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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts

 

Balance at January 1, 2022  $1,044 
Provision for the period   2,376 
Balance at September 30, 2022  $3,420 
Schedule of Plant, Property and Equipment Estimated Lives Under Straight-line Method

 

Computer and office equipment 5 - 10 years
Decoration and renovation 5 - 10 years
Schedule of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits excluding interest and penalties (“Gross UTB”) for the nine months ended September 30, 2022 and 2021, is as follows:

 

   Gross UTB 
   2022   2021 
         
Balance – January 1 and September 30  $-    935 
Schedule of Reconciliation of Basic and Diluted Loss Per Share

The following table presents a reconciliation of basic and diluted loss per share for the nine months and three months ended September 30, 2022 and 2021:

 

   2022   2021   2022   2021 
   Nine Months Ended September 30,   Three Months Ended September 30, 
   2022   2021   2022   2021 
                 
Net loss  $(8,302,546)  $(8,505,696)  $(1,712,992)  $(1,396,632)
                     
Weighted average shares outstanding – Basic and Diluted *   6,885,213    5,870,632    6,932,931    6,399,158 
                     
Net loss per share of common stock                    
Basic and Diluted  $(1.21)  $(1.45)  $(0.25)  $(0.22)

 

* Including 56,779 and 44,279 shares that were granted and vested but not yet issued for the nine months ended September 30, 2022 and 2021, respectively.
Schedule of Exchange Rates

Translation of amounts from RM into U.S. dollars has been made at the following exchange rates:

 

Balance sheet items, except for equity accounts      
September 30, 2022     RM 4.64 to 1  
December 31, 2021     RM 4.18 to 1  
         
Income Statement and cash flow items        
For the nine months ended September 30, 2022     RM 4.34 to 1  
For the nine months ended September 30, 2021     RM 4.13 to 1