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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENT REPORTING | Results of Operations For the year ended December 31, 2024 SCHEDULE OF SEGMENT REPORTING
|  | Marketing services |  |  | Social commerce |  |  | Corporate and others |  |  | Total |
Revenue |  |  | 8,114,980 |  |  |  | 133,128 |  |  |  | — |  |  |  | 8,248,108 |
Cost of revenues |  |  | (5,997,406 | ) |  |  | (557,519 | ) |  |  | — |  |  |  | (6,554,925 | )
Marketing expenses |  |  | (118,779 | ) |  |  | — |  |  |  | (369,737 | ) |  |  | (488,516 | )
Share-based compensation |  |  | — |  |  |  | — |  |  |  | (946,444 | ) |  |  | (946,444 | )
General and administrative expenses |  |  | (2,724,736 | ) |  |  | — |  |  |  | (4,438,218 | ) |  |  | (7,162,954 | )
Other expenses, net |  |  | (289,490 | ) |  |  | — |  |  |  | (98,701 | ) |  |  | (388,191 | )
Loss before income taxes |  |  | (1,015,431 | ) |  |  | (424,391 | ) |  |  | (5,853,100 | ) |  |  | (7,292,922 | )
Provision for income taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net loss |  |  | (1,015,431 | ) |  |  | (424,391 | ) |  |  | (5,853,100 | ) |  |  | (7,292,922 | )
Financial Position As of December 31, 2024
|  | Marketing services |  |  | Social commerce |  |  | Corporate and others |  |  | Total |
Current assets |  |  | 2,531,282 |  |  |  | — |  |  |  | 2,233,261 |  |  |  | 4,764,543 |
Non-current assets |  |  | 2,300,609 |  |  |  | — |  |  |  | 117,506 |  |  |  | 2,418,115 |
Total assets |  |  | 4,831,891 |  |  |  | — |  |  |  | 2,350,767 |  |  |  | 7,182,658 |
Current liabilities |  |  | (3,367,033 | ) |  |  | — |  |  |  | (2,330,757 | ) |  |  | (5,697,790 | )
Non-current liabilities |  |  | (204,950 | ) |  |  | — |  |  |  | — |  |  |  | (204,950 | )
Total liabilities |  |  | (3,571,983 | ) |  |  | — |  |  |  | (2,330,757 | ) |  |  | (5,902,740 | )
Net assets |  |  | 1,259,908 |  |  |  | — |  |  |  | 20,010 |  |  |  | 1,279,918 |
VS MEDIA HOLDINGS LIMITED AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (Stated in US Dollars, except for number of shares) Results of Operations For the year ended December 31, 2023
|  | Marketing services |  |  | Social commerce |  |  | Corporate and others |  |  | Total |
Revenue |  |  | 7,991,103 |  |  |  | — |  |  |  | — |  |  |  | 7,991,103 |
Cost of revenues |  |  | (6,338,434 | ) |  |  | (12,960 | ) |  |  | — |  |  |  | (6,351,394 | )
Marketing expenses |  |  | (206,117 | ) |  |  | — |  |  |  | (12,778 | ) |  |  | (218,895 | )
Share-based compensation |  |  | — |  |  |  | — |  |  |  | (861,551 | ) |  |  | (861,551 | )
General and administrative expenses |  |  | (3,048,041 | ) |  |  | (383,602 | ) |  |  | (3,541,883 | ) |  |  | (6,973,526 | )
Other (expense) income, net |  |  | (185,962 | ) |  |  | 72,561 |  |  |  | (66,778 | ) |  |  | (180,179 | )
Loss before income taxes |  |  | (1,787,451 | ) |  |  | (324,001 | ) |  |  | (4,482,990 | ) |  |  | (6,594,442 | )
Provision for income taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net loss |  |  | (1,787,451 | ) |  |  | (324,001 | ) |  |  | (4,482,990 | ) |  |  | (6,594,442 | )
Financial Position As of December 31, 2023
|  | Marketing services |  |  | Social commerce |  |  | Corporate and others |  |  | Total |
Current assets |  |  | 3,557,743 |  |  |  | — |  |  |  | 6,433,919 |  |  |  | 9,991,662 |
Non-current assets |  |  | 53,752 |  |  |  | — |  |  |  | 37,333 |  |  |  | 91,085 |
Total assets |  |  | 3,611,495 |  |  |  | — |  |  |  | 6,471,252 |  |  |  | 10,082,747 |
Current liabilities |  |  | (3,451,510 | ) |  |  | — |  |  |  | (2,230,098 | ) |  |  | (5,681,608 | )
Non-current liabilities |  |  | (208,116 | ) |  |  | — |  |  |  | — |  |  |  | (208,116 | )
Total liabilities |  |  | (3,659,626 | ) |  |  | — |  |  |  | (2,230,098 | ) |  |  | (5,889,724 | )
Net (liabilities) assets |  |  | (48,131 | ) |  |  | — |  |  |  | 4,241,154 |  |  |  | 4,193,023 |
SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS | SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS
|  | For the years ended December 31, |
Revenue from external customers: |  | 2024 |  |  | 2023 |
HK SAR |  | $ | 5,134,573 |  |  | $ | 5,441,765 |
Taiwan |  |  | 3,113,535 |  |  |  | 2,549,338 |
Revenue from external customers |  | $ | 8,248,108 |  |  | $ | 7,991,103 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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