Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 205

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 205
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 primarily attributable to (i) the net loss of $3,690,287; (ii) an increase in inventory of $7,647; (iii) an increase in deposits of $301; (iv) a decrease in accounts payable of $71,823; (v) an increase in prepayment of $306,050; (vi) a decrease in other payables and accruals of $134,159; (vii) a decrease in taxes payable of $15,081; and being offset by (i) a decrease in account receivables of $ 290,569; (ii) non-cash item of $797,656 of depreciation and amortization; (iii) increase in other receivables of $95,031; (iv) an increase in cash flow by other elements of $11.
 
Net cash used in operating activities was $3,163,187 for 2023 and was primarily attributable to (i) the net loss of $3,501,518; (ii) an increase in inventory of $586,551; (iii) an increase in deposits of $ 71,188; (iv) an decrease in accounts payable of $67,945; (v) a increase in prepayment of $ 1,412,318; (vi) a decrease in other payables and accruals of $ 50,253; (vii) a decrease in advance from customers of $6,364; and being offset by (i) a decrease in account receivables of $1,119,804; (ii) non-cash item of $693,531 of depreciation and amortization and $667,016 of options issued for equity compensation plan; (iii) increase in taxes payable of $31,972; (iv) an increase in cash flow by other elements of $20,627.
 
Net cash used in operating activities was $4,170,876 for 2022 and was primarily attributable to (i) the net loss of $1,655,903; (ii) a decrease in accounts payable of $1,631,595; (iii) an increase in accounts receivable of $697,873; (iv) a decrease of the advance from customers of $216,269; (v) an increase in prepayment of $180,974; (vi) a decrease in other payables and accruals of $960,292; (vii) a decrease in cash flow by