XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.25.1

RELATED PARTY TRANSACTIONS | 3 Months Ended
--- | ---
Mar. 31, 2025
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 6 - RELATED PARTY TRANSACTIONS SCHEDULE OF DUE FROM RELATED PARTIES
Accounts receivable from related party: |  | March 31, 2025 |  |  | December 31, 2024 |
|  | (Unaudited) |  |  | (Audited) |
Accounts receivable, net - related party |  |  |  |  |  |  |  |
- Related party K (net of allowance of $2 as of December 31, 2024) |  | $ | - |  |  | $ | 41 |
Accounts receivable, net - related party |  | $ | - |  |  | $ | 41 |
Due from related parties: |  | March 31, 2025 |  |  | December 31, 2024 |
|  | (Unaudited) |  |  | (Audited) |
Due from related parties |  |  |  |  |  |  |  |
- Related party B |  | $ | 180,361 |  |  | $ | 180,207 |
- Related party D |  |  | 803,821 |  |  |  | 772,620 |
- Related party G |  |  | 1,359 |  |  |  | 1,357 |
Total |  | $ | 985,541 |  |  | $ | 954,184 |
Due from related parties |  | $ | 985,541 |  |  | $ | 954,184 |
The amounts due from related parties are interest-free, unsecured, and have no fixed terms of repayment. SCHEDULE OF DUE TO RELATED PARTIES
Due to related parties: |  | March 31, 2025 |  |  | December 31, 2024 |
|  | (Unaudited) |  |  | (Audited) |
Due to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 39,677 |  |  | $ | 23,218 |
- Related party B |  |  | 7,495 |  |  |  | 11,944 |
- Related party K |  |  | 49,563 |  |  |  | 22,335 |
Total |  | $ | 96,735 |  |  | $ | 57,497 |
Due to related parties |  | $ | 96,735 |  |  | $ | 57,497 |
The amounts due to related parties are interest-free, unsecured, and repayable on demand. SCHEDULE OF INCOME FROM OR EXPENSES TO RELATED PARTIES
Deferred costs of revenue to related parties: |  | March 31, 2025 |  |  | December 31, 2024 |
|  | (Unaudited) |  |  | (Audited) |
Deferred costs of revenue to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 5,000 |  |  | $ | 7,500 |
- Related party F |  |  | 7,500 |  |  |  | 11,250 |
Total |  | $ | 12,500 |  |  | $ | 18,750 |
Deferred costs of revenue to related parties |  | $ | 12,500 |  |  | $ | 18,750 |
Investments in a related party: |  | March 31, 2025 |  |  | December 31, 2024 |
|  | (Unaudited) |  |  | (Audited) |
Investments in related party |  |  |  |  |  |  |  |
- Related party B |  | $ | 12,073 |  |  | $ | 12,073 |
Investments in related party |  | $ | 12,073 |  |  | $ | 12,073 |
|  | Three Months Ended March 31, |
Income from or expenses to related parties: |  | 2025 |  |  | 2024 |
|  | (Unaudited) |  |  | (Unaudited) |
Service revenue from related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 326 |  |  | $ | 924 |
- Related party B |  |  | 21,434 |  |  |  | 178,308 |
- Related party D |  |  | - |  |  |  | 14,008 |
- Related party E |  |  | - |  |  |  | 970 |
- Related party G |  |  | 215 |  |  |  | - |
- Related party K |  |  | - |  |  |  | 39 |
Total |  | $ | 21,975 |  |  | $ | 194,249 |
Service revenue from related parties |  | $ | 21,975 |  |  | $ | 194,249 |
Cost of service revenue to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 4,646 |  |  | $ | 3,054 |
- Related party F |  |  | 3,750 |  |  |  | - |
Total |  | $ | 8,396 |  |  | $ | 3,054 |
Cost of service revenue to related parties |  | $ | 8,396 |  |  | $ | 3,054 |
General and administrative expenses to related parties |  |  |  |  |  |  |  |
- Related party D |  | $ | 16,312 |  |  | $ | 19,499 |
- Related party I |  |  | 3,371 |  |  |  | 3,803 |
- Related party K |  |  | 3,469 |  |  |  | 4,601 |
Total |  | $ | 23,152 |  |  | $ | 27,903 |
General and administrative expenses to related parties |  | $ | 23,152 |  |  | $ | 27,903 |
Other income from related parties: |  |  |  |  |  |  |  |
- Related party B |  |  | 13,860 |  |  |  | 8,435 |
- Related party D |  |  | 2,698 |  |  |  | 2,991 |
Total |  | $ | 16,558 |  |  | $ | 11,426 |
Other income from related parties |  | $ | 16,558 |  |  | $ | 11,426 |
Interest income from a related party |  |  |  |  |  |  |  |
- Related party B |  | $ | 1,397 |  |  | $ | 985 |
Interest income from a related party |  | $ | 1,397 |  |  | $ | 985 |
Gain on disposal of a related party investment |  |  |  |  |  |  |  |
- Related party B |  | $ | 39,800 |  |  |  | 179,980 |
Gain on disposal of a related party investment |  | $ | 39,800 |  |  |  | 179,980 |
Reversal of impairment of a related party investment: |  |  |  |  |  |  |  |
- Related party B |  | $ | 150 |  |  | $ | - |
Reversal of impairment of a related party investment |  | $ | 150 |  |  | $ | - |
Related party A is under the common control of Mr. Loke, Che Chan Gilbert, the Company’s CFO, and a major shareholder. Related party B represents companies where the Company owns a respective percentage ranging from 1% to 18% interest in those companies. Related party C is controlled by a director of some wholly owned subsidiaries of the Company. Related party D represents companies that we have determined we can significantly influence based on our common business relationships. Related party E represents companies whose CEO is a consultant to the Company, and who is also a director of Aquarius Protection Fund and a shareholder of the Company. Related party E is no longer our consultant and shareholder, and hence, our related party relationship comes to an end from August 29, 2024. Related party F represents a family member or members of Mr. Loke. Related party G is under common control of Mr. Lee Chong Kuang, the Company’s CEO and a major shareholder. Related party H represents a company in which we currently have an approximate 48% equity-method investment. On December 31, 2023, the Company determined the amount due from related party H of $60,000 was impaired and recorded an impairment of other receivables of $60,000 for the year ended December 31, 2023. During 2018, the Company acquired approximately 49% of related party H for total consideration of $368,265. On December 31, 2018, the Company determined that its investments in related party H were impaired and recorded an impairment of other investments of $368,265. Related party I is controlled by a family member of Mr. Lee. Related party J represents a non-controlling interest in the Company’s subsidiary that owns its real estate held for sale. The amount due to related party J is unsecured, bears no interest, is payable on demand, and is related to the initial acquisition of the real estate held for sale. Related party J has become no longer our related party since our acquisition of all its 40% shareholdings in our subsidiary on April 15, 2024. Related party K represents shareholders and directors of the Company. Due from related party K represents the amounts paid by the Company to third parties on behalf of our shareholders or directors. On the other hand, due to related party K represents the amounts paid by the shareholders or directors to third parties on behalf of the Company. The amounts due from or due to related party K are interest-free and are due on demand.

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

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration