31, 2015 1,954,651 85,800        
Beginning balance, value at Dec. 31, 2015 $ 2,040 $ (343,113) $ 18,289,096 $ (21,641,840) $ (1,316,999) $ (5,010,816)
Statement Line Items [Line Items]            
Non-employee stock based compensation     370,040     370,040
Beneficial conversion feature on convertible promissory notes     581,505     581,505
(Loss)/profit for the year       (565,144)   (565,144) [1]
Foreign currency translation reserve         (139,370) $ (139,370) [1]
Ending balance, shares at Dec. 31, 2016 1,954,651 85,800       1,954,651
Ending balance, value at Dec. 31, 2016 $ 2,040 $ (343,113) 19,240,641 (22,206,984) (1,456,369) $ (4,763,785)
Statement Line Items [Line Items]            
Non-employee stock based compensation     95,419     95,419
Stock option exercise, shares 2,900          
Stock option exercise $ 3   5,607     5,610
Beneficial conversion feature on convertible promissory notes     59,298     59,298
Non-cash capital contribution by shareholder in connection with forgiveness of debt     203,312     203,312
Sale of subsidiary, shares (53,828) 53,828        
Sale of subsidiary, value   $ (80,742)       (80,742)
(Loss)/profit for the year       (3,687,136)   (3,687,136)
Foreign currency translation reserve         813,007 $ 813,007
Ending balance, shares at Dec. 31, 2017 1,903,723 139,628       1,903,723
Ending balance, value at Dec. 31, 2017 $ 2,043 $ (423,855) 19,604,277 (25,894,120) (643,362) $ (7,355,017)
Statement Line Items [Line Items]            
Non-employee stock based compensation     20,210     20,210
(Loss)/profit for the year       1,016,941   1,016,941
Foreign currency translation reserve         (180,146) $ (180,146)
Ending balance, shares at Dec. 31, 2018 1,903,723 139,628       1,903,723
Ending balance, value at Dec. 31, 2018 $ 2,043 $ (423,855) $ 19,624,487 $ (24,877,179) $ (823,508) $ (6,498,012)
[1] Restated for discontinued operations (see note 9 - Discontinued Operations)