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DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES, NET (Tables) | 12 Months Ended
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Dec. 31, 2024
Deposits Prepayments And Other Receivables Net |
SCHEDULE OF DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES | 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 |
SCHEDULE OF ALLOWANCES FOR EXPECTED CREDIT 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 | ) |  | $ | — |

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