XML 156 R13.htm IDEA: XBRL DOCUMENT
v3.25.1

DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET | 12 Months Ended
--- | ---
Dec. 31, 2024
Deposits Prepayments And Other Receivables Net |
DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET | NOTE 5 – DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET Deposits, prepayments and other receivables, net consist of the following: SCHEDULE OF DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Consideration receivable |  | $ | 1,625,779 |  |  | $ | 1,625,779 |
Deposits |  |  | 22,484 |  |  |  | 18,067 |
Prepayments |  |  | 2,573,047 |  |  |  | 3,941,488 |
Other receivables |  |  | 125,326 |  |  |  | 773,010 |
Deposits prepayments and other receivables gross |  |  | 4,346,636 |  |  |  | 6,358,344 |
Less: allowance for expected credit loss |  |  | (1,749,619 | ) |  |  | — |
Total |  | $ | 2,597,017 |  |  | $ | 6,358,344 |
During the year ended December 31, 2023, the Company prepaid an aggregate consideration of $6,100,000 to obtain corporate advisory and training services from certain independent third party consultants. The service periods are ranged from March 2023 to December 2024. During the year ended December 31, 2024, the Company agreed with the independent third party consultants to extend the service periods to June 2025. The prepayments are amortized over the service periods and the consulting service fee was expensed to the general and administrative expenses in the consolidated statements of operations and comprehensive loss. The movement of allowances for expected credit loss is as follow: SCHEDULE OF ALLOWANCES FOR EXPECTED CREDIT LOSS
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Balance at beginning, January 1 |  | $ | — |  |  | $ | (69,000 | )
Allowance for expected credit losses |  |  | (1,749,619 | ) |  |  | — |
Written-off as uncollectible |  |  | — |  |  |  | 69,000 |
Balance at end, December 31 |  | $ | (1,749,619 | ) |  | $ | — |
For the years ended December 31, 2024 and 2023, the Company has assessed the probable loss and made an allowance for expected credit losses of $1,749,619 and $0 on deposits, prepayments and other receivables, respectively.

X
- Definition Deposits Prepayments And Other Receivables [Disclosure Text Block] + References No definition available. + Details
Name: | VSME_DepositsPrepaymentsAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | VSME_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | VSME_DisclosureDepositsPrepaymentsAndOtherReceivablesNetAbstract
Namespace Prefix: | VSME_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration