China Senior Living Industry (CHYL)

[ALERTS100%to10000%GAIN]

CHYL~~As of December 31, 2017 and December 31, 2016, cash and cash equivalents were $24,962 and $4,270, respectively.



Based upon our present plans, we believe that cash on hand, cash flows from operations and funds available under our bank facilities will be sufficient to fund our capital needs for the next twelve months. However, if available liquidity is not sufficient to meet our operating and loan obligations as they come due, our plans include pursuing alternative financing arrangements or reducing expenditures as necessary to meet our cash requirements. There is no assurance that we will be able to raise additional capital or reduce discretionary spending to provide liquidity, if needed. Currently, the capital markets for small capitalization companies are difficult. Thus we cannot be sure of the availability or terms of any alternative financing arrangements.



The following table provides detailed information about our net cash flow for all financial statement periods presented in this report.







For the years ended December 31 ,



(Stated in U.S. dollars)



2017





2016



Net cash flows used in operating activities





(14,553 )




(176,752 )
Net cash flows used in investing activities





-






-


Net cash flows provided by financing activities





33,184






138,174


Effect of foreign currency translation on cash and cash equivalents





2,061






682




Operating Activities



Net cash used in operating activities for the year ended December 31, 2017 was $14,553 and net cash used in operating activities for the year ended December 31, 2016 was $176,752.