Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 87

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 87
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 and (b) negative changes
of US$1,203,834 in operating assets and liabilities primarily reflecting (i) a decrease in contract liabilities of US$403,424; (ii) an
increase in accounts receivables of $1,148,391; (iii) an increase of US$545,969 in accruals and other current liabilities and (iv) a
decrease of US$68,189 in accounts payable.

For
the year ended September 30, 2022, our net cash used in operating activities was US$340,755, which primarily consisted of our net profit
of US$137,694, as adjusted by (a) positive changes of US$68,758 in non-cash items primarily including provision of doubtful accounts,
deferred income tax and depreciation; and (b) negative changes of US$547,207 in operating assets and liabilities primarily reflecting
(i) an increase of US$370,498 in accounts payable as a result of an overall slowdown in payment; (ii) an increase of US$1,601,990
in accounts receivable; (iii) an increase of US$486,127 in contract liabilities and (iv) an increase of US$119,338 in income taxes
payable.

| 52 |

Cash Flows from Investing Activities

Our
net cash provided by investing activities during the year ended September 30, 2024 was US$1,929,030,
which was attributable to a decrease in the amount due from shareholders of US$262,768 and proceeds from sale of digital assets
of US$1,669,500, partially offset by the purchase of plant and equipment of US$3,238.

Our net cash provided by investing activities during the year ended September 30, 2023 was US$451,531, which was primarily attributable to the amount due from shareholders of US$88,650 and proceeds from sale of digital assets of US$366,956, partially offset by the purchase of plant and equipment of US$4,075.

Our net cash used in investing activities during the year ended September 30, 2022 was US$3,269 which was attributable to the purchase of property and equipment.

Cash Flows from Financing Activities

Our net cash used in financing
activities during the year ended September 30, 2024 was US$1,062,640, made up of repayment of amounts due to our
shareholder.

Our net cash from financing