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INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 7 – INTANGIBLE ASSETS, NET Intangible assets, net consists of the following: SCHEDULE OF INTANGIBLE ASSET, NET
|  | As of December 31, |
Software platform |  | 2024 |  |  | 2023 |
Cost: |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | 101,817 |  |  | $ | 101,817 |
Additions |  |  | 905,607 |  |  |  | — |
Foreign currency translation |  |  | 4,741 |  |  |  | — |
Balance at end of year |  |  | 1,012,165 |  |  |  | 101,817 |
Accumulated amortization: |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | (64,484 | ) |  |  | (44,249 | )
Charge for the year |  |  | (20,381 | ) |  |  | (20,317 | )
Foreign currency translation |  |  | (448 | ) |  |  | 82 |
Balance at end of year |  |  | (85,313 | ) |  |  | (64,484 | )
Net carrying value |  | $ | 926,852 |  |  | $ | 37,333 |
On December 23, 2024, VSHK purchased CRUUSH platform from an independent third party in a share-based consideration of 900,000 shares of Class A Ordinary Shares of the Company at the current market price of $1 per share. CRUUSH is a blockchain enabled social eCommerce platform which enables creators to promote and post their products or services to the social media to drive their fans to purchase and receive rewards. Amortization expense for the years ended December 31, 2024 and 2023 was $20,381 and $20,317, respectively. The annual estimated amortization expense for intangible assets subject to amortization for the succeeding five years is as follows: SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE
|  | December 31, |
2025 |  | $ | 199,020 |
2026 |  |  | 181,958 |
2027 |  |  | 181,958 |
2028 |  |  | 181,958 |
2029 |  |  | 181,958 |
Total |  | $ | 926,852 |

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